The correct option is its stockholder's equity. A balance sheet shows what a company owns in terms of means and what it owes in arrears. A balance sheet is a financial statement that reports a company's means.
Balance sheets are the base for calculating rates of return for investors and assessing a company's capital structure. Equity generally refers to the power of a public company or an asset. An existent might enjoy a house's equity but not the property outright.
Shareholders' equity is the net quantum of a company's total means and arrears as listed on the company's balance distance. An asset represents a profitable resource that is controlled by, for illustration, a company.
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a contractor entered into an agreement with a homeowner whereby the contractor would construct a fireplace in the homeowner's home for a fee of $5,000, with construction set to begin in july and to be finished by october 1. the contractor began the work promptly but soon found that the walls of the homeowner's home were built more solidly than expected, which was particularly unusual for homes in the homeowner's neighborhood. the contractor notified the homeowner immediately of the problem with the walls. the contractor told the homeowner that in order to
The contractor and homeowner have a valid contract, as the contractor notified the homeowner of the additional costs and the homeowner agreed to the revised fee.
What is contractor?
A contractor is someone who has the skills and expertise to carry out a specific job or service for a customer. Contractors, who are usually self-employed, are hired to complete specific tasks or projects that require specialized skills or knowledge. Contractors can work on either a short-term or long-term basis, and often have their own team of employees or subcontractors to carry out the work. When a contractor is hired, they are usually responsible for providing their own equipment and materials and for meeting any agreed-upon deadlines.
The contractor was also able to complete the job by the agreed-upon deadline, so all the terms of the contract have been fulfilled.
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Develop a summary of the mission and corporate culture of these two retailers (Walmart vs Target). Note a corporate culture reflects the core values, norms, and behaviors that reflect how it behaves toward employees, customers, and suppliers.
The mission statement outlines a company's business, goals, and strategy for achieving those goals. The vision statement defines the organization's desired future position.
What is Mission and Vision of a company ?The mission statement summarises a company's business, goals, and strategy for achieving those goals. The vision statement outlines the organization's desired future position.
The company's goals, ambitions, and values are frequently stated by combining elements from the mission and vision statements. Target's mission is to provide surprises, fun, convenience, and inspiration at every turn, regardless of when, where, or how you shop.
Joining Target entails promoting a climate of respect and caring for one another while working to have the most significant and beneficial impact. Helping all families experience the joy of everyday life is instilled in who we are; it is how the entire Target team cares, grows, and triumphs as a unit.
Walmart's mission is to make the world a better place by improving human welfare, regenerating the environment, and building flourishing, resilient communities. For us, this means working to improve communities, increase diversity, fairness, and inclusion, and build a more sustainable future.
At Walmart, culture is at the heart of everything we do. Culture is how we live out our ideals. It's how we provide excellent customer service, foster a positive work environment for our front-line employees, and improve performance in order to achieve our shared goal of helping people save money so they can live better lives.
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As you move down the production possibility frontier, the absolute value of the marginal rate of
transformation
A) increases.
B) decreases.
C) initially increases, then decreases.
D) initially decreases, then increases
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation increases that is option A is correct.
Within business, it is often seen that some goods are used at once in the production of different goods. The different goods that are produced from the other goods are more productive and efficient than the goods that are used to produce them. Marginal Rate of Transformation is the term that is used to describe the number of units of a particular good that are used in the processing of one unit of a different good. When we use the Marginal rate of transformation then the other factors of production and the technology used in the production are kept constant. The marginal rate of transformation increases as we move down the production possibility frontier.
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Match the term on the left with its definition on the right related to present and future value concepts.
1. Annuity
2. Interest
3. Future Value
4. Present Value
1. A series of equal payments occurring at equal intervals
2. A borrower's payment to the owner of an asset for its use
3. The value of present-day assets at a future date
4. The value of future-day assets today
1. A series of equal payments occurring at equal intervals
2. A borrower's payment to the owner of an asset for its use
3. The value of present-day assets at a future date
4. The value of future-day assets today
What is Annuity?
A contract between you and an insurance provider known as an annuity obligates the insurer to pay you payments either now or in the future. An annuity can be purchased with one payment or several installments.
