Please help it's urgent
If the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may
Answers
If the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may have occurred
The Debtors control account is used to keep track of the total amount owed to a company by its debtors. The balance of the Debtors control account at the end of the month should equal the total of the balances of the individual accounts of each debtor. If the balance of the Debtors control account does not equal to the total of the balances of the individual accounts of each debtor, this indicates that one or more errors may have occurred. Some of the common errors that could have caused the imbalance include errors in posting, posting to the wrong account, or incorrect amounts entered.
To rectify the imbalance, the transactions in the Debtors control account and the individual debtor accounts need to be checked to identify any errors. Once the errors are identified, adjustments need to be made to correct them, and the accounts should be reconciled to ensure that the balance of the Debtors control account matches the total of the balances of the individual accounts of each debtor. So therefore one or more errors may have occurred, if the balance of the Debtors control account at the end of the month does not equal to the total of the balances of the individual accounts of each debtor.
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Related Questions
1 point
Danny receives a salary of $660 a month and a 7.5% commission on all
sales above his monthly quota of $15,000. His sales for the month totaled
$32,000. What was his gross income for the month? *
$3,060
$1,275
$2,400
$1,935
Answers
Answer:
1935
Explanation:
32,000-15,000 = 17,000
17,000 x 0.075 = $1275 (this is his commission)
1275 + 660 = $1935
$1935 is his gross income for the month
Caterer agrees with Bride to cater Bride's wedding reception for $12 per plate. On the wedding day, Caterer calls Bride saying that some things have come up, and she will have to charge $16 a plate in order to do the catering. Bride agrees. Which is true
Answers
Which of the following statements best represents a normative economic statement?
a. If interest rates increase, we can expect household spending on automobiles to decrease.
b. Higher business taxes can be expected to lead to lower production levels of goods and services.
c. If gasoline prices continue to rise, I firmly believe that SUV production will dramatically decline.
d. An imposition of a tariff (a tax) on imported products will make such goods less competitive in domestic markets.
e. A ten percent (10%) increase in the price of movie tickets will cause sales of movie tickets to drop by thirteen percent (13%)
Answers
The following statement best represents a normative economic statement: If gasoline prices continue to rise, I firmly believe that SUV production will dramatically decline. Hence option C is the correct answer.
Economic statements are typically divided into two categories: positive and normative statements. A positive economic statement is a statement that can be checked or refuted based on facts. It does not contain any values or judgments. They are often based on objective analysis, statistics, or empirical evidence.
Positive statements are concerned with how things are. In economics, positive statements are descriptive, predictive, or explanatory. For example, the statement "If taxes are increased, the number of vehicles sold will decrease" is a positive economic statement. We can test this statement using real-world data.
A normative economic statement is a statement that cannot be checked or verified using facts. Instead, they are based on opinions, values, or beliefs. They are subjective in nature and cannot be proven right or wrong. Normative statements are concerned with how things ought to be rather than how they are.
For example, the statement "Taxes should be increased to reduce carbon emissions" is a normative economic statement. Hence option C is the correct answer.
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Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answers
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
Debit cards
Pros:
Cons:
Answers
Answer:
Pros: their easy to obtain, gets rid of the need to carry cacash to buy things, you can place limits on your spending so you dont overspend, no fee to use, can be used to withdraw cast at ATM's
Cons: some companies systems accept prepaid debit cards, you risk losing money on debit card, easy to gain to your money if card is stolen and PIN is known.
Explanation:
its up to you :)
"The effect of stress on worker’s productivity in the banking sector in Egypt ". Come up with the following:
1.Four sub-variables to measure each construct
2.Appropriate research questions and Hypotheses for this topic
3.Conceptualise these variables using the appropriate model.
4.Operationalise these variables to form four simple and one multiple research model.
Answers
1. Sub-variables: Work-related stressors, psychological well-being, job satisfaction, absenteeism.
2. Research questions: How does work-related stressors affect job satisfaction?
3. Hypothesis: Higher levels of work-related stressors will be associated with lower job satisfaction.
4. Conceptual model: The Job Demands-Resources (JD-R) model can be used to understand the relationship between these variables.
1. Four sub-variables to measure each construct in the effect of stress on worker's productivity in the banking sector in Egypt could be:
a) Workload: measured by the number of tasks assigned and time pressure.
b) Job satisfaction: measured by employees' level of contentment with their work.
c) Absenteeism: measured by the frequency and duration of unplanned absences.
d) Error rate: measured by the number of mistakes made in tasks or transactions.
