Problem 3-1 A adjusting entries are discussed below , the letters are used beside each entry to describe the journal entries .
What is prepaid insurance?The term "prepaid insurance" describes insurance premiums that are paid up front. A premium is a periodic payment paid on a regular basis to a provider in exchange for receiving insurance benefits. Premiums are typically paid each month. Since insurance is usually paid for in advance, it makes a great example of a prepaid expense. A corporation would record a liquid assets of $12,000 at the time of the payment to reflect the prepaid amount if it paid $12,000 for an insurance plan that covered the following 12 months. Insurance that has been prepaid is insurance. In addition to other assets like cash, accounts receivable, inventories, and so on, it is included under assets on the balance sheet.
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Issue 3-1 Below, adjusting entries are discussed; the journal entries are described using the letters next to each entry.
How does prepaid insurance work?Prepaid insurance premiums are those that are paid in full in ahead. A recurring payment made on a regular basis to a provider in exchange for insurance benefits is known as a premium. Usually, premiums are paid each month. Insurance is a wonderful example of a prepaid cost because it is often paid for in advance. If a firm paid $12,000 for an insurance plan that covered the upcoming 12 months, it would record a liquid asset of $12,000 at the time of the payment to represent the prepaid amount. Prepaid insurance is considered to be insurance. It is shown under assets on the balance sheet together with other assets like cash, accounts receivable, inventory, and so on.
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Which of the following is the easiest and most popular technique for appraising employee performance?A) alternation rankingB) graphic rating scaleC) forced distributionD) constant sum rating scale
The correct option is (B) i.e. graphic rating scale is the easiest and most popular technique for appraising employee performance.
A graphic rating scale is a type of performance appraisal method that involves rating an employee's performance on a scale of 1 to 10 or 1 to 5, with corresponding descriptions of performance levels. The scale is usually divided into several categories such as job knowledge, quality of work, productivity, etc. The supervisor or manager then rates the employee's performance in each category, providing a quantitative measure of the employee's performance. This method is popular because it is easy to understand and use, it is objective, and it can be used for a variety of jobs. It also allows for an easy comparison of performance between employees, and it also allows for a clear communication of expectations to employees. Alternation ranking, forced distribution, and constant sum rating scale are also methods used to evaluate employee performance, but they are less popular and more complex than the graphic rating scale. Alternation ranking involves ranking employees from best to worst. Forced distribution involves placing a certain percentage of employees in different performance categories. Constant sum rating scale involves allocating a fixed number of points among several performance factors.
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Assuming Elena is guaranteed to sell 100 plates at the Brain Food event, what's the relevant benefit of attending it
The relevant benefit is guaranteed profit.
Profit is a source of income given to the owner throughout a successful market-producing procedure. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. Individuals from an organisation receive guaranteed income from partners in exchange for their time, services, or financial contributions.
The payments are essentially free remuneration for partners, regardless of the organization's success. Since she will be selling 100 plates at the Brain Food event, Elena will specifically benefit by going because she is assured of making a profit of at least $100. She has a fantastic chance to boost her income and promote her company at the same time.
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a state or local government has the following funds: special revenue fund pension (and other employee benefit) trust fund investment trust fund permanent fund enterprise fund custodial fund internal service fund capital projects fund private-purpose trust fund how many governmental funds does this entity have? 9 5 3 4
he monies utilized to support public parks, libraries, universities, and wastewater management are a few example of special revenue funds.
What about Capital One as a bank?Capital One Bank: Is it secure? To protect the security of account holders and personal information, Capital One takes a number of security precautions. These consist of SSL encryption, fraud prevention, locking functionality for debit cards, and more. In 2019 there was a security incident concerning credit card accounts at Capital One.
What is the capital of a bank?Box 1: Capital requirements for banks and regulatory capital. Banks issue loans to individuals and businesses. They use both capital (stock) and debt to finance their lending operations. The liabilities portion of a balance sheet is made up of capital and debt: The most dependable source of funding is a bank's original capital.
