Lapping is best described as the process of B. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.
What is Lapping?Lapping is an employee stealing scheme revolving around the application of cash receipts.
Lapping can be traced by tracing the application of cash receipts to customers' accounts.
Routine application of cash receipts to wrong customer accounts proves evidence of a lapping scheme.
Thus, Lapping is best described as the process of B. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.
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Joni is a financial planner for ABC firm. She provided all of her clients with the same products. She felt this was OK since she had thoroughly researched them years ago and found them to be excellent. By concentrating her recommendations with a few firms, she was able to receive commission bonuses. She never discussed their goals and characteristics with her clients unless they brought them up. Explain her violations of SEC and CFP regulations. Indicate what should be done.
She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.
What is the case about?The case above is failure of Joni to divulge some vital information regarding a product to her client.
Note that Joni is ok with the product, that does not mean that the client will still be okay with it. She is suppose to tell her client all that they need to know and then they can decide what to do and she failed to do so and as such She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.
The solution is that she needs to tell her client what she omitted, tender an apology and also she should explain all that there is to know to the client.
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which points of the production possibilities curve show a level of production that would be achievable only through further growth in the company
Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.
An Ancient Inca tomb was founded by the archaeologists in the capital of Peru under an ordinary home.
Who were the archaeologists?
Archaeologists are the individuals who study the artifacts of historical eras and also excavate the sites that existed in the ancient era.
Archaeologists have found the tomb of the Inca civilization which was wrapped in cloth along with burials of ceramics and fine jewels of that time. It was a structure built over the time span of 500 years back. The tomb was one of the most prominent architects of the Inca civilization.
Therefore, the archaeologists found the tomb of the Inca Empire in the capital of Peru.
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Diego and his supervisor have coffee together every monday. this is an example of a
Diego and his supervisor have coffee together every Monday is an example of a ritual
What is a ritual?A ritual is described as set of activities which may involve gestures, words, actions, or objects, performed according to a set sequence.
According to Diego and his supervisor, there has a been a constant action performed every week (taking coffee together). Since this act has become repetitive, they have become a ritual.
Hence Diego and his supervisor have coffee together every Monday is an example of a ritual
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Tell me about a time you tried to sell a customer, teammate, or someone else on an idea, product, or service. describe the situation, your actions, and the outcome
will give brainliest answer
does not have to be work related
To try to sell a product or idea we must use valid arguments and connect attitudinally with the people to whom we offer them.
What is a sale?A sale is a transaction in which a product or service is exchanged for money.
What experiences do we have selling something?One experience we have selling something was when we built some wooden toys to sell to my friends and family as Christmas souvenirs.
For them I had to call them and send them an email with pictures of the toys. In general, we highlighted the most striking features of the toys and had a positive attitude to convince buyers.
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which statement is not true regarding a critical asset in the enterprise environment
The statement that is not true regarding a critical asset in the enterprise environment is:
It can easily be replacedWhat is a critical asset?Critical assets are the main resources that sustain the daily operation of a business.
These assets are the lifeblood of the business so any attempt to replace them can significantly damage the smooth running of the organization. So, critical assets cannot be replaced.
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One of the Federal Reserve's most powerful tools is its influence over _____, not its influence over _____. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the rate of inflation; expectations interest rates; the money supply interest rates; the rate of inflation expectations; the money supply
Some of Federal Reserve powerful tools is its influence over expectation and not its influence over supply.
What is the Federal Reserve?It is the United states central banking system that is responsible for the nation's monetary policy and regulating the supply of money and interest rates.
Hence, the Federal Reserve powerful tools in the banking system is its influence over expectation and not its influence over supply.
Therefore, the Option D is correct.
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The process of influencing people to work toward a common goal is.
Answer:
Leading/Leadership
Explanation:
Leadership inspires, influences and motivates people to work towards a goal and achieve it.
Assume that you hold a well-diversified portfolio that has an expected return of 10.0% and a beta of 1.50. You are in the process of buying 2,000 shares of Omega Corp at $10 a share and adding it to your portfolio. Omega has an expected return of 15.0% and a beta of 1.75. The total value of your current portfolio is $80,000. What will the expected return and beta on the portfolio be after the purchase of the Omega stock
Based on the expected returns and beta of the portfolio and investment, after the purchase of omega stock, the expected return is 11% and the beta is 1.55.
What is the expected return?Find the value of the Omega stock:
= 2,000 x 10
= $20,000
The total value of the new portfolio is:
= 80,000 + 20,000
= $100,000
Expected value is:
= (80,000 / 100,000 x 10%) + (20,000 / 100,000 x 15%)
= 8% + 3%
= 11%
What is the beta?= (80,000 / 100,000 x 1.50) + (20,000 / 100,000 x 1.75)
= 1.2 + 0.35
= 1.55
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Which of the following is not a business transaction? a.Erin purchased hedge trimmers for her lawn service agreeing to pay the supplier next month. b.Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. c.Erin provided services to customers earning fees of $600. d.Erin pays her monthly personal credit card bill.
(D) Erin pays her monthly personal credit card bill.
What is a business transaction?A business transaction is an economic event involving a third party that is documented in the accounting system of an organization. Such a transaction needs to have a monetary value. Purchasing insurance from an insurer is an illustration of a business transaction acquiring stock from a vendor.What is a credit card?A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.Since Erin paying her credit card is her personal transaction.
Therefore, the answer will be (D) Erin pays her monthly personal credit card bill.
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A distribution of a company's accumulated prior earnings is a(n) ______.
The distribution of a company's accumulated prior earnings is a dividend.
What are dividends?Dividends are portion of money earned that are distributed to shareholders of such company.
These are offered mainly in form of cash and very crucial to shareholders for them to know the state of the finances of such business.
Hence we can conclude that the distribution of a company's accumulated prior earnings is a dividend.
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A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 120 units $ 420 June 10 150 units 600 June 15 150 units 570 June 28 200 units 270 $1860 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
The cost of ending inventory is $630.
What is the value of ending inventory?The average inventory method entails using the average cost of the total inventory purchased to determine the value of the ending inventory.
Average cost = total cost / total units purchased
1860 / (120 + 150 + 150 + 200) = $3
Cost of ending inventory = 210 x 3 = $630
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The multiplier principle indicates that if business decision makers become more optimistic about the future and, as a result, increase their investment expenditures by $82 billion, real GDP a. will increase by more than $82 billion if the economy was initially operating at full-employment capacity. b. will decline if the marginal propensity to consume is less than 1. c. will increase by less than $82 billion if the economy was initially operating well below capacity. d. will increase by more than $82 billion if the economy was initially operating well below capacity.
From the multiplier principle if the business increases by 82 billion dollars they will increase by more than $82 billion if the economy was initially operating well below capacity. option d.
What is the multiplier principle?The multiplier is the economic variable that when increased or changed would lead to changes in other economic factors.
If the business should have an increase of this amount then there should be a resultant increase of similar amount in the business.
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An open market sale of U.S. Treasury bonds by the central bank will ________ credit conditions for private firms.
An open market sale of U.S. Treasury bonds by the central bank will ease credit conditions for private firms.
What is Open Market Sale?Open Market Sale means a sale of shares of Common Stock pursuant to a "brokers' transaction" within the meaning of Section 4(4) of the Securities Act or in a transaction directly with a "market maker", as that term is defined in Section 3(a) (38) of the Exchange Act.
The most commonly used tool of monetary policy in the U.S. is open market operations. Open market operations take place when the central bank sells or buys U.S. Treasury bonds in order to influence the quantity of bank reserves and the level of interest rates. The specific interest rate targeted in open market operations is the federal funds rate. The name is a bit of a misnomer since the federal funds rate is the interest rate charged by commercial banks making overnight loans to other banks. As such, it is a very short-term interest rate, but one that reflects credit conditions in financial markets very well.
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Explain way economic deals with allocation and efficient utilization of scarce resources only?
Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.
How Microeconomics allocates scarce resources?Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.
Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.
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What are the goals when a government uses expansionary monetary policy? check all that apply.
The goals when a government uses expansionary monetary policy are
Increasing its money supply to boost the economy.Increasing its money supply to speed business expansion.Decreasing its interest rates to increase investment spending.What is expansionary monetary policy?This is when a government relax its control on the volume of money supply in an economy. The purpose of the policy is to expand money supply and also lowers short-term interest rates.
It is to be noted that expansionary monetary policy is intended to promote more economic activity.
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N.B
Please see complete question below:
What are the goals when a government uses expansionary monetary policy? Check all that apply.
Increasing its money supply to boost the economy
Decreasing its money supply to slow the economy
Increasing its money supply to speed business expansion
Decreasing its money supply to curb business expansion
Decreasing its interest rates to increase investment spending
Answer:
A) increased available credit
C) increased money supply
F) decreased interest rate
Explanation:
got right
Sheridan Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2021 to June 30, 2022: June 30, 2022 June 30, 2021 Raw Materials 3000 kilos 2000 kilos Three kilos of raw materials are needed to produce each unit of finished product. If Sheridan Company plans to produce 480000 units during the 2021-2022 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?
The number of kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.
Number of kilos of materials to purchase
Using this formula
Kilos of materials=(Units to produce×Number of kilos of raw materials)+Ending kilo of raw material-Beginning kilo of raw material
Let plug in the formula
Kilos of materials=(480000×3)+3,000-2,000
Kilos of materials=1,440,000+1,000
Kilos of materials=$1,441,000
Therefore the number of kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.
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When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
What is a unit of account?A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
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A low-cost leadership strategy becomes competitively powerful when a. buyers of the product or service use the product or service in the same ways. b. the offerings of rival firms are essentially unique, different, and customized to end users. c. price competition among rivals is absent. d. buyers prefer that the products/services of competing sellers have widely varying attributes and prices. e. buyers have high switching costs.
