A revenue collection system by which guests pay the cashier
The key elements that can have an impact on profitability must be given special consideration in order to control a unit's revenue. Therefore, it is crucial to maintain control over the key variables that can impact a business's revenue, such as the menu-beverage list, the overall amount of food, and
beverage sales, the mix of products sold, the average amount spent by customers at various times of the day in each selling outlet, the number of covers served, and the gross profit margins.
It is crucial to keep in mind, especially in commercial operations, that the accountability of what has been delivered to the client must be included someplace in the overall management system.
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the statement a kodak all-in-one printer may cost a little more, but you'll pay far less for replacement ink than you will with other printers . a. gains attention by describing a problem b. builds interest in a product c. motivates action d. reduces resistance
Gains attention by asking a question that focuses on reader benefits as there is effective pricing.
Thus, the correct option is A.
What is effective pricing?A successful pricing strategy will correctly match the value your service offers with the willingness to pay of your target market.
Perhaps the most significant pricing tactic of all is value pricing. This considers how valuable, important, and beneficial your customers consider your goods or services to be.
Depending on the sector and type of business, value-based, competition-based, cost-plus, and dynamic pricing are all regularly employed approaches.
Less costly products are frequently associated by consumers with subpar production values.
The value of a product is typically correlated with its price. A price that is excessively high could prevent a customer from purchasing it.
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Which of the following generates a positive externality?
A) You buy a new car and find $5,000 in the door panel.
B) Your next-door neighbor mows the lawn at 6 A.M.
C) Your next-door neighbor installs a bat house and the bats eat mosquitoes.
D) Joe buys health insurance but decides not to take the time to get a flu shot.
In his yard, Gilberto grows a range of trees, shrubs, & flowers. The neighborhood is made beautiful by the landscaping. As a result, a favorable exterior will be produced.
What function does a shrub serve?Due to their widespread global distribution, shrubs are crucial for many species that are associated with them, including grazing and browsing mammals & livestock, birds, fungi, as well as invertebrates, as well as for ecosystem water balance, soil stabilization as well as production, carbon uptake and storage, and soil stabilization and production.
What kind of plant is a shrub?A shrub is a small and medium sized annual woody plant (sometimes referred to as a bush). Shrubs, as opposed to herbaceous plants, have woody stems that stick up above the ground. Both deciduous and evergreen shrubs are available. They differ from trees in that they have more stems and are shorter, standing less than
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the u.s. federal government collects about a. three-fourths of the taxes in our economy. b. one-half of the taxes in our economy. c. two-thirds of the taxes in our economy. d. one-third of the taxes in our economy.
A tax cut indicates a drop in the amount of money the public sector makes. As labour incomes are where the most taxes are imposed, such revenue is collected from residents, particularly from those who earn salaries.The correct answer is three-fourths of the taxes in our economy.
According to supply-side economics, a tax cut improves the amount of disposable income that citizens actually receive because there are fewer reductions in their take-home pay. As more individuals will be prepared to work and those who are currently employed will be motivated to put more effort into their tasks, this will act as an incentive and increase work figures and productivity figures.Tax reductions will boost the economy and eventually increase tax income.The short-term expenses of a tax cut would be totally offset by the higher government revenue from a faster-growing economy, and a tax cut might actually raise overall revenue.
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which of the following are changes in accounting estimates? (select all that apply.) multiple select question. adoption of a new fasb standard. change in inventory costing method. change in useful life of a depreciable asset. change in estimate of periods benefited by intangible asset.
Changes to the pension plan's actuarial computations.
What have accounting estimations changed?
Accounting changes might take the form of certain accounting regulations, accounting forecasts, or auditor reports. Changes to the pension plan's actuarial computations. A change in the accounting estimate A shift in accounting principles refers to a modification of a method, such as switching from one depreciation method to another or from LIFO to FIFO stock valuation techniques.