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For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?a. The $20 million payment that the firm pays each year for accounting services,b. The cost of the steel that is used in producing automobiles,c. The rent that the firm pays for office space in a suburb of St. Louis,d. All of the above are correct.
For a large firm that produces and sells automobiles, b. The cost of the steel that is used in producing automobiles, would be a variable cost.
An expense for the company that varies according on how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
A manufacturing company's raw material and packaging costs, or a retail business' credit card transaction fees or shipping costs, which increase or decrease with sales, are examples of variable costs. A fixed cost and a variable cost can be compared.
Per unit produced, the variable cost of production is a fixed sum. Variable costs will rise as output and production volume do as well. On the other hand, the variable costs related to production will therefore go down if fewer products are created.
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mitchell recognizes revenue for the project at a point in time and did not satisfy any of the performance obligations for revenue recognition in year 1. what amount should mitchell recognize as gross profit for year 2?
Mitchell doesn't fulfil any of the performance requirements for revenue recognition in year 1 and only acknowledges revenue for the project at a specific point in time.
What is performance give example?
A performance is when someone performs anything with the purpose of amusing an audience, such as singing, dancing, or acting. They were performing Bizet's Carmen inside the theatre, and she was playing the betrayed Medea. Synonyms include portraying, playing, acting, and staging. More alternatives to performance. nice, amazing, or subpar performance He was let go for doing poorly. John's leaving had nothing to do with how he performed. formal law
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what type of operations serve to control the nation's money supply and influence interest rates?
The type of operations that serve to control the nation's money supply and influence interest rates are monetary policy operations.
Monetary policy is the process by which a central bank, such as the Federal Reserve in the United States, manages the supply of money in the economy to achieve specific macroeconomic goals such as price stability, full employment, and economic growth.
The Federal Reserve uses several monetary policy tools to control the money supply and influence interest rates, including open market operations, the discount rate, and reserve requirements.
Open market operations refer to the buying and selling of government securities on the open market by the Federal Reserve. By buying securities, the Federal Reserve increases the money supply, and by selling securities, it decreases the money supply.
The discount rate refers to the interest rate at which commercial banks can borrow money from the Federal Reserve, while reserve requirements refer to the amount of money that commercial banks must hold in reserve against deposits.
By adjusting these tools, the Federal Reserve can influence the money supply and interest rates, and therefore, the overall performance of the economy.
In summary, monetary policy operations are the type of operations that serve to control the nation's money supply and influence interest rates. The Federal Reserve uses tools such as open market operations, discount rate, and reserve requirements to control the money supply and influence interest rates to achieve specific macroeconomic goals.
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huge differences in the wealth of relatively similar countries such as north and south korea are an example of how different and political conditions affect businesses. multiple choice question. cultural social economic geographic
Huge differences in the wealth of relatively similar countries such as North and South Korea are an example of how different economics and political conditions affect businesses.
How economic and political conditions affect businesses?The economy encompasses all actions carried out in a nation that are related to the production, usage, and distribution of products and services. Business operations are significantly impacted by the economy. Consumer spending has an impact on prices, investment choices, and the number of employees that businesses hire.
One of the main difficulties in doing business internationally is the subtleties of a given nation's politics. Political leaders frequently make decisions that affect taxation, transportation, education, and labor legislation, all of which have an impact on business.
The market's changing economic conditions have an impact on all businesses, whether they are domestic or global. Among the various economic elements that influence business are interest rates, supply and demand, the recession, inflation, etc.
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choose the one alternative that best completes the statement or answers the question. 1) which of the following would shift the demand curve for new textbooks to the right? a) a fall in the price of paper used in publishing texts b) a fall in the price of new textbooks. c) a fall in the price of equivalent used textbooks d) an increase in the number of students attending college
A fall in price of paper used in the publishing texts is best alternative that completes the statement or answers the question.
What is publishing?Making information, books, music, software, and other items available to the public, whether for a fee or for free, is known as publishing. The scope has broadened with the introduction of digital information systems to cover digital publishing, including websites, social media, digital periodicals, ebooks, and video game publishing. The commercial publishing sector includes thousands of small independent publishers in addition to massive global giants like News Corp, Pearson, Penguin Random House, and Thomson Reuters. Its segments include academic and scientific publishing, trade and retail publishing of fiction and nonfiction, and publishing for education. Governments, civil society organizations, and private businesses all publish for a variety of administrative, compliance, commercial, research, advocacy, and public interest reasons.