2. Research questions and hypotheses for this topic could include:
a) Research question: Does increased stress levels have a negative impact on the productivity of bank employees in Egypt?
Hypothesis: Higher stress levels among bank employees are associated with decreased productivity.
b) Research question: Does job satisfaction mediate the relationship between stress and productivity in the banking sector in Egypt?
Hypothesis: Job satisfaction mediates the negative impact of stress on productivity in bank employees.
c) Research question: How does workload affect the error rate of bank employees in Egypt?
Hypothesis: Higher workload is positively correlated with an increased error rate in banking tasks.
d) Research question: Is there a relationship between stress levels and absenteeism among bank employees in Egypt?
Hypothesis: Higher stress levels are associated with increased absenteeism rates in the banking sector.
3. The conceptual model that could be used to understand the relationship between stress and productivity in the banking sector in Egypt is the Job Demands-Resources (JD-R) model. This model suggests that job demands, such as workload and stress, can have a negative impact on employee productivity, while job resources, such as job satisfaction and support, can buffer the negative effects of stress and enhance productivity.
4. Operationalizing these variables could involve measuring workload through task assignment records and time tracking, job satisfaction through validated surveys or scales, absenteeism through attendance records, and error rate through tracking and documenting mistakes in banking tasks. These variables can be used to create a simple research model where each variable is analyzed individually, and a multiple research model where the relationships between stress, workload, job satisfaction, absenteeism, and error rate are examined simultaneously.
Note: The specific measurements, scales, and analysis techniques may vary depending on the research design and methodology chosen for the study.
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fees for service are determined by which of the following?
Each bank
Each transaction
Each customer
Each branch of bank
Answers
Answer:
Each bank
Explanation:
Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.
Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.
A client is trying to decide between a par value corporate bond carrying a coupon rate of 6.25% per year and a par value municipal bond that pays an annual coupon rate of 4.75%. Assuming all other factors are equal, and your client is in a 28% marginal income tax bracket, which bond do you tell the client to purchase and why
Answers
Answer:
Municipal bond
Explanation:
We can clearly find out which bond to select by finding their equivalent taxable yield.
DATA
Coupon rate (corporate bond) = 6.25%
Coupon rate (municipal bond) = 4.75%
Marginal income tax = 28%
Equivalent taxable yield of municipal bond = coupon / (1-tax rate)
Equivalent taxable yield of municipal bond = 4.75% / (1-0.28)
Equivalent taxable yield of municipal bond = 6.6%
Hence municipal bond must be selected having a higher equivalent taxable yield as compared to corporate bond.
Undistributed profits that have accumulated in the company over time are called.
Answers
Undistributed profits that have accumulated in the company over time are called : Retained earnings.
What is retained earning?Retained earning is the amount of net income left over for the business after it has paid out dividends to its shareholders.
Retained earnings are the amount of profit a company has left over after paying all its :
Direct costsIndirect costsIncome taxesDividends to shareholders.Businesses can use these earnings to reinvest into the company for expansion through the purchase of property, plant and equipment or to pay off its debts.
Therefore, retained earnings is the distributed profits that have accumulated in the company over time.
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Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the production process, are widely utilized. Consultants on productivity enhancement point out, however, that although these techniques achieve their specific goal, they are not without drawbacks. They often instill enough resentment in the workforce eventually to lead to a slowdown in the production process as a whole.
Which of the following can be reasonably inferred from the statements above?
A. Productivity enhancement techniques do not attain their intended purpose and should not be employed in the workplace.
B. The fact that productivity enhancement techniques are so widely employed has led to a decline in the ability of American businesses to compete abroad.
C. If productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result.
D. Ironically, an increase in the productivity of discrete tasks may result in a decrease in the productivity of the whole production process.
E. Production managers are dissatisfied with the efforts that productivity enhancement consultants have made to increase productivity.
Answers
The reasonably inferred from the statement can be if productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result. Thus, the correct option is (C).
Productivity tactics are ways that assist you get into productive flow states, allowing you to cut to quality with minimal effort. Most productivity tactics are based on behavioral science and are designed to take advantage of how your brain operates.
Capital productivity, material productivity, labor productivity, and total factor productivity are the four main forms of productivity measurements.
Productivity in the service industry may be measured by the number of jobs completed or clients serviced in a particular time period.
