Short answer questions. Answer the following questions in your own words. Feel free to look them up in the book but please re-word them in your own words to show you understand what you are saying −I advise against googling answers for this class because not all internet answers are in the same format or use the same terminology as your author, and that is why I suggest you look them up in your text or listen for the answers in the lecture videos. Always answer these types of questions in complete sentences and paragraphs. 1. Why do we have to count inventory every year when the computer keeps track of it anyway? What is inventory shrinkage and why are the managers always worried about how much it will be?
Answers
Inventory counting is conducted annually despite the computerized tracking system to ensure the accuracy and reliability of the inventory records. Inventory shrinkage refers to the loss of inventory due to theft, damage, spoilage, or errors in recording. Managers are concerned about inventory shrinkage because it directly affects the company's profitability and financial performance.
Regular inventory counting is necessary because the computerized tracking system may not capture all the inventory-related issues accurately. The system can encounter errors, such as data entry mistakes, system glitches, or technological malfunctions, which can result in discrepancies between the recorded inventory and the actual physical inventory. By conducting physical inventory counts, discrepancies can be identified and corrected, ensuring the accuracy of the inventory records.
Inventory shrinkage is a significant concern for managers because it directly impacts the company's bottom line. When inventory is lost or damaged, it represents a financial loss for the business. Inventory shrinkage can result from various factors, including theft by employees or external parties, improper storage conditions leading to spoilage, and errors in inventory management or recording. By accurately tracking inventory shrinkage, managers can assess the extent of losses, identify potential causes, and implement measures to minimize shrinkage, such as improving security measures, enhancing inventory control procedures, and training employees.
Furthermore, accurate inventory records are crucial for financial reporting, taxation purposes, and making informed business decisions. By regularly counting inventory, managers can identify discrepancies, take corrective actions, and maintain reliable records that reflect the true value of inventory on hand.
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Related Questions
Suppose a bank has $10,000 in deposits and $1,000 in reserves.
The required reserve ratio is 5%. Which of the following occurs if
the required reserve ratio is increased to 10%? Group of answer
choice
Answers
None of the options provided accurately describes the outcome of increasing the required reserve ratio to 10%.
If the required reserve ratio is increased from 5% to 10%, it means that banks will be required to hold a higher percentage of their deposits as reserves. Let's analyze the options:
A) The bank's reserves decrease to $500.
This option is incorrect. If the required reserve ratio is increased, the bank would need to hold a higher amount of reserves, not a lower amount. Therefore, the bank's reserves would not decrease to $500.
B) The bank's reserves increase to $1,500.
This option is incorrect. While the bank's reserves would increase due to the higher required reserve ratio, the exact amount would depend on the increase in deposits. Without information about any change in deposits, we cannot determine the specific value of the reserves.
C) The bank's excess reserves increase.
This option is incorrect. If the required reserve ratio is increased, banks would need to hold a higher percentage of their deposits as reserves, which would leave them with fewer excess reserves.
D) The bank's lending capacity increases.
This option is incorrect. Increasing the required reserve ratio reduces the amount of funds that banks can lend out since a larger portion of their deposits must be held as reserves.
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If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answers
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
All of the following are the highest level of the primary sources of authoritative accounting literature, EXCEPT:
A. AICPA Accounting Interpretations
B. Non-superseded sections of the Accounting Research Bullentins issued by the Committee on Accounting Procedures
C. Statements of Financial Accounting Standards issued by FASB
D. Interpretations issued by the FASB
E. Statements and Interpretations of the Governmental Accounting Standards Board
Answers
All of the following are the highest level of the primary sources of authoritative accounting literature, EXCEPT Statements and Interpretations of the Governmental Accounting Standards Board. The correct answer is E.
The highest level of the primary sources of authoritative accounting literature is typically considered to be the Statements of Financial Accounting Standards (SFAS) issued by the Financial Accounting Standards Board (FASB). SFAS provide the generally accepted accounting principles (GAAP) for financial reporting in the United States.
A. AICPA Accounting Interpretations are interpretations issued by the American Institute of Certified Public Accountants (AICPA) that provide guidance on specific accounting issues.
B. Non-superseded sections of the Accounting Research Bulletins (ARB) issued by the Committee on Accounting Procedures were the original pronouncements of the predecessor to the FASB and are considered historical accounting guidance.