An annuity is a series of regular payments made in the investment world. Regular contributions to a savings account, regular mortgage payments, regular insurance payments, and pension payments are all examples of annuities. The periodicity of payment dates can be used to categorize annuities.
A future sum of money or stream of cash flows' present value (PV), assuming a given rate of return, is their current value. Future value is converted to present value by using either a discount rate or the interest rate that would be earned if an investment were made.
1. A series of equal payments occurring at equal intervals
2. A borrower's payment to the owner of an asset for its use
3. The value of present-day assets at a future date
4. The value of future-day assets today
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dentifying cash and non-operating assets is crucial when valuing a company. which of the following is considered cash and/or a non-operating asset? select all that apply.
Assets that are not essential to a company's day-to-day operations but nonetheless have the potential to generate revenue are referred to as non-operating assets.
which of the following is considered cash and/or a non-operating asset? select all that apply.
Non-operating assets are assets that are not considered to be part of a company's core operations.
Option C is correct.
Why is it necessary to distinguish between assets that are operating and those that are not?A common component of a company's resources are assets that are not in use. You can prepare for a successful business career by understanding the distinctions between operating assets and non-operating assets. Being familiar with these kinds of assets can also help you effectively conduct business analyses.
What is meant by the term "non-operating asset"?Assets that aren't part of a company's core operations are called non-operating assets. Land that is not being used, spare parts, investment securities, and other similar items are examples of non-operating assets. A company's non-operating income includes income from assets that are not in use.
Question incomplete:Identifying cash and non-operating assets is crucial when valuing a company. which of the following is considered cash and/or a non-operating asset? select all that apply.
A. expenses that are recorded in the income statement
B. financing the day-to-day operations of the company
C. Non-operating assets are assets that are not considered to be part of a company's core operations.
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in the net advantage to leasing calculation, all cash flows (except salvage value) are discounted at the firm'
In the net advantage to leasing calculation, all cash flows (except salvage value) are discounted at the firm's after-tax marginal cost of borrowing.
A cash flow is a physical or virtual movement of money: in its most basic form, a cash flow is a payment (in a currency), often from one central bank account to another.
The phrase 'cash flow' is most commonly used to represent payments that are projected to occur in the future, are hence unknown, and must thus be forecasted using cash flows. However, it is common to use cash flow in a broader meaning to describe (symbolic) payments into or out of a firm, project, or financial instrument.
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Which of the following items are plant assets? (Check all that apply.) O Land held for investment O Equipment being used in operations O Equipment with no value O Building being used for operations
The plant assets are as follows:
(A) Equipment being used in operations.
(C) Building being used for operations.
What are plant assets?Capitalized plant assets include real estate, improvements to real estate, buildings, improvements to buildings, software, donated equipment, fixed equipment, moveable equipment, other assets, and other expenditures that fit the criteria.
Plant assets are included in the long-term assets category of the reporting entity's balance sheet under the property, plant, and equipment line item.
The asset's reported value may be offset by the line item's cumulative depreciation in the presentation.
Plant assets include buildings and equipment that are employed in operations.
A fixed asset is usually referred to as a plant asset.
Examples include equipment and machinery, real estate and buildings, furniture, computers, copyright, and automobiles.
Therefore, the plant assets are as follows:
(A) Equipment being used in operations.
(C) Building being used for operations.
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Correct question:
Which of the following items are plant assets? (Check all that apply.)
Multiple select questions.
a. Equipment being used in operations
b. Land held for investment
c. Building being used for operations
d. Equipment with no value
which of the following forms of business may be classified as direct participation programs? general partnership limited partnership s corporation closely held c corporation
First option is correct. A Direct Participation Program (DPP) is a pooling entity that allows investors to access a company's cash flow and tax benefits.
A DPP, also known as a "Direct Participation Program", is a long-term, non-trading pool investment in a real estate or energy venture. A Direct Equity Program (DPP) provides investors with access to corporate cash flow and tax incentives.
Member buy-in is required for DPP to take advantage of program benefits. Most DPPs are real estate investment trusts (REITs) and limited partnerships. Understand the Direct Participation Program (DPP).