In accrual basis accounting, estimates are utilized to increase the completeness of the financial statements by assuming typically unobserved but likely future events. These projections could later be updated when new data becomes available. Changes to the pension plan's actuarial computations. An estimate has a number of uses for the different stakeholders involved in the process. By doing so, he or she will be better able to decide if the assignment can be finished as suggested, needs to be modified, or has to be discontinued.
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Suppoe that the number of bacteria preent in a certain culture after t minute i given by the equation Q(t) = Q0 e0. 04t , where Q0 repreent the initial number of bacteria. How long would it take for the bacteria count to grow from 500 to 2000?
It takes the micro organism count 35 minutes to develop from 500 to 2000. The exponential characteristic is a mathematical characteristic denoted with the aid of using "> or }">} (wherein the argument x is written as an exponent).
The required details for exponential functions in given paragraph
How to decide the time to develop to the very last cost 2000?
The equation of the characteristic is given as
Q(t) = Q₀e⁰°⁰⁴ˣ
Also, we have:
A increase from 500 to 2000
This method that
Q₀ = 500 and Q(t) = 2000
Substitute Q₀ = 500 and Q(t) = 2000 in the equation Q(t) = Q₀e⁰°⁰⁴ˣ
So, we have
500e⁰°⁰⁴ˣ = 2000
Divide each facets with the aid of using 500
e⁰°⁰⁴ˣ = 4
Take the herbal logarithm of each facets
0.04t = ln(4)
This gives
0.04t = 1.3863
Divide each facets
t = 34.6575
Approximate
t = 35
Hence, it takes 35 minutes.
Unless in any other case specified, the time period normally refers back to the positive-valued characteristic of a actual variable, despite the fact that it is able to be prolonged to the complicated numbers or generalized to different mathematical items like matrices or Lie algebras. The exponential characteristic originated from the perception of exponentiation (repeated multiplication).
However cutting-edge definitions (there are numerous equal characterizations) permit it to be carefully prolonged to all actual arguments, including irrational numbers. Its ubiquitous incidence in pure and implemented mathematics led mathematician Walter Rudin to opine that the exponential characteristic is "the maximum vital characteristic in mathematics".
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one of the ways in which president nixon and his secretary of state henry kissinger tried to weaken communism was by
By fostering closer ties with the Soviet Union and the People's Republic of China at a time when tensions between those two communist countries were rising, President Nixon and his secretary of state Henry Kissinger attempted to undermine communism.
The strategy of President Richard Nixon attempted rapprochement with both countries, which were hostile to both the United States and one another. He departed from the conventional American strategy of containing Communism in the hopes that all parties would want American favor.
According to political science, Henry Kissinger invented triangle diplomacy as a technique of managing ties between the rival communist nations, the Soviet Union and China, during the Vietnam War (1955–1975).
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A BLANK products life cycle does not have the characteristic shape, but instead shows growth, decline, and then reemergence months, years, or even decades later.
There are no specific stages that are typically associated with a product life cycle, as each product is unique and may have different factors that affect its growth and decline.
What do we mean by Product life Cycle?
The product life cycle describes the stages that a product goes through from the time it is introduced to the market until it is removed from the market. Introduction, growth, maturity, and decline are four stages of a product's life cycle.Many products are still in their early stages of maturity. The product life cycle describes how a product progresses through five distinct stages: development, introduction, growth, maturity, and decline.
Instead, a blank product life cycle can be thought of as a graph that shows a product's sales and market share over time, with periods of growth and decline as well as periods of stagnation.
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a strategic alliance is a type of blank firms use to expand into the foreign market. multiple choice question. global licensing strategy global exporting strategy global entry strategy foreign direct investment
A strategic alliance is a type of global entry strategy firms use to expand into the foreign market. The correct answer would be option C.
A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which involves two companies pooling resources to form a new business organization, the arrangement is less intricate and legally enforceable.
A business could form a strategic alliance to increase its market share, enhance its product offering, or gain an advantage over rivals. The agreement enables two businesses to collaborate on a mutually beneficial project. The partnership could last a short while or be ongoing, and the contract could be formal or informal. Despite the fact that the strategic alliance may be informal, each member's duties are well-defined.
