As Stu Johnson, CEO of Johnson, Inc., attended a seminar on Total Quality Management, thing which he had not learned at seminar is that Quality is primarily the responsibility of operations management.
Total quality management (TQM) is a method to management that focuses on long-term success through client satisfaction. In a TQM initiative, every employee of a firm takes part in enhancing their workplace's processes, goods, and services. TQM can be summed up as a management framework for a client-centered business that incorporates all staff members in ongoing development. To incorporate the discipline into the organization's culture and activities, it makes use of plan, data, and effective communications. TQM can have a significant and positive impact on organizational and personnel development. Companies can create and preserve cultural norms that produce long-term success for both clients and the firm by having all workers concentrate on quality assurance and continual improvement. The quality-centered approach of TQM makes it easier to spot employee skill gaps and provide the appropriate coaching, training, or education to fill them.
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-Microconomics
Leonard McCoy is a manager at a coffee shop, and he has to decide how many workers to hire. One worker can make 30 drinks that sell for $2.50 on average in one hour. A second worker can make another 25 drinks in one hour. The marginal benefit of each additional worker decreases by five drinks, with each additional hire. Given that workers are paid $15 per hour and have eight-hour shifts, how many employees should Leonard hire for each hour?
Leonard should hire 2 workers for each hour, as the marginal benefit of the second worker is equal to their marginal cost.
How do you determine the number of the employees to be employed for each hour?To determine the optimal number of workers to hire, Leonard should compare the marginal benefit of each additional worker to their marginal cost. The marginal benefit of each additional worker is the additional revenue generated by the additional drinks they make.
Since the marginal benefit decreases by five drinks with each additional hire, the marginal benefit of the first worker is 30 drinks * $2.50/drink = $75, the marginal benefit of the second worker is 25 drinks * $2.50/drink = $62.50, and so on. The marginal cost of each worker is their hourly wage, which is $15/hour.
To find the optimal number of workers to hire, Leonard should find the point at which the marginal benefit of the last worker hired is equal to their marginal cost. He can do this by setting the marginal benefit equal to the marginal cost and solving for the number of workers.
$75 = $15
$62.50 = $15
It can be concluded that Leonard should hire 2 worker for each hour, as the marginal benefit of the second worker is equal to their marginal cost.
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agents must make clear where notices are to be delivered. this is done in one to four family residential contract (resale) paragraph
21. agents must make clear where notices are to be delivered. this is done in one to four family residential contract (resale) paragraph Buyers may pay a charge under Termination Opportunity.
to have the option to terminate the contract within a specified number of days. Within three days after the effective date, the option fee must be paid to the sellers rather than the title firm. Buyer desires to acquire a 10-day contract termination option. How long must the buyer pay the option fee? What does paragraph 24 of the One to Four Family Residential Contract serve? The parties may provide their attorneys' contact information. (Property) is a critical part of TREC's One to Four Family Residential Contract. The second paragraph deals with the legal description of the property being ceded as well as the improvements, accessories, and exclusions. agents must make clear where notices are to be delivered. this is done in one to four family residential contract (resale) paragraph Buyers may pay a charge under Termination Opportunity.
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in addition to the financial statements, which of the following must be included in the annual reports? multiple select question. notes disclosures. corporate income tax returns. press releases. management discussion and analysis.
In addition to the financial statements, Notes disclosures, corporate income tax returns, management discussion must be included in the annual reports.
1. Notes disclosures: these provide additional information and explanations about the financial statements.
2. Corporate income tax returns: these provide information about the company's income tax payments and liabilities.
3. Management discussion and analysis: this section provides an overview of the company's financial performance, as well as its future prospects and challenges.
4. Press releases: it is not a standard requirement to include press releases in an annual report, but they may be included to highlight significant events or announcements.
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when creating pro forma statements, the changes in the liabilities and owners' equity sections depend primarily on the firm's
when creating pro forma statements, the changes in the liabilities and owners' equity sections depend primarily on the firm's dividend and financing policies.
