Answer:
Context, culture and content
Explanation:
Gift giving in business is common and also contentious. Business gifts are often for advertising, sales promotion, and marketing communication medium.
These kind of gifts are for the following reasons:
1. In appreciation.
2. In the hopes of creating a positive first impression.
3. Returning a favor or expecting a favor in return for something.
When it comes to considering appropriate business gifts it is helpful for one to think about the content of the gift, the context of the gift, and the culture in which it will be received.
Giving a gift to a potential client for the purpose of influencing their behavior is a form of Bribery.
Anna Roszcko has $1,200 in her savings account. She earns 4.5 percent interest. How much will she earn in 9 months?
Answer:
$40.5
Explanation:
Interest is calculated using the formula.
I= p x r x t
where I = interest
p= principal amount: $1200
r= interest rate: 4.5% or 0.045
t= time in year. 9 months which is 9/12 or 0.75 years
i =$1200 x 0.045 x 0.75
I =$54 x 0.75
I =$40.5
Interest earned is $40.5
Little Rhody Manufacturing needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $70,000 and is expected to last 6 years, and the second system costs $102,000 and is expected to last 9 years. Assume that the opportunity cost of capital is 12 percent. Which air-conditioning system should you purchase
Answer:
The first option should be considered for purchase as its has a lesser EAC
Explanation:
Option 1 Option 2
Cost $70,000 $102,000
Opportunity cost 12% 12%
of capital
Useful Life 6 years 9 years
PVAF 4.114 5.3282
Equated Annual Cost $17,025.83 $19,143.43
Conclusion: The first option should be considered for purchase as its has a lesser EAC.
Working
PVAF (12%, 6 years) = 4.114
PVAF (12%, 9 years) = 5.3282
Equated annual cost = Cost / PVAF (r%, n years)
Harlow Appliance has just developed a new air fryer it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the below information:
Based on the positive NPV of $419,910, I would recommend that Harlow accept the device as a new product.
Net cash inflow for each year:Year Sales in units Sales Revenue Variable Costs Contribution Margin Fixed Expenses Net Cash Inflow
1 6,000 $420,000 $240,000 $180,000 $130,000 $50,000
2 9,000 $630,000 $360,000 $270,000 $130,000 $140,000
3 10,000 $700,000 $400,000 $300,000 $130,000 $170,000
4 12,000 $840,000 $480,000 $360,000 $130,000 $230,000
5 9,000 $630,000 $360,000 $270,000 $130,000 $140,000
6 7,000 $490,000 $280,000 $210,000 $130,000 $80,000
Step 2/5
b. Based on the positive NPV of $419,910, I would recommend that Harlow accept the device as a new product. The NPV indicates that the project is expected to generate more cash inflows than outflows, providing a return higher than the required rate of return of 10%.
Step 3/5
3.
a. NPV calculation with a required rate of return of 12%:
Year Net Cash Inflow Present Value Factor (12%) Present Value
1 $50,000 0.893 $44,650
2 $140,000 0.797 $111,940
3 $170,000 0.712 $121,040
4 $230,000 0.636 $146,280
5 $140,000 0.567 $79,380
6 $80,000 0.507 $40,560
NPV = Present Value of Net Cash Inflows - Initial Investment
= ($543,850 - $157,500)
= $386,350
Step 4/5
b. Based on the positive NPV of $386,350, I would still recommend that Harlow accept the device as a new product even with a higher required rate of return of 12%. The project is still expected to generate more cash inflows than outflows, providing a return higher than the required rate of return.
Step 5/5
4. The general observation is that as the required rate of return increases from 10% to 12%, the NPV decreases from $419,910 to $386,350.
This suggests that the higher the required rate of return, the lower the expected return on investment for the project, which may reduce the project's attractiveness.
However, the project still generates a positive NPV at both
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Harlow Appliance has just developed a new air fryer it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the below information:
A. New equipment would have to be acquired to produce the air fryer. The equipment would cost $157,500 and have a six-year useful life. After six years, it would have a salvage value of $7,500.
B. Sales in units over the next six years are projected to be as follows:
YEAR
SALES IN UNITS
1
4,500
2
6,000
3
7,000
4-6
10,000
C. Production and sales of the air fryer would require working capital of $30,000 to finance accounts receivable, inventories, and day-to-day cash needs. This working capital would be released at the end of the project’s life.