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when an instrument is payable only at a specific time designated in the future, this is known as a(n) .
When an instrument is payable only at a specific time designated in the future, this is known as a demand instrument.
What is a demand instrument?In finance, a demand instrument refers to any instrument where the holder of that instrument has a right to require the redemption of that instrument at any time before the date specified in terms of that instrument as the date of redemption of that instrument.
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this proposal is not without its critics, however. generally, what might be some of the concerns of this type of engineering strategy? check all that apply.
Since Sulphur dioxide after volcanic eruption will lead to increased amount of gas particles in the atmosphere which will increase. Technical specifications that outline the logic behind a certain solution to a given problem serve as the foundation of an efficient engineering strategy.
A "diagnostic and guiding policy" document is then graduated when a pattern becomes more obvious. Making decisions to achieve the bigger company vision is the focus of an engineering strategy. vision and strategy. Writing the vision and plan places the organisation on a road to reach the goal, one of atmosphere that may lead there. By thoroughly analysing the resources that are already available for a project, strategic planning assists project managers in making well-informed decisions by assessing, monitoring.
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operations are able to respond quickly to customers and changes in the environment in a decentralized organization because blank .
Operations are able to respond quickly to customers and changes in the environment in a decentralized organization because there are fewer managers that must be consulted before a decision is made.
Decentralized Organization. A shape wherein decision-making authority is delegated as a way down the chain of command as possible. -All massive corporations are de-centralized to a few extent. The fundamental downside of a decentralized business enterprise is that you lose manage over the everyday sports of your company.
Maybe “lose” is simply too sturdy a word, however you're ceding authority for your managers, this means that which you consider their instincts, skills, and talents. Decentralization in enterprise is whilst day by day operations and decision-making energy are delegated with the aid of using pinnacle control to middle-and lower-degree managers — and every so often even group members
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to compute cash flows from financing activities, accountants normally analyze changes in all of the following accounts except:
To compute cash flows from financing activities, accountants normally analyze changes in all of the following accounts except: Common stock, retained earnings, bond payable, notes payable but not interest payable.
The portion of a company's cash flow statement titled Cash flow from Financing Activities displays the net cash flows utilized to fund the business. Deeds including debt, equity, and dividends are examples of financing operations.
Add your dividends paid to the repurchase of debt and stock to get your cash flow from financing operations. Next, deduct the sum from cash inflows from issuing equity or debt to arrive at your cash flow from financing activities. Likewise, a cash flow statement has them.
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ezekiel agrees, for a certain fee, to serve as a private investigator for macy's and company, a new york retail establishment. to support a contract, the consideration exchanged by the parties must a. wisely priced. b. adequately considerate. c. equally valuable. d. legally sufficient.
To support a contract, the consideration exchanged by the parties must be d. legally sufficient.
In the field of business, a contract can be described as an official document that represents a bond or offer that has been made by two people, organizations,s or firms.
The considerations that are made inside the contract are legally sufficient for both parties to start the contract. Any kind of consideration that is made in the contract and is not followed will cause a case to be done against the person in the contract.
In the scenario mentioned in the question, the considerations that are made by Ezekiel and Macy's and the company should be legally sufficient.
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Robert Company purchased $100,000 of 8 percent bonds of Evergreen Corp. on January 1, 20x1, at $92,278. The bonds mature January 1, 20x16, and yield 10%. Interest is payable each July 1 and January 1. The market value on December 31, 20x1 was $92,500 and all bonds were sold for $93,300 on January 1, 20x2.Required: prepare journal entries on January 1, 20x1, July 1, 20x1, December 31, 20x1 and January 1, 20x2 assuming the bond investment is classified as(1) Held-to-Maturity(2) Trading(3) Available-for-SaleII. On November 1, 20x1, Bush Company issued 10% bonds with a face amount of $20 million. The bonds mature in 10 years. For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on April 30 and October 31. Bush is a calendar-year corporation.Required:(1.) Determine the price of the bonds at November 1, 20x1.(2.) Prepare the journal entry to record the bond issuance by Bush on November 1, 20x1.(3.) Prepare the journal entries (using the effective interest method):a. December 31, 20x1b. April 30, 20x2c. October 31, 20x2*Assume no reversing entry is recorded on January 1, 20x2.(4.) What would be the journal entry if all bonds are retired at 103 on May 1, 20x3 right after the third payment.