C. Statements of Financial Accounting Standards (SFAS) issued by FASB are authoritative pronouncements that establish GAAP for nongovernmental entities.
D. Interpretations issued by the FASB provide additional guidance and clarification on existing accounting standards.
E. Statements and Interpretations of the Governmental Accounting Standards Board (GASB) are specific to accounting and financial reporting for state and local governmental entities, not applicable to all types of entities.
The correct answer is E.
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2 The market price of a share of preferred stock is $22.05 and the dividend is $2.63. What discount rate did the market use to value the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Answers
The preferred stock was valued by the market using a discount rate of 11.93%, indicating the rate at which future dividends were discounted to arrive at the present value of the stock.
Find the discount rate?To determine the discount rate, we can use the dividend discount model (DDM). The DDM states that the value of a stock is the present value of its expected future dividends. In this case, the dividend is $2.63 per share.
The formula for calculating the value of a preferred stock using the DDM is as follows:
Stock Value = Dividend / Discount Rate
Rearranging the formula, we get:
Discount Rate = Dividend / Stock Value
Plugging in the given values:
Discount Rate = $2.63 / $22.05 ≈ 0.1193
Converting the decimal to a percentage, the discount rate is approximately 11.93%.
Therefore, the market used a discount rate of 11.93% to value the preferred stock.
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A loan taken out by a government that is repaid in a fixed amount at a specific time is a ____.
A. bond
B. hedge fund
C. stock
D. savings account
Answers
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Country m hopes to encourage economic growth by:_____.a. investing in education to reduce unemployment and increase production. b. new technologies to produce goods that are in great demand. c. resources that can be traded with other nations. d. research to develop goods that can be sold on a global scale.
Answers
Country m hopes to encourage economic growth by investing in education to reduce unemployment and increase production.
Option A. is correct.
Education is essential for a strong economy, as it enables individuals to acquire the skills and knowledge necessary to participate in the workforce and contribute to the economy.
Additionally, investing in education can help to reduce unemployment, as individuals with higher levels of education are more likely to be employed.
This can result in increased production, as more individuals are able to contribute to the economy.
Furthermore, investing in education can also help to create new technologies and products, which can further boost economic growth.
Thus, investing in education to reduce unemployment and increase production is an effective way for Country M to encourage economic growth.
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Which of the external and internal business environment has greater influence on business organization?
Answers
Internal environments, also known as micro environments, are unique and have a direct impact on the business.
What is internal environment?
The internal environment is the conditions, entities, events, and factors within an organization that influence its activities and choices, especially with regard to the behavior of its employees. These conditions can include a variety of factors, such as corporate culture, organizational structure, management practices, and employee attitudes.
The external environment, also known as the macro environment, has an impact on all company groups even if it has no direct impact on any single organization.
What is external environment?
External environment refers to factors outside of a company’s control that can have a significant effect on its performance and decision-making. Examples of external environmental factors include economic conditions, technological advances, natural disasters, government policies, social change, and competition.
An organization's internal environment can help determine the success or failure of its external environment, as well as how the company will respond to changing external conditions. By understanding and managing the internal environment, businesses can better prepare for and respond to external conditions, as well as create a more successful organizational culture.
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the tax on the purchase of goods or services is called _____________.
Answers
The tax on the purchase of goods or services is called a sales tax.
A sales tax is a consumption tax that is levied on the sale of goods and services at the point of purchase. It is typically a percentage of the price of the item being purchased and is added to the total cost of the item at the time of sale. The amount of sales tax collected is usually remitted to the government by the seller.
Sales taxes are a common source of revenue for state and local governments, as they can generate significant funds to support government programs and services. The rate of sales tax can vary by jurisdiction, and some states or municipalities may exempt certain items or have different rates for different types of items.
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To decrease buyer power, the firm can a.​Differentiate its product b.​Decrease dependency on a single buyer c.​Sell its products in locations with multiple buyers d.​All of the above
Answers
Answer:
I need these pt thx plz plzpl
Why is it a good idea to be organized in the workplace?
