Your Assignment, Part I
You have just been promoted to the manager position at a local home goods store. As manager, part
of your task is monitoring finances. You decide to organize pertinent information in spreadsheets.
Submit any spreadsheets you create to your teacher at the end of this project.
1. The first area you address is payroll.
a) Create a spreadsheet for processing payroll data. Your spreadsheet should have the following
columns: Employee, Rate, Hours Worked March 1-7, Hours Worked March 8-14, Hours Worked March
15-21, Hours Worked March 22-28.
Answers
To enhance your money, monitor your spending. Make a monthly budget that's practical. Even if it takes time, increase your savings. Each and every month, pay your bills on time.
What is financial management?In order for the "organisation to have the means to carry out its objective as satisfactorily as possible," which is frequently defined as maximizing the value of the company for stockholders, financial management is the business function that is concerned with profitability, expenses, cash, and credit. Simply expressed, the field of company management known as financial management deals with allocating the available financial resources in a way that maximises corporate profitability and return on investment (ROI).Planning, organizing, and controlling all business transactions is the responsibility of financial management specialists. Getting the most out of an investment's financial and economic rewards is the main goal of the financial management process.The relationship between financial issues and corporate management, or managerial finance, is discussed.To learn more about financial management refer to:
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Related Questions
your marketing research team has presented you with the research on the external marketing environment. your first task is to group the findings of the research into threats and opportunities for the marketing plan.
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For the marketing plan-
Threats are explain by option A and B.Opportunities are explained by option C, D and E.Explain the term marketing plan?Businesses utilize a marketing plan as a strategic road map to plan, carry out, and monitor their marketing approach over just a specific time frame. Different marketing tactics for diverse marketing teams throughout the organization working on the same company objectives can be included in marketing plans.The research upon that external marketing environment has been delivered to you by your marketing research team.
first thing you need to do is sort the study results into opportunities and dangers again for marketing plan.
Threats:A. Treads rivals have a multi-channel distribution approach.
B. Over the past five years, the department store has indeed been closing 20 stores on average annually.
Opportunities:C. The majority of millennials shop through internet or mobile platforms.
Louisville, Kentucky is about an hour away from the
D.Treads manufacturing factory, which is situated southwest of Cincinnati, Ohio. Louisville serves as a major shipping company's global aviation hub.
E.The number of traditional malls is dwindling.
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the complete question is -
Mentoring Moment: Threats vs. Opportunities
Your marketing research team has presented you with the research on the external marketing environment. Your first task is to group the findings of the research into threats and opportunities for the marketing plan.
Explain which are - "Threats" or "Opportunities,".
A. Treads competitors are using a multi-channel distribution strategy
B. The department store has been closing an average of 20 stores per year over the past 5 years
C. Millennial's do the majority of shopping using online or mobile channels
D.Treads manufacturing facility is located southwest of Cincinnati, Ohio, which is about one hour from Louisville, KY. Louisville is the main global air hub for a major shipping company
E.Traditional malls are on the decline
problem 1) the manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of $20,000 per month. in addition to this leasing cost, a production cost of $10 would be incurred for each unit of the product produced. each unit sold would generate $20 in revenue. develop a mathematical expression for the monthly profit that would be generated by this product in terms of the number of units produced and sold per month. then determine how large this number needs to be each month to make it profitable to produce the product. What would the following be:
1. Unit Revenue
2. Fixed Cost
3. Marginal Cost
4. Sales Forcast
5. Production Quality
6. Total Revenue
7. Total Fixed Cost
8. Total Variable Cost
9. Profit (Loss)
Answers
The unit revenue of 2000 and the fixed cost of $20,000, that would be generated by the new product in terms of the given number of units produced and sold per month.
What is meant by the marginal cost?The marginal cost indicates the rise in production costs brought on by the creation of more product units. The marginal cost can be used by businesses to assess how the volume produced affects the cost and, ultimately, earnings.