In most direct equity programs, a limited partner invests (shares are expressed in “units”) and a general partner invests. Most DPPs are passively managed and have a lifespan of 5-10 years. During this time, all tax credits and income from the DPP will pass to the partner. Although DPPs have become a popular way for average investors to access investments normally reserved for wealthy investors, due to the income they generate and their pooled nature. , there are some caveats.
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Dakota, inc. purchased raw materials worth $8,000 on account. the journal entry to record the purchase of raw materials on account is .
On account, Dakota, Inc. bought raw materials totaling $8,000. Debit Raw Materials Inventory, $8,000; credit Accounts Payable, $8,000 is the journal entry to reflect the purchase of raw materials on credit.
What significance does the raw material inventory have?The stock of components that a corporation has that have not yet been used in the creation of a finished good is referred to as its "raw materials inventory."
The raw material inventory lists the supplies that the company has produced or bought for use in manufacturing products. Of course, they are the essential conditions set forth by the business for the production process. Such components may be included in both direct and indirect products.
Is the raw material inventory negative or positive?On a balance sheet, raw materials are often recorded as an inventory asset. A debit is made to the accounts payable account and a credit is made to the raw materials inventory account when registering raw materials.
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the invested capital (in millions of dollars). find p(105, 45) and interpret it. (round your answers to one decima
The invested capital is $25 million, which is rounded to one decimal.
What is invested capital?The total amount of money a company raises by issuing bonds to bondholders and equity to equity shareholders, along with the total amount of debt and capital lease obligations, is what is referred to as invested capital. This amount is then added to the amount of equity issued to investors.
Net investment = Gross investment - depreciation.
Net investment = Investment at the beginning of the year -Investment at the end of the year.
Net investment = $105 million -$100 million.
Net investment = $5million
Depreciation = 20% of investment at start of the year
= 20% of 100million
= $20million
Gross investment is
$5million + $20million
=$25 million
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What can be learned from the journal EPA providing research funding to Colorado small businesses to develop technologies for wastewater reuse and microplastic identification?
The U.S. Environmental Protection Agency (EPA) has awarded two Colorado small businesses, Sporian Microsystems Inc. in Lafayette and J-Tech LLC in Lakewood,
What does the EPA (Environmental Protection Agency) do?The Environmental Protection Agency funds and carries out research, develops and enforces environmental legislation, and guards against serious health threats to people and the environment.The U.S. Environmental Protection Agency (EPA) has awarded two Colorado small businesses, Sporian Microsystems Inc. in Lafayette and J-Tech LLC in Lakewood, $100,000 each for the development of innovative environmental technology linked to the identification of microplastics and wastewater reuse.Following the science, the law, and being transparent are the three EPA principles that are renewed in the Plan, which also adds a fourth fundamental concept called advancing justice and equitable.To learn more about Environmental Protection Agency (EPA) refer to:
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u.s. gross domestic product (in contrast to gross national product) measures the production and income of. true or false
In contrast to gross national product, U.S. gross domestic product measures the output and income of people and businesses that are located within the country's borders.
What distinguishes the United States' gross domestic product (GDP) from its gross national product (GNP)?GDP counts the commodities and services that are generated inside a nation's borders by both domestic and international workers. The GNP only includes products made in the United States, both domestically and abroad.
Why is the gross domestic product different from the gross national product?Identify the differences between the GDP and the gross domestic product (GDP) (GNP). The value of all finished goods and services produced inside a nation's borders is estimated using the GDP statistic. The gross national product (GNP) is the total value of goods and services that a nation produces over time, both inside and outside of its boundaries (GNP).
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true/false. frequently, given the choice between investing in a nation with a lower gni/capita but a high growth rate, and a nation in which the conditions are reversed, management will choose the former.
True, Frequently, given the choice between investing in a nation with a lower Gross National Income (GNI) per capita but a high growth rate, and a nation in which the conditions are reversed, management will choose the former.
This is because a nation with a lower GNI per capita and a high growth rate are considered to have more potential for economic growth and profitability in the long term.
The high growth rate indicates that the economy of the country is expanding rapidly, which can lead to increased investment opportunities, increased demand for goods and services, and a growing market for businesses.
