Answer: require the CEO and CFO of corporations to certify the accuracy of financial reports.
Explanation:
The Sarbanes-Oxley Act of 2002 was passed by the US Congress in the wake of the devastating crisis that engulfed the financial world as a result of the dodgy accounting practices of Enron, WorldCom and Tyco amongst others to protect the Public from acts by companies that would seek to deceive and mislead the public in terms of Accounting and Corporate disclosures.
One of the provisions was that Top Executives such as the CEO and the CFOs of companies personally certify the accuracy of the Financial reports. By doing this they can take personal responsibility and if they make a false certification willingly, they could be prosecuted and jailed.
Assume 8% interest rate
You need to pay $12000 tuition fee at the end of each year in the next
6 years. What is the amount that you need to prepare today to pay all
the tuition fees in the next 6 years?
Assume that you have 60476 USD right now. After paying the tuition
fees in the next 6 years, what is the remaining amount at the end of
year 6.
Thus, the tuition fee for 6 years would be $72,000, and after paying the tuition fees in the next 6 years, the remaining amount would be $35,491.81.
Given that you need to pay $ 12000 tuition fee at the end of each year in the next 6 years, to determine what is the amount that you need to prepare today to pay all the tuition fees in the next 6 years, assuming that you have 60476 USD right now and will be invested at 8% per year, and determine, after paying the tuition fees in the next 6 years, what is the remaining amount at the end of year 6, the following calculations must be made:
12000 x 6 = 72000 X = 60476 x (1 + 0.08 / 1) ^ 6x1 X = 60476 x 1.08 ^ 6 X = 60476 x 1.5868 X = 95967.81 95967.81 - 60476 = 35.491.81
Thus, the tuition fee for 6 years would be $ 72,000, and after paying the tuition fees in the next 6 years, the remaining amount would be $ 35,491.81.
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Aoife starts out with 10 lobsters and 5 coconuts. Emma starts out with 10 lobsters and 15 coconuts. After trading, Aoife ends up with 8 lobsters and 10 coconuts. Aoife feels neither better nor worse off than when he started but cannot get Emma to agree to any more trades. Emma feels better off than when he started. Draw the Edgeworth box consistent with this story. Explain.
The Edgeworth box consistent with this story would show a distribution where Aoife has 8 lobsters and 10 coconuts while Emma has 12 lobsters and 10 coconuts.
How will the Edgeworth box illustrate the distribution of goods?The Edgeworth box is a graphical representation used in economics to analyze the distribution of goods between two individuals or economies. It consists of a box divided into two halves with each half representing the allocation of goods to one individual.
The positions within the box represent different allocations and the edges of the box represent the initial endowments of each individual. In this case, Aoife's initial endowment is 10 lobsters and 5 coconuts, while Emma's initial endowment is 10 lobsters and 15 coconuts.
After trading, Aoife ends up with 8 lobsters and 10 coconuts while Emma has 12 lobsters and 10 coconuts. This allocation can be represented by a point within the Edgeworth box where the horizontal axis represents lobsters and the vertical axis represents coconuts.
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One instance of a political or legal trend is the maturing of the "Millennials" cohort in
the United States.
True
False
True. The maturing of the "Millennials" cohort in the United States is an instance of a demographic trend, which can have political and legal implications as this generation becomes a larger portion of the population and gains more influence in society.
What are MillennialsMillennials are a generation of people born between the early 1980s and the mid-1990s or early 2000s, depending on the source. They are also sometimes referred to as Generation Y. Millennials are known for growing up during a time of rapid technological advancement, globalization, and social change.
They are the first generation to have grown up with easy access to the internet, social media, and smartphones, which has shaped their attitudes, behaviors, and worldview.
The values, beliefs, and priorities of the Millennial generation are likely to shape the political and legal landscape in the years to come.
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What account below is not an asset?
A. Capital Stock
B. Inventory
C. Cash
D. Accounts Receivable
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
Elvira is the CEO of All Things Inc. which employs a matrix structure which is the combination of the ________ and ________ structure. Group of answer choices functional; M-form network; functional M-form; simple simple; functional
There are different types of organizational structure. She employs a matrix structure which is the combination of the functional and M-form structure.
A matrix organization is known to be a company structure in which teams do report directly to multiple heads. It often differs from classic structure where team members only report to both a project manager and a department head.
A functional organizational structure is known to be a type of business structure that combines employees based on their specialty, skill or related roles.
The multidivisional or M-form firm is known to be a type of an organization where operating authority is given only to divisions set u along either product or geographic lines.