In accounting, a company's liabilities include its outstanding debts, such as the cash it owes to its creditors, suppliers, and employees, as well as any loans it still owes. The term "liability" can refer to both your responsibility for something as well as a debt you have to another party for goods or services. The amount of property taxes a homeowner owes to the city or the amount of income tax he must pay to the federal government are two examples of his tax obligations. In terms of finance, the main distinction between equity and liabilities is that, whereas liabilities are the debts or obligations a firm owes to other parties, equity reflects the ownership position that shareholders have in a corporation. Liabilities are taken out and assets are used to compute equity.
the complete question is:
When creating a pro Forma statement, the changes in the liabilities and owners equity sections depend primarily on the firms?
Financing policies
Interest rates and financing policies
Dividend and financing policies
Retained earnings policy
Rate of sales growth
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on the december 31 balance sheet of mann co., the current receivables consisted of the following: trade accounts receivable$ 93,000 allowance for uncollectible accounts(2,000) claim against shipper for goods lost in transit (november)3,000 selling price of unsold goods sent by mann on consignment at 130% of cost (not included in mann's ending inventory)26,000 security deposit on lease of warehouse used for storing some inventories30,000 total$150,000at december 31 the correct total of mann's current net receivables was
At December 31, the correct total of Mann's current net receivables was $94,000.
A balance sheet is a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a business partnership, a corporation, a private limited company, or another organisation such as the government or a not-for-profit institution.
A balance sheet, often known as a "statement of financial status," discloses a company's assets, liabilities, and owners' equity (net worth). The balance sheet, together with the income and cash flow statements, is the foundation of every company's financial statements. A balance sheet provides a picture of your company's financial situation at any given time.
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current market interest rates are 6%. a bond with an 8% coupon would be most likely to have a net present value of zero when the bond's internal rate of return is
A bond with an 8% coupon would probably go to have a net present worth of zero when the bond is fully grown.
What is the net present worth?
Net present worth is the current worth of after-charge incomes from a venture less the sum contributed.
What's the significance here when a bond is selling at a markdown, premium, or standard?
If the market loan cost is more noteworthy than the security's coupon rate, the security is selling at a rebate. If the market loan cost is not exactly the security's coupon rate the security is selling along with some hidden costs. On the off chance that a security's coupon rate is equivalent to its market loan fee, then, at that point, the security is selling at standard.
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a customer acceptance/project completion form should be completed and signed by the project manager.
a. true
b. false
The given statement is False. Project closing frequently includes a final donation and report. A client acceptance/ design completion form should be completed and inked by the design director.
Design check involves conditioning like releasing every design resource, including platoon members, suppliers, coffers, and other mates. A design check by the design director where the design is completed early with some corridors excluded would be classified as a design failure.
Procurement checkups are frequently done during contract checks to identify assignments learned in the procurement process. The design is complete, and the client has entered the final deliverable, but the client refuses to accept the design's final acceptance.
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a tax deduction is a dollar amount that the IRS allows you to subtract from your adjusted gross income, or AGI, making your taxable income ____________.
a tax deduction is a dollar amount that the IRS allows you to subtract from your adjusted gross income, or AGI, making your taxable income lower.
A tax deduction is something you may take out of your taxable income in order to pay less in taxes overall. On Schedule A of your income tax return, you have the option of taking the standard deduction—a single deduction with a set dollar amount—or itemising deductions. It makes sense to itemise your deductions if the total of your itemised costs exceeds the standard deduction applicable to your filing status. Mortgage interest, charity donations, unreimbursed medical costs, and state and local taxes are examples of admissible itemised deductions. Tax deductions reduce the amount of tax you owe by deducting them from your taxable income.
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On May 1, the cash account balance was $72,600. During May, cash receipts totaled 345,600 and the May 31 balance was $95,230. Determine the cash payments made during May. whats the cash payment made during May?
Cash payments made in May were 322,970. The cash balance is the amount available. This is obtained by adding the current month's cash flow to the previous month's cash on hand.
The formula for cash balance at the end of the month is B = I + R - P. where B = balance at the end of the month. R = Receipts received during the month. P = payment for the month. So let's substitute known values and solve P B = I + R - P 95230 = 72600 + 345600 - P 95230 = 418200 - P 95230 + P = 418200 P = 322970.