On the other hand, a nation with a higher GNI per capita but a low growth rate is considered to be more mature and developed, with fewer opportunities for economic growth and profitability.
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is your instructor a manager ?discuss in terms of the four functions of management.
Since he is in charge of providing the employees' training, the course instructor is a manager.
Briefing:-The objectives are carried out and the resources are managed by the course instructor. When it comes to planning, the course teacher establishes a goal and makes a strategy to reach it. He also assigns the program, the cost, and the time.
What do managers do in terms of roles, responsibilities, and abilities?The five fundamental management tasks of staffing, leading, managing, organizing, and planning are the skills that good managers learn to master. Planning entails outlining precisely how to carry out a specific objective. Say, for instance, that the corporation wants to increase sales.
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which statements are true regarding mutual fund offerings? i selling group members are allowed to discount mutual fund shares on their own ii selling group members cannot discount mutual fund shares on their own iii selling group members are allowed to sell mutual fund shares for more than the public offering price iv selling group members cannot sell mutual fund shares for more than the public offering price
The statements which are true regarding the mutual fund offerings are, selling group members cannot sell the mutual fund shares for more than the Public Offering Price, and also the selling group members who cannot discount mutual fund shares on their own.
Mutual fund shares are said to be regulated by the Financial Industry Regulatory Authority (FINRA) to ensure that the Public Offering Prices of mutual funds are fair and consistent across all selling group members. Thus, this prevents any single selling group from undercutting.
However, this helps in order prevent any single selling group from undercutting others by offering prices that are lower than the market rate. By requiring all selling group members to adhere to the same POPs.
Hence, options B and D are correct.
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suppose that georgiania was a thriving empire in its golden age. business was booming and it was the center of international trade under the leadership of emperor raphael iii. his empire's pride and joy was the trading of green and black tea, and he decreed that their entire economy should be built around it. however, in the mid 1800s, georgiania experienced a severe economic downturn when the other nations of the world created an embargo on tea from georgiania, which led to civil strife due to thousands of workers being laid off.
The emperor and his advisors attempted to fix the situation by diversifying their economy. They opened up their ports to international trade, began to invest in new and innovative industries, and encouraged entrepreneurship.
What is economy?
Economy is the study of how individuals, businesses, governments and other organizations allocate resources to meet their needs. It examines how these entities produce, exchange, distribute and consume goods and services, and how these activities are affected by economic and political factors. It also investigates the impact of economic activities on people's livelihoods, including income, employment, wealth, poverty and inequality. It takes into account the factors that influence economic growth, such as technological change, capital accumulation, labor supply, and quality of resources.
They also developed infrastructure such as roads, bridges and railways to improve transportation and communication. These efforts began to bear fruit and the economy slowly began to recover. By the beginning of the 20th century, Georgiania was once again a prosperous nation.
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the teacher/coach must maintain accurate and complete financial records and operate within established school district guidelines in terms of fund raising.TrueFalse
It is unquestionably true that the teacher or coach must keep thorough and accurate financial records, as well as follow any established fundraising regulations set forth by the school system.
You receive reports from the school detailing how your child is progressing academically and what the institution is doing to support him. You might be aware that you should retain a file of those records. However, did you realise that other documents, both formal and informal, are crucial to save for future use?
You may be able to spot trends and patterns over time if you keep track of all of your child's academic data. When discussing the tools your child needs to succeed in school, the records you keep can offer specifics and verification. What kinds of records should you preserve, and why?
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thus far, we have assumed that each value has equal weight, or importance, but that is not always the case. suppose a stock is expected to have a return of either 2%, 8%, or 35%. the simple, arithmetic average is
Since each number has thus far been given equal weight or importance, the return can be either 2%, 8%, or 35% when all values are averaged.
What does the phrase "avg. over" mean?
To produce a result that is balanced and even when taken into account throughout time; average out; averages out. The oddities leveled off as the investigation went on. By dividing the total number of values by the entire sum of all the numbers, the average can be computed. A mean is the mathematical average of a set of two or more data items. Common names for average include mean and arithmetic mean. The term "mean" simply represents the average of the sample.
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Econ Labs creates a new smartphone feature available only on Econ Lab phones. Focus groups and surveys show many may switch from their current phone to the Econ Lab new smartphone. Also, Econ Labs created a new manufacturing process that increases the number of phones which it can produce per hour by 20%.
