The given statement is true, the reason to justify the statement is:
The market share theory is a legal theory that can be used in products liability cases when a plaintiff is unable to identify the specific manufacturer of a harmful product. Under the market share theory, the plaintiff can recover damages from each manufacturer in the relevant market share based on that manufacturer's percentage of the market. This theory is based on the idea that each manufacturer in the market has a responsibility to produce a safe product, and each manufacturer should share in the liability for any harm caused by the product. The market share theory has been recognized in some jurisdictions as a way for plaintiffs to recover in cases where the traditional methods of proving liability are not available.
This theory allows the plaintiff to recover from multiple manufacturers in proportion to their respective market shares. The plaintiff must be able to show that the product is defective, and that the group of manufacturers being sued collectively produced a significant portion of the product in question. The percentage of the market share that each manufacturer held is then used to apportion liability among them. The market share theory is a legal doctrine that has been recognized in some jurisdictions as a way to hold manufacturers accountable for defective products even when the specific manufacturer cannot be identified.
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a supply company manufactures copy machines. the unit cost (the cost in dollars to make each copy machine) depends on the number of machines made. if machines are made, then the unit cost is given by the function . what is the minimum unit cost
The minimum unit cost for the company is $12,197.
To find the minimum unit cost, we need to determine the vertex of the quadratic function which is given as:
C(x) = x^2 - 520x + 79,797.
The x-coordinate of the vertex can be found using the formula:
x = -b/(2a)
where a and b are coefficients of the quadratic function
From the given quadratic function a = 1 ad b = -520.
Plugging in the values in the formula:
x = -(-520) / (2 * 1) = 520 / 2 = 260
Now, we can find the minimum unit cost by plugging this x-value back into the function:
C(260) = (260)^2 - 520(260) + 79,797 = 67,600 - 135,200 + 79,797 = 12,197
So, the minimum unit cost is $12,197.
Note: The question is incomplete. The complete question probably is: Supply company manufactures copy machines. The unit cost C (the cost in dollars to make each copy machine) depends on the number of machines made. If x machines are made, then the unit cost is given by the function C(x)=x^2 - 520x + 79,797. What is the minimum unit cost? Do not round your answer.
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3. For the setup of discussion-based exercises, additional materials provided by the planning team include:
For the setup of discussion-based exercises, additional materials provided by the planning team include sign-in sheets, feedback forms, Badges to identify participants by roles, and Multimedia presentation.
Discussion-based exercises incorporate seminars, workshops, tabletop exercises (TTXs), and games. These sorts of exercises can be utilized to accustom players to or formulate new, plans, policies, agreements, and methods. Discussion-based exercises emphasize strategic, policy-oriented matters. Functional exercises are organized to validate and consider capabilities, multiple functions and/or sub-functions, or interdependent companies of operations. Seminars commonly orient participants to, or equip an outline of, authorities, procedures, plans, approaches, and ideas.
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Daniel does not get the desired salary hike during his annual appraisal. He is disheartened and feels frustrated but is unable to question his manager. Instead, when he returns home, he shouts at his son for playing video games. In the context of the motivational sources of prejudice, this scenario exemplifies ________.'
In the context of the motivational sources of prejudice, this scenario exemplifies dispalcment.
The psychological defense mechanism known as displacement occurs when someone shifts their anger or other negative feelings from one source to another unrelated target. In this case, Daniel blames his son for playing video games for his frustration and disappointment over not getting the desired pay raise. He shifts his anger onto an unrelated situation rather than talking to his manager about the fundamental problem.
Displacement can result from a number of things such as feeling helpless or unable to address the real cause of frustration. Daniel is transferring his anger onto his son in order to express his feelings in a subtly indirect manner and onto a more accessible target.
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What is a best practice to follow when sending instant messages at work?
A.
Message your coworkers whenever it’s convenient for you.
B.
Whenever possible, use abbreviations to save time.
C.
Use instant messages for personal conversations, such as making dinner plans.
D.
Keep your messages brief and work-related because the recipients may be busy.
If I'm correct, the answer should be D.