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a specified dollar amount that the patient must pay annually before an insurance plan begins covering health care and insurance plan begins covering health care costs is called:
A specified dollar amount that the patient must pay annually before an insurance plan begins covering health care and insurance plan begins covering health care costs is called : Deductible
What does it mean deductible in an insurance policy ?The deductible in an insurance policy is the sum that must be paid out of pocket by the policyholder before the insurance company will cover any costs. In common parlance, the term "deductible" may be used to refer to any one of a number of clause types that insurance firms employ to establish a payment threshold for policies.The sum you pay before your insurance plan begins to pay for eligible health care services. For instance, if your deductible is $2,000, you would be responsible for the first $2,000 of covered treatments. After paying your deductible, you often simply have to make a copayment.You must pay a deductible before your health insurance begins to provide benefits.
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question 1 your supervisor gives you a new data analysis project with unclear instructions, and you become frustrated trying to figure out how to proceed. which actions can you take next that demonstrate a responsibility to move the project forward? select all that apply.
All of these processes are a part of data analysis, including data gathering, organization, connecting of data to show how variables relate to one another, interpretation of the data, and reporting of findings. The method used to acquire the data will usually dictate the sort of analysis that is required.
How have you acted in an ambiguous situation at work?When describing the murky situation to your interviewer, be sure to include how you handled it in your previous job by using specific techniques. Highlight how you organized your teammates or came up with a strategy to resolve the confusing problem to show how you contributed to finding a solution.
How do you handle ambiguity when addressing challenges in a project?You can combat uncertainty by being aware of its causes. After that, employ the appropriate strategies to address the causes, eradicating them if possible or reducing the risk that they will occur, as well as managing their effects.
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which type of listing agreement protects the listing agent the most, regardless of who later sells the property?
Exclusive right can sell listing: Under this arrangement, the agent receives compensated whether the property is sold by the agent or perhaps the seller.
What kind of listing offers the broker the most security?The broker has the most protection and security with an exclusive right-to-sell listing, and the seller typically receives the most support. This Agreement provides that regardless of who sells the property—even the seller—the Broker shall be entitled to the contractually agreed upon fee or commission.
Which three listing types are most prevalent?To find a buyer for a property, there are three different sorts of real estate listings utilised in commercial real estate. A unique agency listing, a unique right to sell.
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the process of creating a product in the entertainment business, whether it be a movie or video game, is called
The process of creating a product in the entertainment business, whether it be a movie or video game, is called storyboard.
What does a storyboard explain?
A storyboard is a visual representation of how your video will progress, shot by shot. It consists of a number of squares with images or illustrations depicting each shot, along with comments on what's happening in the scene and what is being said in the screenplay at that point in the shot.
Why do storyboards get used?
A storyboard serves as a planning tool. It is produced in advance of the creation of the finished product and is employed to illustrate a narrative or highlight scene changes.
This will frequently be determined by a timeline, but it may also be determined by the user's navigation or selection choices.
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if maria is willing to pay $50 for a sweatshirt, how much consumer surplus does she obtain if the market price for sweatshirts is $27.50 each, and she purchases one sweatshirt?
The purchases one sweatshirt is $22.50.
What is market price?The market price is the current price at which an asset or service can be bought or sold. The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price.The market price is used to calculate consumer and economic surplus. Consumer surplus refers to the difference between the highest price a consumer is willing to pay for a good and the actual price they do pay for the good, or the market price. Economic surplus refers to two related quantities: consumer surplus and producer surplus. Producer surplus may also be referred to as profit: it is the amount that producers benefit by selling at the market price (provided that the market price is higher than the least that they would be willing to sell for). Economic surplus is the sum total of consumer surplus and producer surplus.
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Financial accounting is chiefly concerned with providing information to external usersTrueFalse
It is true that Financial accounting is chiefly concerned with providing information to external users.
