The cost to be allocated to Product L for this period’s joint costs if the value basis is used is $283.
How to find the Cost allocated for product L?Total cost of product L:
Total cost = 240 lbs × $8per lb
Total cost = $1,920
Total cost of product M:
Total cost =180 lbs × $16 per lb
Total cost = $2,880
Total joint cost:
Total = $1,920 + $2,880
Total = $4,800
Cost allocated for product L:
Cost allocated for product= Product L cost ÷ Total Joint cost × Joint cost
Cost allocated for product = ($1,920÷ $4,800) × $708
Cost allocated for product = 0.40× $708
Cost allocated for product= $283.20
Cost allocated for product= $283 (Approximately)
Therefore Cost allocated for product L is $283.
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Are the statements true, false, or uncertain arguments? An export tax always reduces the exporter's net revenues. It is highly evident which industries will produce more technological spillovers and which less. The bulk of child employment is in the tradeable sector of poor countries. The real cause of child labor is low GDP per capita. Trade restrictions save jobs that are more visible, but result in job losses elsewhere. When trade is diverted away from countries that employ children, the children allocate more time to education. When subsidies are not an option, import tariffs are a second-best policy to promote key industries. The main, perhaps only, concern of U.S. labor unions regarding their fellow workers in developing countries are the working conditions of those foreign workers.
True , an export tax always reduces the exporter's net revenues. It is highly evident which industries will produce more technological spillovers and which less The bulk of child employment is in the tradeable sector of poor countries.
A country's net exports are the value of its overall exports minus the value of its total imports. A fine net export quantity suggests an exchange surplus, even as a terrible quantity means a change deficit. A vulnerable currency trading rate makes a kingdom's exports more competitive in rate.
The internet range includes a variety of exported and imported items and offerings, together with cars, client items, movies, and so on. If a country exports $two hundred billion well worth of products and imports $185 billion worth of products (exports > imports), then it's not exported items are $2 hundred billion – $185 billion = $15 billion.
The leading determinants of net exports are home and foreign earnings, relative charge ranges, alternate prices, domestic and overseas change rules, and options and technology. An exchange inside the charge stage causes a change in internet exports that actions the economic system alongside its combination demand curve.
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marshall company purchases a machine for $1,040,000. the machine has an estimated residual value of $100,000. the company expects the machine to produce two million units. the machine is used to make 600,000 units during the current period. if the units-of-production method is used, the depreciation rate is:
The depreciation rate is always written in a percentage and calculated through a numeral value. Depreciation refers to the decrease in value of a asset over a period of time.
Depreciation rate: Cost of goods sold - Residual Value/ Total units expected to be produced * Actual units produced
Depreciation rate: 1,040,000 - 100,000/ 200,000 * 600,000
= 2,820,000 or 2.82%
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If marshall company buys a machine for $1,040,000 the machine has an expected residual value of $100,000 the company estimates the machine to generate two million units. If the unit of production method is utilized the depreciation rate would be 2.82%
The depreciation rate is calculated as follows: Cost of goods sold - Residual Value/Total projected production * Actual production
Rate of depreciation: 1 040 000 - 100,000 / 200,000 * 600 000
= 2,820,000 or 2.82%
Depreciation is the accounting term for spreading out the expense of a tangible asset over the course of its useful life. A measure of how much an asset has been used is depreciation. It allows companies to invest in assets over a specified period of time and profit from such assets.
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you are the banquet sous chef at a mid-sized hotel prepping for a big event. the food is delivered to the line by a banquet steward, the desserts are delivered by the pastry cook, and the banquet line is staffed with each person adding an element to the plate. this separation of jobs is an example of . a. teamwork b. work specialization c. organizational structure d. scheduled events
Being a banquet sous chef, this separation of jobs is an example of option c. organizational structure.
An organizational structure defines however job titles, roles, and responsibilities are assigned at intervals an organization. It helps confirm who reports to whom, and who makes choices concerning what. Startups typically have a matrix structure structure, with completely different departments operating along on comes.
Organizational structure affects organizational action and provides the muse on that normal operative procedures and routines rest. It does the separation of jobs and work towards the accomplishment of organizational aims.
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negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
German negotiators are more likely to provide brutally frank negative feedback to foreign presenters.
One of the maximum treasured negotiation strategies that may be used towards American negotiators is to lead them to wait as Americans price time highly. A precise indication that a commercial enterprise assembly is crucial is that if higher-stage executives are blanketed withinside the discussion. You understand the type: Negotiators are imaginative, intuitive, empathetic, and emotionally expressive, and feature precise verbal and social skills. Most strikingly, those humans see the large photo with all of the options.
