Answer:
Jessica should utilize the advice offered by Alison to edit her presentation slides, removing unnecessary details.
Explanation:
Editing the presentation will enable Jessica to get rid of unnecessary and unwanted stuff. It will also ensure that the presentation is error-free and achieves grammatical accuracy. Presentation slides should not be detailed since the required details are usually given during the proper presentation.
Why has there been (and is still) such strong opposition to the trade union movement by American business management
Answer:
the reasons have been explained below.
Explanation:
The reasons that business managements are in opposition to trade unions are:
1. Trade unions cause difficulty in getting employees to do their jobs.
2. Trade unions bring about an increase in the cost of production for managers as trade unions constantly seek for employee benefits and pensions.
3. Trade unions are sometimes against how the normal functioning of the business. This is because when things do not go their way, unions use various measures against management. E.g the use of strikes.
4. Trade unions offer no flexibility to management. Management would find it difficult to make changes fast when shifts happen in the economy, government or the business.
Goodman, a member, is retired after working as the CFO of Furey, Inc. for twenty years. During his time at Furey, Inc. he also did some tax preparation work on the side. In addition, Goodman taught accounting classes at the local university but will no longer do that in retirement. Which of the following actions would be considered an Act Discreditable according to the Code?
a) Making a decision not to maintain his continuing education nor his CPA license beyond the end of the current license period and therefore ending his membership in the AICPA
b) Deciding to put his personal tax return on extension
c) Deciding to teach for a CPA review course
d) None of the above
Answer:
Goodman, a member, is retired after working as the CFO of Furey, Inc. for twenty years
The action that would be considered an Act Discreditable according to the Code is:
d) None of the above
Explanation:
Under the Acts Discreditable Rule 2.400.001, a member or retired member would be considered to be in violation of the code if he or she commits any of the following offenses: Discrimination and Harassment in employment matters, Solicitation or disclosure of CPA examination questions and answers without permission, Negligence in the preparation of financial statements or records, or Failure to file a tax return or pay a tax liability. This implies that Goodman can make any of the option decisions without violating the code.
Goodman, a member, is retired after working as the CFO of Furey, Inc. for twenty years :
The action that would be considered an Act Discreditable according to the Code is:
d) None of the above
Code violations under Acts Discreditable Rule 2.400.001 if a member or retired member commits any of employment discrimination or harassment, unauthorized solicitation or disclosure of CPA exam questions and answers, or negligence in annual preparation is considered. Filing financial statements or records, or filing tax returns or defaulting on tax obligations. This means that Goodman can make option decisions without breaking the code.Thus, the correct answer is d.
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Match the different activities to the responsibilities of relevant banks
Answer:
Federal bank:
•provides financial services to the government
•regulates safe and lawful operations
Conducts nation’s monetary policies
Other commercial banks:
•accepts deposits from people
•lends money through to consumers and businesses
Explanation:
I just took the test and got this one right
(Plato/edmentum)
The different activities are matched as per responsibilities :
Federal bank
Gives all financial services to the governmentregulates safe and the lawful operationsMaintains nation’s monetary policiesOther banks :
Accepts the deposits from the people.They lend the money to consumers and businessesWaht is a federla bank ?A federal bank is one that acts as the central bank and is commonly found in the US.
These banks are responsible for conducting activities like giving all financial services to the govt and maintaining the nation's monetary policy. While the other banks are responsible for accepting the deposit from people and lending the money to consumers and businesses.
Find out more information about the banks
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A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for building, equipment, and administration would be $49,000 for Memphis, $59,000 for Biloxi, and $94,000 for Birmingham. Labor and materials are expected to be $9 per unit in Memphis, $3 per unit in Biloxi, and $3 per unit in Birmingham. The Memphis location would increase system transportation costs by $48,000 per year, the Biloxi location by $58,500 per year, and the Birmingham location by $24,400 per year. Expected annual volume is 13,400 units.