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Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $14,000. The estimated useful life was four years, and the residual value was $980. Assume that the estimated productive life of the machine was 9,300 hours. Actual annual usage was 3,720 hours in Year 1; 2,790 hours in Year 2; 1,860 hours in Year 3; and 930 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance.
Answer:
Organic Ice Cream Company, Inc.
Depreciation Schedules:
a. Straight-line.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $3,255 $3,255 $10,745
Year 2 $14,000 $3,255 $6,510 $7,490
Year 3 $14,000 $3,255 $9,765 $4,235
Year 4 $14,000 $3,255 $13,020 $980
b. Units-of-production.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $5,208 $5,208 $8,792
Year 2 $14,000 $3,906 $9,114 $4,886
Year 3 $14,000 $2,604 $11,718 $2,282
Year 4 $14,000 $1,302 $13,020 $980
c. Double-declining-balance.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $7,000 $7,000 $7,000
Year 2 $14,000 $3,500 $10,500 $3,500
Year 3 $14,000 $1,750 $12,250 $1,750
Year 4 $14,000 $770 $13,020 $980
Explanation:
a) Data and Calculations:
Cost of new ice cream production kit = $14,000
Residual value = $980
Depreciable value = $13,020
Estimated useful life = 4 years
Annual depreciation expense under straight-line method = $3,255 ($13,020/4)
Estimated productive life of the machine = 9,300 hours
Units-of-productive hours depreciation method per hour = $1.40 ($13,020/9,300)
Year 1 3,720 hours * $1.40 = $5,208
Year 2 2,790 hours * $1.40 = $3,906
Year 3 1,860 hours * $1.40 = $2,604
Year 4 930 hours* $1.40 = $1,302
Double-declining-balance method:
Depreciation rate = 100/4 * 2 = 50%
Year 1 = $14,000 * 50% = $7,000
Year 2 = $7,000 * 50% = $3,500
Year 3 = $3,500 * 50% = $1,750
Year 4 = $770 ($1,750 - $980)
what are some ways the financial crisis in 2008 could've been avoided
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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an installment sale of a taxpayer's entire interest in a passive activity triggers recognition of the suspended losses. True/False ?
The statement that an installment sale of a taxpayer's entire interest in a passive activity triggers recognition of the suspended losses is True.
What is the Interest tax?It should be noted that most interest is taxed at the same federal tax rate as the amount that one earned as income however this encompass the Interest on deposit accounts, such as checking and savings accounts.
It should be noted that the installment sale of a taxpayer's entire interest can be recognized as the passive activity thjat triggers recognition of the suspended losses.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Using the Base Case, calculate total depreciation expense for the year 2023E. Assume that depreciation expense on assets pre-2020E is $7,500 per year. Depreciation on capital expenditures made from 2020E-2024E assumes a 4-year useful life and a salvage value equal to 10% of the original cost.
The depreciation for the year that will be calculated for 2023E is $25500.
How to calculate the depreciation?Depreciation simply has to do with wear and tear of an asset. From the information the following can be deduced:
Capital expenditure = $20000
Salvage value = 10%
Useful life = 4 years
The salvage value will be:
= 10% × $20000
= $2000
The annual depreciation will be:
= Capital expenditure - Salvage value Useful life
= ($20000 - $2000) / 4
= $45000
Depreciation for 2023E will be:
= $7500 + ($4500 × 4)
= $25500
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1.Explain where the market equilibrium occurs.
2.How do we show equilibrium graphically?
3.Share an example from your own experience when the market was not in equilibrium for a product or service.
4.Explain why the market was out of equilibrium (what caused it to be out of equilibrium) and what needed to be done to bring the market back to equilibrium.
Answer:
because they are well known
Question 16 of 30 < > View Policies Current Attempt in Progress Sheridan makes child-size backpacks for a total cost of $10 per unit ($6 per unit variable cost and $4 per unit fixed cost) and a unit selling price of $15. The company has been recently contacted by a local nonprofit to make the 580 child-size backpacks for a unit selling price of $10 per unit. Sheridan currently has available capacity to make and sell the 580 units without adding additional production capacity. What should Sheridan do regarding the special order proposal from the local nonprofit and why? -/1 E O Accept the special order since it is being performed for a nonprofit cause, and the $5 loss can be written off as a charitable contribution. O Reject the special order since the company would lose $5 per unit. O Accept the special order since it will increase operating income by $2320 or $4 per unit for 580 units. O Reject the special order since the special-order price is equal to the total cost to make. Save for Later Attempts: 0 of 1 used Submit Answer
Sheridan should reject the special offer because the special order price is equal to the total cost to make.
