a study by great places to work, found that employees at less inclusive firms were 14 percent more likely to stay and 32 percent more likely to put in extra effort at work.
Answers
2019 analysis finds that companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have above-average profitability than companies in the fourth quartile.
What exactly is a company?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
What group do businesses fall under?Companies are mainly divided into private and public sectors. Firms that are privately held and have less than 200 shareholders are known as private corporations or private limited companies. Limited corporations that are public are those with more than 200 shareholders and that are listed on a stock exchange.
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Related Questions
What basic business fundamentals must business managers grasp to effectively incorporatee-commerce into their business?
Answers
Managers must grasp business fundamentals like market research, website development, digital marketing, customer support, legal and regulatory compliance, and payment and shipping options.
Using market research will help in creating an e-commerce strategy tailored to the needs and expectations of potential customers. Evaluating the strengths and weaknesses of competitors in the e-commerce space can provide valuable insights on best practices, pricing strategies, and unique selling propositions to differentiate the business.
The business must provide multiple payment options and flexible shipping methods to cater to customer preferences and enhance customer experience. Also, e-commerce must offer excellent customer service through various channels and build long-term customer relationships.
Business managers also must implement robust security measures to protect customer data and prevent cyber-attacks and ensure compliance with applicable e-commerce laws, data privacy regulations, and tax obligations to mitigate legal risks.
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true or false. secondary reserves include group of answer choices state and local government securities. short-term u.s. government securities. deposits at federal reserve banks. deposits at other large banks.
Answers
True. State and local government securities, short-term U.S. government securities, deposits at Federal Reserve Banks, and deposits at other large banks are examples of secondary reserves.
Secondary reserves consist of a spread of brief-time periods and incredibly liquid belongings that banks keep in reserve to satisfy deposit withdrawals and other duties.
Those reserves serve as a buffer in opposition to sudden fluctuations in calls for deposits and assist ensure the steadiness of the banking system. Nation and nearby government securities, short-term U.S.
Authorities' securities, deposits at federal reserve banks, and deposits at different large banks are all examples of secondary reserves. These assets may be without problems transformed into coins if needed and are considered low-threat investments.
In comparison, number one reserves are the minimum level of reserves that banks must maintain to fulfill regulatory requirements. These reserves normally encompass coins inside the financial institution's vault and deposits at the federal reserve.
Number one reserves are considered the most liquid belongings and are used to satisfy each day's coins demands.
Maintaining the perfect stage of secondary and number one reserves is critical for banks to make certain their solvency and capability to fulfill their economic responsibilities. The federal reserve monitors banks' reserve ranges and may take motions to ensure that they agree to regulatory requirements.
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Propose a suitable measurement code for:
i. Measuring a warehouse for rental purposes (3marks).
ii. Measuring a residential unit for market value purposes
(3marks).
Answers
For measuring a warehouse for rental purposes, the suitable measurement code is the gross internal area (GIA). The GIA measures the total floor area inside the warehouse's walls. It includes all enclosed spaces, including lobbies, stairways, and storage areas.
The advantage of using the GIA is that it provides a comprehensive measurement that accounts for the entire space, which can be used to calculate rental costs.For measuring a residential unit for market value purposes, the suitable measurement code is the gross external area (GEA). The GEA is the measurement of the total floor area of the residential unit's external walls, including balconies and other external spaces. The GEA measurement is useful because it includes the full living space of the unit, including all internal rooms and external areas.
Additionally, the GEA is used as a standard measurement to compare market values of similar properties to determine a fair market price. This measurement is often used in real estate valuations. Therefore, the gross external area is the suitable measurement code for measuring a residential unit for market value purposes.
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Which wholesaler's channel function is demonstrated when a wholesaler's sales force helps a manufacturer to reach many small customers at a low cost?
A) bulk-breaking
B) selling and promoting
C) buying and assortment building
D) warehousing
E) rackjobbing a manufacturer reach many s mall customers at a low cost
Answers
The correct answer that show us about the wholesaler's channel function is demonstrated when a wholesaler's sales force is B selling and promoting.
The wholesaler's channel function that is demonstrated when a wholesaler's sales force helps a manufacturer to reach many small customers at a low cost is selling and promoting. This function involves the wholesaler's sales force actively promoting the manufacturer's products to small customers, thereby helping the manufacturer to reach a wider customer base at a low cost. This is an important function of wholesalers as they have the ability to reach many small customers that the manufacturer may not be able to reach on their own. Therefore, the correct answer is option B) selling and promoting.
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________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
Answers
Derived Demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
The call for every one of the elements of manufacturing is often referred to as a "derived" demand to emphasize the truth that the relationship between the element's price and the quantity of the element demanded by groups the use of it in manufacturing is directly dependent on the patron name for the very last product(s) the issue.
As a result, the call for exertions is derived name from the call for goods and offerings. For example, if the demand for a first-rate alongside wheat increases, then this results in a growth in the call for hard work, in addition to calls for different factors of production together with fertilizer.
Direct and derived demand. Direct call for is the call for for a completely last precise. food, garb, and cell phones are an instance of this. Also called a self-sustaining call, it's miles impartial of the call for one-of-a-kind merchandise. Derived call for is the call for a product that comes from the usage of others.
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You want to buy a new car that costs $30,000, and you put 20% down payment on the purchase and finance the remainder. How much would your monthly payments be if you borrow the money for 5 years from a credit union at 6% annually?
Remember: You have to make the term of the loan and the interest rate monthly values to align with the monthly payment you want to compute)
Answers
Answer:
$459.60
Explanation:
To calculate the monthly payments on a car loan, we need to know the loan amount, the term of the loan, and the interest rate.
Here, the car costs $30,000 and you put a 20% down payment, which means you will finance the remaining $24,000.
The term of the loan is 5 years, which means there are 60 months in the loan period.
The interest rate is 6% annually. To align this rate with monthly payments, we need to divide it by 12, which gives us a monthly interest rate of 0.005.
Using the above information, we can calculate the monthly payment using the formula for the monthly payment of a loan:
Monthly Payment = [P * (r * (1+r)^n)] / [(1+r)^n - 1]
Where P is the loan amount, r is the monthly interest rate, and n is the total number of payments.
Plugging in the values, we get:
Monthly Payment = [24000 * (0.005 * (1+0.005)^60)] / [(1+0.005)^60 - 1]
Solving this equation, we get a monthly payment of approximately $459.60.
Therefore, if you borrow $24,000 for 5 years from a credit union at an annual interest rate of 6%, your monthly payments would be $459.60.
how many general ledger subaccounts for the construction income account (account
Answers
The number of general ledger subaccounts for the construction income account can vary depending on the complexity of the construction projects. However, some common subaccounts that may be included in a construction income account are contract revenue, change orders, retainage, and progress billing.
The contract revenue subaccount is used to track income from the original contract amount. Change orders are used to track additional income from modifications or changes made to the original contract. Retainage is used to track income that is being held back by the owner or general contractor until the project is completed. Progress billing is used to track income that is billed periodically throughout the project as work is completed. Each of these subaccounts allows for more detailed tracking and analysis of income for construction projects.
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Electricity costs that were incurred by a company's production processes should be debited to:a) Utilities Expense.b) Accounts Payable.c) Cash.d) Manufacturing Overhead.e) Work-in-Process Inventory.
Answers
A company's manufacturing overhead account should be debited for electricity expenses that were spent during production processes. The correct answer is d.
The reason for this is that electricity costs incurred during a company's production processes are considered indirect costs of manufacturing, meaning they are not directly traceable to a specific product or service. Therefore, they are allocated to the Manufacturing Overhead account and then applied to the various products or services the company produces.
The manufacturing overhead account is a holding account for the real overhead expenses paid (debits) and applied to work-in-process (credits) that were really incurred. o As they are incurred, actual overhead expenses are recorded in the account. o As the jobs move through the production process, the applied overhead charges are deducted from the account.
Electricity costs incurred during production should be charged to a company's manufacturing overhead account. The correct option is d.
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use the table and proivded and explain the law of diminshing returns
plz help asap
Answers
Answer:
The law of diminishing returns states that at some point, the amount of additional output per amount of additional input decreases more and more as more inputs are used. In other words, at some point the marginal product will continuously decrease with more labor (input).
This is reflected in the table, where marginal product decreases past 2 units of labor. At 2 units, the marginal product is 14. This reduces to 6 at 3 units, and further to 2 with 12 units of labor.
Explanation:
A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answer from the choices provided A B C D
Answers
Answer:
C
Explanation:
For the accomplishment of a medium-term goal, it takes a time period of almost 1-5 years. Hence, Option C is correct.
What is a medium-term goal?An individual or a group of people set certain goals in life. These goals can be of any type like short-term, medium-term, or long-term. All these time periods depend upon the type of task that is set under the achievement sector. As per the names, it can be understood that it also has a different time duration. For the short term, it can be either a day, a week, or a month or it can be a year.