Other indicators include whether the service provided matched corporate or customer requirements and whether performance deadlines were fulfilled.
Therefore, the correct option is "C".
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For an FBLA-PBL member who is interested in running for a state or national
office, what FBLA-PBL activity would be the most likely to help them?
O A. Participate in the Institute for Leaders
B. Network with local business people
C. Participate in local community service
D. Compete at the National Leadership Conference
SUBMIT
Answers
Answer:A
Explanation: i did the test
which of the following is accurate, as indicated in the principles underlying an audit?
Answers
The accurate statement among the given choices, as indicated in the principles underlying an audit, is: b) An auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement.
Explanation: In an audit, the primary objective is to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework. However, due to the inherent limitations of an audit, such as the use of sampling techniques and the presence of complex estimates, an auditor cannot provide absolute assurance that the financial statements are completely free from material misstatements.
While management is indeed responsible for providing necessary evidence (choice a), auditors still need to perform their own procedures to gather sufficient and appropriate audit evidence. Choice c is incorrect as auditors often engage outside specialists to assist them in complex areas like valuation, taxation, or IT systems. Lastly, choice d is not accurate, as auditors are not responsible for preparing note disclosures. Their responsibility is to verify the accuracy of the financial statements and disclosures prepared by management.
In summary, auditors cannot guarantee absolute assurance due to the inherent limitations of an audit, but they strive to provide reasonable assurance on the financial statements' accuracy and completeness. The correct option is b.
The complete question is:
Which of the following is accurate, as indicated in the principles underlying an audit? Multiple Choice
a) Management is expected to provide the auditors with all needed evidence prior to the beginning of audit work.
b) An auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement.
c) Auditors are responsible for having appropriate competence to perform the audit without the assistance of outside specialists.
d) Management is responsible for preparing accurate financial statement amounts, while auditors are responsible for auditing those amounts and for preparing note disclosures related to those amounts.
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Type the correct answer in the box. Spell all words correctly.
Complete the sentence with the correct word.
Mia likes to write books during her
free time. At present, three of her books have been
published and sold around the world.
The income received
from selling her
books is an example c
income.
Reset
Next
Answers
The income received from selling her books is an example of passive income.
Income is split up into three categories by the IRS in the US: active income, passive income, and portfolio income.
What is passive income?A sort of unearned income known as passive income is one that is automatically acquired and requires little to no work to retain. It frequently goes hand in hand with another revenue stream, like a second job. A taxable acquired income, passive income is derived from capital gains or has a connection to the tax deduction system.Examples of passive income include producing books, recording music, selling digital goods, and generating other items that generate money. Investing. capital gains through asset investments.Investing in dividend stocks is one of the simplest passive income strategies available. When you buy a dividend stock, you support a company's operations while also getting regular returns on your investment. Progressive passive income is described as such when the earner puts minimal effort into increasing the revenue.Learn more about passive income here:
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Should a business email contain a salutation?
Answers
Answer:
A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)
You are the senior software engineer at a start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones. Your company's sales force has led a major corporation to believe your product will be available next week. Unfortunately, at this point the software still contains quite a few bugs. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. Because of the fierce competition in the mobile app industry, it is critical that your company be "first to market." To the best of your knowledge, a wellestablished company will release a similar product in a few weeks. If its product appears first, your start-up company will probably go out of business.
Answers
In this scenario, the start-up company developing an exciting new mobile app that will allow salespeople to generate and email sales quotes and customer invoices from their smartphones has to handle the challenge of being first to market.
As the senior software engineer, you need to weigh the risks and benefits of releasing a product with known bugs. In this situation, it is important to consider the risks of releasing a product with known bugs and the benefits of being the first to market. On one hand, releasing the product with known bugs could damage the reputation of the start-up company and result in lost sales. On the other hand, being first to market could give the company a competitive advantage and increase sales. The leader of the testing group has reported that all of the known bugs appear to be minor, but it will take another month of testing for his team to be confident the product contains no catastrophic errors. This means that the software still contains quite a few bugs, and there is a risk that some of these bugs could cause catastrophic errors.
To mitigate the risks of releasing a product with known bugs, the start-up company could consider delaying the release until all of the known bugs have been fixed. While this would delay the release of the product, it would also ensure that the product is of high quality and will not damage the reputation of the company.
