Family Fashions Corporation discontinued Kid-Choice, its entire line of children's clothing, in November of 2009. Prior to the disposal, Kid-Choice generated a loss of $600,000 (net of tax) for the period from January through the sale date. Because of the value of the real estate and machinery, there was a gain of $850,000 (net of tax) on the actual sale. How should this situation be reported in the financial statements of Family Fashions for 2009
Answer: A $250,000 gain should be in the "discontinued operations" section of the income statement.
Explanation:
Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.
Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.
Which section of the unqualified audit report on the effectiveness of ICFR would the following statement belong in: "We have audited the internal control over financial reporting of The Bread Company as of December 31, 2020 based on the criteria established in the Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission"
Answer: Opinion paragraph
Explanation:
ICFR simply refers to the controls that are designed specifically to address the risks that are related to financial reporting. The ICFR of a company provides assurance that the financial statement of a company are reliable and are prepared based on what the IFRS requires.
The section of the unqualified audit report on the effectiveness of ICFR that the statement asked belong in is the opinion paragraph.
True or false: The Mackay Doctrine refers to the 1983 Supreme Court decision in the National Labor Relations Board (NLRB) v. Mackay Radio and Telegraph Co. that required employers to hire only temporary strike replacements to do the work of individuals on strike.
Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees have access to the data they need, when they need it. Aware of this new approach, Stacy, an administrative assistant working for a manager in the sales department, requests a report regarding disciplinary action on a manager outside her department. Despite the new company policy, her request is denied, most likely because
Answer:
neither she nor her supervisor has any demonstrable reason to access such information.
Explanation:
When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.
Access to data outside one's normal job role requires a request for addition of such access.
In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.
Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.
She will not be able to get it because she should normally not be able to discipline a manager.
So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.
Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they are bargaining fairly, no agreement seems to be possible. The drivers are threatening to go on strike, and management knows that such a strike would prove to be costly. None of the parties involved in the dispute wants to reach a win-win agreement. They are each highly focused on their demands, which they would like to achieve, otherwise known as their ________ points. target tolerance focal distribution resistance
Answer:
resistance points
Explanation:
In simple words, The resistance level can be understood as the lowest point where a mediated settlement will be accepted. For a vendor, this implies the smallest number (minimum) or end result they are willing to take, whereas for a purchaser, it implies the highest number (upper limit) or bottom boundary they are willing to spend.
Thus, from the above we can conclude that the correct answer is resistance point.
Jessica is new to international marketing and assumes that if a country speaks a similar language as another country then both of those countries will also be interested in the same types of products and services. Jessica appears to be suffering from
Answer:
an illusion of similarity.
Explanation:
It is correct to say that in this case, Jessica seems to be suffering from an illusion of similarity, in that she believes that two countries will be interested in the same types of products and services because they speak similar languages.
This is an illusion that can cause difficulties in a company's marketing positioning, as each country has its social and cultural particularities that must be considered when planning an international marketing strategy, as it must be aligned with local culture, taste and preferences so that a company can be well accepted and competitive in the international market.
¿Qué es la Biblia y qué significa?
Respuesta:
Biblia significa: conjunto de libros canónicos que en el judaísmo y el cristianismo se consideran producto de inspiración divina y un reflejo o registro de la relación entre Dios y la humanidad.
Sports and marketing have to compete on which angle if they want to be relevant to the 21st century market?
cheapest prices
scarcest supply
most appealing
quickest distribution
Answer:
cheapest prices
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.
Hence, sports and marketing have to compete on the cheapest prices, if they want to be relevant to the 21st century market because it's the most important factor that influences the willingness of a consumer to buy a good or take a service.
HELP IN BUSINESSS!!!! An economy produces two goods, x and y. A year ago the price of x was $4 and the price of y was $6. Today the price of x is $8 and the price of y is $10. What happened to the nominal and the real value of good x? What happened to the nominal and real value of good y?
Answer:
Since an economy produces two goods, X and Y, already a year ago the price of X was $ 4 and the price of Y was $ 6, while today the price of X is $ 8 and the price of Y is $ 10, what happened did not it is something other than an inflationary process, by which the values of goods have increased their value, both nominal and real, that is, both in monetary terms and in terms of the purchasing power of the individuals who develop in said economy.
Thus, good X went from being worth $ 4 to $ 8, which implies a change in nominal terms of $ 4, and in real terms an inflation of 100% year-on-year (8 x 100/4 - 100).
On the other hand, good Y went from being worth $ 6 to $ 10, with which nominally it also increased $ 4, but in real terms there was an inflation of 66.6% (10 x 100/6 - 100).
