As the service level increases, the probability of not running out of stock during a cycle decreases. This statement is TRUE.
What is service level?
The cycle service level in supply chain is the anticipated likelihood that a stock-out won't occur during the subsequent replenishment cycle, and as a result, it is also the likelihood that sales won't be lost. The lead time is inherently related to the cycle duration. The probability of being able to meet client demand without experiencing a backorder or missed sale can also be used to define service level. While a 100% service level—that is, serving every customer all the time—might seem ideal, it is typically not a practical choice.
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which of the following statements is true of a company's right over its employees' electronic communication?
The correct answer to the given question is option D: A company technically owns its employees' electronic communications
Electronic communication can take many different forms. Some examples include email, instant messaging, websites, blogs, text messaging, voicemail, and video messaging. Business communication has altered as a result of electronic communication.
The federal Stored Communications Act safeguards electronically stored information, including wire and electronic communications that are meant to remain private. The Stored Communications Act would not prevent an employer from accessing communications held on employer-provided wire or electronic communications services (such as emails) in a way that is compliant with the firm's own policies that are openly communicated to employees.
which of the following statements is true of a company's right over its employees' electronic communication?
a. A company cannot intercept its employees' electronic communications.
b. A company cannot use its employees' electronic communication to determine legitimate business use.
c. A company can monitor its employees' electronic communications without consent
d. A company technically owns its employees' electronic communications
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which of the following are manufacturer-owned facilities that carry inventory and provide sales and services to customers
Sales Branches are manufacturer-owned facilities that carry inventory and provide sales and services to customers.
What are Sales Branches?A branch office is a location where a company does business apart from its main location.
The majority of branch offices are made up of more compact divisions of various business functions including marketing, accounting, and human resources.
Generally speaking, strategy, marketing, finances, human resources, technology and equipment, and operations make up the six functional areas of business management.
Because it's less interesting than developing a product or offering a service, many new business owners engrossed in the exhilarating environment of starting their own company neglect such crucial pre-planning.
Pre-planning, however, considerably increases the likelihood of success because around 80% of firms fail within five years, usually because they were not planned and managed efficiently.
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If Congress engages in contractionary fiscal policy, we can expect that
a. the short-run Phillips curve will shift left.
b. the short-run Phillips curve will shift right.
c. the long-run Phillips curve will shift right.
d. there will be a movement to the right along the short-run Phillips curve.
e. there will be a movement to the left along the short-run Phillips curve.
The short-term Phillips Curve moves to the right if anticipated inflation rises.
The rise in product and service prices is referred to as inflation. The purchasing power may tend to decline in a nation with inflation. Based on the notion that the short-term Phillips Curve will move to the right, an increase in inflation can often have an impact on the demand curve. An illustration of the correlation between inflation and unemployment is the Phillips curve. In the short run, unemployment and inflation have opposite relationships. According to the Phillips curve, rising inflation is a price to be paid for achieving economic growth. Low unemployment is associated by economic growth. Long-term trade-offs between unemployment and inflation do not exist.
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In MS Word, when using the drop-down menu for the Find Feature, which option can
be found?
In MS Word, when using the drop-down menu for the Find feature, we can find the Developer tab option.
What is the Developer tab?
The developer tab, which is a built-in tab, provides the features needed to use Visual Basic for Application(VBA) and perform a macro operation.
The tab is disabled by default. It must be enabled first in the options section on the File menu to make it visible on the toolbar.
The developer tab is usually hidden by default, and the user needs to activate it from the options section.
The developer tab is the place to go when we want to do or use the following : write Macros. Run Macros that is previously recorded.
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From year one to year two the ratio of sales to fixed assets declined significantly. This is a possible indication that:
a. The client is over depreciating fixed assets
b. The client is capitalizing costs that should be expensed
c. The client has used debt to finance acquisitions of fixed assets.
d. The client has treated capital leases as operations leases.
The decline of sales to fixed assets ratio is a possible indication that b) the client is capitalizing costs that should be expensed
A sale is an exchange of goods or services for a predetermined amount of money. An asset that cannot be readily converted into cash is referred to as a fixed asset in accounting. Long-lived assets, property, plant, and equipment are other names for it. Current assets, which include liquid assets like cash and bank accounts, are different from fixed assets. The sales to fixed asset ratio, a measure of asset utilization, can be used by investors to determine how well a company utilises its assets to generate revenue. This ratio shows how frequently the corporation transfers its fixed assets on an annual basis.