What is Financial accounting?The process of recording, compiling, and reporting the numerous transactions occurring from corporate operations throughout time is known as financial accounting. It is a particular branch of accounting. A business's financial transactions are summarised, analysed, and reported in the area of accounting known as financial accounting. Publicly accessible financial statements must be prepared in this. The process of documenting, compiling, and reporting transactions and revenue-expense generation over a period of time is known as financial accounting. Before expressing interest in working with the company, for instance, investors or sponsors must confirm an account statement.
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in assigning jobs to work centers in a low-volume system what three aspects are minimized? multiple choice question. number of work centers, setup time, and number of sequence steps scrap material, inventory levels, and throughput time processing costs, idle time, job completion time
In assigning jobs to work centers in a low-volume system the three aspects that are minimized are inventory levels, idle time and job completion time.
By inventory, what do you mean?Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.
What is the primary objective of inventory?The primary purpose of inventory is to guarantee a steady supply of resources for operations. Your company should seek to strike a balance between having enough inventory and not having enough, without ever running out, in order to carry out this function efficiently.
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which of the statements below are true about lcm? (check all that apply.) multiple select question. when market value is lower than cost, a loss is recorded. market value is used as the replacement cost when using the lifo method. when market value is higher than cost, a gain is recorded. a decline in market value means a loss in value of inventory.
A loss is recognised when the market worth is less than the cost. The replacement cost when applying the lifo approach is market value.
What do you mean by your replacement?
A replacement is a thing that stands in for something else or the process of replacing something else. Your absent teacher's replacement is a grating replacement.
replacing something or someone with something else: replacement of sth To pay for the replacement of a failing pipe network, water prices will increase.
A replacement is a thing that stands in for something else or the process of replacing something else. Your absence's replacement is.
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FILL IN THE BLANK You are comparing two properties to determine if it is better to buy or rent a property using the price-to-rent (P/R) ratio. The first home you consider is on the market to buy for $293,000. The second home is for rent for $1400/month. The P/R ratio is ______ (round to the nearest decimal point - for example, 15.6). Using this number, is it better to rent or to buy?
Using the price-to-rent (P/R) ratio, you are comparing two properties to decide whether it is preferable to buy or rent a property. The first house you take into consideration is listed at $293,000. For $1400 per month, you can rent the second house. A 1465:7 P/R ratio is used.
In mathematics, a ratio shows how frequently one number appears in another. . For instance, if a dish of fruit contains eight oranges and six lemons, the ratio of oranges to lemons is eight to six. The ratio of oranges to the overall amount of fruit is 8:14, and the ratio of lemons to oranges is 6:8 (or 3:4). (or 4:7). A ratio can have any number of quantities, such as counts of people or things or measurements of length, weight, time, etc. Both numbers must be positive in most situations. Giving both component numbers, denoted by "a to b" or "a:b," or merely the value of each, are two ways to specify a ratio.
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malia's home has been assessed at $100,000. malia is a veteran whose disability from wartime service has been classified at 50%. what is her total homestead exemption?
The total homestead exemption is $25000.
What is homestead exemption?The homestead exemption is a way to minimize property taxes for homeowners. It is also a legal provision offered in most states that helps shield a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy. The homestead tax exemption can provide surviving spouses with ongoing property tax relief, which is done on a graduated scale so that homes with lower assessed values benefit the most.The homestead exemption is helpful since it is designed to provide both physical shelter and financial protection, which can block the forced sale of a primary residence. However, the homestead exemption does not prevent or stop a bank foreclosure if the homeowner defaults on their mortgage. Foreclosure occurs when a bank takes possession of a home due to a failure to make timely mortgage payments.To learn more about mortgage refer to:
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howard's in the process of creating a display campaign and decides to use custom intent audiences as a targeting option. he'd like to influence customer consideration, but his niche audience isn't covered by an in-market audience segment. which two data inputs can howard submit to best represent his audience? (choose two.)
Keywords and URLs are the two data inputs that Howard can submit to best represent his audience.
