The team lead should identify potential conflicts and schedule a weekly joint meeting with members from the three teams to monitor each other's work.
A team leader is someone who provides advice, teaching, direction, and leadership to a group of people (the team) in order to achieve a key result or set of aligned results. Team leaders function as the steering wheel for a group of individuals all working toward the same organizational goal.
The team leader analyzes the team's quantitative and qualitative accomplishments and communicates results to a management. The leader frequently works as a member of the team, doing the same functions but with added 'leader' responsibilities - as contrast to higher-level management, which frequently has a different job description entirely.
The team leader must motivate the team to "use their knowledge and abilities to achieve the shared goals" in order for the team to work successfully. Team members can function in a goal-oriented manner when a team leader stimulates them.
A "team leader" is also someone who can motivate a group of people to perform well. To establish an effective team, team leaders draw on their knowledge, peers, influence, and/or creativity.
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question 1 of 37 juan delgado is an employee in your sales department and li park is an outside consultant. if you share a dashboard with both of them, will there be any difference in their power bi experience?
Users of Power BI may easily construct attractive interactive dashboards thanks to the variety of reporting capabilities that are provided.
For consulting, do you still need a master's degree?The minimal prerequisite for working as a business consultant is frequently an undergraduate course in management consulting, marketing, mathematics, engineering, or a related field. Most prestigious business consulting businesses demand a phd.
How can I begin my career as a consultant?For entry-level job, the majority of industries require a bachelor's degree. Most consultants are graduates of business administration, finance, or economics programs. But among business consultants, degrees in marketing, computer science, and psychology are also prevalent.
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you are not getting the results required from the plastic mold used to make one of the deliverables needed for your project. you have requested audit team to investigate the thermoforming process. they decide to look at how the temperature affects the pliability of the plastic. what should they do?
The audit team should review the temperature settings for the thermoforming process and determine if they are within the optimal range for the plastic being used.
What is thermoforming process?Thermoforming is a manufacturing process used to form thermoplastic materials into a desired shape. The process involves heating a thermoplastic sheet to a temperature at which it becomes pliable and then using a mold or vacuum to shape the material into a desired form. The process can be used to create a wide range of products, from medical device components to packaging materials.The thermoforming process begins with the selection of a thermoplastic sheet that meets the desired requirements of the product. The sheet is then loaded onto a thermoforming machine and heated to a temperature at which it becomes pliable.
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First Aid Expenses under the Homeowners Policy would cover
First aid costs under homeowner policy include: First Aid Coverage applies to providing first aid to another person caused by a covered bodily injury, but does not pay for the insured's first aid.
Under Section II of standard homeowners insurance, the insurer covers liability to third parties for certain bodily injury or property damage. Simply put, if someone is suing you or threatens to sue you, your insurance company will reimburse you for the damages you paid the third-party plaintiff or legal fees to defend. You can.This blog takes a closer look at the personal liability section of the Homeowner Policy.
Section II of a typical homeowner's policy states that an insurance company may have to pay a third party for certain "personal injury" or "property damage" resulting from an "event." It contains a clause where you agree to defend and indemnify you for certain damages.
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a market situation in which the average total costs of production continually decline with increased output until the enitre market is suppplied is called
A market situation in which the average total costs of production continually decline with increased output until the entire market is supplied is called natural monopoly.
A natural monopoly is a market situation where a single firm is able to supply a good or service to an entire market due to certain cost advantages. This cost advantage often comes from economies of scale, which means that the average cost of production decreases as the company increases its production.
This allows the single firm to have a significant cost advantage over potential competitors, allowing it to dominate the market. As a result, the single firm is able to charge prices that are higher than what would be the case in a competitive market.
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a. suppose that businesses buy a total of $150 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. if households receive $80 billion in wages, $20 billion in rent, and $30 billion in interest, how much are households paid for providing entrepreneurial ability?
Households receive $ 20 billion in compensation for their business skills.
What term refers to the payment for entrepreneurial ability?The sum paid by a company to hire and retain entrepreneurial talent; the minimal wage that entrepreneurial talent must earn to be persuaded to carry out entrepreneurial duties for a company. Entrepreneurs make investments in their communities by bolstering the regional economy and generating employment. Many business owners develop items that alter how people live and do commerce.