The cash balance is the amount available. This is obtained by adding the current month's cash flow to the previous month's cash on hand. That is, subtract if the cash flow is negative. Having intermittent negative cash flow for a month is not a big deal. Since cash is an asset account, the normal or expected balance is the debit balance. The cash account is therefore debited to increase the balance.
A cash account is a type of custody account in which an investor must deposit the full amount of the securities purchased.
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a balance arising from the translation or remeasurement of a subsidiary's foreign currency financial statements is reported in the consolidated income statement when the subsidiary's functional currency is the:
A balance arising from the translation or remeasurement of a subsidiary's foreign currency financial statements is reported in the consolidated income statement when the subsidiary's functional currency is the: Reporting Currency
Reporting currency is the cash where a substance's budget summaries or other monetary records are accounted for. Picking one money for revealing makes it more clear the monetary reports in all cases. Many huge organizations have tasks in various nations, which frequently requires carrying on with work in different monetary standards. At the point when this is the situation, the money of the organization's work space or parent organization where the fiscal summaries are arranged is viewed as the revealing cash.
Other satellite areas or auxiliaries that utilization various monetary forms, alluded to as the nearby cash, in their everyday working should change over their fiscal summaries into the announcing money so the proclamations can be combined. This is achieved utilizing either the transient or current rate strategy for change and is frequently alluded to as unfamiliar money interpretation.
To gather monetary reports for multicurrency firms, bookkeepers should change over unfamiliar monetary forms into a solitary revealing cash at the ongoing swapping scale. To normalize this interaction, there are an assortment of bookkeeping guidelines that recommend a uniform philosophy for doing this transformation. This assists with expanding the straightforwardness with which these monetary reports are introduced.
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in making the decision to buy the model 220 machine rather than the model 370 machine, the differential cost was:
Answer:
yes why because the first machine is less than the machine
on january 2, 2018, moser, inc., purchased equipment for $100,000. the equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. straight-line depreciation has been recorded. before adjusting the accounts for 2022, moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000. a. prepare a journal entry to record depreciation expense on the equipment for 2022. round your answer to the nearest dollar. general journal debit credit dec. 31 answer answer answer answer answer answer to record depreciation expense.
Recording the depreciation expense and book value of the equipment based on the specified journal entries:
Moser, Inc., Journal
of. December 31
Debit Depreciation Equipment $6,400
Credit Accumulated Depreciation $6,400
(for recording depreciation expenses)
Depreciation expense = ($100,000 - $10,000) / 6 years
Depreciation = $15,000
Equipment book value = $100,000 - ($15,000 * 4)
Equipment book value = $40,000
Remaining modified useful life = 9 years - 4 years
Remaining modified useful life = 5 years
Revised equipment depreciation expense = ($40,000 - $8,000) / 5 years
Revised equipment depreciation expense = $6,400
b. Book value of equipment
Book value = $40,000 - $6,400
Book value = $33,600
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If you are offered $400,000 in 13 years and you can earn 16 percent on your money, what is the present value of $400,000?
Answer: The present value of $400,000 after 13 years is $1,232,000.
Explanation:
Principle, P = $400,000
Time, T (in years) = 13
Rate of Interest, R = 16% = 0.16
Thus, Interest (I) = P*R*T = $832,000
Therefore, Present Value of Principle, or Amount (A) = P + I
= $400,000 + $832,000
= $1,232,000
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which of the following is an example of a complex physically based attribute that buyers will consider when buying a car? A. "This is the quietest dishwasher made in America."B. "Buying a car is like getting married."C. "We know it's perfect, but we take another 1,000 hours just to be sure."D. "Tests prove that Renty Candies is more nutritious than Jimbo Candies, costs less than Jimbo, and tastes great, too."
The following is an example of a complex physically based attribute that buyers will consider when buying a car "This is the quietest dishwasher made in America.
Which phrase describes how the target market perceives a brand in comparison to its rivals?The ability to shape consumers' perceptions of a brand or product in relation to rivals is referred to as market positioning. Establishing a brand's identity or image in order for consumers to perceive it in a particular way is the goal of market positioning.
Is the reason it's the least time- and risk-intensive option to enter a foreign market?Exporting is the act of selling goods and/or services directly into another nation. It may be the most well-known and least risky way to join a foreign market.