The origin of the English given name Howard is Old French Huard (or Houard), which is connected to Old High German *Hugihard ("heart-brave") or *Hoh-ward ("high defender; chief protector"). The unrelated Hayward and the Old Norse cognate Haward (Hávarr), which means "high guard," might occasionally also be mistaken with it. It occasionally derives from the Old English word "ewe herd," eowu hierde. The Anglo-Norman language commonly rendered the French digraph "ou" as "ow," as in the terms "tour" (tower), "flour," a westernised variant of "fleur," "flower," etc (with svarabakhti). Howie is a diminutive, while Ward is a condensed form (most common in the 19th century).
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cpa 3% of oro's ending accounts receivable have been uncollectible. after provision is made for bad debt expense for the year ended december 31, the allowance for uncollectible accounts balance would be:
The allowance for uncollectible accounts balance after provision is made for bad debt expense would be 0.09 (3% of Oro's ending accounts receivable of 3,000).
The allowance for uncollectible accounts is an estimate of the amount of accounts receivable that will not be collected. To calculate the allowance for uncollectible accounts after provision is made for bad debt expense, you need to multiply the ending accounts receivable by the estimated uncollectible rate. In this case, the rate is 3% and the ending accounts receivable is 3,000, so the allowance for uncollectible accounts balance after provision is made for bad debt expense would be 0.09 (3% of 3,000).
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when qualifying for a conventional mortgage loan, which would be least likely to count as allowable income?
When qualifying for a conventional mortgage loan, occasional overtime is likely unlikely to be considered permanent income.
What is a conventional mortgage loan?Simply put, the term "conventional" indicates that the loan is independent of any specific government program.
Conventional loans are frequently more affordable than FHA loans, despite being more difficult to get.
Occasional overtime would probably not be seen as permanent income when applying for a typical home loan.
Simply put, a non-conforming loan is any mortgage that doesn't meet the standards established by Freddie Mac and Fannie Mae. Jumbo loans—those that exceed the limits set by Fannie Mae and Freddie Mac—and government-backed loans like VA, FHA, and USDA loans are examples of non-conforming loans.
Therefore, when qualifying for a normal house loan, occasional overtime is likely unlikely to be considered permanent income.
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water industries' quality control report for august contains the following items: gathering, analyzing, and reporting quality data$ 1,000 inspecting raw materials received from vendors2,000 testing and inspecting finished products3,000 visiting customer sites to test product4,000 designing product to reduce production problems5,000 repairing and/or replacing products under warranty6,000 maintaining the equipment used to gather quality data7,000 cost (net) of materials wasted during production8,000 what would be the total of the prevention costs on the august quality control report for water industries?
Total preventative expenses for the water industry reported in the quality control report for August: 21,000
How do QA and QC vary from one another?Training, documentation, monitoring, and audits are just a few of the processes and procedures that QA primarily concentrates on. QC concentrates on the finished product to detect flaws that persisted after development. Software testing, beta testing, and canary testing are just a few of the methods used by QC experts to identify these problems.
What makes quality control crucial?To ensure that a service or product is produced in accordance with a specified set of quality standards or that it fulfills the demands of the client or customer, quality control (QC) is a process or combination of procedures. QA and QC are connected yet different from one another (QA).
prevention costs = 1000 + 5000 = 6000
appraisal costs = 1000 + 3000 +4000 + 7000 = 15,000
conformance costs= 6000 + 15000 = 21,000
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The August quality assurance report for such water industries lists a total of 21,000 in preventative costs.
By costs, what else do you mean?Costs are the current price of items bought of supplier, services, manpower, goods, equipment, and other commodities for use by a business or other reporting entity. It is the amount that is shown as the wholesale cost and is documented in the accounting files as the market value of an item or asset.
Why do costs matter so much?It helps you determine how to set prices and just how profitable your company is. However, precise costing is difficult, and many businesses struggle with it.
prevention costs = 1000 + 5000
= 6000
appraisal costs = 1000 + 3000 +4000 + 7000
= 15,000
conformance costs= 6000 + 15000
= 21,000
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The process of planning future business actions and expressing them as a formal plan is called: O Multiple Choice O Budgeting. O Cost accounting. O Managerial accounting. O Standard cost analysis. O Variance analysis.
