If the Fed pays no interest on bank reserves, and the reserve requirement is 11%, the banks would lose 7.70 on every 1,000 in deposits in forgone interest (after rounding to the nearest two decimal place).
This is because the reserve requirement is the percentage of deposits that banks are required to hold in reserve, which means they cannot lend that portion of the deposits and earn interest on it.
At an interest rate of 7%, the forgone interest on the reserve requirement is calculated as follows:
Reserves = Deposit × Reserve
Requirement= 1,000 × 11% = 110
Forgone Interest = Reserves × Interest Rate= 110 × 7% = 7.70
Banks would lose 7.70 on every 1,000 in deposits in forgone interest due to the reserve requirement (after rounding to the nearest two decimal place).
If the interest rate on loans increases, then the opportunity cost of the reserves would also increase.
This is because banks would be able to earn more on loans than they would by holding reserves, making the opportunity cost of holding reserves higher.
To know more about deposits visit :
https://brainly.com/question/22697743
#SPJ11
The possibility of losing an investment because of the rise in
an interest rate is known as what?
1.Interest rate risk
2.Market risk
3.Systematic risk
4.Reinvestment rate risk
The possibility of losing an investment because of the rise in an interest rate is known as interest rate risk.
Interest rate risk is the risk of an investment losing value as a result of changes in interest rates. When interest rates increase, the value of fixed-income securities, such as bonds, falls. The risk that interest rate fluctuations will cause a security to lose value is referred to as interest rate risk. The risk that an investment's value will fluctuate as a result of changes in market interest rates is known as interest rate risk. When interest rates rise, bond prices fall, and vice versa, making interest rate risk a significant concern for bond investors.
Market risk is the risk that arises from changes in market prices or rates. In financial markets, this refers to the risk of a decline in the value of financial instruments such as bonds, equities, or currencies. This risk arises from a variety of factors such as economic conditions, political events, and changes in market sentiment. Systematic risk, on the other hand, refers to the risk that affects all firms in a particular market sector or the market as a whole. Reinvestment rate risk is the risk that arises from reinvesting cash flows from fixed-income securities such as bonds at a lower rate than the original investment.
To know more about the investment, visit:
https://brainly.com/question/30529793
#SPJ11
1. The following behavior is an example of ethical consideration within business relationships: A. Keeping company secrets. B. Avoiding obligations. C. Shirking responsibilities. D. Setting a poor example for others. 2. Which of the following is NOT TRUE regarding the advantages of E-Commerce? A. Be a self-reliant B. Removes barriers of global trading C. Low operational costs and better services D. No need of physical company set-ups 3. Which one are NOT the characteristics of successful entrepreneur? A. Creative B. Laziness C. Independent D. Organizing and planning 4. Below are the unsuccessful entrepreneur, EXCEPT I. Poor managers II. Creative and innovative III. Inefficient IV. Position themselves in shifting or new markets A. I and II B. II and III C. III and IV D. II and IV 5. Which from the following are the prominent entrepreneurial values A. Objectivity B. Respect for work C. Enjoying the change D. Positive mental attitude
1. A. Keeping company secrets. Keeping company secrets is an example of ethical consideration within business relationships.
Keeping the confidentiality of the organization, its workers, customers, and any other sensitive information.2. D. No need of physical company set-upsE-commerce enables organizations to connect to the global marketplace, expand their customer base, and reduce operational expenses.
However, physical set-ups are still required for storage and distribution, even though they may not be in the traditional sense of a physical retail establishment.3. B. LazinessLaziness is not one of the characteristics of a successful entrepreneur.4. D. II and IV
Creative and innovative are characteristics of successful entrepreneurs, and they position themselves in shifting or new markets. Poor management and inefficiency are characteristics of unsuccessful entrepreneurs.5.
A. Objectivity, B. Respect for work, C. Enjoying the change, and D. Positive mental attitude are the prominent entrepreneurial values.
To know more about secrets visit:
https://brainly.com/question/33292633
#SPJ11
Cherry Banana Inc. (Banana) is a publicly traded company that manufactures fruity beverages. During the current year, Banana decided to add a series of mango-flavored beverages to its current product line. Management anticipated that the costs associated with developing the new product line and ramping up production would be significant. In an effort to defray some of the costs and manage the risk associated with the new product line in 2010, Banana identified a partner, Berry Inc. (Berry), and together they created a separate legal entity, Cherry LLC (Cherry), and entered into a joint venture arrangement. Berry is a publicly traded subsidiary of international conglomerate Berry Cherry Inc., a privately held corporation with significant cash reserves. Berry and Banana are unrelated parties. Banana Inc.
Contributes intellectual property with a fair value of $60 million and $20 million in cash.
Receives 80% of common stock.
50% vote. Cherry LLC (Joint Venture) Key terms of the joint venture arrangement are as follows:
Banana contributed intellectual property with a fair value of $60 million, plus cash of $20 million, in return for 80 percent of the common stock of the joint venture. The contributed intellectual property consisted of certain license agreements acquired by Banana in a business combination during fiscal year 2003. The license agreements had been recorded at fair value at the time of the business combination.
Berry contributed $20 million in cash in return for 20 percent of the common stock of the joint venture and an agreement to be the exclusive supplier of all software and hardware used in the manufacturing process. Berry Inc.
Contributes $20 million.
Receives 20% of common stock and right to supply all software and hardware used in the manufacturing process.
50% vote. Copyright 2004 © Deloitte Development LLC All Rights Reserved. Case 05-3: Cherry Page 2
Earnings and losses of the joint venture are allocated 80 percent to Banana and 20 percent to Berry.
The board of directors is responsible for directing all of the significant activities of the entity including the approval of operating budgets, marketing and sales plans, capital requirements, and distribution channels. Each partner has an equal vote on all matters involving the venture and equal representation on the board of directors. The board of directors has four positions; Banana designates two, while Berry designates the other two. In the event that the two parties cannot reach an agreement on an issue requiring a board vote, an independent arbitrator will be used to resolve the conflict.
Embedded in its equity interest, Berry has an option to put its investment in Cherry common stock back to Cherry for the greater of $20 million or appraised value after two years. The option expires after year five.
In the event that either joint venture member chooses to sell a portion, or all, of its ownership interest, the other member has the right of first refusal to acquire the available interest.
Cherry expects losses of $20 million.
Cherry sells its product directly to end customers. Additional Facts:
Each entity has all the requisite information to determine whether it is a variable interest.