Instructions:
Graph the change in the supply and demand curves. Show changes in price and quantity demand (increase, decrease, or indeterminate). Assume similar elasticities-slope steepness of supply and demand curves.
The graphical representation to display the cost of the new smartphones in the changing demand and supply curve would be a two upward and two downward curves intersecting each other.
The demand and supply are dependent on each other and it guides the price fluctuations of the commodity in the market. If the demand for a certain product increases, then its prices are bound to fall. The curve therefore has a intersection point which represented the equilibrium cost of the item. The parameters which influence the change demand are the prices of the product, income, preference and expectation of the customer. The X axis in the given graph shows the quantity and the Y axis represents the prices of them item.
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if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, then the forecast is given in
if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, then the forecast is given in terms of an expected appreciation of the dollar relative to the peso.
An appreciation of a currency means that the value of the currency has increased in relation to another currency. In this case, if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, that means the value of the dollar is expected to increase relative to the peso. In other words, the forecast is saying that the dollar will be stronger compared to the peso in the future. This means that the dollar will be able to purchase more pesos than it currently can.
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Robert is a learning consultant and his role is to gather requirements from the clients, suggest a solution based on the requirements, and develop and deploy the suggested solution. He has been asked to conduct a knowledge-sharing session for fellow consultants on interviewing clients for relevant information.
Select one:
A.
He should practice some probable questions for the Q&A session.
B.
He should time the presentation.
C.
He should practice presenting the slides.
D.
He should ensure that the slides are not disjointed.
One thing that Robert needs to do is to C. He should practice presenting the slides.
Why should slides be practiced before presentations ?Many people who are practicing for a presentation might not know where to start. Get acquainted with the presentation to begin with. Flip through the slides, quickly review the speech outline, and examine any visuals you intend to utilize. You will start to feel more secure and prepared in your presentation if you know what slide or primary point is coming up next.
To deliver a presentation effectively, practice is necessary. By practicing, you may boost your self-assurance, make sure you are comfortable with the content, and improve your presentational abilities. It's crucial to practice both giving your speech and utilizing your visual aids.
Robert should therefore practice the presentation with the slides.
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On January 1, Year 1, Babson, Inc. leased two automobiles forexecutive use. The lease requires Babson to make five annualpayments of $13,000 beginning January 1, Year 1. At the end of thelease term, December 31, Year 5, Babson guarantees the residual valueof the automobiles will total $10,000. The lease qualifies as a capital(finance) lease. The interest rate implicit in the lease is 9%. Presentvalue factors for the 9% rate implicit in the lease are as follows:
For an annuity due with 5 payments 4.240
For an ordinary annuity with 5 payments 3.890
Present value of $1 for 5 periods .650
Babson's recorded capital (finance) lease liability immediately after thefirst required payment should be:
a. $48,620
b. $44,070
c. $35,620
d. $31,070
Amount($) as per ordinary annuity = $44,070
Amount ($) as per annuity due = $48,620
An annuity is an agreement made between you and an insurance company in which the insurer guarantees to pay you either now or later. An annuity can be acquired with a single payment or over time. In the financial sector, an annuity is a series of payments made at regular intervals. Annuities include regular savings account deposits, monthly mortgage payments, monthly insurance payments, and pension payments. Annuities are distinguished by the frequency of payment dates.
They are long-term insurance contracts in which your money is invested. In exchange for your investment, you receive income in the form of monthly payments or a guaranteed permanent income benefit for an extra fee.
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figure shows cost and demand curves for a monopolistically competitive producer of iced tea. based on the diagram, one can conclude that a. some existing firms will exit the market. b. new firms will enter the market. c. the industry is in long-run equilibrium. d. firms achieve productive efficiency.
The answer is C - New firms will enter the market. because in the above shown .
What is productive efficiency?