In conclusion, it is important for the start-up company to balance the risks and benefits of releasing a product with known bugs. While being first to market could give the company a competitive advantage, releasing a product with known bugs could damage the reputation of the company. As the senior software engineer, you need to make a recommendation to the company based on your knowledge of the industry and the product.
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When a payment is made on an account payable:
A. Assets and stockholders' equity decrease.
B. Assets and liabilities decrease.
C. Liabilities and revenues decrease.
D. Assets and expenses decrease.
Answers
On a payable account, a payment is made. Liabilities rise while assets fall.Intangible assets, fixed assets, immediate (or short-term) assets, and financial investments are some main categories for assets.
when a payment on a bill payable is made?Accounts Payable was an immediate debt payment that must be made in order to stay current. Summary: Accounts Payable is a debt owed to a specific creditor when it places an order for goods or assistance without repaying in cash up advance, indicating that you purchased the items on credit.
Whenever an account payable is paid, what decreases?In order to reduce the obligation balance once the bill has been paid, the certified public accountant debits books payable. The cash account receives the offset credit, lessening the sum of money as a result.
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When considering risk response development, passing risk to another party instead of changing it is known as ____________ the risk.A. diminishingB. avoidingC. escalatingD. transferringE. retaining
Answers
When considering risk response development, passing the risk to another party instead of changing it is known as transferring the risk. Option D is the correct answer.
The main objective of the risk response is to get the risk to an acceptable level or to eliminate the risk. The identified risk is then evaluated using a qualitative or quantitative approach, and risk response planning takes place. The response plan outlines how the risk will be addressed. The purpose of the plan is to identify the actions that will be taken to mitigate, eliminate, transfer, or accept the risk. Risk transfer is one of the strategies employed in the risk response plan.
Risk transfer is a risk mitigation technique in which the risk is shifted from one entity to another. The ownership of the risk is shifted to a third party or a contractual arrangement. An insurance policy is one of the most prevalent examples of transferring risk. An organization can obtain insurance coverage to transfer risk. If a company is concerned about the financial impact of losing a key staff member, for example, it might buy key person insurance to offset the financial loss in the event of a death or disability.
Option D is the correct answer.
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Your uncle Ben has applied for a loan of $240,000 from a local bank, and he thinks he will get a loan. However, he is not confident that he will get the loan for the entire $240,000. Also, he is not certain of the interest rate. Based on his current financial obligations, he is confident the bank will loan him at least $120,000. Also, he thinks the interest rate could be in the range of 12% to 15%. You do not know what interest rate the bank would charge. In this situation, how would you use the chart given above? Explain.
Answers
Answer:
Follows are the responses to these question:
Explanation:
Please find the complete question in the attached file.
Uncle Ben will have to select industrial machinery for customized furnishings, as the NPV of the project have result show to the S loan, such that uncle Ben can gain it if he opts to invest throughout the C loan of just $120,000 from the bank.
In Which only a $240,000 credit by Uncle Ben has also been issued by the bank, it can choose either local furniture exaggerations or regular fabric as Project C and Project S both are positively Verdict.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answers
Answer
tax detection
Explanation:
just is
Explanation:
Suppose General Electric payed its line workers $12 per hour
Answers
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
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Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
Match the steps that marketing management performs to the scenarios that describe the steps
Answers
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
Answers
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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One of the challenges we face in managing services is that both the customer and the service provider work together to create the service. The point of contact between the customer and the service provider is called the ____________
Answers
The point of contact between the customer and the service provider in service management is called the "service encounter".
It refers to the moment when the customer interacts with the service provider to obtain a service. This encounter is critical because it represents the physical or virtual manifestation of the service, where the customer can perceive and evaluate the quality of the service provided.
The service encounter involves not only the physical environment but also the behavior of the service provider and the customer. Both parties play an active role in creating the service experience, which can affect customer satisfaction, loyalty, and willingness to recommend the service to others.
Therefore, managing the service encounter is essential to provide a positive customer experience, which requires service providers to have the necessary skills, knowledge, and resources to handle different types of customers and situations. The service encounter can be managed through various means, such as training and empowering employees, using technology to enhance the service delivery process, designing the physical environment to support the service experience, and creating a culture of customer-centricity.
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Shelee is the owner of Racing Formula Inc., a local race track. Her employees are often impressed with how much she knows about individual drivers, automobile racing teams, racetrack operators, referees, and officiating crews. Shelee is the classic leader with ______.