The opposite of self-employment is paid employment. It is the act of working for someone else in exchange for payment. Everyone wants to be able to support themselves, and there are many ways to do so.
profit income = 150 - 80 - 20 - 30
= $ 20 billion.
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baker's net income for the current year was $78,000, and dividends of $28,000 were declared and paid. common stock was issued for $200,000. what amount should baker report as cash provided by operating activities in its statement of cash flows for the current year?
The net sum of the three types of cash flows—$351,000 operating - $420,000 investing + $250,000 financing—plus the cash balance at the beginning of the year, $27,000, equals the cash balance at the end of the year. A $208,000 balance is left over.
What are the three types of cash?
Is all cash created equally, given how essential cash is to a company's survival? NO is the answer! There are three places where your company can get funding:
Operating Cash - cash created from business operations demonstrates how well management turns profits into cash.
Cash input from shareholders, loans, or repayments to lenders make up financing.
Cash outlay or income from buying or selling assets is used for investing.
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on march 26, jones repair service earned $1,700 of service revenue on account. the journal entry to record this transaction would be:
For Jones Repair service the journal entry would include Debit: accounts receivable 1,700 and Credit: service revenue 1,700
Each journal entry includes information relevant to a particular business transaction, such as the date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved. Depending on the firm, it may include a list of impacted subsidiaries, tax information, and other information. It is critical to enter entire journal data precisely so that the general ledger and financial reports based on this data are similarly accurate and thorough. Recurring journal entries can be templated and executed automatically using current accounting software, reducing the possibility of mistake. Journal entries are created in chronological sequence and adhere to the double-entry accounting system, which means that each has a credit and a debit column. Even when debits and credits are connected to different accounts, the amounts in each columns must be the same.
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in the north, if the price goes up by $0.20 per pound, then the quantity supplied in the north goes up by 100 pounds per year. if the price of cherries goes up by $0.20 in the south, what will happen to the quantity supplied?
The quantity supplied in the south will also go up by 100 pounds per year.
How will the amount provided fare?When the price of cherries in the south increases by $0.20 per pound, the quantity supplied will also increase. This increase in the quantity supplied is due to the fact that sellers are able to increase the price of their product and still keep it in demand for consumers.The increase in price will lead to an increase in revenue for the sellers, allowing them to increase production and supply more cherries. When the price of cherries in the south goes up, the quantity supplied will increase as sellers find it more profitable to produce and supply more cherries.This increase in the quantity supplied will be due to the fact that the higher price will allow sellers to cover their costs and increase their profits. Additionally, the higher price will attract more consumers as they will find it more cost effective to purchase the product at the higher price.Overall, when the price of cherries in the south increases by $0.20 per pound, the quantity supplied will also increase. The extent of this increase in the quantity supplied will depend on the local pricing, production costs, demand, and other factors in the south.To learn more about a price-quantity effect refer to:
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Which family business decision-making process will be most affected by bounded rationality?a. Collaborativeb. Independentc. Autocraticd. Consensuse. Democratic
Autocratic decision-making process will be most affected by bounded rationality.
Consensus decisions within a family business system require agreement not only on what the problem is and how to solve it, but ultimately on a shared vision for the family's mission and company's future.
Bounded rationality describes how people make decisions that deviate from perfect economic rationality because our rationality is limited by our ability to think, the information available, and time. Instead of making the "best" choice, we often make the choice that makes us happy.
Autocratic decision making means that the leader retains control and responsibility for the decisions. As co-leader, make and announce decisions without consulting the group. Pros: Autocratic decision-making is quick.
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One way of checking the effect of Undercoverage nonresponse and other sources of error in a sample survey is to compare the sample with known facts about the population about 12% of American adults identify themselves as black Suppose we take an SRS of 1500 American adults and let X be the number
About 12% of adult Americans identify as black. Let's say we use an SRS of 1500 American adults, and we define X as the proportion of black respondents.
What is the full meaning of identify?
to identify or establish as being a specific person or thing; confirm the identification of: verb (used with object), identify, identify. to recognise handwriting or the owner of a check. in order to act as a means of identification for: He was instantly recognised by his stern voice. The woman recognised the dog as her missing pet. He recognised the mushroom with accuracy. The criminal suspect was positively identified by the witness. Based on dental data, the corpse was identified.