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Suppose a young chef who recently graduated from culinary school in Cuba looks for work at local restaurants but is unable to find a job. After months of searching, she gives up on securing a traditional job and instead decides to offer cooking classes in her apartment, teaching American tourists how to prepare traditional Cuban dishes. She is unable to secure a license for her business, so she operates on a cash-only basis, not reporting her income to the government.
a. While searching for a job in a local restaurant, the chef
b. Two months after giving up her job scarch, thc ch
She operates on a cash-only basis, not reporting her income to the government is :
a. The chef should report her wage from cooking classes held at her apartment.b. The chef ought to proceed and attempt to extend her cooking classes by announcing her income.c. She began gaining and attempting to secure the permit to urge a job.The Federal government consists of three wonderful branches: legislative, executive, and judicial, whose powers are vested by using the U.S. charter in the Congress, the President, and the Federal courts, respectively.
Governments are necessary because they maintain law and order. laws are important for society to characteristic. lifestyles in a society without legal guidelines might be dangerous and unpredictable.
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a political leader suggesting that an economic downturn will be cushioned automatically is referring to ______
A political leader suggesting that an economic downturn will be cushioned automatically is referring to automatic actions from tax policy and spending policy.
What is meant by economic downturn?A series of economic events, such as disruptions in the supply chain, a financial crisis, or a global disaster, can lead to a recession. After an inflationary phase, a recession may also begin.
In a recession, both large and small businesses see a fall in sales and profits. They may reduce spending on marketing, research, and capital expenditures as part of their cost-cutting measures. Recessions may restrict access to financing, hinder collections, and encourage corporate bankruptcy.
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Which of the following is an example of a raw material that would be used in the production of a physical product?
a. Steel sheets b. Paper c. Plastic d. Timber e. Gasoline
Timber is an example of a raw material that would be used in the production of a physical product.
What is a physical product?An item that can be physically handled and transported to the buyer after purchase is referred to as a physical good. Clothing, accessories, and other tangible objects are examples of physical products that you can sell to clients. Tables, chairs, laptops, smartphones, and other tangible items are examples of physical products. Because a tangible product's purpose is typically obvious and simple to explain, it is much simpler to show its worth and higher value perception.
Physical goods are actual and palpable. They are frequently connected to a higher perceived worth as a result. Convenience goods, shopping goods, specialty goods, and unsought goods are the four categories of items, and each is categorized based on consumer preferences, pricing, and product features.
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which of the following is a market entry strategy in which independent companies form a partnership to collaborate in the foreign market but do not invest in each other?
Alliance strategy is a market entry strategy in which independent companies form a partnership to collaborate in the foreign market but do not invest in each other.
A strategic alliance is an agreement between two or more parties to work together to achieve a certain set of goals while still operating as independent businesses. The alliance is a cooperative or synergistic effort in which each member anticipates that the benefits of the alliance will outweigh the results of their separate efforts. Technology transfer, economic specialization, shared costs, and risk sharing are common elements of alliances. A strategic alliance is typically formed between two enterprises when they each have one or more company assets or skills that will benefit the other by advancing their respective industries.
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Indicate how each of the following transactions affects U.S. exports, imports, and net exports. Transaction Effect On... U.S. Exports U.S. Imports U.S. Net Exports An American art professor spends the summer touring museums in Europe. Your parents go on a trip to Japan in late March for the Cherry Blossom season. Your uncle buys a new Volvo. The student bookstore at Yale University sells books published by Cambridge University Press. Your parents buy a bottle of French wine from a local wine store.
The following transactions will be explained with their effect on the economy's import and export.
A professor spends the summer touring museums in Europe:
Here, the American art professor is spending his American dollars on European goods/services (touring museums), which then means the U.S. imports rises and net exports fall.
When parents go on trip to Japan in late March for the Cherry Blossom season:Here, as our parent go on a trip to Japan in late March for the Cherry Blossom season, then, the country import increase while the net export fall.
Your uncle bought a new Volvo:My uncle is American, so he would use dollars to buy a foreign car. Here, the purchase of new vehicle means an Increase in the import and unchanged export.