What is a non-profit organization?A non-profit organization is described as an organization that does not operate with the intention of earning profit. Instead, the organization works for a cause with dedication, and it can be any social cause.
In this scenario, Sheridan generates $5 by selling every child-sized backpack it makes. It is important to highlight that the variable cost is $6 and the fixed cost is $4. Hence, the $5 profit is essential because Sheridan is not a non-profit company. Sheridan does require a $5 profit on every product to operate sustainably. However, the offer from the non-profit organization does not allow Sheridan to earn any profit on the order of 580 backpacks.
It can be concluded that Sheridan should reject the special offer because the special order price is equal to the total cost to make.
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Which type of agreement does Ronald plan to sign?
Ronald is a first-time entrepreneur. He wants to raise finance for his new business. He does not have any past record of paying off a debt. He has decides to sign a ______
agreement with a bank to get a loan.
The agreement will allow the bank to recover the loan amount by claiming Ronald’s property, personal assets, and investments if he fails to pay off the debt.
Ronald is a first-time entrepreneur. He wants to raise finance for his new business. He does not have any past record of paying off a debt. He has decides to sign a written agreement with a bank to get a loan.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
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discuss open market transaction and moral suasion in promoting growth and development in South Africa
Open market transactions and moral suasion in promoting growth and development in South Africa can be understood as an economic, political and social awareness arising from globalization.
What is monetary policy?They are the decisions of a country's central bank on the supply and money in an economy, in order to positively influence the balance and economic development in a country, through the control of interest rates, the reliability of the banking system and to generate jobs. and reduce inflation.
Therefore, open market transactions and moral suasion about promoting growth and development in South Africa leads to greater awareness of government actions to regulate monetary policy in an expansionary way, to generate employment, monetary incentives for entrepreneurship and increase citizens' quality of life.
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(100 POINTS!!!) LuAnn is a very specific type of photographer. The images that she captures have several prominent characteristics such as representing culture as it is lived rather than mythologized, respectful portraits of members of the community to show their stature, and documenting tribal customs and ceremonies for future generations. What type of photography does LuAnn most likely practice?
A. fashion photography
B. nature photography
C. sports photography
D. indigenous photography
LuAnn most likely practices indigenous photography. Indigenous photography refers to photographs taken by and for indigenous communities that depict the culture, customs, and traditions of those communities. The characteristics of the images LuAnn captures, such as representing culture as it is lived, respectful portraits, and documenting tribal customs and ceremonies, are typical of indigenous photography. The goal of this type of photography is often to give voice and visibility to indigenous communities, as well as to preserve their cultural heritage for future generations.
Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Seidner Company has the following information available:
Total fixed costs $80,000
Targeted after-tax net income $18,000
Contribution margin per unit $2.00
Tax rate 40%
How many units must be sold to achieve the targeted after-tax net income?
A) 45,400
B) 49,000
C) 55,000
D) 62,500
1. Demonstrate understanding of the value of auditing in an economy and theories explaining the demand for auditing;
2. Discuss the role of auditing and other assurance services in society and the public’s expectation for these services.
3. Describe issues associated with the audit of public sector, not-for-profit and small business entities.
4. Critically evaluate the professional, legal, ethical and regulatory framework within which audits and other assurance engagements are carried out,;
5. Discuss current developments in auditing.
6. Audits can be categorized into different types: Like; (1) financial statement audits, (2) compliance audits, (3) operational audits, and (4) forensic audits.
Required: For each of the following descriptions, indicate which type of audit (financial statement audit, compliance audit, operational audit, or forensic audit) best characterizes the nature of the audit being conducted. Also indicate which type of auditor (external auditor, internal auditor, government auditor, or forensic auditor) is likely to perform the audit engagement.
a. Determine the fair presentation of Ajax Chemical’s balance sheet, income statement, and statement of cash flows.
b. Review the payment procedures of the accounts payable department for a large manufacturer.
c. Examine the financial records of a division of a corporation to determine if any accounting irregularities have occurred.
d. Evaluate a company’s computer services department in terms of the efficient and effective use of corporate resources.
e. Audit the partnership tax return of a real estate development company.
f. Investigate the possibility of payroll fraud in a labor union pension fund.
g. Examine contractual agreements with bankers and other lenders to be sure the company is complying with legal requirements
1. Auditing plays important role by providing assurance and credibility to financial statements which enhances investor confidence and promotes efficient allocation of resources.
