Mr. and Mrs. Braun own 100 percent of the stock of BB Inc. and Mr. Braun was short of cash in his personal checking account. As a result, he paid several personal bills by writing checks on the corporate account and recorded the payments as miscellaneous expenses.
After three months, he repaid the corporation in full.The above case reflects the issue of embezzlement or theft of corporate funds. In this context, embezzlement is the unlawful conversion of the property of another by one who is lawfully in possession of that property.
It is a form of white-collar crime committed by an employee or a fiduciary who uses his or her position of authority to misappropriate the property of another. The company's income statement for the year will not be affected because it is a temporary account that is closed to equity at the end of the year.
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write Part 2 of your comprehensive Human Resource Management Plan. Part 2 should be five pages in length and comprised of the following elements: Your compensation and benefits strategy. An effective pay plan, including your pay philosophy. Pay ranges for each human resource position. The key benefits needed to retain or attract future employees. Your answers must include cited references at least one peer-reviewed journal article, and at least one SHRM article.
Please read the question well and take your time to answer to avoid being markdown. If you're not the one that answered the part 1 please refer to my previous questions.
Thank you
Part 2: Compensation and Benefits Strategy
Introduction:
In this section, we will outline the compensation and benefits strategy for our organization. A well-designed compensation and benefits plan is crucial for attracting and retaining talented employees. This plan aims to align employee rewards with the organization's goals and objectives, ensuring fair and competitive compensation while also providing attractive benefits packages. Our pay philosophy will be based on market competitiveness, internal equity, and performance-based rewards.
* Compensation Strategy:
Our compensation strategy will focus on the following key elements:
1) Market Competitiveness:
We will conduct regular market surveys and benchmark our compensation packages against industry standards and local market rates. This will help us ensure that our pay scales are competitive and attractive to potential candidates.
2) Internal Equity:
Internal equity refers to ensuring fair compensation based on job evaluation and pay grades within the organization. We will establish clear job descriptions and evaluate positions using a systematic and objective job evaluation method. This will help us determine appropriate pay ranges for different job levels.
3) Performance-Based Rewards:
We will implement a performance-based pay system to recognize and reward high-performing employees. This will include setting performance goals, conducting regular performance evaluations, and linking rewards to individual and team achievements.
Key Benefits to Retain or Attract Employees:
1) Health Insurance:
Comprehensive health insurance coverage for employees and their dependents, including medical, dental, and vision benefits.
2) Retirement Plans:
A 401(k) retirement savings plan with a company match to encourage long-term financial security.
3) Flexible Work Arrangements:
Flexible work schedules, remote work options, and telecommuting opportunities to promote work-life balance.
4) Professional Development:
Support for professional growth and development through training programs
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You are currently employed by a company whose accounts receivable turnover is 65 days with terms of net 30 . What are two things that you could recommend to your boss about how to improve that ratio.
The accounts receivable turnover ratio is a significant measure of how efficiently a company uses its resources to sell its products or services on credit. It is essential to keep this ratio low to ensure that the business has enough funds to maintain its operations. Here are two things that you could recommend to your boss about how to improve the accounts receivable turnover ratio:
1. Tighten Credit Standards
One way to improve the accounts receivable turnover ratio is by tightening credit standards. You can ensure that your company only offers credit to customers who have a good track record of paying their debts on time.
This way, the risk of bad debt is minimized. Moreover, you should also conduct a credit check on new customers to ensure that they have a good credit score.
2. Encourage Early Payment
Another way to improve the accounts receivable turnover ratio is by encouraging early payment. You can offer your customers a discount if they pay their bills before the due date.
For example, if the terms of payment are net 30, you can offer a discount of 2% if the customer pays within 10 days.
This way, your customers will be encouraged to pay early, and your accounts receivable turnover ratio will improve.
Two things that you could recommend to your boss about how to improve the accounts receivable turnover ratio are to tighten credit standards and to encourage early payment.
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According to the Securities Act of 1933, which of the following is illegal during the waiting period? A. Soliciting buyers for a company's securities. B. Receiving offers to buy a company's securities. C. Selling security subject to the act. D. Soliciting through the use of a summary prospectus.
According to the Securities Act of 1933, during the waiting period, it is illegal to engage in certain activities related to the sale of securities. The waiting period is the time between when a company files its registration statement with the Securities and Exchange Commission (SEC) and when the SEC declares the registration statement effective. During this period, the following activities are generally prohibited:
C. Selling securities subject to the act: It is illegal to sell or offer to sell securities that are subject to the Securities Act of 1933 during the waiting period. This is to ensure that investors have access to all the necessary information and disclosures before making investment decisions.
A. Soliciting buyers for a company's securities: Actively seeking or soliciting potential buyers for securities during the waiting period is also illegal. This includes any form of communication or marketing efforts to generate interest in the securities.