Answers
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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a(n) , a neutral third party, is usually called in to reesolvee any conflict that may arise over the interpreetation of a collective bargaining agreement contract
Answers
In the context of collective bargaining agreements, it is not uncommon for conflicts to arise over the interpretation of contract terms. When this happens, a neutral third party may be called in to resolve the dispute. This third party, known as an arbitrator, is typically selected by both the union and the employer. The arbitrator is tasked with hearing evidence and arguments from both sides and making a binding decision on the dispute.
Arbitration is a common method for resolving disputes in the context of collective bargaining agreements because it provides an impartial decision-maker who can assess the evidence and arguments objectively. The arbitrator's decision is typically final and binding, meaning that both parties are required to comply with the decision.
Arbitration can be a quicker and less expensive alternative to litigation, which can be time-consuming and costly. However, it is important to note that the arbitrator's decision is final and binding, and there is generally no right to appeal the decision. In conclusion, a neutral third party arbitrator is typically called in to resolve any conflicts that may arise over the interpretation of a collective bargaining agreement contract. Arbitration can be a quicker and less expensive alternative to litigation, but it is important to understand that the arbitrator's decision is generally final and binding.
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What does the St stand for in the formula to calculate moving averages of sales forecasting?
Formula:
Ft+1=(St+St+St-2+...+St-N-1/N)
Answers
is Cu2+(aq) + 2e− ---------------> Cu(s) oxidation or reduction?
Answers
Cu2+(aq) + 2e− is a reduction reaction.
What's an example of a reduction reaction?Rusting iron is a technique that entails oxidation and discount. Oxygen is decreased, while the iron is oxidized. The iron oxide undergoes discount (loses oxygen) to form iron at the same time as the carbon monoxide is oxidized (profits oxygen) to shape carbon dioxide.
The terms oxidation and discount can be described in terms of adding or casting off oxygen to a compound. at the same time as this isn't the maximum sturdy definition, as discussed below, it's far the very best to recollect. Oxidation is the gain of oxygen. reduction is the lack of oxygen.
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A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 million units. If it produced only robots, it would produce 20 million units.
Graph the production possibilities curve for this country, assuming constant opportunity cost between the two goods—place bananas on the vertical axis and robots on the horizontal axis. Indicate a point on your graph, labeled A, that represents full employment and a possible combination in which both goods are being produced.
My Response: Understanding that every 15 million units of bananas equals 5 million units of Robots, now looking at my graph, you can see that the point labeled A means that at full employment, producing 50% of both goods gives you 30 million units of bananas and 10 million units of Robots.
What is this country's opportunity cost for producing a robot? Explain.
My Response: If we divide 60 Million / 20 Million = 3. So the opportunity cost for producing a robot is 3.
What would the area beyond (outside of) the country's PPC represent?
My Response: The area beyond the country’s PPC basically means the country is not able to produce in that area because it doesn't have the resources to do so. It's impossible or currently unattainable with the setup it has. Needs to improve “Factors of Production”
Assume that the country enters a recession. Label a point that could correspond to its output on your graph, labeling it B.
My Response:
Assume that a new fertilizer increases the efficiency of producing bananas. The productive capacity of robots is unaffected. Illustrate the impact of this change on your graph from part (a). Use an arrow to indicate the direction of the change.
My Response:
Another country with constant opportunity cost can produce 80 million units of bananas with all of its available resources or 10 million units of robots with all of its available resources. Calculate the opportunity cost for this country to produce 2 million units of robots.
My Response:
Answers
It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.
How to illustrate the information?In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.
Opportunity cost producing a robot = Total bananas possible / Total robots possible
Opportunity cost producing a robot =60/20
Opportunity cost producing a robot = 3 bananas
The area outside PPC represents the unattainable combinations of two goods.
During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates
Marginal opportunity cost of a robot = 80 million bananas / 10 million robots
The marginal opportunity cost of a robot = 8 bananas
Opportunity cost of 2 million robots = 8 bananas × 2 million
The opportunity cost of 2 million robots will be 16 million bananas.
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go fol l ow my t i k t o k
Answers
Explanation:hehe
you have decided that you want to attend a costume party as your favorite marvel character. you estimate that it will cost $60 to assemble your costume. after spending $60 on the costume, you realize that the additional pieces you need will cost you $35 more. the marginal cost of completing the costume is .
Answers
The marginal cost of completing the costume is $35.
The difference in overall production costs caused by creating or producing one more unit is known as the marginal cost.
