The contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of 13 weeks.
Every AFM member who worked on the original project receives an additional payment for the continued usage of that music beginning with the 14th week, for a total of $1,050 every 13-week cycle. Musicians who are fortunate enough to acquire this type of job make a lot of money over the years because national association of advertising and their customers are used to paying these prolonged use fees. However, when non-union parties are involved, extended use and reuse payments are frequently avoided at the local and regional levels. One of the most important work of AFTRA is to obtain payment for each use of it's member's work.
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In order to increase customer purchases, grocery stores have (5 points) a increased the size of the carts b moved healthy food options to eye level c decreased the width of the aisles d moved pre-packaged goods to the upper level
Option (a), Grocery stores have raised the size of the carts to encourage customer purchases.
How do supermarkets persuade you to buy more?Supermarkets promote impulse purchases by putting items on display at the checkout counter, where consumers must wait in line, for items ranging from candy bars and full-calorie soda to hand sanitizer and gift cards. Manufacturers spend a lot of money to bribe retailers to place their products at the checkout because it increases sales so much.
How do supermarkets generate revenue?Profit margins typically range from 1% to 3%, depending on the product. A supermarket business frequently makes only a few cents per item. Volume is how grocery stores make money. Customers are expected to purchase a large number of things during each shopping trip in order to increase the store's earnings.
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which category of lifetime product costs are sometimes overemphasized, leading to a failure to fully recognize the total cost of ownership?
The acquisition costs are the category of lifetime product costs, which are overemphasized, and thereby leading to a failure to fully recognize the total cost of ownership.
Acquisition costs can be referred to or considered as the costs incurred by an organization to acquire an asset or ownership in a piece of an asset, whether partially or wholly. These costs belong to the category of the lifetime product costs, as they do not have a definite period of ownership. Moreover, these costs of acquisition may also be overemphasized at times.
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what is the example for companies passing on extra costs to customers used in the presentation in regard to declining profit margins?
Oil is the example for companies passing on extra costs to customers used in the presentation in regard to declining profit margins.
Presentation is a method of conveying information from speaker to audience. A presentation is usually a demonstration, introduction, lecture or speech designed to enlighten, persuade, inspire, motivate, build goodwill or promote an idea/product.
Preparation, organization, event planning, writing, using visual aids, managing stress, and answering questions are all common requirements for presentations. Presentations are often used in third-tier businesses, such as when an accountant provides detailed reports on a company's finances or when an entrepreneur presents their business proposal to investors.
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micaela is implementing the control process for her insurance agency. before she begins to monitor performance, micaela should
For her insurance company, Micaela is putting the control method into practice. Micaela has to establish standards before she starts keeping track of performance. Here option B is the correct answer.
In the example given, Micaela is carrying out the control procedure. She should first set standards before she begins to evaluate the performance of her insurance company.
By establishing standards, she would be able to assess her progress against them. If she notices any deviations, it will be easier for her to make the necessary corrections. If there is no divergence from the progress, she can carry on.
Standards preserve human health and the health of the environment while ensuring the dependability, quality, and safety of goods and services. They also enable commerce. Standards enhance systems and procedures for firms; they decrease expenses, maintain uniformity, and eliminate waste.
Complete question:
Micaela is implementing the control process for her insurance agency. Before she begins to monitor performance, Micaela should
A - compare performance to standards.
B - establish standards.
C - continue work progress.
D - take corrective action.
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question 1 which term refers to the process of initiating a project, making a plan, executing and completing tasks, and closing a project?
Project management, according to Wikipedia, is the discipline of starting, planning, carrying out, controlling, and wrapping up the work of a team in order to achieve particular objectives and meet specific success criteria at the designated time.
Why should project managers create phase two plans before starting and finishing phase three tasks?It has been verified by an expert. Before beginning and finishing activities, project managers always create a plan because the project's budget and schedule are crucial.
What do you call a collection of guiding principles and procedures for managing a project from start to finish?A set of guiding principles and procedures for managing a project throughout its life cycle is known as a project management methodology.
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in short, vcs look for , big markets, and innovative ideas. a. midsize companies b. local companies c. early seed funding d. great teams
VCs are interested in strong teams, sizable markets, and ground-breaking concepts. As a result, choice (D) is the appropriate approach.