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jones corporation reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. the working capital is:
The working capital of Jones Corporation, with current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet, is $57,500.
The difference between current assets and current liabilities is known as working capital. The money that can be used to pay short-term obligations is represented by working capital. The following are some of the factors used to determine the working capital:
Accounts Payable, Accounts Receivable, Inventory, Cash Equivalents.
given
$196,00 in current assets
($138,500) Current liabilities
($196,000 - $138,500) working capital equals $57,500.
Jones' working capital is therefore $57,500.
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a particular stock has a dividend yield of 1.2 percent. last year, the stock price fell from $65 to $59. what was the return for the year? (a negative value should be indicated by a minus sign. do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
According to the question of stock price,the return for the year was negative 9.32%.
What is stock price?Stock price is the monetary value of a company's stock or shares. It is the price at which investors are willing to buy or sell a particular stock. Stock prices are determined by the market forces of supply and demand; when a company's stock is in demand, the price will go up, and when the demand decreases, the price will go down. Stock prices are monitored by investors to help decide when to buy or sell a particular stock.
To calculate the return, we first need to calculate the dividend yield by multiplying the dividend yield of 1.2% by the beginning stock price of $65. This gives us a dividend yield of $0.78.
We then subtract the dividend yield from the ending stock price of $59 to get the total return for the year, which is -$6.78.
Finally, we divide the total return by the beginning stock price of $65 to get the return for the year as a percentage. This gives us a return of -9.32%.
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suppose that as a project manager, you provide detailed plans and frequent project updates to both the team and stakeholders. what project management value does this represent?
The value of project management represents effective communication that works.
The process of managing a team's efforts to complete a project on time and on budget is known as project management. Project documentation is typically created at the beginning of the development process and contains a description of this data. The top three constraints are scope, time, and budget.
Successful communication This adds value to project management. Effective communication is the process of exchanging concepts, perspectives, information and facts to ensure that messages are accurately received and understood.
Effective communication makes both the sender and recipient happy. Productive communication leaves everyone involved feeling satisfied and successful. If project communication is clear, conflicts are less likely because there is less chance of misunderstandings or changing messages. Listening is an important part of communication. Effective project listening requires more than just understanding what is being said or written.
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why did the government act quickly to end union-led strikes? responses workers were duty bound to report for work. workers were duty bound to report for work. the government was run by former big business bosses. the government was run by former big business bosses. there was a belief that strikes were related to anarchy and socialism. there was a belief that strikes were related to anarchy and socialism. there was an implied contractual obligation that was undermined by a strike.
The government act quickly to end the union-led strikes as government was run by the former big business bosses.
What is a government?Given how deeply ingrained government is in our culture and how prevalent it is in our daily lives, most individuals struggle to give a precise definition of it. But a definition of government is a necessary first step in any inquiry into the American political system. A government is the governing structure of a state or community. Although there is governance in every organization, the term "government" is commonly used to refer more specifically to the 200 or so sovereign national governments that exist on Earth, as well as the institutions that make up these governments, such as state, provincial, and local governments. Although the founding of the earliest governments is recorded in history, it is unknown when the phenomenon of human government initially emerged.
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what are the definite benefits for students who join one or more professional organizations? (check all that apply.)
Professional associations are a great source of information on internships or practicums. These types of experiences are frequently required for graduation. They also give students valuable hands-on experience and can lead to a potential job offer in the future.
What is meant by internships ?
A professional learning opportunity known as an internship provides students with relevant, hands-on work that is connected to their area of study or career interest.A student can explore and enhance their career while learning new skills through an internship.Compared to unpaid internships, paid internships are quite scarce. Even though you might locate a paid internship, your odds of getting one in your preferred sector are slim.An internship exposes you to the difficulties of the workplace, and having firsthand knowledge of these circumstances can be helpful to discuss in upcoming interviews and convince potential employers that you will be a suitable match for their organization.To learn more about internships refer to
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jane ramirez owns shares in the touchstone small cap fund that have a current value of $19,250. the fund charges an annual 12b-1 fee of 0.25 percent. what is the amount of the 12b-1 fee ms. ramirez must pay?
The amount of the 12b-1 fee that Ms. Ramirez must pay is $48.13. A 12b-1 fee is a type of fund expense charged to investors to cover marketing and distribution costs.