D. Soliciting through the use of a summary prospectus: Using a summary prospectus or any other document that summarizes the key information of the securities offering to solicit buyers is prohibited during the waiting period. Investors should have access to the full prospectus with detailed information before making investment decisions.
B. Receiving offers to buy a company's securities: Although it is not explicitly stated as illegal during the waiting period, receiving offers to buy a company's securities without an effective registration statement can be problematic. It is generally advisable to wait until the registration statement is declared effective before accepting offers to ensure compliance with the law.
Overall, during the waiting period, it is crucial to adhere to the regulations set forth by the Securities Act of 1933 to protect investors and ensure a fair and transparent securities market.
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The following is the forecasted demand for Olives Company over the next few months. Olives Company is considering using a pure chase strategy. The company has an inventory balance of 300 units and a work force capable of making 9000 units at the beginning of January. Stockout cost due to loss sale is estimated to be $800 per unit. Monthly inventory holding cost are $20 per unit. Olives estimates that adding capacity will cost $75 per unit and firing capacity will cost $50 per unit. Under this plan which of the following is true. Under this plan which of the following is true. Olives will have inventory cost at the end of January of $5500 Olives will spend $500 on hiring at the beginning of January Olives will spend $13,750 on firing at the beginning of January Olives will need to use overtime in April, May and June Olives holding cost will be be a total of $11000 for the entire plan None of the other answers are correct
The chase strategy is a strategy in which the production rate is adjusted to match the expected demand rate every month, resulting in a production quantity of the same amount as the sales forecast for that month. If the production rate is altered to match the expected demand rate every month, it is referred to as a "pure" chase strategy.
Let's see which of the following is true under this plan.
Olives will have inventory cost at the end of January of $5500.
Monthly inventory holding costs are $20 per unit, and the inventory balance at the end of January will be determined by the difference between the final output of the month (output in January = demand in January) and the starting inventory balance of 300 units.
That is, the inventory balance at the end of January will be the production - demand + starting inventory balance = 1000 - 1000 + 300 = 300 units. Therefore, the inventory cost at the end of January will be 300 x $20 = $6000. Hence, the given statement is incorrect. Olives will spend $500 on hiring at the beginning of January.
Since the production rate is adjusted to match the expected demand rate every month, Olives does not require new employees.
As a result, the given statement is incorrect. Olives will spend $13,750 on firing at the beginning of January.
The production rate is adjusted every month based on the expected demand rate. As a result, there is no need to lay off employees in a pure chase strategy, making the given statement incorrect.
Olives will need to use overtime in April, May, and June.
Since the production rate is adjusted to match the expected demand rate every month, there is no need to use overtime. As a result, the given statement is incorrect.
Olives holding cost will be a total of $11,000 for the entire plan.
The inventory holding cost is $20 per unit, and the maximum inventory balance is 1100 units, as determined by the minimum production rate (8000/7 = 1142.85 units) and the maximum production rate (10000/7 = 1428.57 units).
The holding cost per month is 1100 units x $20 = $22,000. As a result, the given statement is incorrect.
None of the other answers are correct.
Therefore, None of the other answers are correct.
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Major macroeconomic questions include all of the following except a. How do monopoly firms set prices and determine quantities to produce? b. Can inflation be reduced without generating additional unemployment? c. Are free trade agreements beneficial? d. What causes slowdowns in productivity growth?
Macroeconomics is a branch of economics that studies the overall behavior and performance of the economy. It examines the economy as a whole, rather than focusing on individual markets and individual participants.
The following questions are the major macroeconomic questions, except for one:The answer is option A.
This question belongs to the microeconomics branch of economics, which deals with individual markets and firms and their interactions.
Macro and microeconomics have different focuses.
Macroeconomics examines the overall economy, while microeconomics examines individual markets and individual participants.
Macroeconomics includes a broad range of topics, including inflation, unemployment, economic growth, and international trade.
Understanding macroeconomic concepts is critical for policymakers, businesses, and individuals to make informed decisions.
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which of the following documents does a domestic limited partnership require to be allowed to operate in another state?
To operate a domestic limited partnership in another state, the partnership typically requires a document called a Certificate of Authority.
A domestic limited partnership is a business structure that consists of one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who invest capital but have limited liability. When a domestic limited partnership wants to expand its operations into another state, it must comply with the laws and regulations of that state.
Obtaining a Certificate of Authority is a common requirement for foreign entities, including domestic limited partnerships, to conduct business in another state. The specific name and process for obtaining this document may vary from state to state, as it can be referred to as a Certificate of Authority, Certificate of Registration, Foreign Qualification, or a similar term.
The Certificate of Authority typically requires the domestic limited partnership to file an application or form with the Secretary of State or the relevant state agency responsible for business registrations. The application usually includes information such as the partnership's legal name, principal place of business, registered agent, purpose of the business, and details about the general and limited partners.