What are VCs?A private equity investor known as a venture capitalist (VC) lends money to businesses with strong development potential in exchange for an equity stake. This could involve providing beginning capital or aiding small businesses that want to grow but lack access to equity markets.
An investor who gives start-up businesses funding in exchange for equity is known as a venture capitalist (VC).
New businesses frequently turn to VCs for the money they need to grow and market their products.
Venture capitalists frequently fail because of the risks involved in making investments in startups. However, the returns are significant for those investments that do succeed.
Hence, option (D) is accurate.
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what two benefits do global capital markets provide to investors and borrowers? multiple select question. increases the supply of funds for borrowers consolidates the investment opportunities for investors increases the investment opportunities for investors increases the demand for funds for borrowers
The benefit that the global capital markets provide to investors and borrowers is it increases the investment opportunities for investors.
What is a capital market?The difference between a money market and a capital market is that a money market is where short-term debt is purchased and sold, whereas a capital market is where long-term debt or the equity-backed securities are bought and sold. Capital markets direct investors' wealth to entities that can employ it for long-term, productive uses, such businesses or governments making long-term investments. In addition to other responsibilities, financial authorities like the Securities and Exchange Board of India (SEBI), Bank of England (BoE), and U.S. Securities and Exchange Commission (SEC) regulate capital markets to safeguard investors against fraud. The majority of capital market transactions are handled by financial institutions or the treasuries of governments and corporations, however some can be accessed directly by the common public.
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Home Depot contracts with Drills-R-Us for an order of custom power washers with the Home Depot logo printed directly on the washer. Drills-R-Us sends Home Depot a merchants confirmation memo with all of the essential terms, including the price, quantity, delivery dates, standard terms and conditions, as well as a signature line, and specifies that the offer shall remain open for a period of ten days.
A week after receiving the offer, Home Depot sends back a signed version of the confirmation memo with two changes: first, the price Drills-R-Us quoted Home Depot at was $120 per drill; Home Depot’s version crosses out the original price, and now states that the cost is $100 per drill. Second, Home Depot also includes an express warranty provision that was not part of Drills-R-Us’ original memo, which states that "Drills-R-Us expressly warrants that its products are free of any defects, and all drills must conform to the design specifications set forth in the parties’ initial meeting." The parties have no further discussions after these memos are sent. Which of the following options best describes the parties’ new agreement?
Group of answer choices
Neither the new price nor the express warranty provision become part of the agreement under UCC §2-207, as Drills-R-Us never agreed in writing to the changes in the memo, so the cost of the drill remains at Drills-R-Us’ price of $120 per drill.
Both the price and the express warranty provision which Home Depot added become part of the Agreement under UCC §2-207 because both parties are merchants and Drills-R-Us did not indicate that acceptance is conditional on agreeing to the specific terms in the memo.
The price provision is added to the memo as a new term at Home Depot’s cost of $100 per drill, whereas the express warranty provision does not become part of the memo under UCC §2-207.
The price provision is cancelled out and courts will replace this with a "gap filler" provision based on the market price, whereas the express warranty provision is added to the memo as a new term under UCC §2-207.
A legally binding agreement between 2 or more entities known as a contract imposes a duty to do (or refrain from doing) something specific.
What are contracts, and what other kinds are there?A contract may be unilateral, bilateral, conditional, voidable, express, implicit, executed, or executory, among other sorts. Based on quasi-contract, it can be broadly categorized.
What is an invalid contract?If an agreement cannot be enforced in its original form, it may be ruled void. Such agreements are void contracts (sometimes known as "void agreements") since they are either unlawful in nature or go against fairness and public policy.
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fixed element per month variable element per client-visit revenue $51.2 personnel expenses $36,600 $18.10 medical supplies 1000 6.80 occupancy expenses 12100 1.70 administrative expenses 4800 0.20 the personnel expenses in the planning budget for october would be closest to: group of answer choices $91,264 $86,165 $90,900 $87,314 flag question: question 4 question 4
It is mentioned to calculate the occupancy expenses in the flexible budget for the month of October. Thus, it is calculated by adding the fixed element per month with the actual cost. The actual cost is calculated by multiplying the actual level of activity with the variable element per client. Therefore, the actual cost is $91,264.
Algebraic computations with variables as if they had been express numbers remedy various troubles in a single computation. as an example, the quadratic system solves any quadratic equation through substituting the numeric values of the coefficients of that equation for the variables that constitute them within the quadratic formula. In mathematical good judgment, a variable is either a image representing an unspecified time period of the principle (a meta-variable), or a basic item of the idea this is manipulated with out referring to its feasible intuitive interpretation.
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the package shipping industry is dominated by a few large competitors: us postal service, fedex, and ups. this is an example of
The package shipping industry is dominated by a few large competitors: us postal service, FedEx, and ups. this is an example of Pure competition.
What is a pull based strategy?Pull strategy is inventory management that reacts in real time to current consumer demand. Push strategy, which creates inventory ahead of anticipated consumer demand based on projections, seasonal demand planning, and historical trends, is frequently contrasted with it.
A technique of marketing in which a business invests time and money to promote products to customers directly in the hopes that they will desire to purchase them: Using a pull technique necessitates thorough market understanding.
The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.
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how long does the insured have to request the supplemental extended reporting period after expiration of a claims-made cgl?
Within 60 days of the expiration date, the insured must submit a written request for the additional ERP.
Can I use it after the date of expiration?Most foods that are shelf-stable are completely safe. In reality, if the can itself is in good shape, canned products will survive for years (no rust, dents, or swelling). Even while packaged items (cereal, pasta, and cookies) may ultimately go bad or take on an unpleasant flavor, they will still be safe to eat after the "best by" date.
How much past the expiration date is too far?Products like hamburger meat that is from three to five out of season, yolks, and turkey that is one to 2 days out of date are usual (3 to 5 weeks past the date). If you're worried about the safety of the meal, use your nose.
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over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are the only transactions affecting the investing activities, it will report net cash flows from investing activities of .
The net cash flows from investing activities that Over Armoir will report, will be - $11, 000.
How to find the cash flows from investing activities ?In the statement of cash flows, the cash flows from investing activities will relate to anything that has to do with cash involving the trade of fixed assets, and capital assets belonging to other companies such as stock.
The cash flow from investing activities here would be:
= Purchase of patent + Purchase of equipment
= 1, 000 + 10, 000
= $11, 000
As these were cash outflows, they will denoted as negatives to be - $11, 000.
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A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a discount of 7% from the purchase price. Assume the product sells for $100. a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 4 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan a-2 Which is a better deal? O Installment plan O Pay in ful b-1. Calculate the present value if the payments on the 4-year installment plan do not start for a ful year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan b-2. Which is a better deal?
A cash flow's discounted present value is its present value.When we have investment options that have cash flows at various points in time, this is helpful.A common basis for comparison is provided by computing present values in this situation.
The present value of each option must be calculated because cash outflows will occur at different times for each option.
25% down and 25% to go.
The idea of present value states that the same amount of money today will be worth more in the future.To put it another way, money received in the future has less value than money received today.Getting $1,000 today is worth more than $1,000 a long time from now.
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tulsa enterprises has decided to build a $50 million theme park near a large metropolitan area. the company plans to sell shares of ownership to finance the development. tulsa plans to use financing for this project.
A $50 million theme park will be built by Tulsa Enterprises close to a significant urban region. For this project, Tulsa intends to use "equity" funding.
Define the term equity?The idea of fairness within economics, particularly in relation to taxation and welfare economics, is known as equity, or economic equality.
That amount of money which would be returned for shareholders if a company sold all of its assets and settled all of its debts is known as equity. Accounts receivable, currency, real land, and patents are examples of assets, whereas debts due to other organizations or people are examples of liabilities.The stated question-
A $50 million theme park will be built by Tulsa Enterprises close to a significant urban region. To raise the necessary funds for the project, the company intends to offer ownership shares.Thus, for this project, Tulsa intends to use "equity" funding.
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The complete question is-
Tulsa Enterprises has decided to build a $50 million theme park near a large metropolitan area. The company plans to sell shares of ownership to finance the development. Tulsa plans to use ___________ financing for this project.
investors who acquire preferred stock . (check all that apply.)multiple select question.have preference as to dividendswill always receive more dividends than common stockholdershave preference over creditorshave preference over common stockholders
Investors who acquire preferred stock :
have preference as to dividends have preference over common stockholdersWhat is a Preferred stock?Preferred stock can be described as the component of share capital which can be seen to have any combination of features not possessed by common stock, this could be the properties of both an equity as well as debt instrument, and can be perceived and considered a hybrid instrument.
It should be noted that the Preferred stock can be seen as different type of equity that can be seen as a display of the ownership of a company as well as the right to claim income from the company's operations, hence Investors who acquire preferred stock are those that posses preference as to dividends as well as the preference over common stockholders.
Therefore, option A and D are correct.
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a stock market comprises 2100 shares of stock a and 2100 shares of stock b. the share prices for stocks a and b are $25 and $15, respectively. what proportion of the market portfolio is comprised of each stock?
84000 in the market portfolio
Stock A 52500 * 2100 /
Stock B 31.525 2100*15
Total 84000
a percentage of each stock:
62.5% of Stock A (52500/84000)
37.5% of Stock B (31500/84000)
A market portfolio is a hypothetical collection of investments that includes all possible asset classes and is weighted according to the relative market presence of each asset. The market portfolio's anticipated return is the same as the market's anticipated return overall.
We just need to be aware of the projected rate of return, standard deviation, and base interest rate for each individual stock in the market portfolio. A market portfolio, however, is independent of an investor's preferences or level of risk tolerance.
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when analyzing variances, it is most likely that management will direct their attention to: (select all that apply). multiple select question. large and unfavorable variances small and unfavorable variances small and favorable variances large and favorable variances
when analyzing variances , it is most likely that management will direct their attention to large and unfavorable variances.
What are the top three applications of variance analysis?Businesses can use this comparison to assess historical data, keep tabs on costs, and more effectively plan for expenses in the future. Material variance, labor variance, and fixed overhead variance are the three basic categories of variance analysis. Variance in the context of accounting simply means the discrepancy between projected and actual numbers. Favorable variances are defined as increased income and decreased expenses. Unfavorable variations are defined as decreased revenues and increased expenses.
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refer to scenario 13-4. farmer brown's production function exhibits a. increasing marginal product. b. diminishing marginal product. c. constant marginal product. d. the production function is unrelated to the marginal product.
An economic rule governing production which holds that if more variable enter devices are used along with a sure amount of constant inputs, the normal output might grow at a faster price initially, then at a regular rate, however ultimately, it will grow at a declining rate.
What is supposed by diminishing marginal?Diminishing marginal utility refers to the phenomenon that every extra unit of reap leads to an ever-smaller amplify in subjective value. For example, three bites of candy are better than two bites, but the twentieth chunk does no longer add an awful lot to the ride beyond the nineteenth (and ought to even make it worse).
This property is carefully associated to the notion of diminishing marginal product: if the marginal product of a production characteristic is diminishing for all values of the input, then it is additionally true that the marginal product is much less than the common product (MPL < APL).
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https://brainly.com/question/13889617#SPJ4what is the present value of the following? use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. $7,800 in 6 years at 10 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places. $16,500 in 3 years at 7 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places. $25,700 in 9 years at 8 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places.
present value of appendix b
a 5925
b12240
c 14977.6
On the majority of general-purpose calculators, the immediate execution mode of operation—also referred to as the single-step, algebraic entry system (AES)[7] or chain computation mode—is often used. The order of operations in a mathematical expression is not taken into account by the majority of simple four-function calculators, including those found in most early operating systems and the Windows calculator in Standard mode. Instead, each binary operation is carried out immediately after the next operator is pressed. Most contemporary software calculators, notably the Scientific mode in the Windows calculator, contain buttons for brackets and can take operation order into consideration. Scientific calculators also have these features.
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daffy duct, inc. issued 10,000 shares of $1 par value common stock at $10 per share. the journal entry to record this transaction includes:
-$100,000 increase in total stockholder's equity
-$100,000 increase in total assets
stockholder's equity= 10,000*10*1=100,000
Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets. Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. According to Alka Sood, Senior Business Advisor with BDC Advisory Services, "Shareholders' equity tells you a lot about the financial health and stability of a firm and the attitude of the owners toward their business .It can indicate whether the owners are reinvesting."
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during 2022 patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return?
During 2022 Patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return is 2000$.
What is the Income tax?Income taxes are levied against individuals or groups based on their earnings as well as profits. Income taxes are normally calculated by multiplying tax rates by taxable income. Depending on the characteristics of the taxpayer and their source of income, tax rates may vary.
Businesses and individuals are subject to income taxes (or family units). Personal income taxes are computed based on the earnings received. Typically, it is categorized as a tax because the burden is thought to fall on the people who pay it.
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What ensures that both the seller's and buyer's performance meets procurement requirements according to the terms of the legal agreement?
The advantage of control procurements is that they guarantee that seller and buyer performance satisfies the procurement requirements in accordance with the guidelines established by a specific legal agreement. To finish the process, it requires a variety of inputs, tools, procedures, and outputs.
Legally agreements are useful instruments for keeping organizations running efficiently. Business contracts offer the crucial legal safeguards you require for any operation. Contracts not only reduce risk, but also safeguard you and your business by clarifying your rights and responsibilities under each agreement. Contracts and the law controlling them have significant legal ramifications that may affect your company's ability to survive.Legally agreements that have been properly drafted safeguard your company's interests and uphold each party's rights throughout any given transaction. However, verbal agreements can be difficult to enforce because circumstances change, people forget what was said, and disagreements over the specifics of the agreement can arise.
Without a well-written, legally binding contract, defending your company's interests and upholding your rights under one will be much more challenging.
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if congress wanted to implement a tax cut during a recession but had to keep a balanced budget, what would they need to do?
Taxes would need to go up while spending would need to go down in order to maintain a budget deficit during a downturn, which would further weaken aggregate demand and prolong the downturn.
Explain what taxes are.How Do Taxes Work? Taxes are compulsory payments made by a government organization, whether regional, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Medicaid as well as public infrastructure and services like roads and schools.
What distinguishes tax from taxation?All involuntary levies, including estate taxes, capital gains taxes, and income taxes, are referred to as "taxation." Although the term "taxation" can apply to both an act and a word, it is most commonly used to refer to the ensuing income.
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How is the marketing department involved in the technical and marketing development stage of the product development process?.
The most efficient marketing mixture for the fresh product is determined by doing product prototype testing with target consumers.
What purpose does marketing serve?
The benefit of marketing to your company is that it informs consumers about your goods and services, motivates them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
What are the top five components of a marketing mix?
The five areas where decisions need to be made are PRODUCT, PRICE, PROMOTION, PLACE, and PEOPLE. The 5 Ps are reasonably manageable, but they are always influenced by your corporation's internal and external conditions based.
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which is the most effective option for introducing a rate increase? due to unforeseen events, we will be raising our monthly fee by 3 percent. this rate increase will provide us with the revenue to streamline operations and maintain our current workforce. in the next month, you will experience a monthly fee increase of 3 percent. due to increasing energy prices, our service costs have almost doubled in the last year, forcing us to increase our monthly fee by 3 percent. however, with the rate increase we are able to offer you the benefit of uninterrupted service and enhanced access.
Make an effort to link the rise to better products, better services, or other advantages for customers. Adding greater value to the services you provide is one strategy you might wish to use when raising your charge. Because the quality of your services or products has already increased, you can raise your prices.
What do you do if the rate goes up?
Using the following advice, you can handle a rise: Cut back on spending to free up more cash for debt repayment. To pay less interest over the course of your loan, pay off the debt with the highest interest rate first.
How can you respectfully express a price increase?I'm writing to inform you that we will be raising the rates for [product/service] due to [reasons for the price rise]. Starting on [date], the price will increase from [amount] per month to [amount], per month.
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entrepreneurship combines the creativity, business smarts, passion, and work of the traditional entrepreneur with a social mission. a.nascent b.contemporary c.conventional d.social e.modern-day
A modern-day social mission is combined with the creativity, business acumen, passion, and work of the classic entrepreneur in entrepreneurship. Basically, starting, running, and managing a new business constitutes entrepreneurship.
What is entrepreneurship?To earn money while assuming financial risk. In order to produce goods or services for a profit, capital and labor are combined through entrepreneurship. By establishing a company to carry out their idea, entrepreneurs make their dream a reality. Entrepreneurs are essential to market economies since they may be the engine of the country's economic growth. By creating new products and services, they promote job growth by stimulating new employment.
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according to maslow's hierarchy of needs, all needs are equally important and must be fulfilled simultaneously. t/f
According to Maslow's hierarchy of needs, each need is classified according to its level of relevance, hence they cannot be fulfilled simultaneously. Therefore, the statement is false.
In 1943 psychologist Abraham Maslow presented his theory of the classification system of needs and motivations that universally move individuals in society.
Individuals are motivated to fulfill certain needs, and some of them are a priority and prevail over others, understanding that they cannot all be satisfied simultaneously, but that to achieve some, others must have been previously met.
As illustrated and explained in the Simply Psychology image (attached), there are 5 levels of needs and motivations:
1) Physiological (first needs to be met)
2) Safety
3) Love and belongingness
4) Esteem
5) Self-actualization
Maslow continued to update his theory over the years, and by 1987 he stated that this hierarchical order was not necessarily rigid, and argued that the order of needs could be flexible according to external circumstances or individual differences.
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when is it appropriate to recognize a liability for an asset retirement obligation? (select all that apply.) multiple select question.
At the inception of the asset's life if a legal obligation exists it is appropriate to recognize a liability for an asset retirement obligation.
How can asset retirement obligations be determined?
Obligations related to asset retirement are originally recorded at fair value in the period in which they are incurred, provided that it is reasonably possible to anticipate the size of the liability. If the ARO occurs over time or as a result of a change in the legislation, determining the proper date of recognition may be difficult.
What does it mean by asset retirement obligation?
An obligation under the law known as an asset retirement obligation is connected to the permanent removal of a long-lived asset from service. At the balance sheet date, the obligation is recorded at the best estimate of the amount needed to pay it off.
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the following data are given for harry company: budgeted production 26,000 units actual production 27,500 units materials: standard price per ounce $6.50 standard ounces per completed unit 8 actual ounces purchased and used in production 228,000 actual price paid for materials $1,504,800 labor: standard hourly labor rate $22.00 per hour standard hours allowed per completed unit 6.6 actual labor hours worked 183,000 actual total labor costs $4,020,000 overhead: actual and budgeted fixed overhead $1,029,600 standard variable overhead rate $24.50 per standard labor hour actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)
The direct labor rate variance is
a.$33,000 unfavorable
b.$5,490 favorable
c.$5,490 unfavorable
d.$33,000 favorable
The direct labor cost variance for the company is $33,000 unfavorable.
What is direct labor cost?An expense that can be clearly and consistently attributed to or linked to the production of a good, the completion of a specific task, or the rendering of a service is referred to as direct labor cost. Additionally, we can say that it represents the price of the labor put in by those employees who really create the product on the assembly line. The steps involved in calculating direct labor costs are arranging the work to be done, outlining the job's requirements in terms of skill, knowledge, and other factors, and matching the jobs to the workers. The payment made to the employee each hour as recompense for the work completed is known as the wage.
Direct Labor time variance = (Actual Hours x Standard Rate) - (Standard Hours x Standard Rate)
= (183,000 x $22 = $4,026,000) - ((27,500 x 6.6)
= $33,000 (unfavorable)
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porter company is analyzing two potential investments. project x project y initial investment $ 77,470 $ 65,000 net cash flow: year 1 26,500 4,500 year 2 26,500 28,500 year 3 26,500 28,500 year 4 0 20,000 if the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected?
The project that should be selected based on the payback method is project X.
Which project should be selected?Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback for Project X = amount invested / cash flow
Payback for Project X = 77,470 / 26,500 = 2.92 years
For project Y:
Amount recovered in year 1 = 4,500 - 65000 = -60,500
Amount recovered in year 2 =-60,500 + 28,500 = -32,000
Amount recovered in year 3 = -32,000 - 28,500 = -3,500
Amount recovered in year 4 = -3,500 + 20,000 = 16,500
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