Answer:
The cheapest alternative is Biloxi
Explanation:
Memphis:
Annual fixed costs $49,000
Annual production costs $9 x 13,400 = $120,600
Annual transportation costs $48,000
total additional costs = $217,600
Biloxi:
Annual fixed costs $59,000
Annual production costs $3 x 13,400 = $40,200
Annual transportation costs $58,500
total additional costs = $157,700
Birmingham:
Annual fixed costs $94,000
Annual production costs $3 x 13,400 = $40,200
Annual transportation costs $24,400
total additional costs = $158,600
Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20% market share each. The Herfindahl index of this industry is . Mane Attraction, one of the firms with a 20% market share in the wig manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to . Why is the largest possible value of the Herfindahl index is 10,000
Answer:
4400
Increase
c. An index of 10,000 corresponds to a monopoly firm with 100% market share
Explanation:
Here are the options to the last question
Why is the largest possible value of the Herfindahl index 10,000 ?
a. An index of 10,000 corresponds to 100 firms with a 1% market share each
b. An industry with an index higher than 10,000 is automatically regulated by the Justice Department
c. An index of 10,000 corresponds to a monopoly firm with 100% market share
HHI index = 60² + 20² + 20² = 4400
If one of the firms leaves the industry, the market share would be distributed between the two firms and this would cause the HHI index to increase as firm's concentration would increase
If only one firm operates in the industry, its market share would be 100% and its HHI index would be 100² = 10,000. For an industry to exist there has to be at least one firm operating in the industry,
Is true or false Each person must determine the priority of his/her loyalties and weigh the consequences of withholding confidential information, when asked to withhold information that is harmful to others or illegal.
Answer:
sojajshsjsushshhjuehsysususuhwअंफंफःछठःफृठःछःछःचंटंपफंअंफफंफंअंफखःबेऋठधछदगं
false because the f of the true shs is true
Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $211,000, $270,600, and $315,300, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.
Answer:
Results are below.
Explanation:
Giving the following information:
Credit sales:
January= $211,000
February= $270,600
March= $315,300
It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.
Cash collection January:
Sales on credit from January= (211,000*0.75)= 158,250
Total cash collection= $158,250
Cash collection February:
Sales on credit from February= (270,600*0.75)= 202,950
Sales on credit from January= (211,000*0.25)= 52,750
Total cash collection= $255,700
Cash collection March:
Sales on credit from March= (315,300*0.75)= 236,475
Sales on credit from February= (270,600*0.25)= 67,650
Total cash collection= $304,125
When a cereal company introduces a stylish new granola, placing it at eye level on grocery shelves and pricing it higher than the competition, the company is practicing:
Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sold 4,000 units of its output at $300 per unit, its accounting profits were: Group of answer choices zero and its economic loss was $200,000. $100,000 and its economic profits were $100,000. $100,000 and its economic profits were zero. $200,000 and its economic profits were zero.
Answer: $200,000 and its economic profits were zero.
Explanation:
First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.
Therefore, the accounting profit will be:
= Revenue - Explicit Cost
= (4000 × 300) - Explicit cost
= 1,200,000 - 1,000,000
= 200,000
Then, Economic Profit will be:
= Accounting profit - Implicit cost
= 200,000 - 200,000
=0
Therefore, its its accounting profits were $200,000 and its economic profits were zero.
Depending on a firm's approach to the competitive market place, firms within any given industry can be categorized based on strategic type. A firm's strategic type can provide insight into how the firm will seek to shape and/or respond to changes within its environment. This activity is important because marketing managers need to be mindful of the organizational strategies in play when developing marketing strategies for their firms. The goal of this exercise is to demonstrate an understanding of Miles and Snow's four strategic types that classify the organizational strategies of firms. Miles and Snow propose several categories of firm within any given industry based on strategic type. Firms of a particular strategic type have a common strategic orientation and a similar combination of structure, culture, and processes that follow their organizational strategy. The four strategic types are prospectors, analyzers, defenders, and reactors.