The student bookstore at Yale sell books published by Cambridge University Press:Here, the student is selling the American Levi's to people at Oxford University in London, which then means that both the U.S. exports and net exports will rise.
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Hilton International is considering investing in a new Swiss hotel. The required initial investment is $1.5 million (or SFr 2.38 million at the current exchange rate of $0.63 = SFr 1). Profits for the first ten years will be reinvested, at which time Hilton will sell out to its partner. Based on projected earnings, Hilton's share of this hotel will be worth SFr 3.88 million in ten years.
a. What factors are relevant in evaluating this investment?
b. How will fluctuations in the value of the Swiss franc affect this investment?
c. How would you forecast the $:SFr exchange rate ten years ahead?
a)This present value figure should then be compared to $1.5 million, the current cost of the investment (2,380,000 x .63), b)Thus, if PPP holds, nominal currency changes shouldn't affect Hilton's Swissinvestment;c) using nominal interest differentials between U.S. and Swiss bonds with maturities of tenyears; (2) project relative price levels changes in Switzerland and the U.S, Hilton International is considering investing in a new Swiss hotel.
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on. By depositing funds into an online investment account, which can then be used to purchase shares of stock or stock mutual funds, beginners can learn how to invest in stocks in one of the finest ways possible. You can open a brokerage account and begin investing with as little as one share.
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place the steps in the pdca cycle in order, with the first step at the top and the final step at the bottom.
The PDCA cycle in order:
Plan desiredDo implementAct on lessons learnedCheck or Observe what happenedPlanning, doing, checking (or researching), and acting is the four steps that make up the PDCA/PDSA cycle. For problem-solving and change management, it offers a straightforward and efficient method. The model can be used to test improvement strategies on a small scale before revising working methods and processes. PDSA cycle is based on four stages: plan, do, check, and act. To adapt to market changes, improve efficiency, boost productivity, and meet the needs of your customers, having a method is required.
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On June 30, Collins Management Company purchased land for $400,000 and a building for $560,000, paying $360,000 cash and issuing a 5% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $30,000 on the principal plus the interest accrued from the date of the preceding payment. Journalize the entry to record (a) the transaction on June 30, (b) the payment of the first installment on December 31, and (c) the payment of the second installment the following June 30. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles.
The journal entry of the transactions are -
Part a) June 30th
Land Dr. $400000
Building Dr. $560000
Cash $360000
Note payable $600000
(being land and building purchased)
Part b) December 31st
Note payable Dr. $30000
Interest (600000 * .05 * .50) Dr. $15000
Cash Cr $45000
(Being installment paid)
Part c) June 30th
Note payable Dr $30000
Interest ($570000 * .05 * .50) Dr $14250
Cash Cr $44250
(Being installment paid)
Journal entry- A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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Which statement is most appropriate to include in the closing of a cover message?
A. Of course, I am the best candidate for this position. Your company would be lucky to have me as an employee. My three years of experience in a fast-paced office environment, my practiced organizational skills, and my attention to detail more than qualify me for this position. Please call me at (435) 555-3642.
B. Thank you for giving me the opportunity to briefly present my qualifications. I am confident my skills and experience will benefit your company. I hope you will call me soon so we can talk. I can be reached at (435) 555-3642.
C. My three years of experience in a fast-paced office environment, my practiced organizational skills, and my attention to detail will benefit your company. If you see that my qualifications are a match to the position, please call me at (435) 555-3642 before 9 a.m. or after 4 p.m. for an interview.
What tips should you remember when creating a successful cover message? Check all that apply.
A. Use I statements as much as possible.
B. Make yourself the subject of your sentences.
C. Print it on high-quality paper.
D. Use a block-letter style.
My three years of experience in a fast-paced office environment, my practiced organizational skills, and my attention to detail will benefit your company. If you see that my qualifications are a match for the position, please call me at (435) 555-3642 before 9 a.m. or after 4 p.m. for an interview.
Tips you should remember when creating a successful cover message is that you use a block-letter style.
Company is a prison entity shaped by means of a group of individuals to engage in and function a commercial enterprise—business or business—organization. A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
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Which of the following is an example of a contractionary fiscal policy? a) Sending taxpayers a $600 rebate. b) Cutting spending on the military. c) Building a new interstate highway. d) Icreasing federal spending on renovating college campuses.