There are no other arrangements that give Banana or Berry power beyond the stated agreement. In anticipation of filing its year-end financial statements, Banana reviewed the joint venture arrangement and determined that consolidation of Cherry was not required.
Cherry Banana Inc. (Banana) is a publicly traded company that manufactures fruity beverages. During the current year, Banana decided to add a series of mango-flavored beverages to its current product line.
Management anticipated that the costs associated with developing the new product line and ramping up production would be significant. In an effort to defray some of the costs and manage the risk associated with the new product line in 2010, Banana identified a partner, Berry Inc. (Berry), and together they created a separate legal entity, Cherry LLC (Cherry), and entered into a joint venture arrangement. Berry is a publicly traded subsidiary of international conglomerate Berry Cherry Inc., a privately held corporation with significant cash reserves. Berry and Banana are unrelated parties.
Banana contributed intellectual property with a fair value of $60 million, plus cash of $20 million, in return for 80 percent of the common stock of the joint venture. Berry contributed $20 million in cash in return for 20 percent of the common stock of the joint venture and an agreement to be the exclusive supplier of all software and hardware used in the manufacturing process.
Earnings and losses of the joint venture are allocated 80 percent to Banana and 20 percent to Berry. The board of directors is responsible for directing all of the significant activities of the entity including the approval of operating budgets, marketing and sales plans, capital requirements, and distribution channels.
To know more about costs visit:
https://brainly.com/question/17120857
#SPJ11
refer to the information provided above. what amount will erin have to invest to give her a one-fourth interest in the capital of the partnership if no goodwill or bonus is recorded?
$45,000, amount will Erin have to invest to give her a one-fourth interest in the capital of the partnership if no goodwill or bonus is recorded. Thus, option (c) is correct.
To divide the partnership's total capital into four equal portions. With Katy's capital at $40,000 and Jacob's capital at $140,000, the combined capital is $180,000.
$180,000 - ($140,000 + $40,000) = $180,000 - $180,000 = $0 represents the difference between the total capital and the sum of Jacob and Katy's capital.
Erin needs to contribute $45,000, or one-fourth of the partnership's entire capital, to give her a one-fourth interest in the capital.
Therefore, option (c) is correct.
Learn more about on goodwill, here:
https://brainly.com/question/33701062
#SPJ4
Your question is incomplete, but most probably the full question was.
In the JK partnership, Jacob's capital is $140,000, and Katy's is $40,000. They share income in a 3:2 ratio, respectively. They decide to admit Erin to the partnership. Each of the following questions is independent of the others.
Refer to the information provided above. What amount will Erin have to invest to give her a one-fourth interest in the capital of the partnership if no goodwill or bonus is recorded?
$50,000
$60,000
$45,000
$66,000
What do you think Adam Smith might have meant by the
statement , money is a veil.
Adam Smith, an eminent economist from Scotland, is one of the most prominent names in economics history. He is widely regarded as the founder of economics as a distinct academic discipline.
Adam Smith's “Wealth of Nations” is a classic text that provides us with a detailed analysis of the industrial revolution's economic and social effects. The book covers the topics of economic growth, trade, productivity, and living standards.Adam Smith's statement "Money is a veil" is a controversial one that has been discussed by many economists and scholars.
Adam Smith's theory is that money is just a medium of exchange, and it does not have any intrinsic value of its own. According to Adam Smith, money is only a veil that covers the underlying economic activity that creates the actual wealth of a nation.The statement "Money is a veil" means that people tend to focus on the value of money rather than the underlying economic activity that creates the wealth of a nation.
Money is only a representation of the real wealth, and it is not wealth itself. Smith's theory implies that it is the underlying economic activity that creates the wealth, not the money used to represent it. In this way, Smith was able to distinguish between real and nominal values in economics.
In conclusion, Adam Smith's statement "Money is a veil" means that money is only a medium of exchange and does not have any intrinsic value of its own.
To know more about Scotland visit:
https://brainly.com/question/29537867
#SPJ11
Which of the following needs can be addressed primarily through crowdsourcing?
a. A company wants to procure a library of freely downloadable photographs for its photo app.
b. A company wants to increase profits by raising subscription fees to its video streaming app.
c. A company wants to reduce waste in its manufacturing process by working with a single vendor.
d. A company wants to raise funding to support expansion of its product lines.
Crowdsourcing can primarily address the need for a company to raise funding for the expansion of its product lines by engaging a large group of individuals to contribute financial support through crowdfunding. Option D.
Crowdsourcing is a method of obtaining ideas, services, or funds from a large group of people, often through an online platform.
It taps into the collective intelligence and resources of a crowd to address specific needs or challenges. In the case of raising funding for expansion, crowdsourcing can be an effective approach.
Crowdfunding, a specific form of crowdsourcing, enables companies to raise funds by soliciting contributions from a large number of individuals.
Through crowdfunding platforms, companies can present their expansion plans, showcase their products or services, and invite people to make monetary contributions in exchange for rewards or shares in the company.
This approach allows companies to reach a wide audience and engage potential investors who may be interested in supporting their growth. It provides an opportunity to gather financial support from individuals who believe in the company's vision and are willing to contribute funds to help make it a reality.
By leveraging the power of the crowd, companies can access capital without relying solely on traditional methods like bank loans or venture capital.
Crowdsourcing funding provides a democratic and inclusive approach, allowing even small investors to participate and support the company's expansion. So Option D is correct.
For more question on Crowdsourcing visit:
https://brainly.com/question/30165694
#SPJ8
what are the three primary ways a product can be sold globally?
There are three primary ways a product can be sold globally: Direct sales: This involves selling products directly to customers in other countries through your own website or online store.
You can also sell directly to customers through your own sales team or through distributors or resellers. E-commerce marketplaces: This involves selling products on online marketplaces like Amazon, eBay, or Alibaba. These marketplaces have a global reach, so you can reach customers in many different countries. Dropshipping: This involves selling products without having to carry any inventory. When a customer orders a product from you, you simply place the order with a supplier who then ships the product directly to the customer. This is a great way to sell products globally without having to invest in inventory or shipping.
These are just a few of the ways a product can be sold globally. The best way for you to sell your product will depend on your specific product, target market, and budget.
Learn more about globally here:
https://brainly.com/question/30331929
#SPJ11
during the year, martin corporation sold an investment in bonds issued by another company for $21,000. those bonds had a cost of $20,000. martin also purchased the common stock of another company for $10,000. which of the following is the net cash provided by (used in) investing activities?
The net cash provided by (used in) investing activities can be determined by looking at the cash flows related to the sale of bonds and the purchase of common stock. To calculate the net cash, we will consider cash inflow from the sale of bonds and the cash outflow from the purchase of common stock.