On January 1st, 20x1, Robert Company paid $92,278 for $100,000 of Evergreen Corp.'s 8% bonds that were available for sale. 12% is the market yield. Interest is paid on April 30 and October 31 of each year. Bush is a company with a calendar year. The right response is $4,556,500.
On December 31x1, Fox should declare $4,556,500.
Bonds are currently valued $4,580,000.
$50,000 Bonds are currently valued $4,530,000.
From July 1 to December 31, the discount is amortised over a six-month period: Bonds are currently valued $4,580,000.
$50,000 Bonds are currently valued $4,530,000.
From July 1 to December 31, the discount is amortised over a six-month period: Interest Income = $226.00 ($4,530,00% x 10% x 6/12)
In terms of interest-bearing quantities, $5,000,000 times 8% times six months is $200,000.
Interest revenue less interest due is equal to discounted interest.
Discount amortised is calculated as $226500 less $200000, or $2650.
As a result, $4,530,000 + $26,500 is the total that Fox must declare as of December 31, 2020, multiplied by one.
Thus, On December 31x1, Fox should declare $4,556,500.
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currency swaps are mostly used by stable market economies who hedge risk by using the continuity and relatively low volatility of exchange rate fluctuations over time.
Currency swaps are used to achieve foreign money loans at a higher hobby fee than an enterprise may want to achieve via borrowing without delay in a foreign marketplace or as a way of hedging transaction hazards on foreign forex loans that it has already taken out.
One of the primary functions of swaps is the hedging of risks. as instance, hobby fee swaps can hedge towards hobby fee fluctuations, and foreign money swaps are used to hedge towards currency trading rate fluctuations.
A switch is an agreement or a derivative settlement among two parties for an economic trade to be able to trade coin flows or liabilities. through a switch, one party guarantees to make a series of payments in trade for receiving any other set of bills from the second birthday celebration.
Hedging the forex hazard of developed countries can provide you with a slight superb or poor return over 10 years, plenty larger profits or losses over five years, or even extra so over one year. if you want to avoid all currency income or losses you need to comply with a strict hedging method and keep on with it.
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when sonya, who works for a toy manufacturer, ’visits a local toy store without an appointment to show the store owner the company’s new toys and games, this is an example of .
When Sonya, who works for a toy manufacturer, ’visits a local toy store without an appointment to show the store owner the company’s new toys and games, this is an example of cold calling.
A agency's income pressure includes its group of workers of salespeople. The function of the income pressure relies upon to a big volume on whether or not a agency is promoting at once to purchasers or to different businesses. In client income, the income pressure is generally worried without a doubt with taking and last orders.
A agency income pressure is composed of folks that are personnel of the promoting agency. Order taker. (An order taker is a salesclerk whose number one duty is to procedure recurring orders for products.
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knowledge check when investors doubt the creditworthiness of a borrower, what should happene to the price and yield of the bond
knowledge check when investors doubt the creditworthiness of a borrower, what should happen to the price and yield of the bond Prices go down, yield goes up.
An investor is a person who allocates monetary capital with the expectancy of a future return (earnings) or to advantage a bonus (interest).[1][2] thru this allocated capital most of the time the investor purchases some species of assets.[3] kinds of investments consist of equity, debt, securities, actual property, infrastructure, foreign money, commodity, token, derivatives consisting of placed and contact alternatives, futures, forwards, etc.
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5. that employers are reluctant to decrease nominal wages during economic downturns and raise nominal wages during economic expansions is one reason nominal wages are described as a. long-run. b. unyielding. c. flexible. d. real. e. sticky.
