Pure risk is a risk in which there is only a possibility of loss or no loss—there is no possibility of gain. Pure risk can be categorized as personal, property, or legal risk.
Example:
→ A car accident.
If a person damages a car in a accident, there would obviously be no gain from it. The only outcome possible of this event would result in a loss, making this example a pure risk.
A customer purchases materials for $1200 with payment due in 30 days.
After 20 days $200 worth of the material is returned because it is damaged what amount is entered in the debit column of the customer's ledger file?
A. $1,400
B. $1,000
C. $200
D. $1,200
Based on the explanation below, the amount that will be entered in the debit column of the customer's ledger file is D. $1,200.
Effect of credit sales and sales returns on customer's ledger fileIt should be noted the purchase by the customer is a credit sale to the seller.
In the book of the seller, the $1,200 is entered in the debit column of the customer's ledger file immediately after the customer purchases materials of $1200.
However, since the effect of sales return is to reduce the total amount of sales made to a customer, $200 will be entered in the credit column of the customer's ledger file after the return.
Therefore, $1,200 is entered in the debit column of the customer's ledger file.
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An organization's mission statement serves as the basis for: Multiple Choice organizational goals. distinctiveness. operating procedures. environmental scanning. core competencies.
An organization's mission statement serves as the basis for Organisational goals. Thus, the correct answer is A
What is the Mission statement?A mission statement identifies a type of business an organization is doing, as well as the reason for its existence or the purpose for which it exists. Every business should have a clear statement of purpose that enthuses employees and encourages them to join the team.
The mission statement plays an important role in the success of the organization. It helps to motivate employees positively to seek improvement and result in growth.
A mission statement encourages customers that the organization is working continuously to provide better customer satisfaction. It helps to plan the strategies for the business to achieve the goals of the organization.
Therefore, option A organizational goal is the appropriate answer.
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You represent a buyer in a transaction that includes a 2% cooperating agent commission to be paid by the seller who is your client
Based on the fact that there is a 2% commission that is given as an agent, the client is the buyer.
What is a Commission?This refers to the percentage amount that is paid to an agent for the sale of a property.
Hence, we can see that based on the transaction made between the seller and the client, there is an agreed 2% commission fee paid and this shows that the client is the buyer.
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The two purposes that are reflected by the burden-on-commerce doctrine and nondiscrimination principle implied by the Commerce Clause are: ___________ and ___________. (Choose two correct answers.)
The two purposes that are reflected by the burden-on-commerce doctrine and the non-discrimination principle implied by the commerce class are blocking state protectionism and ensuring free interstate.
What is Commerce?Commerce refers to the activity of buying and selling on a large scale and involving transportation from one place to another.
Blocking state protectionism and ensuring free interstate are the two purposes that are reflected by the burden-on-commerce doctrine and nondiscrimination principle implied by the commerce clause.
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________ is based on the belief that facing the hard facts about what works and what doesn’t will help organizations perform better.
Cynthia is interested in investing in clothing unlimited inc. which attribute from the stock quote can cynthia use to determine how the stock has performed over the past year? a. current price b. net change c. open price d. positive or negative result for the one-year change e. previous close price
The data on the positive or negative result for the one-year change is the most important data from the stock quote that Cynthia can use to determine how the stock has performed over the past year.
What is a stock quote?This refers to the price of a stock as it is being quoted in decimals on an stock exchange.
The data on the positive or negative result for the one-year change is the most important data from the stock quote to use.
Therefore, the Option D is correct.
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Keith was put on probation for a string of customer complaints about his poor service and professionalism. his supervisor was using ________ power.
Answer: Coercive power
THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
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Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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Which of the following is a benefit of using storyboards? (select all that apply)
a. they do not use images
b. they help team members remember the sequence of a project's phases
c. they help with the planning stage
d. they usually do not take very much time to make
e. they help with the final draft stage
f. they can be a good way to communicate a project's stages
answer: B, C, F
The storyboards help maintain the sequence of any stage of a project and develop a communication among the team members to implement the plan in a better way.
What are the uses of storyboards?Storyboards are influential and immensely beneficial to an organization in the different stages of a project. Beginning from the planning stage, and establishes a coordination and communication among the team members.
Hence, options B, C and F hold true regarding the storyboards' benefits.
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Which of these can prevent an accident in the workplace?