Given:
Let the no. of units be x
The profit = The revenue - (Fixed Cost + Variable cost)
= 20x - 20,000 - 10x
20000 = 20x - 10x
x = 20000 / 10
x = 2000
1) Unit Revenue = 2000
2) Fixed Cost = $20,000
3) Marginal Cost = Total Cost
So = (20,000 + 10 x 2000) / 2000
= 40,000 / 2000
= $20
4) Sales Forecast = 2,000
5) The production quality depends upon the machines used and the techniques adopted by the company. Hence the technique includes the TQM, Lean manufacturing, etc
6) Total Revenue = 20 x 2000
= $40,000
7) Total Fixed cost = $20,000
8) Total Variable Cost = 10 x 2000
= $20,000
Profit = Revenue - Total cost
= 40,000 - 40000
= 0
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A plaintiff sued a defendant for injuries suffered in a car accident allegedly caused by brakes that had been negligently repaired by the defendant. At a settlement conference, the plaintiff exhibited the brake shoe that caused the accident and pointed out the alleged defect to an expert, whom the defendant had brought to the conference. No settlement was reached. At trial, the brake shoe having disappeared, the plaintiff seeks to testify concerning the condition of the shoe. The plaintiff's testimony is
A: admissible, because the defendant's expert had been able to examine the shoe carefully.
B: admissible, because the plaintiff had personal knowledge of the shoe's condition.
C: inadmissible, because the brake shoe was produced and examined as a part of settlement negotiations.
D: inadmissible, because the plaintiff did not establish that the disappearance was not his fault.
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The plaintiff's testimony is Inadmissible, because the brake shoe was produced and examined as a part of settlement negotiations.
What is plaintiff?In every lawsuit, a plaintiff's testimony is crucial. Establishing credibility with the judge or jury is very crucial. The Perfect Witness emphasises the significance of upholding a Plaintiff's credibility through visual clues and a witness' appearance in this regard. The appearance of the witness and their nonverbal clues play a significant role in how jurors and judges establish their opinions about a Plaintiff. Juries want to support witnesses they believe to be trustworthy, and the deposition procedure is the first step in establishing that credibility. Using The Perfect Witness with your plaintiff will help them seem much better before a deposition and will also help them get ready for anything unexpected. After your plaintiff utilises our method, you will believe because seeing is believing.To learn more about plaintiff's refer to:
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there are several documents that may need to be signed when investing in a company. these may include: subscription agreement: this document outlines the terms and conditions of the investment, including the amount being invested, the ownership percentage being acquired, and the rights and responsibilities of the investor. stock purchase agreement: this agreement outlines the terms and conditions of the sale of shares in the company, including the purchase price and any contingencies that must be met before the sale can be completed. disclosure documents: the company may provide the investor with various disclosure documents, such as an offering memorandum or a private placement memorandum, which provide detailed information about the company, its business, and its financials. investor rights agreement: this agreement outlines the rights and protections that are afforded to investors, such as the right to access financial information, the right to vote on company matters, and the right to receive dividends. securities purchase agreement: this is an agreement that outlines the terms and conditions of the investment, including the price, the number of shares being purchased, and the closing conditions that must be met before the investment is completed. it's important to note that the specific paperwork required may vary depending on the type of investment and the laws of the jurisdiction in which the company is incorporated. it's always best to consult with a legal professional.
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An official agreement between a firm and an investor to purchase shares of the company at a certain price is known as a subscription agreement.
What exactly does a subscription agreement cover?An official agreement between a firm and an investor to purchase shares of the company at a certain price is known as a subscription agreement. It includes all of the agreement's specifics, such as the number of outstanding shares, the ownership of the shares, and the payouts.SEC Rule 506(b) and 506(c) of Regulation D provide a basic definition of rules for subscription agreements.A subscription agreement for a buyout with private equity. The terms and conditions of this agreement specify how an equity sponsor may acquire shares of a newly established holding company in order to fund the purchase of a portfolio.To learn more about subscription agreement refer to:
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You work in a practice and have been asked to document some payer communications. what the determines where communications should be recorded.
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Complete many forms before their first encounter with the provider to determine where communications should be recorded.