We have given in the question,
Estimate cost = $60
Spending on costume = $60
Additional pieces cost = $35
To find out the marginal cost of completing the costume is:
We know where we consume $60 and we spent that all then $35 need more
So here we can say that marginal cost is the cost added for getting an additional unit of product or service.
And the last products demanded costs = $35
Therefore, it is the marginal cost i.e $35.
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Lexi was on target in terms of her financial plan when her basement flooded due to an intense rainfall. Which type of financial risk derailed Lexi’s plans?
A. income risk
B. interest rate risk
C. personal risk
D. inflation risk
Answers
Answer:
C, "Personal risk"
Explanation:
Gradpoint
Kingston budgets total sales for June and July of $490,000 and $308,000, respectively. Cash sales are 65% of total sales. Of the credit sales, 20% are collected in the month of sale, 60% are collected during the first month after the sale, and the remaining 20% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31. Hint: Determine the percent of June and July sales that are uncollected at July 31. As of July 31 Sales month Total Sales Credit Sales Percent Uncollected Amount Uncollected June $ 490,000 July 308,000 Total
Answers
June sales:
Total sales: $490,000
Cash sales: 65% = $321,500
Credit sales: 35% = $168,500
Of the credit sales, 20% are collected in the month of sale: $33,700
The remaining 80% of June credit sales are uncollected at July 31: $134,800
July sales:
Total sales: $308,000
Cash sales: 65% = $200,200
Credit sales: 35% = $107,800
Of the credit sales, 20% are collected in the month of sale: $21,560
The remaining 80% of July credit sales are uncollected at July 31: $86,240
Total accounts receivable as of July 31: $134,800 + $86,240 = $221,040
Therefore, the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31 is $221,040.
Which of these scenarios most puts Margaret at risk of identity theft?
Margaret manages her bank account through its website while using a restaurant’s public wifi.
Margaret manages her bank account by calling her bank directly and using personal information for identification.
Margaret manages her bank account by visiting a local branch and signing paperwork for the bank teller.
Margaret manages her bank account by keeping personal records to compare to the bank’s records.
Answers
Answer:
Margaret manages her bank account through its website while using a restaurant’s public wifi.
Explanation:
public wifi is easily tapped into. yw
The higher the interest rate, the other the_____ will be
A. Length of time until the investment doubles
B. Future value of money
C. Inflation rate
D. Present value of
Answers
Which of the following is involved in a competitive firm's short-run production decision?
A) Deciding whether to build an additional factory or not.
B) Choosing a rate of output using the existing plant and equipment.
C) Changing the scale of operations.
D) Deciding what price to charge for its product.
Answers
n the short-run, a competitive firm cannot change its plant and equipment, so options A and C are not applicable. Option D is also not correct because a competitive firm is a price taker, meaning it has to accept the market price for its product. Therefore, the only decision a competitive firm can make in the short-run is to choose the optimal rate of output based on its marginal cost and revenue.
In a competitive firm's short-run production decision, the focus is on adjusting output levels using their current resources rather than expanding or changing the scale of operations.
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Has the Cannabis Act changed the way we view Cannabis in
Canada?
Answers
Yes, the Cannabis Act has changed the way we view cannabis in Canada. The Cannabis Act was introduced in Canada in 2018, and it legalizes recreational cannabis use across the country.
The legalization of cannabis has created a significant shift in how Canadians view cannabis. Canadians have a more positive view of cannabis, and the stigma around cannabis has reduced, which has made people more open to discussing its use. The Cannabis Act has also helped to regulate the cannabis industry, ensuring that the quality of the product is consistent, and that consumers are aware of the risks and potential side effects of using cannabis. The Act also prohibits the sale of cannabis to minors, and it provides penalties for those who violate the regulations.Overall, the Cannabis Act has been a significant step towards changing the way we view cannabis in Canada. It has reduced the stigma around cannabis and created a more positive view of the substance. The Act has also helped to regulate the industry, ensuring that consumers have access to safe and high-quality products. The legalization of cannabis has been a positive move for Canada, and it will continue to have an impact on the country in the years to come.For more questions on risks
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What is the difference between force.com and salesforce.com license?
Answers
The primary difference between Force.com and Salesforce.com licenses lies in the functionality and purpose they serve.