Option (a), Budgeting is the practice of preparing future corporate actions in the form of a formal plan.
What role does budgeting play in business finance?Corporate budgeting is the process of forecasting a company's financial position for a future period and modifying operations. The initial step in a company's budget-making process is often a project plan. The business then determines the project's duration, goals, and costs.
Does making a budget fall under planning?In order to do this, a spending plan, or budget, must be created. This financial tactic is known as a "budget." By making a spending plan, you can determine in advance if you will have enough money to fulfill the things you need to complete or would like to complete.
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a) policy is designed to shift the aggregate b) curve as a result of the federal government changing its c) and d) policies. a(n) e) fiscal policy would attempt to speed up the economy by shifting this curve to the f) . this would be accomplished by the government spending g) than it took received in taxes. such a policy would result in a budgetary h) which, hypothetically, is supposed to lift the economy out of, what economists call, a(n) i) gap and fight the undesirable economic phenomenon of j) .
By altering its C) spending and D) taxing policies, the federal government's fiscal policy is intended to A) change the aggregate B) demand curve. The goal of an E) expansive policy would be to F) move this curve to the right.
Which policy will cause a left shift in the AD curve?When overall consumer spending declines, the total demand curve typically moves to the left. 2 Because of growing living expenses or higher government taxes, consumers may spend less. If consumers anticipate price increases in the future, they may opt to spend less while saving more.
Which of the above will cause a right shift in the aggregate demand curve?As the quantity demanded expenditure, capital spending, government expenditure, or spending upon exports minus imports—increase, the overall demand curve moves to the right. With the decline of these components, the Curve shifts will turn back to the left.
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true or false: a social media policy outlines how an organization and its employees should conduct themselves online.
True, a social media policy outlines how an organization and its employees should conduct themselves online.
What is the purpose of a social media policy?
A social media policy is a document that specifies how staff members are expected to behave on social media. It aids in educating staff members about proper behavior and professionalism while also establishing rules and standards for preserving the brand's online reputation.
The social media policy may be found as a multi-page document on a company's intranet. Expectations for online conduct by employees, Dos and Don'ts, and duties in terms of law or compliance will all be extensively covered.
The social media policy is frequently made available to new employees as a part of the employment contract between them and their coworkers. Additionally, it will be discussed at new employee onboarding.
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if real estate prices tumble such that wealth declines by $320, what will be the new level of consumption at the $340 billion level of disposable income?
With $340 billion in disposable income, the new level of consumption will be $316 billion.
What do economists call the situation with savings indicated at the $240 level of income?Therefore, $260 is the income necessary to break even. Saving $240 at the income level results in a loss. This is known as dissaving among economists.
What much of discretionary income must be earned to break even?When all income is spent and savings are at zero, there is a break-even level of disposable income.
How do you calculate the equilibrium income and interest rate in a Keynesian setting?The intersection of the AD and AS curves, in accordance with Keynesian theory, determines the equilibrium amount of income in an economy. Total demand refers to the
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Based on response to 3-5 Finance questionbelow, provide comments to the response.3-5. Suppose the risk free interest rate is 4%.a. Having$200 today is equivalent to having what amount in one year? B)Having $200 in one year is equivalent to having what amount today? C) Which would you prefer and why?Response:A) $200 * 1.04 = $208B) $200 = x * 1.04 = 200/1.04 = $192.31C) The difference between $200 and $208 1 year from now is $8. Thedifference between $200 and 192.31 today is $7.69. I would ratherhave $200 today than 192.31 today because you would earn $.31 more1 year from now with $200.
The concept here is a Risk-free interest rate. The risk-free interest rate is the theoretical return on a risk-free investment.
The risk-free interest rate represents the interest that an investor would expect to pay for a completely risk-free investment over a given period of time. In practice, the risk-free rate is generally assumed to be the rate on a 3-month Treasury bill.
Account for what is generally the safest investment an investor can make.