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the value of the marginal product is found by multiplying the marginal of labor by the market of the product.
True, Marginal Product Value is a calculation obtained by multiplying the marginal physical product by the average income or product price. Marginal Product Value (VMP) calculates the amount of a company's revenue contributed by one unit of productive output.
Marginal product or is a formula used to determine how a change in one factor of production changes overall production. The factors referred to can be in the form of labor, capital, land, machinery or other aspects that directly affect the production of merchandise.
Generally, when one of these elements is increased, production also increases. However, businesses need to measure those production increases against revenue and costs to ensure those additional costs add value.
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which of the following qualifies for protection under the first sale doctrine? francesco buys an original painting, paints an exact copy of it, and sells it. sofia writes a piece of music and sells the rights to the composition. lucia purchases a book and later resells it to her friend. hugo buys a computer program, copies the code to his own computer, and then sells the program to another person.
Lucia purchases a book and resells the original book qualifies for protection under the first sale doctrine. The correct option is C.
The first sale doctrine is a legal precept that permits the owner of a legally obtained copy of a copyrighted work to dispose of that specific copy in any manner without the owner's consent.
Lucia buys a book, then sells it to her friend later. According to the first sale theory, this is protected. Because Lucia is reselling the original, legitimately obtained copy of the book, she is not required to obtain consent from the copyright holder because of the first sale doctrine.
Thus, the ideal selection is option C.
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the digby company has just issued $6,484,096 in dividends last year. the effect of this payment on the balance sheet is:
The Baldwin Company just paid out $6,484,096 in dividends. This payment has the following effects on the balance sheet: A. The Net Profit will drop.
What was the common stock of the Chester Corporation?$6.030 million in cash. Assets totaling $123.810 million. - $3.810 million worth of Common Stock in total.
What were the retained earnings of the Digby Corporation?The Digby Corporation's balance sheet at the end of the second quarter showed total assets of $125.645 million and total common stock of $3.810 million. Retained earnings of $27.775 million and cash of $6.030 million. What were the entire liabilities of the Digby Corporation? Answer for video: The video player is loaded.
What was the common stock of the Digby Corporation?Common stock of Digby Corporation is valued at $27,631,000,000. Explanation: According to the data provided about Digby Corporation.
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Which of the following is a good piece of advice to give to individuals who have multiple bosses in a matrix structured organization?
a) Make sure all managers are familiar with your overall workload.
b) Keep conflicts you are experiencing to yourself.
c) Avoid situations where you have multiple managers as they produce more conflict than benefits.
d) Set a schedule so that you work with one manager on certain days and the other manager on the other days.
Power disputes inside matrix groups can be quite violent. A type of organizational structure called a matrix contains numerous reporting managers. Power struggles among the leaders are an issue in matrix organizations.
What are the advantages of reporting to multiple managers in a matrix structure?Dual reporting is used to improve resource allocation among functions and speed up work for the organization as a whole.
What are the advantages of a centralized organizational structure?centralized organizational frameworks' benefits. Fixes accountability through strict top-down supervision. -Removes goal conflict between parties with different viewpoints or interests. -Enables strong leadership and rapid decision-making in emergency situations.
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under check 21, the maximum time that a bank can hold funds from deposited checks before making them available to the depositor will increase.
The amount of time a bank can keep the proceeds from deposited cheques before they are made available to the depositor will rise to two to five working days.
What is under check 21?As previously stated, according to Regulation CC, banks are only permitted to store checks for a "reasonable period of time." The time it takes for a check you deposit to clear typically lasts between two and five business days. The Check 21 Act permits a new promissory note known as a "substitute check," which makes check truncation & electronic check exchange easier.
A bank does not have to convert & truncate paper checks in order to accept Check 21. It is entirely up to you. A bank provides two warranties and an indemnification that travel with each substitute check when it chooses to transform a paper check into an electronic file that can later be converted back into a paper check.
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in the context of iot in the manufacturing industry, which model segments devices and equipment into hierarchical functions?
The Purdue Model for Control Hierarchy segments devices and equipment into hierarchical functions.
A hierarchical organization is an organizational structure in which every entity in the organization, except one, depends only on another entity. This arrangement is a form of hierarchy. In an organization, a hierarchy usually consists of a single power/group at the top with subsequent levels of authority below.
It is the dominant mode of organization among large organizations; Most corporations, governments, organized crime and religious enterprises are hierarchical organizations with different levels of management, power or authority. For example, a broad, high-level overview of the general organization of the Catholic Church includes the pope, then the cardinal, then the archbishop.
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to complete the project effectively and on time, rebecca and martin need to share information and closely coordinate their efforts. this is an example of .
In order to complete the task both Rebecca and Martin have to coordinate their efforts and this is example of Reciprocal task interdependence.
In order to complete any task there is a need of contribution by all the members of the group. The project should not be done by only one individual of the group instead all the members should do their part of work so that the project gets completed in time. The same happens in case of Rebecca and Martin where they both have to help and coordinate each other's work in order to complete the project on time. In the Reciprocal interdependence method all the members of the task are dependent on each others work but they coordinate with each other to complete the project or task.
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As compared to companies with low operating leverage, companies with high operating leverage have.
Companies with a high degree of operating leverage (DOL) tend to have a higher percentage of fixed costs, which remain largely constant regardless of production volume, whereas companies with a low degree of operating leverage tend to have cost structures with a higher proportion of variable costs that are closely related to production volume.
A cost-accounting method called operating leverage assesses how much a company or project can raise operating income by raising revenue. Businesses with high operating leverage generate revenues with low variable costs and large gross margins. Operating leverage is used to calculate a company's break-even point, which also helps identify the appropriate selling prices to pay all costs and turn a profit. Businesses with substantial operational leverage must pay a higher monthly amount of fixed costs regardless of whether they sell any units of product. The potential risk from forecasting risk, where a relatively modest inaccuracy in sales forecasting can be compounded into huge errors in cash flow predictions, increases with the level of operating leverage.
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Use the AS-AD model below to answer the following questions. In each case assume the economy starts in long- and short-run equilibrium. Suppose a revolution in Iran results in a significant reduction in the world's supply of oil. Drag the appropriate line in the correct direction to show the short-run effect on the AS-AD model. This will: Suppose the government takes no action to help the economy. Suppose, instead, the government decides to take action to help the economy. You can recommend: If the U.S. government makes the appropriate policy response, what happens to price levels and output in the long run.
a) The economy is in the long-run and short-run equilibrium. The aggregate demand curve and short-run aggregate supply curve intersect with the long-run aggregate supply curve. Real GDP Y in the short run is equal to the potential GDP. The price level is 100.
The reduction in the supply of oil will increase the cost of production of firms since oil is input in manufacturing units. An increase in oil prices increases the cost of production of firms and reduces the aggregate supply. The aggregate supply curve shift to the left which results in a fall in real GDP and increases in the price level.
This will reduce output and raise the price level.
b) In the short run the output is below the potential level. The economy is experiencing a negative output gap with high price levels and unemployment. This high unemployment decreases the input prices in long run. This will reduce the cost of the firms. A fall in cost increases the aggregate supply. The AS curve shift rightward. This will continue till the price level reach the initial long-run level. The output also increases to the initial long-run level.
Eventually price level: returns to the initial value
Output returns to its initial value.
c) When the government decides to take action, it raises the aggregate demand through an expansionary fiscal policy. As a part of it, the government reduces taxes and increases spending. This will increase aggregate demand and the AD curve shift to the right. The price level increase and the output increase to a long-run full employment level.
Cutting taxes and/or raising spending.
The policy action of the Canadian government increases the aggregate demand. This will increase the price level more than the initial short-run level. But output increase to the initial long-run full employment level.
Price level: increases
Output: returns to its initial value.
Gross domestic product (GDP) is the economic degree of the market fee of all of the final goods and services produced and offered (now not resold) in a selected term by means of international locations. due to its complex and subjective nature, this degree is frequently revised earlier than being considered a reliable indicator. GDP (nominal) in keeping with capita does no longer, however, reflect differences inside the value of the dwelling and the inflation quotes of the nations; therefore, using a basis of GDP consistent with capita at shopping strength parity (PPP) may be greater beneficial while evaluating dwelling standards between nations, at the same time as nominal GDP is extra useful evaluating national economies on the international market.
overall GDP also can be broken down into the contribution of each industry or area of the economy. The ratio of GDP to the entire populace of the place is the per capita GDP (additionally referred to as the mean fashionable of dwelling). they're the production (or output or cost introduced) approach, the income approach, and the speculated expenditure technique. it's miles consultant of the overall output and profits inside an economic system.
