The group and composite methods of depreciation are similar because they both apply straight-line depreciation to the assets based on average service lives of the assets.
Depreciating individual assets by component (unit or "component" depreciation) is often preferred when there are significant differences in the real economic useful life of the assets, but composite or group depreciation has been a beneficial alternative. Composite depreciation is not as attractive an alternative as it once was, however, which may explain its rarity today. Cheap accounting software can track depreciation for individual assets relatively easily. Using a method called composite depreciation, each asset group is given an average estimated useful life for depreciation purposes.
Straight-line, declining balance, sum of the years' digits, and units of production are the four depreciation techniques.
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Select the correct closing entry that RB Auto would make to close their expense accounts at the end of the accounting period
Entry that RB Auto would make to close their expense accounts at the end of the accounting period is debit salary by 4000, debit rent by 3000, debit purchase by 2000 and credit income by 9000.
This is the closing entry that RB Auto would make to close their expense accounts at the end of the accounting period from the trial balance.
What is trial balance?
A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance.
On the left side of the report, you will find a list of all the ledger accounts (from your chart of accounts). Any accounts that haven't been utilised throughout the time period are exempt. The following two columns show debit and credit balances, respectively. The sum of the debits and credits must be equal.
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Rate can vary significantly by property type. which of the following property types would we expect to have the lowest relative going-in capitalization rate when considering first-tier prop
A high cost of capital typically denotes greater risk, whereas a low capitalization rate denotes reduced risk but lower rewards.
What does capitalisation refer to?Using uppercase, or upper-case, letters is known as capitalization. In English, it is customary to capitalize place names, surnames, and nights of the week. Capitalization includes both the use of uppercase at the beginning of sentences and capitalizing every letter of a word to emphasize a point.
What's a good illustration of capitalisation?Proper nouns should be capitalized. Or, capitalize any names of persons, places, and things that are mentioned specifically. For instance, we wouldn't capitalize the word "bridges" unless it begins a sentence, but Brooklyn Bridge must be capitalized since it is the name of a particular bridge.
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Which of the following is an intangible or invisible cost that companies incur when ethical wrongdoing is disclosed?
A) Legal and investigative costs incurred by the company
B) The costs of complying with often harsher government regulations
C) The costs of providing remedial education and ethics training to company personnel
D) The costs of taking corrective actions
E) Administrative costs associated with ensuring future compliance
A) Legal and investigative costs incurred by the company is an intangible or invisible cost that companies incur when ethical wrong doing is disclosed.
research charges method affordable and essential charges incurred in the research and assessment of a by-product called for, furnished that investigation fees shall now not encompass repayment, benefit costs, or overhead of any Insureds. research, exam, inquiry, studies express the idea of an energetic effort to discover something. An investigation is a scientific, minute, and thorough try to analyze the information approximately something complex or hidden; it's far more regularly formal and legit: an research of a bank failure.
An example of checkout is whilst you run a background take a look at on a person to discover what sort of man or woman he's. An instance of inspection is while the police try to solve a crime. An example of inspecting is when you check the supply of cloth to determine its fact.
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you've chosen the directive decision making style i need to take control of this project josh decision making: a bridge over troubled water
"you've chosen the directive decision making style i need to take control of this project josh decision making: a bridge over troubled water." This statement is True.
Their selections are rooted in their personal expertise, enjoy, and reason, as opposed to going to others for extra statistics. The upside to this style is decision-making is brief, ownership is clear, and it does not require greater conversation.
Directives lay down sure consequences that should be achieved but each Member state is loose to determine the way to transpose directives into national laws. choices are ecu laws referring to particular instances and directed to character or several Member States, groups or private individuals. A "directive" is a legislative act that sets out a intention that every one european international locations need to gain. but, it's far up to the man or woman international locations to plot their own legal guidelines on a way to attain those desires.
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consumer surplus will increase by $270. total surplus will increase by $135. deadweight loss will be $270. producer surplus will stay the same.
Yes, the producer surplus will remain unchanged in that case.
Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good or service and the actual price they pay. Producer surplus is the difference between the minimum price that a producer is willing to accept for a good or service and the actual price they receive. Deadweight loss occurs when a market does not reach its equilibrium price and quantity.
In this case, the price of the good is lowered from $400 to $130. At the new price, the consumer surplus increases by $270 ($400 − $130), and the total surplus increases by $135 ($270/2). The deadweight loss is equal to the increase in consumer surplus, which is $270. Since the price of the good remains the same for the producer, the producer surplus remains unchanged.
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The firm is considering discounting the product by 5% in the face of rising raw material costs. The current price is $110.00, and the current variable cost per unit is $20.00. The new price of raw materials will drive the variable cost per unit up to $ 28.00 per unit. By what percent will the unit product sales have to increase to achieve the same profit compared to where the firm was before these changes?
Due to an increase in the cost of raw materials, the target sales price will need to be adjusted by 7.27% in order to maintain the same level of profit margin.
What do you mean by target sell price?A price determined by a cost manager to earn same level of profit margin as before by manufacturing a product at predefined target cost.
The target cost in the given situation is $28 and targeted contribution margin is $90 (Sale price old - Variable cost old) ⇒ $110 - $20.
Therefore the rise in raw material cost lead to increase in the cost of variable cost to $28 and target margin is $90 as maintaining the same level before change; the target sell price will be $118 (VC + Contribution Margin) ⇒ ($28 + $90) ⇒$118.
Thus percentage increase will be $118-$110 = 8$ / $110 × 100 ⇒ 7.27%
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Global Airlines and MLM Airlines are competitors. They mutually agree to charge customers a certain price for airfreight. This leads to several lawsuits being filed against them by other airlines. In this case, Global Airlines and MLM Airlines can be charged under the _____ Act.
a. Sherman
b. Robinson-Patman
c. Clayton
d. Sarbanes-Oxley
Several lawsuits being filed against them by other airlines. In this case, Global Airlines and MLM Airlines can be charged under the Sherman Act. The correct answer is (a).
The Sherman Act of 1890 is a type of antitrust legislation from of the United States that promotes the concept of unrestricted competition between businesses. All agreements, coalitions, and plots that unreasonably limit domestic and international trade are prohibited under this Act. The Sherman Act of 1890 is indeed a federal law that forbids actions that limit both commerce and market competition. This includes agreements between rivals to fix the price, bid rigging, and distribute clients, all of which are punished as felonies. Every agreement, plot, or combination of corporate entities that restricts global or intra - state trade is forbidden.
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The standard retirement benefit an employee will receive under a defined benefit plan depends on the number of years of service the employee provides, but does not consider the amount of the employee's compensation near retirement.
The statement "The standard retirement benefit an employee will receive under a defined benefit plan depends on the number of years of....the amount of the employee's compensation near retirement." is false.
Give a brief account on employee compensation.The benefits that an employee receives (cash, vacation, etc.) in return for the work they do for their employer are referred to as employee compensation. For every firm, employee remuneration typically ranks among the highest costs or expenses. In the United States, employees who get income from their employer make up around 92% of the working population. Employee remuneration comes in a wide variety of forms. Several examples of the pay given to employees are provided below:
Monetary recompense in the form of wages or salariesPension programs (employer contributions)Insurance provided by the employerInsurance for the deadPaid time off during holidays and illnessCoverage for disabilitiesTo know more about, employee compensation, visit :
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a machine can be purchased for $150,000 and used for five years, yielding the following net incomes. in projecting net incomes, double-declining depreciation is applied, using a five-year life and a zero salvage value. year 1 year 2 year 3 year 4 year 5 net income $ 10,000 $ 25,000 $ 50,000 $ 37,500 $ 100,000
The payback period is the time after the beginning of the project from which the business will earn positive returns. At the payback period, the business has incurred all its costs over the project and any further inflow of cash and returns will be considered as profit for the business.
The payback period is 2.687 years.
The depreciation of the machine will be added back to the net income because the depreciation is a non-cash form of expense.