The correct answer is (b) i.e. Cutting spending on the military. An example of contractionary economic policy may be once the govt. decides to decrease government defrayal. Meaning, that government programs, just as the forest service, attention advantages, or the military, can receive less funding.
Governments interact in contractionary economic policy by raising taxes or reducing government defrayal. In their crudest kind, these policies siphon cash from the personal economy, with hopes of swiftness down unsustainable production or lowering quality costs.
A contractionary financial policy may be a kind of financial policy that's supposed to scale back the speed of financial growth to fight inflation. an increase in inflation is taken into account as the first indicator of a hot economy, which may be the result of extended periods of the economic process.
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superseded codification guidance (in asc 605-10) sets forth the broad principle that revenue should be recognized _____.
Superseded codification guidance (in asc 605-10) sets forth the broad principle that revenue should be recognized if it is both realized/realizable and earned.
GAAP is identified via the FASB to be applied by nongovernmental entities. Policies and interpretive releases of the SEC under federal securities legal guidelines also are resources of authoritative GAAP for SEC registrants. All steerage contained in the Codification carries an identical level of authority.
The sales popularity principle states that you have to only report revenue while it has been earned, not while the related coins are amassed. As an example, a snow plowing carrier completes the plowing of an organization's parking zone for its fashionable rate of $one hundred.
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n a competitive industry, suppose the marginal revenue product of the last donut baker hired is $35 and the marginal revenue product of the last bagel maker hired is $15. a bakery must pay donut bakers $40 a day and bagel makers $10 a day. which of the following should the bakery hire to maximize profits?
To increase earnings, the bakery should hire more bagel manufacturers rather than fewer doughnut bakers.
Define Profits.In the field of economics, profit is defined as the difference between the income produced by an economic entity's outputs and the total of its input expenses. Total income less total expenses, which includes both direct and indirect expenses, is what it amounts to.
In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
$35/$40 (Donut Bakers) < $15/$10 (Bagel makers), Therefore, in this case Bagel makers are more profitable.
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corrective taxes are unlike most other taxes because they question 16 options: 1) move the allocation of resources away from the social optimum. 2) distort incentives. 3) raise revenue for the government. 4) move the allocation of resources closer to the social optimum.
Corrective taxes are unlike most other taxes because they move the allocation of resources closer to the social optimum.
The term "corrective tax" (also known as a "Pigouvian tax") refers to a levy imposed on a good or service as a result of the unfavourable externalities connected with its production and/or use. Its market price and output levels should more accurately represent the true cost to society. Corrective taxes, often known as "Pigouvian" taxes, can be used to make up for externalities or "internalities" in a market:
An externality is when costs are borne by others.Internality: expenses that an individual must bear personally."Excise taxes" are frequently used to implement corrective taxes. For instance, on alcohol, cigarettes, and motor fuels
These goods' taxes account for 7.2% of all tax revenue. The marginal societal harm associated with consuming should be used to determine taxes.
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If the interest rate on Ed's checking account is 0.50 percent and the interest rate on the certificate of deposit (CD) that he is considering is 3 percent, then the opportunity cost of holding money is _____ percent.
3
If the interest rate on Ed's checking account is 0.50 percent and the interest rate on the certificate of deposit (CD) that he is considering is 3 percent, then the opportunity cost of holding money is 3 percent.
An interest-earning savings product known as a certificate of deposit (CD) is one that pays interest on a lump sum for a predetermined amount of time. Savings accounts and CDs are different in that the money in a CD must be kept in it for the duration of the term to avoid penalties and interest loss. As compensation for the loss of liquidity, CDs often provide higher interest rates than savings accounts.
Nearly all consumer financial institutions provide certificates of deposit (CDs), although it is up to each bank to decide whose conditions it wishes to give, how much higher the rate will be compared to the bank's savings and money market products, and what penalties it applies for early withdrawal.
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The objective of a(n) _____ is to create a new capability for the asset, but not necessarily extend its useful life.
The objective of a rearrangement is to create a new capability for the asset, but not necessarily extend its useful life.
Which five intangible assets are there?Goodwill, brand equity, intellectual properties (trade secrets, patents, trademarks, and copyrights), licensing, customer lists, and R&D are the key categories of intangible assets. Intangible asset values are typically not disclosed on the balance sheet.