In this case, Martin Corporation sold bonds issued by another company for $21,000. Since this represents a cash inflow, we add this amount to the net cash provided by (used in) investing activities.The bonds had a cost of $20,000, which means Martin Corporation originally paid $20,000 to acquire them. Since the sale price exceeds the cost, there is a gain of $1,000 ($21,000 - $20,000). However, this gain is not considered in the calculation of net cash provided by (used in) investing activities.
Additionally, Martin Corporation purchased common stock of another company for $10,000. Since this represents a cash outflow, we subtract this amount from the net cash provided by (used in) investing activities.Therefore, the net cash provided by (used in) investing activities in this scenario would be $21,000 - $10,000 = $11,000.To summarize: Cash inflow from the sale of bonds: $21,000. Cash outflow from the purchase of common stock: $10,000.Net cash provided by (used in) investing activities: $11,000.
To know more about cash flows visit:
https://brainly.com/question/27994727
#SPJ11
Describe the important aspects in developing a successful
Service Recovery Management Program and give examples.
A successful Service Recovery Management Program should be developed with the objective of improving the customer experience and rebuilding their trust in the company.
Here are some important aspects to consider in developing such a program:
1. Clear Policies and Procedures should be established to ensure consistency and fairness in the service recovery process. These policies should include guidelines on how to handle different types of complaints and what compensation options are available.
2. Empowerment of Employees to resolve customer complaints on their own can help improve customer satisfaction. The employees should have the necessary tools and training to handle complaints quickly and effectively. They should also have the authority to offer appropriate compensation to customers
.3. Timely ResponseTime is of the essence when it comes to service recovery. Customers expect a quick response and resolution to their complaints. A prompt response can help prevent the situation from escalating and retain the customer's loyalty.
4. Continuous Improvement Service recovery should be seen as an ongoing process and not a one-time event. Companies should regularly assess their service recovery practices and seek feedback from customers to identify areas for improvement. Examples of a successful Service Recovery Management Program are: Apple’s “Genius Bar” service is an example of a successful service recovery program. Apple empowers its employees to solve customer problems on the spot, providing customers with quick resolutions to their issues and improving their overall experience. Another example is Southwest Airlines, which has a clear policy on how to handle different types of complaints and provides its employees with the necessary tools and training to resolve issues promptly.
Learn more about Service Recovery Management Program-
https://brainly.com/question/15580877
#SPJ11
A successful Service Recovery Management Program should be developed with the objective of improving the customer experience and rebuilding their trust in the company.
Here are some important aspects to consider in developing such a program:
1. Clear Policies and Procedures should be established to ensure consistency and fairness in the service recovery process. These policies should include guidelines on how to handle different types of complaints and what compensation options are available.
2. Empowerment of Employees to resolve customer complaints on their own can help improve customer satisfaction. The employees should have the necessary tools and training to handle complaints quickly and effectively. They should also have the authority to offer appropriate compensation to customers
3. Timely ResponseTime is of the essence when it comes to service recovery. Customers expect a quick response and resolution to their complaints. A prompt response can help prevent the situation from escalating and retain the customer's loyalty.
4. Continuous Improvement Service recovery should be seen as an ongoing process and not a one-time event. Companies should regularly assess their service recovery practices and seek feedback from customers to identify areas for improvement. Examples of a successful Service Recovery Management Program are: Apple’s “Genius Bar” service is an example of a successful service recovery program. Apple empowers its employees to solve customer problems on the spot, providing customers with quick resolutions to their issues and improving their overall experience. Another example is Southwest Airlines, which has a clear policy on how to handle different types of complaints and provides its employees with the necessary tools and training to resolve issues promptly.
Learn more about Service Recovery Management Program-
brainly.com/question/15580877
#SPJ11
A bond has a maturity of 12 years, a duration of 9.5 years at a promised yield rate of 8%. What is the bond's modified duration?
A bond has a maturity of 12 years, a duration of 9.5 years at a promised yield rate of 8%.
The bond's modified duration is 8.81.
Modified duration is an extension of Macaulay's duration,
which is used to calculate the duration of fixed-income securities.
Modified duration calculates the sensitivity of a bond's price to changes in interest rates.
The modified duration formula is:
Modified duration = Macaulay duration / (1 + yield to maturity / number of coupon payments per year)
Where:
Macaulay duration is the weighted average time to receive all cash flows (coupon payments and principal repayment) of a bond.
Yield to maturity is the rate of return expected on a bond
A bond's promised yield rate is given as 8%.
The number of coupon payments per year can be determined as 2 because the bond matures in 12 years.
Hence,
the bond has 24 coupon payments,
payments per year.
The Macaulay duration is 9.5 years.
Modified duration = 9.5 / (1 + 0.08 / 2)
Modified duration = 8.81
the bond's modified duration is 8.81.
To know more about maturity visit:
https://brainly.com/question/28265519
#SPJ11
One business owner (mr. alex) asks your assistance on various Islamic financial instruments as well as conventional financial products for his firm in order to recover from the economic repercussions of the Covid-19 outbreak.
What would your recommendation be to Mr. Ahmad if both the profit and interest rates were made equal? Provide convincing arguments based on your knowledge of Islamic economics.
If both the profit and interest rates were made equal, our recommendation to Mr. Ahmad would be to opt for Islamic financial instruments for his business in order to recover from the economic repercussions of the Covid-19 outbreak.
Islamic finance has proven to be a viable solution for many businesses during economic downturns, and this Covid-19 crisis is no exception. As per the principles of Islamic finance, profit-sharing is encouraged over the charging of interest on loans, which means the lender shares the profits or losses incurred by the borrower instead of charging an interest fee for borrowing the funds.
This approach promotes a more equitable relationship between the lender and the borrower and helps to ensure that both parties benefit from the financial transaction. It also reduces the risk of debt accumulation, which can lead to economic instability.
Islamic financial instruments such as Mudarabah and Musharakah are based on the principles of profit-sharing and risk-sharing. Mudarabah is an arrangement in which one party provides the capital, and the other party provides the expertise to invest the funds. The profits earned from the investment are then shared between the two parties according to an agreed-upon ratio.
Musharakah, on the other hand, is a partnership in which two or more parties contribute capital to a business venture. The profits earned from the business are then distributed among the partners according to an agreed-upon ratio. Both Mudarabah and Musharakah can be effective financial instruments for businesses looking to recover from the economic impacts of Covid-19.
In conclusion, if both the profit and interest rates were made equal, it would be more beneficial for Mr. Ahmad to opt for Islamic financial instruments for his business as it promotes an equitable relationship between the lender and the borrower. Mudarabah and Musharakah can be excellent choices for his business and can help it to recover from the economic repercussions of Covid-19.
Learn more about Islamic finance: https://brainly.com/question/33099211
#SPJ11
"Your Memorialist . . . represents to your honorable body, that he has devoted much time and attention to the subject of a railroad from Lake Michigan through the Rocky Mountains to the Pacific Ocean, and that he finds such a route practicable, the results from which would be incalculable—far beyond the imagination of man to estimate. . . . "It would enable us, in the short space of eight days (and perhaps less) to concentrate all the forces of our vast country at any point from Maine to Oregon. . . . Such easy and rapid communication with such facilities for exchanging the different products of the different parts would bring all our immensely wide spread population together. . . . "[W]ith a railroad to the Pacific, and thence to China by steamers, can be performed in thirty days, being now a distance of nearly seventeen thousand miles. . . Then the drills and sheetings of Connecticut, Rhode Island, and Massachusetts, and other manufactures of the United States, may be transported to China in thirty days; and the teas and rich silks of China, in exchange, come back to New Orleans, to Charleston, to Washington, to Baltimore, to Philadelphia, New York, and to Boston, in thirty days more." Sentiments of business leaders and politicians like that expressed in the excerpt most likely contributed to which of the following?
The excerpt best reflects the popular support for the idea of Manifest Destiny. Hence option A is correct.
Manifest Destiny was the belief in the 19th century that it was the destiny of the United States to expand across the continent from the Atlantic Ocean to the Pacific Ocean. It was a driving force behind the westward expansion of the United States.
The excerpt demonstrates the enthusiasm and optimism associated with Manifest Destiny, as it describes the potential benefits of a transcontinental railroad connecting the Atlantic and Pacific Oceans. It emphasizes the idea of bringing together the vast population of the United States and facilitating trade with China, highlighting the economic and strategic advantages of expanding to the Pacific coast.
Learn more about Manifest Destiny here
https://brainly.com/question/11669373
#SPJ4
The complete question is as follow:
“Your Memorialist . . . represents to your honorable body, that he has devoted much time and attention to the subject of a railroad from Lake Michigan through the Rocky Mountains to the Pacific Ocean, and that he finds such a route practicable, the results from which would be incalculable—far beyond the imagination of man to estimate. . . .
“It would enable us, in the short space of eight days (and perhaps less) to concentrate all the forces of our vast country at any point from Maine to Oregon. . . . Such easy and rapid communication with such facilities for exchanging the different products of the different parts would bring all our immensely wide spread population together. . . .
“[W]ith a railroad to the Pacific, and thence to China by steamers, can be performed in thirty days, being now a distance of nearly seventeen thousand miles. . . Then the drills and sheetings of Connecticut, Rhode Island, and Massachusetts, and other manufactures of the United States, may be transported to China in thirty days; and the teas and rich silks of China, in exchange, come back to New Orleans, to Charleston, to Washington, to Baltimore,
to Philadelphia, New York, and to Boston, in thirty days more.”
Asa Whitney, merchant, “National Railroad, Connecting the Atlantic and Pacific Ocean,” memorial to the Senate and House of Representatives of the United States, 1845
The excerpt best reflects which of the following developments?
Popular support for the idea of Manifest Destiny
The emergence of nativist political parties
The collapse of the Second Party System
The increase in sectional tensions before the Civil War.
On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information. Income Statement Columns Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Debit Credit $ 40,000 $ 43,000 291,500 4,400 3,600 230 135,200 2,700 1,500 2,630 24,000 3,630 1,940 67,100 5, 370 1,580 3,000 420 $ 292,940 $338, 860 Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $39,700 on December 31, 20X1. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. Journal entry worksheet 1 2 3 4 > Record the closing entry for revenue and other credit items. Note: Enter debits before credits. Credit Debit 291,500 230 Date General Journal Dec.31, 20X1 Sales Interest income Purchases returns and allowances Purchases discounts Income summary 1,500 2,630 2,154 Record entry Clear entry View general Journal Journal entry worksheet < 1 2 3 3 4 > Record the closing entry for expenses and other debit items. Note: Enter debits before credits. Date General Journal Debit Credit 5 Dec.31, 20X1 Journal entry worksheet < 1 2 2 3 4 > Record the closing entry for the balance of income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec.31, 20X1 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 > Record the closing entry for the drawing account. Note: Enter debits before credits. General Journal Debit Credit Date Dec.31, 20X1 Record entry Clear entry View general Journal
To close the revenue, cost of goods sold, expense, and other temporary accounts, the following journal entries should be made:
1. Closing entry for revenue and other credit items:
- Debit the "Sales" account for $291,500
- Debit the "Interest Income" account for $230
- Credit the "Purchases Returns and Allowances" account for $1,500
- Credit the "Purchases Discounts" account for $2,630
- Credit the "Income Summary" account for $292,940
2. Closing entry for expenses and other debit items:
- Debit the "Rent Expense" account for $24,000
- Debit the "Utilities Expense" account for $3,630
- Debit the "Telephone Expense" account for $1,940
- Debit the "Salaries Expense" account for $67,100
- Debit the "Payroll Taxes Expense" account for $5,370
- Debit the "Supplies Expense" account for $1,580
- Debit the "Depreciation Expense" account for $3,000
- Debit the "Interest Expense" account for $420
- Credit the "Income Summary" account for $109,040
3. Closing entry for the balance of income summary:
- Debit the "Income Summary" account for $292,940
- Credit the "Mark Fronke, Drawing" account for $292,940
4. Closing entry for the drawing account:
- Debit the "Mark Fronke, Drawing" account for $39,700
- Credit the "Capital" (or "Owner's Equity") account for $39,700
Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts to the appropriate permanent accounts. Temporary accounts include revenue, expenses, and drawing accounts.
In the first entry, the revenue accounts (Sales and Interest Income) are debited to transfer their balances to the Income Summary account. The Purchases Returns and Allowances and Purchases Discounts accounts, which have debit balances, are credited to close them. Finally, the total balance of the Income Summary account is credited to prepare for the next step.
In the second entry, all the expense accounts are debited to close them. The total balance of the Income Summary account is debited to offset the credit balance from the previous entry.
In the third entry, the balance of the Income Summary account is debited and transferred to the Mark Fronke, Drawing account, reducing the owner's equity. This represents the withdrawal of funds by the owner.
In the final entry, the Mark Fronke, Drawing account is debited to offset the credit balance, and the Capital (or Owner's Equity) account is credited to reflect the decrease in the owner's equity caused by the drawings.
These closing entries help reset the temporary accounts to zero and prepare them for the next accounting period.
To know more about Journal entry here
https://brainly.com/question/30499005
#SPJ4
Consider the prevailing conditions that could affect the demand for stocks, including inflation, the economy, the budget deficit, national debt, and the Fed's monetary policy. Other factors to consider are political conditions and the general attitude of investors. Based on these prevailing conditions, do you believe stock prices will increase or decrease during the next three months? Which factor(s) do you think will have the biggest impact on stock prices? Support your answer.
The future movement of stock prices is influenced by various factors such as inflation, the economy, budget deficit, national debt, the Fed's monetary policy, political conditions, and investor sentiment.
Considering these prevailing conditions, it is difficult to definitively predict whether stock prices will increase or decrease in the next three months.
The movement of stock prices is influenced by a complex interplay of multiple factors. Inflation, for instance, can affect stock prices as it erodes the purchasing power of consumers and can lead to higher interest rates, potentially impacting corporate earnings.
Similarly, the overall state of the economy plays a significant role, as a robust economy generally translates to higher corporate profits and, subsequently, higher stock prices.
The budget deficit and national debt levels are important considerations as well. High levels of government debt can lead to concerns about future tax burdens and potential crowding out of private investment, which may negatively impact stock prices. Additionally, the monetary policy decisions of the Federal Reserve (Fed) are crucial.
The Fed's actions, such as adjusting interest rates or implementing quantitative easing, can influence borrowing costs, liquidity, and investor sentiment, thereby impacting stock prices.
Political conditions, both domestically and internationally, can introduce uncertainty and affect investor confidence. Events such as elections, policy changes, geopolitical tensions, or trade disputes can create volatility in the stock market.
Finally, investor sentiment, shaped by factors like market psychology, risk appetite, and expectations, can significantly impact stock prices.
To learn more about stock -
brainly.com/question/32757067
#SPJ11
All of the following would be considered market manipulation under the Uniform Securities Act EXCEPT:
A. giving fictitious quotes
B. commingling customer funds with broker-dealer funds
C. spreading rumors that may affect the securities prices positively
D. effecting trades at the close of the market to affect the closing price
B. commingling customer funds with broker-dealer funds. Commingling customer funds with broker-dealer funds is not specifically considered market manipulation under the Uniform Securities Act.
Instead, it falls under the category of misappropriation of customer funds, which involves the unauthorized use of customer funds for personal gain. While this behavior is prohibited and can result in legal consequences, it is not directly classified as market manipulation. Market manipulation refers to actions that distort the free and fair operation of the securities market. The other options listed—giving fictitious quotes, spreading rumors to affect securities prices positively, and effecting trades at the close of the market to manipulate the closing price—are all examples of market manipulation. These activities are aimed at artificially influencing stock prices or creating a false impression of supply and demand, leading to unfair advantages or deceptive market conditions.
Learn more about Market here:
https://brainly.com/question/33204230
#SPJ11
Discuss: The procedure of a large-scale agile transformation in the digital transformation progress context Please explain and have some proof or your thoughts References should be from valid books, journals, and well-reputed articles. There is no need for a table of content, executive summary, and introduction. Word Limit: Between 500 – 700 word.
Different answers from which is already posted.
Agile transformation in the digital transformation progress context includes a specific procedure that needs to be followed in order to achieve successful results. This procedure involves five key steps, which are described below:
Step 1: Establish a Vision and Strategy: Before beginning the transformation process, it is important to establish a clear vision and strategy for the organization. This vision should be communicated to all employees so that they understand the goals and objectives of the transformation.
Step 2: Create an Agile Framework: The next step involves creating an agile framework that will guide the transformation process. This framework should include roles and responsibilities, decision-making processes, communication plans, and other important aspects of the transformation.
Step 3: Train and Educate Employees: In order for the transformation to be successful, employees need to be trained and educated on agile methodologies. This includes providing training on new processes, tools, and techniques.
Step 4: Implement Agile Practices: Once employees are trained and educated, the organization can begin to implement agile practices. This involves applying agile methodologies to projects and processes, and continuously improving the processes over time.
tep 5: Measure and Improve: The final step is to measure and improve the agile transformation. This involves collecting data and analyzing it to determine whether the transformation is achieving its goals and objectives. If the transformation is not achieving its goals, changes can be made to improve the process.
The Agile transformation procedure involves many challenges that organizations may face during the implementation process. These challenges can be overcome by adopting certain strategies and tactics that can help organizations to achieve successful results. For example, organizations should communicate clearly with employees about the goals and objectives of the transformation, provide adequate training and support, and involve employees in the transformation process. In addition, organizations should be open to feedback and suggestions from employees and stakeholders, and continuously improve the agile transformation process over time.
Learn more about Agile transformation: https://brainly.com/question/32225716
#SPJ11
Saint Leo University (SLU), a British company, is considering establishing an operation in the United States to assemble and distribute smart speakers. The initial investment is estimated to be 25,000,000 British pounds (GBP), which is equivalent to 30,000,000 U.S. dollars (USD) at the current exchange rate. Given the current corporate income tax rate in the United States, SLU estimates that the total after-tax annual cash flow in each of the three years of the investment’s life would be US$10,000,000, US$12,000,000, and US$15,000,000, respectively. However, the U.S. national legislature is considering a reduction in the corporate income tax rate that would go into effect in the second year of the investment’s life and would result in the following total annual cash flows: US$10,000,000 in year 1, US$14,000,000 in year 2, and US$18,000,000 in year 3. SLU estimates the probability of the tax rate reduction occurring at 50 percent. SLU uses a discount rate of 12 percent in evaluating potential capital investments. Present value factors at 12 percent are as follows: period PV factor 1 .893 2 .797 3 .712 The U.S. operation will distribute 100 percent of its after-tax annual cash flow to SLU as a dividend at the end of each year. The terminal value of the investment at the end of three years is estimated to be US$25,000,000. The U.S. withholding tax on dividends is 5 percent; repatriation of the investment’s terminal value will not be subject to U.S. withholding tax. Neither the dividends nor the terminal value received from the U.S. investment will be subject to British income tax. Exchange rates between the GBP and USD are forecasted as follows: Year 1 GBP .74 = USD 1.00 Year 2 GBP .70 = USD 1.00 Year 3 GBP .60= USD 1.00 Question 1. Determine the expected net present value of the potential U.S. investment from a project perspective. 2. Determine the expected net present value of the potential U.S. investment from a parent company perspective. Thank you in advance!