D. The air fryer would sell for $70 each; variable costs for production, administration, and sales would be $40 per unit.
E. Fixed costs for salaries, maintenance, property taxes, insurance, and straight-line depreciation on the equipment would total $100,000 per year. (Depreciation is based on cost less salvage value.)
F. To gain rapid entry into the market, the company would have to advertise and the costs would be:
YEAR
ANNUAL ADVERTISING ($)
1-2
$135,000
3
$112,500
4-6
$90,000
G. The company’s required rate of return is 10%.
Requirements
Based on the above details, please complete the below requirements for a total grade of 60 marks (5%).
1. Compute the net cash inflow (incremental contribution margin minus incremental fixed expenses) anticipated from sale of the device for each year over the next six years. (20 marks)
2. Using the data computed in (1) above and other data provided in the case,
(a) determine the net present value of the proposed investment rounding present value factors to three decimal places and amounts to whole dollars. (18 marks)
(b) Would you recommend that Harlow accept the device as a new product? Why? (2 marks)
3. Assuming instead that the required rate of return is 12% rather than 10%,
(a) determine the net present value of the proposed investment rounding present value factors to three decimal places and amounts to whole dollars. (15 marks)
(b) Would you recommend that Harlow accept the device as a new product? Why? (2 marks)
4. When comparing parts 2 and 3, what general observation do you notice? (1 mark)
The division of responsibility between corporate and business strategy is consistent with the following principle:
a. The hierarchical nature of authority within organizations
b. Corporate level strategy is the domain of headquarters executives; divisional managers are responsible for business strategies
c. Delegation is the key to reconciling responsiveness and adaptability with overall integration
d. Corporate level strategy is the domain of the parent company; functional managers are responsible for business strategies
B) Executives at headquarters are in charge of corporate-level strategy; Business strategies are the responsibility of divisional managers.
Who in an organization is in charge of strategic management?
The CEO is in charge of the strategic planning process and is in command of it. They frequently play the role of the visionary, hoping to present the options available for the future and obtain board approval.
Which division is in charge of strategy?
As a coordinating body, a corporate strategy department creates and implements strategies that advance the company's overall objectives while also meeting the needs of individual departments.
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A company received a utility bill of $610 but did not pay it. Indicate the amount of increases and decreases in the accounting equation
Answer:
account payable increase and credit increase as well
Explanation:
Which of the following is not an important factor to assess when identifying appropriate precedent transactions?
Answer:
how to answer that ?????
The factor that is not important for the identification of precedent transactions is Accretive/dilutive effect of the transaction on the acquirer. Thus, option 2nd is correct.
What is precedent transaction?Precedent transaction refers to the valuation process of the price being paid for the similar companies in the past is taken into account as a gauge of a valuation of company's value.
An estimation of a share's value in the event of an acquisition is produced through precedent transaction analysis. It is the limitation of the precedent transaction that past cost may not reflect the prevailing conditions of the market.
Therefore, it can be concluded that The accretive or dilutive effect of the acquisition on the acquirer is a criterion that is not crucial for identifying prior transactions. Hence, option 2nd is correct.
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Your question is incomplete, but most probably the full question was...
Which of the following is not an important factor to assess when identifying appropriate precedent transactions?
1) Transaction rationale
2) Accretive/dilutive effect of the transaction on the acquirer
3) Transaction size
4) Industry & financial characteristics
The fixed costs for Teddy bikes are $ 1000, the variable costs are $855, and the firm's revenues are $950.What should the firm do?
If the variable costs are $855, and the firm's revenues are $950, then the firm should cut down the variable cost in order to increase the profit or revenue as the fixed cost cannot be changed in short run.
What is fixed cost?A fixed cost is a cost that does not fluctuate with the production or sale of more or fewer goods or services.
Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
The term "variable cost" refers to a sort of cost that will fluctuate in response to changes in production levels.
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What could be driving the tremendous growth in Salesforce.com’s stock price and revenue? and Why do you think investors put such a high premium on Salesforce.com’s stock?
Salesforce's fourth quarter of fiscal 2023, which concluded on January 31, saw a 14% year-over-year increase in revenue to $8.4 billion. Wall Street forecasts projected for $8 billion in revenue, thus this exceeded their projections.
Why investors put such a high premium on Salesforce.com’s stock?