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Differences in Political Systems Political systems, the systems of government in nations, differ from country to country. It is important to understand the nature of different political systems and develop an awareness of and appreciation for the significance of national differences Political systems are assessed according to two dimensions. The first is the degree to which they emphasize collectivism as opposed to individualism. The second is the degree to which they are democratic or totalitarian. These dimensions are interrelated and may share certain characteristics. Roll over each country to read the political system description. Determine which political system subscribes to the description in question and then drag each country into the appropriate political system position on the chart. Political System Country eocratic Totalitarianism Totalitarianism China Italy in the 1930s epresentative Democracy Communist Totalitarianism United States Saudi Arabia Right-Wing Totalitarianism Social Democra Zimbabwe France System Preferences
China subscribes to Communist Totalitarianism, the United States subscribes to Representative Democracy, Italy in the 1930s subscribes to Totalitarianism, Saudi Arabia subscribes to Right-Wing Totalitarianism, Zimbabwe subscribes to Social Democracy, and France subscribes to System Preferences.
Totalitarianism is a type of government and a political system that forbids all opposition parties, criminalizes individual and group opposition to the state and its claims, and imposes an extreme, if not total, degree of control and regulation over public and private life. It is considered the most extreme and comprehensive kind of authoritarianism. In totalitarian governments, autocrats wield political authority, such as dictators (totalitarian dictatorship) and absolute monarchs, who use all-encompassing campaigns of propaganda disseminated by state-controlled mass media to subjugate the people. The phrase and notion of totalitarianism had entered mainstream Western political discourse by 1950. Furthermore, anti-communist and McCarthyist political forces intensified during this time period, using the notion of totalitarianism as a vehicle to transform pre-World War II anti-fascism into Cold War anti-communism.
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A North Carolina listing agent receives offers on the same property from two prospective buyers. The purchase price offered by buyer A is significantly higher than the price offered by buyer B. The agent prom seller. The seller directs the listing agent to tell buyer B the purchase price being offered by buyer A and to advise buyer B that the seller will give buyer B two days to submit a more competitive offer, given these agent should advise the seller that? a. Disclosure to buyer B of the amount of the buyer A's offer is prohibited b. Then agent will promptly comply with the seller's instructions c. The agent will comply with the seller's request if the seller will put the intrusions in writing d. The agent must first obtain buyer A's permission to disclose buyer B the amount of buyer A's offer
This agent should advise the seller that the agent must first obtain buyer A's permission to disclose to buyer B the amount of buyer A's offer. Here option D is the correct answer.
As a real estate agent, it is important to comply with all legal and ethical obligations, including those related to confidentiality. In this case, the agent should not disclose the amount of buyer A's offer without their permission, as it could be considered a breach of confidentiality.
Additionally, the agent should inform the seller that this is not a legal or ethical practice and that the seller should not expect the agent to act in violation of their obligations. The agent must also comply with the rules of his state Real Estate board.
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the unemployment rate: was zero during the 1990s in the united states. was zero on average between 1900 and 1950 in the united states. is usually zero when the economy is not in a recession or depression. has never been zero in the united states.
In the United States, the unemployment rate is currently higher than it has ever been. Real GDP exceeds potential GDP when unemployment is lower than the natural unemployment rate.
When the unemployment rate is below the natural rate ?Real GDP exceeds potential GDP when unemployment is lower than the natural unemployment rate. No output gap exists because real GDP is equal to potential GDP.Reduced government spending, a downturn in the stock market, consumer desire to save more money, and tighter monetary regulations are some of the factors behind this shift (higher interest rates). When the economy's output expands more quickly than the amount of available credit and money, falling prices can also occur spontaneously.An economic expansion is characterized by an increase in output and production, a decline in unemployment, an increase in earnings, and a rise in consumer expenditure. Businesses typically experience an uptick in demand or sales when the economy grows. A very overheated economy would be the only one that could have 0% unemployment.Therefore the correct answer is has never been zero in the united states.