By granting the Certificate of Authority, the state acknowledges that the domestic limited partnership has met the necessary requirements to operate in that state. It allows the partnership to legally conduct business activities, enter into contracts, hire employees, open bank accounts, and comply with tax obligations within the jurisdiction.
So, a domestic limited partnership requires a Certificate of Authority (or similar document) to be allowed to operate in another state.
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choose the three factors that would lead a firm to buy externally rather than make a product or service.
The three factors that would lead a firm to buy externally rather than make a product or service are cost, expertise, and capacity.
Cost: External sourcing may be more cost-effective than internal production. For example, if the firm can buy the product or service at a lower price from an external supplier, it can save money on production costs, such as raw materials, labor, and overhead expenses. This cost advantage can make it more economical for the firm to buy externally. Expertise: External suppliers may have specialized knowledge and expertise in producing the product or service.
If the firm lacks the necessary skills or resources to develop the product or service internally, it may be beneficial to leverage the expertise of external suppliers. This can ensure higher quality, innovation, and efficiency in the final product or service. Capacity: External sourcing allows the firm to scale up production without investing in additional infrastructure or resources. If the firm experiences a sudden increase in demand or needs to meet a specific deadline, buying externally can provide the necessary capacity to meet customer requirements without interrupting internal operations.
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ABC experienced the following changes in its capital structure during 20×4 : - - Outstanding on January 1, 20X4, 90 common stock shares - Sold 120 common shares on February 1, 20X4 - Sold 60 common shares on April 1, 20X4 - Issued a 2-for-1 split on August 1, 20X4 ABC's weighted average number of common shares outstanding for 20X4 would be: a. 245 b. 540 c. 490 d. 315
C. 490. ABC's weighted average number of common shares outstanding for 20X4 is 490. To calculate this,
we start with the initial number of shares on January 1, 20X4, which is 90. Then, we add the shares sold during the year, which are 120 on February 1, 20X4, and 60 on April 1, 20X4. This brings the total to 270. However, there was a 2-for-1 stock split on August 1, 20X4. So, we multiply the total by 2, resulting in 540 shares. Finally, we divide 540 by 2 to adjust for the stock split, giving us the weighted average number of common shares outstanding for the year, which is 490. This represents the average number of shares throughout the year, taking into account the stock split.
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10 Which field should be the primary keysfor the ITEM table? Choose all that apply. Invoice Invoice Date Order Date Custld Item# Description Price Qty Co. Phone Contact
The ITEM table's primary key should be based on the following fields:
Item#: Each item in the table is identified by its unique Item# in the field.
Each record in a table has a primary key that ensures that each record can be uniquely identified and accessed. Because it uniquely identifies each item, the Item# column here acts as the ITEM table's primary key.As they might not be unique for each item, the additional fields indicated (Invoice, Invoice Date, Order Date, Custld, Description, Price, Qty, Co. Phone, and Contact) do not seem appropriate as primary keys for the ITEM table.
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"social institutions, including families and schools, that help to shape individuals basic political beliefs and values" are known as:
The social institutions that help shape individuals' basic political beliefs and values are known as agents of political socialization. These agents play a crucial role in transmitting political ideologies, attitudes, and values to individuals as they grow and develop within a society.
Family and schools are considered primary agents of political socialization. Within the family, parents or guardians often introduce children to basic political concepts, values, and beliefs. They may discuss political issues, express their own opinions, and provide a foundation for understanding the political system. Schools, on the other hand, have a formalized educational role in shaping political beliefs through civics education, history classes, and other related subjects. Teachers, textbooks, and curricula can influence students' understanding of political processes, institutions, and ideologies.
Other agents of political socialization include peer groups, religious institutions, the media, and community organizations. These entities contribute to individuals' political socialization by providing additional perspectives, information, and experiences that shape their political beliefs and values.
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The following information relates to the statement of Financial Position as at December 31, 2021 Net Operating Profit before tax was K280,000, assume tax is 40%, dividend declared amounts to K30,000. Required Compute and Comment on your finding on the following ratios: a. Current Assets b. Acid Test Ratios c. Inventory to Working Capital Ratio d. Debt to Equity Ratio e. Proprietary Ratios f. Capital gearing Ratio 9. Current Assets to Fixed Assets Ratio h. Return on Total Resources i. Return on Capital Employed 1. Return on Shareholder's Funds Total (25 marks) QUESTION TWO a. Compare and contrast the Principle Based Accounting Standards to Rules Based Accounting Standards b. Various Stakeholders who receive accounting information differ in their informational needs. Discuss Six of these, citing their areas of interest.
The financial position statement gives information on the financial position of a company at a certain time. This information is valuable to investors, creditors, suppliers, and other stakeholders in assessing the company's financial situation and performance.