The time it takes to recoup the cost of an investment is referred to as the payback period. It is simply the amount of time it takes an investment to break even. The payback period is crucial since people and businesses invest money primarily to be reimbursed.
While payback technique refers to the amount of time needed for the return on an investment to cover the entire initial investment, NPV (Net Present Value) is computed in terms of currency. Payback, NPV, and numerous more metrics are examples of ways to assess the worth of a project.
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Correctly punctuate the list. Write your answer in the text box below.1. The decline in company profit is attributable to four factorsSlower holiday salesIncreased transportation and fuel costsHigher employee wagesSlower inventory turnover2. To ensure clarity, follow these tipsBreak up overly long sentencesUse natural-sounding languageAvoid clichés
The decline in company's profit is attributable to four factors:
• Slower holiday sales.
• Increased transportation and fuel costs.
• Higher employee wages.
• Slower inventory turnover.
To ensure clarity, follow these tips:
• Break up overly long sentences.
• Use natural sounding language.
• Avoid clichés.
What is company's profit ?
One shareholder who has all of the company's issued shares is entitled to receive all of the company's surplus revenue (profits) Each shareholder owns 50% of the firm and is entitled to 50% of the excess revenue if a corporation has two owners and issues two shares of equal value. The money that remains after a firm has paid all of its expenditures is known as corporate profit. Top-line revenue is the total amount of money received by a company from the sale of goods or services during the reporting period.
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Based on the following information, prepare a contribution margin income statement assuming the company uses variable costing. Annual production Sales price Variable production cost per unit Direct materials 50,000 units $40 per unit $10 3 Direct labor $25 per unit Manufacturing overhead Fixed production costs 12. $150,000 each year; $3 per unit at 50,000 units of production Variable selling and administrative cost $1 per unit Fixed selling and administrative cost $100,000 each year Sales: А. Var. Production В. Var Selling & Admin 50,000 1,300,000 Contribution Margin С. Fixed Expenses: Fixed Mfg Overhead 150,000 Fixed Selling & Admin 100,000 250,000 Net Income D.
The contribution margin income statement is mentioned along with the Operating profit of $450,000 in the first and second years.
What is an Income Statement?One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements.
The revenue, costs, profits, and losses incurred by a corporation over a specific time period are the main topics of the income statement. An income statement also referred to as the profit and loss (P&L) statement or the statement of revenue and expenses, offers important information about a company's operations, the effectiveness of its management, underperforming industries, and its performance in comparison to peers in the same industry. The revenue, expenses, profits, and losses are the four main components of the income statement. It does not distinguish between receipts in cash and those in other forms of payment or disbursement.
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the success of the tom dennis ford dealership has been built largely on return customers and word-of-mouth recommendations. the majority of sales are made to customers who previously purchased a vehicle at the dealership or who know someone who had a positive experience of purchasing a vehicle there. the sales force at the tom dennis ford dealership most likely knows that using high-pressure selling is ineffective if the dealership wants to . the success of the tom dennis ford dealership has been built largely on return customers and word-of-mouth recommendations. the majority of sales are made to customers who previously purchased a vehicle at the dealership or who know someone who had a positive experience of purchasing a vehicle there. the sales force at the tom dennis ford dealership most likely knows that using high-pressure selling is ineffective if the dealership wants to . build long-term customer relationships achieve short-term gains maintain a database of local customers move last year's models obey local and federal law
The fulfillment of the tom dennis ford dealership has been constructed in large part on go back clients and word-of-mouth recommendations construct long-time period relationships with clients.
The required details about long-time period relationships is mentioned in below paragraph.
I could say that a long-time period relationships courting is constructed at the information that each events might be unswerving to every different and they love every different and that no matter the whole thing converting round them they may live collectively.The common long-time period courting ends after 2 years and nine months irrespective of whether or not the couple is married or not. Out of all the ones considered for this precise study, 24% have been married, 41% lived collectively earlier than their spoil-up, and 35% have been dwelling apartAccording to experts, there are numerous motives long-time period relationships couples spoil up, constructed from a extrade in values to a loss of bodily touch, and none of them are in all likelihood smooth to simply accept or apprehend while you are going via it.