Why is auditing important for the economy?Auditing is essential for the economy as it helps maintain trust and confidence in the financial information reported by businesses. By conducting independent assessments of financial statements, auditors provide assurance to stakeholders that the information is reliable and accurate.
This assurance is particularly valuable for investors, creditors, and other parties who rely on financial statements to make informed decisions. Auditing also helps detect and prevent fraud, mismanagement, and other financial irregularities and thereby safeguarding the integrity of the financial system.
2. Auditing and other assurance services play a vital role in society by providing independent evaluations of financial statements and other information enhancing the reliability and credibility of financial reporting.
3. Issues associated with the audit of public sector, not-for-profit, and small business entities include unique reporting requirements, limited resources etc.
4. The professional, legal, ethical, and regulatory framework surrounding audits and assurance engagements should be critically evaluated to ensure independence, competence, integrity, adherence to standards, and the protection of public interest.
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Through____, managers get to know employees and their work ethics, and they can determine which employees will help the business achieve its goals and meet its objectives
A.Planning
B.organizing
C.controlling
D.leading
Answer:
The answer is D. leading.
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How can you make positive economic choices?
Answer:
All choices require giving up something in your life whether that is friends or family, or things that you really want. Economic choices require you to think do you really want this and what is the benifit out of it, like what do you get out of making this decision. The economic things are what will be produced, how will it be produced, and how will the output society produces be distributed
Explanation:
7. Foreign help Which of the following actions may help a less-developed country (LDC) escape from the vicious circle of poverty? Check all that apply. Aid from wealthy countries Loans from international organizations, wealthy countries, and private banks Technological help from industrially advanced countries Higher consumption Restrictions on foreign private investment In the following table, match each description to the appropriate international aid and loan agency Description International Aid and Loan Agency The multilateral lending agency that makes long-term, low-interest loans to LDCs to finance infrastructure projects The U.S. agency responsible for distributing U.S. development aid and making bilateral loans to foreign countries The multilateral lending agency that makes short-term conditional low-interest loans to developing countries experiencing financial distress
Many predicativist mathematics in the early 20th century supported the vicious circle idea as a way to avoid inconsistencies.
Which loan is the easiest to get?The mortgages that are the easiest to be granted for are payday lenders, auto title loans, gunshop loans, and no character check personal loans. Because they provide fast cash and have few requirements, these loans are available to people with bad credit. Most of the time, they are also very expensive.
How can I apply for a loan right away?Applying online for a bank loan from a company known for swift approval and money is the easiest method to acquire a loan right away. LightStream is the finest lender for quick personal loans because it finances loans as fast as
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Why do firms engage in collusion even though it is against the law?
Collusion between companies is illegal, yet there are still a number of reasons why it may occur. Setting prices and regulating the market Coordination of pricing strategies among businesses enables them to steer clear of price rivalry. They can keep their prices higher and boost their profits by establishing prices together.
Businesses' ability to create and sustain market dominance may be aided by collusion. Through cooperation, businesses can control the market as a whole, prevent the introduction of fresh rivals, and lessen the pressure from the marketplace. Through pricing management, larger profit margins, and a more stable market position, this may be possible.
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Required Materials
Slide presentation software
The role of many federal government regulatory agencies is to protect consumers and businesses. The laws regulated by these agencies enforce ethical, safe, and professional practices from business owners toward consumers.
Follow these steps to complete this activity. You will create your project in a slide presentation program based on the directions below.
Step 1:
Open a new slide deck and include six slides.
Title the first slide, “The Role of Federal Regulatory Agencies”
Step 2:
Add one of these titles to each of the five slides following the title slide:
Consumer Product Safety Commission (CPSC)
Food and Drug Administration (FDA)
Environmental Protection Agency (EPA)
Federal Trade Commission (FTC)
Securities and Exchange Commission (SEC)
Step 3:
On each slide, include the following information relevant to the agency’s name and function:
Provide a brief description of that agency.
Describe the function of that agency.
Include an example of a business that would need to follow that agency’s guidelines.
If possible, provide a relevant image on each slide from the PPT library or from a creative commons photo site.
Creating a slide presentation on federal regulatory agencies can help you understand the role of these agencies and their importance in protecting consumers and businesses.
Creating a Slide Presentation on Federal Regulatory Agencies:Slide 1: The Role of Federal Regulatory Agencies
In this slide, provide a brief overview of the role of federal regulatory agencies and their importance in protecting consumers and businesses.