J is issued a Life Insurance policy with a death benefit of $100,000. She pays $600 per year in premium for the first 5 years. The premium then increases to $900 per year in the sixth year, and remains level thereafter. The policy's death benefit also remains at $100,000. Which type of Life Insurance policy is this?
Answer:
Modified Premium Life
Explanation:
The modified premium life is the whole life insurance policy in which the insured person paid the lower amount of premium as compared with the agreed amount for the given time period. When the given time period is done so the payment of the premium should be increased and it can be high as compared to the normal amount
So this means that the premium should be less for 5 years and it could be increased in the sixth year and so on
Therefore the option d is correct
Meili's employer distributes checks at the end of each quarter, representing an equitable portion of 5 percent of the company's pretax profits for the previous quarter. These are ________checks. Group of answer choices pay for knowledge gainsharing bonus pay for performance profit sharing
Answer:
profit sharing
Explanation:
profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.
what is an important function of the federal trade commission?
a. inspecting workplaces for safety violations
b. identifying unfair pricing strategies
c. negotiating trade agreements
d. deciding if discrimination complaints are valid
Answer:
The FTC protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace. We conduct investigations, sue companies and people that violate the law, develop rules to ensure a vibrant marketplace, and educate consumers and businesses about their rights and responsibilities.
Answer:Identifying unfair pricing strategies (B)
Explanation:
A company has the following: Cash balance per books, December 31, $82,600. Note receivable of $1,750 plus $250 of interest collected, $2,000. Outstanding checks, $4,900. Deposits in transit, $2,500. Bank service charges, $50. NSF check, $650. The company erroneously recorded a $1,000 cash payment on its books as a $100 cash payment. Also, the bank erroneously deducted $300 from the company’s checking account. The bank should have taken the money from a different customer’s account. How much is the adjusted cash balance per books on December 31?
Answer:
$83,000
Explanation:
Calculation to determine How much is the adjusted cash balance per books on December 31?
Balance per books on Dec. 31, $82,600
Add Note collected by the bank including interest $2,000
Less Bank service charge ($50)
Less NSF check ($650)
Less Book error ($900)
($1000-100)
Adjusted cash balance per books $83,000
Therefore the adjusted cash balance per books on December 31 is $83,000
An analyst has decided to identify value stocks for investment by screening for companies with high book-to-market ratios and high dividend yields. A potential drawback of using these screens to find value stocks is that the firms selected may: be those that have significantly underperformed the market. be concentrated in specific industries. have unsustainable dividend payments.
Answer: be concentrated in specific industries.
Explanation:
Companies that exhibit characteristics such as a high book-to-market ratio and high dividend yield are usually found in specific industries like the financial services sector.
Using this method would therefore lead to investments in specific industries which is riskier because the industrial risk component increases in that if the industry is adversely affected, the investors would suffer from going in on investments concentrated in one or a couple of related industries.
When increasing production from 12,000 computers to 15,000 ​computers, the​ company's average cost of production will A. increase from ​$10.10 to ​$10.40 due to the​ learning-curve effect. B. increase from ​$16.80 to ​$18.90 due to the​ learning-curve effect. C. decrease from ​$10.40 to ​$10.10 due to diseconomies of scale. D. decrease from ​$10.40 to ​$10.10 due to the​ learning-curve effect. E. increase from ​$16.80 to ​$18.90 due to economies of scale.
Answer:
When increasing production from 12,000 computers to 15,000 computers, the company's average cost of production will
D. decrease from $10.40 to $10.10 due to the learning-curve effect.
Explanation:
The learning-curve effect describes the learning-curve theory. This theory states that there is an improved performance of workers who are producing computers over time. The whole idea behind this theory is that the more workers produce computers, the better they will get at its production. In turn, this improved production performance will, in the long run, translate to both lower cost and higher output for the organization.
General Staff immediately come together and begin developing strategies. General Staff Chiefs are: Evaluating staffing and supervisory needs in the Incident Command Post. Identifying resource shortfalls. Updating planning documents. What NIMS Management Characteristics are you supporting
Select all that apply.
Common Terminology
Management by Objectives
Incident Action Planning
Manageable Span of Control
Unified Command
Accountability
Answer:
Management by Objectives
Incident Action Planning
Manageable Span of Control
Explanation:
Considering the information given in the question, the NIMS Management Characteristics I am supporting are:
1. Management by Objectives
This is because, by Management by Objectives, the General Staff are making strategies according to the previous objectives.
2. Incident Action Planning
This is because, by Incident Action Planning, the General Staff are revising planning documents that will comprise staffing and resource necessities.