Shares of Salesforce (CRM) are soaring after the software giant reported profits that above analyst expectations, provided a more optimistic outlook, and announced intentions to increase stock buybacks in response to pressure from activist investors. Salesforce's $8.4 billion in revenue increased by 14%, above the predicted 9.2% rise. The yearly revenue for Salesforce in 2023 was $31.352 billion, an increase of 18.35% over 2022.
Salesforce's yearly sales in 2022 increased by 24.66% from 2021 to $26.492 billion. A 24.3% rise from 2020, Salesforce's yearly revenue in 2021 was $21.252 billion. According to valuation criteria, Salesforce Inc. can be overpriced. It would not be a good choice for value investors, according to its Value Score of D. CRM's financial stability and expansion prospects show that company has the potential to perform worse than the market.
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Othello S. Corporation produces and sells a single product. The information about their operation for the last month is given below. Price per unit $40.00 Contribution margin ratio 50% Fixed expenses $8000 Operating leverage 2 Q: How many units did they sell during the last month
Answer:
400 units
Explanation:
price per unit $40
variable costs per unit $20
fixed expenses $8,000
operating leverage = fixed costs / total costs
operating leverage = 2fixed costs = $8,000total costs = ($8,000 + total variable costs)2 = $8,000 / ($8,000 + total variable costs)
2($8,000 + total variable costs) = $8,000
$4,000 + 0.5(total variable costs) = $8,000
0.5(total variable costs) = $4,000
total variable costs = $4,000/0.5 = $8,000
total variable costs = total output x variable cost per unit
$8,000 = total output x $20
total output = $8,000 / $20 = 400 units
if a business sucessfully implements price disctimination which of the followibng statements will be true
The practice of charging different prices to different clients is known as price discrimination. When Can Businesses Be Successful.
What statement regarding price discrimination is accurate?Companies can extract some of the consumer surplus as additional profit by discriminating on prices. Pricing discrimination is used by businesses to extort more money from its clients.
Which of the following must be true for a pricing discrimination strategy to be effective?The identification of various market segments is a crucial requirement for price discrimination to take place. If this is true, various groups' price elasticity of demand will vary. Because of this, the company can set different rates based on how sensitive its customers are to price changes.
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The primary purpose for using the the mean absolute error (MAE) in forecasting is to: A. remove forecast error B. estimate the trend line C. estimate forecast error D. seasonally adjust the forecast
Answer:
measure forecast accuracy
Explanation:
The main purpose for using the mean absolute error is to do the forecast in an accurate manner. Also, it provides the measure for total forecast error for the given model
Therefore as per the given situation, the above represent the answer as neither it remove the error, nor estimated the trend line, etc
So, the same should be considered
Margaret incurred one personal casualty loss caused by a federally declared major disaster in 2019. The amount of the loss, after all reimbursements had been subtracted, is $2,500. Margaret's AGI is $35,000. What is the amount of her casualty loss deduction
Answer:
$0
Explanation:
There are two Step for the computation of casualty loss deduction if the casualty loss is personal
Step 1 Reduce $100 per casualty event from the casualty loss
Step 2 Reduce 10% of the AGI from the amount you get from step 1
Data
Loss = $2,500
AGI = $35,000
Deduction =?
Solution
Step 1 = $2,500 - $100 = $2,400
Step 2: $2,400 - ($35,000 x 10%) = $0
If the amount in step 2 is $0 then the person is not eligible for casualty loss deduction
Can someone just answer this question for me in a full sentence. "How long are you paying off your loan? Why did you pick that length?" It's for a project.
Note that the length of time it takes to pay back a loan depends on the interest rate, the principal, and the amount to be paid back each month.
How do you compute the duration of a loan?To begin, calculate your loan's periodic interest rate by dividing the yearly rate as a decimal by the number of installments you make every year. Second, divide the periodic rate by the amount owed. Third, divide the figure by the monthly payment.
One sure factor that can help you stay on track and monitor or manage your loan payback plan is to first have a budget. It's always best to offset the larger portions of the loan first. This way the rest is easier to deal with.
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The primary goal of market research by entrepreneurs is to:
a) Reduce costs
b) Analyze data
c) Make better decisions
d) None of the above
The primary goal of the market research by entrepreneurs is to make better decisions.
Market research is referred to as an activity which is undertaken by the entrepreneurs in order to get the required information which is thus about the needs and also the preferences of the consumer who are in their target market.
Market research allows companies in order to understand the demand as well as the viability of their product and in order to see how it might perform in the real world. Thus, market research tends to help the entrepreneur in finding out their rivals in the business.