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Scenario 1.1.Karen works as a salesperson for Wüsthof, a company that makes cutlery and kitchen knives. She is driven to make as many sales as possible to as many people as possible in order to increase her commission. Although she has many great customer relationships, she also has a reputation for overly aggressive sales tactics. Karen has been able to convince customers to purchase more expensive knives even after they say they are not interested. As a result of Karen’s high sales, she is a top sales associate at the company.Recently, however, Karen’s sponsor has been informed of complaints that customers have levied against Karen accusing her of "badgering" them into buying products. The sponsor meets with Karen and tells her it is unacceptable to pressure consumers into purchasing items they do not want.Refer to Scenario 1.1. Karen’s sponsor tells her that it is important for her to determine her customer’s needs and then find the product that best meets those needs, regardless of price. She recommends that Karen adopt the _______. In other words, Karen should move from a _______, where she is focused on using her aggressive direct selling talents to maximize profits, toward embracing the more customer-centric _______.relationship marketing model; market orientation; production orientationrelationship marketing model; production orientation; sales orientationmarketing concept; sales orientation; market orientationmarketing concept; sales orientation; production orientationmarketing concept; production orientation; sales orientation
Any form of communication used in business to persuade customers to purchase goods or services is known as promotion.
What is promotion?Any form of communication used in business to persuade customers to purchase goods or services is known as promotion. By selecting a target demographic and devising strategies for reaching that population, businesses often advertise their brands, goods, and services.Advertising, digital selling, sales promotion, and public relations are the four main subcategories of the promotions mix. Each of these promotion strategies plays a unique part in helping a business make money. Customers' awareness of a product's existence and placement is the primary goal of promotion. Promotion is also used to remind customers of the benefits of purchasing the product and to convince them that it is superior to similar products. The purpose of promotion is to raise brand awareness, pique interest, bring in business, or foster brand loyalty. It is a fundamental component of the market mix, which also comprises the four Ps: product, price, location, and promotion.To learn more about promotion refer to:
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the aggregate curve shows the quantity of goods and services that firms produce and sell at each price level. T/F
The aggregate curve shows the quantity of goods and services that firms produce and sell at each price level--- False
The true statement is the aggregate supply curve shows the quantity of goods and services that firms produce and sell at each price level.
How does an aggregate supply curve work?
It specifies the aggregate money value of goods and services that all producers in the economy are willing to supply over a given time period. Because the total output of an economy is equal to the factor income generated by the economy, AS is also referred to as the nation's income.
What exactly is a cumulative curve?The economy's total output of goods and services over a given time frame is depicted by the aggregate demand curve. The relationship between the economy's overall price level and total real output is depicted by the aggregate demand curve.
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Diamond Co. paid cash to overhaul a forklift, which extended the life of the forklift for an additional four years. The entry to record this purchase would include a debit to the _______ account.
O Repairs & Maintenance Expense
O Equipment
O Depreciation Expense - Equipment
O Cash
c
When a depreciation journal entry is made, the corresponding fixed asset account is credited while the depreciation account is debited to reflect the decrease in value of the fixed assets as a result of regular wear and tear, usage, or technological advancements, etc.
The first step in controlling depreciation expense is to calculate depreciation. However, you must also make a journal entry to reflect the depreciation estimate. Our step-by-step instructions will demonstrate how.
For untrained accountants and bookkeepers, managing depreciation can seem intimidating. But in practise, the procedure is lot simpler once you understand depreciation and the many depreciation techniques available.
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In which of the following types of property management is a manager most likely to review previous landlord references of a tenant...?Residential Management
Residential Management is a types of property management is a manager most likely to review previous landlord references of a tenant.
Give a brief about Residential property Management?
Residential property management firms look after "rental properties" or "income properties" for their owner. In reality, a residential property manager acts as a "landlord-for-hire," taking on all of the regular duties that an owner would ordinarily handle themselves, such as collecting rent and organising maintenance. They often manage single-family homes, independently owned condos, townhomes, or modest multi-family structures with little more than 6–8 units. Let's now talk about what qualities a residential property management should have.
The management teams for commercial and large buildings are very different from those for residential properties. First of all, they concentrate on smaller (often privately held) apartments and structures. In our company, Robert C. White & Company,
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Which of the following represents the owner's
claim?
Answer: Copyright, Patent, trademark, registered brand elements, etc.
Explanation:There are many intangible assets and resources which helps owner to claim their company,product,branding and pattern,etc.