Find out the name of each payer's proper representative. Invite each payer's representative to the office. Write clearly and politely, and conduct yourself when speaking on the phone.
Today, the most popular form of documentation used by clinicians to enter notes into patients' medical records is the SOAP note, which stands for Subjective, Objective, Assessments, and Plan. They enable providers to store and distribute data in a common, organized, and readable manner.
An electronic reimbursement advice, or ERA, is a description of a claim payment given to a provider by a health insurer. An ERA details how such a health plan has modified claim fees in light of things like Contractual commitments.
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Before they meet with the provider for the first time, they must fill out a number of paperwork to specify where communications should be recorded.
Find out who the legal representative is for each payer. Invite the representative of each payer to the office. When writing and chatting over the phone, be kind and straightforward.
Today, the SOAP note—which stands for Subjective, Objective, Assessments, and Plan—is the most common type of documentation utilised by physicians to put notes into patients' medical records. They make it possible for providers to store and share data in a uniform, structured, and readable way.
The term "electronic reimbursement advice," or "ERA," refers to a description of a claim payment made by a health insurance to a provider. Such a health plan's adjusted claim costs are described in an ERA.
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. if both states decided to trade with each other, which of the following is a range of terms of trade that would benefit both wisconsin and california (1 ton of cheese
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From 0.5 tonnes of cherries per tonne of cheese to 3 tonnes of cherries per tonne of cheese, they would be open to trading.
What benefits do we receive from trade?International commerce enables a nation to sell its excess goods to other nations and find a larger market for them. Similar to this, international commerce enables a nation to import commodities that can either not be manufactured at all or only at a greater cost. Trade only results in gains based on a comparative advantage, not absolute advantage. A nation or individual can have an immense advantage in both items or activities and still benefit from trade by focusing on the one in which they have a comparative advantage. Trade fosters economic expansion, productivity, technical advancement, and—most importantly—the welfare of consumers. Trade especially helps middle- and lower-income households by bringing down prices and expanding the variety of products available to consumers.
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A medical billing company's intranet has a glitch. When employees log on to enter patients' medical insurance data, they are automatically redirected to the insurance company phone directory. When they query the insurance company files, they find themselves looking at the hospital billing records. Jody Abbot, the CIO, recently installed a new database program to handle the company's growing needs. She's not sure whether the problem is in the program or in the company's server. She's going to need some help from her project management team, which consists of 50 individuals. She wants the meeting to be manageable but also wants to get a variety of perspectives, so she calls a meeting with her top project managers.
What purpose will this meeting serve?
In this situation, how many people should be invited to attend the meeting?
Answers
The main purpose of this meeting will be to identify the problem associated with the computer and the intranet of the companies. In such situation only 10 people should be invited to attend the meeting.
What is an Intranet?
An intranet is a computer network that is exclusively used by a company's employees for exchange of information, improved communication, teamwork tools, operational processes, and other computing services. Despite the fact that it uses the same technology as public networks such as the Internet, the phrase is used to contrast them.
A company-wide intranet can act as a central hub for internal communication and collaboration, as well as a single point of access to both internal and external resources. In its most basic form, an intranet is built using local area network (LAN) and wide area network (WAN) technologies (WANs).
An extranet and an intranet are sometimes used interchangeably. Extranets provide access to customers, suppliers, and other authorized parties, whereas intranets are typically only accessible to company personnel. Extranets are private networks that have unique authentication, authorization, and accounting features that are extended onto the Internet (AAA protocol).
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the production orientation makes sense in developing countries where the main objective is to make products available to the maximum number of consumers at the lowest prices.
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The production orientation makes sense in developing countries where the main objective is to make products available to the maximum number of consumers at the lowest prices.
The production orientation is the orientation or the target goal in which to delight the consumer with the good and nice quality product that fits to their needs and beat the competition with the help of production orientation.
The main objective is to make products available to the maximum number of consumers at the lowest prices with production orientation is correct for the easy access of the product at low price. So, the average consumer can buy the product.
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which of these are elements of the business environment? multiple select question. financial environment technological environment corporate structure economic and legal environments competitive environment
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Financial environment, technological environment, economic and legal environments, and competitive environment are all elements of the business environment.
The phrase "business environment" refers to the whole of all individuals, groups, and other entities that operate independently of industry but have the potential to influence its output.
Financial environment, technological environment, economic and legal environments, and competitive environment are all elements of the business environment.
Corporate structure is not an element of the business environment because The corporate structure of different businesses can vary greatly depending on their objectives and the sector in which they operate.
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Use your knowledge of the Boston Consulting Group matrix to select the correct labels for the following image Question mark Star - Invest heavily Invest cautiously Dog Sell business Cash Cow Take profits A. Low B. High C. Question mark
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Using the knowledge of the Boston Consulting Group matrix the correct label for the following image is A) high B) market growth C) high D) relative market share.
The Boston Consulting Group matrix or growth-share matrix is a model which is used to analyze a business's products to aid with long-term strategic planning. It helps companies identify new growth opportunities and decide how they should invest for the future. The BCG growth-share matrix breaks down products into four categories, called as "dogs," "cash cows," "stars," and “question marks”.
Star represents products that are in high growth markets and make up a sizable portion of that market and should be invested in more. Question mark represents opportunities that are in high growth rate markets but in which the company does not maintain a large market share. Cash cows represent products that are in low-growth areas, but the company has a relatively large market share. Dog represents product has a low market share and is at a low rate of growth and should be sold or liquidated.
Note: The question is incomplete. The complete question probably is: Use your knowledge of the Boston Consulting Group matrix to select the correct labels for the following image. The options for A) Star is low or high, B) Question mark is relative market share or market growth, C) Cash cows is low or high, D) Dog is relative market share or market growth.
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High-priority accounts at Universal Containers have an assigned District Manager, Sales Representative, Inside Sales Representative, and Customer Service Representative. Management wants to prevent these accounts from being contacted accidentally multiple times on the same day, and they want to report on the various customer interactions.
How should the Administrator meet these requirements?
Type comments into the Notes section on the Account.
Log a separate Task, Call, or Activity on the Account.
Log a case on the Account.
Post customer interactions in Chatter on the Account.
Answers
High-priority accounts at Universal Containers...customer interactions. The administrator should meet these requirements by log a separate task, call, or activity on the account. Hence, option (b) is correct.
Give a brief account on Management.Tasks are controlled and organized by management in order to complete an objective. Determining the organization's strategy and coordinating the staff's efforts to accomplish these goals while maximizing the available resources are part of these administrative chores. Another definition of management is the arrangement of staff according to seniority inside a corporation. One must acquire a variety of abilities, such as planning, communication, organization, and leadership, in order to be a successful manager. In order to successfully direct staff, sales, and other activities, one will also need to have a thorough understanding of the company's objectives. Setting an organization's strategy and organizing its workers' efforts to achieve its goals by utilizing its resources, including financial, natural, technological, and human resources, are all included in management.
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A business invested $15,000 on 1 October 2016 in 8%pa investment bonds, with interest being received every six months on 30 September and 31 March. The adjusting entry on 30 June 2017 would be:
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Answer:
Debit Interest Income $375
Credit Interest Receivable $375
Explanation:
The adjusting entry on 30 June 2017 would be to record the interest earned on the investment bonds from 1 April 2017 to 30 June 2017. To calculate the interest earned, you would use the formula:
Interest Earned = Principal x Interest Rate x Time (in years)
In this case, the principal is $15,000, the interest rate is 8% per annum (or 0.08), and the time is the number of months from 1 April 2017 to 30 June 2017 divided by 12 (since the interest rate is given as an annual rate). So:
Interest Earned = $15,000 x 0.08 x (3/12) = $375
So the adjusting entry would be:
Debit Interest Income $375
Credit Interest Receivable $375
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under the accrual basis of accounting, costs used to generate revenue are recorded as expenses:
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under the accrual basis of accounting, costs used to generate revenue are recorded as expenses as soon as transactions occur.
