Answer:
Major goals specify what an organization seeking to achieve
d/in the long term only
Explanation:
Major organizational goals are usually broad and company-wide goals, focused on the long-term. These goals are further broken down into manageable unit goals that have medium to short-term durations. In short, major goals are strategic in nature and may embrace the overarching purposes for setting up the organization in the first place.
Jonas has been assigned to work with a team at Falk Enterprises, Inc. Jonas has supervised this team in the past, and they have always failed to produce results on time. One of the difficulties previously cited by the team was confusion over the roles each team member played. Discuss some the possible roles each of these team members could play and some steps Jonas could take to avoid frustration and delay with this project.
Answer:
There should be defined roles of all the team members and they should know their responsibilities.
Explanation:
Jonas should clearly assign tasks of the project to his team members and each member should be accountable for his task. Jonas should teach his team about the significance of time management and therefore task must be completed before deadlines. Each member of the team must have defined responsibilities and roles.
define capital economics.
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Answer:
In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. ... Capital goods, real capital, or capital assets are already-produced, durable goods or any non-financial asset that is used in production of goods or services
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Answer:
In economics, capital consists of human-created assets that can enhance one's power to perform economically useful work. Capital goods, real capital, or capital assets are already-produced, durable goods, or any non-financial asset that is used in the production of goods or services.
Explanation:
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What is product positioning?
Answer:
Positioning refers to the place that a brand occupies in the minds of the customers and how it is distinguished from the products of the competitors and different from the concept of brand awareness
Explanation:
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what is a bond? in your own words. financially.
Answer: to me a bond is a very close friendship that is official and that is well known to the world
Explanation:
Renaissance Gallery converts photographs to portraits via a tedious hand painting process. Costs are tracked for each painting, with gallery overhead being applied at 130% of direct labor cost.
Renaissance Gallery began June with one job in process. This job related to the Price Wedding photo, and beginning work in process included total costs of $15,500 (direct labor, direct material, and applied overhead).
During June, four new jobs were begun. These consisted of the Ramirez family portrait, the Oberweiss farm photo, the Ravenwood big fish picture, and the Zhang baby picture. The only job remaining in process at the end of June was the Ravenwood big fish picture.
To date, $14,000 in direct labor and $4,400 of direct materials had been committed to the Ravenwood job.
Total direct labor incurred on all jobs during June was $70,100 Total direct material incurred on all jobs during June was $12,700.
(a) Compute the ending work in process inventory balance and the total cost assigned to finished jobs.
A. Ending work in process 36,820
Total costs assigned to finished goods 152,960
B. Ending work in process 36,580
Total costs assigned to finished goods 152,760
C. Ending work in process 46,600
Total costs assigned to finished goods 172,830
D. Ending work in process 36,600
Total costs assigned to finished goods 152,830
E. Ending work in process 36,420
Total costs assigned to finished goods 152,940
F. None of the above
Answer:
Renaissance Gallery
The ending work in process inventory balance and the total cost assigned to finished jobs:
F. None of the above
Explanation:
a) Data and Calculations:
Overhead application rate = 130%
Beginning work in process
(Price Wedding Photo) = $15,500
Direct labor costs incurred on
all jobs during June 70,100
Direct materials costs in June 12,700
Total cost incurred to date = $98,300
Ending work in process:
Direct labor $14,000
Direct materials 4,400 $18,400
Cost assigned to finished $79,900
jobs
Identify five typical users of accounting information
Answer:
Owners,and stockholders, directors,officers, internal departments
Explanation:
Which of the following will increase supply of ice cream, a normal good?
A) An increase in the number of restaurants selling ice cream
B) An increase in the cost of milk, a key ingredient in ice cream
C) An increase in the price of cones used to serve ice cream
D) An increase in consumers’ income
E) A tax increase on ice cream distributors
The first step in assessing industry attractiveness is to paint a picture of the industry at the macro level. Market research firms, like MELT, can help develop effective business research and offer strategies for conducting it. Which of the following is NOT one of the six foundational macro forces that create change in industries and the markets they serve?
a. economic
b. demographic
c. global
d. technological
e. sociopolitical
Answer:
c. global
Explanation:
The organizational macroenvironment is composed of a group of agents external to the organizational environment that directly impact on business.
The six fundamental macro forces that create changes in the sectors and markets they serve are economic, demographic, technological, socio-political, socio-cultural and ecological forces.
It is necessary for organizations to know their macroenvironment, because through this analysis it is possible to identify threats and opportunities and thus remain competitive and well positioned in the market.
Based on the Taylor Rule use the following information to calculate the target federal funds rate.
Variable Value
Target inflation rate 2 percent
Current inflation rate 1 percent
Real equilibrium federal funds rate 2 percent
Output gap 10 percent
Answer:
8.0 %
Explanation:
inflation gap = 3 - 2 = 1
=3 + 2 + (.5 x 1) + (.5 x 5)
= 8.0
According to the Taylor Rule, target federal funds rate is 8%.
What is the Taylor Rule?A targeting rule for monetary policy is the Taylor rule. American economist John B. Taylor suggested the rule in 1992 as a tool for central banks to employ in order to stabilize economic growth by appropriately fixing short-term interest rates. The rule takes into account changes in real income, the level of prices, and the federal funds rate.
In accordance with the rule, the federal funds rate should be higher when inflation is greater than the Fed's inflation objective and lower when inflation is lower.
By following the Taylor principle, inflation-inducing shocks—whether they are supply or demand shocks—raise real interest rates because nominal rates grow more rapidly than inflation, which lowers production and controls inflation while maintaining economic stability.
inflation gap = 3 - 2 = 1
=3 + 2 + (.5 x 1) + (.5 x 5)
= 8.0
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When gathering information which of the following task might you need to perform
Answer:
take notes, research that information
differentiate between Central Banks and other banks
Commercial banks serve individuals and businesses, while central banks serve the country's banking system. They provide money transfers back and forth between banks and governmental institutions both domestically and in cases of transactions with foreign entities.
What are the three main forms of legal ownership of a business
A survey conducted recently in China showed that in the last two years, Investments in the businesses increased by almost 75%. The same survey also concluded that people became wealthy by investing in businesses, and this motivated other people to invest more in their respective businesses. What most likely triggered this increases in investment?
what is a bond? in your own words. economics.
Answer:
A bond is a fixed income instrument that represents a loan made by an investor to a borrower bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments.
Explanation:
Your company is considering a new project opportunity. It would need to immediately invest $220. In return, in the next 4 years it will receive the following amounts of money: In 1 year: $80 In 2 years: $70 In 3 years: $50 In 4 years: $60 The required annual rate of return is 5%.
The Internal Rate of Return for this project is:_______
Answer:
7.54 %
Explanation:
Year 0 = - $220
Year 1 = $80
Year 2 = $70
Year 3 = $50
Year 4 = $60
I /yr = 5%
Internal Rate of Return for this project is 7.54 %
Making sure that enough cash is on hand to pay bills as they come due and to meet unexpected expenses is called cash:
capitalization
management
maintenance
targeting
administration
Answer:
Managment
Explanation:
Making sure that enough cash is on hand to pay bills as they come due and to meet unexpected expenses is called cash management. Therefore Option C is correct.
What is Cash Management?The daily management of managing cash inflows and outflows is referred to as cash management in a banking institution. It is necessary to manage the numerous monetary transactions that occur every day. The main objectives of cash management are to increase liquidity and decrease funding costs.
Both "Cash Management" and "Treasury Management" are terminology for specific cash flow-related services in the banking industry. Despite the fact that these phrases are frequently used interchangeably, Treasury Management includes a company's financial and investing activities.
Cash management is a crucial element in establishing and maintaining a company's financial stability. Whether you're an individual or a business, "cash" is the main asset needed to cover obligations, so it needs to be managed carefully to maximize profits.
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Multiple Select Question
Select all that apply
The parts of the process cost summary include: (Check all that apply.)
cost assignment and reconciliation.
equivalent units of production.
cost charged to each job.
costs charged to departments.
Need help? Review these concept resources.
Answer:
Cost assignment and reconciliation
Physical flow of units
Equivalent units of production
The parts of the cost summary include the cost assignment and reconciliation. The cost charged to each job and the equivalent units of production. Hence the option A, B, and C are correct.
What is a cost summary ?The cost summary is one that is used to estimate the cost and is based on the cost-benefit analysis. The summary tells us about the assignment and reconciliation of the costs and costs that are charged for each job. It also tells us about the equal units of production.
Find out more information about the cost summary.
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What are some potential positive outcomes of filing for bankruptcy?
Answer:
An automatic stay against creditors. Once you file, the court automatically issues this stay against any and all debt collection activity.
Dischargeable debts.
Bankruptcy exemptions might allow you to maintain ownership of your property after bankruptcy.
Credit Score.
Whether it is proactive or reactive, organizational change is inevitable. Unfortunately, people don’t always like change and tend to be resistant to it. This activity is important because managers need to understand what to expect from employees in terms of their resistance to change in order to better manage workers through the change process.
The goal of this exercise is to challenge your knowledge of the ten reasons people resist change. First, read each of the statements that depict an example of something related to an organizational change. Then, click and drag each statement to the reason for change resistance that it best depicts.
1. Your manager ensures you the change won't alter your salary, but you worry he'll only look out for himself.
2. Your work colleague is upset about a change to the department, therefore you resist the change, too.
3. New procedures are vastly different from old ones, and you aren't sure you can learn them.
4. You worry that recent technology changes may eliminate the need for your managerial position.
5. The organization implements massive structural changes with no explanation.
6. A notoriously unlikeable manager delivers the news of a change.
7. Your boss suddenly and without warning announces her re-signation and replacement.
8. Five close members of a department are re-assigned and are no longer part of the same work group.
9. You immediately resist an organizational change because you have a deep fear of change.
10. All employees now must work two extra hours per week with no additional pay.
A. Individuals' Predisposition Toward Change.
B. Surprise and Fear of the Unknown.
C. Climate of Mistrust.
D. Fear of Failure.
E. Loss of Status or Job Security.
F. Peer Pressure.
G. Disruption of Cultural Traditions or Group Relationships.
H. Personality Conflicts.
I. Lack of Tact or Poor Timing.
J. Non-reinforcing Reward Systems.
Answer:
Organizational Change and Reasons for Resistance
Example Reason for Change Resistance
1. C. Climate of Mistrust.
2. F. Peer Pressure.
3. D. Fear of Failure.
4. E. Loss of Status or Job Security.
5. I. Lack of Tact or Poor Timing.
6. H. Personality Conflicts.
7. B. Surprise and Fear of the Unknown.
8. G. Disruption of Cultural Traditions or Group Relationships.
9. A. Individual's' Predisposition Toward Change.
10. J. Non-reinforcing Reward Systems.
Explanation:
1) Reasons for resisting change:
A. Individual's' Predisposition Toward Change.
B. Surprise and Fear of the Unknown.
C. Climate of Mistrust.
D. Fear of Failure.
E. Loss of Status or Job Security.
F. Peer Pressure.
G. Disruption of Cultural Traditions or Group Relationships.
H. Personality Conflicts.
I. Lack of Tact or Poor Timing.
J. Non-reinforcing Reward Systems.
Which tax withholding is required by the federal government?
_____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
what are the consequences of unemployment
Answer:
The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health ...
Explanation:
unemployment has cost to a society that are more than just Financial unemployed individuals not only lose income but also faced challenges to their physical and mental health
what is commercial bank? in your own words.
Answer:
a commercial Bank is a type of banks that provide services such as accepting deposits making business loan etc
Explanation:
Which of these is not one of the basic functions of the management process?
Answer:.
Explanation:
Al is a medical doctor who conducts his practice as a sole proprietor. During 2013, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2012. At the end of 2013, Al had accounts receivable of $60,000, all for services rendered in 2013. In addition, at the end of the year, Al received $12,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2014.
Compute Al's gross income for 2013:
a. Using the cash basis of accounting.
b. Using the accrual basis of accounting.
c. Advise Al on which method of accounting he should use?
Answer:
a. Cash basis
This recognizes revenue and expenses only when cash been received or spent.
Gross income for 2013 = Cash received for medical services + Advance payment
= 280,000 + 12,000
= $292,000
b. Accrual basis
This recognizes only revenue and expenses incurred in a period, regardless of if cash is paid or not.
Gross income for 2013 = Cash received for medical services - Cash received for medical services provided in previous periods + Accounts receivable
= 280,000 - 40,000 + 60,000
= $300,000
c. Use CASH BASIS OF ACCOUNTING
From a taxation point of view, using the cash basis would be more beneficial as Al will pay a less amount of tax as it is a lower income.
He will also be sure of the cash received unlike Accrual that recognizes Accounts receivable which have a chance of not being collected.
Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating the technology used to produce the paper goods her company sells. Sales have been increasing and are currently around 7,000 tons per year. She has identified the following potential options: Alternative 1 - Use the current technology with annual fixed costs of $10,000 and variable costs of $10 per ton. Alternative 2 - Update the current technology resulting in annual fixed costs of $20,000 and variable costs of $8 per ton. Alternative 3 - Adopt the latest technology resulting in annual fixed costs of $40,000 and variable costs of $6 per ton. 31. The two relevant cross-over volumes (those volumes at which you would shift from one process to another)
A) 5,000 & 7,000
B) 7,000 & 10,000
C) 5,000 & 10,000
D) 7,500 & 10,000
Which alternative would you recommend, and why?
A) Alternative 1
B) Alternative 2
C) Alternative 3
D) Any of the above
Answer:
31. B) 7,000 & 10,000
32. B) Alternative 2
Explanation:
Volume is 7000 tons :
Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000
Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000
Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000
Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.
what is commercial bank? in your own words.
define default economics.
Answer:
Default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments.
Explanation:
Answer:
the failure to repay a debt
Explanation:
the failure to repay a debt
A batch of 100 parts contains 6 defects. If two parts are drawn randomly one at a time without replacement, what is the probability that both parts are defective?
A MAIN reason cited by American businesses for outsourcing jobs to other countries is the high cost of
A. labor in the United States.
B. building factories.
С. training new workers.
D. shipping products around the world.
Answer:
The correct answer is A. A main reason cited by American businesses for outsourcing jobs to other countries is the high cost of labor in the United States.
Explanation:
Outsourcing means separating from the organizational structure of the enterprise some functions performed by them independently and transferring them to other entities for execution. This decentralization process is very evident in American companies that produce manufactured goods, which place the primary production processes in other countries such as China, Mexico or Vietnam, among others, to produce their products at a lower cost, given the lower costs. labor (lower wages, lower taxes, less expensive regulations, etc.).
Answer:
The answer is A for E2020
Explanation:
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