Hence, option C is correct.
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This role requires that you possess immaculate verbal and written communication skills. Please tell us why you would be a great agent if selected for this role (your response must be at least 4 detailed sentences)
Why is it necessary to track the progress of a plan?
O A. To create a progress chart for employees to help them calculate
their pay
O B. To ensure the plan is based on faulty assumptions
O C. To identify potential problems that could impact the schedule
O D. To provide information for manager's reports
Answer:
to identify potential problems that could impact the schedule
Explanation:
a p e x
It is important for an organization to track the process of a plan in order to identify potential problems that could impact the schedule. Hence, option C holds true.
What is planning?Planning is the most basic function of management of a business organization. It is a continuous process. Planning involves setting up the goals and objectives and the actions needed to achieve them.
Furthermore, because planning is a continuous process, it helps in identification of difficulties that may create obstacles in achievement of organizational goals.
Hence, option C holds true regarding planning.
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Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow:
Direct Labor-Hours per unit Annual Production
Rims 0.80 29,000 units
Posts 0.80 73,000 units
Additional information about the company follows:
Rims require $20 in direct materials per unit, and Posts require $18.
The direct labor wage rate is $16 per hour.
Rims are more complex to manufacture than Posts and they require special equipment.
The ABC system has the following activity cost pools:
Estimated Activity
Activity Cost Pool Activity Measure Estimated
Overhead
Cost Rims Posts Total
Machine setups Number of setups $ 34,310 100 100 200
Special processing Machine-hours $ 113,150 1,000 0 1,000
General factory Direct labor-hours $ 1,218,000 4,000 83,000 87,000
Exercise 4-8 Part 2
2. Determine the unit product cost of each product according to the ABC system.
Unit product cost of Rims
Unit product cost of Posts
Answer and Explanation:
The computation of the unit product cost is shown below;
Particulars Rims Posts
Machine setups 17155 17155
(34310 ÷ 200 × 100)
Special processing 113150 0
General factory 56,000 1162000
(1218000 ÷ 87000 × 4000) (14 × 83000)
Total overhead 186305 1179155
Units 29000 73000
Overhead cost per unit 6.42 16.15
Direct material 20 18
Direct labor 12.8 12.80
(16 × .80)
Unit product cost 39.22 46.95
What are three different advertising techniques that sponsors use to encourage you to buy a
product? Describe each technique.
Answer: Three different advertising techniques that sponsors use to encourage people to buy products include emotional appeal, endorsements, and bribery. Emotional appeals could be you NEED this because this could happen to feed off your fear and anxiety, endorsements are when advertisements use celebrities in their brand with their product, and bribery is ads that bribe costumers with lines like 'buy one and get one free' so the costumer consumes more products.
The three different types adverstising techniques that sponsors use to encourage you to buy a product are :
ethoslogospathosEthosIt is a persuasive advertising strategies which appeals to the character or the credibility of the product.
It shown how the organization is honest and credible to their customers.
LogosThis advertising technique appeals to the reason or to the logic which encourages a customer to buy a product.
PathosThis technique of advertising attempts a sense of emotional responses in the mind of the customer.
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what are the examples of energy careers select three options
Answer:
1) Wind Energy Engineers, who design and develop wind farm systems.
2) Chief Sustainability Officers, who oversee green activities at their organizations.
3) Energy Auditors, who conduct audits to determine how energy-efficient homes or buildings are.
Explanation:
Sorry if this isn't what you were looking for, have a nice day!
Answer:Electrical Power-Line Installer
Power Plant Operator
Automotive Service Attendant
Explanation:
What are examples of Energy careers? Select three options.
× Carpenter
× Video Editor
Electrical Power-Line Installer
× Printing Press Operator
Power Plant Operator
Automotive Service Attendant
Which statement describes why the people in a nation with a command
economy might resist a shift to a free market economy?
A. People who hold political power are threatened by fundamental changes.
B. Workers are reluctant to give up their participation in a classless society.
C. Workers are reluctant to accept complete government control of their economy.
D. Factory and business owners are reluctant to place their capital under worker
authority Xd
Answer:
People who hold political power are threatened by fundamental changes.
Explanation:
People who hold political power are threatened by fundamental changes is the statement describes why the people in a nation with a command economy might resist a shift to a free market economy. Thus, option (a) is correct.