Force.com licenses are designed for users who require access to custom applications built on the Salesforce platform, but not necessarily the CRM features that Salesforce.com offers. This license type grants users access to custom objects, tabs, and apps, but does not include standard CRM objects like Leads, Opportunities, and Cases. It is suitable for organizations looking to build and manage applications specific to their business processes. Salesforce.com licenses, on the other hand, are tailored for users who need comprehensive access to the platform's CRM features, including Sales Cloud, Service Cloud, and Marketing Cloud. These licenses provide access to both standard CRM objects and custom objects. Salesforce.com licenses are ideal for organizations that need an all-encompassing CRM solution for sales, customer service, and marketing. In summary, Force.com licenses focus on custom application access, while Salesforce.com licenses grant users full access to the platform's CRM functionalities. Choosing the right license depends on your organization's needs and the extent of customization required.
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chapter 13 victoria is the daytime supervisor for an automobile assembly line. she supervises 40 workers who perform specialized jobs that require moderate training. which of the following statements would indicate that victoria is following the path-goal model of leadership? group of answer choices victoria wants to develop a partnership with her team illustrated by reciprocal influence, mutual trust, respect and liking, and a sense of common fates. victoria has a certain idea about how she should behave as a leader and what she should do for her team of workers. victoria does not feel like taking responsibility for leading her team since their jobs require more than minimal training. victoria's leadership skills are most effective when applied to match the characteristics of the situation at hand. victoria likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.
Answers
Victoria is following the path-goal model of leadership if she likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.
This is one of the statements from the options that indicate Victoria is following the path-goal model of leadership.The path-goal theory of leadership is a model that suggests that leaders should provide the support and guidance their subordinates require to accomplish goals. Path-goal theory claims that a leader's leadership style is influenced by the subordinates' requirements and the environmental variables that affect their behavior.
The path-goal model of leadership is an extension of the expectancy theory of motivation, which suggests that employees' behavior is determined by the strength of their expectancy that increased effort will result in better performance and that better performance will result in the desired reward. Leaders can inspire their subordinates and help them reach their objectives by using the path-goal model of leadership.Victoria is a daytime supervisor for an automobile assembly line.
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true or false: strategic trade policy does not advocate for government intervention in international trade.
Answers
The statement "strategic trade policy does not advocate for government intervention in international trade" is false because to increase a country's competitive advantage.
This can be done through tariffs, subsidies, export and import quotas, and foreign direct investment. These interventions are often aimed at creating jobs, promoting local industry, and making the nation competitive in the global market.
For example, the US imposed tariffs on imported steel in 2018 to protect domestic steel production, which increased employment in the steel industry and made the US more competitive in the global market. In short, strategic trade policy does advocate for government intervention in international trade.
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answers
Answer:
D) wait until the contract has ended
document symptoms to some extent can signal out that embezzlement is taking place. which among the following usually does not point to some problem with the source documents? a. photocopied documents b. different names or addresses of payees or customers c. excessive voids or credits d. increased past-due accounts
Answers
Document symptoms to some extent can signal out that embezzlement is taking place. The "photocopied documents." usually does not point to some problem with the source documents. The correct option is (a).
This is because photocopied documents are not necessarily an indicator of embezzlement taking place, especially in instances where the original documents may be damaged, lost, or being held by another party. In some cases, photocopied documents may be used as a backup in case the original documents become lost or damaged.In contrast, different names or addresses of payees or customers, excessive voids or credits, and increased past-due accounts are all possible indicators of embezzlement taking place.
Different names or addresses of payees or customers may signal that an employee is creating fake accounts to funnel money to themselves, while excessive voids or credits may indicate that an employee is voiding sales transactions and pocketing the cash. Increased past-due accounts may signal that an employee is mismanaging accounts and not following up with customers to collect payments.
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What is TRUE about countries that use a regressive tax system?
A. The burden of taxes is put solely on those who make purchases.
B. The burden of taxes is equal on all individuals.
C. The burden of taxes is much higher on individuals who inherit wealth.
D. The burden of taxes is much higher on individuals with lower incomes.
Answers
The Truth about countries that use a regressive tax system:
D. The burden of taxes is much higher on individuals with lower incomes.
The Truth about countries that use a regressive tax system is the burden of taxes is much higher on individuals with lower incomes.Thus, the correct answer is D.
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List the six areas of interest.
Answers
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation: