In this instance, 90,000 units were put into production, and at the end of January, 20,000 units were 40% converted. The equivalent units of production for the units put into production must be added to the
Cost accounting uses the notion of equivalent units to quantify the amount of labour put in throughout a production process. It shows how many unfinished units of output might have been finished with the total quantity of resources spent. By adding the actual units finished and the percentage of work finished on partially finished units, equivalent units are computed. By allocating total expenses to the corresponding units generated, this idea is utilised to calculate the cost per output unit in a production process. It is especially helpful in processes where certain units are only half finished at the end of the time frame or when many inputs are needed to make the finished product.
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minstrel manufacturing uses a job order costing system. during the month, minstrel purchased $191,000 of raw materials on credit; issued materials to production of $212,000 of which $13,000 were indirect. minstrel incurred a factory payroll of $156,000, of which $23,000 was indirect labor. minstrel uses a predetermined overhead application rate of 150% of direct labor cost. if minstrel incurred total overhead costs of $194,000 during the month, compute the amount of under- or overapplied overhead: multiple choice $40,000 overapplied. $38,000 underapplied. $38,000 overapplied. $5,500 overapplied. $5,500 underapplied.
Factory Payroll $156,000,Indirect labor ($23,000),Direct labor $133,000 Direct materials $199,000,Direct labor $133,000,Applied overhead $199,500,Total manufacturing costs $531,500,Applied overhead [$133,000 Direct labor x 150%] $199,500
Manufacturing is the creation or production of goods using resources including equipment, labour, tools, chemicals, or biological formulas. It serves as the secondary sector of the economy's hub. [1] The expression can be used to represent a range of human endeavours, from handicraft to high-tech, but it is most usually associated with industrial design, which requires the extensive transformation of raw materials from the primary sector into finished goods. Such products may be sold to other manufacturers for the production of other, more complex products (such as aircraft, home appliances, furniture, sports equipment, or computers) or distributed through the tertiary industry to end users and consumers (typically through wholesalers, who in turn sell to retailers, who in turn sell to consumers).
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total compensation strategies describe the use of benefit and compensation packages in order to support both hr and competitive strategies? question 10 options: true false
True, Total compensation strategies refer to the utilisation of benefits and pay scales to support both human resource and business objectives.
A compensation strategies is the way your firm manages benefits and pay. This involves choosing pay scales, the formulae used to calculate raises and incentives, and the benefits you want to offer your staff. Your compensation plan should take into account the needs of your business, the culture you want to create, and market trends. How your organisation will compensate its employees is described in a compensation strategy. It describes the procedures followed to determine remuneration as well as the categories of perks offered to employees, such as basic pay and non-cash benefits. A compensation plan explains how a firm pays its employees, as opposed to a company values, which defines why an organisation provides its personnel. To be effective, a compensation strategy must be in line with the objectives, business plan, and corporate culture of your organisation.
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item8 item 8 specialty products incorporated, has the following inventory account balances and related manufacturing cost flow information for the month of march: raw materials, march 1 $ 40,000 raw materials, march 31 $ 50,000 work in process, march 1 $ 90,000 work in process, march 31 $ 80,000 finished goods, march 1 $ 136,000 finished goods, march 31 $ 124,000 raw materials purchased ? raw materials used $ 150,000 direct labor incurred ? manufacturing overhead incurred $ 240,000 cost of goods manufactured $ 600,000 cost of goods sold ? direct labor incurred in march is:
Option A. Raw Material Purchases = Raw materials used + Ending raw materials - Beginning raw materials
= 75,000 + 25,000 - 20,000 =$80,000
Raw materials are materials or substances used/utilized in the primary production or manufacture of goods.
Commodities that are traded on commodity exchanges/interchage around the world. Firms buy and sell commodities on the factor market because commodities are the factors of production.
Raw materials are used in a wide variety of products and can take many forms. Raw materials are the inputs or supplies that a company needs to manufacture a product.
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Complete question:
SurfsUp Specialty Products has the following inventory account balances and related manufacturing cost flow information for the month of October:
Raw Materials, October 1 $20,000
Raw Materials, October 31 $25,000
Work in Process, October 1 $45,000
Work in Process, October 31 $40,000
Finished Goods, October 1 $68,000
Finished Goods, October 31 $62,000
Raw materials purchased ?
Raw materials used $75,000
Direct labor incurred ?
Manufacturing overhead incurred $120,000
Cost of goods manufactured $300,000
Cost of goods sold ?
Raw materials purchased in October is:
A. $80,000
B. $90,000
C. $5,000
D. $70,000
how do your calculations of the cpi for the retired person and the college student compare to the overall cpi?
The overall consumer price index is 239.4, while the retired person's overall CPI is 359.53 and Overall CPI for college student = 12.14 + 37.20 + 38.92 + 0 + 98.76 + 23.44 = 210.46 .
What distinguishes college students' CPI from that of retired individuals?We can see that the CPI will overstate the rise in the cost of living for the retired person and understate it for the college student when compared to the CPI as a whole, which is 239.4.
This is due to the fact that the CPI is based on a predetermined market basket that may not accurately reflect the spending habits of particular individuals or groups. In this instance, the market basket of the retired person is heavily skewed toward medical care, which has a higher rate of inflation than other categories, while the market basket of the college student is heavily skewed toward education, which has a lower rate of inflation.
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when the purchase of insurance is investigated, the words to look for in the insurance contract that means the premium cannot be increased at renewal time are:
The premium cannot be increased at renewal time are noncancelable clause
As long as the customer continues to pay the premiums, a noncancellable insurance policy cannot have its benefits reduced, its premiums raised, or its payments cancelled. Be careful to look for a noncancellable insurance with a guaranteed renewal when applying for life or long-term disability. No matter how the policyholder's income changes, a noncancellable insurance assures that the provider will keep paying the full disability benefit that was originally agreed upon. The noncancellability provision in an insurance contract forbids the insurer from dismissing the policy after such an insured suffers a loss if the payment has already been made. Another word for noncancelable is noncancelable. Although noncancelable is a different way of spelling lang=en, it cannot be changed. This is the distinction between the adjectives noncancelable and noncancelable.
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Preparation of a bank ______ helps maintain control of cash accounts.
Companies have a cash book to track different transactions. As a record for double-checking the bank statement. Reconciliation is the process of comparing the two records.
It verifies the miscalculations and records them in BRS. also, conciliation is done each month to keep the two records in balance. also, conciliation highlights any implicit differences that, if excluded, could profit a company. There are multitudinous issues that arise in a company's cash record that need to be fixed. That's what conciliation does for it. So let's examine bank conciliation statement medication in further detail. For a cash account, a bank conciliation statement is just as important as a bank statement. It's vital to enter the necessary adaptations in order to declare the cash book and bank statement records error-free. likewise, some arbitrary crimes, similar as inaptly noting data entries,etc., might not be corrected.
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what is the future value of $628 to be deposited today into an account paying 8.0% compounded semi-annually for two years?
Present value = $628
Interest 8% per annum
=4% compounded semi-annually
Time = 2 years
2 years = 2×2 = 4 semi-annual
Future value = Present value ×(1 + Interest)[tex]time[/tex]
=$628×(1 + 0.04)⁴
Future value =$734.67
What Is Future Value (FV):The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
Investors can make wise investment choices based on their projected demands by knowing the future worth. However, external economic forces that depreciate an asset's value, such inflation, might have a negative impact on the asset's future worth.
Future Value Using Compounded Annual Interest:
FV=I×(1+R)Τ
where:
I=Investment amount
R=Interest rate
T=Number of years
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which of the following policies would lead to greater productivity in the cloud computing industry? check all that apply. imposing a tax on servers sharply increasing the interest rate on student loans to people pursuing advanced degrees in cloud computing subsidizing research and development into new cloud computing technologies encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts
In the cloud computing industry policies were Subsidizing research and development into new fishing technologies & encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts. The correct option is (C, D).
What do you mean by cloud computing industry?With pay-as-you-go pricing, cloud computing provides IT resources on demand over the Internet.
In asset-intensive industries like manufacturing, telecommunications, mining, construction, waste and water management, and energy generation and distribution, cloud computing is a general name for cloud technology.
Scalable resources made available by cloud computing help businesses save money.
Therefore, to lead to greater productivity in the cloud computing industry policies were:
Subsidizing research and development into new fishing technologies.Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts.To know more about the cloud computing industry, visit:
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What is the rule of demand in economics?
The law of demand holds that, all other things being equal (cetris peribus), the relationship between price and quantity demanded for any item or service is inverse.
According to the law of demand, the connection between price and quantity desired for any good or service is inverse, all other factors being equal (cetris peribus). The law of demand explains how consumers make decisions in response to price changes. If all other factors that affect demand stay constant, there is less market demand for a thing as its price rises. People naturally make purchases in this manner. Because they are worried about running out of money, customers are reluctant to spend additional money, which results in this. In other words, the amount requested decreases as the price increases. Because of declining marginal utility, this happens.
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Which is good advice for personally interviewing sources for aspeech?Question 6 options:a)Allow the interviewee to give you reliable background statistics. b)Expect at least an hour for the interview. c)Use general questions so that the interviewee feels free to talk. d)Be sure to choose someone with first-hand, especially professional, experience of the topic
The right answer is (d). Pick someone with first-hand, preferably professional, experience with the issue when personally interviewing sources for a speech.
Pick someone with first-hand, preferably professional, experience with the issue when personally interviewing sources for a speech. The right answer is (d). The interviewee you choose for your speech should be knowledgeable and experienced in the subject matter, as this will result in more insightful and reliable answers. Interviewees may not always have accurate background information, and utilising generic questions may not yield enough particular data, making options (a) and (c) wrong. Option (b) might not be required since how much information you need from the candidate will determine how long the interview will last.
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copyright is an intellectual property protection that is available to: responses unpublished works unpublished works both published and unpublished works both published and unpublished works only works produced by business entities only works produced by business entities published works
Copyright is an intellectual protection that grants exclusive rights to the creator of an original work to control how it is used, and is available to both published and unpublished works, and it is not limited to works produced by business entities.
Copyright protection is available to both published and unpublished works. A work is considered published if it has been made available to the public in any form, such as by selling, distributing, or displaying it. Unpublished works are those that have not been made available to the public in any form.
Copyright protection is not limited to works produced by business entities. It applies to any work that is original and fixed in a tangible medium of expression, including those created by individuals, groups, or organizations.
Therefore, copyright protection is available to both published and unpublished works, and it is not limited to works produced by business entities.
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fabiola is an accountant with rovers and associates, a law firm in downtown memphis. the firm maintains a checking account with portris bank for its operating expenses. on the 7th of every month, fabiola gets an inventory report from the office manager listing the office supplies that are needed. fabiola places the appropriate orders with office depot and writes them a check against the office's checking account.in the above banking transaction, rovers and associates is the .group of answer choices
Rovers & Associates is a downtown Memphis legal office that keeps a checking account with Portris Bank for its operational expenditures. As the legal firm's accountant.
Fabiola is in charge of managing the firm's financial activities, which include buying office supplies from Office Depot and writing checks against the firm's bank account to pay for the goods. Rovers and Associates may conveniently manage its financial operations, deposit and withdraw money, and keep track of its spending by having a checking account with Portris Bank. Writing checks against the checking account lets the company to pay for its running expenditures, such as office supplies, rent, and utilities, while also keeping an orderly record of its spending.
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rory has purchased a product from an insurance company that requires the insurance company to pay him $5,000 each year, and he will continue to receive these payments until he dies. this series of payments is called
The sequence of payments that Rory will get from the insurance company is termed an annuity.
An annuity is a financial product designed to deliver a guaranteed stream of income to an individual or institution over a period of time. A flat sum of cash or a series of payments made over time can be used to buy an annuity. The annuity's payments may be fixed or variable, and they may last for a certain amount of time or the remainder of the annuitant's life. Because it can offer a dependable stream of cash flow during retirement, an annuity is frequently utilised to supplement retirement income. A common instrument for retirement planning is an annuity, which can be acquired through an insurance company or financial institution.
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what function of money is highlighted when i am depositing a portion of my paycheck into my savings account to pay for my child's future education?
In this case, the function of money is highlighted as a store of value.
Any item or asset that typically retains its purchasing power over a time period is considered as a store of value. A store of value serves the purpose of being an asset that can be saved, retrieved, and exchanged at a later time in future. When retrieved, the item or asset will serve a predetermined purpose.
Money, currency, or a commodity like a precious metal or financial capital have been the most popular stores of value as in modern times. Any store of value serves as a tool for risk management because of the underlying steady demand of assets.
A lot of money is kept in reserve because it serves as a store of value. If there are significant changes in the general level of prices, money's usefulness as a store of value diminishes. Therefore, if inflation increases, purchasing power decreases and those who hold money pay a price.
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if you are filing your tax return as an individual, you will need to itemize your taxes if?
If your allowable itemised deductions exceed your standard deduction or if you are required to itemise deductions because you are not eligible for the standard deduction, you should itemise your deductions. By itemising deductions on Schedule, Itemized Deductions.
You might be able to lower your tax. When you itemise deductions, you are outlining costs that will subsequently be deducted from your taxable income in order to lower it. In order to maximise your tax benefits, itemising is a useful strategy if the total amount of your expenses for the year exceeded the value of the standard deduction.
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analysis of a subject property's pro forma reveals that its seventh-year net operating income (noi) is projected to be $241,282 (you can assume that this cash flow occurs at the end of the year). if you estimate the projected rental growth rate for the property to be 3.5% per year and the going-out capitalization rate in year 7 to be 9%, determine the net sale proceeds the current owner of the property would receive if he were to sell the property at the end of year 7 and incur selling expenses that amounted to $108,300.
The current owner of the property would receive net sale proceeds of $2,572,722.22 if they were to sell the property at the end of year 7, after incurring selling expenses of $108,300.
As per the question given,
To determine the net sale proceeds, we need to first calculate the property's value at the end of year 7 using the going-out capitalization rate and the NOI in that year.
The formula to calculate the property's value at year 7 is:
Value = NOI in Year 7 / Going-Out Cap Rate
Value = $241,282 / 0.09
Value = $2,681,022.22
Next, we need to estimate the selling expenses, which are given as $108,300.
Finally, we can calculate the net sale proceeds by subtracting the selling expenses from the property's estimated value in year 7:
Net Sale Proceeds = Value at Year 7 - Selling Expenses
Net Sale Proceeds = $2,681,022.22 - $108,300
Net Sale Proceeds = $2,572,722.22
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when chinese e-commerce company alibaba sold company stock in public markets for the first time, it was called
The concept is an IPO, which is the first public sale of a company's issued shares.
An initial public offering, or share immolation, is a public immolation in which a company's shares are vended to institutional investors and generally also to retail investors. An IPO is generally capitalized by one or further investment banks, which also list the shares on one or further stock exchanges.
The transition from a private company to a public company can be an important time for retail investors to completely realize their investment returns, as it generally involves an original charge for being retail investors.
private companies work with investment banks to make their stock public, taking a tremendous quantum of due industriousness, marketing and nonsupervisory conditions.
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one notably distinguishing feature of medieval chant is its _______ texture.
Medieval chant is notable for its monophonic texture, which is one of its key characteristics.
What's really monophonic and how does it work?Monophony is a fundamental component of almost all music and served as the main texture for Western music up to the Middle Ages. The songs of French troubadours and trouvères, Byzantine & Gregorian chants, German minnesingers, and meistersingers, among others, are examples.
What characteristics of music are monophonic?Monophonic. Without no harmony or counterpoint, monophonic music only has one melodic line. Although there is simply one line with distinct pitches, there could be rhythmic accompaniment. You can also refer to monophony as monophonic music.
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rakeesha believes in making every moment count. in addition to owning a successful business, she is busy coaching her daughter's little league team and volunteering at her mom's senior center. what type of challenge stressor best describes rakeesha's experience? multiple choice question. role ambiguity financial uncertainty role conflict family time demands need help? review these concept resources. rate your confidence to submit your answer. weava logo
Rakeesha believes in making every moment count. in addition to owning a successful business, she is busy coaching her daughter's little league team and volunteering at her mom's senior center. role conflict challenge stressor best describes rakeesha's experience.
Role overload stressors can be used to characterise Rakeesha's c. This is due to the fact that she is balancing a variety of roles and obligations in her personal and professional lives, which can result in feelings of overcommitment and overload. People who feel they must balance their many expectations and obligations with finding balance and managing the stress that comes with them frequently experience this kind of challenging stressor.
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many companies have been fined for violating regulations or laws such as those against insider trading. a company can encourage ethical behavior by offering a code of ethics as a guideline to help employees make better decisions. which statement is true regarding the advantages of a company code of ethics?
Provides an effective internal control of behavior is true regarding the advantages of a company code of ethics
a code of ethics sets forth values, ethical principles, and ethical standards to which professionals aspire and by which their actions can be judged. Social workers' ethical behavior should result from their personal commitment to engage in ethical practice. The NASW Code of Ethics reflects the commitment of all social workers to uphold the profession’s values and to act ethically. Principles and standards must be applied by individuals of good character who discern moral questions and, in good faith, seek to make reliable ethical judgments.
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what is the pay rate at a factory where the average worker makes 25 units per hour, works an eight-hour shift and the direct labor cost per unit is $0.75?
The pay rate at a factory where the average worker makes 25 units per hour, works an eight-hour shift and the direct labor cost per unit is $0.75 is given as $1.95 per hour
How to solve for the payTo calculate the pay rate at a factory, we need to use the following formula:
Pay rate = (Total units produced x Direct labor cost per unit) / (Number of workers x Hours worked)
Using the information provided in the question, we can calculate the pay rate as follows:
Total units produced in 8 hours = 25 units per hour x 8 hours = 200 units
Direct labor cost per unit = $0.75
Therefore, total labor cost for producing 200 units = 200 units x $0.75 per unit = $150
Assuming that there is an average of one worker per hour, the number of workers for an 8-hour shift is 8. So, we can substitute the values in the formula:
Pay rate = ($150) / (8 workers x 8 hours) = $1.95 per hour
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Which stakeholders are the focal point of all marketing activities?
a. Regulators
b. Suppliers
c. Employees
d. Communities
e. Customers
The stakeholders that represent the focal point of marketing activities are the customers. The correct answer is e. Customers.
Customers are the focal point of all marketing activities because they are the ones who purchase and use the products or services offered by a company.
Marketing activities are designed to attract, retain, and satisfy customers in order to generate revenue and maintain a competitive edge in the marketplace. Without customers, a company cannot survive and therefore they are the most important stakeholders in any marketing strategy.
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A core competency can help a company achieve which of the following? (Check all that apply.)A) to offer products of comparable value at lower cost than rivals canB) to differentiate its products and servicesC) to reduce the wages of its employeesD) to create higher value for the consumer
to provide comparable products at a lower cost than competitors
to differentiate its products and services
to create higher value for the consumer
Thus, options A, B, and D are correct.
What is a company?A company can be defined as a component that is associated with a goal that must be achieved. It engaged in the operation of a business. It has a limited liability as well as holders in this particular.
It is necessary to create higher value for the customer and defeat the product and services that are rendered as well as compare the product with the competitor company that would help them to grow.
Therefore, options A, B, and D are correct.
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If the price of a good is equal to the equilibrium price. a.there is a shortage (i.e, an excess demand) and the price will fall. b. the quantity demanded is equal to the quantity supplied and the price remains unchanged c. there is a surplus (i.e, an excess supply) and the price will rise. d. there is a shortage (i.e. an excess demand) and the price will rise
If the price of a good is equal to the equilibrium price, then the quantity demanded is equal to the quantity supplied.
This means that there is no excess demand or excess supply in the market, and the price will remain unchanged. Equilibrium price is the price at which the quantity demanded of a good is equal to the quantity supplied. At this price, there is no pressure for the price to change, as the market has adjusted to balance supply and demand. When the price is above the equilibrium price, there is a surplus (i.e., an excess supply) and the price will fall, while if the price is below the equilibrium price, there is a shortage (i.e., an excess demand) and the price will rise. So, if the price of a good is equal to the equilibrium price, the answer is b: "the quantity demanded is equal to the quantity supplied and the price remains unchanged."
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what is the lowest coupon rate you could suggest that you would expect the bond to not trade at a discount?
The lowest coupon rate you could suggest that you would expect the bond to trade at would be one that pays little coupons over its life but needs a significant payment of principal at maturity.
Bond prices increase when a coupon is more than the current interest rate; prices decrease when a coupon is lower.
The longest durations are typically seen in bonds with extended maturities and low coupons. These bonds are more volatile in a rate environment where interest rates are fluctuating because they are more susceptible to changes in market rates. Bonds with longer durations will be those with longer maturity dates or larger coupons. The yield to maturity of the bond will be greater than its coupon rate if the investor buys it at a discount.
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the term competency has become increasingly important in hr practice because of the changing nature of work. competencies build upon the use of knowledge, skills, and abilities, which we describe with job analysis. a competency refers to an individual's capability to orchestrate and apply combinations of knowledge and skills consistently over time and to perform work successfully in required work situations. traditionally, work has been described by many dimensions including knowledge, skills, and abilities. although this is largely still the case, hr and compensation professionals have embraced the ideas of competencies as the field has increasingly taken on strategic importance. question 3 options: true false
The term "competency" has gained importance in HR practice due to the changing nature of work.
Competencies go beyond knowledge, skills, and abilities, which are described through job analysis, and refer to an individual's ability to consistently apply combinations of knowledge and skills over time in various work situations. While work has traditionally been described using dimensions like knowledge, skills, and abilities, the field of HR and compensation has increasingly embraced the idea of competencies, as it has become more strategically important.
Competencies are the information, abilities, capacities, and ways of behaving that add to individual and hierarchical execution. Information will be data created or learned through experience, study or examination. Expertise is the aftereffect of over and again applying information or capacity. Capacity is an inborn potential to perform mental and actual activities or undertakings. Conduct is the recognizable response of a person to a specific circumstance. The objective capability level for every skill will differ in view of a singular's situation and the association's requirements
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9. don likes to have lunch with his coworkers every day, and they usually take a longer lunch break than the company allows. what are don and his coworkers doing?
Don and his coworkers are likely engaging in unlawful behavior, as taking longer lunch breaks than the company allows is likely a violation of company policy.
The company's policy is to provide employees with a safe and supportive work environment. This includes ensuring that employees have access to proper training and resources, providing a fair and equitable work system, and creating a culture of respect and inclusion.
Additionally, the company is committed to providing a safe workplace by following safety regulations, offering appropriate protective equipment, and ensuring that employees are aware of safety protocols.
The company also ensures that employees are treated fairly and with respect, and that proper channels are in place to address any complaints or concerns. Depending on the company's policy and the severity of the violation, there may be legal consequences for Don and his coworkers.
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a customer places an order to buy 100 shares of abc at the market. the broker enters the order and receives a report of execution shortly thereafter. ten minutes later, the customer telephones, and states that he placed the order in error and wishes to cancel the order. the appropriate procedure is to: a follow the customer's instructions and cancel the order b sell out the position and charge any loss to the customer c explain to the customer that the order has already been executed and is binding d assign the order to another customer who has a discretionary account
C. Explain to the customer that the order has already been executed and is binding.
When a customer places an order to buy or sell securities at the market, it means the order is to be executed immediately at the best available price. In this scenario, the broker received an execution report shortly after placing the order, which means that the order has been filled, and the trade has been executed. Once the trade has been executed, the order is considered binding, and it cannot be canceled unless there are extenuating circumstances, such as errors or fraud.
In this case, the customer contacted the broker to cancel the order, but the broker should explain to the customer that the order has already been executed and is binding. The broker should also remind the customer of the risks involved in placing market orders and encourage them to review their orders carefully before submitting them in the future.
It is not appropriate to follow the customer's instructions and cancel the order since the order has already been executed. Selling out the position and charging any loss to the customer or assigning the order to another customer who has a discretionary account are also not appropriate actions in this situation.
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in 2001 an outbreak of hoof-and-mouth disease in europe led to the burning of millions of cattle carcasses. what impact would you expect this event to have on the following? a. the supply of cattle hides: decrease b. hide prices: increase c. the supply of leather goods: decrease d. the price of leather goods: increase
The supply of cattle hides will decrease impact would you expect this event to have on the following.
Do you think this affected the availability of cattle hides?
Due to the fact that leather products are created from cow skins, a drop in the supply of cow hides will result in a decline in the market's supply of leather products.
Keeping demand constant while there is a decrease in the supply of leather goods on the market causes the supply curve to shift to the left, which raises the price of leather goods.
What functions do cattle serve?
Cattle are frequently raised as livestock for their hides, which are used to produce leather, for their milk, which is used to make meat (beef or veal; see beef cattle), and for these purposes.
They are employed as draft animals and riding animals (oxen or bullocks, which pull carts, plows and other implements).
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Iwasaki's position in the letter on the relationship between the Mitsubishi Company and the Japanese government is most clearly a response to
A. Western governments gaining access to Japan's markets by imposing laissez-faire economic regimes
B. Japan's policy of strict economic isolation and restricting cultural contacts with the West
C. concerns that Japan's aggressive economic and foreign policies were jeopardizing relations with its East Asian neighbors
D. the prospect that the development of domestic shipping might lead to a war between Japan and Western countries
Option A is correct. Iwasaki's position in the letter on the relationship between Mitsubishi Corporation and the Japanese government is clearly a reaction to Western governments seeking access to Japanese markets by imposing laissez-faire economic regimes.
Economy refers to the management, production, and exchange of goods, services, and resources. This includes the study of how individuals, firms, governments, and societies manage their resources to produce goods and services, and how those goods and services are exchanged for money and other resources.
Economics is a broad field that studies how people make decisions and interact to create, distribute and exchange goods and services. It also examines how markets, governments, and other institutions influence the decisions of individuals and businesses. Source 1 rejects the idea because it poses a threat to multinational empires, while Source 2 rejects the idea because of the universal and balanced nature of its claims.
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