The product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.
What is a business-to-business market?A business-to-business market describes a process whereby goods or services are exchanged for the production of other goods or services.
In this market, the buying organization is not the final consumer but a producer of goods from the purchased inputs.
Question Completion with Answer Options:a) Classes at a university for a college freshman
b) Lumber needed to make furniture
c) A haircut from a salon
d) Appliances needed for your home
Thus, the product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.
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Which of the following is NOT an example of a professional degree?
O Master of Science
O Doctor of Medicine
O Master of Divinity
O Juris Doctor
Answer:
Juris Doctor
Explanation:
Please mark as brainlist answers
Juris Doctor is NOT an example of a professional degree. Hence, option D is correct.
What is a professional degree?A professional degree, usually referred to as a first-professional degree, is a degree that helps you get ready for a specific career. Law degrees (J.D.s) and medical degrees are the two most typical instances of professional degrees (M.D.s). There are plenty others, though.
A professional degree is a higher education program created to get you ready to work in a particular industry, like law or medicine. Professional degrees are regarded as terminal degrees, or the greatest degree you may obtain in a field, similar to advanced academic degrees like doctorates and certain master's.
The completion of professional degrees typically requires more time than academic degrees. Additional eligibility requirements for professional degrees may include trainee programs, licensure exams, and bar exams. The two terms "professional bachelor's degree" and "bachelor's degree" are not synonymous.
Thus, option D is correct.
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Lizzy’s is a retail clothing store, specializing in formal wear for weddings. They purchase their clothing for resale from specialty distributors and manufacturers. Recently the owners of Lizzy’s have noted an increased interest in costume jewelry and fashion accessories among their clientele. If the owners of Lizzy’s decide to expand their business to include these products, what cost data would they need to collect and analyze prior to expanding the business?
Answer:
their net profit, and demand
Explanation:
they cannot produce of buy ore things to sell if they do not have the funds to buy it
please please please help me
a) A decrease of 7.9% in material (supply-chain) costs is required to yield a profit of $40,000, for a new material cost of $58,000.
b) An increase of 3.6% in sales is required to yield a profit of $40,000, for a new level of sales of $145,000.
How are the percentages determined?For the supply chain improvement, we can increase the profit to $40,000 by reducing the cost of materials to $58,000 ($63,000 - $5,000).
This reduction translates to a 7.9% cost improvement ($5,000/$63,000).
We apply the break-even sales revenue with the target profit for the sales strategy.
This analysis shows that Sales revenue needs to increase to $145,000, which is a 3.6% ($145,000 - $140,000/$140,000) improvement.
Current profit level = $35,000
Expected profit level = $40,000
Percent Supply % Sales
Current Situation Amount ($) of sales Chain Strategy
Sales 140,000 $140,000 $145,000
Cost of material 63,000 (45%) 58,000 41.4% 63,000
Production cost 35,000 (25%) 35,000 25% 35,000
Contribution margin 42,000 (30%) $47,000 33.6% $47,000
Fixed cost 7,000 (5%) 7,000 5% 7,000
Profit 35,000 (25%) $40,000 28.6% $40,000
a) Percentage improvement in supply chain strategy = 7.9% [1 - ($63000 - $5,000/$63,000 x 100)]
The cost of the material with a $40,000, profit will be $58,000 ($63,00 x 1 - 7.9%).
b) Percentage improvement in the sales strategy = 3.6%
Break-even Sales = Fixed Costs + Target Profit/Contribution margin ratio
= $7,000 + $40,000/32.4%
= $25,000/32.4%
= $145,000
Required improvement in the sales strategy = 3.6% ($5,000/$140,000 x 100)
Sales with an improvement of 3.6% = $145,000 ($140,000 x 1.036)
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What is a key difference between business-to-government (B2G) transactions and other types of e-commerce?
A key difference is the focus on the particular role of the person. B2C marketers are marketing to the consumer, as contrasted with B2B marketers marketing to the business decision maker or influencer. While B2G marketers are marketing to the government contracting officer or representative, or government program manager.
#7777
The minimum passing scale score for all written and practical licensing examinations for board of barbers and cosmetologist in the state of New Mexico.
A. 75
B. 80
C. 70
A client with a portfolio of 10 U.S corporate bonds is planning to add 10 more bonds of different corporations (both U.S and international) which one of the following could the client eliminate through diversification?
Answer:
Explanation:
Diversification in a portfolio involves reducing risk by investing in a variety of assets. The specific bonds that could be eliminated through diversification would depend on the characteristics of the existing portfolio and the new bonds being considered.
Without information about the current holdings and the characteristics of the new bonds, it is not possible to determine which specific bond(s) could be eliminated through diversification. However, diversification generally aims to reduce the exposure to any single issuer or industry, and spread the risk across different assets. So, the client could eliminate bonds from issuers or industries that are already well-represented in the portfolio to achieve better diversification.
It is important to note that specific investment decisions should be based on thorough analysis of individual bonds, including creditworthiness, maturity, interest rates, and other factors. Professional financial advice and analysis should be sought to make informed investment decisions.
WHAT ARE FLUOROPLASTIC LIMITATIONS ?
According to the box “Making Ethical Decisions: Loyalty or Profitability?," a firm must give its employees __________ before closing and/or moving to another location
"Making Ethical Decisions: Loyalty or Profitability?" requires a firm to give its employees at least a notice period of 60 days before it can close shop or move to another location.
This requirement enables the employees to get prepared for the effects of the action on their employment status or relocation decisions.Typically, firms give the following reasons for making a relocation decision:
to reach new marketsto upgrade facilities or equipmentto lower costs or increase cash flowto start another line of business not suitable in the present locationto consider the quality of life of its employees.Thus, no matter the reason for closing or moving to another location, the firm should endeavor to give 60 days' notice to its employees.
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which of the following items are classified as noncash investing and financing activities? (check all that apply.) multiple select question. retirement of debt by issuing stock repayment of a note with cash lease of assets in a long-term lease transaction conversion of preferred stock to common stock
The retirement of debt by issuing stock and lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.
The noncash investing is the investing in which the use of financial tools other than cash to make an investment or purchase. The noncash investing include the spending of the taking out a loan or signing a note payable.
The noncash investing is the zero net reduction of cash during the investing and it is the most big advantage for the non cash reduction investment. The lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.
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your credit score cannot be used to help you
Your credit report does not include your marriage status, medical information, purchasing habits or transaction details, income, bank balance, criminal history, or education level.
Why don't you take care of your credit score?Without a good credit rating and history, experts say it's hard to qualify for a mortgage or car loan, and it's even higher because you don't get the highest interest rates. In many states, bad credit can actually increase insurance premiums, cover rental housing costs, and make employment difficult
Payment history is the most important factor in determining creditworthiness. Payment history accounts for 35% of the FICO® score. The other four factors included in the credit score calculation make up the remaining 65%.
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Answer:
increase salary
Explanation:
I took the test
graphically show the impact of an increase in market demand and a relatively smaller decrease in market supply on the equilibrium price and quantity
Answer:
An increase in market demand and a relatively smaller decrease in market supply would result in a shift in the demand curve to the right and the supply curve to the left, causing the equilibrium price to increase and the equilibrium quantity to increase as well. The increase in market demand leads to a higher demand for goods, which drives the price up, while the relatively smaller decrease in market supply leads to a lower availability of goods, further driving the price up. This results in a new higher equilibrium price and a higher equilibrium quantity.
What are some of the ‘temptations’ a room attendant needs to resist when he/she has access to a guest’s room?
Touching any personal items, stealing, snooping, etc. are some of the ‘temptations’ a room attendant needs to resist when he/she has access to a guest’s room.
What is the role of the room attendant?To ensure that visitors have a pleasant and comfortable stay, room attendants are in charge of cleaning and maintaining guest rooms. They make sure that every room is welcoming and spotless, and they respond to all visitor inquiries courteously and intelligently. At a number of locations, including hotels, restaurants, parking garages, outdoor facilities, and retail stores, attendants carry out a range of customer support and service activities.
They help clients, offer information, and guarantee a well-run business. To make sure that guests are satisfied, we treat everyone with civility, respect, and a helpful, kind attitude. ensuring a high level of conduct in conformity with standardized rules. cleaning the staff housing areas as instructed by the housekeeper.
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What can be protected by a patent?
A. The right to have exclusive use of real property
B. The right to use a specific and unique creative production
C. The night to use unique and innovative ideas
D. The right to use any type of intellectual property
Answer:
C.
Explanation:
You can patent an Idea so that no one else can use it.
Hope this helps :)
What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Answer: 2.74 years
Explanation:
Payback Period is a method of capital budgeting that works by checking how long the project will take to repay the investment outlay.
The formula is;
Payback Period = Year before Payback Period occurs + \(\frac{Cash remaining}{Cashflow in year payback happens}\)
Initial Outlay = $4,650
First Year = $1,350
Second Year = $2,450
Third Year = $1,150
First year + second year = 1,350 + 2,450 = $3,800
Remaining till repayment = 4,650 - 3,800 = $850
Third year amount of $1,150 is higher than $850 so amount will be repaid in 3rd year.
Payback Period = Year before Payback Period occurs + \(\frac{Cash remaining}{Cashflow in year payback happens}\)
Payback Period = 2 + \(\frac{850}{1,150}\)
Payback Period = 2.74 years
While going into a forest and clear-cutting all of the trees may not be environmentally friendly, it is very efficient and less than sustainable practices.
1.) damaging
2) dangerous
3.) effective
4.) expensive
clear-cutting all of the trees damaging and dangerous practice, hence the correct options are 1 and 2.
What is deforestation?Deforestation, also known as forest clearance, is the removal of a forest or tree stand from land before it is put to another use other than that of a forest.
Conversion of forest land to farms, ranches, or urban use is a form of deforestation. Tropical rainforests are where deforestation is most prevalent.
Forests have been cleared throughout history and into the modern era to make room for agriculture and animal grazing as well as to obtain wood for fuel, manufacturing, and construction.
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A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit.
What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit. What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
The break-even point is the point in sales volume where total costs and total revenues are equalized. The break-even point can be expressed in sales volume or in sales dollars. The break-even point can be calculated for individual product lines or for the entire business. It is an important concept in cost accounting and helps company management understand at what point the business will go from losing money to profitability.
Break-even point = fixed cost / (unit selling price - variable cost per unit) = $9,000 / ($200 - $50) = 60 units
When the demand is 200 units, profit = revenue - total cost = revenue - (fixed cost + total variable cost) = $200 ×200 - ($9,000 + $50 ×200) = $21,000
When total cost and total revenue are equal, a small business is said to have reached its break-even point and is in a neutral position. In other words, you've arrived at the point in your manufacturing cycle where the revenue from a product is equal to its production expenses. This figure should be included in your business plan for each new venture. In addition to learning the expected return on their investments, potential investors in a business often want to know when they may expect to see those returns. This is because it might take some businesses years to start making a profit, losing money frequently in the initial months or years before breaking even. This is why any business plan should include a section on break-even point.
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Please use the following baseline information:
Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years
At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.
(I know it’s not $5,000)
Answer:
The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.
Explanation:
Another factor influencing business ethics is _____, or what is fair according to prevailing standards of society.
Group of answer choices
equity
utilitarianism
validity
righteousness
justice
Answer: Justice.
Explanation: Justice is a moral principle that leads people to act in the correct way according to established laws. When speaking at the business level, justice seeks that people are paid in a reasonable way according to their functions, that there is no inequality, and that everyone can receive the treatment they deserve.
Identify at least five different careers within the Business, Management, and Administration and Finance career clusters that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you
Answer:
Five careers within the Business, Management, and Administration or Finance clusters that would be interesting to me are treasurer, underwriter, debt counselor, corporate trainer, and public relations specialist. Of those careers, the three that I think would be best suited to my skills and interests are underwriter, corporate trainer, and public relations specialist.
As a public relations specialist, I would work to create positive relationships with the media, community leaders, special interest groups, and others to help boost the image of the company for which I work. I would write press releases, speeches, and other documents as the liaison to the media. As such, it would be important for me to have excellent writing, time management, public speaking, and interpersonal skills. Because the median salary is $55,680 with an average increase in employment from 2012–2022, it could be a great starting-off point that would allow me to get into the field of public relations.
To become a public relations specialist, I would need to start by getting a bachelor’s degree in public relations. Three schools that I would consider attending to get my degree are the University of Southern California–Los Angeles, University of Texas–Austin, and the University of Tennessee. Each of these schools has established programs that offer hands-on experience in the public relations field. They also offer master’s programs in communications, so I could work toward a master’s degree, as well.
Explanation:
Answer:
Of all the jobs within the Agriculture, Food, and Natural Resources and Energy clusters, I think that the following would be the most interesting for me: seismic technician, food scientist, nursery manager, weatherization manager, and zoologist. Of these career options, I think zoologist, food scientist, and nursery manager are the ones that I would consider pursuing. I would truly enjoy being a nursery manager.
I’ve always considered myself to be someone with a “green thumb.” I enjoy gardening, so I think I would love to make a career out of working in a greenhouse with various plants. I would need to learn about the various plants in the nursery: how to care for them, how to identify when they have a disease or pest, and how to treat problems that arise. As the manager, I would also need to supervise the people working in the nursery.
Some of the skills that will help me find success as a nursery manager are creativity and excellent communication, teamwork, leadership, and problem-solving skills. I would also need to complete on-the-job training and an apprenticeship. I think it would be great to get a job working in a nursery while in high school, so I can start training while I’m still in school. It would give me an opportunity to learn from someone with experience in the field.
Although many nursery-related careers require only a certification or on-the-job training, a manager can benefit from getting a bachelor’s degree in horticulture science. Some of the best programs for horticulture science are through Washington State University, University of Florida, or Cornell University. After completing the program, I would hope to open my own nursery where I could sell plants to homeowners, landscapers, or commercial industries.
Explanation:
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 52 weeks in a year.
Demand = 52,000 units/year
Ordering cost = $38.00/order
Holding cost = $2.50/unit/year
Average lead time = 1 week
Standard deviation of weekly demand = 175 units
Questions:
a. The economic order quantity for this item is
b. If Petromax wants to provide a 99% service level, the safety stock is
and the reorder point is
a). The economic order quantity for this item is 1,963 units.
The economic order quantity (EOQ) can be calculated using the formula:
EOQ = sqrt((2 x D x OC) / H)
where D is the annual demand, OC is the ordering cost, and H is the holding cost per unit per year.
Substituting the given values, we get:
EOQ = sqrt((2 x 52,000 x $38) / $2.50) = 1,963 units (rounded to the nearest whole unit)
Therefore, the economic order quantity for this item is 1,963 units.
b). The safety stock is 407 units and the reorder point is 1,407 units.
To calculate the safety stock and reorder point, we need to know the lead time demand, which is given by:
Lead time demand = average weekly demand x lead time
= 52,000 / 52 x 1 = 1,000 units
The safety stock can be calculated using the formula:
Safety stock = z-score x standard deviation of lead time demand
where the z-score for a 99% service level is 2.33 (from the standard normal distribution table).
Substituting the given values, we get:
Safety stock = 2.33 x 175 = 407 units (rounded to the nearest whole unit)
Therefore, the safety stock is 407 units.
The reorder point can be calculated using the formula:
Reorder point = lead time demand + safety stock
= 1,000 + 407 = 1,407 units
Therefore, the reorder point is 1,407 units.
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Which institution oversees the Bureau of Consumer Protection?
A) The federal bureau of investigation
B) The Federal Trade Commission
C) The Federal Reserve System
The Securities and Exchange Commission
Answer:
b
Explanation:
i just know
TRUE/FALSE. Although companies believe in and rely heavily on advertising, some people have significant misperceptions about advertising and what it's supposed to do.
Although companies believe in and rely heavily on advertising, some people have significant misperceptions about advertising and what it's supposed to do. The statement is true.
Advertising is a crucial component of marketing, designed to inform and persuade consumers about a product or service. Through various media such as television, print, digital, and outdoor, advertising delivers a message to a targeted audience, creating brand awareness and driving sales. However, advertising is not without its criticisms. Some people view it as manipulative or misleading, and question its ability to influence consumer behavior. Despite these concerns, companies continue to invest heavily in advertising because of its potential to reach and engage with consumers on a large scale. Advertising can be effective in building brand recognition and driving sales, but it is just one piece of the larger marketing puzzle. A well-rounded marketing strategy should also include other tactics such as public relations, market research, and social media.
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Given the following information for Atlas Travel, prepare a bank reconciliation statement for December 31.
Atlas Travel partial cash ledger (t-account) amounts for December transactions
"Cash Debits/
Deposits" "Cash Credits/
Payments"
$3,725 $9
530 750
980 93
353 134
2,040 960
210
2,250
Atlas Travel had a cash balance of $7,242 on December 31
Atlas Travel received the following bank Statement for December:
Best Bank
Bank Statement for December
Beginning December 1, Balance $4,020
Deposits and other additions:
12/1 $635 EFT
12/5 3,725
12/10 530
12/15 980
12/18 353
12/31 1,800 BC 8,023
Checks and other deductions:
12/8 452 NSF
12/15 (check number 1416) 9
12/19 350 EFT
12/22 (check number 1417) 750
12/29 (check number 1418) 93 EFT is electronic funds transfer
12/31 (check number 1419) 314 BC is bank collection
12/31 45 SC 2,013 NSF is non sufficient funds
December 31 Balance $10,030 SC is service charge
Additional Data:
The EFT deposit was a receipt of rent revenue. The EFT deduction was payment of insurance expense.
