The World Health Organization (WHO) plays an essential role in the global governance of health and disease; due to its core global functions of establishing, monitoring and enforcing international norms and standards, and coordinating multiple actors toward common goals.
Hope this helps!
A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $15 in labor and $10 in materials. The product can be sold for $40. Use this information to answer Problem 2-54 through 2-56. Select the closest answer.2-54 How many units per year must be sold for the company to breakeven?a.4,800b.3,000c.8,000d.6,667e.4,0002-55 If 10,000 units per year are sold, what is the annual profit?a.$280,000b.$50,000c.$150,000d.−$50,000e.$30,0002-56 If the selling price is lowered to $35 per unit, how many units must be sold each year for the company to earn a profit of $60,000 per year?a.12,000b.10,000c.16,000d.18,000e.5,143
Answer:
8000
$30,000
d.18,000
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
Fixed costs = $100,000 + $20,000 = $120,000
Variable costs are costs that vary with production
variable costs per unit = $15 + $10 = $25
Price = $40
Break even quantity = $120,000 / $40 - $25 = 8000
Profit = total revenue - total cost
Total revenue = price x quantity sold
$40 x 10,000 = $400,000
Total cost = fixed cost + total variable cost
total variable cost = variable cost per unit x quantity sold
$25 x 10,000 = $250,000
total cost = $250,000 + $120,000 = $370,000
Profit = $400,000 - $370,000 = $30,000
C.
Price = $35
quantity = x
profit = $60,000
$60,000 = $35x - ($120,000 + $25x)
solving for x
$180,000 = $10x
x = 18,000
Seth, Pete, Cara, and Jen form Kingfisher Corporation with the following consideration:Consideration Transferred Basis to Transferor Fair Market Value Number of Shares IssuedFrom Seth—Inventory $30,000 $96,000 30*From Pete—Equipment ($30,000 of depreciation taken by Pete in prior years)45,000 99,000 30**From Cara—Proprietary process 15,000 90,000 30From Jen—Cash 30,000 30,000 10*Seth receives $6,000 in cash in addition to the 30 shares.**Pete receives $9,000 in cash in addition to the 30 shares.a. Seth’s recognized gain or loss. Identify the nature of any such gain or loss.b. Seth’s basis in the Kingfisher Corporation stock.c. Kingfisher Corporation’s basis in the inventory.d. Pete’s recognized gain or loss. Identify the nature of any such gain or loss.e. Pete’s basis in the Kingfisher Corporation stock.f. Kingfisher Corporation’s basis in the equipment.g. Cara’s recognized gain or loss.h. Cara’s basis in the Kingfisher Corporation stock.i. Kingfisher Corporation’s basis in the proprietary process.j. Jen’s recognized gain or loss.k. Jen’s basis in the Kingfisher stock.
Answer:
A. Ordinary gain of $6,000
B.$30,000
C. $36,000
D. $9,000
E. $45,000
F.$54,000
G. NO recognized gain or loss for Cara’s.
H. $15,000
I.$15,000
J. NO gain or loss on the transfer
K. $30,000
Explanation:
a. Based on the information given we were told that Seth’s receives the amount of $6,000 in cash in addition to the already 30 shares which means that Seth had ordinary gain of $6,000
b. Calculation for Seth’s basis in the Kingfisher Corporation stock
Using this formula
Seth’s basis= (Inventory basis+Gain Recognized)-Boot received
Let plug in the formula
Seth’s basis=($30,000 + $6,000)–$6,000
Seth’s basis=$36,000-$6,000
Seth’s basis=$30,000
c. Calculation for Kingfisher Corporation’s basis in the inventory
Using this formula
Kingfisher basis(Inventory)=Inventory basis+ Gain Recongnized
Let plug in the formula
Kingfisher basis(Inventory)=$30,000+$6,000
Kingfisher basis(Inventory)=$36,000
d.Pete’s recognized gain or loss will be the amount of $9,000 which is the amount of cash received
e. Calculation for Pete’s basis in the Kingfisher Corporation stock
Using this formula
Pete’s basis=(Equipment basis+ Gain recognized)- Boot received
Let plug in the formula
Pete’s basis=($45,000+$9,000)-$9,000
Pete’s basis=$54,000-$9,000
Pete’s basis=$45,000
f. Calculation for Kingfisher Corporation’s basis in the equipment
Using this formula
Kingfisher basis(Equipment)=Pete Equipment basis + Gain Recongnized by Pete
Let plug in the formula
Kingfisher basis(Equipment)=$45,000+$9,000
Kingfisher basis(Equipment)=$54,000
g. Based on the information given NO recognized gain or loss for Cara’s.