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Which of the following is not part of capital formation?
The aforementioned argument contends that consuming does not contribute to capital development.
In a corporation, what exactly is capital?A company's capital is the funds it has on hand to cover both its ongoing expenses and potential future expansion. Cash management, debt, equity, and trade capital are the four main categories of capital. Stock brokers and other financial entities employ trading capital.
Does "capital" imply money?The term "capital" in corporate and commercial finance refers to everything that a company or business owner may employ to create greater value. Currency and other assets, including investments, real estate, financial securities, and copyrights, are sometimes referred to as capital.
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The complete question is-
Which of the following is not part of capital formation?
(a). Saving
(b). Mobilization of savings
(c). Investment
(d). Consumption
a_____strategy views the world as one market and uses standardized products and advertising worldwide.
A global strategy views the world as one market and uses standardized products and advertising worldwide.
Some businesses' worldwide operations have advanced to the point where they virtually treat the entire world as one market with just minor changes for each nation or global region. We refer to this as a worldwide strategy. For instance, Gucci, a premium goods brand, effectively sells the same things worldwide.
You may come across references to other types of "global strategy" in a variety of publications and academic papers. You will, for instance, encounter "multi-domestic methods." These can be studied in their context and are helpful. However, the three methods mentioned above cover the majority of options.
Even if a company has a worldwide plan, it takes a long time to establish and costs a lot of money. It requires several millions of dollars in addition to a lot of managerial time and skill. For instance, Coca-Cola spent many years building up to where it is today in the global soft drink market.
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Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves, with minimum ATC 5 $1.25 per pen. If the market equilibrium price of pens is currently $1.50, what would you expect it to be in the long run? LO11.2 A. $0.25. B. $1.00. C. $1.25. D. $1.50.
C. $1.25.expected it to be in the long run. It is a market that is solely influenced by market forces, in other words. It is opposed to imperfect competition, which more accurately reflects the nature of the market at the time.
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices. Take into account a farmers market where every seller is selling the same brand of jam. Since they all use the same recipe and charge the same price for their products, there is little difference between them. Sellers are few and can freely participate in the market without any restrictions at the same time.
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a mandated reporter who fails to make a report suspected abuse may be punished up to six months in jail and/or a $1000 fine. True or False
A required reporter who fails to disclose suspected abuse may face up to six months in prison and a $1000 fine is true.
A mandated reporter who fails to report an incidence of known or reasonably suspected child abuse or neglect as required by this section commits a misdemeanor punishable by up to six months in a county jail or a $1,000 fine, or both incarceration and fine.
Willful neglect to report is a second-degree misdemeanor in the first instance. If a required reporter willfully fails to report child abuse, which is a first-degree felony, the penalties are escalated to a third-degree felony.
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strongly influences the way adolescents construct a sense of self-continuity despite major personal changes.
Culture strongly influences the way adolescents construct a sense of self-continuity despite major personal changes. A population's collective ways of life, including its institutions, beliefs, and artistic expressions, are collectively referred to as its culture.
Since culture is "the way of life for an entire society," it encompasses norms for conduct, dress, language, religion, rituals, and the arts. Cultural aspects include things like laws, traditions, dress codes, and architectural designs. Important social and economic benefits are provided by culture. Culture improves our quality of life and boosts overall wellbeing for both individuals and communities through better learning and health, higher tolerance, and opportunities for social interaction. Material culture, or tangible items created by a society, and nonmaterial culture, or intangible items generated by a society, are the two main categories of culture. American material culture is exemplified by cars, yet our commitment to equality is a component of our nonmaterial culture.
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A firm with alliance management capability is able to effectively manage which of the following tasks? (Check all that apply.)Multiple select question.purchase of the alliance partneralliance design and governancepost-formation alliance managementpartner selection and alliance formation
Following tasks needed to be managed by alliance management:
Choosing of allies and establishment of alliancesAlliance design and governanceAdministration of alliances after establishment What is an alliance and how it is managed?Alliance: A cooperative economic connection between two or more parties that shares resources, knowledge, risks, rewards, and control in order to generate more value for their clients and own businesses than could be effectively done alone.