The following information relates to the statement of financial position as of December 31, 2021:Net operating profit before tax was K280,000.Tax is assumed to be 40%.Dividend declared amounted to K30,000.
Debt to Equity Ratio: The debt to equity ratio is 0.23. This indicates that the company is not using too much of its equity to finance its operations.
Return on Shareholder's Funds Total: The return on shareholder's funds total is 27.43%.
b) Comparison between Principle-based and Rule-based Accounting Standards:Principle-based accounting standards are principles or guidelines that must be applied to accounting practices and financial statements.
Customers: Customers are interested in the company's financial health and stability, as well as its ability to provide high-quality products and services.
Suppliers: Suppliers are interested in the company's ability to pay its debts and its financial stability.
Regulators: Regulators are interested in the company's compliance with laws and regulations.
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What is the name of products sold by one country to another?
Export is the name of products sold by one country to another. Export describes a good or service that is made in one nation but offered to a customer abroad. One of the earliest types of economic transfer is exporting, which takes place often across nations.
Exports are products or services that come from one nation but are offered to customers or markets abroad. In most cases, these products are transported or exported from one nation to another with the aim of being consumed or used by people, organizations, or governments in the receiving nation. Exports are important in international trade and help a nation's economy by bringing in money, supporting job creation, and providing economic opportunities.
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a family's budget is $1,000 for two goods, gas and meals. the price of an average meal is $50 and gas costs $5 per gallon. the family buys 100 gallons of gas. how many meals can they buy to stay within their budget constraint? a. 10 b. 9 c. 11 d. 13
The family can buy 10 meals while staying within their budget constraint of $1,000. The cost of gas is $500 for 100 gallons, leaving $500 for meals, allowing them to purchase 10 meals at $50 each. The correct option is A).
To find the number of meals the family can buy while staying within their budget constraint, we need to calculate the total cost of gas and meals and compare it to their budget of $1,000.
The cost of gas can be calculated as the price per gallon multiplied by the number of gallons purchased:
Gas cost = $5/gallon × 100 gallons = $500
The cost of meals can be calculated by dividing the remaining budget after accounting for gas cost by the price per meal:
Meal cost = $1,000 - $500 = $500
Number of meals = Meal cost / $50 per meal = $500 / $50 per meal = 10 meals
Therefore, the family can buy 10 meals and stay within their budget constraint.
The correct answer is option a. 10 meals.
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ABC Co. shares are currently trading for $54. Assume t ere is no new information about the company. If the company does a 10 percent bonus slare issue, what will the approximate price of the share be after the issued?
Select one:
O a. $49.09 per share
b.
$54.00 per share
c. $47.80 per share
d. $48.60 per share
Bonus Share issue is when a company distributes its accumulated earnings as shares among its shareholders. The number of shares increases but their value per share decreases. For instance, if a company has issued 100,000 shares with a total value of 5.4 million (54 per share), and it issues 10,000 bonus shares,
It will have a total of 110,000 shares. Each share's value, on the other hand, will be 49.09 (i.e., the total value divided by the number of shares, i.e., 5.4 million divided by 110,000 shares).Therefore, the approximate price of the share will be 49.09 after the company does a 10% bonus share issue (option A).Formula used:Number of shares after the bonus issue = Total shares before the bonus issue * (100%+ bonus%)
Therefore, the number of shares after the bonus issue= 100,000 * (100% + 10%) = 110,000 shares New share price = Total value after bonus issue / Number of shares after the bonus issue New share price = 5.4m / 110,000 shares New share price= 49.09 per share.
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: On December 1. 2021 Lansing On December 31,2021 the company made the appropriate year-end adjusting entry for interest: On March 1, 2022, Joshua Smith pays Lansing Compony the note and interest in full as promised What journal entry should the compe hake to record the collection of cash on March 1, 2022? (Round your answers to the nearest vhole dollar.) On December 1. 2021 Lansing On December 31,2021 the company made the appropriate year-end adjusting entry for interest: On March 1, 2022, Joshua Smith pays Lansing Compony the note and interest in full as promised What journal entry should the compe hake to record the collection of cash on March 1, 2022? (Round your answers to the nearest vhole dollar.)
Journal Entry to record the collection of cash on March 1, 2022 Lansing Company is a company that made the appropriate year-end adjusting entry for interest on December 31, 2021. Joshua Smith pays the note and interest in full as promised on March 1, 2022. To record the collection of cash on March 1, 2022, the company will make the following journal entry: Cash account, Debit$5,687; Notes receivable account, Debit$5,000; Interest income account, Credit$687.