Mathc the related item to its appropriate position depending on which strategic type it represents.
a. Proctor & Gamble
b. Tesla
c. Kmart
d. Mrs. Fields
Prospector Analyzer Defender Reactor
Answer:
a. Proctor & Gamble - Analyzer
Reason: P&G is a huge company with a strong market share. Also, innovation is key at P&G. Hence, their focus is to protect existing market share and look for new opportunities through innovation.
b. Tesla - Prospector
Reason: Tesla is still growing and is innovative and has a decentralized control.
c. Kmart - Defender
Reason: Kmart has a certain market share which it is trying to protect by implementing strategies which also involves closing stores, moving to new businesses.
d. Mrs. Fields - Reactor
Reason: Mrs. Fields is a slow organization that often will change after looking at other changes.
Using this probability and the $50,000 death benefit, what is the expected cost to Big Rock Insurance (in dollars)
The question is incomplete. The complete question is :
Jim is a 60 year old male in reasonably good health. He wants to take out a $50,000 term (i.e. straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given years is provided by the Vital Statistics Section of the Statistical Abstract of the United States.
x = age 60 61 62 63 64
P(age death) 0.01191 0.01292 0.01396 0.01503 0.01613
Jim is applying to Big Insurance Company for her term insurance policy. What is the probability that Jim will die in his 60th year? Using this probability and the $, death benefit, what is the expected cost to Big Rock Insurance.
Solution :
It is given that Jim, a 60 year old man wishes to take out the $50,000 life insurance policy until he turns 65 years of age when the policy will expire. So Jim apply to the insurance company, Big Rock Insurance for her insurance policy.
Now the death probability at a particular age is provided in the table above. According to the data provided in the table, the probability shows that Jim will die in the 60th year is 0.01191.
The expected cost to the Big Rock Insurance using this probability and $50,000 term insurance is given by :
Expected Cost [tex]$= 0.01191 \times 50000$[/tex]
= 595.50
∴ Expected cost = $ 595.50
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 6.80 pounds $ 3.00 per pound $ 20.40 Direct labor 0.50 hours $ 11.00 per hour $ 5.50 During the most recent month, the following activity was recorded: 22,900.00 pounds of material were purchased at a cost of $2.70 per pound. All of the material purchased was used to produce 3,000 units of Zoom. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month.
Answer:
Results are below.
Explanation:
Giving the following information:
Standard:
Direct materials 6.80 pounds $ 3.00 per pound $ 20.40
Direct labor 0.50 hours $ 11.00 per hour $ 5.50
Actual:
22,900 pounds of material were purchased for $2.70 per pound. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200.
Production= 3,000 units
To calculate the direct material price and quantity variance, we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (3 - 2.7)*22,900
Direct material price variance= $6,870 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (6.8*3,000 - 22,900)*3
Direct material quantity variance= $7,500 unfavorable
To calculate the direct labor rate and efficiency variance, we need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (0.5*3,000 - 1,400)*11
Direct labor time (efficiency) variance= $1,100 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 18,200/1,400= $13
Direct labor rate variance= (11 - 13)*1,400
Direct labor rate variance= $2,800 unfavorable
A rise in the price of Pepsi that causes a household to shift its purchasing pattern toward Coke and away from Pepsi is the ________ effect of a price change. A) income B) substitution C) complementary D) diminishing marginal utility
Answer:
B
Explanation:
Substitution effect is the change in demand as a result of the change in the price of a good relative to the price of another good.
As a result of the increase in price of Pepsi, the demand for coke increases. This is an example of substitution effect
Answer the following question based on your understanding of interest rate risk and reinvestment risk. True or False: Assuming all else is equal, the shorter a bond’s maturity, the more its price will change in response to a given change in interest rates. False True
Answer:
False
Explanation:
In the case when the maturity of the bond is shorter the risk of the rate of interest would be less and on the other hand when the maturity of the bond is longer so the risk of the rate of the interest would be high this creates a negative impact on the bond price
So as per the given situation the given statement is false
How can you view all downloaded banking transactions for which QuickBooks Online thinks it has found a potential match
Answer:
For review > Filter for Matched transactions
Explanation:
The whole question is a multiple choice answer.
How can you view all downloaded banking transactions for which QuickBooks Online thinks it has found a potential match?