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what are the two types of value creation activities found within a company's operations? (check all that apply.) multiple select question. primary support legal foreign
Production, marketing, and sales, inventory control, research and development, management of human resources and information systems, and company infrastructure are all value-creating activities.
What does creating value through operation management entail?Value creation is the process of changing labour and resources into something that meets the requirements of others. This covers labor-intensive activities like manufacturing, crop cultivation, and other intangible assets like computer code and unique ideas.
Where does value creation come from?Technology, innovation, intellectual property, alliances, management competencies, employee relations, customer relations, community relations, and brand value are some of the primary categories of intangible assets, albeit the intangible components that drive value creation vary by business.
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bell corp. recognized $76,000 in current income tax expense during the year. pretax gaap income was $178,000 and deferred income tax expense is $12,000 for the year. prepare (a) the income tax section of the income statement for bell corp. for the year and (b) the disclosure of current and deferred income tax expense.
The disclosure of current and deferred income tax expense. We are provided the following information in the query.Tax rate as of law is 30%.For the year, pretax income was $80,000 $76,000 is the taxable income.
Now it is possible to calculate: Pretax income for the year minus tax costs Enacted tax rate equals $24,000 ($80,000 x 30%).Tax due is calculated as follows: $76,000 30% = $22,800.Excessive tax liability: Tax expense minus Tax payable equals $24,000 minus $22,800, or $1,200 in total.The following will then be entered into the record:
Debit $24,000 in tax expenses.
Credit the $22,800 in taxes due.
Credit $1,200 in deferred tax obligations.
Consequently, the following are the appropriate choices: deduct a $24,000 tax expense.
d. credit the $22,800 in taxes that are due; e. credit the $1,200 in deferred tax liability.
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a survey of purchasing agents shows that professional buyers believe it is important for salespeople to do all of the following except:
Buyer surveys show that purchasing buyers believe it is important for sellers to do all of the following. Remuneration to investors for their investment in the company.
Buyers and buyers consider price, quality, availability, reliability, and technical support when selecting suppliers and goods. Buyers and Buyers purchase products and services for use or resale by organizations. They evaluate suppliers, negotiate contracts, and check product quality.
Buyer or Buyer is an individual or business offering to purchase an agent or property on behalf of another party. Indentation agent or indentation agent (or company) is an alternative term for buyer.
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professionals are required to deliver services but the competency of the services is never an issue. true false
False, Professionals are required to deliver services but the competency of the services is never an issue.
The performance of work, or the provision of labor, time, or effort, or any combination there of, not involving or connected with the delivery or ownership of a specified end product or goods, or a manufacturing process, is referred to as a service or service.
A tangible item that consumers want or own is referred to as a good. Service is not a tangible or physical entity, but it is still desired by customers. A service can frequently be performed remotely. The terms' goods' and services refer to what consumers consume and spend money on.
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Which of the following is an example of a good practice when developing a bad-news message?
Select one:
a.
Dan, a manager at Oak Inc., avoids providing reasons to support the refusal in his bad-news message.
0
b.
Aaron, a manager at Calibon Inc., avoids using "company policy" as a reason in his bad-news message.
0
c.
Meena, a manager at WillWare Inc., avoids emphasizing how her audience will benefit from a decision.
0
d.
Rachel, a manager at TechnoGram Inc., avoids using the inductive approach when developing a bad-news message.
0
0
d. A bad-news statement should be written using passive voice.
Good practice when developing a bad-news message is .Aaron, a manager at Calibon Inc., refrains from citing "business policy" as justification for the bad news. Option B is correct
There are two ways to convey terrible news: either directly express the unpleasant news or soften it by providing an explanation beforehand. Be forthright if the unpleasant news is mild or if your reader anticipates it. Reduce the likelihood of misunderstanding or back-and-forth communication by being clear and succinct. Assist the recipient in comprehending and accepting the news. Keep the receiver in mind while maintaining your trust and respect for the company or organization. Avoid being held accountable or making a false admission of guilt or responsibility.
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true or false: the initial cost of property, plant, and equipment includes the purchase price and all expenditures necessary to bring the asset to its desired condition and location for use. true false question.
This statement is True that the initial cost of property, plant, and equipment includes the purchase price and expenditures necessary to bring to desired condition and location for use.