Alliance agreement: Contract between two or more organizations outlining the parameters of their alliance, such as shared duties, finances, goals, ownership and use of intellectual property, governance, etc.
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What does limited liability mean? The personal assets of the owners cannot be claimed if the business is bankrupt. The owners of the business are personally responsible for paying expenses incurred by the business. Anybody with a liability against a firm can claim only what their liability refers to. Only employees can have a claim on the assets of the business.
According to the research, the correct answer is Option A. A limited liability means that the personal assets of the owners cannot be claimed if the business is bankrupt.
What is a limited liability?It is a commercial company that protects the personal assets of the partner/partners, since they are not personally responsible for any corporate debts that may arise.
In this sense, it is integrated with the contributions of the partners and is characterized by the non-personal responsibility of the partners for the corporate debts, only the partner/partners will be responsible for them in relation to the amount of capital they contributed to the company.
Therefore, we can conclude that according to the research, in a limited liability, the contributions of the partners are, in principle, non-transferable where the capital, which will be divided into social shares, whose partners will not be personally responsible for the corporate debts if the company dissolved by interdiction or bankruptcy.
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the irs would most likely apply the arm's length transaction test to determine which of the following?
The standard used to assess whether an expense is fair or excessive in amount—rather than whether the transaction is correctly attributable to a specific period—is arm's length.
The standard used to assess whether an expense is fair or excessive in amount—rather than whether the transaction is correctly attributable to a specific period—is arm's length. The degree of comparability and the caliber of the information and presumptions employed in the analysis are the two main variables. Both must be carefully taken into account. Mortgage interest, retirement plan contributions, HSA payments, student loan interest, charitable contributions, medical and dental costs, lost gaming money, and state and local taxes are a few of the more popular deductions.
According to IRS regulations, taxpayers must use the arm's length principle while negotiating business deals with other managed companies.
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select the choices where the decision maker is rationally ignorant. the u.s. constitution is adpoted, finally, in 1790 after the 13th state, rhode island, signs it. this is a couple years after the other states. tax evasion is very high in a country. the revenue and tax department finds it very profitable to investigate a small percentage of potential tax evaders. the ppaca act, at 906 pages, was passed before legislators had an opportunity to read it. an employer is deciding between two potential temporary employees for a short-term position. knowing from past experience that it is difficult to predict the quality of a potential employee in advance, the employer flips a coin to decide which employee to hire instead of paying for a background check. when hiring a plumber, donnie always looks up ratings on several online services. a rider in a school bond election passes, then becomes a controversy when the local newspaper reports details. after more than 40 years in the same job, taylor knows it is unneccessary to learn how to use a computer.
Rational ignorance in economics states that the cost of acquiring information is greater than the benefits derived from that particular information.
A rationally ignorant person will think that learning about a particular issue is a waste of time.
Many individuals have taken the decision without having accurate information. The people believe that becoming informed is simply not worth the effort. They also believe that the uninformed can still be rational. In all these situations, people are not well informed about their chosen situation.
Choices E and F are based on not a rational ignorance choice. Here the participants have well informed about the chosen situation.
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a conditional-use permit allows a landowner to use property in a way that is not ordinarily permitted by zoning, due to unusual hardship or deprivation of reasonable use by the regulation. t/f
False, Due to unusual hardship or denial of reasonable use by the regulation, a conditional-use permit enables a landowner to use property in a way that is not typically permitted by zoning.
Zoning is an urban planning technique in which a municipality or other level of authority divides a region of land into "zones," each of which has different rules for new construction from other zones. In the case of form-based zoning, the various regulations may govern the density, size, and shape of permitted buildings regardless of their use. Zones may be defined for a single use (such as residential or industrial), they may combine several compatible activities by use, or they may combine multiple uses altogether. Whether planning clearance for a specific development can be granted depends on the planning regulations for each zone. A range of land uses, both unconditional and constrained, may be specified via zoning. The size, shape, and measurements of the lots into which the property may be divided, as well as the size and scale of the buildings, may be revealed. These rules have been established to direct urban development. The most prevalent regulation urban planning technique utilized by municipal governments in developed nations is zoning. The United Kingdom and Houston, Texas, are two exceptions.