Explanation: On December 31, 2021, Lansing Company made an adjusting entry to recognize the interest earned on the note for the month of December. Therefore, the interest to be recorded when the payment is received on March 1, 2022, is the interest earned for January and February 2022 which is equal to $687. Hence, the cash account is debited for the total amount received from Joshua Smith, which is $5,687. The Notes Receivable account is debited for the principal amount of the note of $5,000, while the interest income account is credited for $687, which is the interest earned.
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what are the intellectual assets for the ActivePure company...please provided in detail.
Also send the relevent information....exact intellectual assets..
thankyou so much
Active Pure company has various intellectual assets that are exclusive to the company. These assets include patents, trademarks, copyrights, and trade secrets. Patents are legal protections for the company's invention or product design, which prevent others from making or using the same design or invention.
The company has several patents that protect its technologies, such as the Active Pure technology, the Active Pure Catalytic Carbon, and the Active Pure Photocatalytic Oxidation. Trademarks are logos, names, and phrases used to identify the company's products or services.
Active Pure has several trademarks, including Active Pure, Pure & Clean, Beyond Guardian Air, and Active Pure Catalytic Carbon. These trademarks distinguish the company's products and services from those of its competitors. Copyrights protect the company's original creative works, such as literature, music, or artwork.
Active Pure may hold copyrights for its marketing materials, website content, and software. Trade secrets are confidential and proprietary information that the company uses to gain a competitive advantage. This information may include formulas, manufacturing processes, or customer lists.
Active Pure may have trade secrets related to its technology, production processes, or marketing strategies. In summary, Active Pure has a range of intellectual assets, including patents, trademarks, copyrights, and trade secrets.
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When the government wants to build a highway that cuts across the property of many owners, the main economic justification for taking private property is it: a. overcomes high transaction costs caused by potential holdout problems. b. compensates landowners for the value of their property. c. reduces the incentive of property owners to make inefficient investments in their property. d. makes it more likely that the government will undertake socially valuable projects.
The correct option is A, that is, the main economic justification for taking private property when the government wants to build a highway that cuts across the property of many owners is it overcomes high transaction costs caused by potential holdout problems.
Eminent domain is the power that the government has to take the property from citizens or private individuals for public use by paying a fair and reasonable compensation. A highway, for example, would be for the general public use, and eminent domain would be used in acquiring the property. The use of eminent domain in acquiring property for public use has been justified as an economic way of overcoming high transaction costs caused by potential holdout problems.
Individuals or private landowners may hold out on the sale of their property, causing an increase in transaction costs, which the government would have to cover. A holdout problem is when a property owner declines to sell his/her property at the offered price, thus causing an increase in the transaction costs of the acquiring party.
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Which of the following HR roles is most commonly outsourced?
Operational and employee advocate role
Administrative role
Strategic role
Organizations frequently outsource HR roles to cut costs and increase efficiency. The most commonly outsourced HR role is the administrative role. In order to run a business efficiently, this job is critical. This includes activities such as maintaining staff records, attendance, benefits, and salary administration. Outsourcing these tasks saves money and allows firms to concentrate on their core competencies.
Outsourcing HR can also provide strategic benefits, including lower costs, higher quality, and increased efficiency. This is especially true when it comes to companies that lack the necessary resources and expertise to execute HR activities. The use of outside experts for HR management may help a business save money, streamline operations, and increase productivity. It is critical to remember that outsourcing HR roles comes with its own set of risks, and businesses must conduct thorough research and choose reliable providers before outsourcing. Overall, the administrative role in HR is the most commonly outsourced.
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Businesses that are corporations (including C-corps, S-corps, LLCs, and LLPs) must register in the state or states where they conduct business. Many states have punitive or punishing incorporation rules like California, charging businesses of any size $800 annually just to exist. Other states like Nevada and Delaware will incorporate any business anywhere in the US and charge little to no fees. The laws of Nevada and Delaware regarding businesses have long been recognized by other state entities. The incentive to do business with these states is strong because the regulatory and fiscal environment is much friendlier than states like California, which is one of the worst states to do business in.
What about multinational corporations, like Apple, who offshore their entire legal structure to countries with little to no tax liabilities?
Check out this article about Apple (https://www.irishtimes.com/business/apple-s-cash-mountain-how-it-avoids-tax-and-the-irish-link-1.3281734.) and their move from Ireland to the island of Jersey- not New Jersey the state, Jersey is a tiny island in the English Channel with incredibly favorable tax laws.
Do you think that Apple, Inc. should be incorporated in California where they are "headquartered?" If so, justify why you think so considering California is not a business friendly state. If not, explain why states should allow companies like Apple to conduct business in their state without being legally registered. Whichever position you take, please provide your rationale.
Expectations:
Your first response should be a minimum of 100 words
Multinational corporations, such as Apple, that offshore their entire legal structure to countries with little to no tax liabilities do not need to register in the state where they conduct business. However, this raises the question of whether Apple, Inc. should be incorporated in California, where they are headquartered, considering that California is not a business-friendly state.