Keeping or preparing the financial records of the company's activities, analysing, verifying, and reporting those data, as well as "the concepts and methods of accounting" have all been referred to as accounting. It also refers to the profession of an accountant. In British English, the term "accountancy" specifically refers to the job or profession of an accountant. It entails methodically documenting each financial transaction a company makes. Analyzing, compiling, and informing the tax authorities, agencies, and regulators about the financial transactions is part of it. A business's accounting procedures are handled by an accountant. It aids an organization's interpretation and accounting process integration of a financial transaction.
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true/false. an investment adviser directs its trades to a broker-dealer paying non-discounted rates. in return, the broker-dealer is permitted to give the investment adviser: a software for the ia's back-office operations b software that compares asset allocation models used by the ia c software that books travel at the lowest cost to the ia d nothing of value
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An investment adviser directs its traders to a broker-dealer paying non-discounted rates. In return, the broker-dealer is permitted to give the investment adviser: software that compares asset allocation models used by the IA.
The answer is b. The SEC and the State administrators authorize so-called soft dollar arrangements. An advisor may oversee their portfolio trades to a brokerage firm that charges a higher commission in retrieval for the adviser obtaining something of significance from the broker-dealer, such as research reports, asset allocation software, stock screening software, etc. Investment advisers are monetary professionals that make investment suggestions or conduct security estimations in exchange for a fee.
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you make widgets. you want to sell your widgets at the nearby widget store, since this would potentially increase your sales. however, you would have to pay a transportation cost every day to send you widgets over to the store. you decide to run some calculations to see if you would be at risk of losing money due to the transportation costs.
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0.1667 1/6 is the probability in the market that the large company will select and sell our product at risk of losing money due to the transportation costs.
All charges for transporting personnel, finished items, and raw materials are included in the transportation cost overall. It costs money to make sure all moving parts are in the proper locations so that your customers receive their goods or services on schedule. The objective of lowering the cost of transportation and raising the capacity of transportation networks has continuously advanced throughout the past century. Users such as people, businesses, institutions, or governments must haggle or put a bid in order for passengers and freight to move.
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FILL IN THE BLANK With an understanding of price elasticity, sellers should know that the less elastic the demand for their product is, the more advantageous it is for them to ________.
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Sellers who are familiar with price elasticity should be aware that it is advantageous for them to raise the price the less elastic the demand for their product is.
Why is having an understanding of elasticity essential for sellers?
Because it indicates how much a good or service buyers consume when the price changes, elasticity is an important economic measure, especially for businesses that sell goods or services. When a product is elastic, the quantity demanded changes quickly when the price changes.
How can knowing a product's demand elasticity influence pricing decisions?
Pricing Elastic Products: To increase sales volume, lower prices on elastic products. Additionally, this will enhance your market price perception. Increase your prices for inelastic products to drive higher margins while minimizing the impact on sales.
What advantages does demand elasticity offer?
When it comes to determining the prices of various production factors, the idea of elasticity for demand plays a crucial role. The elasticity of demand of production factors determines their payment. In other words, a factor's price will be high if its demand is inelastic, while its price will be low if it is elastic.
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When building a new hospital, the developer did not remove any trees, boned on the belot that doing so could compromise the ability of future generations to meet the own needs. This is an example of managing forgreen veluesustainabile developmentsocial responsibility
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The developer followed sustainable development practices by leaving all of the trees in place.
What is meant by sustainable development?An organisational principle known as sustainable development strives to achieve human development objectives while allowing natural systems to support human needs for essential natural resources and ecosystem services. Sustainable development is defined as meeting present needs without sacrificing the ability of future generations to meet their own.The term "sustainable development" comes from the Brundtland report, which described sustainable consumption in industrialised countries. Sustainable development is based on three pillars: social, economic, and environmental.The concept of sustainable development states that people should be able to meet their basic requirements while simultaneously ensuring that future generations can also meet their basic needs.To learn more about sustainable development, refer to:
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Zazu Company is considering modifying a transaction to reduce the current year tax cost by $50,000. Which of the following statements is false? A. The modification will increase the NPV of the transaction by $50,000.B. The modification may affect the transaction's before-tax cash flows.C. The modification may reduce the tax cost but increase one or more nontax costs.D. The modification may not be desirable even though it reduces the tax cost.