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Jason threatens to physically harm Sierra if she doesn't sell him herbusiness, Flowers, Inc., for a below-market price. This isfraudduressundue influencegross misrepresentation
Jason threatens to physically harm Sierra if she doesn't sell him her business, Flowers, Inc., for a below-market price. This is duress.
When someone is forced to act against their wishes or interests, duress is used to compel them. This can include using force, false imprisonment, coercion, threats, or psychological pressure.A defendant who is forced to commit a crime because they fear for their safety or the safety of others may also use duress as a form of defense.Unlawful economic pressure can put someone under duress and make them unwittingly engage in risky financial practices.When someone is forced to act against their free will, they are under duress. Threatened physical harm or economic duress are both examples of duress.Learn more about Duress, here
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What are the 7 functions of financial institution?
Savings, wealth, liquidity, risk ,credit, payment, policy are the 7 functions of financial institution.
What makes money important?Financial issues are at the core of the field of finance. It is a crucial element for every company or person. It is crucial to a company since all businesses must make money in order to survive. It is considered a speciality business that requires people with experience for this reason.
What does finance include for a company?It makes reference to the entire quantity of cash and credit that a corporation has utilized. The execution of all other economic activities, as well as the purchase of goods, services, and raw materials, require business finance. In particular, it is required for conducting out all business processes.
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a bank has set a standard that mortgage applications be processed within eight days of filing. if, out of a sample of 1,000 applications, 35 fail to meet this requirement, what is the epmo metric, and how does it compare with a six-sigma level? use the six sigma excel template for your analysis. do not round intermediate calculations. round your answer for the epmo to the nearest whole number and the answer for the six-sigma level to two decimal places.
The EPMO metric will be 0.034 to compare with six-sigma level.
What is an EPMO?Program or portfolio management offices may sometimes be referred to as EPMOs. In addition to carrying out many of the same tasks as business project management offices, program management offices also handle all projects at once. Additionally serving as a point of contact for project managers and stakeholders, project management offices can provide pertinent information, status updates, and reports as required. In large firms, project managers are assisted with ongoing projects by an enterprise project management office, a strategic and administrative unit. They'll help make sure that all the technical parts of each task are standard and organized in addition to developing strategies to boost efficiency. The main distinction between project management offices and enterprise project management offices is perspective.
EPMO metric= No of applicants who fail to meet requirement/total number of applicants=85/2500=0.034
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hajar is developing a business impact assessment for her organization. she is working with business units to determine the target state of recovered data that allows the organization to continue normal processing after a major interruption. which of the following is hajar determining?
As Hajar is determining the target state of recovered data that allows the organization to continue normal processing after a major interruption, she is determining a) Recovery Point objective (RPO).
In the field of business, Recovery Point Objective (RPO) can be described as the revenue or target that a company needs to recover in order for the company to carry out its normal processes after the company has occurred a disaster or interruption.
In other words, the Recovery Point Objective (RPO) is a kind of business impact assessment that determines the destruction that has been made due to an interruption in the business and the target that needs to be reached in order for the company to have the ability in to start the normal procedures again. Hence, in the above case, Hajar is determining the Recovery Point Objective (RPO).
Although a part of your question is missing, you might be referring to this question:
Hajar is developing a business impact assessment for her organization. she is working with business units to determine the target state of recovered data that allows the organization to continue normal processing after a major interruption. which of the following is Hajar determining?
a) Recovery Point objective (RPO)
b) B. Recovery Time objective (RTO)
c) Business recovery requirements
d) Technical recovery requirements
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Karen works for Leather Planet Company. The top salesperson in her company has a sales conversion ratio of 80 percent, while hers is only 55 percent. Karen wants to achieve a conversion rate of 75 percent for the current quarter. Which of the following methods will help Karen see where she is falling short? Multiple Choice 1. benchmarking her performance against the best in the company 2. conducting life-cycle costing on all her products 3. using integrated marketing communications for accounts with low potential for sales 4. incorporating adaptive planning for conducting market survey 5. adopting the benefit opening approach for managing her nonselling activities
Karen will be able to see where she is lacking by comparing her performance to the finest in the business.
