Answer:
Samples are easier to collect data from because they are practical, cost-effective, convenient, and manageable. It also reduces the time needed to collect and process the data and produce results as it requires a smaller scale of operation.
Explanation:
The reason for conducting a sample survey rather than a full-scale survey is primarily based on cost and time considerations.
Sample surveys are often more feasible and cost-effective than conducting a full-scale survey, especially when the population size is very large.
For instance, in social studies or business research, sample surveys are often conducted to gather information on a particular demographic group or industry sector.
Sample surveys provide an accurate representation of the population under study and allow for the collection of data that can be analyzed to make informed judgments and decisions.
Furthermore, in the economy and accounting fields, sample surveys can provide insight into the demand for certain goods or services, helping businesses adapt to changing market conditions.
While full-scale surveys may be more comprehensive, they may not always be necessary or practical. By using a representative sample, researchers can gather data that is statistically significant and can provide insights into the overall population.
Overall, sample surveys are an essential tool for gathering data in a cost-effective and efficient way.
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Ivan is upset because he feels that Yvette never listens to his ideas in meetings. In their last meeting he offered a suggestion, and Yvette responded by rolling her eyes and ignoring his comment. How should Ivan BEST approach Yvette and communicate with her to try to resolve this conflict?
A personal dialogue with Yvette asking why she never listens is the best first step to take. When the "why" is established, then using empathy and listening skills, Ivan can attempt to put himself in Yvette's shoes to hear the things he says from her perspective.
This will create understanding and help Ivan to be able to speak in the language that Yvette can understand, thus, resolving the conflict.
What is conflict?Conflict is defined as a fight and a collision of interests, opinions, or even values. A dispute will always exist in society, regardless of whether the source of the conflict is personal, racial, class, caste, political, or international.
Well-managed conflict results in improved engagement and creativity, whereas badly managed conflict results in increased stress and worry. Jobs that deal with people are more likely to cause conflict.
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Question 3 of 10 A business would like to increase consumer demand for a product that has not been selling well. According to the law of demand, how could the business accomplish this goal? A. By decreasing the supply of the product B. By increasing the supply of the product C. By selling the product at a lower price D. By selling the product at a higher price SUBMIT It's C
Answer: b
Explanation:
Answer:
The answer is "By selling the product at a lower price"
Explanation:
Just took the test
Marketing involves all of the following EXCEPT
1.2 Assume that there are 600 customers in your target area. The average income per annum per customer amount to R12500. You estimated that each customer spends 2;5% of his/her yearly income on your product/service. You believe that you can enjoy a market share of 25% of the total market.
1.2.1 Calculate, by showing all the steps, potential market share of your business.
1.2.2 Complete the sales budget figures for your business. Assume that you provide the service or sell the product for R50 each.
Answer:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.
Explanation:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.
I need help please
First and foremost, we must understand that marketing campaigns are essential for businesses in a highly competitive market to differentiate themselves; they are also very common when a new product, piece of technology, or innovation is released.
What are importance of marketing campaign?Marketing campaigns that are very effective can be game changers for a firm. A good marketing campaign can break through the clutter and distinguish your business from your competitors, whether you are a small business owner trying to build brand awareness or an existing company launching a new product in the market.
Marketing campaigns can help you raise brand awareness and reach new customers. They also inform your target market about new products and services, help to build your reputation, and engage customers. In other words, they are very critical and essential for any business.
An example of a successful marketing brand using a social media platform is Nike on Ins/ta/gra/m. Nike has been able to effectively use Inst/agra/m to connect with its target audience and promote its products.
The brand has a strong visual identity on the platform, regularly posting high-quality images and videos of its products, as well as athletes and influencers wearing them. The brand has also been able to build a large following on the platform, with over 45 million fol/lowers.
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An integrated management information system was implemented in the Celestial VIllage Continuum of Care, a 180-bed long-term care facility, owned and operated by a religious order. When Eudora Darling was recruited as manager of administrative systems, she discovered that the technology used in the administrative office was several generations obsolete and that none of the work processes or job functions had been restructured to take full advantage of information technology. Statistics were still being collected manually, and calculations were performed by handheld calculators and adding machines using information from manual entries in daily employee logs. Computer software utilities were available for database management, electronic spreadsheet and statistical functions, and publication quality reporting. However, the jobs and work processes in the department had to be analyzed and restructured before the staff could take full advantage of this technology (which has become standard in other administrative environments).
Required:
a. What issues must Ms. Darling address in achieving effective implementation of the new technology?
b. What outcomes could she reasonably expect to achieve through an effective job analysis process?
c. Should external consultants or internal staff implement this change? Explain your response.
Analyzing the case, Ms. Darling as manager of administrative systems must address the restructuring of the company, relating the lack of use of technology to the presence of a strong organizational culture.
The results it could achieve through an effective job analysis process would be to increase clarity about the role of each job and department in order to reduce burden on certain employees and optimize task delegation.
To implement this change, external consultants could be hired in order to provide an innovative, unbiased and broader view with a focus on expected results.
What is organizational culture?It is the set of habits, behaviors and values that are learned and shared in a professional environment, generating beliefs and expectations about an organization.
Therefore, implementing new technologies in an organization can generate resistance and must be implemented smoothly and shared with all employees in order to declare the benefits of change for all.
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Question 16 of 40
What is the difference between specialization and cross-training?
A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.
B. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.
C. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.
D. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced
degree.
The correct answer is C) , Specialization leads employees to focus on a single skill or task while cross-training deals with training employees in multiple skills or tasks.
Specialization and cross-training differ in terms of the focus of training and development. Specialization involves employees focusing on developing expertise in a particular skill or area of work. It often involves becoming highly proficient and knowledgeable in a specific field or task.
Specialization allows employees to become experts in their chosen area and can lead to increased efficiency and productivity in that particular domain.
On the other hand, cross-training involves training employees in multiple skills or tasks that are outside of their primary area of expertise. It aims to provide employees with a broader skill set and the ability to perform different roles within an organization.
Cross-training helps in creating a more flexible workforce that can adapt to changing needs and handle a variety of tasks. It also enhances collaboration and teamwork by enabling employees to understand and appreciate the work of their colleagues in different areas.
Specialization and cross-training are both valuable approaches depending on the organizational needs and employee roles.
Specialization is beneficial when deep expertise and mastery in a specific area are required, while cross-training is advantageous for fostering versatility and adaptability among employees.
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Identify the principles of internal control by selecting the correct answers below. (Check all that apply.)
Multiple select question.
Perform regular and independent reviews.
Match revenues with expenses in the same accounting period.
Record assets at cost.
Insure assets.
Separate recordkeeping from custody of assets.
Apply technological controls.
Maintain adequate records.
Establish responsibilities.
The principles of internal control by selecting
-Apply technological controls
-Perform regular and independent reviews
-Separate recordkeeping from the custody of assets
-Ensure assets
-Establish responsibilities
-Maintain adequate records
assets represent the economic profit realized when the income from a business activity exceeds the costs, costs, and taxes associated with maintaining that activity. Perhaps groups with many businesses or companies with many products use profit instead of profit. In my opinion, the singular is often used in balance sheets and income statements.
Profit is income minus expenses. For gross margin, we deduct some expenses. For net profit, subtract all expenses. Gross profit and operating profit are the roads to net profit. A company's net profit is its earnings after deducting all costs associated with manufacturing, producing and selling its products. Profit is "money in the bank". Passed directly to company owners or shareholders or reinvested in the company.
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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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Stear Corp. has an opening inventory of $2,500. During the year, it made purchases worth $55,000. At the end of the accounting period, the inventory was worth $1,250. What was the cost of goods sold?
A.
$57,500
B.
$56,250
C.
$53,750
D.
$55,000
Answer:
B. 56,250
Explanation:
"Beginning inventory of 2,500 plus purchases of 55,000 minus ending inventory of 1,250 = 56,250 of cost of goods sold."
which of the following statement is correct? a. Process group is the same as project phases, b. each process group has a mapped project phase, c. process group are not project phases, d. the monitoring and control process group applies only in the monitoring and control phase
Answer:
The answer is C
Project groups are NOT project phases.
Using the information presented above, determine the following: Determine EPS for Net Income ('x2) $_____________________ (Round your answer to the nearest whole cent. Example: if you determine EPS from Net Income to be $6.94724, round your answer to 6.95. If you determine EPS from Net Income to be $6.94321, round your answer to 6.94. Do not use dollar signs in recording your answer.)
Question Completion:
Income Before Taxes (from ongoing operations) $2,470,000
Income Tax Rate (’x2) 30%
5% Preferred Stock ($100 Par, 10,000 shares issued)
Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)
Answer:
The company's EPS is:
= 3.46
Explanation:
a) Data and Calculations:
Income Before Taxes (from ongoing operations) (’x2)= $2,470,000
Income Tax Rate (’x2) = (30% * $2,470,000) = $741,000
Net Income after taxes = $1,729,000
5% Preferred Stock ($100 Par, 10,000 shares issued) = $1,000,000
Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)
Outstanding common stock = $500,000
EPS (Earnings per share) = Net income after taxes/No. of outstanding shares
= $1,729,000/500,000
= $3.458
b) The earnings per share (EPS) equals Company A's net profit after taxes divided by the number of its outstanding common stock shares. Using the EPS, it indicates how much money Company A makes for each share of its stock. As a widely used metric, a potential stockholder of Company A can use it to estimate Company A's value when combined with the price per share.
Discuss Two social factors (excluding friends and social interaction) that may contribute to unemployment in South Africa amongst the youth.
Answer:
Timidity and lack of self initiative drive
what are two signifcant reasons why a particular objective or target my not ba attained as planned?
There are many reasons why a target is not achieved as they are planned:
Flexibility is hindered by plans.Ideas are stifled by plans.Planning averts action.What is Planning?Idea organization into doable actions is the process of planning. Strategic planning, tactical planning, operational planning, and contingency planning are the four main subcategories of planning. An organization's aims and objectives are determined through the process of strategic planning.
Thus, An organization's aims and objectives are determined through the process of strategic planning. But sometimes planning creates an obstacle while achieving the target because planning averts the action, and planning makes the process rigid.
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If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to its stockholders, what are the firm's earnings per share if the firm has 100 comma 000 shares of stock outstanding?
Answer:
$5
Explanation:
Earnings per share is the total profit earned by a firm divided by the number of outstanding shares
Earnings per share = earnings / total outstanding shares
$500,000 / 100,000 = $5
Swifty Corporation produces 5000 units of part A12E. The following costs were incurred for that level of production: Direct materials $50000 Direct labor 155000 Variable overhead 70000 Fixed overhead 175000 O If Swifty buys the part from an outside supplier, $15000 of the fixed overhead is avoidable. If the outside supplier offers a unit price of $60, net income will increase (decrease) by $(25000) $(10000). $110000. $85000.
The outside supplier offers a unit price of $60, net income will increase (decrease) by $10,000
The computation of net income will increase (decrease) is given below:-
First we need to find out the relevant cost per unit which is shown below:-
Total relevant cost = Direct material + Direct labor + Variable overhead + Fixed overhead
= $50,000 + $155,000 + $70,000 + $15,000
= $290,000
Relevant cost per unit = Total relevant cost ÷ Number of units to be produced
= $290,000 ÷ 5,000
= $58
Price of supplier per unit = $60
Net increase in cost per unit = ($60 - $58) $2
Number of units to be produced = 5,000
Increase/ Decrease in net income = Number of units to be produced × Net increase in cost per unit
= 5,000 × $2
= $10,000
Therefore, the outside supplier offers a unit price of $60, net income will increase (decrease) by $10,000
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Which of the following requires work in utility operation to create energy for
other people?
A. sewers
B. water
C. oil and gas
Oil and gas
Utilities (water, electricity and gas) are essential services that play a vital role in economic and social development. Quality utilities are a prerequisite for effective poverty eradication. Governments are ultimately responsible for ensuring reliable universal access of service under accountable regulatory frameworks. Increased competition in the utilities sectors in recent years has entailed changes in regulatory frameworks and ownership structures of enterprises, in addition to business diversification. These have impacted job security and working conditions in the sector. Adequate staffing levels and training in the use of new technologies are important for ensuring efficiency and safety in the workplace
What does POS stand for in retail?
Answer:
point of sale
Explanation:
Answer: point-of-sale
Explanation: POS stands for point-of-sale in retail.
The following stockholders' equity accounts arranged alphabetically are in the ledger of Wildhorse Co. at December 31, 2020.
Common Stock ($12 stated value) $1,776,000
Paid-in Capital from Treasury Stock 6,700
Paid-in Capital in Excess of Par-Preferred Stock 48,700
Paid-in Capital in Excess of Stated Value-Common Stock 659,000
Preferred Stock (8%, $101 par, noncumulative) 414,100
Retained Earnings 782,000
Treasury Stock-Common (7,900 shares) 102,700
Required:
Prepare a stockholders' equity section at December 31, 2020.
Answer:
Wildhorse Co.