Corporate finance has three main areas. These areas are _____. (Select all that apply.)Choose matching definition1operating transactionsinvesting transactionsfinancing activities2financial reportingcapital budgetingbalancing debt3monitoring operationsfinancing activities to develop the businessinvesting revenues over the short and long term4financial analyst
Corporate finance has three main areas. These areas are activities financial reporting capital budgeting balancing debt. The correct option is 2.
Corporate finance refers to conditioning and deals related to raising capital to produce, develop and acquire a business. It's directly related to company opinions that have a fiscal or financial impact. It can be considered a liaison between the capital request and the organization.
The capital of pots and the conduct that directors take to increase the value of the establishment to the shareholders, as well as the tools and analysis used to allocate fiscal coffers. The primary thing of corporate finance is to maximize or increase shareholders.
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Jan works a 30-hour week for a minimum wage of $10 an hour. Suppose that last year is the base year for the Consumer Price Index (CPI). Which of the following is true about Jan's real wage if at the end of this year the CPI is 125 ?
Jan's real wage is $8 per hour at the end of the year is true about Jan's real wage if at the end of this year the CPI is 125 .
Option E is correct.
What is the CPI?A market basket of goods and services that households have purchased at a weighted average price is the basis for a consumer price index. The measured CPI changes over time to reflect changes in prices. The Bureau of Labor Statistics uses a sample of 94,000 prices each month to calculate the CPI.
The index for each good or service is weighted according to its share of recent consumer spending in order to determine the overall price change. When the CPI goes up, consumer prices go up, and when it goes down, consumer prices generally go down.
In essence, higher CPI values indicate higher inflation, while lower or even deflationary values indicate lower inflation.
Question incomplete:Jan works a 30-hour week for a minimum wage of $10 an hour. Suppose that last year is the base year for the Consumer Price Index (CPI). Which of the following is true about Jan's real wage if at the end of this year the CPI is 125 ?
A Jan's real wage at the end of this year is $10 an hour because the base year equals 100.
B Jan's real wage is $2.50 per hour at the end of the year due to inflation.
C Jan's real wage is 25% higher because the CPI CPI increased from 100 to 125.
D Jan's real wages are equal to the nominal wages.
E Jan's real wage is $8 per hour at the end of the year
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A graduating high school student decides to take two years off and work to save money for college. The student plans to invest all money earned in a savings account earning 8% (APR) interest, compounded quarterly. The student hopes to have $ 48,000 by the time school starts in 24 months. How much money will the student have to save each month? a) $1,808 b) $1,852 c) $1,864 d) $1,961
$1,864 money will the student have to save each month to invest all money earned in a savings account earning 8% (APR) interest, compounded quarterly.
What is savings account?A savings account is a type of bank account that allows consumers to deposit money and accumulate interest on the balance. Savings accounts usually have lower interest rates than other types of accounts, such as checking accounts or money market accounts.
This problem can be solved using the formula A = P(1 + r/n)^nt,
In this case, A = 48,000, P = 0 r = 0.08, n = 4 and t = 2 (24 months).
we get 48,000 = 0(1 + 0.08/4)^4(2). Solving for P, we get P = 1,864. Therefore, the student will need to save $1,864 each month to have $48,000 by the time school starts in 24 months.
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in what ways should a company demonstrate social responsibility, ethical behavior, and good corporate/community citizenship? use a company that you know of, large or small, to illustrate your views.
Ethical behavior at ones occupation job or career is key to having a good chance of success and satisfaction at the long run
A company can demonstrate social responsibility, ethical behavior, and good corporate/community citizenship in several ways. Some examples include:
Environmental Sustainability: Implementing environmentally friendly practices such as reducing carbon footprint, recycling, and using renewable energy sources can help a company to minimize its impact on the environment.
Philanthropy: Supporting causes that align with the company's values and mission, such as education, healthcare, or the arts, through charitable donations, volunteer programs, or community outreach initiatives.
Ethical Business Practices: Adhering to high standards of business ethics such as transparency, fairness, and integrity in all business dealings and operations.
Responsible Supply Chain Management: Ensuring that the company's suppliers and partners are held to the same high standards of ethics and responsibility as the company itself.