For review > Filter the Bank Register
For review > Filter for Recognized transactions
For review > Filter for Rule applied
For review > Filter for Matched transactions
For review > Filter for Transferred transactions
Obviously, it's pretty simple we're looking for matched transactions.
The primary difference between normalized and actual costing methods lies in the determination of a job's:
Answer:
C. manufacturing overhead costs.
Explanation:
These are the options for the question
A. direct material costs.
B. direct labor costs.
C. manufacturing overhead costs.
D. selling costs.
E. administrative costs
Manufacturing cost can be regarded as the summation of the cost of consumed resources during the production of a product. It can be divided into
direct materials cost
✓ direct labor cost
✓ manufacturing overhead.
It should be noted that The primary difference between normalized and actual costing methods lies in the determination of a job is manufacturing overhead costs.
In this market research step, the best solution is recommended along with the reasons why it is the best option:
a) Choose the best solution
b) Analyze data
c) Obtain data
d) Identify the problem
Answer:
a
Explanation:
got it right
The following information is available for Dakota Company: Product 1 Product 2 Sales $1,400,000 $1,800,000 Direct materials (200,000) (400,000) Direct labor (600,000) (600,000) Manufacturing overhead* (500,000) (700,000) Gross margin $ 100,000 $ 100,000 *allocated based on direct labor hours Dakota Company has decided to allocate its manufacturing overhead cost using activity-based costing. It is determined that $200,000 of manufacturing overhead is for facility support costs and therefore will not be used in computing gross margin for the individual products. The remaining $1,000,000 in manufacturing overhead will be allocated based on batch-level and product line manufacturing as follows: Total Manufacturing Overhead Costs Product 1 Product 2 Batch-level manufacturing overhead $400,000 20 batches 60 batches Product line manufacturing overhead $600,000 10 lines 40 lines What is Dakota Company's gross margin for Product 1 using activity based costing
Answer:
$380,000
Explanation:
Particulars Product 1 (Amount)
Sales $1,400,000
(-) Direct materials ($200,000)
(-) Direct labor ($600,000)
(-) Manufacturing overhead
Batch level ($400,000*20/80) ($100,000)
Product line level ($600,000*10/50) ($120,000)
Gross margin $380,000
So, Dakota Company's gross margin for Product 1 using activity based costing is $380,000
Should VALORANT give out free skins?
Explanation:
Take a meme.
Civil rights laws protect against discrimination in all but what area?
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $80,000; May, $110,000; and June, $120,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for April, May, and June.
Answer and Explanation:
The preparation of the schedule for budgeted cash payment for the April, May and June is presented below:
Particulars April May June
Current month $56,000 $77,000 $84,000
($80,000 × 70%) ($110,000 × 70%) ($120,000 × 70%)
Prior month $24,000 $33,000 $36,000
($80,000 × 30%) ($110,000 × 30%) ($120,000 × 30%)
Total purchase $80,000 $110,000 $120,000
The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds.
Marigold Corp. redeemed $128,000 face value, 9% bonds on April 30, 2022, at 101. The carrying value of the bonds at the redemption date was $115,584. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded.
Answer:
Apr 30
Dr Bonds payable 128,000
Dr Loss on redemption of bonds payable 13,696
Cr Discount on bonds payable 12,416
Cr Cash 129,280
Explanation:
Preparation of the appropriate journal entry for the redemption of the bonds.
Based on the information given the the appropriate journal entry for the redemption of the bonds will be :
Apr 30
Dr Bonds payable 128,000
Dr Loss on redemption of bonds payable 13,696
[128,000-(129,280+12,416)]
Cr Discount on bonds payable 12,416
(128,000-$115,584)
Cr Cash 129,280
(128,000*1.01)
(Being to record the redemption of the bonds)
In a planned economy price of commodities are controlled by
Answer:
they are controlled by the government
Explanation:
Which of the following is a fixed asset for a business?
