During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, you come across several items needing further consideration. Currently, net income is $88,000.
A. An insurance policy covering 12 months was purchased on October 1, 2018, for $16,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2018.
B. During 2018, the company received a $2,800 cash advance from a customer for services to be performed in 2019. The $2,800 was incorrectly credited to Service Revenue.
C. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,150 were on hand at December 31, 2018.
D. Trojan borrowed $58,000 from a local bank on September 1, 2018. Principal and interest at 12% will be paid on August 31, 2019. No accrual was made for interest in 2018.
Required:
Using the information in a. through d. above, determine the proper amount of net income as of December 31, 2018.

Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.

In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.

Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.

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Willie's guest count percentage variance is 9.82%.

To calculate the guest count percentage variance

Use the following formula:

Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%

Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%

Guest count percentage variance = (7,477 / 76,079) x 100%

Guest count percentage variance = 0.0982 x 100%

Guest count percentage variance = 9.82%

Therefore, Willie's guest count percentage variance is 9.82%.

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Answer:

saving money regularly for emergency fund

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

A benefit of a monopoly is: a. greater creativity by authors who can copyright their novels.

Because they give artists and innovators the chance to acquire exclusive rights and financial rewards through intellectual property rights, such as copyright protection, monopolies may be an incentive for creativity and innovation.

Knowing that they may enjoy exclusive ownership and possible financial advantage from their works might motivate authors to invest in producing original and distinctive works.

Therefore the correct option is A.

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When you use a debit card to make a purchase, the transaction is finished when the funds are immediately removed from your checking account. Nothing, whether good or negative, is reported to the credit agencies or shows up on your credit report.

You can lose any advantages, privileges, or discounts linked to your bank account if you accrue this form of debt in addition to having a bad effect on your credit score.

While using a debit card, you use your own money, whereas when using a credit card, you use cash from a credit line that has been authorized by the credit card provider. Debit cards don't count toward your credit usage ratio, so closing your account or switching banks won't have an impact on your credit score.

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The revised sentence is "If you review our five-year plan, you will notice that there are measures in place to prevent exceeding the budget.

Sentence revision is important because it ensures clarity and effective communication.

By avoiding confusing jargon, slang, and wordings, revised sentences are easier to understand by a wider audience.

Clear and concise language helps convey ideas accurately and reduces the risk of misinterpretation or confusion.

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The present value amount, given the principal and the partial table of the present value, will be $20,017.28

The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.

The interest rate here is 10% and the amount in 2 years is $24, 234.

Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.

The present value of $24, 234 from two years in the future, in the present is:

= Future value amount x Present value factor for 2 years, 10 %

= 24, 234 x 0.826

= $20, 017.28

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Gatorade countered its Target Audience’s (TA’s) negative experience by offsetting product weaknesses with product development.

A target audience is the intended audience or also known as the readership of a advertisement, publication,or other message catered specifically to said intended audience. A target audience is a share of consumers which business directs is trying to reach by their advertising efforts.

By offsetting the product weaknesses with the product development, Gatorade countered its Target Audience’s (TA’s). Product development is considered as a series of steps which thus includes the design, conceptualization, development and marketing of newly created or newly rebranded goods or services.

Hence, option A is correct.

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4 major manufacturing firms in Nepal

Nepal Lever Ltd. has 3 divisions homecare, Beauty and personal care and has a long history going back to the 1950s, it has FnR that aims for consistent, competitive, profitable and responsible growth.

Himalayan Snacks Pvt. Ltd. was established in 1900 and deals in supplying and trading noodles, foodstuffs, etc. The supplier company is located in Kathmandu, Bagmati.

Unitech Nepal Pvt. Ltd. offers a variety of products and services, some of which are software development, e-web development, mobile application development, digital marketing and IT consulting.

Gorkha Brewery Pvt. Ltd. deals with the production and distribution of alcoholic beverages and was established in 1989 in Kathmandu, Nepal.

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Answer:

Some examples of products that have tariffs restricting their trade or subsidies promoting it are:

Steel and aluminum: The US imposed tariffs on steel and aluminum imports from several countries in 2018, citing national security concerns. Some countries, such as Canada and the EU, responded by imposing retaliatory tariffs on US exports of steel and aluminum. These tariffs have the potential to raise prices for consumers and hurt industries that rely on steel and aluminum imports.

Agricultural products: Many countries impose tariffs on imported agricultural products to protect their domestic farmers. For example, Japan has high tariffs on rice imports, while the US has tariffs on imported sugar. Subsidies for agriculture are also common, with many countries providing financial support to their farmers. These policies can make it difficult for farmers in other countries to compete in the global market.

Textiles and clothing: The US and many other countries have quotas on textile and clothing imports from certain countries, such as China. These quotas limit the amount of products that can be imported and help protect domestic textile and clothing manufacturers. However, removing these quotas could lead to lower prices for consumers and more competition in the industry.

The dangers or benefits of removing a trading barrier or a subsidy depend on the specific situation. Removing a tariff or quota can increase competition and lead to lower prices for consumers, but it can also hurt domestic industries that are unable to compete with imports. Removing a subsidy can reduce government spending and level the playing field for businesses, but it can also lead to job losses and hurt industries that have come to rely on the subsidy. It is important to carefully consider the potential effects of any policy change before implementing it.

Explanation:

Answer:

official goals

The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

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One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.

It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.

Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.

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If a business intends to invest by borrowing funds it will have to pay interest on the borrowed amount.

If the interest rate is 20% or above the investment will not make any profits therefore the borrowing rate should be below 20%.

At the rate of 16% company is able to generate profits by an investment of $10bn. It he borrowing rate further declines to 12% the company can invest $20bn.