In the context of the medium-term, the time period can be of one year to five years and for the achievement of a long-term goal, it is more than five years. For instance, if a person wants to get a graduation degree, then they have to pursue the course for a time period of three to four years, for paying a car loan or an education loan, one has to set a medium-term goal.
Thus, Option C is correct.
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believing that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request are examples of
Answers
Believing that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request are examples of Values.
What is Business?An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business.
Values are the essentially enduring and firmly held attitudes and ideas that guide a person's behavior, such as the conviction that justice entails making hiring decisions based on aptitude rather than family history.
The cornerstone of an organization's core principles is what matters most to it. It gives everyone on the team a goal to comprehend, strive for, and live by. Employees learn the successful behaviors that are required of them once you identify and promote your company's values.
Therefore, the Correct answer is values.
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Product-oriented vision statements provide managers with A. goals for employee development. B. goals to improve service. C. strategic flexibility.
Answers
Product-focused vision statements give managers Service objectives
Product-focused management is a management strategy that aims to assess the products or services offered by a team or organisation and develops strategies for improving them. Typically, a specific product team is in responsible of developing a product and guaranteeing its long-term commercial success. Product-Focused refers to a strategy where a company assigns ownership of a product to internal team members. The market's long-term viability of the product has an impact on how the team is rated. This strategy states that the product team will put in endless effort to create and enhance the product in response to the changing market.
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Select the correct answer. How did the North American Free Trade Agreement (NAFTA) benefit the US economy
Answers
The ways in which the North American Free Trade Agreement (NAFTA) benefits the US economy are shown below.
How did the North American Free Trade Agreement (NAFTA) benefit the US economy?The North American Free Trade Agreement (NAFTA) was established in 1994 to promote trade among the United States, Mexico, and Canada. Tariffs on imports and exports between the three participating nations were decreased or removed under NAFTA, resulting in a massive free-trade zone. NAFTA cut costs, boosted productivity, and improved US competitiveness by helping the establishment of cross-border supply networks. He claims that while some jobs were lost in the United States as employees were relocated to Mexico, without the agreement, much more may have been lost.NAFTA entered into force in 1994 with the goal of increasing commerce, removing barriers, and lowering taxes on imports and exports between Canada, the United States, and Mexico.NAFTA, according to the Trump administration, has resulted in trade deficits, plant closures, and job losses in the United States.Therefore, ways in which the North American Free Trade Agreement (NAFTA) benefits the US economy are shown.
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The correct question is given below:
How did the North American Free Trade Agreement (NAFTA) benefit the US economy?
Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period
Answers
The best definition of liability is anything your company owes to someone besides the business owner (option a).
What is liability?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.
Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.
Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.
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The nominal interest rate could best be described as the___rate.
Answers
Answer:
stated
Explanation:
The nominal interest rate could best be described as the stated rate.
The nominal interest rate could best be described as the stated rate. Thus, 'stated rate' is the correct answer.
What is the nominal interest rate?The nominal interest rate, also known as the nominal rate of interest, is the interest rate that is quoted on a loan or investment without any changes or expenses. Real interest rates can be used to account for the effects of inflation. This real interest is what the lender really receives in the case of a loan.
The (effective) real rate of interest, for instance, is zero if the lender receives an interest rate of 8% from a loan and inflation is also 8%. Despite the increased nominal amount of currency received, the lender would not benefit financially from such a loan because each unit of currency would be devalued because of inflation by the same factor as 8%.
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An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
_____ are instances in which a customer connects with a service provider or some other aspect of an organization.
Answers
Contact points are instances in which the customer connects with a service provider or some other aspect of an organization.
Which technique makes reference to turning a losing unit profitable?A turnaround is a reorganisation process that makes the losing firm profitable. The industrial unit is returned to its former place, and performance is stabilised.
Which of the following kind of strategy is referred to as a "growth strategy"?These tactics are referred to as product development, market development, market penetration, and diversification. Market Penetration: This growth strategy is increasing the amount of goods or services a business sells to its present clientele.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
Your employees have an average salary of $37,000 per year. Their benefits, health insurance and a retirement plan, are worth $22,000 per year. What percentage of their total compensation (salary plus benefits) is benefits
Answers
Answer:
i think that answer 15%percentage
A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
Answers
A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
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building commitment to high-performance work systems is:
Answers
Building commitment to high-performance work systems is essential to achieving the desired outcomes and obtaining a competitive advantage.
A high-performance work system (HPWS) is a collection of systematic human resource management practices that are planned and implemented to increase organizational performance (HRM). A high-performance work system (HPWS) combines processes, organizational mechanisms, and human resource practices to create a performance-enhancing environment.