A. Not wearing appropriate gear
B. Ignoring safety procedures
O C. Being fatigued
D. Following safety procedures
Answer:
answer;D
Explanation:
The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11,200 gallons of direct materials that actually cost $42,400 were used to produce 6,000 units of product. The direct materials quantity variance for last month was:.
The direct materials quantity variance for last month was: $3200 favorable.
Direct materials quantity varianceUsing this formula
Direct materials quantity variance=(Standard units - Actual Units) × Standard price per unit
Let plug in the formula
Direct materials quantity variance=[(6000 × 2) × 11200]× $4
Direct materials quantity variance= $3200 favorable
Therefore the direct materials quantity variance for last month was: $3200 favorable.
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Firm Q operates a cash basis consulting business. In October, Firm Q billed a client for $23,400 of consulting services. In November, the client settled the bill by paying $10,000 cash and transferring marketable securities worth $13,400 to Firm Q. Required: How much taxable income does Firm Q recognize on settlement of the bill
Firm Q is a cash basis consulting firm and received only $10,000 cash, but it will recognize the entire $23,400 as the total value of the cash and non-cash payment. The amount billed for the services provided will be taken as taxable income irrespective of how much it is received in cash.
What are cash-basis taxpayer rules?A taxpayer deducts prices withinside the year they're paid off, which isn't always the year they have been incurred is referred to as cash basis.
The amount billed for the services provided will be taken as taxable income irrespective of how much it is received in cash.
Therefore, the transaction has been completely settled. Firm Q will recognize the entire $23,400 as the total value of the cash and non-cash payment for taxation purposes.
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A debt instrument with no ready market is exchanged for property whose fair market value is currently indeterminable. When such a transaction takes place:______.
a. the present value of the debt instrument must be approximated using an imputed interest rate.
b. it should not be recorded on the books of either party until the fair market value of the property becomes evident.
c. the board of directors of the entity receiving the property should estimate a value for the property that will serve as a basis for the transaction.
d. the directors of both entities involved in the transaction should negotiate a value to be assigned to the property.
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
Individuals from the marketing, production, and manufacturing departments at UniTel have been assigned to a team in order to accomplish a specific objective. This is an example of a __________ team.
Individuals from the marketing, production, and manufacturing departments at UniTel have been assigned to a team in order to accomplish a specific objective. This is an example of a project team.
Who are project team?This are group of individuals in charge of a particular project in an organization.
They work together as a team to achieve a particular goal.
Therefore, Individuals from the marketing, production, and manufacturing departments at UniTel have been assigned to a team in order to accomplish a specific objective. This is an example of a project team.
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Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all ___
Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
What is Reverse budgeting?Reverse budgeting is a type of budget system where the business owner sees himself as a staff and pays himself first.
The money left is can then be divides to manage other business operations and saving.
Therefore, Paying yourself first, sticking to a budget, placing yourself, living within your means, and knowing where your cash goes are all Reverse budgeting.
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Discuss the best way to receive constructive criticism from a superior.
Answer:
Stop Your First Reaction. ... Remember the Benefit of Getting Feedback. ... Listen for Understanding. ... Say Thank You. ...
Explanation:
The target firm determines its liquidation value and the present value of its relevant stand alone cash flows and selects the higher value. This is the target's Select one: a. maximum acceptable price b. minimum acceptable price c. neither A nor B
Minimum acceptable is the target's. As the target firm determines its liquidation value and the present value of its relevant stand alone cash flows.
What is liquidation value?Liquidation value is the value which a firm get after the deduction of the assets and liability in the financial report. If the business will sold, the value which a firm gets after selling all of its assets is the liquidation value of the company.
Thus, option B is correct.
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Nia is editing a row in an Access table. The row contains the Pencil icon on the left end of the record. What does
this icon indicate?
O The record is committed.
O The record has not been witten.
The record has been written.
O Nia is editing the record currently.
Answer:
Nina is editing the record recently.
Explanation:
It should be this one.
Select all that apply.
Why do countries develop economic systems?
a)to provide economic assistance to all citizens
b)to decide how to handle the issue of scarcity
c)to protect industry from trade
d)to help make decisions concerning what, how, and for whom things are produced
e)to prevent monopolies from taking over the market
b ) to decide how to handle the issue of scarcity.
d) help make decisions concerning what, how, and for whom things are produced.
e)to prevent monopolies from taking over the market.