The strategy of low-cost leadership becomes powerful when the buyers of the product/service use the product/service in the same ways.
What is a low-cost leadership?This is a pricing term that means that organization are looking for strategy on becoming a leader in providing low-cost products to its customers.
However, the strategy of low-cost leadership becomes competitive powerful when the buyers of the product/service use the product/service in the same ways.
Therefore, the Option A is correct.
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the local government is concerned about poverty so it institutes a minimum wage of $9 per hour. if the demand and supply for labor are given in the graph, there will be
We can actually deduce here that from the statement given, if the demand and supply for labor are given in the graph, there will be: A surplus of 6 workers.
What is demand and supply?Demand actually refers to what customers actually want in the market and how they go for it. While supply refers to the availability of goods and services in the market to meet with the customer's demands.
We can actually see here that demand and supply determine the price of goods and services.
Also, the payment for labour is high, the supply for labour will be high but the demand for labour may likely decrease.
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Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39.4 Which company is the most efficient and effective in managing its inventory
The most efficient and effective in managing its inventory is Company B.
Who is the most efficient?The days' sales in inventory is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.
Days' sales in inventory = number of days in a period / inventory turnover
Inventory turnover = cost of goods sold / average inventory
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complete the following analogy. disobedience : punishment :: unemployment : ___________
The Analogy of unemployment is Penury
Analogy can be described as when two objects are compared together, it could also mean the similarities between two things.
Unemployment is a state of having no job or something doing tp bring money. In a state of unemployment, the individual us said to be struggling and poor
Penury means lack of essential resources and having no money
Hence unemployment and penury are similar in meaning
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Beta and Gama Inc. produces an item that currently sells for $250 per unit. Current production costs per unit includes direct materials of $30, direct labor of $25, variable overhead of $15, fixed overhead of $20, and total production costs of $90. Beta and Gama Inc. has received a special pricing offer from a nonprofit organization to buy 1,000 units at $200 per unit. Beta and Gama Inc. is currently operating at its full production capacity. Based on the scenario, Beta and Gama Inc. should Blank______.
As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue on the income statement B. As an expense on the income statement C. As a use of cash on the statement of cash flows D. On the balance sheet because assets are never consumed E. Both B and C because the financial statements articulate
Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.
What is a balance sheet?
A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.
The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.
As a result, option (b) is correct.
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How could U.S. currency lose value?
A.) is torn or dirty . B.)
It lacks the new security features.
C.)Too many legal bills are printed and in circulation. D.)Too many people are counterfeiting print money and using it.
Answer:
C.) Too many legal bills are printed and in circulation
Explanation:
If more money was printed there would be an artificial overabundance of money, but the supply of goods would not increase. This would lead to inflation which would lower the currency value.
Answer: Too many legal bills are printed and in circulation.
Explanation:
The ""invisible hand"" works to promote general well-being in the economy primarily through:.
The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.
How does the Invisible Hand work?The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.
The complete information about the question is given below:
a. people's pursuit of self-interest.
b. the political process.
c. government intervention.
d. altruism.
therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.
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The use of anthropological techniques to study businesses and what some people cal organizational culture in order to assist the business is most specifically an example of...
The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist the business is most specifically an example of Applied anthropology.
What is applied anthropology?Simply described, applied anthropology is "anthropology in use". It refers to any anthropological research that is carried out to address relevant issues. This indicates that the project has stakeholders and clients who stand to benefit or lose.
There are countless challenges that anthropology can help with. Some examples are business, environmental issues, health and medicine, research, education, and many more.
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which of the following is not correct with respect to using bcc for recipients of a message?
The option that is not correct with respect to using bcc for recipients of a message is this:
It should be the default for all correspondence.What is the Blind Carbon Copy?Blind carbon copy is a way of preventing the recipients of a bulk message from viewing the other addressees. While it is a very good privacy option, it is not expected to be the default for all correspondence.
Sometimes, the addressees might have to view their counterparts so BCC is enabled in such cases.
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The professional organization that promotes the advanced of the management accounting profession is:.
The professional organization that promotes the advanced of the management accounting profession in the United States is the Certified Management Accountants Institute.
In some other countries like Britain and Canada, it is called Chartered Institute of Management Accountants.
Select all that apply Which of the following are advantages of group decision making? (Choose all that apply.) Multiple select question. Draws on combined skills, competencies, and accumulated knowledge Greater probability that the decision will be implemented successfully Allows managers to process more information and correct one another's errors Allows managers to engage in the groupthink process The time required to make a decision is much less Alternatives are less likely to fall victim to biases and errors
We can infer here that the advantages of group decision making are as follows:
Draws on combined skills, competencies, and accumulated knowledge.Greater probability that the decision will be implemented successfully.Allows managers to process more information and correct one another's errors.Alternatives are less likely to fall victim to biases and errors.What is decision making?Decision making is a process that involves the identification of a decision, information gathering and an assessment into the possible and alternative solutions and resolutions.
Thus, we see that group decision making helps to bring together a combination of skills, knowledge and competencies.
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