In my opinion, Apple should be incorporated in California, where they are headquartered, despite the state's unfavorable business environment. This is because Apple, as a multinational corporation, benefits from California's infrastructure and resources, such as Silicon Valley's tech talent pool, which is critical to Apple's success in the tech industry. Furthermore, as a corporation, Apple is obligated to pay taxes in the United States and should contribute to the state where they are headquartered, even if that state has high taxes and a poor business environment.
However, if states allow companies like Apple to conduct business in their state without being legally registered, it sets a dangerous precedent that allows corporations to avoid their legal and financial responsibilities. States should require all corporations, regardless of size or revenue, to register and pay taxes in the state where they conduct business. This ensures that corporations contribute to the communities and states where they operate, and also prevents them from taking advantage of more favorable tax laws in other countries or states.
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Risk aversion is best explained by constant marginal utility of incomé. increasing marginal utility of income. decreasing marginal utility of income. timidity.
Risk aversion is best explained by decreasing marginal utility of income. A person who has decreasing marginal utility of income will be more risk-averse because they will experience less pleasure or satisfaction for each additional dollar they earn.
This makes them less willing to take risks because the potential gain does not outweigh the potential loss. This concept is related to the diminishing marginal utility of income, which states that the more income you have, the less each additional dollar is worth to you.
Furthermore, when a person has a lot of wealth, they are less likely to take risks that could jeopardize their current situation. People who are risk-averse are more likely to choose safe investments with low returns rather than high-risk, high-reward investments.
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How much is accumulated over two years in each of the following savings plans? a. $60 at the end of each month for 24 months at 24 percent compounded monthly b. $50 at the end of the first month, $51 at the end of the second month, and so forth, increasing by $1 per month, at 24 percent compounded monthly Click the icon to view the table of compound interest factors for discrete compounding periods when i=2%. a. There would be $ accumulated in the account after two years. (Round to the nearest cent as needed.) b. There would be $ accumulated in the account after two years. (Round to the nearest cent as needed.)
Using the formula for the future value of a series of deposits, we can calculate the future value of these deposits.
[tex]FV = PMT[((1 + i)n - 1) / i][/tex]where: PMT is the periodic payment, i is the interest rate per period, n is the number of periods.
We can use the table of compound interest factors to calculate the future value factor (FVF) that corresponds to our interest rate (2% per month) and our number of periods (24 months). FVF is 1.56331.The periodic payment increases by $1 each month, so we need to find the sum of a sequence of payments that increase by $1 each month.
We can use the formula for the sum of a sequence of payments that increase by a fixed amount each time:
[tex]S = [n/2][2a + (n-1)d][/tex] where: S is the sum of the sequence, n is the number of terms in the sequence, a is the first term of the sequence, d is the common difference between terms. The first term of the sequence is $50 and the common difference is $1.
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Design your own Talent Program framework/ Talent development program by using these as the first steps: 1.Sourcing 2.Screening. Make sure to give suggestions and describe how you'll carry out each step. Offer step by step explanation for each step.
Talent development program or talent management program is a set of strategies, techniques, and practices that help organizations to identify, attract, develop, and retain their top talents. Here is a framework for developing an effective talent program:
Step 1: SourcingSourcing is the process of identifying and attracting potential candidates for your talent program. Here are some suggestions on how to carry out this step:Build a talent pipeline: Establish a talent pipeline that allows you to reach out to potential candidates quickly and easily. Use social media, job boards, and other online platforms to build relationships with potential candidates.Networking:
Attend industry events and conferences to network with professionals who have the skills you're looking for. Attend college job fairs and open houses to recruit new graduates.Employee referrals: Use employee referrals to identify potential candidates from your existing workforce.Job postings: Create compelling job postings that attract the right candidates. Make sure the job description is clear, concise, and accurate.Step 2: ScreeningScreening is the process of evaluating potential candidates to determine if they have the skills and experience needed to participate in your talent program.
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. Explain the following a. What do you mean by real balance effect (RBE)? Explain how RBE reemerges down Ward sloping AD curve even in the case of liquidity trap and interest-insensitive investment demand b. A Labor supply curve under classical model will be positively sloped even if leisure is an inferior good. True or false? Graphically explain. c. Let's suppose economy is at full stock equilibrium. Government uses expansionary fiscal policy which creates budget deficit. Graphically compare moncy and bond financed budget deficit if there is wealth effect both in IS and LM curves. d. It is argued that the existence of involuntary unemployment in Keynesian model is due to failure of money wages to fall. Do you agree with the argument? Graphically justify your point of view.
Real Balance Effect (RBE):The real balance effect is an economic principle that describes how changes in price levels impact aggregate demand in the short run.