3. Manageable Span of Control
This is because, by Manageable Span of Control, General staff chiefs are assessing staffing requirements in the Incident Command Post. This is to make sure each supervisor only has personnel that can be managed.
Mohammad was an employee in the new product development department of Estay Inc. Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc., a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is correct
Karl and Kara own a business that specializes in providing outdoor adventure experiences for tourists. They employ a staff of eight adventure guides who are responsible for providing each client with a safe and enjoyable outdoor experience. Recently, Karl and Kara received a number of complaints about the guides from clients. Karl believes that the problem can be resolved by providing the guides with additional customer service and communication training. But Kara suggests that before investing resources into training, they should conduct a needs assessment to see if training is the best solution, and if so, which type of training would be the most beneficial.
Answer: Needs assessment
Explanation:
Your question isn't well written as you've already given the answer to the question which is needs assessment.
A needs assessment is used for determining the needs as well as addressing the needs between the present conditions and the desired conditions.
The main purpose of needs assessment is in order to know the people whom are in need and the types of needs.
Identify a romantic couple in a TV series or movie that goes through several of Knapp's Stages of Relational Development. Describe how they went through each stage and what events or behaviors made it clear that the characters were in each of these stages. At what stage were the characters when the TV series or movie ended?
Answer:
Stagnation
Explanation:
There are several stages in Knapp's stages of relational development. The stages are as,
Experimentation
Intensifying
Integration
Bonding
Differentiation
Circumscribing
Stagnation
Avoidance
Termination
I recently saw a movie in which there was a couple who was going through integration period of Knapp's relational development. They express their love for each other and plans to marry soon. Once they are married they identify the difference in their cultures because both of them belonged to different religion. The difference start to create problems between them and they now quarrel with each other over small things. The relation goes into circumscribing stage where there is less exchange of information between the couple and they avoid talking to each other. There is an increase communication gap between two. As the movie moves to climax both of them are in Stagnation stage where each of them feels stuck in this relationship and suddenly there is an accident and one of them dies. The movie ends with lifetime regrets for the one who survives.
A straight-line production possibilities frontier assumes Group of answer choices the more resources a society uses to produce one good, the fewer resources it has available to produce another good. the opportunity cost of producing a good is constant as more and more of that good is produced. the opportunity cost of producing a good increases as more of that good is produced. resources are specialized; that is, some are better at producing particular goods rather than other goods.
Answer:
the opportunity cost of producing a good is constant as more and more of that good is produced
Explanation:
In the case of the production possibilities frontier i.e. on the straight line presumes that the opportunity cost for generating the good should be the similar or constant when the more and more goods are generated or produced
So as per the given options, the above statement should be selected
And, the same is to be relevant
Which statement accurately depicts an advantage that small business has over big business? Multiple Choice If the small business owner can project his business as being big, if not very similar to big businesses that sell in the same industry, then he will realize a significant advantage. The size of the business (small being better in this case) is an important consideration in the management of legal, payroll, and tax concerns. The slower pace of small businesses translates into better quality for its customers. A small business can maneuver and change quicker than most large businesses can. It can react to market conditions and customer concerns much faster.
Answer:
It can react to market conditions and customer concerns much faster.
Explanation:
Small businesses have either of the the following characteristics
they are privately owned partnerships or corporationsthey are sole proprietorshipthey require less capital they do not have a large number of workforceLarge businesses have either of the the following characteristics
they are usually publicly ownedthey have a large number of workforceAdvantages of Small businesses over large businesses
they are more flexible they have a better customer relationthey are better able to specialise in a particular area there is greater opportunity for employee developmentYou are new to an organization and do not really know what to expect about the socialization process. You recently received your MBA and have an undergraduate degree in computer science. Your new firm is a software development company with an emphasis in the healthcare industry. Your hiring process included campus interviews, a daylong trip for an interview at the company, an offer phone call and letter, and some promotional material sent via the mail. When you arrive for your first day at work, you spend half a day in an orientation session that is conducted by the human resources department, where you complete paperwork and receive a company handbook. Then you spend the rest of the day with your supervisor, who gives you a tour, introduces you to your co-workers, and explains your first project. After that, you begin working and getting to know the others in the company. You find that in most respects, your experience fits your expectations, but in some ways you are surprised by realities that you hadn't expected. None of these surprises is too difficult to accept, so you eventually begin to feel at home and happy with your new job. When you begin to notice things that are not as you expected, you are in the ________ stage of socialization. encounter post-arrival orientation prearrival metamorphosis
Answer: encounter
Explanation:
Since the person is new to the organization and begin to notice things that are not going as expected, then the person is in the encounter stage of socialization.