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Zazu Company is considering modifying a transaction to reduce the current year tax cost by $50,000. The statement " The modification will increase the NPV of the transaction by $50,000." is false i.e., option (a).
Give a brief account on NPV.The complete worth of an investment opportunity is defined by the finance term net present value (NPV). To determine the net present value (NPV) of an investment, one must forecast all probable future cash flows, discount each to the present, and then tally them all up. The total of all the positive and negative cash flows is the investment's net present value (NPV). A positive NPV shows that making the investment will yield a profit when the time value of money is considered. A theoretical "good" NPV is one that is larger than zero. After all, the investor's cost of capital, opportunity cost, and risk tolerance are already taken into consideration by the discount rate used in the NPV calculation. Additionally, the time value of money is taken into account, along with the project's future cash flows.
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the practice of ____ is advertising one product with the intent of persuading customers to buy a more expensive when they arrive in the store.
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The practice of deceptive pricing is advertising one product with the intent of persuading customers to buy a more expensive when they arrive in the store.
Give a brief account on deceptive pricing.Deceptive pricing is a strategy used by dealers to trick potential clients into believing they are paying less for goods over the course of an entire season by using deceptive methods like "original," "former," or "regular" pricing quotes. Companies are forbidden by the Federal Trade Commission from engaging in such dishonest business activities. When there is fierce competition in the market, brands turn to a variety of strategies to grab consumers' attention. To attract as many people's interest as possible and so boost sales, this comprises a variety of marketing strategies or price strategies. Many of these strategies violate consumer rights and are illegal. Being aware of and avoiding such actions is essential since they may be susceptible to enforcement action.
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which of the following statements support reasons that companies make investments? select all that apply. multiple select question. to produce higher income using excess cash to produce tax advantages and breaks to reduce risk of losses to produce income for pension funds
Answers
The companies have to make investments for using excess cash to produce tax advantages and breaks
The investment is the method in which the money is give or invest on the company which gives shareholding instead of returning the invested money. The investment is also defined as the individual who buys the shares or stocks from the company to get equity at every year from the company's profit.
The investment on the stocks in the practice which saves from the high taxes from the taxation if investing money on the stocks then the companies saves excess cash to produce tax advantages and breaks. The companies or small start-ups using excess cash to produce tax advantages.
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materials activities include: (check all that apply.) multiple select question. storing materials. incurring overhead costs. purchasing materials. selling finished products.
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Materials activities include b) incurring overhead costs, c) purchasing materials.
Creating and maintaining materials for activities can be costly and time consuming. It often involves incurring overhead costs, buying materials, and managing inventory.
To ensure successful and efficient operations, proper management of these materials is essential. With the right processes and procedures in place, it is possible to save time and money when it comes to materials activities.
These activities include incurring overhead costs, purchasing materials, and other related services.
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the field of finance is divided into three separate, though inter-related subject areas. these three areas are: question 13 options: corporate financial management, investments, and financial markets and institutions accounting, financial management, and cash flow management financial markets, financial institutions, and financial accounting operating activities, investing activities, and financing activities stocks, bonds, and derivative securities
Answers
Corporate Financial Management, Investments, and Financial Markets and Institutions.
What is financial market?The term "financial market" refers to a market where derivatives and financial securities are traded for little or no cost. Stocks, bonds, unprocessed goods, and precious metalevel of which are referred to as commodities in the financial world are among the securities. Any location or system that gives buyers and sellers the ability to trade financial instruments, such as bonds, shares, different international currencies, and derivatives, is considered to be a financial market. The connection between people with capital needs and people with capital to invest is made possible by financial markets.Markets where securities are bought and sold are referred to as financial markets in general. The commodities market, bond market, and stock market are a few examples of financial markets.To learn more about financial market refer to:
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T/F a business impact analysis (bia) identifies threats, vulnerabilities, and potential attacks to determine what controls can protect the information
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True. A Business Impact Analysis (BIA) is a process that identifies the potential threats, vulnerabilities, and attacks that could affect a business.