What tangible examples are there?You can touch something that is actually tangible. Both a rock and a damaged window are palpable; if the rock is laying close to the window, it may be visible proof of vandalism. When we remark that a room's tension is "palpable," we imply that we can almost physically feel it there.
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How do businesses ultimately benefit from using a crm to identify the highest revenue customers in a target market, before developing a marketing campaign?
Businesses benefit from using CRM to identify the highest revenue customers in a target market before developing a marketing campaign because it helps to better understand their ideal customer for their product or service.
What is the Customer Relation management?Customer relationship management means combination of different practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer life cycle.
The goal of customer relationship management is to improve the customer service relationships and assist in customer retention and drive sales growth.
Its compile the customer data across different channels or points of contact, between the customer and the company which could include the company's website, telephone, direct mail, marketing materials and social networks. It can also give customer-facing staff members detailed information on customers' personal information, purchase history, buying preferences and concerns.
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A customer approaches a store associate, annoyed that a popular toy isn’t on the shelf, despite the app on her phone showing it in stock. The inventory is only updated once per day on the app. What should the associate do?
Based on the customer service relationship ethics, and considering the situation described in the question above, the associate should "apologize to the customer in a friendly way, stop what he or she is doing and look in the stock room for the missing item. Try to find an alternative item that can solve her problem."
What is Good customer service?Good customer service is a term that is used to describe good customer service practices that involve actions like valuing customers' time, showing a pleasant attitude, and delivering knowledgeable and resourceful resources.
Generally, good customer services from business associates include taking things a step further to exceed — rather than just meet — the expectations of the customers.
Various ways to deliver good customer service are:Know your productMaintain your attitudeCreatively solve the problem of customersGive a quick responsePersonalize your customer services, etc.Hence, in this case, it is concluded that the associate should apologize to the customer and help her solve the problem outright.
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3. What kind of method of growth does McDonald’s apply in the case ? How does it contribute to the McDonald’s value chain
The kind of method of growth that McDonald’s apply in the case is Market penetration.
McDonald's value chain analysis identifies all the major actions and supporting activities that significantly enhance the company's end product, and the business carefully examines these activities in order to either save costs or increase differentiation.
What method did McDonald's employ?Offering food at affordable costs has long been McDonald's pricing approach. This has contributed to the restaurant's long-term success. This has significantly contributed to McDonald's development as one of the world's leading fast-food brands.
When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
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a hedge fund a hedge fund has its shares registered with the federal reserve is a public financial institution has actively traded shares is open to a select number of individual investors
A hedge fund a hedge fund has its shares registered with the federal reserve is a public financial institution has actively traded shares is open to a select number of individual investors .its true .
In an effort to improve performance, a hedge fund is a pooled investment entity that trades in relatively liquid assets and has access to a number of more sophisticated trading, portfolio construction, and risk management tools, such as short selling, leverage, and derivatives. Financial restrictions normally only allow approved investors, wealthy individuals, and organizations to promote hedge funds. Hedge funds are what is meant by "alternative investments." They are distinct from regulated investment funds available to regular investors, commonly known as mutual funds and ETFs, in that they can utilize leverage and use more complex investment methods. Hedge funds differ from private equity funds and other comparable closed-end funds since they often invest in highly liquid assets and are typically open-ended.
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Becky G promises to pay Cardi B $10,000 per year if she will allow her to station her limited edition Tesla truck in Cardi's parking space at the music recording studio. Cardi B's consideration is a. an exchange of money. b. a forbearance. c. the destruction of a legal relationship. d. the creation of a legal relationship.
Cardi B's consideration is the creation of a legal relationship.
The term "intention to create legal relations" refers to the parties' desire to enter into a contract that is enforceable with respect to their rights and responsibilities.
A legal bond between at least two parties who accept at least one term or promise is known as a contractual relationship.
The fact that both parties enter into the partnership voluntarily and consensually is one of the key components of a legal contract. There are no legal restrictions on the number of parties that could participate in the transaction; nonetheless, a legal contract must contain at least two parties. A legal contract is created when two people come to an agreement about the terms of a relationship while acting freely and with the purpose to be bound.
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Answer:
Cardi B's consideration is the creation of a legal relationship.
Explanation:
which one of the following is a feature of mrp ii, but not available in basic mrp systems? group of answer choices capacity reporting dispatch lists action notices financial projections
D: 'financial projections' is a feature of MRP II, but not available in basic MRP systems.