Explanation:
Any Country develop its economic system to handle the issue of scarcity i.e lack of resources. To achieve this end to ensure economic strength handling issue of scarcity of citizens is important. Economy also concentrates goods and products how, what and who will produce things in the market.It also prevent other markets to taking over control of the country's economy.select the correct answer.
The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps
per hour or 1 sweater per hour
and a French worker can produce 40 caps per hour and: sweaters per hour. Based on this scenarlo, which statement is true?
O A. The United States has a comparative advantage producing caps.
O B. France has a comparative advantage producing caps.
O c. The United States has a comparative advantage producing sweaters.
O D. Nelther country has a comparative advantage producing elther good.
It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provided t f
It false that the causes of a problem can always possible to identify completely.
What is problem solving?This is when a means is device towards solving a difficult task. When a problem has been identified, the next step is to look for ways of solving such problems.
Hence, It false that the causes of a problem can always possible to identify completely.
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if a tax is levied on the sellers of a product, then the supply curve will
The supply curve will shift upward if a tax is levied on the sellers of a product.
What is a supply curve?A supply curve shows the graphical representation of the price of the product and the quantity of the product for the given time period.
When a supply curve shift upwards, it shows a decrease in the supply of the goods and increase in the price of goods. This shows how the curve will shift with a change in the prices of goods.
A supply will get a shift in the direction due to factors like the cost of input, changes in technology, events caused by natural shifts and so on.
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direct labor and indirect labor are recorded, respectively, to:
a. factory overhead and work in process inventory.
b. work in process inventory and finished goods inventory.
c. finished goods inventory and work in process inventory.
d. work in process inventory and factory overhead.
e. cost of goods sold and finished goods inventory.
Answer:
Explanation:
irect labor and indirect labor are recorded, respectively, to:
a. factory overhead and work in process inventory.
b. work in process inventory and finished goods inventory.
c. finished goods inventory and work in process inventory.
d. work in process inventory and factory overhead.
e. cost of goods sold and finished goods inventory.
Carter tried to fix the economy through __________________ and __________________ . He created the __________________ and asked Americans to reduce their consumption because of their dependence on __________________ .
Carter tried to fix the economy through increased government spending and decreased taxes. He created the raised interest rates and asked Americans to reduce their consumption because of their dependence on the Department of energy and imported oil.
Who was Carter?
Jimmy Carter was an American president who worked as 39 president of America from the year 1977 to 1981. He mainly worked for the end of injustice and the development of the future.
He tries to improve the economy while increasing government spending to provide opportunities for employment and raising interest rates to earn high taxes for growth and developing infrastructure and reducing consumption.
Carter aided in the negotiation of the Camp David Accords, a historic peace agreement between Israel and Egypt in 1978.
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Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are ______ managers. Multiple choice question. line production staff
Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are line managers.
Why are the line managers important in an organization?A line manager is very essential in an organization because they are responsible for overseeing employees so as to fulfill business goals.
These managers are the main point of contact, responsible for achieving the organization's production goals stands between management and the outside the organization.
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Your classmate Reggie says, “I don’t believe in this ‘communication style’ stuff. Why would you say things in different ways to different people? That’s dishonest.” Explain to Reggie why being able to alter communication style is important in the business world.
Reggie needs to understand the importance of communication style in our lives. Everyone has a unique style of communication, the way they communicate and share information with others.
What is the importance of different ways of communicating?Communication style can have a big impact good or bad on your ability to lead teams and organizations. Improving the ability to adapt your style to meet your team's needs will help create a positive outcome for the company.
There are four basic types of communication: inactivity, aggression, inaction and aggression. It is important to understand each communication style, and why people use it.
Thus, this is the importance of Communication style.
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When diagnosing a clutch problem, Technician A says the first steps are gathering as much information as possible from the customer. Technician B says the first step is performing a visual inspection. Who is correct
The Technician A is correct because the gathered information from the driver will give them an insight of the clutch problem.
What is a vehicle clutch problem?This mechanical problem involves difficulties in changing the vehicle's transmission.
Hence, the Technician A is correct because the gathered information from the driver will give them an insight of the clutch problem.
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An individual with ______ has a high degree of skill or knowledge in a subject.
Answer:
An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.
Explanation:
Answer:
The Blank is expert
Explanation:
