. In Brewer Cafe, each employee is required to mark on a clock card the hours worked. At the end of each pay period, the employee must have this clock card approved by the department manager. The approved card is then given to the payroll department by the employee. Subsequently, the treasurer's department pays the employee by check. 2. In Evan's Steak House, clock cards and time clocks are used. At the end of each pay period, the department manager initials the cards, indicates the rates of pay, and sends them to payroll. A payroll register is prepared from the cards by the payroll department. Cash equal to the total net pay in each department is given to the department manager, who pays the employees in cash. 3. In Elien's Noodles, employees are required to record hours worked by "punching" clock cards in a time clock. At the end of each pay period, the clock cards are collected by the department manager. The manager prepares a payroll register in duplicate and forwards the original to payroll. In payroll, the summaries are checked for mathematical accuracy, and a payroll supervisor pays each employee by check. Instructions (a) Indicate the weakness(es) in internal control in each company. (b) For each weakness, describe the control procedure(s) that will provide effective internal control. Use the following format for your answer: (a) Weaknesses (b) Recommended Procedures
Answers
By implementing several procedures, each company can strengthen their internal control systems. These controls provide independent checks and verifications, reducing the risk of errors, fraud, or misappropriation of assets.
(a) Weaknesses:
1. Brewer Cafe: The weakness lies in the approval and submission process of clock cards. There is a risk of errors or fraudulent activities since the department manager is solely responsible for approving the cards without any additional oversight.
2. Evan's Steak House: The cash payment process poses a weakness in internal control. By giving cash to the department manager, there is a lack of separation of duties, making it susceptible to theft or mishandling.
3. Elien's Noodles: The weakness in internal control is found in the preparation of the payroll register and payment process. With only the department manager responsible for preparing the register and forwarding it to payroll, there is a potential for errors or unauthorized modifications.
(b) Recommended Procedures:
1. Brewer Cafe: Implement a segregation of duties by introducing a secondary approval process for clock cards. Another manager or supervisor should review and approve the clock cards independently to provide a check on the accuracy and authenticity of the recorded hours.
2. Evan's Steak House: To strengthen internal control, establish a control procedure where the payroll department, rather than the department manager, prepares the payroll register. This will ensure an independent review and verification of the time card data and rates of pay.
3. Elien's Noodles: Introduce a control procedure that involves an independent review and reconciliation of the payroll register.
A designated employee within the payroll department should review the register for mathematical accuracy, verifying the hours worked and rates of pay before payment processing. This separation of duties will enhance control over the payroll process.
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Related Questions
a major industrialized state has a state corporate tax rate of 9.6% of taxable income. if a corporation has a state taxable income of $275,000, what is the total state and federal income tax it must pay? also, compute its combined incremental state and federal income tax rate.
Answers
The answer to the question indicates that the total taxable income is $2,60,600 and that the total marginal rate of federal, state, and local income taxes is 44.86%.
What does "income tax" mean?Both people and businesses must pay the entire (or family units). Individual tax rates are computed based on the money received. Typically, it is categorized as a tax since the burden is thought to fall on the people who pay it.
Briefing :The local tax can be calculated as follows:
State Tax = $275,000 * 0.096
State Tax = $26,400
You can estimate your federal taxable income as follows:
The federal taxable income = $275,000 - $14,400
The federal taxable income = $2,60,600
The tax rate for salaries between 100,000 and 335,000 is now 39%, or 22,250 + 39% above 100,000, as shown in the table also with federal tax rates. Thus,
Federal Tax = $22,250 + 0.39 ($2,60,600 - $100,000)
Federal Tax = $84,884
Therefore,
Total Tax = Federal Tax Plus All State Taxes
Total Tax = $14,400 + $84,884
Total Tax = $99,284
Hence,
The combined incremental state and federal income tax rate = 0.096 + 0.39 (1 - 0.096)
The additional federal and state income tax rate is equal to 0.4486 percent, or 44.86%.
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What does it take for a consumer boycott to be successful?
A. The boycott must be conducted by consumers, producers, and the government
B. The boycott must bring the target company's offensive practices to the attention of the news media
C. The boycott must significantly reduce the target company's profits
D. The boycott must succeed in replacing traditional sales with online sales
Edit: Its C
Answers
Answer: IT'S C!!
Someone said it's b but it's not i just got it wrong
The boycott should be successful when the profits of the target company get minimized.
Option C is the correct answer.
What is meant by the target company?
A target company refers to an entity that is targeted in respect of the boycott movement.
The situation where the consumers of the market agree to not acquire a specific product from a specific company is called a consumer boycott. It represents disapproval towards something.
Therefore, the reduction in profits of the target company results in the success of the boycott movement.
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The longet ide of a right triangle i 20 inche long. The area of the triangle i 96 quare inche. What are the length of the other two ide?
Answers
Answer: The other two sides are both 80 in.
Explanation: The sides of a triangle always add up to make 180, a straight angle. Since you said the longest side, we assume this is an isosceles triangle; therefore, the other two sides are the same length. So,
180-20=160
160 is the remaining length we have after taking away the 20 inches.
160/2=80
Since the other two sides are the same length, we divide 160 by 2 to get an equal amount of length.
based on u.s. census bureau data, name the top two things entrepreneurs tend to have in common.
Answers
According to the U.S. Census Bureau data, entrepreneurs tend to have the following top two things in common: 1. Education level and 2. Work experience.
According to the U.S. Census Bureau data, entrepreneurs tend to have the following top two things in common: 1. Education level: Most entrepreneurs tend to have a higher level of education than the average population. According to the data, approximately 37% of entrepreneurs have a bachelor's degree, and 25% have a master's degree or higher. 2. Work experience: Most entrepreneurs tend to have prior work experience before starting their own business. According to the data, approximately 60% of entrepreneurs had worked at a previous job for more than three years before starting their own business. Thus, based on the U.S. Census Bureau data, education level, and work experience are the top two things entrepreneurs tend to have in common.
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Based on U.S. Census Bureau data, two common traits among entrepreneurs are higher educational attainment and prior work experience in their respective fields. These attributes provide them with knowledge, skills, and industry insights that contribute to their success in identifying opportunities and managing their businesses effectively.
Educational Attainment: Entrepreneurs tend to have higher levels of education compared to the general population. Many successful entrepreneurs have at least a bachelor's degree and some even possess advanced degrees such as a master's or a Ph.D. This higher education can provide them with the knowledge, skills, and critical thinking abilities necessary to identify opportunities, develop innovative ideas, and effectively manage their businesses.Prior Work Experience: Another common trait among entrepreneurs is prior work experience, particularly in the industry or field they are venturing into. Many entrepreneurs have spent several years working in their chosen field, acquiring industry-specific knowledge, building networks, and gaining valuable insights. This experience allows them to identify gaps or inefficiencies in the market and develop solutions that can address those needs effectively.While these two characteristics are commonly observed among entrepreneurs, it's important to note that there is no single formula for success in entrepreneurship. Each entrepreneur's journey is unique, and factors such as passion, determination, creativity, and adaptability also play significant roles in their success.
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What public works project was built to help with unemployment during the great depression?.
Answers
Answer: Im also taking this test and i believe the answer is Hoover Dam i might be wrong
Explanation: Hoover Dam
Mega Millions California lottery involves picking 5 numbers from 1 to 70. If you choose a 5- number combination, what's the probability that it will be the winner?
Answers
In Mega Millions California lottery, a player is required to pick 5 numbers from 1 to 70.
If you choose a 5-number combination, what is the probability that it will be the winner?The total number of ways that the winning numbers can be drawn is the product of the number of ways to choose 5 numbers out of 70 without regard to the order they were drawn. This is equal to:`C(70, 5) = (70!)/(5! * (70 - 5)!) = 12,103,014`Therefore, the probability of winning Mega Millions California lottery by choosing a 5-number combination is:1/12,103,014, or approximately `0.00000824`.
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Which of the following is the best definition of a bit?
A. A measure of computer graphics and sound
B. A physical signal that becomes a digital signal
C. single 1 or 0 in a digital signal
D. An electrical signal in a wire
Answers
Answer: A single 1 or 0 in a digital signal
A measure of computer graphics and sound is the best definition of a bit.
Which of the following is the best definition of bit?A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.
Which of the subsequent is the best definition of a modern-day laptop?A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.
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In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.
Answers
Answer:
12
Explanation:
On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Answers
He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again
according to the video what are some quality's petroleum engineers need? check all that apply.
Answers
Hello! Your answer is shown below,
Petroleum engineers should have natural abilities to make them successful. Personal attributes include strong mathematics and analytical skills to design equipment and solve problems in drilling.
Hope this helps!
Answer:
The answer is
A) willingness to travel
E) problem-solving skills
F) patience
Explanation:
Which of the following best describes why banks aren't allowed to loan out all of their deposits at once?
A. If banks loaned out all of their deposits, the money supply would grow much too slowly
B. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
C. If banks loaned out all of their deposits, there wouldn't be enough money left to provide new customers with loans
D. If banks loaned out all of their deposits, the government would be unable to calculate the bank's tax burden
Answers
Answer:
Answer is B
Explanation:
If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals. Hence, the correct answer is option B.
What are banks?Banks are financial institutions that accept deposits from customers and use those funds to make loans or invest in other financial assets. Banks provide a range of financial services, including checking and savings accounts, loans, credit cards, and investment services. Banks play a critical role in the economy by facilitating the flow of funds between savers and borrowers and providing liquidity to the financial system.
Banks must maintain a certain amount of reserves, which is a fraction of the deposits they receive, to ensure that they can meet customer withdrawal demands. If banks loaned out all of their deposits, they would not have enough reserves to meet these demands, which would lead to bank runs and financial instability.
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Jerry is appraising a five-bedroom home in the suburbs. After identifying the purpose of the appraisal, what does he need to do next
Answers
Based on the provided information, After identifying the purpose of the appraisal, Jerry should Identify what data is needed.
Appraisal can be regarded as formal assessment which could be inform of interview as regards performance of an employee .
Since, Jerry has appraise the five-bedroom home in the suburbs, Therefore, Jerry should Identify what data is needed after identification
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Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing
Answers
Answer:
franchising marketing
statistics and probability questions and an
the website design team also tracks how much time visitors spend on the company website, including the homepage and on product pages. they find that a visitor spends 32 seconds on the home page and 18 seconds on a product page. they also record the probability that a visitor opens product pages in addition to the home page (which all visitors visit) and find
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Question: The Website Design Team Also Tracks How Much Time Visitors Spend On The Company Website, Including The Homepage And On Product Pages. They Find That A Visitor Spends 32 Seconds On The Home Page And 18 Seconds On A Product Page. They Also Record The Probability That A Visitor Opens Product Pages In Addition To The Home Page (Which All Visitors Visit) And Find

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The website design team also tracks how much time visitors spend on the company website, including the homepage and on product pages. They find that a visitor spends 32 seconds on the home page and 18 seconds on a product page. They also record the probability that a visitor opens product pages in addition to the home page (which all visitors visit) and find that 20% only visit the homepage but no product page, 15% visit one product page, 25% two product pages, 30% visit three product pages, and 10% visit four. Your supervisor now tasks you to answer the following questions about the time visitors spend on the company website, using the information given above by the website design team. Again, you should make sure that you show every step, explain your answers by commenting on the choice and appropriateness of tests and methodologies, and mention any important assumptions. 6. Find the expected value and standard deviation of the time a visitor spends on the website and provide an explanation what these values indicate about the time a visitor spends on the website. (15 points) 7. Find the probability that a visitor spends at least 45 seconds but not more than 90 seconds on the website (15 points
Answers
The expected value of time spent on the website is 127.8 seconds, and the standard deviation is 88.98 seconds. The amount of time visitors spend on the website varies widely.
6. Expected value:
The expected value of a random variable is the mean of the variable. It is represented by the symbol E(X).
Expected value of time spent on homepage:
E(X) = (0.2 × 32) + (0.15 × 50) + (0.25 × 68) + (0.3 × 86) + (0.1 × 104)
E(X) = 32 + 7.5 + 17 + 25.8 + 10.4
E(X) = 92.7 seconds
Expected value of time spent on product page:
E(Y) = (0.15 × 18) + (0.25× 36) + (0.3 × 54) + (0.1 × 72)
E(Y) = 2.7 + 9 + 16.2 + 7.2
E(Y) = 35.1 seconds
Expected value of time spent on the website:
E(X+Y) = E(X) + E(Y)
E(X+Y) = 92.7 + 35.1
E(X+Y) = 127.8 seconds
Standard deviation:
It is a measure of the dispersion of a set of data from its mean value. It tells us how much the data varies from the mean value.
Standard deviation of time spent on homepage:
σx =√(((0.2×(32-92.7)²) + (0.15×(50-92.7)²) + (0.25×(68-92.7)²) + (0.3×(86-92.7)²) + (0.1×(104-92.7)²)))
σx = √(4614.3)
σx = 67.93 seconds
Standard deviation of time spent on product page:
σy = √(((0.15×(18-35.1)²) + (0.25×(36-35.1)²) + (0.3×(54-35.1)²) + (0.1×(72-35.1)²)))
σy = √(3428.19)
σy = 58.53 seconds
Standard deviation of time spent on the website:
σx+y = √(σx² + σy²)
σx+y = √(67.93² + 58.53²)
σx+y = 88.98 seconds
The expected value of time spent on the website is 127.8 seconds. This indicates that on average, a visitor spends about 2 minutes on the website.
The standard deviation of time spent on the website is 88.98 seconds. This indicates that the amount of time visitors spend on the website varies widely. Some visitors may spend less than a minute on the website, while others may spend several minutes on the website.
Therefore, the expected value of time spent on the website is 127.8 seconds, and the standard deviation is 88.98 seconds. The amount of time visitors spend on the website varies widely.
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It is a good idea to pursue courses that can assist you in your career path. True or False
Answers
Answer: True
Explanation: because your going to follow the path you want
Is financial analyst hard to study?
Answers
Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.
It may be hard but not IMPOSSIBLE!
Best wishes! :)
Which of these are consequences of an increase in long-run aggregate supply? Correct Answer(s) Drag appropriate answer(s) here an increase in the price level an increase in full-employment output an increase in short-run aggregate supply
an increase in the price level a decrease in the long-run rate of unemployment
Drag appropriate answer(s) here Incorrect Answer(s)
Answers
We can see consequences of an increase in long-run aggregate supply are:
an increase in full-employment outputa decrease in the long-run rate of unemployment.What is aggregate supply?Aggregate supply refers to the total quantity of goods and services that firms in a national economy are willing and able to produce in a given period of time, at a given price level. It is the sum of all individual supply curves for all goods and services in an economy.
Aggregate supply can be divided into short-run aggregate supply, which is affected by changes in the price level, and long-run aggregate supply, which is determined by the availability and productivity of factors of production.
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What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Answers
My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
What is a key requirement of a savings plan?
0 to prioritize saving regularly without exception
O to save any money that has not been spent
Oto prioritize saving money when it is convenient
O to save money whenever you are at the bank or an ATM
Answers
To prioritize saving regularly without exception.
What is a saving plans?