What is the purpose of a Business Impact Analysis (BIA)?The purpose of a Business Impact Analysis (BIA) is to identify potential threats and risks to a business and determine the potential impact of those threats on the organization's operations. The BIA process is used to develop a plan for how the business will respond to and recover from disruptions.
How often should a BIA be conducted?The frequency of a BIA should be determined by the organization. It is recommended that a BIA be conducted when there are significant changes to the organization's operations, when new risks or vulnerabilities are identified, or when there is a requirement to update the Business Continuity Plan.
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the following financial information was summarized from the accounting records of globe corporation for the current year ended december 31:
Answers
The gross profit for the Southern Division is $120,000.
What Are Accounting Records?Accounting records are all the documents and logbooks that are used to produce financial statements or the records required for audits and financial evaluations. Accounting records consist of assets, liabilities, cash transactions, ledgers, journals, and any other paper work, such as checks and invoices.
We need to find gross profit of Southern Division
The information provided for Southern Division are as follows:
Cost of goods sold = $175000
Direct Operating Expenses = $115000
Net income= $410000
Calculation of Gross Profit of Southern Division:
Net Sales: $410,000
Less:
Cost of goods sold $(175,000)
Direct Operating Expenses $(115,000)
Gross Profit: $120,000
Thus, The gross profit for the Southern Division is $120,000.
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Complete question:
three types of product-line pricing are price leaders, special-event pricing, and comparison discounting.
Answers
There are three common product line pricing strategies captive pricing, leader pricing, bait pricing,there are three primary models of price leadership,barometric, collusive, and dominant.Cost-Based Pricing.
Value-Based Pricing,competition-Based pricing.There are three comparison discounting quantity discounts trade discounts,promotional discounts.Pricing strategy in marketing is the pursuit of identifying the optimum price for a product.This strategy is combined with the other marketing principles known as the four product,place,price, and promotion,market demand,product characteristics,competition,and economic patterns.Product line pricing is a product pricing strategy,used when a company has more than one product in a product line.It is a process that traders adopt to separate products in the same category into various price groups,to create different quality levels in the customers' minds.
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use figure: budget lines for tangerines and watermelons. for some time, albert has had $5 per month to spend on tangerines and watermelons. the price of a tangerine is $0.50, and the price of a watermelon is $0.25. which chart shows what will happen to his budget line if his income increases to $6?
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The price of an apple is $0.25 will happen to his budget line if his income decreases to $2.50.
A budget is a set of computations for a given period of time, typically a year or a month, though not always in the financial world. A budget may include anticipated sales and revenue levels as well as resource quantities such as time, costs, and expenses. It may also include other impacts such as greenhouse gas emissions as well as assets, liabilities, and cash flows. Businesses, governments, families, and other entities use budgets to quantify their strategic plans of action. An articulated budget offers suggestions for allocating funds to cover projected costs. back for future use, or a deficit, which happens when expenditures exceed revenues or other funds available.
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(Figure: Budget Lines for Oranges and Apples) Look at the figure Budget Lines for Oranges and Apples. For some time, Antonio has had $5 per month to spend on oranges and apples. The price of an orange is $0.50 and the price of an apple is $0.25. Which of the charts shows what will happen to his budget line if his income decreases to $2.50?
On November 2, Newsprint Manufacturing purchases 5 rolls of paper on account at $125 per roll for use within the production process. On November 5, 4 rolls of this paper are issued to Job 157A in the Printing Department. The Printing Department records $675 in direct labor and $1,150 of factory overhead to Job 157A. On November 8, Printing transfers Job 157A to the Folding Department. The Folding Department applies $450 in direct labor and
$655 in factory overhead to Job 157A. Job 157A is transferred to Finished Goods inventory on November 9. (19-167)
(a) Journalize the purchase of the paper.
(b) Journalize the transfer of raw materials to work in process, the application of direct labor, and the application of manufacturing overhead to Job 157A while in the Printing Department.
(c) Journalize the transfer of Job 157A to the Folding Department at actual cost.