1. The expected net present value of the potential U.S. investment from a project perspective is $1,684,758.2. The expected net present value of the potential U.S. investment from a parent company perspective is $918,650.
Explanation:1. Calculation of the expected net present value of the potential U.S. investment from a project perspective is as follows:
Year 1:
NPV = [($10,000,000) × .893] − $30,000,000 = $−21,070,000NPV = [($10,000,000) × .893] − $30,000,000 = $−21,070,000Year 2:
NPV = [($10,000,000 × .5) + ($14,000,000 × .5)] × .797 − $25,500,000 = $2,718,965NPV = [($10,000,000 × .5) + ($14,000,000 × .5)] × .797 − $25,500,000 = $2,718,965
Year 3:
NPV = [($12,000,000 × .5) + ($18,000,000 × .5)] × .712 − $25,500,000 = $20,605,793NPV = [($12,000,000 × .5) + ($18,000,000 × .5)] × .712 − $25,500,000 = $20,605,793
The expected net present value of the potential U.S. investment from a project perspective is the sum of the NPVs for years 1, 2, and 3.
Therefore, the expected net present value of the potential U.S. investment from a project perspective is $1,684,758.2.
2. Calculation of the expected net present value of the potential U.S. investment from a parent company perspective is as follows:
Year 1:
NPV = [($10,000,000 × .95 × .74)] × .893 − £25,000,000 = £−9,143,947.25NPV = [($10,000,000 × .95 × .74)] × .893 − £25,000,000 = £−9,143,947.25
Year 2:
NPV = [($10,000,000 × .5) + ($14,000,000 × .5)] × .797 × .95 − £20,927,899.06 = £1,004,878.14NPV = [($10,000,000 × .5) + ($14,000,000 × .5)] × .797 × .95 − £20,927,899.06 = £1,004,878.14
Year 3:
NPV = [($12,000,000 × .5) + ($18,000,000 × .5)] × .712 × .95 − £20,927,899.06 = £11,965,733.06
NPV = [($12,000,000 × .5) + ($18,000,000 × .5)] × .712 × .95 − £20,927,899.06 = £11,965,733.06
The expected net present value of the potential U.S. investment from a parent company perspective is the sum of the NPVs for years 1, 2, and 3.
Therefore, the expected net present value of the potential U.S. investment from a parent company perspective is $918,650.
To know more about NPV visit:
https://brainly.com/question/33284820
#SPJ11
over the past year, you collected $12,356. the gross potential rent that you could have collected was $16,052. expenses on the property have historically been 13.97% of rents and you pay a 8% management fee to the property manager. what is your vacancy rate?
Over the past year, you collected $12,356. the gross potential rent that you could have collected was $16,052. expenses on the property have historically been 13.97% of rents and you pay a 8% management fee to the property manager. The vacancy rate for the property is 23.03%.
The vacancy rate, we need to determine the total vacancy amount and divide it by the gross potential rent.
The total vacancy amount can be calculated by subtracting the collected rent from the gross potential rent:
Total vacancy amount = Gross potential rent - Collected rent
Total vacancy amount = $16,052 - $12,356
Total vacancy amount = $3,696
Vacancy rate = (Total vacancy amount / Gross potential rent) * 100
Vacancy rate = ($3,696 / $16,052) * 100
Vacancy rate = 0.2303 * 100
Vacancy rate = 23.03%
Therefore, the vacancy rate for the property is 23.03%.
To know more about vacancy rate here,
https://brainly.com/question/32611301
#SPJ4
Which represents an effective application of tailoring?
A) Eliminate unnecessary outcomes, activities, and tasks with stakeholder consensus
B) Include all of the activities to minimize risk of compliance issues
C) Establish the tailoring at the beginning of the program as a fixed set of activities
D) Conduct tailoring with limited program representatives to prevent unnecessary process activities
Tailoring is a technique for customizing management techniques to particular tasks. The best approach to create an effective application of tailoring is to eliminate needless outcomes, activities, and tasks with stakeholder consensus. The answer is option A.
The other choices are incorrect for the following reasons:Option B - Including all of the activities to minimize the risk of compliance issues is not a valid strategy for tailoring. It makes a task unnecessarily complex, increasing the likelihood of errors, and decreases productivity by consuming extra time and energy.Option C - Establishing tailoring at the beginning of the program as a fixed set of activities is incorrect. Tailoring aims to customize the management strategy to suit the particular job's requirements. It should be adaptable and flexible, depending on the task's needs.Option D - Conducting tailoring with limited program representatives to prevent unnecessary process activities is incorrect. Tailoring requires comprehensive input from all stakeholders to produce a strategy that is tailored to the job's needs. Tailoring necessitates collaboration between stakeholders to achieve optimal outcomes.To conclude, Tailoring, when done correctly, can assist businesses in customizing management techniques to meet the specific requirements of a task, resulting in more effective and efficient project management.
To know more about Tailoring visit:
https://brainly.com/question/3033749
#SPJ11
what is teresa’s opportunity cost of producing one bushel of wheat?
To determine Teresa's opportunity cost of producing one bushel of wheat, we need to consider the alternative production possibilities available to her and the resources she has at her disposal. Opportunity cost refers to the value of the next best alternative that is forgone when a choice is made.
In this case, we need more information about the alternative production possibilities Teresa faces. For example, if Teresa can choose between producing wheat or another crop, or if she can allocate her resources to different activities like livestock farming or manufacturing, we would need to evaluate the potential returns and costs associated with each option.
Once we have identified the alternative production possibilities, we can compare the outputs and costs associated with each option. The opportunity cost of producing one bushel of wheat would be the value or benefit that Teresa would have received by choosing the next best alternative instead.
Without specific information about Teresa's alternative production options and their associated outputs and costs, it is not possible to determine her opportunity cost of producing one bushel of wheat. The concept of opportunity cost is context-specific and requires detailed information about the available choices and their respective trade-offs.
To learn more about, Opportunity Cost, click here, https://brainly.com/question/31580865
#SPJ11
Which of the following most accurately identifies a private equity investment in income-producing real estate?
A. Direct ownership of real estate properties.
B. Investment in a real estate investment trust (REIT).
C. Private market mortgage lending by an insurance company.
Option B, investment in a real estate investment trust (REIT), is the most accurate choice for identifying a private equity investment in income-producing real estate.