h. Based on the information given Cara will have a basis of the amount of $15,000 in the Kingfisher Corporation stock.
i. Based on the information given Kingfisher Corporation would as well has a basis of the amount of $15,000.
j.Jen’s has No recognized gain or loss on the transfer
k. Based on the information given Jen’s basis in the Kingfisher stock will be the amount of $30,000.
The following information was taken from the accounting records of Light Tool Corporation. Work in process inventory, beginning of the year $ 50,000 Cost of direct materials used 260,000 Direct labor cost applied to production 135,000 Cost of finished goods manufactured 897,750 Overhead assigned to production was $500,000. Compute the amount of the work in process inventory on hand at year-end.
Answer:
47,250
Explanation:
The manufacturing costs in the year is the sum of work in process inventory, at the beginning of the year, the cost of direct materials, the direct cost of labor and the overhead assigned to production as computed thus:
manufacturing costs=50,000+260,000+135,000+500,000
manufacturing costs=945,000
amount of the work in process inventory on hand at year-end=manufacturing costs-cost of finished goods manufactured
amount of the work in process inventory on hand at year-end=945,000-897,750= 47,250
Paula is considering the purchase of a new car. She has narrowed her search to two cars that are equally appealing to her. Car A costs $22,000, and Car B costs $22,200. The manufacturer of Car A is offering 0% financing for 48 months with zero down, while the manufacturer of Car B is offering a rebate of $2000 at the time of purchase plus financing at the rate of 3%/year compounded monthly over 48 months with zero down. If Paula has decided to buy the car with the lower net cost to her, which car should she purchase
Answer:
Paula should purchase car B.
Explanation:
If Paula purchases car A, then her total payments will be $22,000 ($458.33 per month).
If instead she purchases car B, she will need to finance $20,200 for 3 years and her monthly payments will be $447.11. Total payments = $447.11 x 48 = $21,461.28.
this is an ordinary annuity and in order to calculate the monthly payment you must:
monthly payment = principal / annuity factor (PV, 0.25%, 48 periods) = $20,200 / 45.17869 = $447.1134511 = $447.11.
Paula should purchase car B as it offers her lower net cost.
What is compound interest?Compound interest is the interest that is calculated on the principal and the interest up to the period of calculation. Compounding can be done monthly, quarterly, or annually.
When compounding is done on a monthly basis, the formula to calculate Principal is:
[tex]\rm A = P(1 + \dfrac{r}{12})^{12t}[/tex], where A is the principal after t years, r is the rate of interest, P is the principal, and t is the tenure in years. 12t is the total number of months.
For the car B:
The principal will be, cost less rebate:
[tex]\begin{aligned} \rm Principal &= \$22,200 - \$ 2,000\\\\\rm Principal &= \$20,200\\\\r &= 0.03\\\\12t &= 48\: \rm months\end[/tex]
Therefore the net cost (A) will be:
[tex]\rm A = 20,200(1 + \dfrac{0.03}{12})^{48}\\\\\rm A = 20,200(1.0025)^{48}\\\\\rm A = 20,200(1.005)\\\\\rm A = \$20301.126[/tex]
Therefore the net cost of car B is $20301.126 and that of car A is $22,000.
Hence she should purchase car B.
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exxon mobile corporation explores, produces, refines, markets, and supplies crude oil, natural gas, and petroleum products in the United States and around the world. Indicate how the accounts normally should be categorized on a classified balance sheet. common stock notes and loans payable
Answer:
As some of the answers are already in the list I'll focus on the ones that are not.