That employers are reluctant to decrease nominal wages during economic downturns during economic expansions is one reason nominal wages are described as a Sticky explanation .
How does an increase in nominal wages affect the overall supply?
A rise in nominal wages would result in lower production since the cost of labor, a crucial resource, would rise. As a result, the aggregate supply curve would turn left.
What will happen to the short-term price level, nominal wages, real wages, and output?Both output and price are on the rise in the short term. Nominal salaries, costs, and opinions will eventually change to reflect this new price level. The short-run aggregate-supply curve will move to the left as a result.
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a large publishing company contracts with a freelance writer for the task of copyediting a new manuscript, instead of hiring a full-time copyeditor. this is an example of:
This is an example of outsourcing.
A manuscript is a handwritten or typed file, especially a writer's first version of an e-book before it's far posted. He had seen a manuscript of the book. discovering an original manuscript of the tune in Paris. I'm thankful to him for letting me study his early chapters in the manuscript.
A manuscript is a handwritten or typed record, in particular, the author's first version of an ebook earlier than it is posted. A manuscript is a written, typed, or word-processed report submitted to a writer via the researcher. Researchers meticulously create manuscripts to talk their precise thoughts and clean findings to both the medical network and the majority.
The cause of the manuscript is to talk about how you conducted the work and the consequences received so that your target market can verify the veracity of the consequences and the realization.
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what number do you put for k in a savings annuity formula problem when you need to figure out how much money you need to deposit now
Annuity Formula
The yearly interest rate is represented by the decimal r. The number of compounding periods in a calendar year is k.
On a calculator, how do you calculate an annuity?Annuity versus perpetuity
Calculating Effective Annual Rates.
Formula. C is the cash flow per period, I is the interest rate, and n is the frequency of payments. The present value of an annuity is equal to C(1(1+i)(n)))/i.
Annuity with a tax benefit.
How do you figure out interest when solving an annuity problem?The equation A = P(1 + rt) is ultimately used to determine the interest rate in a regular annuity.
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under the world trade organization's most-favored nation rule: all import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. all import restrictions are illegal unless proven scientifically. most-favored nations can oppose the dumping of goods by any nation in their home market. most-favored nations can impose heavy tariffs on other nations.
Under the world trade organization’s most-favored nation is rule so the correct option is all import restrictions are illegal unless proven scientifically.
What are the World trade organization?The sole international body dealing with international trade regulations is the World Trade Organization (WTO). The WTO agreements, which were negotiated, signed, and ratified by the majority of the world's trading states, form its foundation. The World Commerce Organization, or WTO, is a global organisation whose main goal is to promote free trade for the good of all. The WTO's overarching goal is to support its members in using trade as a tool to enhance people's lives, raise living standards, and generate jobs. The WTO manages the world trade system and aids poorer nations in increasing their trade capability.
What are the major issues in world trade?Globalization, also known as global commerce and investment, is currently a shared market condition for all nations in the world. It does, however, not come without difficulties. The globe is currently confronting seven significant obstacles to international trade and investment.
Economic Conflict
Polarization and competing concerns pose a serious threat to globalisation. There are more conflicts happening around the world, large economic forces are gaining power, financial penalties are being used as a weapon, and the Internet is disintegrating. As a result, there may be a slowdown in the flow of goods, information, and services across international borders.
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a major tire manufacturer nearly did not reach agreement with one of its major unions last time over health care coverage and retirement provisions. the contract has 10 months to go before expiration, but both sides are hard at work on the new contract. the detroit free press had a lead article that health care would be further reduced under the new agreement. at noon, after the workers had read and discussed the matter, they walked off the job to demonstrate their dissatisfaction with the proposed management action. what kind of technique is being used?
In the above scenario the workers are using wildcat Strike technique by walking off the job to demonstrate their dissatisfaction with the proposed management action.