The RBE proposes that when there is a decrease in the price level, consumers will experience an increase in their real income, which will encourage them to purchase more goods and services. Similarly, consumers' real income decreases, and this reduces their purchasing power.
In a liquidity trap, interest rates are already at zero, which means that further decreases in the interest rates will not encourage firms to invest more because they are not sensitive to changes in interest rates. which increases the demand for money.
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Best Company Partial Balance Sheets Debit Accounts Cash Acount receivable Inventory Credit accounts Account payable Allowance for doubful accounts
as of December 31
2022
$42,000
70,000
30,000
$60,000
2,250
2021
$33,750
60,000
24,000
$72,000
1,500
Additional information for 2022 : Net income was $2,500 Bad debt expense was $5,400. Sales was $530,000 Write off was $4,650 What is the amount of cash received from customer diring A )$5/5,350 B) $524,850 C) $534,150 D) $530,250.
Calculation of Cash received from Customers for the year 2022 is given below: Calculation of Net credit sales for the year 2022 = Gross Sales - Sales Return Net credit sales for the year.
2022 = $530,000 - $4,650Net credit sales for the year 2022 = $525,350
Calculation of Average Account Receivables for the year 2022 =
(Opening Balance + Closing Balance) / 2Average Account Receivables for the year
2022 = ($60,000 + $70,000) / 2Average Account Receivables for the year 2022 = $65,000
Calculation of Receivables turnover ratio for the year 2022 = Net Credit Sales / Average
Account Receivables Receivables turnover ratio for the year 2022 = $525,350 / $65,000
Receivables turnover ratio for the year 2022 = 8.078
Assuming that all credit sales are on account and the collection of accounts receivable is evenly distributed throughout the year. Calculation of Cash received from Customers for the year 2022 = Net Credit Sales / Receivables turnover ratio Cash received from Customers for the year
2022 = $525,350 / 8.078Cash received from Customers for the year
2022 = $64,950 , the correct option is A) $5,350.
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ABC Inc. provides Kelly with a company car. The car is leased for
500/month (including 13% HST and excluding insurance) and was made available to her for eight months. ABC pays all of the operating costs which amounted to $3,500. Kelly drove 13,000 kilometers of which 8,000 were for business. What is the minimum taxable benefit that Kelly must include on her personal tax return?
a. 1000
b 1600
c 2667
d 2400
The minimum taxable benefit that Kelly must include on her personal tax return is $200.
To calculate the minimum taxable benefit for Kelly, we need to consider the personal use of the company car.
First, we need to determine the total lease cost for the car:
Monthly lease cost (including HST) = $500
Lease cost for 8 months = $500/month * 8 months = $4,000
Next, we subtract the operating costs paid by the company:
Operating costs = $3,500
Total benefit for the leased car = Lease cost - Operating costs
Total benefit = $4,000 - $3,500 = $500
To calculate the taxable benefit, we need to determine the percentage of personal use of the car:
Personal use percentage = Personal kilometers / Total kilometers
Personal use percentage = 5,000 km (13,000 km - 8,000 km) / 13,000 km = 0.3846 (rounded to four decimal places)
Now we calculate the taxable benefit:
Taxable benefit = Total benefit * Personal use percentage
Taxable benefit = $500 * 0.3846 = $192.31 (rounded to two decimal places)
However, the taxable benefit must be rounded to the nearest multiple of $100. In this case, it would be rounded up to $200.
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Why Women Entrepreneurs Are Attracted to Small Business. Really dig into this and tell me not only why, but what you think.
Women entrepreneurs have made great strides in business in recent years. Although women still own fewer businesses than men, their numbers are increasing.
Women-owned businesses have increased by 58 percent since 2007. In the United States, women now own more than 11.6 million businesses, employing nearly 9 million people and generating more than $1.7 trillion in revenue.Women entrepreneurs are often attracted to small businesses for several reasons. One is the flexibility that comes with owning a small business. Women can work from home, set their own hours, and balance their business and family responsibilities.
This is particularly important for mothers who want to be available to their children. Small businesses also offer women the chance to work in industries that they enjoy or are passionate about, rather than being limited by gender stereotypes.Women entrepreneurs are also drawn to small businesses because they offer opportunities for growth and advancement.
In a small business, women can have a greater impact and make decisions that affect the future of the company. They can also learn new skills and take on new responsibilities that they might not have in a larger organization. This can be particularly important for women who want to start their own business but lack the experience or education to do so. Starting a small business allows women to gain the experience and knowledge they need to succeed.
Moreover, small businesses often provide greater financial freedom and independence. Women entrepreneurs can set their own prices and choose their own clients, allowing them to earn more money than they would in a traditional job. They also have the potential to grow their businesses and become more profitable over time.
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What are the key differences between FASB standard No. 141R and
the Standard No. 164?
FASB standard No. 141R and the Standard No. 164, both are accounting standards by FASB (Financial Accounting Standards Board).