Manufacturing Resource Planning or MRP II is an integrated information system used to perform business operations. MRP II evolved from early versions of MRP systems. MRP II includes the integration of additional data, for instance, employee and financial needs. The MRP II system is designed to integrate, process, and centralize information for effective decision-making in design engineering, inventory management, scheduling, and cost control in manufacturing.
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Gordon has defaulted in the payment of several of his debts, and the court has ordered his property sold to satisfy them. A title search revealed several outstanding liens agains the property. Which of the following liens has first priority: a. first mortgage lien dated and recorded one year ago b. the current year's real estate tax lien c. the judgement lien rendered and recorded las month d. the mechanics lien for work stared two months before the mortgage was recorded. B current years real estate tax lien
A title search revealed several outstanding liens against the property. The current year's real estate tax lien has first priority.
Which of these liens is more important?A first lien holds precedence over other liens and is entitled to first dibs on the selling proceeds. The excess selling proceeds go to the second lien, such as a second mortgage lender or judgment creditor, until that lien is paid off, and so on, if any revenues remain after the first lien is fully satisfied.
What exactly do super priority liens do?A super lien is a level of priority added to an existing lien rather than a totally distinct category of lien. In the event of a foreclosure on a property, it means that some liens, such as association liens, will have a level of priority for debt recovery, disregarding the regular priority given to recording dates.
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abdul owned blackacre, a 40-acre tract of land in an agricultural area, adjacent to whiteacre which is owned by his good friend nguyen. for many years, abdul has allowed nguyen to cross blackacre with his cattle and farm equipment to reach another field nguyen owns on the other side of blackacre called greenacre. abdul is now getting ready to sell blackacre to betsy and wants to be sure that nguyen will be able to continue to use the right of way. which of the following would be the worst way for abdul to accomplish this?
"Subject to an easement in favor of Nguyen for entry and exit," Abdul might deed Blackacre to Betsy.
What is an easement ?The award of a nonpossessory property interest, known as an easement, allows the easement holder to use another person's land.An easement is a non-possessive right to access and/or utilise another person's real property without actually owning it.The right of way that one landowner, may have over the land of another. A common law property right in and of itself, an easement is a type of incorporeal property in most countries. Easements are analogous to real covenants and equitable servitudes.The Restatement (Third) of Property in the United States takes measures to meld these ideas into servitudes.Why is an easement necessary?In order to provide access to a piece of landlocked property, easements of necessity are generally suggested. Quasi-easements are based on a landowner's earlier use of a piece of his or her property for the benefit of a different area of the same property."Subject to an easement in favor of Nguyen for entry and exit," Abdul might deed Blackacre to Betsy.
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True/False The job of integrating the Four Ps strategy decisions is the responsibility of the company controller, since the money to do so must be available.
The statement "The job of integrating the Four Ps strategy decisions is the responsibility of the company controller, since the money to do so must be available." is true.
Give a brief account on company controller.The controller of a corporation is regarded as the principal accounting officer and the director of the accounting division.
The Controller's role :
The controller will oversee the following for the business as head of accounting :
Financial recordsLedger generalPrice trackingPayrollReceipts to be madePayables receivableBudgetingSpecialized research and other tasksAt larger businesses, more accountants might help the controller. Assistant controller, accounting manager, cost accounting manager, tax manager, accounts payable manager, credit manager, payroll manager, and so on are some examples of titles that those helping might hold. These managers can then be in charge of overseeing accounting assistants and accountants. In smaller businesses, the controller might be the only accountant and receive assistance from an accounts payable clerk. While the controller of a small business might be reporting directly to the president or owner, the controller of a large corporation might be reporting to the chief financial officer (CFO).
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she has been working with the compliance team on a few projects and is expanding her skills to include risk management as well as control and assurance activities.
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
How can project risk management help improve project performance?
You may pinpoint the advantages, disadvantages, opportunities, and hazards associated with your project by using effective risk management tactics. You can be prepared to react if unexpected occurrences happen by making plans for them. Specify how you will manage any risks to your project's success so you can recognise, address, or prevent issues as necessary. Because accomplishing a project's objectives rely on planning, preparation, outcomes, and evaluation that contribute to achieving strategic goals, successful project managers understand the importance of risk management. Plans for risk management help projects succeed by compiling a list of internal and external risks.
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