3. Common Stock
Balance Sheet Classification ⇒ SE
Debit or Credit Balance ⇒ Credit
4. Patents
Balance Sheet Classification ⇒ NCA - Non current asset
Debit or Credit Balance ⇒ Debit
5. Income Taxes Payable
Balance Sheet Classification ⇒ CL
Debit or Credit Balance ⇒ Credit
7. Marketable Securities (short term- Investments)
Balance Sheet Classification ⇒ CA
Debit or Credit Balance ⇒ Debit
8. Property, Plant and Equipment
Balance Sheet Classification ⇒ NCA
Debit or Credit Balance ⇒ Debit
9. Investments ( Long - term)
Balance Sheet Classification ⇒ NCA
Debit or Credit Balance ⇒ Debit
BQUESTION NO.1 Two social issues of Pakistan are listed below. You can choose any one of these issues for analysis and recommendations as per the details that follow. Write short, to-the-point answers. No copy-pasting is allowed. If you use any material from any source, give citation. (10 marks). SOCIAL ISSUES 1. Drug abuse 2. Climate change a. Write a short statement defining the issue clearly, that is, what it is, how it is a social issue, and why it is an important issue. (2 mark) 50 words b. List its 5 major causes and describe each cause such that its logical causal relation with the chosen social issue appears quite clear. Make sure that you list causes of the chosen issue, not the effects. (2 mark) 100 words c. Select any three causes and list them separately. For each cause, recommend institution wise solutions (solutions at the level of 2-3 institution for each cause), making sure that your solutions are practical, and you have described the logical steps of their implementation. List each cause as a separate heading and under each cause put the names of social institutions as sub-headings. (6 marks) 200 words usiness
Answer:
Climate Change
Please mark Brainliest
Explanation:
(a) Climate has always been an important issue for the world, the emission of toxic gasses effects the ozone layer which causes climate change, if the situation is continued the climate change can become severe and unbearable.
(b) - Emission of toxic gases from industries
- Cutting of forests
- Polluting water by disposing waste in water
- High carbon Emission by cars, buses
- Not planting trees
(c)
- High carbon Emission by cars, buses
The cars should semi annually be checked for its carbon emission and only healthy cars and buses should be allowed to be operated.
The cars should be annually checked for carbon emission and the higher the rate of carbon emission the more tax percentage to be paid by the owner of the car/bus, this will encourage the owners to maintain their cars.
(This tax law is practiced by UK)
- Polluting water by disposing waste in water
The waste by Industries should not be disposed in water, instead there should be such machinery which can convert the waste into something usable say for example the machine converts the waste into plastic bricks which can be used to make houses for poor people.
How do society, politics, and culture affect HRM?
Explanation:
Human resource management is responsible for attracting, retaining and helping employees to develop skills that will contribute to an organization achieving its objectives and goals.
Therefore, this strategic business area is directly impacted by society, politics and culture, as human capital in companies is increasingly valued in companies, as today's society is more connected and more informed, which requires companies to adapt to increasingly developed and organized standards with respect to labor relations.
The globalized world directly impacted the relationship between the employee and the company, as it is necessary to stand out in an environment where there is so much competition, and this is also included in the area of human resources, because through an effective HR management, it is possible to capture and retaining talent for the organization that adapts to a world where there is greater interaction, greater need for innovation and vision.
The policy is also essential for the protection of employees and their rights, which means that HR must not only comply with legislative requirements for hiring, but also offer benefits that exceed those required, so that candidates are attracted to work in a company well positioned in the market.
Business strategy concerns Select one: A. ensuring consistency in strategic approach among the businesses of a diversified company. B. selecting a model for a single line of business to use in pursuing objectives that contribute to the whole of a diversified company. C. choosing the most appropriate strategic intent for a specific line of business. D. selecting a set of stretch financial and strategic objectives for a single business unit. E. strengthening the market position and building competitive advantage for a single line of business.
Answer:
The correct answer is the option E: strengthening the market position and building competitive advantage for a single line of business.