The former is about business combination, whereas the latter is about accounting for assets.
In this answer, we will discuss the key differences between these two standards:
FASB standard No. 141R
This standard came into existence in 2007, and it replaced FASB Statement No. 141, Business Combinations.
FASB 141R provides comprehensive guidance for accounting for business combinations and expands the definition of business combination to include acquisitions of all assets and liabilities by any means.
Standard No. 164This accounting standard by FASB was released in 2009, and it provides guidance on how to account for assets when changing accounting methods.
The standard is applicable to both public and private companies, and it applies to all types of assets, including tangible, intangible, and non-financial assets.
It’s aimed to provide a uniform method for companies to adjust their accounting for new and existing assets.
Here are some key differences between the two standards:
FASB 141R deals with business combinations, whereas Standard No. 164 deals with accounting for assets.
The scope of these two standards is different.
FASB 141R is more specific about its applicability than Standard No. 164. FASB 141R applies only to business combinations,
while Standard No. 164 applies to all types of assets.
FASB 141R is more complex than Standard No. 164, and it requires more detailed disclosures in financial statements.
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is increasing the amount of inventory on hand relative to sale
Johnson Company has a high inventory turnover that has increased over the last year. All of the following statements are true regarding this situation except Johnson Company
Inventory turnover ratio is an essential financial metric that shows how many times a company sells and replaces its inventory over a specific period.
A high inventory turnover ratio shows that a company is selling its inventory stock quickly and effectively, while a low ratio suggests the opposite. Johnson Company's high inventory turnover shows that it is effectively selling its inventory stock over the last year, which implies the business has an effective sales strategy.However, increasing the amount of inventory on hand relative to sales can lead to an adverse effect on Johnson Company's profitability. It means that the company is tying up a significant amount of its working capital in the inventory, which could have been invested in other profitable ventures. Excess inventory can become obsolete or damaged, leading to losses for the company. Johnson Company should strive to strike a balance between inventory levels and sales to maximize profitability.
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On March 10, One Eleven Music Studio purchases a new student drum kit for $1,500 and received an invoice from Pearl to be paid within 30 days. The following entry is booked: Select one: A> Credit Accounts Payable 1,500 and credit Supplies 1,500 B> Debit Supplies 1,500 and credit Accounts Payable 1,500 C> Debit Asset 1,500 and credit Cash 1,500 D> Debit Equipment 1,500 and credit Accounts payable 1,500
Effective purchasing contributes to the overall success and profitability of a business.
The correct entry for the purchase of a new student drum kit would be:
A> Credit Accounts Payable $1,500 and debit Supplies $1,500
The entry would be:
Debit Supplies 1,500
Credit Accounts Payable 1,500
This entry reflects the increase in the Supplies asset account (debit) and the increase in the liability account Accounts Payable (credit) for the amount of $1,500, representing the purchase of the drum kit on credit. Purchasing is a fundamental process in business that involves acquiring goods or services from external sources. It plays a crucial role in supply chain management and overall organizational success. The purchase process typically involves identifying needs, selecting suppliers, negotiating terms, placing orders, and receiving and paying for the goods or services. Effective purchasing practices aim to obtain quality products at competitive prices, ensure timely delivery, manage supplier relationships, and optimize inventory levels. By implementing sound purchasing strategies, organizations can enhance operational efficiency, reduce costs, maintain product quality, and meet customer demands.
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Ruff Games, Inc., wishes to acquire a controlling interest in Smart Toy Company by buying its stock. Smart Toy is
A an alien corporation.
B an acquiring corporation.
C a receiver.
D a target corporation.
Smart Toy Company can be classified as a D, a target corporation. When Ruff Games, Inc. aims to acquire a controlling interest in Smart Toy Company by purchasing its stock, Smart Toy Company becomes the target of the acquisition. In this scenario, Ruff Games, Inc. is the acquiring corporation, as mentioned in option B.
To provide some more information, a target corporation is the entity that is being sought after for acquisition or takeover. It is the company that another organization wants to gain control over by buying its stock or shares. The acquiring corporation, on the other hand, is the entity that is seeking to gain control over another company through the acquisition process.To summarize, the correct answer is D, a target corporation, as Smart Toy Company is the company that Ruff Games, Inc. wants to acquire.
In this case, Ruff Games, Inc. intends to acquire a controlling interest in Smart Toy Company, indicating that Smart Toy Company is the target corporation. It's important to note that an alien corporation (option A) refers to a company incorporated under the laws of a foreign country, which is not applicable in this context. Similarly, a receiver (option C) typically refers to a person or entity appointed by a court to manage the affairs of a bankrupt company, which is also not relevant here .To summarize, the correct answer is D, a target corporation, as Smart Toy Company is the company that Ruff Games, Inc. wants to acquire.
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