Savings plans are financial solutions intended to encourage responsible saving while providing consistent returns that aid in reaching your financial objectives. These plans, which are typically life insurance products, protect your loved ones' finances in the event that something were to happen to you.What are the benefits of savings plan?
Helps Save Taxes: Since saving plans are essentially life insurance plans, they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.Why is saving crucial?
Having a budget can assist you:Manage unforeseen expenses and crises. Reach your financial objectives, such as saving for a car, a down payment for a home, or your retirement.To know more about savings, checkout this link:
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Write down the procedures of how to operate any three peripheral devices that you have identified.
Answers
There are many devices that are three peripherals, however I have listed down three of them.
Computer
Gaming Console
Scanner
What is a Device?A device is a method to ease the work that is done manually, mostly this word i.e device is used for the electronic machines invented by great scientists.
In three peripheral devices there are three stages of processing as 1. Input 2. Storage 3. Output.
In all the three devices identified, there are three stages.
A computer can be used to input data, it also stores it and not only this but computer also displays the output on the screen.
A Gaming Console also can be used to Input data such as the character can be developed, games installed which will be stored and then output is provided by playing the game with the character.
Scanner also stores the data that is already inputted also it gives the output projected to the computer screen.
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Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answers
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
In estimating the difference between two population means, if a 95 percent confidence interval includes zero, then we can conclude that there is a 95 percent chance that the difference between the two population means is zero.a. Trueb. False
Answers
False. When calculating the difference between two population means, we can say that there is a 95% probability that the difference between the two population means is zero, which is FALSE, if the 95% confidence interval contains zero.
If a 95 percent confidence interval for calculating the difference between two population means contains zero, the difference between the sample means is not statistically significant at the 5% level. A 95% possibility that the difference between the two population means is zero does not imply that it always is. Only the range of values that the genuine difference between the population means is likely to lie within is given by the confidence interval. The word "population" is used to describe the estimated number of individuals who are known to reside in a specific geographic region.
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assume $1 = c$1.0955. a tv you want to buy costs $495 in the u.s. how much will the identical tv cost in canada if absolute purchasing power parity exists?
Answers
Absolute Purchasing Power Parity (PPP) is a theory that suggests that the exchange rate between two currencies should equal the ratio of the prices of a basket of goods and services in each country. identical TV that costs £990 in London would cost ¥151,950 in Tokyo.
To determine the cost of a TV in Tokyo, we need to convert the price in London to yen, using the exchange rates given. £1 = ¥95.42/£0.6211 Thus, £1 = ¥153.61
Using this conversion factor, we can determine the cost of the TV in Tokyo: £990 x ¥153.61/£ = ¥151,950. Therefore, if absolute PPP exists, the identical TV that costs £990 in London would cost ¥151,950 in Tokyo.
It is worth noting that absolute PPP rarely exists in reality due to factors such as transportation costs, tariffs, and non-tradable goods and services. Nonetheless, the theory of PPP serves as a useful tool for analyzing exchange rate movements and trends.
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On his birthday, Kamran receives $200 from his aunt, $50 of which he decides to save. He is taken out by his father for lunch. His father pays the bill. Kamran spends the afternoon playing football. Which of these activities involves an opportunity cost? * A. Eating the free lunch-NO, Playing football-NO, Saving-NO
B. Eating the free lunch-NO, Playing football-NO, Saving-YES
C.Eating the free lunch-NO, Playing football-YES, Saving-YES
D. Eating the free lunch-YES, Playing football-YES, Saving-YES
Answers
Answer: D hope this helps :)
Explanation:
Eating the free lunch-YES, Playing football-YES, Saving-YES
What is saving?Deferred consumption, or not spending money, is saving. Savings strategies involve setting money aside in places including cash, investment funds, pension accounts, and deposit accounts. Reducing expenses, such as regular expenses, is another aspect of saving.