Explanation:
To begin with, in the world of business, the strategy concerns on making a plan that must be adaptative to the future conditions and that can be realistic at the same time in order to follow the budget requirements that the superiors have and that can be able to accomplish the most important aspects of every major strategy, and that is, to strength the market position of the company regarding that specific line of business and to also acquire competitive advantage as much as possible so that the sales will increase and the primary goal of the company of earning profits will be satisfied.
3. Finding the key to industrial efficiency There are five sandwich shops in the city of Romeria that are constantly competing for customers. Each sandwich shop always looks for ways to improve its sandwiches while keeping costs under control. Most economists would agree that this scenario would likely lead to industrial .
Answer: Efficiency
Explanation:
The five sandwich shops constantly competing in an effort to gain competitive advantage over their competitors whilst keeping costs low are adhering to one Porter's competitive advantage theories which is Cost Leadership.
This benefits the industry as a whole because the sandwich companies will keep coming up with new ways and technologies to produce sandwiches at the lowest cost so that can increase their productivity.
Efficiency by definition is to make things at the lowest cost so the sandwich shops constantly aiming to reduce or at least maintain cost while increasing production is going to lead to Industrial Efficiency.
Add the following and reduce to lowest terms 3/9+3/9
Steps to solve:
3/9 + 3/9
~Add
6/9
~Simplify
2/3
Best of Luck!
Answer:
2/3
Explanation:
3/9 + 3/9 = 6/9 = 2/3
Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabilities) will remain unchanged. His clothing firm will enjoy a 9 percent return on total sales. He will start the year with $270,000 in the bank. What will Philip's ending cash balance be?
Answer:
the ending cash balance is $330,300
Explanation:
The computation of the ending cash balance is shown below:
Ending cash balance = Opening cash balance + Profit
= $270,000 + (9% × $670,000)
= $270,000 + $60,300
= $330,300
We simply added the opening cash balance and the profit so that the ending cash balance could come
Hence, the ending cash balance is $330,300
Q 1.) ROUTINE REQUEST FOR INFORMATION (Marks 05 – Time required: 25 minutes) THE TASK: Re-write this letter, correctly understanding its purpose, by following the writing process and the 7 C’s, you have studied during the course. Please use the letter format. You can make necessary assumptions and delete/add information. I am writing to inquire about your recent order for a custom wedding suit. You forgot to mention what color you want, and you failed to include your measurements. I would like to clear up this confusion quickly so that we will be able to provide you with the suit before the wedding. When, exactly, is the happy day? I know you must be busy getting ready for the wedding, but if you can spare the time, you might want to stop by in person to pick out your suit, because we do offer an incredibly wide selection of fine wedding attire. At that time, you could also select an appropriate tie and shirt. I would also suggest that you choose clothing for your best man and ushers, assuming that you are having a large wedding. We are prepared to provide the best in both custom and rental formal attire for your entire wedding party, regardless of how large or small it may be. Incidentally, you should also bring your fiancée along to coordinate the men’s clothing with the bridesmaid’s dresses. You know how picky women are about clothes. If you can’t come by in person, you should send me a letter stating your measurements and indicating your color and style preferences, or call me at 633-4296. After we receive this information, we will need at least two weeks to complete the suit. Thank you for your cooperation in this matter. Assessment Rubric • Content/Ideas/Relevance: 1.5 • Organizational Strategy (Direct/Indirect): 1.5 • Format: 0.5 • Language (YOU attitude & Accuracy): 1.5
Answer:
The correct answer is given below
Please mark brainliest
Explanation:
Dear Sir,
We are grateful to have you as our customer, some details of the recent your order is missing and we would like you to provide us with that so the dress gets ready in time, we would like to know the color of your suit, and the measurements, and also please let us know when is your big day so we can make the dress and provide you with it a few days before the wedding day so if there is any problem we can help with it, please note that we also provide men wedding suits as well so you can buy from our shop with a matching color.
Clothing for best man and ushers are also important to look great, we have a large variety of it too, all your dressing problems will be solved under one roof. If you like you can bring the bride to be along yourself so we can take her measurements and she can choose the color of her choice for her big day and can also take decisions on purchasing bridesmaids dresses as we have a vast variety for them as well.