It's the most likely answer.
If productivity increases significantly and demand is not very elastic, what is likely to happen?
A
B. Fewer workers will be needed.
C. Division of labor will decrease.
D. Demand will increase.
The number of consumers will increase.
Please select the best answer from the choices provided
A
OB
D
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
B
Explanation:
1. What are some strategies that you can use to prepare to file taxes each year? What would
be the benefits of these strategies?
2 What are the benefits of taxes for societies and individuals?
3. How do taxes influence responsible financial planning? Discuss some examples of how
taxes may influence a financial plan.
4. What are four types of taxes that you pay (or are likely to pay in the future)? Describe
these types of taxes,
5. Find a tax return form and practice filling it out using either your own information or that
of a hypothetical person What are some of the challenges in filling out a tax return? You
can find some forms online here
Answer:
1. Some strategies used to prepare filing taxes each year could include keeping each receipt knowing exactly what you spend, along with a filing system to sort out each piece of information needed for filing taxes with creating new folders and subfolders within.
2.They help pay for roads and other government projects.
3.Personal financial planning method of planning, financing, and investing activities, the taxes help us in meeting our goals and desires. Taxation affects the planning as it created a need and demand for money at the time of retirement. As proper planning is influenced by the taxes and they help to decide more clearly the person's finances and things you want. Hence they help in planning cautiously and adequately.
4. Four types of taxes that you can pay are the State Withholding Tax, a Federal Withholding Tax, a Property Tax, and a Sales Tax. Both withholding taxes are withheld from your paycheck going into state officials and federal officials. Property Taxes are charged against any personal property that you own, and Sales Tax is what you pay on any purchases that you buy, each price varying depending on what state or country you're in.
5. Challenges Faced By people When Filing Their Income Tax Returns:
Failure to enter the correct details.
Incorrect computation income.
Mismatch of important details.
When the employer does not give HRA benefits.
Failure to calculate some deductions which can be claimed.
why banks pay lower interest rates on savings accounts than on certificates of deposits.
Answer:
See below
Explanation:
Savings accounts are more common than certificates of deposits. Banks do not restrict customers on the number of withdrawal and deposits per period in a savings account. Banks consider savings account very liquid because a customer can withdraw their money anytime. Due to this reason, savings accounts attract low-interest rates.
Certificate of deposits, CDs have withdrawal restrictions. In this type of account, the customers agree to keep their money in the bank for a specified period. Banks offer a higher interest rate to encourage customers to keep their money in the account for the agreed duration.
Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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Based on the following information which relates to the Cash account in the Ledger of Remington Company, prepare the bank reconciliation at September 30.
Balance September 1 RM 25, 720; Cash deposited RM 96,000.
Balance September 30 RM 26,100; Cheques written RM 95,620.
The September bank statement shows a balance of RM 24,635 on September 30 and the following memoranda:
Credits
Collection of RM 2,250 note plus interest RM 50
RM 2,300
Interest earned on checking account
RM 65 Debits
NSF cheque: J.E.Hoover
RM 635
Safety deposit box rent
RM 75
At September 30, deposits in transit were RM6,695, and outstanding cheques totalled RM3,575.
NOTE: NSF cheque = not sufficient funds cheque (dishonoured cheque)
The bank reconciliation process helps identify and reconcile the differences between the bank statement and the company's records. Bank Reconciliation at September 30 for Remington Company:
Balance per bank statement (September 30): RM 24,635
Add: Deposits in transit: RM 6,695
Adjusted bank balance: RM 31,330
Balance per company's records (September 30): RM 26,100
Less: Outstanding cheques: RM 3,575
Adjusted book balance: RM 22,525
To reconcile the differences between the bank statement and the company's records, we need to consider the items that have not yet been recorded by either party.
Deposits in transit represent cash deposits made by the company but not yet reflected on the bank statement. In this case, deposits in transit amount to RM6,695.
Outstanding cheques are cheques written by the company but have not yet been cleared by the bank. The total amount of outstanding cheques is RM3,575.
To reconcile the balances, we add deposits in transit to the balance per the bank statement and deduct outstanding cheques from the balance per the company's records.