Wildcat strikes are actions conducted by workers to halt work without the approval of their respective unions. Although these strikes are frequently in violation of a collective bargaining agreement, they are not always unlawful. The term is based on the unpredictability and uncontrollability that are stereotypically associated with wildcats. Employers, the media, and the government frequently use these descriptors, not the workers themselves. Employers and the government have always questioned the legitimacy of strikes in general because they pose a threat to their dominance, power, and interests.
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beginning three months from now, you want to be able to withdraw $4,100 each quarter from your bank account to cover college expenses over the next four years. if the account pays .81 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? note: do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
$61,294.59 need to have in my bank account today to meet my expense needs over the next four years.
We must determine the Present Value of the Annuity, or the amount of money needed in the bank right now, in order to solve this problem. The following is the formula: Present value of annuity = Annuity x PVAF, where: Annuity = Quarterly withdrawal = $4,100.
PVAF, or present value annuity factor, is equal to 1-(1+r)-n/r, where r is the periodic rate and is equal to 0.0081, and n is the number of periods, which is 4 X 4 or 16 quarters.
We determine PVAF in this way: 1-(1+0.0081)-16/0.0081 = 14.9499.
To determine the annuity's Present Value, use the formula Annuity x PVAF = $4,100 X 14.9499 = $61,294.59.
A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization.
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Agnes Hammer is a senior majoring in management science. She has interviewed with several companies for a job when she graduates, and she is curious about what starting salary offers she might receive. She asked 12 of her classmates at random what their annual staring salary offers were, and she received the following responses
$28500 $35500
$32600 $36000
$34000 $25700
$27500 $29000
$24600 $31500
$34500 $26800
Compute the sample mean and sample variance for these data. (Please write down the calculation process)
Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of less than $27000? (For probability of normal distribution, please use the probability table posted on Blackboard)
Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of between $27000 and $40000 (meaning 27000<= salary <= 40000)? (For probability of normal distribution, please use the probability table posted on Blackboard)
Mean = 30516.67
Standard deviation, s = 3996.55P(x < 27000) = 0.0011518Step-by-step
explanation:
Given the data:28500 35500 32600 36000 34000 25700 27500 29000 24600 31500 34500 26800Mean, xbar = Σx / n = 366200 /12 = 30516.67
Standard deviation, s = [√Σ(x - xbar) / n-1]Using calculator, s = 3996.55
The ZSCORE = (x - mean) / s/√nZscore = (27000 - 30516.67) / (3996.55/√12)Zscore = - 3516.67 / 1153.7046Zscore = - 3.048P(x < 27000) = P(Z < - 3.049) = 0.0011518By standard deviation,
what do you mean?The term "standard deviation" (or "") refers to the degree of dispersion of the data from the mean. Data are grouped around the mean when the standard deviation is low, and are more dispersed when the standard deviation is high.
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when a foreman orders an assembly-line employee to carry out a task that the employee perceives as unethical, yet the employee feels compelled to do it because of the foreman's position, the foreman is exercising which type of power?
When a foreman orders an assembly-line employee to carry out a task that the employee perceives as unethical, yet the employee feels compelled to do it because of the foreman's position, the foreman is exercising legitimate power.
A lower-level management role that is largely centred on power over employees or a workplace is known as a foreman, lead, or lead position. A professor who supervises a PhD dissertation is an example of one of the most senior members of staff who can serve as a supervisor.
On the other side, supervision can be done by someone without this official designation, such as parents. Any employee who has this responsibility as part of their job description can be referred to by the word "supervisor" in its own right. Employees that are unable to do the aforementioned tasks lawfully are most likely not supervisors but fall under another category, such as work group leader or lead hand.
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kileau corp., a calendar tax-year s corporation, terminated its s corporation status on september 22, 2018 when it failed the shareholder requirements. what is the first date on which kileau can re-elect s status?
Kileau Corp. can re-elect S status on January 1, 2019.
According to the IRS, a corporation that terminates it's S corporation status can re-elect S status only " on the first day of the first taxable year following the taxable year in which the termination occurred." Since Kileau Corp. terminated it's S corporation status on September 22, 2018, the first day of the first taxable year following that termination is January 1, 2019.