A. Bicycle for private use
B. Washing machine for restate
C. Motor car for family use
D. Motor lorry for delivery of goods
Answer:
D. Motor lorry for delivery of goods
Explanation:
Business assets are valuable used to generate revenue for the business. Assets can be classified as either current or fixed assets. Currents assets can be converted to cash with relative ease.
Fixed assets have a lifespan exceeding one year. Usually, a business will not dispose of its fixed assets in the current financial period. Fixed assets remain constant in a period and are used in the production process.
From the list provided, lorry is the fixed asset. It is being used to deliver goods, hence assisting in generating revenue. The lorry has a lifespan exceeding one year and is not meant for sale.
A lender will normally lend funds if he needs it to make a purchase?
True
O
False
Answer:
False
Explanation:
A lender is any individual or institution that advances funds to another entity on conditions that they repay. Most lenders are commercial institutions that make funds available to individuals and firms at a cost. In other words, lenders provide credit services to households and businesses.
Borrowers seek funds from lenders. It is the borrower who requires funds to finance planned activities.
The central bank would like to decrease unemployment in the economy. What open market operation would be appropriate
Answer:
Expansionary policy
Explanation:
Expansionary monetary policy are policies undertaken by the central bank of a country to increase the money supply in the economy.
Expansionary monetary policy include :
Reducing reserve requirementopen market purchasesSuppose the market for exercise bikes experiences the following event: The government reduces subsides on exercise equipment. What will be the effect on the equilibrium
Answer:
equilibrium price rises and equilibrium quantity decreases
Explanation:
Subsidies reduce the price of an item. If subsidies are decreased, exercise bikes become more expensive. Due to the higher price, the demand for bikes would reduce. Thus equilibrium price rises and equilibrium quantity decreases
QUESTION 10 of 10: Good market research can help you determine your break-even point, which is: a) When variable costs equal fixed costs b) When even one more problem will break you c) The point at the geometric center of your target customer base d) The number of units you need to sell, taking into account variable costs, in order to cover fixed costs.
Answer:
d) The number of units you need to sell, taking into account variable costs, in order to cover fixed costs.
Explanation:
Breakeven analysis can be defined as a financial accounting method or technique used for determining the number of units a business firm must sell at a specific price so as to cover all of its costs. It is a concept that allow business owners or financial experts to determine and know what they need to sell either on a monthly or annual (yearly) basis, in order to be able to cover the costs of doing the business.
Basically, it helps us to determine the amount of revenue required for the smooth operation of a business, amount of money needed to cover both fixed and variable costs. Using the breakeven analysis, production costs can be categorized as;
1. Variable costs: these are costs that usually change with respect to changes in the level of production or output. Examples are direct labor, maintenance of equipment or machines, raw materials costs etc.
2. Fixed costs: these are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Examples are rent, depreciation, administrative cost, research and development costs, marketing costs etc.
Hence, a good market research can help you determine your break-even point, which typically is the number of units you need to sell, taking into account variable costs, in order to cover fixed costs.
A fundamental principle in demand analysis is that a change in price leads to Group of answer choices a shift of the demand curve. a movement along the demand curve. a leftward shift of the demand curve. a complementary movement on the supply curve.
Answer: a movement along the demand curve.
Explanation:
When the price of a good changes, demand is supposed to react to that by moving along the demand curve because the demand curve is a visual representation of the goods demanded by people at various prices.
For instance, if the price of a normal good increases, the demand will likely decrease and there will be a movement up the demand curve to show that less goods are being demanded. The reverse holds true.
The income elasticity of demand for low quality beef is 2 Thus an 8 decrease in the quantity of low quality beef demanded A is the result of a decrease in income of 4 B is the result of an increase in income of 0.25 C is the result of an increase in income of 4 D is unrelated to any change in income
Answer: C is the result of an increase in income of 4
Explanation:
When the income elasticity of a good is negative, it means that it is an inferior good because inferior goods see their quantity demanded fall when income rises and vice versa.
In this case therefore, the income must have risen for the quantity demanded to decrease.
Income = Quantity demanded / Income elasticity
= -8 / -2
= 4
Income therefore increased by 4.