B. Investment in a real estate investment trust (REIT).
Among the given options, investment in a real estate investment trust (REIT) most accurately identifies a private equity investment in income-producing real estate.
A real estate investment trust is a company that owns, operates, or finances income-generating real estate properties. REITs allow investors to pool their capital to invest in a diversified portfolio of real estate assets. Investors can buy shares of a publicly traded REIT or invest in a private REIT, depending on availability.
Private equity investors often invest in REITs as a way to gain exposure to income-producing real estate without directly owning and managing properties. By investing in a REIT, private equity investors can participate in the potential rental income and property appreciation generated by the underlying real estate assets.
Option A, direct ownership of real estate properties, does involve private equity investment in real estate, but it does not specifically refer to income-producing properties, which is the focus of the question.
Option C, private market mortgage lending by an insurance company, is not a private equity investment in income-producing real estate. It refers to lending funds for real estate mortgage purposes, which is a different type of investment activity.
Therefore, option B, investment in a real estate investment trust (REIT), is the most accurate choice for identifying a private equity investment in income-producing real estate.
Learn more about real estate investment from the given link!
https://brainly.com/question/28051044
#SPJ11
Which of the following debts may be discharged in a bankruptcy?
a: Taxes.
b: Child support.
c: A new auto purchased 90 days before filing.
d: Punitive damages.
Taxes may be dischargeable in bankruptcy, but it depends on the type of tax and the circumstances. Hence the correct answer is option a.
The dischargeability of debts in a bankruptcy process relies on the type of bankruptcy filed and the unique circumstances.
Taxes - Depending on the type of tax and the situation, taxes may be dischargeable in bankruptcy. If certain requirements are met, such as the tax debt being at least three years old and the tax returns being filed on time, income taxes can typically be cancelled. Payroll taxes, for example, are typically not dischargeable taxes.
Child support is not a debt that may be discharged in bankruptcy. They are regarded as priority debts and are not dischargeable in bankruptcy.
A new car purchased 90 days prior to filing - Debts for upscale products or services accrued within 90 days of bankruptcy filing are deemed to be luxury debts. These debts might not be forgiven if you buy a new car or other luxuries during this time.
Punitive damages are typically not dischargeable in bankruptcy, as stated in item d. Punitive damages and other wrongful behavior-related debts are often not dischargeable.
To know more about bankruptcy
https://brainly.com/question/32991853
#SPJ4
At a retail store, inventory turnover for six packs of Puckerface IPA (a brand of beer) is 12. This means that if the store stopped placing replenishment orders...
a. They would run out of Puckerface in one month
b. They would run out of Puckerface in 12 days
c. Twelve customers would be really thirsty
d. The total of ordering and carrying costs would reach its theoretical max at 12 six packs approximately
The inventory turnover ratio measures how quickly a company sells its inventory and replenishes it. In this case, the inventory turnover for six packs of Puckerface IPA is given as 12. This means that if the store stopped placing replenishment orders, they would run out of Puckerface IPA in 12 days.
To understand why, let's break down the calculation. The inventory turnover ratio is calculated by dividing the cost of goods sold (COGS) by the average inventory. In this case, we don't have the COGS or the average inventory, but we can still interpret the ratio.Since the inventory turnover is 12, it means that the store sells and replenishes its entire stock of Puckerface IPA 12 times a year.
So, if the store stopped placing replenishment orders, it would take approximately 30.42 days to sell out all the Puckerface IPA six packs. This is closest to option B: they would run out of Puckerface in 12 days. Option A, which suggests running out in one month, is not accurate based on the given information. Option C, referring to thirsty customers, and option D, mentioning ordering and carrying costs, are not directly related to the inventory turnover ratio. In summary, with an inventory turnover of 12 .
To know more about inventory visit :
https://brainly.com/question/31146932
#SPJ11
Let's suppose that you are the manager of a small business in your community. You decide to advertise in your local newspaper Monday through Friday of one week. Let's further suppose that the folks at the newspaper advertising office estimate that readership on Monday is approximately 10,000 and on Tuesday is approximately 10,000, while on Wednesday through Friday the readership is approximately 8,000 each day. In your discussions with the newspaper media person, she mentions that on a typical week, it is expected that approximately half of the exposures will be duplicated (i.e., that half the readers during the week will have been exposed to at least two issues). She also notes that, because of the greater readership in the early part of the week, the cost to advertisers is typically 1.2 times more than it is in the latter part of the week.
What is your best estimate of the gross impressions of this media buy? (Note: recognize that some of the information that the media person gave you may be totally irrelevant.)
Gross Impressions The concept of gross impressions is the sum of exposures to the advertisement. If a particular medium (a radio or TV station or a newspaper) repeats an advertisement numerous times,
the exposure frequency and the media plan's gross impressions may rise significantly. Let's suppose that you are the manager of a small business in your community. You decide to advertise in your local newspaper Monday through Friday of one week. The folks at the newspaper advertising office estimate that readership on
Monday is approximately 10,000 and on Tuesday is approximately 10,000, while on Wednesday through Friday the readership is approximately 8,000 each day. In your discussions with the newspaper media person, she mentions that on a typical week, it is expected that approximately half of the exposures will be duplicated (i.e., that half the readers during the week will have been exposed to at least two issues).
She also notes that, because of the greater readership in the early part of the week, the cost to advertisers is typically 1.2 times more than it is in the latter part of the week.So, let's estimate the gross impressions of the media buy
To know more about exposures visit:
https://brainly.com/question/32335706
#SPJ11
Maxwell sells flower bulbs in the gardening supply sector. Van Zyverden, Inc. controls 60% of the flower bulb market while Maxwell controls 1%. Maxwell's 1% is measuring____? Select one: a. Market Share b. Sales in dollars c. Sales volume d. Advertising ratio
Maxwell's 1% is measuring market share. A company's market share is a percentage of total sales volume in a given market, indicating its position in that market.
Therefore, market share is the percentage of total market sales or product sales that a company achieves.Based on the information provided, Van Zyverden.
Controls 60% of the flower bulb market while Maxwell controls only 1%, hence the market share of Maxwell is only 1%. Thus, Maxwell's 1% is measuring Market Share.
To know more about measuring visit:
https://brainly.com/question/4986485
#SPJ11
an obligation to purchase a specific amount of currency at a future point in time is called a:
An obligation to purchase a specific amount of currency at a future point in time is called a forward contract. A forward contract is a contract between two parties to purchase or sell an asset at a specified future time at a price agreed upon at the time of contract execution.