Adjusted bank balance:
RM 24,635 (balance per bank statement)
+ RM 6,695 (deposits in transit)
= RM 31,330
Adjusted book balance:
RM 26,100 (balance per company's records)
- RM 3,575 (outstanding cheques)
= RM 22,525
The bank reconciliation process helps identify and reconcile the differences between the bank statement and the company's records. By considering deposits in transit and outstanding cheques, we can adjust the balances and arrive at the correct cash position for the company. In this case, after reconciling the differences, the adjusted bank balance is RM 31,330, and the adjusted book balance is RM 22,525.
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_______________ are a comprehensive tool, especially since it would cost our society so much to prosecute and allow a trial for every individual that committed a crime.
Answer:
"Plea bargains" would be the correct approach.
Explanation:
The mechanism by which a convicted criminal as well as lawyer arrive at a mutually agreeable conclusion of such a criminal proceeding needs to be approved by the judge. It is indeed a deal during which the offender seeks to make a reduced case guilty verdict and indeed the complainant offers to dismiss an even more severe punishment.Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
Which resource is renewable resources and scarcity?
Copper is a renewable resource.*Copper is a rare resource that increases its value.
The required details for renewable resource in given paragraph
A renewable resource, also known as flux, is a natural resource that will be restored replenished to replace the portion depleted by use and consumption due to natural reproduction or other repetitive processes in a finite time on a human scale. When the resource recovery rate is unlikely to ever exceed the human timescale, it is referred to as perpetual resources. Renewable resources are part of the Earth's natural environment and the largest component of its habitable zone. A positive LCA is a key indicator of resource sustainability. Definitions of renewable resources can also include agricultural production, such as B. Agricultural products and to some extent carbon resources. In 1962, Paul Alfred Weiss defined renewable resources as: "All living organisms that give life to man, fibers, etc....". Another type of renewable resources are renewable energy sources.
Common sources of renewable energy are solar, geothermal and wind energy, which are classified as renewable resources. Freshwater is an example of a renewable resource.
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what do you call employees from all functional areas and levels of the organization who interact with the system, either directly or indirectly?
The term used to describe employees from all functional areas and levels of the organization who interact with the system, either directly or indirectly, is "end users". End users are the individuals who use the system to perform their daily tasks and responsibilities. They can include everyone from frontline workers to executives, and they may interact with the system in a variety of ways, such as entering data, generating reports, or using dashboards to monitor performance.
End users are critical to the success of any system, as they provide the input and feedback necessary for continuous improvement and optimization. It is important for system designers and developers to take into account the needs and preferences of end users when designing and implementing systems, in order to ensure that they are user-friendly and meet the needs of the organization as a whole.
Employees from all functional areas and levels of the organization who interact with the system, either directly or indirectly, are called "system users" or "end users." These individuals utilize the system for various tasks and contribute to its overall functionality and efficiency within the organization.
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Which is responsible for adjudicating and administering claims filed by employees, former employees, or certain qualified survivors?
The entity responsible for adjudicating and administering claims filed by employees, former employees, or certain qualified survivors is typically a government agency known as the labor or employment standards board or commission. These boards or commissions are established to protect the rights and interests of workers and ensure fair treatment in the workplace.
When an employee or former employee files a claim, the board or commission will carefully review the details of the case and consider relevant laws and regulations. They may conduct investigations, hold hearings, and gather evidence to make a fair and impartial decision.
For example, in the United States, the Equal Employment Opportunity Commission (EEOC) is responsible for handling claims related to workplace discrimination, harassment, and retaliation. They investigate complaints, provide mediation services, and may file lawsuits on behalf of employees when appropriate.
In Canada, the employment standards boards at the provincial or territorial level, such as the Ontario Ministry of Labour, are responsible for adjudicating claims related to issues like unpaid wages, termination pay, and vacation entitlements.
Overall, these labor or employment standards boards play a crucial role in ensuring that employees' rights are protected and that fair outcomes are reached in disputes between employees and employers.