This fee is calculated by multiplying the total fund value by the 12b-1 fee percentage, which in Ms. Ramirez's case is 0.25%. Therefore, the 12b-1 fee Ms. Ramirez must pay is 0.25% of the $19,250 fund value, or $48.13. This fee is usually paid once a year and is deducted directly from the value of the fund. It's important to understand that 12b-1 fees are ongoing expenses that can add up over time and can reduce the fund's overall return.
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your team has created a new feature for your product that required a rework how several components interact. during a daily stand-up just prior to launch, your qa team express concerns that due to the extent of the changes that the new feature may introduce several bugs into other key features of your product. you are on a tight release window, and customers are expecting the new feature with the next release. what should you do?
In the given case- Put a formal process in place to ensure story points are not duplicated.
Customers are critical to a company's success because they generate revenue; without them, the company would have to close its doors.Seven traits of today's consumerIt's all about the customers. Because they bring in money, customers are important. Organizations would cease to exist without them.Customers expect personal interactions, are ALWAYS connected, and don't have the patience to wait for the goods they want.Over brands, consumers trust influencers.The environment is important to consumers.The opinions of consumers differ greatly.To know more about customers here
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how do we decide how to supply our labor or land? with work we must value time, with work or output.
Firms engage workers to assist them in producing product. The amount of labor required by a company is determined by the amount of production desired.
Businesses require labor and capital as inputs to their manufacturing process for generating goods and services. The demand for labor is a concept of economics derived from the demand for a firm's product. That instance, if demand for a business's product rises, the firm will want more workers, resulting in more hiring. And if demand for the firm's output of goods and services falls, it will require less labor, and its demand for labor will reduce, resulting in fewer employees being kept.Labor supply and demand are influenced by labor market conditions. Those looking for work will provide their labor in return for pay. Businesses that require labor from employees will compensate them for their time and expertise.
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Kate recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that investment based on three economic scenarios. She believes that if the economy stays healthy, then her investment will generate a 30 percent return. However, if the economy softens, as predicted, the return will be 10 percent, while the return will be -25 percent if the economy slips into a recession. If the probabilities of the healthy, soft, and recessionary states are 0.6, 0.2, and 0.2, respectively, then what are the expected return and the standard deviation of the return on Kate❝s investment? (Round expected return to 3 decimal places, e.g. 0.125 and round intermediate calculations and standard deviation to 5 decimal places, e.g. 0.07680.)
A real estate is a form of real property, meaning that it is something you own that is attached to a piece of land.
What is the meaning of real Estate?The profession of purchasing, selling, and renting real estate is known as the real estate business.
Typically, real estate companies work with a community of agents to help buyers and sellers of properties. Potential businesses and consumers are shown houses that suit their needs by real estate brokers. Additionally, they aid to finish the transaction by negotiating prices.
Real estate has traditionally been viewed favorably by long-term investors. This is due to the long-term trend of rising housing prices.
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Marketing channels are made up of various entities that form relationships with one another. The basic motivating factor in these interactions is
The basic motivation factor in marketing channels is profit maximization by increasing the efficiency of distribution of products and services. This is usually done through a number of entities such as suppliers, manufacturers, wholesalers, retailers and customers.
These entities work together to create an efficient and effective channel by creating mutual relationships. They pool their resources, knowledge and skills to help each other achieve their goals. Suppliers provide the raw materials or products needed to create the product, manufacturers create the product, wholesalers distribute the product, retailers sell the product to consumers, and customers use the product. This relationship is win-win and creates an efficient and effective marketing channel.
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toddler received $9,900 of initial payments on september 1, year 1, and $3,240 of monthly fees during the period september 1 through december 31, year 1. in its december 31, year 1 balance sheet, what amount should toddler report as deferred revenues?
The amount that toddler should report as deferred revenues is $9,900.
What is a deferred revenue?Advance payments a business receives for goods or services that will be provided or carried out in the future are referred to as deferred revenue, also known as unearned income. The corporation that receives the prepayment adds the sum to its balance sheet as a liability known as deferred revenue. Because it shows money that hasn't been generated and represents goods or services that are owing to a client, deferred revenue is a liability. It is proportionally recorded as revenue on the income statement as the good or service is supplied over time. A corporation that gets an advance payment records deferred revenue as a liability on its balance sheet. This is so that it can fulfill its duty to the consumer for the goods or services that are owed.