The stockholders' equity section of the Balance Sheet at December 31, 2020
Preferred Stock (8%, $101 par, noncumulative) 414,100
Paid-in Capital in Excess of Par-Preferred Stock 48,700
Common Stock ($12 stated value) 1,776,000
Paid-in Capital in Excess of Stated Value-Common Stock 659,000
Treasury Stock-Common (7,900 shares) (96,000)
Retained Earnings 782,000
Total stockholders' equity $3,583,800
Explanation:
a) Data:
Preferred Stock (8%, $101 par, noncumulative) 414,100
Paid-in Capital in Excess of Par-Preferred Stock 48,700
Common Stock ($12 stated value) 1,776,000
Paid-in Capital in Excess of Stated Value-Common Stock 659,000
Treasury Stock-Common (7,900 shares) (96,000)
Retained Earnings 782,000
Total stockholders' equity $3,583,800
b) The major components of the stockholders' equity include the stock accounts, paid-in capital, retained earnings, and the treasury stock. The stockholders' equity represents the difference between the assets and the liabilities of Wildhorse Co. The equity section shows the capital contributions of Wildhorse stockholders and the accumulated retained profits.
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. What behavioral characteristic does Shrum have as the basis for her decision making? Please explain your answer.
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. Shrum has fear of regret. She is hesitant to examine stock prices out of concern that they may have increased and she may have lost out on possible gains.
To prevent the fear of regret, the investor may become less risk-averse in the future and may purchase any stock recommended by the media without completing any background investigation. During lengthy bull markets, regret theory leads some investors to continue to invest aggressively, dismissing warning signals of a coming disaster.
According to regret theory, people anticipate remorse if they make the wrong option and take it into account while making decisions. Fear of regret may either deter or motivate people to act. Regret theory has the potential to influence an investor's rational conduct, diminishing their capacity to make financial decisions that benefit them rather than damage them.
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A misconception is a misunderstanding.
O True
False
The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.
It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.
Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.
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Explain one importance of workforce planning. [3]
Explain one importance of employment contracts to
(i) the employee[3]
(i) the employer [3]
Explain one importance of calculating the labour turnover rate for a business. [3]
Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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Mr. Liu turns 65 on June 19. He has never previously qualified for Medicare so his first Medicare eligibility date will be by June 1. Mr. Liu’s ICEP and Part D IEP begin March 1 and end on September 30. He wants prescription drug coverage with his Part A and Part B benefits. What advice c
an you provide him?
The advice that you can provide for him is for Mr Liu to enroll in MA-PD.
What is prescription drug coverage?Prescription drug coverage can be defined as the coverage that help to cover prescription drug of the person under the plan.
Based on the given scenario he should enroll in a MA-PD which full meaning is Medicare Advantage Prescription Drug so long as he enrolls in Part B and he is entitled to Part A.
Therefore The advice that you can provide for him is for Mr Liu to enroll in MA-PD.
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9) Is homelessness ever a good thing? What exactly is a home?
Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. A home improvement store that just began business last year and had $2.7 million in gross receipts.
Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
Partnership or C corporation with less than $5 million in total sales revenue per yearSole proprietorship or S corporation with less than $1 million in total sales revenueCannot be a publicly traded corporationPersonal service businesses with more than 95% of revenue specifically related to services. Family owned farms with total annual sales revenue less than $25 million.what is mangerial accounting with example
Answer:
Managerial accounting (also known as cost accounting or management accounting) is a branch of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information so that it can be used to help managers in a company make choices for it.
Explanation:
Answer:
Management accounting is the accounting used by managers.
Explanation:
For example, imagine a company makes cookies. In order to make a profit on cookies, the management needs to decide, what raw materials to use. How much will they cost? If the raw materials per cookie is $20, then how much should the profit be set to per batch? If the targetted profit is 25% then the price for the cookies to the end customer will have to be $25.
Also, management accounting helps identify how many units to make. So, for example, your bakery costs $1000 rent per month. So, you want to know how many cookies you'll have to sell to at least be able to pay rent for your shop? This is where we do a break-even analysis. So, if you're selling cookies for $25 and cost to make is $20, you're only left with $5.
Now, $1000/$5 = 200 cookies. Now, you know that as a manager/owner that if you want to be able to just make the business viable, you have to sell 200 cookies at $25 a piece.
In repetitive operations it is often possible to automatically check for quality and then reject parts that are unacceptable.
Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary
RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?
A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.
How do we know good and bad behavior?We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.
Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.
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