If the rates decline by 4 percentage points the company can invest further $10bn.

The correct expression equation will be i = 20 - 4L

The correct answer is b.

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The most likely thing for Robyn to do is B. Find a new career outside the legal profession.

Since he has lost his license to practice law, he would not be able to continue working as a lawyer or in any other legal capacity. In addition, his firing from the State Department would likely make it difficult for him to find employment in a related government agency.

Therefore, the most realistic option for Robyn would be to seek employment in a different field or industry. Appealing his case to the American Bar Association or taking his case to an appeals court would likely not be fruitful options, as his disbarment and firing from the State Department suggest that his ethical lapses were significant and serious.

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This best summarizes the steps the auditor should take- Document the errors and the conclusion that the financial statements are free from material misstatement. Hence, option D is right.

The audit process typically consists of four stages: planning (also known as survey or preliminary review), fieldwork, audit report, and follow-up review, however each audit process is distinct. Participation of the client is essential at every level of the audit process.

Confidentiality, integrity, objectivity, independence, skills and competence, work done by others, documentation, planning, audit evidence, accounting system and internal control, and audit reporting are the fundamental elements of auditing.

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Answer:

answer is c

Explanation:

An effective contract writing will describe all terms and conditions to be conveyed or excluded in the sale in detail.

An effective contract writing will describe all the essential elements and provisions to be conveyed or excluded in the sale in detail. These elements encompass a wide range of aspects that need to be clearly defined to ensure the rights, obligations, and expectations of both parties are accurately outlined.

Firstly, the contract should outline the identification of the parties involved, including their legal names, addresses, and any other pertinent details that establish their identities. This ensures clarity and avoids any confusion regarding the individuals or entities responsible for fulfilling the contract's terms.

Next, the contract should explicitly define the subject matter of the sale. This includes a comprehensive description of the goods, services, or property being transferred, along with any specifications, quantities, quality standards, or other relevant details. Clearly stating what is included and what is excluded in the sale helps prevent misunderstandings and potential disputes in the future.

Furthermore, the contract should outline the purchase price or compensation, including any payment terms, installment schedules, or contingencies. It should specify the currency in which the payment will be made and any applicable taxes, fees, or additional costs that may be incurred during the transaction.

Additionally, the contract should cover the timeframe and conditions of the sale, including delivery or transfer dates, inspection and acceptance procedures, and any warranties or guarantees provided by either party. It should also address any contingencies or conditions that must be met before the sale can be completed.

Moreover, an effective contract writing should incorporate provisions related to the allocation of risks and liabilities. This includes clarifying who bears responsibility for loss or damage during transit or after delivery, as well as any limitations of liability or indemnification clauses that protect the parties involved.

Lastly, the contract should address dispute resolution mechanisms, such as arbitration or mediation, to provide a framework for resolving conflicts should they arise. It should also include provisions related to the termination or cancellation of the contract and any associated penalties or remedies.

In conclusion, an effective contract writing comprehensively describes all the terms and conditions to be conveyed or excluded in the sale. By addressing the aforementioned aspects in detail, the contract minimizes ambiguity, establishes clear expectations, and protects the interests of both parties involved in the transaction.

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Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.

Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.

The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.

According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.

This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.

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Any behaviour in the workplace that an employee finds objectionable malicious conduct that a sane person would deem hostile, unpleasant, and unconnected to an economic interest of the employer.

A reasonable individual would deem verbal or physical behaviour that is threatening, frightening, or humiliating to be abusive, as well as the willful sabotage or sabotage of someone's performance at work. Verbal abuse includes the use of disparaging remarks, slurs, and epithets on a regular basis. Abuse is always unethical and unprofessional behaviour. You and your business could be subject to both criminal and civil fines.

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Evaluating the accuracy of information found online falls into the category of "digital literacy."

Digital literacy refers to the ability to find, evaluate, and use information effectively and critically in a digital environment. It involves skills such as assessing the credibility and reliability of online sources, recognizing biases or misinformation, and making informed judgments about the information encountered online.

Evaluating the accuracy of information is an essential aspect of digital literacy as it helps individuals navigate the vast amount of information available on the internet and make informed decisions based on reliable and trustworthy sources.

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Answer:

The answer would be $29,063

Explanation:

Hope this helps :D

Answer:

1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.

Explanation:

Answer:

Market share

Explanation:

...

Answer:

Various management efforts are employed by Human Resources manager in an organization to ensure talent are used effectively and efficiently. These efforts are made by HR's to achieve the long term objectives of an organization. The key premise of talent management is acquiring, hiring and retaining talented employees.

Now, broad range of talent management efforts that use software applications are team execution, business alignment (align individual goals with corporate strategy), measuring people performance and then create a pay for performance culture. Managers and the HR team use software applications to gain meaningful access to all the data that is required to reward individual employees for their actual performance. The use of software applications in the areas and domains mentioned above serves as an analytical and diagnostic tool.

There are many firms that use these software applications. Companies like Patheon Pharmaceuticals in North America and Faurecia in Europe are two such companies who use SAP's software applications to augment their talent management efforts.

Answer:

February.

Desired ending inventory = 10% of March Cost of goods(COGS):

= 10% * 35,000

= $3,500

Inventory needed = COGS + ending inventory

= 32,000 + 3,500

= $35,500

Beginning inventory = January ending inventory = $3,200

Required Purchases = Inventory needed - Beginning inventory

= 35,500 - 3,200

= $32,300

March

Desired ending inventory = 10% of April COGS:

= 10% * 40,000

= $4,000

Inventory needed:

= 35,000 + 4,000

= $39,000

Beginning inventory = February ending inventory = $3,500

Required purchases:

= 39,000 - 3,500

= $35,500