Amount= ($500 × 15) + ($200 x 12) = $9,900
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assets that increase the benefits of land, have a limited useful life, such as parking lots and lighting systems, are called: multiple choice question. land land additions land structures land improvements
Assets that increase the benefits of land, have a limited useful life, such as parking lots and lighting systems, are called land improvements.
Land improvements, such as pathways and fences, are assets that increase the advantages of land, have a finite useful life, and are depreciated. Keep in mind that certain land improvements are liable for depreciation.
Improvements to the land are additions with a finite useful life. Examples include driveways, walkways, fences, and lighting fixtures.
For this reason, land improvements are viewed as a totally separate asset than land. The cost of improving land is not included to the land's initial purchase price.
Instead, it is handled as if it were a whole other asset purchase, and it is depreciated over the course of its useful life exactly like other fixed assets.
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a manufacturer has been selling 1450 television sets a week at $480 each. a market survey indicates that for each $20 rebate offered to a buyer, the number of sets sold will increase by 200 per week. a) find the demand function p ( x ) , where x is the number of the television sets sold per week.
If a $20 rebate is offered, the demand function becomes p(x) = 460 - 20x.
What is rebate?A rebate is a form of discount given to a customer at the time of purchase or shortly afterwards. It is usually offered as a percentage of the purchase price. Rebates are often used as an incentive to encourage customers to make a purchase, as they can reduce the total cost of the item.
a) The demand function p(x) is given by p(x) = 480 - 20x, where x is the number of television sets sold per week. This equation states that the price per television set decreases by $20 for every additional 200 television sets sold per week.
b) If a $20 rebate is offered, the demand function becomes p(x) = 460 - 20x. This means that the number of television sets sold per week will increase to 1650 if a $20 rebate is offered.
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Complete Question
a manufacturer has been selling 1450 television sets a week at $480 each. a market survey indicates that for each $20 rebate offered to a buyer, the number of sets sold will increase by 200 per week. a) find the demand function p ( x ) , where x is the number of the television sets sold per week.explain b) how many television sets will be sold if a $20 rebate is offered?
if a mortgage loan originator (mlo) originates a loan while his license is suspended or revoked, the loan is:
If a mortgage loan originator (molo) originates a loan while his license is suspended or revoked, the loan is valid but the molo violated the law.
What transpires if your home loan is put on hold?Suspended: This could indicate that the underwriter is unable to evaluate your case because certain supporting documentation is missing. If, for instance, the underwriter was unable to confirm your work or income, your application can be put on hold.
How soon after failing to keep their license current must an MLO repeat the exam?(3) A former state-licensed loan originator is required to repeat the exam and receive at least 75% of the correct answers if they fail to keep their license current for five years or more, without including any period they were registered loan originators.
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in making the decision to buy the model 220 machine rather than the model 370 machine, the differential cost was:
The differential cost between the model 220 and model 370 machines was $73000, which was considered while choosing which machine to purchase.
What is differential cost?Differential cost refers to the difference between the cost of two alternative decisions. The cost occurs when a business faces several similar options, and a choice must be made by picking one option and dropping the other.
calculate differential costing using the following formula: Differential cost = Total cost of alternative 1 - Total cost of alternative 2. Start by calculating the overall costs of each alternative. Next, find the difference in revenue between the two options.
As part of their role, managers often choose the best option from the various available alternatives. Differential analysis is a quantitative decision-making technique that examines the costs and benefits of two options and compares the net results to help professionals make the right choice in scenarios with multiple options. Understanding differential analysis can help managers make informed decisions that yield the highest revenue or result in the least loss. In this article, we discuss the definition of differential cost, explore a few associated terms, explain it with a few examples and understand its significance in business decisions.
Differential cost to buy the model 220 machine rather than the model 370 machine
= Cost of new model 370 machine - Cost of new model 220 machine
= $536,000 - $463,000
= $73,000
Thus, the correct option is A. $73000
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The complete question is :
Management of Plascencia Corporation is considering whether to purchase a new model 370 machine costing $536,000 or a new model 220 machine costing $463,000 to replace a machine that was purchased 9 years ago for $484,000. The old machine was used to make product I43L until it broke down last week. Unfortunately, the old machine cannot be repaired.