A) Having $200 today is equivalent to having:
200*1.04 = $208 in one year
B) )Having $200 in one year is equivalent to having:
200/1.04 = $192.31 today
C) Since, we are all aware that the money today is worth more than that of future money, $200 today is preferred. If we invest $200 today with the interest rate, there is a high chance that we will be having money more than $200 in one year.
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what are some types of ppe that employers must pay for
Examples of PPE that Employers Must Pay for Include: hard hats, hearing protection, fall protection harness, NOT uniforms.
What is PPE?PPE is gear that will shield the user from the risk of injuries or other negative health impacts. It may consist of things like safety boots, respiratory protective equipment, high-visibility clothes, gloves, safety helmets, and eye and eye protection (RPE).
In order to encourage employees to work safely and responsibly, the workplace must be made safe. This involves providing instructions, procedures, training, and supervision.
Some dangers may still exist even after engineering controls and safe work practises have been implemented. These include
wounds to the lungs, such as those caused by breathing in contaminated air, the head and feet, such as those caused by falling objects, the eyes, such as those caused by flying particles or liquid splashes, the skin, such as those caused by contact with corrosive materials, and the body, such as those caused by extreme heat or cold.In these circumstances, PPE is required to lower the risk.
Payment for Personal Protective EquipmentWhen it is required to safeguard employees from work-related injuries, illnesses, and fatalities, many Occupational Safety and Health Administration (OSHA) requirements mandate that businesses provide personal protective equipment. With very few exceptions, OSHA mandates that employers cover the cost of PPE when it is utilised to adhere to OSHA rules. Hard hats, gloves, goggles, safety shoes, safety glasses, welding helmets and goggles, face shields, chemical protective equipment, and fall protection equipment are a few examples of what is frequently used.
A new OSHA regulation on employer reimbursement for PPE came into effect on May 15, 2008. With very few exceptions, OSHA currently mandates that employers cover the cost of PPE used to adhere to OSHA rules.
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carey company adheres to us gaap, whereas jonathan company adheres to ifrs. it is least likely that:
Carey Company adheres to US GAAP, whereas Jonathan Company adheres to IFRS. It is least likely that Carey has reversed an inventory write-down.
Option A is correct .
Reversing inventory write-downs is not permitted by US GAAP.
Write- down inventory :When an inventory loses value and falls below its book value, the procedure that must be followed is an inventory write-down. A company's balance sheet and income statement are affected by the write-down, which ultimately affects the company's net income and retained earnings.
How is the write-down of inventory calculated?The difference between the inventory's book value and the cash the business can make by disposing of it in the best possible way is the amount that needs to be written down.
What distinguishes inventory write-off from inventory write-down?Inventory must be written off completely from the profit and loss account and valued at zero in inventory written down, while inventory written off must be valued at the lower of cost or net realizable value.
complete question is given below :
For questions 6-17, assume the companies use a periodic inventory system.
Carey Company adheres to US GAAP, whereas Jonathan Company adheres to IFRS. It is least likely that:
A.Carey has reversed an inventory write-down.
B.Jonathan has reversed an inventory write-down.
C.Jonathan and Carey both use the FIFO inventory accounting method.
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Executive leaders champion and guide ideas by A) increasing their personal power. C) reinforcing ideas that did not work. B) creating a learning infrastructure. D) validating their formal authority.
Executive leaders champion and guide ideas by B) creating a learning infrastructure.
The ability of those who manage or supervise personnel in an organization to influence and steer these persons is referred to as executive leadership.
Those in charge of executive leadership processes often manage company operations such as meeting organizational goals, developing strategic plans, and making overall decisions.
Executive leadership comes in many forms, including servant leadership, honest leadership, and paternalistic leadership. Accountability, motivational leadership skills, problem solving talents, and considerable professional experience in their sector are all characteristics of great executive executives.
Strong executive executives must also be analytical in order to improve workforce productivity and obtain the maximum business benefit from corporate resources.
Executive leaders will use methods such as corporate and individual employee performance measurement, as well as risk assessment/analysis, to accomplish this.
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