Building commitment to high-performance work systemsBuilding commitment to high-performance work systems is essential to achieving the desired outcomes and obtaining a competitive advantage. To establish commitment, employees must comprehend the benefits and have confidence in their capacity to carry out the necessary duties.High-performance work systems (HPWS) are more likely to succeed when there is a strong link between individual performance and business objectives.
When personnel believe that their efforts are valuable to the company, they are more inclined to work harder and exhibit more initiative. High-performance work systems are strengthened when a strong relationship between employee performance and business results is established.
Furthermore, constructing a culture of engagement in the workplace and providing opportunities for personal development and growth are crucial to creating commitment to high-performance work systems. If employees believe their organization cares about their well-being and career progression, they are more likely to engage in high-performance work practices. Providing continuous feedback, offering constructive criticism, and highlighting employee performance can all be effective ways to build commitment to high-performance work systems.
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Describe the difference between ultimate limit states and
serviceability limit states. Provide at least one example of
each.
Answers
Ultimate Limit States (ULS) and Serviceability Limit States (SLS) are the two types of limit states that are used to design structures.
The main difference between the two is that ULS deals with the safety of the structure, while SLS deals with the usability of the structure.
Difference between Ultimate Limit States (ULS) and Serviceability Limit States (SLS)ULS is the limit state at which the structure is no longer capable of supporting the loads for which it was designed. The structure's failure to support the applied load may result in physical harm to humans, damage to the structure, or the structure's total collapse. The structure's safety is of the utmost importance in ULS design. SLS, on the other hand, refers to the limit state in which the structure's serviceability is compromised. SLS is the state where the user may notice some discomfort or inconvenience. SLS design is aimed at ensuring that the structure is not only secure, but also useful and convenient. Example of Ultimate Limit States (ULS):If the structure is designed to support a maximum load of 1000 kN, ULS would be the state at which the structure fails to support this load. For example, a bridge designed to hold a certain weight may collapse if it is overloaded by vehicles or pedestrians. ULS is the limit state at which the structure is no longer capable of supporting the loads for which it was designed. Example of Serviceability Limit States (SLS): SLS, on the other hand, involves the structure's usability and convenience. SLS is the limit state in which the structure's serviceability is compromised. If a floor deflects too much, for example, it may cause a person walking on it to feel uncomfortable or cause furniture to tip over. Therefore, the SLS is focused on the comfort of the structure's users while also ensuring that it is functional.
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Why do lenders often require a down payment when credit is used to purchase a good?
Answers
Answer:
see below
Explanation:
A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a down payment of up to 20% of the asset's value.
The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer
Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.
Answers
The country will not want their currencies to appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.
The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies therein.
Countries with surpluses in their balance of payments usually have a favorable currency because they exports more than it imports.Hence, the country will not want to see their currencies appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.
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What is the present value of the following set of cash flows, discounted at 15%
per year?
Year 1 2 3 4
CF 100 −$100 $200 −$200
Answers
Present value factor of 15% for years 1 to 4 are multiplied by the respective cash flows for those year and adding them up to arrive at the net present value
Pv factor = 1/(1+r)∧n
Where
r = rate of interest = 15%
n = period = 1 to 4
Present Value
=$100 × pv factor of year 1-$100 pv factor of year 2+ $200 × pv factor of year 3- $200 × pv factor of year 4.
= $100 ×0.8696-$100 ×0.7561+$200 ×0.6575-$200 ×0.5717
= $86.96-$75.61-$131.5 -$114.34
$28.51
The movement of cash into and out of a business is referred to as cash flow. Cash received represents inflows, while cash spent represents outflows. The cash flow statement was a financial statement that details a company's cash sources and expenditures over time. Cash flows from operations, investing, as well as financing are common categories for a company's cash flow.
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how can we build up strong analytical skill discuss
Answers
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
Answers
In the long run, all inputs are variable, so the marginal product of labor will continue to decline as more workers are added. Eventually, the marginal cost of hiring additional workers will exceed the marginal benefit, and it will no longer be profitable to hire more workers.
In the context of a construction business, you would likely stop hiring workers when the marginal product of labor begins to decline, or when the marginal cost of hiring additional workers exceeds the marginal benefit. This decision would be based on your analysis of the costs and benefits of hiring more workers, and your assessment of the efficiency and productivity of your construction process
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Which method of distribution is suitable for sale of Coke in your school? Justify your answer.
Answers
The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
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I hope this helps.
When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
Answers
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