This agreement allows both parties to secure a price for the currency that is traded on the settlement date.The forward contract is a commitment between two parties to buy or sell an underlying asset on a specific future date at a price. It is a type of derivative that is traded over-the-counter (OTC). The forward contract is used as a hedging instrument to manage currency risk.
It is an effective way of managing currency risk because it allows the parties involved to lock in a price for the currency to be traded at a future date, regardless of the currency's market price. The forward contract is used by importers and exporters to mitigate currency risk, multinational corporations, and institutional investors.
To know more about specific visit:
https://brainly.com/question/27900839
#SPJ11
a firm's recruitment process would most likely be easier if the unemployment rate in an organization's labor market was
A firm's recruitment process would most likely be easier if the unemployment rate in the labor market was low.
When the unemployment rate is low, it signifies a situation where a smaller proportion of the labor force is actively seeking employment. This can have several positive implications for a firm's recruitment process. Firstly, a low unemployment rate means there is less competition among employers for available talent. With fewer companies vying for the same pool of candidates, firms have a better chance of attracting qualified individuals. This can lead to a larger applicant pool, providing the organization with a wider range of potential candidates to evaluate and select from.
Moreover, a low unemployment rate often indicates a robust economy with more job opportunities. In such circumstances, skilled professionals are less likely to stay unemployed for extended periods. This means that firms may receive applications from highly experienced and talented individuals who are actively seeking better opportunities. The abundance of skilled candidates makes it easier for the firm to identify suitable candidates, streamlining the recruitment process and potentially reducing the time and resources required for hiring.
To learn more about recruitment , Click here: brainly.com/question/33553746
#SPJ11
I ESVS Case Beginning finished goods inventory \begin{tabular}{|rr} \hline 5000 & 3,300 \\ 22,000 & 27300 \\ \hline \end{tabular} Cost of goods sold Ending finished goods inventory 18600
3,400
3400
\begin{tabular}{r} \hline 24800 \\ 2,500 \\ 7,000 \end{tabular} Operating expenses Net income 900 5,000 eTextbook and Media Attempts
Given data:
\begin {tabular {|rr} \ h line 5000 & 3,300 \\ 22,000 & 27300 \\ \h line \end{tabular} Cost of goods sold = 18600
Ending finished goods inventory = 3,400
Operating expenses = 2,500
Net income = 5,000
To find: Beginning finished goods inventory
We know that,
COGS = Beginning finished goods inventory + Cost of goods available for sale - Ending finished goods inventory
Let's calculate the Cost of goods available for sale:
Cost of goods available for sale = Beginning finished goods inventory + Cost of goods purchased
From the given table, we have:
Cost of goods available for sale = Beginning finished goods inventory + 5000 + 22,000
Cost of goods available for sale = Beginning finished goods inventory + 27,000
Now, substitute the values in the formula of COGS:
18600 = Beginning finished goods inventory + 27,000 - 3,400
Simplify and solve for Beginning finished goods inventory:
Beginning finished goods inventory = 18600 - 27,000 + 3,400
Beginning finished goods inventory = -7,000
Therefore, the Beginning finished goods inventory is -7,000.
To know more about Beginning visit:
https://brainly.com/question/31381854
#SPJ11
ed communication and understanding between countries and ethnic groups may be a proactive way to avoid escalation into war. this process is called ________.
Enhanced communication and understanding between countries and ethnic groups as a proactive measure to avoid escalation into war is called diplomacy.
Diplomacy refers to the practice of conducting negotiations, dialogue, and discussions between different nations or ethnic groups to promote mutual understanding, resolve conflicts, and maintain peaceful relations. It involves the exchange of ideas, viewpoints, and information through diplomatic channels, such as diplomatic meetings, conferences, treaties, and diplomatic missions.
The purpose of diplomacy is to prevent or mitigate conflicts, foster cooperation, and reach mutually beneficial agreements through peaceful means. It emphasizes dialogue, negotiation, and finding common ground to address differences and resolve disputes without resorting to armed conflict.
Diplomatic efforts often involve diplomats, mediators, and international organizations working toward conflict resolution, promoting understanding, and building relationships between nations and ethnic groups. By engaging in diplomatic processes, countries, and ethnic groups can address grievances, explore shared interests, and seek peaceful resolutions, thus reducing the likelihood of war or violent escalations.
To learn more about diplomacy click here
https://brainly.com/question/7611874
#SPJ11
A chain of department stores (fashion, jewelry, cosmetics, decoration) decided to audit the returns. It is going to gather data of all the returns from all its stores over the last five years - several millions returns. The data involved are: the item identifier, the department identifier, the price of the item, the date and time of purchase, the store identifier, the date and time of return, whether the customer chose a refund or an exchange, the identifier of the agent who cashed in the sale, the identifier of the agent who registered the return (and therefore made the exchange or refund), the identifiers of the other agents working in the shop at the same time (at the same time as the purchase on the one hand and at the same time as the return on the other hand). These data will be extracted from about 100 terabytes of data collected and managed by this chain of stores. From these data, a software will look for correlations. Based on these results, the audit team will determine whether it is necessary to investigate certain situations in greater depth. This would be the case, for example, if for some agents, the returns result in more refunds than for other agents, or if there are more returns in one store than in others. Select all aspects of big data that are relevant here (as indicated in the application description). Volume Variety Velocity - in the sense that it is absolutely necessary to have a result in less than 3 seconds. Velocity - in the sense that the audit is made possible by faster data processing than in the past. Synchronous use Asynchronous use
The aspects of big data that are relevant in this scenario are Volume, Variety, and Velocity.
Volume: The data involved in this audit are several millions of returns from all the stores over the last five years, amounting to approximately 100 terabytes of data. The large volume of data requires efficient storage, processing, and analysis techniques.
Variety: The data collected includes various types of information, such as item identifiers, department identifiers, prices, dates and times of purchase and return, customer preferences, agent identifiers, and more. This diverse range of data types and formats adds to the variety aspect of big data.
Velocity (in two senses): First, the software needs to provide results in less than 3 seconds, indicating the need for real-time or near real-time processing and analysis to meet the time-sensitive requirements of the audit. Second, the audit team benefits from faster data processing capabilities compared to the past, enabling quicker identification of correlations and patterns in the data.
On the other hand, the aspects of big data that are not directly relevant in this scenario are synchronous use and asynchronous use. Synchronous use refers to real-time data interaction and analysis, which is not explicitly mentioned in the application description. Asynchronous use refers to accessing and processing data at different times, which is also not a highlighted aspect in this case.
To learn more about requirements
https://brainly.com/question/15700794
#SPJ11