Employee Well-being: Providing fair compensation and benefits, promoting work-life balance, and fostering a positive and inclusive work culture.
An example of a company that demonstrates these values is Patagonia. Patagonia is a company that designs and sells outdoor clothing and gear, with a mission to build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to the environmental crisis. Patagonia demonstrates its commitment to the environment through its use of sustainable materials and production methods, and through its commitment to environmental causes such as climate change and conservation. Patagonia also demonstrates its commitment to ethical business practices through its fair trade certification and transparency in its supply chain. Additionally, Patagonia supports a number of environmental and social causes through philanthropy and community outreach.
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All of the following are differences between activity-based costing (ABC) and traditional absorption costing except ________.
A. ABC may assign nonmanufacturing costs to products
B. ABC allocates all manufacturing costs to products
C. ABC uses many cost pools
D. ABC may exclude some manufacturing costs, such as organization-sustaining costs
All of the following are differences between activity-based costing (ABC) and traditional absorption costing except ABC allocates all manufacturing costs to products.
Option B is correct.
How much does manufacturing cost?The expenses incurred during a product's production are known as manufacturing costs. Direct material, direct labor, and manufacturing overhead are all included in these expenses. The income statement typically shows the costs as separate line items. These expenses are incurred by an entity during the production process.The materials used to build a product are called direct materials. The portion of the labor cost associated with the production process that is allocated to a production unit is known as direct labor. The allocation systems that can be used to apply manufacturing overhead costs to units of production include direct labor hours and machine hours incurred.Learn more about manufacturing costs:
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internal auditors are responsible for continuing their education to maintain their proficiency. which of the following is true regarding the continuing education requirements of the practicing internal auditor?
CIAs have formal requirements that must be met in order to continue as CIAs. This is true regarding the continuing education requirements of the practicing internal auditor
An internal auditor (IA) is a prepared proficient utilized by organizations to give free and objective assessments of monetary and functional business exercises, including corporate administration. They are entrusted with guaranteeing that organizations conform to regulations and guidelines, follow appropriate strategies, and capability as productively as could be expected.
The principal occupation of an inward inspector (IA) is to distinguish issues and right them before they are found during an outer review by an external firm or administrative offices, for example, the Securities and Exchange Commission (SEC). One of the jobs of the SEC is to direct the way in which organizations report their fiscal summaries to assist with guaranteeing that financial backers approach all of the vital data prior to effective money management.
An inner review for the most part plays out the three assignments illustrated underneath.
Survey any dangers and the interior controls inside an organization
Guarantee that an organization and its workers are in consistence with government and state regulations and guidelines
Make ideas with regards to how should be redressed a bombed review or issues that were recognized as dangerous during the review
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The end product of a Multiple Stimulus Without Replacement preference assessment is items scoring based on _______________________________________________________.
A. duration of engagement
B. percent of opportunities
C. rank ordering
The end product of a Multiple Stimulus Without Replacement preference assessment is items scoring based on duration of engagement.
Multiple Encouragement Preference Assessment without relief( MSWO) is a no-cost individual tool that generates a ranked order list of preferences for a specific. Individual. MSWO assessments allow the pupil to rank the most preferred stimulants among various options.
In an MSW Preference Assessment, the schoolteacher places an array of particulars( generally toys or edibles) in front of the child and allows him or her to elect one. After the child plays with or consumes the item, the schoolteacher replaces that item in the array and replaces the unselected particulars with new bones.
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Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.Miscellaneous Expense Cash Cash Notes ReceivableInterest Revenue
Small transactions outside of the designated accounts in the ledgers are referred to as miscellaneous costs.
What expenses fall under the category of "other"?Examples of a miscellaneous expense include, but are not limited to, clothing, a computer, tools, a work uniform, and work boots. Any write-off that doesn't fall within one of the IRS's tax categories is referred to as a miscellaneous expense. These expenses can be deducted from the taxable income of small business owners.Small transactions outside of the designated accounts in the ledgers are referred to as miscellaneous costs. The general ledger account for your company must be used to record and account for miscellaneous expenses, or costs that don't fit into a certain tax category.To learn more about miscellaneous costs refer to:
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