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When you manage a business by the ________________, there is a greater chance that ethics will become compromised.a) corporate directives b) numbers c) aggravating factors d) rules
When you manage a business by the numbers, there is a greater chance that ethics will become compromised.
Managing a business solely based on numbers and financial performance can lead to ethical compromises. Focusing excessively on financial metrics such as profit, revenue, and growth may overshadow ethical considerations. When the primary goal is maximizing financial outcomes, managers may be tempted to engage in unethical practices or make decisions that prioritize short-term gains over long-term sustainability and ethical standards. This narrow focus on numbers can undermine ethical behavior, as it may neglect the broader impact on stakeholders, societal responsibility, and ethical principles.
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Subodh is a wholesaler of A4 Photocopy Paper. He purchases paper in bulk quantities, which enables the manufacturer to take advantage of economies of scale. Subodh purchases paper from manufacturers on cash basis and sometimes even give advance money for bulk orders. As Subodh is in direct contact with the retailers, he keeps informing the manufacturer about the changes in customers' preferences, market conditions, etc. Identify the 'Services of Wholesalers to Manufacturers being provided by Subodh by quoting lines from the given case.
Answer: The services provided by Subodh are 1. Facilitating large-scale production, 2. Collection of market information.
Explanation:
1. Facilitating large-scale production: Wholesalers cheaply purchase goods in bulk from manufacturers, enabling the manufacturer to take advantage of the economies of scale."He purchases paper in bulk quantities, which enables the manufacturer to take advantage of economies of scale."
2. Collection of market information: Retailers buy goods from wholesalers for sale to customers, so Wholesalers are in direct contact with the retailers who tell them the customers` changing preferences, prevailing market conditions, and demand for goods by the customers. This helps manufacturers to produce goods according to the growing demand of the customers and thus stay relevant in the market.
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Which function of the marketing mix enables you to reach out to customers
Answer:
promotion
Explanation:
for plato
Which situation describes a monopoly market structure?
A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.
Answer:
D. One company builds and sells all of the cars available in a
developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.
From the following examples, which one correctly defines a leader?
A. Andy is capable of guiding the members of his team.
B. Steven works within the team.
C. Dan assigns work to other members of his team.
D. Alex is the most active in his team.
Answer:
A
Explanation:
A leader is someone who ensures their team has support and tools to achieve their goals.
Need help ASAP!
Select the described workplace culture from the drop-down menu below.
* workplace culture emphasizes everyone being in agreement
* workplace culture emphasizes development of new skills
* workplace culture emphasizes reacting quickly to change
* workplace culture emphasizes accomplishing goals
Answer:
The workplace culture emphasizes everyone being in agreement.
Explanation:
The workplace culture emphasizes everyone being in agreement.
An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.
It should helped to everyone to achieve their organizational target.
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✔ Consistency-oriented
workplace culture emphasizes everyone being in agreement.
✔ Involvement-oriented
workplace culture emphasizes development of new skills.
✔ Adaptive
workplace culture emphasizes reacting quickly to change.
✔ Achievement-based
workplace culture emphasizes accomplishing goals.
Explanation:
answer on edge
Suppose that a firm operating in a perfectly competitive industry has short-run cost function given by C(q) = 4 + 6q + 4q2. The market price is $30.
(a) What is the firm’s marginal revenue at the profit-maximizing output level? (Hint: No calculations needed to answer this question)
(b) What is the profit-maximizing output level for this firm?
(c) What is the firm’s total revenue and profits at the profit-maximizing output?
(d) What is the minimum price at which the firm will produce a positive level of output in the short run?
(e) Write down the expression for the firm’s short-run supply curve.
The perfectly competitive market, the firm takes the market price as given and faces a horizontal demand curve, so the firm's marginal revenue is equal to the market price. Therefore, the firm's marginal revenue is: $30.
(b) To find the profit-maximizing output level, we need to find the level of output where marginal cost equals marginal revenue. The firm's marginal cost function is given by MC(q) = 6 + 8q. Setting MC(q) equal to the firm's marginal revenue of $30, we have:
6 + 8q = 30
Solving for q, we get q = 3. The profit-maximizing output level for this firm is 3 units.