What are the fixed assets' original costs?The amount of capital invested in the fixed asset's acquisition or creation determines its initial worth. An asset's initial cost includes paying suppliers, funding for shipping and installation, insurance, and taxes.
what is the significance of the historical cost concept?The historical cost principle is critical because it enables companies to monitor the changing value of their assets over time. This rule makes sure that businesses aren't inflating their financial accounts by taking advantage of shifting market prices.
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in linear programming, what are restrictions that limit the degree to which a manager can pursue an objective? part 2 a. constraints b. resource rules c. gatekeepers d. limitations
In linear programming, a. constraints are restrictions that limit the degree to which a manager can pursue an objective.
A manager is a expert who takes a management position in an business enterprise and manages a team of personnel. regularly, managers are liable for managing a particular department of their agency. there are numerous forms of managers, however they usually have responsibilities like conducting performance evaluations and making selections.
The role of managers is setting up and overseeing a particular organization, assignment or area inside a commercial enterprise. The quantity and scope of a supervisor's responsibilities can vary relying on their function in the business enterprise. The job identify of supervisor can suggest that any individual is handling a group or handling a sure feature.
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as an entrepreneur, personal interests are what drive you to choose a business venture. responses true true false
True, as an entrepreneur, your personal interests are what lead you to pursue a company enterprise.
What is Entrepreneurship?Entrepreneurship is the production or extraction of economic value. According to this definition, entrepreneurship is described as change, frequently including greater risk than is often encountered when starting a business, and may include values other than monetary ones. An entrepreneur is someone who starts and/or invests in one or more businesses, incurring most of the risks and earning the majority of the rewards. The procedure of launching a business is known as entrepreneurship. Entrepreneurs are generally viewed as innovators, providing new ideas, products, services, and business/or operations.
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In the design of a compensation plan, a factor over which a sales rep has some control, but which cannot be measured objectively is
A. Number of product demonstrations made.
B. Orders from new accounts.
C. Gross margin by product line.
D. Customer goodwill developed toward company.
E. Number of shelf and window displays obtained.
Option (d), Customer goodwill earned toward the company is a consideration in the formulation of a compensation plan that a sales agent has some control over but that cannot be quantified objectively.
The sales compensation plan should be described. Who created these sales compensation plans, and why?An official mechanism for determining a sales representative's pay based on performance is a sales compensation plan. In addition to other aspects of a salesperson's compensation, it includes information on their base salary, commission, incentives, and benefits.
Which five factors ought to be taken into account by compensation plans?Employers typically base pay on five criteria: the job's responsibilities, what their competitors are paying, how important the position is to the business, how much other employees in related roles are paid in accordance with the company's pay structure, and the budgetary and organizational requirements.
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In 2015, the United States:
A. imported more services than it exported.
B. imported more goods than it exported
C. traded mainly with developing nations such as Mexico and India.
D. had a small trade surplus in goods and services.
In 2015, the United States imported more goods than it exported. So, the correct answer is option B.
Although the United States may not necessarily have a positive trade balance when it comes to net exports, it does have a surplus when it comes to services.
This is due to the fact that the United States exports more services than it imports. This indicates that American experts work on behalf of other nations more than they work on behalf of the United States. The social export of the United States, which includes music.
However, US laws and policies frequently violate rights, particularly in the fields of criminal justice, immigration, and national security. The people most likely to experience abuses are frequently those who are least able to protect their rights in court or through the political process—racial and ethnic minorities, immigrants, kids, the poor, and prisoners.
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the european central bank uses main refinancing operations as the predominant form of open market operations, which are similar to the fed's repo transactions.True or False
the Europeans central bank uses main refinancing operations as the predominant form of open market operations, which are similar to the fed's repo transactions. TRUE
What is repo transaction?
A repurchase agreement (repo) is a form of short-term borrowing contract for dealers in government securities. In a repo, a dealer offers investors government securities for sale, typically overnight, and then buys the securities back the next day at a slightly higher price. The overnight interest rate is implicit in that small price difference. Repos are frequently used to raise quick money. They are frequently used in open market operations of central banks as well.
It is a repo for the party buying the security and agreeing to sell it in the future; it is a reverse repurchase agreement for the party selling the security and agreeing to repurchase it in the future.
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o develop mrp report, you need three piece of information as direct inputs. what are the three key inputs (refer to exhibit 9.5)?
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
What are the top three MRP outputs?Primary reports and secondary reports are both possible MRP output formats. Planned order schedules, order releases, and revisions to planned orders are the three categories of principal reports. Future material orders are specified in terms of timing and amount by planned order schedules.