Re-electing S Corporation Status: An OverviewS corporations are a special type of business entity that offer certain tax benefits to their shareholders. However, the requirements for maintaining S corporation status are complex and must be met in order for a company to continue to qualify for these benefits.
In some cases, a company may find that it has failed to meet the requirements for S corporation status, resulting in the termination of its status. When this occurs, the company may choose to re-elect S corporation status in order to take advantage of the tax benefits available to S corporations.
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Jack M. Balkin says that people and business entities act as information fiduciaries for each of the following scenarios. Which of the following is not one of the factors described in his vague formulation?
A. When businesses give people belief that they will not misuse personal information
B. When existing social norms or patterns of practice justify the trust people put in the business
C. When businesses hold themselves out as respecting privacy to gain trust
D. When people pay money and the business is required by law to protect the information
The right response is (b), i.e., when prevailing social standards or patterns of behavior support people's faith in the company.
What does Jack M. Balkin have to say regarding "information fiduciaries"?A fiduciary is a person or entity that has a legal duty to act honorably and in the best interests of another. Examples include the specialists and managers who look after our estates or finances. An information fiduciary is a person or business that transacts in information as opposed to money. Doctors, attorneys, and accountants are a few examples; they must keep our secrets private and are not allowed to use the information they learn about us negatively to our interests.
The law expects accountants, attorneys, and doctors to operate honestly since they are people we trust and know a great deal about. In the event that they fail to do so, they run the risk of having their legal practice license revoked and being sued by clients. In some cases, the law even protects them from being required to reveal the private information they have learned.
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The financial statements of Concord Manufacturing Company report net sales of $744600 and accounts receivable of $86000 and $16000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
42.2 days
50.0 days
7.8 days
25.0 days
The average collection period for accounts receivable in days is 25 days. The answer is D.
What is account receivable?It is the proceeds or payment which the company will receive from its customers who have purchased its goods and services on credit. Usually the credit period is short ranging from few days to months or in some cases maybe a year.
How to calculate average collection period for accounts receivable in days
= 365 / average account receivable turnover ratio
Average account receivable turnover ratio
= net credit sales / average account receivable
= $744,600 / ((86,000 + 16000)/2)
= 744,600 / 51,000
= 14.6
Average collection period for account receivable in days
= 365 / 14.6
= 25 days
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you are a contractor working on a 10-story condominium in ballard, wa that covers 5 acres. describe the elements required to be included in the stormwater pollution prevention plan (swppp) narrative
The SWPPP must include a description of each BMP put in place at the construction site, as well as a narrative evaluation of all areas of construction activity and possible sources of construction pollution that are expected to occur there.
What is swapp Narative?
By controlling facilities that release water pollutants, an SWPPP aids the Environmental Protection Agency (EPA) in maintaining and enhancing water quality. Due to the possibility that compost leachate might have significant concentrations of phosphorus or other contaminants, these pollutants are of concern.
Certain firms receive assistance from the Planning Program to reduce dangerous chemicals at their source, reduce the production of hazardous waste, and stop the release of pollutants into the environment. It outlines how we should safeguard and manage the sustainability of resources, air quality, water quality, and ecosystems, all of which are directly related to humanity's future. Additionally, it aids in avoiding any environmental harm brought on by technology growth.
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a binding price floor in a market is removed. which of the following is likely to occur as a result? the supply of the item will rise. the market price will fall. the demand for the item will fall. the market price will rise.
The market experiences surplus supply when a binding price floor is implemented. In other words, there is more supply than demand. If the price floor is lifted, the market price begins to decline and will do so until it reaches the equilibrium level.
It is forbidden to purchase and sell at the equilibrium price or any other price that is lower than the price floor when there is a binding price floor. Non-binding price floors are those that are set below the equilibrium price.
There will be no change in the cost or availability of the product on the legal market. There may be a shortage if the supply is insufficient to meet demand if the price ceiling is set below the equilibrium price.
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