(c) The firm's total revenue at the profit-maximizing output level is equal to the market price multiplied by the quantity sold, which is:
TR = P × q = $30 × 3 = $90
To find the firm's profits, we need to subtract its total costs from its total revenue. The firm's total cost function is given by C(q) = 4 + 6q + 4q^2. At the profit-maximizing output level of q = 3, the firm's total cost is:
TC = C(3) = 4 + 6(3) + 4(3^2) = $49
Therefore, the firm's profits are:
π = TR - TC = $90 - $49 = $41
(d) In the short run, the firm will produce a positive level of output as long as the market price is greater than or equal to the minimum average variable cost (AVC) of production. The firm's average variable cost function is given by AVC(q) = 6 + 4q.
To find the minimum price at which the firm will produce a positive level of output, we need to set AVC(q) equal to the market price and solve for q:
6 + 4q = 30
Solving for q, we get q = 6. The minimum price at which the firm will produce a positive level of output is $30, which is equal to the firm's marginal revenue at the profit-maximizing output level.
(e) The firm's short-run supply curve is the portion of its marginal cost curve that lies above its average variable cost curve. At prices below the minimum AVC of $6, the firm will shut down and produce zero output. At prices between $6 and $30, the firm will produce the quantity where its marginal cost equals the market price. Therefore, the firm's short-run supply curve is:
q = 0, for P < $6
q = (P - 6)/8, for $6 ≤ P ≤ $30
q = 3, for P > $30
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How a researcher knows what is topical within his or her subject and why it is important to know that
The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
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When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. Group of answer choices transaction dividend exchange international fluctuation
Answer: Exchange
Explanation:
There are different currencies in the world used by different countries. We still need to trade with each other however so there must be a way for us to use our money to buy a good in a country with another currency.
We can do so by exchanging currency at a certain rate known as the exchange rate which is the rate that we can change a unit of one currency to another currency. This rate reflects the relative demand and supply factors of the various currencies such that one currency will be stronger or weaker than the other.
Reasons for unemployment?
Answer:
1.Slow Economic Growth
2.An Increase in Population
3. Slow Growth of Industrialisation
The reasons for unemployment include:
A recession: when there is a recession, the level of output in the economy is low. As a result, there would be less jobs available. low level of wages. When the wages paid to labor is too low, it might discourage people from working. war. When there is a war, economic activities would be disrupted. This would lead to job loss. What is unemployment?Unemployment is when people who are willing and able to get are job are without jobs. Types of unemployment include:
Frictional unemploymentVoluntary unemploymentStructural unemploymentCyclical unemploymentWhen there is a recession, the level of output would be depressed. As a result, unemployment would increase.
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In the end, businesses that use teams tend to have ______. a. Fewer sick leaves b. More profits c. More management d. Fewer products
Answer:
The answers B More profits
Explanation:
Trust me i just made a 100 in the test
In the end, businesses that use teams tend to have more profit. Thus, option (b) is correct.
What is businesses?The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The term “businesses” refers to the primary goal of generating a profit. The company is taking a risk and profiting from it. The enterprises' functions are focused on the creation, distribution, and sale of concepts. The business was the runs on the basis of the consumer behavior.
As a result, the significance of businesses are the aforementioned. Therefore, option (b) is correct.
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Will we ever live in a world without scarcity? Explain.
Answer:
No, as some items are limited and its supply may not be able to meet the demand
Explanation:
e.g. water
there is limited water on earth and recycling water takes time and money
some places may experience drought, increasing demand of water more than what is available
water is then considered scarce in that area, at that point in time
Answer:
Maybe and no.
Explanation:
To answer this question, one must first understand and define scarcity. In one's definition, scarcity is the limited access to a needed supply or the inability to obtain a needed supply.
Following this definition, we can apply this to disparity found throughout the world. The two types of scarcity that are faced daily are natural scarcity and artificial scarcity. Natural scarcity is simply the lack of the necessary resources needed to provide a certain supply, think gold. Artificial scarcity is simply the control of a resource that isn't readily available to the masses although it could be easily, think drinking water.
As there are a finite amount of resources on the planet, the answer to the question "Will we ever live in a world without natural scarcity?" would be no since we can only harvest resources so quickly, and eventually, the resources will be depleted. The only way to solve this long term, it to find resources from other terrestrial bodies, such as asteroids. In the short term, this could be solved by increasing production, but that could lead to other potential problems.
As there will always be the unaccountable "human factor", the answer to the question "Will we ever live in a world without artificial scarcity?" would be maybe. As humans don't place the same value on things or each other, it's impossible to say if we as a species will ever eliminate artificial scarcity. An assumed large portion of artificial scarcity comes from human greed or indifference, since we as a species have the means to help one another, but for some reason or another choose not to.
One could hope that in the future, artificial scarcity will be eliminated, and an alternative resource stream can be found to extend the inevitable natural scarcity.
Hope this helps.
Cheers.
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answer:
D.what type of financial aid you are seeking
the element of fraud which is easiest for companies to eliminate is:______--
The element of fraud which is easiest for companies to eliminate is the opportunity
Fraud is the deliberate misrepresenting of a fact that is done in order to obtain an illegal or unfair advantage. Even if it hasn't resulted in a loss of money, property, or legal rights, fraud can be regarded as a component of both criminal and civil wrong. A firm's internal controls or procedures may be inadequate or vulnerable, which presents an opportunity for fraud.
It can be a difficult and continuing process to find and fix these flaws, one that needs constant evaluation. The part of the triangle that business owners can probably influence the most easily is opportunity. No matter how angry or desperate staff members are, they can only engage in fraud if given the chance to do so. Therefore, implementing and enforcing effective internal controls is one strategy to manage opportunity.
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Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late december 2017, the company repaired samuel mosley's car and charged him $1,000. samuel did not think the problem had been fixed, so he refused to pay; thus, trip refused to release the automobile. in early january 2018, trip made a few adjustments under the hood; trip then convinced samuel that the automobile was working properly. at that time, samuel agreed to pay only $900 because he did not have the use of the car for a week. trip said "fine," accepted the $900, and released the automobile to samuel. an irs agent thinks trip, as an accrual basis taxpayer, should report $1,000 of income in 2017, when the work was done, and then deduct a $100 business loss in 2018. prepare a memo to susan apple, the treasurer of trip, with your recommended treatment for the disputed income.
Answer:
MEMO
To: Treasurer of Trip Garage, Inc.
From: Me
Subject: Dispute over accrued revenue
Mrs. S. Apple,
Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:
Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.
In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.
Regards,
Me
Explanation:
Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:
Dr Accounts receivable 1,000
Cr Service revenue 1,000
If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:
Dr Bad debt expense 1,000
Cr Allowance for doubtful accounts 1,000
If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.
Jordan loves creating short films using his phone camera and small posable figures. He has learned how to edit the videos so that it looks as if the figures are alive and moving! What possible career paths might Jordan want to consider for his future? What type of education should Jordan get? Explain.
Answer:
A possible career pathway is Digital Filmmaking and Video Production. This career involves teaching students video development, post production, and live video production. For this career pathway Jordan should get a master’s degree in digital media studies because this education gives him a chance to learn more about how to improve the quality of his flims and what types of materials make the flims and the objects that are moving look more professional.
Explanation:
A set of procedures used to make modern video products is referred to as digital filmmaking, sometimes known as digital cinematography. These use a variety of equipment and techniques to create various types of material for a variety of media channels.
What's the difference between filmmaking and digital filmmaking?Film cameras are typically cheaper than high-end digital cameras. The film captures the exact image captured by the lens. Digital cameras must convert that light into a digital signature, which may contain visual artifacts. The dynamic range of the film is greater, particularly in darker situations.
The term "digital filmmaking" can refer to a variety of procedures and techniques utilized in current films, such as the usage of digital cameras or more comprehensive digital features such as characters and locations produced entirely within a computer.
Learn more about digital filmmaking here:
https://brainly.com/question/6692406
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