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Please help me with this question
Answers
Answer: Thats easy so its WHY ARE YOU IN PRE K KIDDDDD
Explanation::) SAD JUST SAD AND ALSO the awnser is 2.0
d) How is planning dane? Why is it important
Answers
Answer:
The plan consists of two equal parts, the Dane County Comprehensive Plan and the individual Town Plans created and adopted at the local level.
Explanation:
County Comprehensive Plan
Integrates mutliple county level plans into a framework planning document.
Town Comprehensive Plans
Each town has it's own comprehensive plan that is then adopted by Dane County.
We assist Dane County residents, communities and decision-makers in addressing short-range and long-range comprehensive planning issues related to community and regional development, transportation, environmental resources, community services, housing, and economic development. Provide technical assistance to the County on corporate planning, and assist in the coordination of programs.
Answer:
planning is done for being perfect in specific work without any mistakes and without getting any loss.
when the fomc conducts monetary policy, it sets the target range for
Answers
When the Federal Open Market Committee (FOMC) conducts monetary policy, it sets the target range for the federal funds rate.
The federal funds rate is the interest rate at which banks and other depository institutions lend funds to each other overnight to meet reserve requirements. The FOMC sets this target range as a way to influence overall economic conditions in the United States. The FOMC uses monetary policy as a tool to achieve its dual mandate of promoting maximum employment and stable prices. By adjusting the federal funds rate target range, the FOMC can influence the cost of borrowing for consumers and businesses, and ultimately impact economic activity. If the FOMC believes that the economy is growing too quickly and inflation is becoming a concern, it may raise the federal funds rate target range to slow down economic growth and keep inflation in check. Conversely, if the FOMC believes that the economy is not growing fast enough and unemployment is a concern, it may lower the federal funds rate target range to encourage borrowing and economic activity. Overall, the FOMC's target range for the federal funds rate is a key tool in its efforts to achieve its monetary policy objectives. By setting this target range, the FOMC can influence the overall level of economic activity in the United States and promote its dual mandate of maximum employment and stable prices.
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effective economic demand requires
Answers
Who among the following is an example of an internal customer?
Select one:
a. Vendors
b. Suppliers
c. Distributors
d. Human resources staff
Answers
The correct answer is Personnel in human resources. Option D
Personnel in human resourcesInternal customers are people or departments that rely on or receive products, services, or information from other people or departments that are part of the same company. They are essentially the company's customers.
Among the options provided, human resources staff is an example of an internal customer. In an organization, employees from various departments rely on the human resources department for services such as payroll, benefits administration, employee training, recruitment, and other HR-related functions. Human resources staff provides services and support to internal employees, making them internal customers.
Vendors, suppliers, and distributors, on the other hand, are external entities that provide goods, services, or support to an organization, making them external customers or partners rather than internal customers.
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The stock price of BAC is currently $120 and a put option with strike price of $120 is $5. A trader goes long 200 shares of BAC stock and long 2 contracts of the put options with strike price of $120.
a. What is the maximum potential loss for the trader ?
b. When the stock price is $140, what is the trader’s net profit ?
Answers
the maximum potential loss, we need to determine the difference between the stock price and the strike price of the put options. In this case, the stock price is $120 and the put options have a strike price of $120.
Since the trader is long on 200 shares of BAC stock, the maximum potential loss on the stock position would occur if the stock price falls to $0. Therefore, the maximum potential loss on the stock position is $120 * 200 = $24,000.For the put options, the maximum potential loss would occur if the stock price is above the strike price of $120. Since the put options have a cost of $5 each, the maximum potential loss on the put options is $5 * 2 = $10.
Therefore, the maximum potential loss for the trader is the sum of the maximum potential loss on the stock position and the put options, which is $24,000 + $10 = $24,010. When the stock price is $140, we need to calculate the trader's net profit. For the stock position, the net profit is the difference between the selling price and the buying price. The trader bought 200 shares at a price of $120 and sold them at a price of $140. Therefore, the net profit on the stock position is $140 - $120 = $20 per share.
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