If you wish not to visit here please send us the above mentioned details in a letter or call us at 633-4296. After the information is received your dress will take about 15 days to get ready.
Awaiting your visit.
regards,
What should be Alicia's first step? What should be Alicia's first step? Multiple Choice set goals for hiring new staff check with her colleagues in the industry for possible new hires forecast labor supply and demand within the company once video work starts take out a recruitment ad in the local newspaper get together with company execs for a planning session
The complete question reads;
As you read the following case, think about how Alicia Brooks, HR manager at Edu-Films, needs to take a balanced approach to hiring the right amount of staff for the company's next big project. In this exercise, please read the mini-case and answer the questions that follow. Edu-Films is a small design company that writes and produces videos for the elementary and high school education market. The company is in the final stages of negotiating a new contract with a U.S. publisher to create 40 videos for a new K-12 math series, and the videos need to be available by the spring of 2017. Business for Edu-Films has been slow over the past three years, and the company has kept staff levels to a minimum. Mindful of the company's flat fiscal results over the last couple of years but understanding that new hires must be ready to go once the agreement is signed, HR manager Alicia Brooks must put together a cohesive hiring plan.
1). What should be Alicia's first step?
A). Check with her colleagues in the industry for possible new hires.
B). Get together with company execs for a planning session.
C). Set goals for hiring new staff.
D). Forecast labor supply and demand within the company once video work starts.
E). Take out a recruitment ad in the local newspaper.
Answer:
C). Set goals for hiring new staff.
Explanation:
A goal refers to expected results or achievement which requires effort. Remember we are told, "the videos need to be available by the spring of 2017". Meeting this deadline should be the ultimate goal, and so Alicia's first step should be to set goals for hiring new staff.
By so doing she can get the expected results.
On January 2, 20X1, Meister Company issues $200,000 of 6% bonds. Interest of $6,000 is payable semi-annually on June 30 and December 31. The bonds mature in 5 years. The market yield for bonds of similar risk and maturity is 7%. Utilizing the time value of money tables in your book, calculate the issue price of the bonds (round the result to whole dollars).
Answer:
January 2, 20x1, bonds issues at a discount
Dr Cash 191,600
Dr Discount on bonds payable 8,400
Cr Bonds payable 200,000
Explanation:
the bonds' current market value = PV of face value + PV of coupon payments
The bond has a 6 percent coupon rate, matures in 5 years (10 semiannual periods), and the market rate is 7%:
PV of face value = $1,000 / (1 + 3.5%)¹⁰ = $708.92
PV of coupon payments = 30 x 8.31661 (PV annuity factor, 3.5%, 10 periods) = $249.50
bond's market value = $958.42 ≈ $958 x 200 bonds = $191,600
Question 3(Multiple Choice Worth 5 points)
(02.04 HC)
Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for
one-year's tuition to account for an annual rate of inflation of 3%?
O $11.590.00
O $11,255.00
O $10,000.00
O $13,000.00
Answer:
Money need for one-year's tuition (A) = $11,590 (Approx)
Explanation:
Given:
Initial value (P) = $10,000
Annual rate of inflation (r) = 3% = 0.03
Time taken = 5 years
Find:
Money need for one-year's tuition (A)
Computation:
[tex]A=p[1+r]^n\\\\A=10,000[1+0.03]^5\\\\A = 11,592.7407[/tex]
Money need for one-year's tuition (A) = $11,590 (Approx)
Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 12 years remaining to maturity, and have a required rate of return of 10 percent. (LG 3-5) a. The bond has a 6 percent coupon rate. b. The bond has a 8 percent coupon rate.
Answer:
the bonds' current market value = PV of face value + PV of coupon payments
a. The bond has a 6 percent coupon rate.
PV of face value = $1,000 / (1 + 5%)²⁴ = $310.07
PV of coupon payments = 30 x 13.799 (PV annuity factor, 5%, 24 periods) = $413.97
bond's market value = $724.04
b. The bond has a 8 percent coupon rate.