When a market is optimized to produce maximum output from a fixed amount of resources, economists describe it as having productive efficiency.In a manufacturing company that produces workout clothing, unit costs will be calculated based on labor, materials, and machine hours required to produce each unit for each unique product.The output of productive efficiency occurs when a business in a given market or industry reaches the lowest point of its average cost curve implying an efficient use of scarce resources and a high level of factor productivity.Productive inefficiency occurs when a firm is not producing at its lowest unit cost. Unit cost is the average cost of production, which is found by dividing total costs of production by the number of units produced.
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ferris company began january with 8,000 units of its principal product. the cost of each unit is $7. merchandise transactions for the month of january are as follows: purchases date of purchase units unit cost* total cost jan. 10 6,000 $ 8 $ 48,000 jan. 18 8,000 9 72,000 totals 14,000 120,000 * includes purchase price and cost of freight. sales date of sale units jan. 5 4,000 jan. 12 2,000 jan. 20 5,000 total 11,000 11,000 units were on hand at the end of the month. problem 8-5 (algo) part 5 5. calculate january's ending inventory and cost of goods sold for the month using average cost, perpetual system. (round average cost per unit to 4 decimal places. enter sales with a negative sign.)
Ending inventory: 8,000 units x $7.75 per unit = $62,000
Cost of goods sold: 6,000 units x $7.75 per unit = $45,000
Sales: -11,000 units x $7.75 per unit = -$84,750
Step 1: Determine the total cost of products for sale in January:
Total cost of items for sale = 8,000 units times $7 unit cost + 14,000 units times $120,000 total cost = $1,020,000
Step 2: Determine the average cost per unit of products for sale in January:
The average cost per unit is $1,020,000 divided by 22,000 units, which is $46.36.
Step 3: Determine the price of products sold in January:
11,000 units x $46.36 average cost per unit = $511,960 cost of goods sold
Step 4: Determine the January ending inventory:
Ending inventory = 22,000 units minus 11,000 units equals 11,000 units.
Step 5: Determine the price of products sold in January:
11,000 units x $46.36 average cost per unit = $511,960 cost of goods sold
Step 6: Determine the cost of the Inventory will commence in January:
Starting inventory = 8,000 units x $7 per unit = $56,000
Step 7: Determine the cost
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Carolyn imagines that if she leaves her employees unsupervised for even a few minutes, they will do nothing but slack off. She is known for the harsh criticism and punishment she disburses whenever an employee makes an error. Carolyn is a __________ manager.
Carolyn imagines that if she leaves her employees unsupervised for even a few minutes, they will do nothing but slack off. She is known for the harsh criticism and punishment she disburses whenever an employee makes an error. Carolyn is a Theory X manager.
Theory X managers frequently have a gloomy outlook on their workforce, assuming that they are naturally disengaged and disliking of their jobs.
People are frequently motivated using a "carrot and stick" strategy, which can lead to repetitious work in firms run in this way. To manage and "keep eyes" on employees, performance evaluations and compensation are frequently based on observable outcomes, like as sales numbers or product output.
According to this managerial approach, employees:
Dislike their jobs.Avoid taking on responsibility and require regular guidance.To perform, one must be threatened, coerced, and controlled.Every step needs to be closely watched.lack drive and motivation, thus they require prizes to motivate them to work toward their goals.To know more about Theory X:
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when paying by ebt, all items priced by weight are charged a 10% weight debit surcharge. if the final price is less than what you paid at checkout, we will refund the difference
When paying with SNAP and/or EBT Cash, a 10% weight debit surcharge is charged to items that are priced by weight.
What is surcharge?A surcharge is any additional fee, tax, or charge that is tacked onto the cost of a good or service above and above initial price that was provided. A surcharge, which is commonly added to an already-applied tax, is not included in the quoted price of the good or service. A surcharge may have a wide price range and be either a fixed amount or a percentage of A governing body may impose this tax to generate more revenue or pay for the cost of increasing commodity prices. They might also be based on a percentage of the total cost, which is typically a negligible portion of the expense. It is not taxed because the surcharge is only applied to the retail price.
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assume that three identical units are purchased separately on the following three dates and at the respective costs: june 1 at $10 june 2 at $15 july 4 at $20 the company sells two units during the period. conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the lifo perpetual cost flow assumption. multiple choice question. the june 1 at $10 and the june 2 at $15 are both sold; the july 4 unit remains in ending inventory. the june 2 at $15 and the july 4 at $20 are both sold; the june 1 at $10 remains in ending inventory. the june 1 at $10 is sold; the june 2 at $15 and the july 4 at $20 remains in ending inventory.