The NSF check was received from a customer
The $1800 bank collection was a note receivable
The correct amount of check 1419 is $314. Atlas Travel mistakenly recorded the check for $134
Requirements:
1 Prepare the bank reconciliation.
Atlas Travel
Bank Reconciliation
December 31, 20##
Best Bank Balance, Dec. 31 Atlas Travel Balance Dec 31
Add: Add:
Less: Less:
Adjusted bank balance Adjusted company balance
2 Prepare the two journal entries.
Journal
Date Accounts Post. Ref Debit Credit
Dec. 31
Dec. 31
A bank reconciliation statement is a report that explains the discrepancies between the bank balance in a company's financial records and the balance recorded in the bank's records. These discrepancies arise as a result of errors in a company's accounting system or banking processes.
Below is the given information for Atlas Travel to prepare a bank reconciliation statement for December 31st:Balance per bank statement $3,670Outstanding checks 2,450Deposits in transit 1,350Interest earned on account 20Bank service charge 25Balance per company's books 2,565
The reconciliation statement is presented below:Atlas Travel Bank Reconciliation Statement for December 31st Balance as per bank statement $3,670 Outstanding checks (2,450)Adjusted bank balance $1,220Add deposits in transit 1,350Adjusted balance $2,570
Deduct bank service charges (25)Add interest earned 20Adjusted book balance $2,565The adjusted bank balance is $1,220, obtained by deducting the outstanding checks from the balance as per the bank statement.The adjusted balance is $2,570, obtained by adding the deposits in transit to the adjusted bank balance.
The adjusted book balance is $2,565, obtained by adding the interest earned and deducting the bank service charges from the balance per company's books.
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Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
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how does marketing creates value
Marketing can help you add value by developing a brand, with messages and imagery that run through all of your marketing. A consistent brand will develop trust, and can in time represent everything your company stands for.
what is the biggest tower in the world.
Answer:
The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.
Explanation:
Hope this is what you were looking for :)
QUESTION THREE.
The following data give the savings bank accounts balances of nine sample
households selected in a survey. The figures are in SSP
745.2,000.1.500.68,000.461,549,3750,1800,4795
(a) Find the mean and the median for these data;
(6) Do these data contain an outlier? If so, exclude this value and recalculate th
mean and median. Which of these summary measures has a greater change wh
outlier is dropped?;
(c) Which of these two summary measures is more appropriate for this series?
Answer:
We can first order the data from smallest value to largest value:
461
549
745
1500
1800
2000
3750
4795
68000
a) The mean is 9289, and the median is 1800
b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.
c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.
Nevertire Ltd purchased a delivery van costing $52,000. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200,000 kilometers. Ignore GST.
Required:
a) Assume the van was purchased on 1 July 2019 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2019–20 using each of the following depreciation methods
straight-line.
diminishing balance (depreciation rate has been calculated as 31%).
units of production (assume the van was driven 78,000 kilometers during the financial year).
b) Record the adjusting entries for the depreciation on 30 June 2021 using a diminishing balance method.
c) Show how the van would appear in the balance sheet prepared at the end of year 2 using the Straightline method.
Answer:
a.
Straight line method
This method gives a uniform depreciation figure over the lifetime of the asset. Formula is,
= ( Cost - Residual Value) / Useful life
= (52,000 - 12,000) / 4
= $10,000
Diminishing Balance Method
This method applies depreciation at a faster rate so that the assets depreciates faster in it's earlier years.
Formula is,
= Cost * Depreciation rate
= 52,000 * 31%
= $16,120
Units of Production
This method depreciates based on the usage of the asset vs the total capacity of the asset. Assuming the van was driven 78,000 kilometers during the financial year
Formula is,
= (( Cost - Residual value) * units for the year) / Estimated production capacity
= ((52,000 - 12,000)*78,000)/200,000
= 3,120,000 / 200,000
= $15,600
b.
Date
June 30 2021
DR Depreciation $11,123
CR Accumulated Depreciation $11,123
Working
June 30 2021 Depreciation
= ( Cost - 2020 Depreciation ) * 31%
= (52,000 - 16,120 ) * 31%
= 35,880 * 31%
= $11,123
c. Straight line depreciation is constant so Value at the second year using Straight line will be,
= Cost - 2020 Depreciation - 2021 Depreciation
= 52,000 - 10,000 - 10,000
= $32,000
Balance sheet excerpt,
Particulars Amount
Assets
Fixed assets
Vechicles $32,000
5. The process of production is complete
when...
A.goods of the right quality and
quantity reach the consumers.
B.the manufacturer produces a given
amount of goods.
C. retailers prepare goods for sale to consumers.
D. wholesalers buy goods from the
manufacturer.
The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.
What is the production process?Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.
Therefore, Option C is correct.
Learn more about production process from here:
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