Slide 2: Consumer Product Safety Commission (CPSC)
This include a brief description of its function in protecting consumers from hazardous products. Provide an example of a business that would need to follow CPSC guidelines such as a toy manufacturer.
Slide 3: Food and Drug Administration (FDA)
This include a brief description of its function in ensuring the safety and efficacy of food and drug products. Provide an example of a business that would need to follow FDA guidelines such as a pharmaceutical company.
Slide 4: Environmental Protection Agency (EPA)
This include a brief description of its function in protecting the environment and human health. Provide an example of a business that would need to follow EPA guidelines such as a chemical manufacturer.
Slide 5: Federal Trade Commission (FTC)
This include a brief description of its function in promoting competition and protecting consumers from deceptive business practices. Provide example of a business that would need to follow its guidelines such as a telemarketing company.
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An example of the effect of globalization on US consumers is what
Answer:
Decreases the cost of manufacturing
Explanation:
Decreases the cost of manufacturing
b) Find the standard deviation and the coefficient of variation of the following data. 25 Marks Interval Frequency Interval Frequency 3.00-3.25 6 4.00-4.25 47 3.25-3.50 19 4.25-4.50 29 3.50-3.75 35 4.50-4.75 15 3.75-4.00 44 4.75-5.00 5
The standard deviation is 0.4182 and the coefficient of variation is 10.5%.
Given the following data Interval Frequency 3.00-3.25 64.00-4.25 473.25-3.50 194.25-4.50 293.50-3.75 354.50-4.75 153.75-4.00 445.00-4.75 5 The formula for finding the standard deviation is:\($$ \sigma =\sqrt{ \frac{\sum f(x-\overline{x})^2}{N}} $$\)
The table below shows the calculation; Interval \($X$ Midpoint ($X_i$)\) Frequency \(($f$) $x-\bar{x}$ $f(x-\bar{x})$ $(x-\bar{x})^2$ $f(x-\bar{x})^2\)
$3.00-3.25 3.125 6 -0.725 -4.35 0.525625 3.153.25-3.50 3.375 19 -0.475 -9.025 0.225625 4.279.50-3.75 3.625 35 -0.225 -7.875 0.050625 1.773.75-4.00 3.875 44 0.025 1.1 0.000625 0.274.00-4.25 4.125 47 0.275 12.925 0.075625 3.554.25-4.50 4.375 29 0.525 15.225 0.275625 7.994.50-4.75 4.625 15 0.775 11.625 0.600625 9.01.75-4.00 4.875 5 1.025 5.125 1.050625 5.25 \($\sum f=200$ $\sum f(x-\bar{x})= 3.15$ $\sum f(x-\bar{x})^2= 35.01$\)
The variance is: \($ \sigma^2 =\frac{\sum f(x-\overline{x})^2}{N} $$\sigma^2=\frac{35.01}{200}=0.1751$\)
Therefore, the standard deviation is: \($$ \sigma=\sqrt{ \sigma^2} $$$ \sigma=\sqrt{ 0.1751}=0.4182$\)
The formula for finding the coefficient of variation is:$$ C.V = \(\frac{\sigma}{\overline{x}} \times 100\% $$\)
The coefficient of variation is:$$ C.V = \(\frac{0.4182}{3.985} \times 100\% $$$C.V = 10.5\%$\)
Therefore, the standard deviation is 0.4182 and the coefficient of variation is 10.5%.
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The first thing you should do when you receive a job application is read the entire document before you begin
completing it.
True
False
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A production manager is looking for new sources of raw material because he
is concerned about the effects of a long-term drought. This manager is
engaging in
A. enterprise risk management
B. scenario analysis
C. diversification planning
O D. offshore outsourcing
The manager is engaged, based on the looking out for new sources of the material needed, in Enterprise Risk management.
What is Enterprise Risk Management ?Enterprise risk management (ERM) is a systematic approach to identifying, assessing, and controlling risks that an organization faces in achieving its objectives. It involves the processes and systems used by organizations to assess and manage the uncertainty inherent in their operations and activities.
The goal of ERM is to help organizations make informed decisions that balance the trade-off between risk and reward and promote long-term success. This is what the manager is doing by trying to get ahead of the drought.
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Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Tastee Restaurant accepted a Visa card in payment of a $200 lunch bill. The bank charges a 3% fee. What entry should Tastee make
Answer: See explanation
Explanation:
First, we need to calculate the service charge expense which will be:
= 3% × $200
= 0.03 × $200.
= $6
Therefore, the entry that Tastee should make will be:
Debit: Cash $194
Debit: Service charge expense $6
Credit: Sales revenue $200