(d) Journalize the application of direct labor and the application of manufacturing overhead to Job 157A while in the Folding Department.
(e) Journalize the transfer of Job 157A to Finished Goods Inventory at actual cost.
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A journal is a detailed account that records all of a company's financial transactions for future reconciliation and information transfer to other official accounting records, such as the general ledger.
What is a general ledger?
A general ledger is the foundation of a system used by accountants to store and organise financial data used in the preparation of financial statements for a company. Individual sub-ledger accounts defined by the company's chart of accounts are used to post transactions.
General Journal Debit Credit
a Raw materials(5*$125) $625
Accounts payable $625
b Work in process-Printing $500
Raw materials (4*$125) $500
Work in process-Printing $675
Factory labor $675
Work in process-Printing $1,150
Factory overhead $1,150
c Work in process-Folding
($500+675+1,150) $2,325
Work in process-Printing $2,325
d Work in process-Folding $450
Factory labor $450
Work in process-Folding $655
Manufacturing overhead $655
e Finished goods ($2,325+450+655 $3,430
Work in process-Folding $3,430
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What are clothing is considering the introduction of a new baseball cap for sales by local vendors the company has collected the following price and cost characteristics sales price 19 per unit variable cost 3 per unit fixed cost 54,000 per month assuming that the company plans to sell 8000 per units. What is the impact on operating profit if the sales price decreases by 5% or increases by 10%?
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Answer:
The impact on operating profit if the sales price decreases by 5% or increases by 10% can be calculated using the following formula:
Operating profit = (Sales Price - Variable Cost) * Quantity - Fixed Cost
First, we need to calculate the current operating profit using the given information:
Sales Price = $19
Variable Cost = $3
Fixed Cost = $54,000
Quantity = 8,000
Operating profit = ($19 - $3) * 8,000 - $54,000 = $104,000
Now, we can use this information to calculate the impact on operating profit if the sales price decreases by 5%:
Decrease in Sales Price = $19 * 0.05 = $0.95
New Sales Price = $19 - $0.95 = $18.05
New Operating profit = ($18.05 - $3) * 8,000 - $54,000 = $100,200
Decrease in operating profit = $104,000 - $100,200 = $3,800
And if the sales price increases by 10% :
Increase in Sales Price = $19 * 0.1 = $1.9
New Sales Price = $19 + $1.9 = $20.9
New Operating profit = ($20.9 - $3) * 8,000 - $54,000 = $111,200
Increase in operating profit = $111,200 - $104,000 = $7,200
In conclusion, if the sales price decreases by 5%, the operating profit will decrease by $3,800 and if the sales price increases by 10%, the operating profit will increase by $7,200.
When the manufacturer fails to properly assemble the product, properly test a product or adequately check the quality of a product, this is when a defect in ________________is said to have occurred.Open Hint for Question 3 in a new window.distributiondesignutilitymanufacture
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B) Executives at headquarters are in charge of corporate-level strategy; Business strategies are the responsibility of divisional managers.
Who in an organization is in charge of strategic management?
The CEO is in charge of the strategic planning process and is in command of it. They frequently play the role of the visionary, hoping to present the options available for the future and obtain board approval.
Which division is in charge of strategy?
As a coordinating body, a corporate strategy department creates and implements strategies that advance the company's overall objectives while also meeting the needs of individual departments.
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Building railways, borrowing money, and regulating business are examples of powers.
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Building railways, borrowing money, and regulating businesses are examples of reserved powers of the states. The delegated authority can be seen in the ability to tax, borrow money, and regulate interstate commerce, which is trade between the United States and other nations as well as between individual states.
Furthermore, inherent powers could be viewed as those that the Constitution implies but does not list explicitly. Due to the federal government's powers, powers explicitly granted to Congress by the Constitution, such as the authority to create money, collect taxes, control interstate, and foreign trade, and declare war. Any power that is neither expressly forbidden by law nor explicitly granted to any governmental institution is referred to as reserved power. The following are additional power types: Reserved powers Delegated powers concurrent powers and others.
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