Encounter stage is known as the second phase of socialization. It is the point of entry when a person first enters their new job. It depicts change and is a surprise of the newcomer.
Nasir finds a used car for $4,000.00. It has all of the features he wants. He compares prices of similar cars at other car lots and finds the best deal at the local used car lot. The car looks even better than it did in pictures. It has a nice paint job, new tires, and new windshield wipers. Nasir pays $300.00 for a down payment and then purchases the car. He also bought an extended warranty and detailed car washing. What did he forget to do
Answer: a. Check the car for mechanical problems
Explanation:
Much like a house needs to be inspected before you move in, so also does a car. Especially when that car is an already-used car.
Regardless of how well the sellers may have made the car look aesthetically, Nasir should still have the car checked for mechanical problems as these are not visible upfront but can be very troublesome if present.
Checking the car would also enable him negotiate better because it would show the exact condition and he can take this into account during price negotiations.
Tyrell Corporation, a manufacturer of smartphones, has entered into a 15-year partnership with a software company to develop sophisticated operating systems and innovative mobile applications for its phones. This would mean that both the companies will have to mutually share their resources, knowledge, and capabilities to develop a superior product. What is the relationship between Tyrell Corporation and the software company best referred to as in this scenario
Answer:
strategic alliance
Explanation:
Strategic alliance can be regarded as an arrangement set up between two companies so that they can undertake a mutually beneficial project , even though each of the companies still retains its independence. This type of agreement can be regarded as been less complex compare with a joint venture, it is as well less binding than a joint venture, whereby two businesses gathered together resources so s to create a separate business entity.
For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140. Marginal revenue at that output level is Group of answer choices equal to $140. greater than $140. less than $140. less than marginal cost. greater than average revenue.
is it fine to work on improving up to four EQ skills at a time?
Answer:
In order to build EQ—and become emotionally healthy—you must reconnect to your core emotions, accept them, and become comfortable with them. You can achieve this through the practice of mindfulness. Mindfulness is the practice of purposely focusing your attention on the present moment—and without judgment.
Which of the following is NOT an example of an explicit cost? Multiple Choice The income the owner could have earned in his or her next best employment opportunity. The salaries paid to the managers who help run the business. The overtime wages paid to workers. The rent the owner pays each month to lease office space.
Answer:
The income the owner could have earned in his or her next best employment opportunity.
Explanation:
Explicit cost includes all the amounts expended in running the business. It is used in calculating accounting profit. Examples are wages, rent, cost of equipment
The income the owner could have earned in his or her next best employment opportunity is an example of an implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is used in calculating economic profit.
What scenario would call for you to
consider other funding options instead of
short-term and long-term debt?
A. You have plenty of cash flow and are looking to grow
with new equipment.
B. You have a small cash position, but you are adding
multiple clients monthly.
C. Your cash flow is terrible and your accounts payable are
extremely late.
Answer:
A.you have plenty of cash flow and are looking to grow with new equipment.
Explanation:
Sana makatulong po sainyo/ihope it helps for you
Project A has an initial cost of $75,000 and annual cash flows of $33,000 for three years. Project B costs $60,000 and has cash flows of $25,000, $30,000, and $25,000 for Years 1 to 3, respectively. Projects A and B are mutually exclusive. The incremental IRR is _______ and if the incremental IRR is lower than the required rate of return then Project _______ should be accepted.
Answer:
12.89%
the project should not be accepted
Explanation:
Incremental IRR can be determined by subtracting the cash flows of the project with the smaller cost from the cash flows of the project with the higher initial cost then using the cash flow derived to calculate the IRR
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Incremental cash flow in year 0 = -(75,000 - 60,000) = -15,000
Incremental cash flow in year 1 = 33,000 - 25,000 = 8,000
Incremental cash flow in year 2 = 33,000 - 30,000 = 3,000
Incremental cash flow in year 3 = 33,000 - 25,000 = 8,000
IRR = 12.89%
A project should be accepted only if the incremental IRR is greater than the required return. If this is not the case, the project should not be accepted
To determine IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
In order for two-way communication to occur, the receiver must Group of answer choices have the ability to provide feedback, whether or not they actually do so. also play the role of sender in another communication exchange. be willing to provide feedback, though the sender does not have to listen. provide feedback, and the sender must be receptive to the feedback. assume the responsibility of interpreting the message.
Answer:
provide feedback, and the sender must be receptive to the feedback.
Explanation:
Two-way communication arise at the time when the receiver send the feeback to the message of the sender. In the two-way communciation process, first the sender transfer the receiver message after receiving or getting the message the receiver decoding the message and after this it sends back his or her feedback to the sender
So as per the given situation, the above statement represent an answer