PV of face value = $1,000 / (1 + 5%)²⁴ = $310.07
PV of coupon payments = 40 x 13.799 (PV annuity factor, 5%, 24 periods) = $551.96
bond's market value = $862.03
Over the years, Masterson Corporation's stockholders have provided $35,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 1,900,000 shares of common stock outstanding, and the shares sell at a price of $30 per share. How much value has Masterson's management added to stockholder wealth over the years, that is, what is Masterson's MVA
Answer:
$22,000,000
Explanation:
The computation of Masterson's MVA is shown below:-
MVA = Current market value - Initial capital provided by stockholders
= (1,900,000 × $30) - $35,000,000
= $57,000,000 - $35,000,000)
= $22,000,000
Therefore for computing the Masterson's MVA we simply applied the above formula.
Hence, the Masterson MVA is $22,000,000
What is an organization that uses resources to produce a product which
then sells called?
household
competition
private property
Answer:
A business or firm is an organization that uses resources to produce a product which it then sells.
Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,500 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be:___________.
a. $26,200
b. $15.720
c. $17.520
d. $29.200
Answer: 29.200
Explanation:
how does opportunity cost affect decision making
Opportunity costs apply to many aspects of life decisions. Often, money becomes the root cause of decision-making. If you decide to spend money on a vacation and you delay your home's remodel, then your opportunity cost is the benefit of living in a renovated home.
Give one advantage and one disadvantage for a Command Economy.
Answer:
Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Do you think the study of Financial Accounting can help you in running your business? Why?
Answer:
It could save you alot of money, personally I run my own online business, and I do all the accounting myself instead of hiring someone to do it, although its very time consuming.
Which of the following is an example of a middle manager?
Teller at a bank
O Director of marketing
O Chief executive officer
O Salesperson in a retail store
Answer:
Director of marketing
Explanation:
I just got it right in a test
The Director of marketing is an example of a middle manager. Thus, option B is correct.
Who is a manager?A manager is a person who maintains the flow of the business, he is responsible for the smooth running of the business and coordinating between various departments. A manager tends to be the person who is delegating and is responsible for coordinating.
According to the hierarchical positions of the company, there are various positions that need to be filled like workers, staff, managers, executive managers, head of an office, CEO, etc.
From the given options, the middle manager will be the director of marketing the teller of the bank comes at a lower level, the chief executive officer will be at the top most level, and a salesperson will be at the lower middle level. Therefore, option B is the correct option.
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A broad differentiation strategy works best in situations where Select one: A. buyers have a low degree of bargaining power and purchase the product frequently. B. buyers incur low costs in switching their purchases to rival brands. C. technological change is slow-paced and new or improved products are infrequent. D. buyer needs and uses of the product or service are diverse. E. buyer needs and uses of the product or service are very similar.
Answer:
D. buyer needs and uses of the product or service are diverse.
Explanation:
broad differentiation strategy helps company to stand out among her competitors, it involves development of business strategy to carry out activities in the company to increase productivity and low production cost in the company.
It should be noted that broad differentiation strategy works best in situations where buyer needs and uses of the product or service are diverse.
What can a credit freeze accomplish that a fraud alert cannot? A credit freeze can remove any inaccurate or fraudulent information. A credit freeze can allow your credit report to be visible. A credit freeze can prevent anyone from viewing your credit report. A credit freeze can stop someone from opening an account in your name.
Answer: A credit freeze can stop someone from opening an account in your name.
Explanation:
A credit freeze accomplishes that a fraud alert cannot, is that A credit freeze can stop someone from opening an account in your name. Thus, option (D) is correct.
What is a Credit freeze?A credit freeze is the technique which enables a person to limit the sale of personal financial data identifying information by a consumer reporting agency. The consumer reporting agency's data is locked by a credit freeze until the person authorizes its release.
It is the facility provided by the agency to secure the personal financial information to kept safe and secure. It is necessary for every person to credit freeze the financial information.
Therefore, it can be concluded that A credit freeze can prevent someone from opening an account in your name, which is something a fraud alert cannot do. Hence, option (D) is correct.