Management has decided to buy the new model 220 machine. It has less capacity than the new model 370 machine, but its capacity is sufficient to continue making product I43L.
Management also considered, but rejected, the alternative of simply dropping product I43L. If that were done, instead of investing $463,000 in the new machine, the money could be invested in a project that would return a total of $488,000.
In making the decision to buy the model 220 machine rather than the model 370 machine, the differential cost was:
A) $73,000
B) $21,000
C) $52,000
D) $4,000
at the beginning of year 2, a company invested $40,000 in a marketable equity security. at that time the security was appropriately classified security with readily determinable market value. at the end of year 2, the security had a fair value of $28,500. the change in fair value is deemed temporary. how should this change in fair value be reported in the financial statements?
To determine the fair value change throughout the course of the period, deduct the beginning fair market value from the fair value at the end of the period.
What is a change in fair value?To determine the fair value change throughout the course of the period, deduct the beginning fair market value from the fair value at the end of the period.An unrealized gain or loss is represented as a positive number, while the opposite is true for a negative number. Through unrealized gains or losses, changes in fair value have an impact on the balance sheet's other comprehensive income (OCI). Securities held for trading are ones that will be disposed of quickly (less than a year).A change in fair value affects the net income.
Date Account title and explanation Debit Credit
March 1 Equity investment $32,000
($612,000/17%)*8% - $256,000)
Unrealized holding gain $32,000
(To adjust the value of equity investment)
Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value
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identify the true and false statements about the experimental element known as the control condition?
They are critical-thinking exercises in which researchers think through how they would test particular hypotheses before testing them or instead of testing them.
A hypothesis is an explanation given for a phenomenon. The scientific method requires a hypothesis to be testable in order for it to be considered a scientific hypothesis. Scientists often make scientific assumptions about past data that existing scientific ideas cannot adequately explain.
A scientific hypothesis is not the same as a scientific theory, although the terms "hypothesis" and "theory" are often used interchangeably. A working hypothesis is a hypothesis that has been provisionally accepted and is subject to further investigation in a process that begins with an educated guess or concept.
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the abc corporation sells a vacant lot it has owned for a few years. there is no physical property to depreciate and no improvements have been made to the property. the property sold for $130,000 and it was originally purchased for $90,000. what is the amount of capital gains tax due from the sale if the company is in the 39% tax bracket
The amount of capital gains tax due from the sale if the company is in the 39% tax bracket is 24,400.
What is Tax?A certain amount that is collected by the government of any country from its citizens is later on used in the development process of the country and is called a tax. This tax is based on the income of an individual vary person to person.
The calculation for Capital gain is
cost price = 90,000
Selling price = 130,000
Profit = 130, 000 - 90, 000
Profit= 40, 000
Tax paid = 39% of profit
Total capital gain = Profit - Tax
=40,000-15600
= 24,400.
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last year, alan had to invest. he invested some of it in an account that paid simple interest per year, and he invested the rest in an account that paid simple interest per year. after one year, he received a total of in interest. how much did he invest in each account?
She put a portion of it into an account that earned 8% simple interest annually and put the remainder into one that earned 5% simple interest annually.
What does the term interest mean?The fee you pays to borrow the money or the fee you charge to make loans is called interest. Interest is frequently calculated as an ongoing percentage of the amount borrowed. The interest on the loan is known as this percentage.
What is the annual interest rate?With the premise that interest is compounded annually, the term "per annum interest rate" refers to the cost of borrowing for a period of one year.
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which plan allows members to choose their own medical care providers, and care from a participating provider or facility resulting in increased benefits?
PPO plan allows members to choose their own medical care providers, and care from a participating provider or facility resulting in increased benefits.
In the context of U.S. health insurance, a preferred provider organisation (PPO), also known as a participating provider organisation or preferred provider option, is a managed care organisation made up of physicians, hospitals, and other healthcare professionals who have contracted with an insurer or a third-party administrator to provide medical services to the insurer's or administrator's clients at a discounted rate. A subscription-based medical care arrangement is a preferred provider organisation. The selected experts connected with the organisation are able to offer a significant discount off of their standard prices to members. Instead of the typical insurance where premiums and accompanying payments are either fully or partially paid by the insurance provider to the medical provider, preferred provider organisations make money by charging an access fee to the insurance company for the usage of their network.
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