What is economy?The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector. The family (consumption) and company (product sales) are both parts of the economy.
According to the population is the important part of the economy. The individual citizen in the nation is a command economy might resist a shift to a free market economy. A people are the special rights to hold political power are imperiled by fundamental changes.
As a result, the significance of the economy are the aforementioned. Therefore, option (a) is correct.
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Give 3 sample of best practice, how airline can improve "Cost" efficiency?
It is called "cost efficiency" to the way in which a company, through specific commercial organization actions, manages to reduce the costs necessary to obtain a certain profit.
Thus, they seek to minimize the costs and operational losses of the company, with the aim of maximizing profits.
In this way, 3 ways in which an airline could increase its cost efficiency are:
fly to places with high demand, reducing presence in not so popular destinations. reduce the time on the ground for each plane, so that it generates money almost constantly. perform optimal maintenance on each plane, to avoid breakages.Learn more about efficiency in https://brainly.com/question/6672666
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Judge made laws are known as
What’s the best advantage of a fha loan
Some advantages of an FHA loan are that:
They have a low down payment. They have low discount points. What is a benefit of FHA loans?A Federal Housing Administration (FHA) loan is a loan that has government protection because it is insured by the FHA.
The benefit of this is that it has a low down payment and low discount points because there is a lower risk of default with the government backing it.
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For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand, aggregate supply, or both.
a. $1,000 per person tax reduction
b. a 5% reduction in all tax rates
c. Pell Grants, which are government subsidies for college education
d. government-sponsored prizes for new scientific discoveries
e. an increase in unemployment compensation
1. (i) both; (ii) supply-side; (iii) supply-side; (iv) both; (v) demand-side
2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both
3. (i) demand-side; (ii) both; (iii) both; (iv) supply-side; (v) demand-side
4. (i) supply-side; (ii) demand-side; (iii) demand-side; (iv) both; (v) both
5. (i) supply-side; (ii) supply-side; (iii) demand-side; (iv) both; (v) both
Answer:
2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both
Explanation:
a. $1,000 per person tax reduction ⇒ focus on aggregate demand (more money for consumers to spend)
b. a 5% reduction in all tax rates ⇒ focus on both aggregate demand and supply (more money for consumers and suppliers)
c. Pell Grants, which are government subsidies for college education ⇒ focus on aggregate supply (more money for suppliers of college education)
d. government-sponsored prizes for new scientific discoveries ⇒ focus on aggregate supply (more money for suppliers of new scientific discoveries)
e. an increase in unemployment compensation ⇒ focus on both aggregate demand and supply (more money for consumers resulting in higher prices and lower output)
What criteria do accountants use to decide whether to use present or future values in accounting statements?
Answer:
Present value is nothing but how much future sum of money worth today. It is one of the important concepts in finance and it is a basis for stock pricing, bond pricing, financial modeling, banking, and insurance, etc. Present value provides us with an estimated amount to be spent today to have an investment worth a certain amount of money at a specific point in the future. Present value is also called a discounted value. It is an indicator for investors that whatever money he will receive today can earn a return in the future. With the help of present value, method investors calculate the present value of a firm’s expected cash flow to decide if a stock is worth to invest today or not.
The formula for calculating PV is shown below
PV = CF/ (1+r)n
Here ‘CF’ is future cash flow, ‘r’ is a discounted rate of return and ‘n’ is the number of periods or year.
Example
Let’s say that you have been promised by someone that he will give you 10,000.00 Rs 5 year from today and interest rate is 8% so no we want to know what the present value of 10,000.00 Rs which you will receive in future so,
PV = 10,000/ (1+0.08)5
PV = 6805.83 (To the nearest Decimal)
So present-day value of Rs 10,000.00 is Rs 6805.83
Explanation:
John blodgett is the managing partner of a business that has just finished building a 60 room mote boldgett aticipates that he will rent these rooms for 15000 nights nesxt year all rooms are similar and will rent for the same price blodgett estimates the following operating costs for next year the capital invested in the motel is $900000 the paritnarship target return on investment is 25% blodgett expect demand for rooms to be uniform throughout the year he plans to price the rooms at full cost plus markup on full cost to earn the target return on invesment
Variable operating cost $5per room-nigh
Total fixed costs 375000
What price should blodgett charge room night ?what is the markup as percentage of the full requried cost of room might
Answer:
a. Price Blodgett should charge $45 (see below)
b. Markup percentage of the full cost of room night:
Markup = $15
Full Cost =$30
Therefore, percentage of markup to full cost = 15/30 * 100 = 50%
Explanation:
a) Costs Calculations:
Unit cost Total cost
Variable $5 $75,000 ($5 x 15,000)
Fixed Cost $25 $375,000 ($375,000/15,000)
Full Cost $30 $450,000 ($30 x 15,000, or $75,000 + $375,000)
Markup $15 $225,000 ($900,000 x 25% returns)
Price to charge $45 $675,000
Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except:_________
a. customer database systems.
b. information systems to track supplier/partner/collaborative ally data.
c. human resources systems that maintain employee data.
d. data management systems for undertaking benchmarking, TQM, and Six Sigma quality control.
e. systems to record and report financial performance data.
Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except data management systems for undertaking benchmarking, TQM, and Six Sigma quality control. Hence, option D is appropriate.
What is the meaning of data management systems?Data management systems are computer programs that enable the storing, retrieving, and processing of data requests. Users can create, read, modify, and remove data in databases using a DBMS, which acts as a link between them and the databases.
Within an organization, data management entails gathering, storing, analyzing, and exchanging data. Every company that generates or uses digital data, especially those with significant data quantities, stands to gain from data management.
Database administration program. Data management systems (DBMS), according to Connolly and Begg, are "software systems that enable users to define, construct, maintain, and govern access to the database."
Concurrency, safety, backup and recovery, integrity, and data descriptions are just a few of a DBMS's features. Database management systems offer several significant advantages, but their implementation can be expensive and time-consuming. Hence, option D is correct.
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If an employee's family member is seriously ill, employers are required to allow the employee up to how many weeks off?
Question 2 options:
a) 1
b) 2
c) 8
d) 12
Answer: 12 weeks
Explanation:
If an employee's family member is seriously ill, the employers are required to allow the employee up to 12 weeks off.
According to the Family Medical Leave Act, it should be noted that the individuals who work for the employers who have 50 or more employees can be given about 12 weeks of unpaid leave in a year which they can use to take care of family members that are seriously sick or care for new children or seriously ill family members, or for themselves if they're seriously sick.
Seedi started a business to repair computers. The following transactions are given to you for the first month of the business. 01. Invested so.sh. 5,000 as the capital 02. Obtained a bank loan of so.sh. 2,000 03. Deposited so.sh. 100 in a fixed deposit account 04. Earned a cash income so.sh.so.sh. 600 from computer repairs 05. Paid so.sh. 100 as the monthly rent of the business 06. Geedi withdrew so.sh. 200 from the business for her private use 07. Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month. 09. Geedi invested an additional capital of so.sh. 500 10. Paid so.sh. 200 of the bank loan hove transactions to the accounting
Seedi started a business to repair computers. The journal entry for this transaction is:
Invested so.sh. 5,000 as the capital:
Debit Cash (Asset) so.sh. 5,000 Credit Capital (Owner's Equity) so.sh. 5,000.Obtained a bank loan of so.sh. 2,000:
Debit Cash (Asset) so.sh. 2,000 Credit Bank Loan (Liability) so.sh. 2,000.Deposited so.sh. 100 in a fixed deposit account:
Debit Cash (Asset) so.sh. 600 Credit Service Revenue (Revenue) so.sh. 600.The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.
Earned a cash income so.sh.so.sh. 600 from computer repairs:
Debit Rent Expense (Expense) so.sh. 100 Credit Cash (Asset) so.sh. 100.Paid so.sh. 100 as the monthly rent of the business:
Debit Geedi's Withdrawals (Owner's Equity) so.sh. 200 Credit Cash (Asset) so.sh. 200.Geedi withdrew so.sh. 200 from the business for her private use:
Debit Equipment (Asset) so.sh. 100 Credit Cash (Asset) so.sh. 100.Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:
Debit Telephone Expense (Expense) so.sh. 500 Credit Cash (Asset) so.sh. 500.Geedi invested an additional capital of so.sh. 500 10.:
Debit Cash (Asset) so.sh. 500 Credit Capital (Owner's Equity) so.sh. 500.Paid so.sh. 200 of the bank loan hove transactions to the accounting:
Debit Bank Loan (Liability) so.sh. 200 Credit Cash (Asset) so.sh. 200.As a result, the significance of the journal entry for this transaction is the aforementioned.
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