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g After preparing a bank reconciliation, a journal entry would be required for which of the following: Group of answer choices None is correct. A deposit in transit A deposit made by a company with a similar name and credited to your account. Interest earned on the company's checking account. A check for $48 given to a supplier but not yet recorded by the company's bank.
Answer:
After preparing a bank reconciliation, a journal entry would be required for which of the following:
Interest earned on the company's checking account.
Explanation:
This interest was not recorded in the company before receiving the bank statement. A journal entry would record this by debiting Cash account and crediting Interest Earned account. The other transactions do not require the company to make any entry in its journals because they had earlier being recorded. The bank will make the necessary adjustment and not the company for the 'deposit made by a company with a similar name.'
During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for rent for October Provided services for $2,900 in cash Paid $280 for the October telephone service Provided services for $2,050 on credit Paid salaries of $1,750 to employees Paid $380 for the monthly office cleaning service Calculate the net income or net loss for the period?
Answer:
Net income $1,265
Explanation:
The computation of the net income or net loss is shown below:
Revenues
Cash revenues $2,900
Credit revenue $2,050
Total revenues (a) $4,950
Less:
Expenses :
Rent ($1,275)
Telephone ($280)
Salaries ($1,750)
Office cleaning service ($380)
Total expenses (b) ($3,685)
Net income $1,265 (a - b)
Presenteeism is exhibited in all the following ways except:___________.
a. even when injured reporting to work. coming to work when ill.
b. when an employee faces dangerous conditions to get to work.
c. when the employee is preoccupied by personal problems.
d. when an absence would immediately affect many people.
Answer: d. when an absence would immediately affect many people
Explanation: Presenteeism as culled from the word present may be described as a situation whereby an individual or employee makes himself or herself available at work despite the challenges being faced which should have kept such employee out of work. This challe ges may range from bodily or physical injury or sickness, emotional and psychological disorder and other factors which could limit productivity and output or even result in avoidable loss on the path of the employer if such employee had stayed off work. A sick worker or one who faces dangerous challenges to get to work but still manages to be present exhibits Presenteeism.
A new competitor has entered the market to compete against Particles, and you’ve noticed that the customer defection rate had a sharp increase last month. The percentage of repeat customers buying Particles from us declined suddenly. You know that the cost of acquiring a new customer is higher and less efficient than continuing to sell to an existing customer. What would you do?
Answer: Conduct a quick market research study to learn directly from customers if they’re buying Mobile Strategies Enterprise’s (MSE) product Chipz instead of Particles and why.
Explanation:
The options to the question are:
do?
A.Conduct a quick market research study to learn directly from customers if they’rebuying Mobile Strategies Enterprise’s (MSE) product Chipz instead of Particles and why.
B.Pull together a cross-discipline team to discuss the internal perspectives on theParticles. The team should include R&D, sales, and production.
From the question, we are informed that the arrival of a new competitor against Particles, has led to huge customer defection rate.
Based on further information provided in the question, what should be done is " to conduct a quick market research study to learn directly from customers if they’re buying Mobile Strategies Enterprise’s (MSE) product Chipz instead of Particles and why".
Market research simply helps in the identification and and analysis of market needs, market size and its competition. When marketing research techniques like consumer surveys, focus groups, interviews, etc are all carried out, Particles can get the necessary information required to stop its competitors from collecting its customers and gaining a competitive edge.
Which of the following best describes why the aggregate demand curve is downward sloping?
a. As the aggregate price level decreases, the stock of existing physical capital increases.
b. As the aggregate price level increases, consumer expectations about the future change.
c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.
d. As a good\'s price increases, holding all else constant, the good\'s quantity demanded decreases.
Answer: c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.
Explanation:
The Aggregate Demand (AD) curve is used to measure the impact that price level has on the expenditure in the economy.
The AD comprises of Investment, Consumption Spending, Government spending and Net Income.
When prices are high, households will spend less as they cannot afford to spend a lot which will reduce consumption spending.
Another result of a high price level is that people will have less money to save and so there will be a lower supply of loanable funds.
Both of these components of the AD reduce when prices increase and vice versa. This is why the AD is downward slopping.