The June 2 at $15 and the July 4 at $20 are both sold; the June at $10 remains in ending inventory.
What is the final inventory you have?
When an accounting period, such as your fiscal year, comes to a conclusion, your ending inventory is the entire amount of products you still have available for purchase.
It is a technique for inventory accounting that enables shops to accurately assess stock levels, benchmark net income, and secure financing.
What are starting and finishing inventories?
Beginning inventory, also known as opening inventory, is the value of your inventory at the beginning of an accounting period (typically a year or a quarter).
As a result, ending inventory, also known as closing inventory, is the amount of inventory on hand at the end of a certain accounting period.
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Registration of an investment adviser automatically confers registration on
I. officers, partners, and directors of the firm who are functioning as IARs
II. any employee who is functioning as an IAR
III. clerical employees handling back-office operations
IV. an employee who will be soliciting clients for the adviser
A)
I, II, and III
B)
I and III
C)
I only
D)
I, II, III, and IV
D) I, II, III, and IV are correct . I. officers, partners, and directors of the firm who are functioning as IARs
II. any employee who is functioning as an IAR
III. clerical employees handling back-office operations
IV. an employee who will be soliciting clients for the adviser
Registration of an investment adviser automatically confers registration on officers, partners, and directors of the firm who are functioning as IARs (Investment Adviser Representative), any employee who is functioning as an IAR, clerical employees handling back-office operations and an employee who will be soliciting clients for the adviser. This is because, investment advisor regulations and laws requires that any person who gives investment advice on behalf of the firm, whether they are officers, partners, directors, or employees, must be registered as an IAR.
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XYZ Company made a mistake in counting its ending inventory. Determine which of the items below will be affected by this error. (Check all that apply.)
Multiple select question.
a. Revenues
b. Long-term assets
c. Net income
d. Current assets
e. Cost of goods sold
The items that will be affected by the mistake in counting the ending inventory are d. Current assets, e. Cost of goods sold and c. Net income.
d. Current assets: Ending inventory is a component of current assets on the balance sheet. If the ending inventory is overstated or understated, it will affect the total current assets amount.
e. Cost of goods sold: The cost of goods sold is calculated by subtracting the ending inventory from the beginning inventory, plus the cost of purchases. If the ending inventory is overstated, the cost of goods sold will be understated, and vice versa.
c. Net income: Net income is calculated by subtracting all expenses, including the cost of goods sold, from revenues. If the cost of goods sold is understated, net income will be overstated, and vice versa.
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QUESTION WITH SAMPLE ANSWER: Copyright Infringement.
In which of the following situations would a court likely hold Ursula liable for copyright infringement?
(a) Ursula goes to the library and photocopies ten pages from a scholarly journal relating to a topic on which she is writing a term paper.
(b) Ursula makes blouses, dresses, and other clothes and sells them in her small shop. She advertises some of the outfits as Guest items, hoping that customers might mistakenly assume that they were made by Guess, the well-known clothing manufacturer.
(c) Ursula teaches Latin American history at a small university. She has a digital video recorder and frequently records television programs relating to Latin America and puts them on DVDs. She then takes the DVDs to her classroom so that her students can watch them.
Which of the following scenarios would most likely result in a judge finding Ursula responsible for copyright infringement Ursula visits the library and makes ten photocopies.
Is most likely correct?
Most likely denotes that this option is the most likely out of all the alternatives. For instance, it is more likely that he is the guilty party than not, and vice versa. Most of something being something that is likely and some of it being something that is unlikely. Likely is frequently referred to as an adjective that appears to be an adverb but is also one.
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Which of the following scenarios would most likely result in a judge finding Ursula responsible for copyright infringement Ursula visits the library and makes ten photocopies.
Is most likely correct?Most likely denotes that this option is the most likely out of all the alternatives. For instance, it is more likely that he is the guilty party than not, and vice versa. Most of something being something that is likely and some of it being something that is unlikely. Likely is frequently referred to as an adjective that appears to be an adverb but is also one.
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