What comes first in the process of self-management?Prior to directing others, first direct yourself. Start by being your own employer and assigning yourself chores if you want to learn how to manage yourself. If you are incapable of managing your own assignments, it will be challenging to manage those provided to others. This is an essential first action.
A sales conversion ratio: what is it?The number of conversions divided by the total number of visitors is the conversion rate. For instance, if an e-commerce site has 200 monthly visitors and 50 purchases, the conversion rate is 50 divided by 200, or 25%.
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which of the following types of income are permitted a preferential tax rate? (select all that apply.) multiple select question. qualified dividends capital gains interest income salary and wages
Capital gains is subject to a preferential tax rate. Gains from the sale or exchange of capital assets, such as stocks and bonds, real estate, and pieces of art, are referred to as capital gains.
The Revenue Act of 1921, which reduced taxes in an effort to boost an economy troubled by recession, unemployment, and labor unrest, created the first preferential rate on capital gains.
Gains from the sale or exchange of capital assets, such as stocks and bonds, real estate, and pieces of art, are referred to as capital gains. Long-term capital gains, which are gains from capital assets held for more than a year, are taxed at 20 percent under the present tax code.
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Following are selected accounts for a manufacturing company. For each account, indicate whether it will appear on a budgeted income statement (BIS) or a budgeted balance sheet (BBS). If an item will not appear on either budgeted financial statement, label it NA. Sales Office salaries expense Accumulated depreciation Amortization expense Interest expense on loan payable Cash dividends paid Bank loan owed Cost of goods sold
The budgeted income announcement is a monetary file that lists the anticipated sales, prices in addition to the income for a given length.
The budgeted balance sheet virtually shows the anticipated quantities for the property, liabilities and the fairness of a enterprise on the give up of the budgeting duration.
a. Sales = Budgeted income statement
b. Administrative salaries paid = Budgeted income statement
c. Accumulated depreciation =Budgeted balance sheet
d. Depreciation expense = Budgeted income statement
e. Interest paid on bank loan = Budgeted income statement
f. Cash dividends paid = N/A
g. Bank loan owed = Budgeted balance sheet
h. Cost of goods sold = Budgeted income statement
A budgeted income assertion lists the expected revenue, fees and income for a given duration. additionally called a income and loss forecast, this monetary record is based on predictions, no longer on historical facts. normally, it takes into account a organization's previous monetary results and its finances for the coming year.
Budgeting is the procedure of creating a plan to spend your money. This spending plan is called a budget. developing this spending plan allows you to determine in advance whether you will have enough money to do the stuff you need to do or would like to do.
The 3 kinds of annual authorities budgets primarily based on estimates are Surplus price range, Balanced finances, and Deficit budget.
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a time instrument is a draft that specifies a date range during which the payee may collect payment.
This statement is True. A time draft is an instrument that defines a specified future date under which the payee may collect payment. The time draft specifies the time period under which the payee can collect the payment. One does not have to pay immediately; it defines the future period for payment.
In the traditionally informed performance movement, musicians perform classical songs with the use of restored or replicated versions of the units for which it was originally written. Regular performances by such musicians are stated to be "on actual devices".
This article consists of a listing of such instruments within the EU subculture, along with both devices which can be now obsolete and early variations of units that endured for use in later classical songs. There are five predominant tool households: strings, woodwind, brass, keyboards, and percussion.
Time is one of the seven fundamental physical quantities in each worldwide machine of units (SI) and global system of portions. The SI base unit of time is the second, which is described by measuring the electronic transition frequency of cesium atoms.
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Complete Question:
a time instrument is a draft that specifies a date range during which the payee may collect payment.
A) True
B) False