What inputs are necessary for MRP?Master Production Schedule (MPS), Bill of Materials (BOM), and Inventory Status make up the core MRP inputs (IS). The end-item production completion dates are specified in the master production schedule, which is a time-phased plan.
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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $50,000 that will produce an estimated 350,000 units over its useful life. the estimated residual value of the machine is $3,000. what is the depreciation rate per unit?
$0.40 Depreciation rate per unit = (Cost − Residual value) ÷ Estimated total production= ($50,000 − $3,000) ÷ 3,50,000 units = $0.13 per unit
The percentage at which an asset depreciates over the course of its estimated useful life is known as the depreciation rate. The part of a company's long-term investment in an asset that the company deducts as a tax-deductible expense throughout the period of the asset's useful life is another way to put it.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
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Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continues to occur, even in organizations that have implemented the programs.
a. True
b. False
True
Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continues to occur, even in organizations that have implemented the programs. True
In computing, a program is a selected set of ordered operations for a computer to carry out. the modern computer that John von Neumann outlined in 1945, this system incorporates a one-at-a-time sequence of instructions that the pc follows. usually, the program is put into a storage region available to the laptop. The purpose of the software is to remedy a hassle or to pursue a hobby via innovative expression. In essence, why the programmer decided to create this software. as an example, “the cause of this software is to encourage others to recycle."
Programming is the process of making a hard and fast of commands that inform a pc how to perform an assignment. Programming may be carried out with the use of diffusion of laptop programming languages, inclusive of JavaScript, Python, and C++.
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Which of the following is the approximate internal rate of return for an investment that costs $45,880 and has net cash flows of $4,000 for 20 years?
Reason: 45,880/4000=11.47. Look at Table B.3 in the 20 year row for the present value factor closest to 11.47. You'll see 6%
6% is the approximate internal rate of return for an investment.
What is approximate internal rate?To assess the profitability of possible investments, financial researchers utilize the internal rate of return (IRR), a statistic. IRR is a discount rate that brings all cash flows' net current value (NPV) to zero in a discounted cash-flow analysis. The formula is the same for both NPV and IRR calculations. Keep in mind that the IRR does not accurately reflect the project's actual financial value. The annual return causes the NPV to turn negative.
Reason:
= 45,880/4000
= 11.47.
The present value component that is closest to 11.47 can be found in the 20-year row of Table B.3.
You'll see 6%.
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prior to collective bargaining for a new labor contract, both the management and the union members of a shoe factory decide that it is important that they discuss the issue of the employment of contingent workers in the organization. both parties thereby include it as a negotiable point for the bargaining session that, if agreed upon, will be entered into the new contract. this point of negotiation falls under the category of .
The category of permitted items includes this area of negotiation.
What is a Contingent Worker?Freelancers, independent contractors, consultants, or other outsourced and non-permanent employees employed on a project-by-project basis are referred to as contingent workers. They may operate locally or remotely. They are not only temporary employees, though; this minimises the complexity and high value of the current contingent workforce. Contingent employees are highly accomplished professionals in their specialties. These employees are employed in accordance with a statement of work (SOW) requirement to carry out certain tasks. When the job is over, they depart, though they might be contacted again if a new project comes along. As a result, they are not business employees, and the owner has no obligation to offer them consistent employment on a permanent basis.
What is the advantages of a Contingent Workforce?The benefits of a contingent labour are mostly financial for business owners. They are exempt from having to deduct taxes from employee paychecks and pay them. They are not required to provide overtime pay, paid sick days and vacation days, or health benefits. This enables them to save on administrative costs related to payroll and human resources, in addition to the large money they would have spent on searching for and hiring permanent staff.
Increased flexibility is a benefit of the contingent labour as well. A contingent worker can be hired to handle the extra work when there is a sudden increase in work or when an urgent project pops up.
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what can joseph do to increase his chances of ats selection? check all that apply. focus on adjectives like efficient, reliable, and personable. use variations of the job title. concentrate on the skills section. group keywords together in a summary. use terms from the posted job advertisement or job description.
Josep can increase his chances of selection for a new job if he does the following actions:
Design a modern infographic resume that can use engaging visuals to illustrate his skills, qualifications, and professional experience. He can save this resume in PDF.Adapt his resume to terms used in the posted job advertisement or job description. Use adjectives to highlight his abilities like being adaptable to change, efficient, responsible, and a team player.Design a professional e-portfolio that includes a collection of digital files that highlights his academic and professional achievements over time.Update his profile on different job search platforms.Know more about types of interviews here:
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