Answers
Shelee is the classic leader with exceptional knowledge and expertise in the field of automobile racing. Her ability to understand and analyze the intricate details of individual drivers, racing teams, racetrack operators, referees, and officiating crews is a testament to her extensive experience and passion for the sport.
As a leader, Shelee's knowledge and expertise allow her to make informed decisions and provide valuable guidance to her employees. She is able to identify areas for improvement and implement strategies that enhance the overall performance and success of Racing Formula Inc.
Moreover, Shelee's expertise also enables her to establish strong relationships with her employees, clients, and partners in the racing industry. Her ability to communicate effectively and build trust and respect within the community contributes to the long-term success of the company.
Overall, Shelee's exceptional knowledge and expertise make her a valuable asset to Racing Formula Inc. and a classic example of a knowledgeable and effective leader in the automobile racing industry.
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When considering the reliability of the management for a business opportunity, what else should one consider at this time?
One's own skillset
The cost of management
The employees' skillset
The cost of the product
Answers
While evaluating the dependability of management for a business opportunity, one's own skill set should be taken into account.
What is a company's management dependability?The process of planning, organizing, directing, and managing the work of business members, as well as the utilization of all corporate resources to achieve stated company goals, is defined as management. Dependability is the characteristic that demonstrates to people that you will do what you say you will do when you say you will do it, and to the best of your ability - every time. Change management and implementation Accepting, analyzing, and prioritizing stakeholder change requests, for example.
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Which statement is an example of inflation?
Answers
Answer:
The price level of many things you buy increases over time.
Explanation:
The question itself was a bit confusing, like there was going to be options, but i did what i could with what i was given, and found you a good example. I hope this helps! Great to be of service to you! ⚔
Selma deposited a paycheck for $378. 42. She’ll use the check register to record her transaction. What will be her new balance? A checking account has a balance of 2636 dollars and 41 cents. $2,257. 99 $2,337. 06 $3,014. 83 $3,057. 31.
Answers
Answer:
$3,014. 83
Explanation:
So basically, just add the checking account balance to the amount she's depositing. So the equation should look like $378.42 + 2,636.41. Add it all up and you get $3,014.83
Hope this helps :)
This Question: 2 pts 18 of 23 (12 complete) Jia borrows $50,000 at 10 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year loan payment is O A. $14,340 B. $10,774 C. $15.773 D. $12,500
Answers
The correct answer is B. $10,774. The actual end-of-year loan payment is O A. $14,340 B. $10,774 C. $15.773 D. $12,500 is $10,774.
To calculate the annual payment for the loan, we can use the formula for the present value of an annuity:
PMT = PV x (r / (1 - (1 + r)^-n))
Where:
PMT = the annual payment
PV = the present value of the loan ($50,000)
r = the annual interest rate (10%)
n = the number of payments (4)
Plugging in the numbers, we get:
PMT = 50000 x (0.1 / (1 - (1 + 0.1)^-4))
PMT = $16,228.78
However, since the payments are to be made at the end of each year, we need to calculate the future value of the payments using the same interest rate and number of periods. This gives us:
FV = PMT x ((1 + r)^n - 1) / r
FV = $67,197.91
Since the loan is to be repaid in four equal annual installments, each payment will be:
PMT = FV / n
PMT = $16,799.48
But we need to discount this amount back to its present value using the same interest rate and number of periods. This gives us:
PV = PMT / (1 + r)^n
PV = $10,774.04
Therefore, the actual end-of-year loan payment is B. $10,774.
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Use the following revenue and cost information for the income statement. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Also, assume that after accounting for weekends and other holidays, there were 20 business days in the first month of operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in the month was 33 per day or 33 x 20 = 660 per month. Established Sales Number of Items Sold per Price Day Collars $20 33 $24 28 $28 23 Leashes $22 28 $26 23 $30 18 Harnesses $25 25 $30 22 $35 20 The other costs incurred by the business include: General and administrative salaries Receptionist: $1,950 Office supplies: $200 Other business equipment: $150 [infinity][infinity] Collars Leashes Harnesses O Total Revenue: 1 Cost of goods sold 2 Gross profit 3 4 Expenses: 5 General and administrative salaries 5 Office supplies 2 Other business equipment 3 Milestone Three - Income Statement Revenue: D 2 B 4 Total Expenses Net Income/Loss $ 12,880 10,800 14,000 $ $ $ $ 37,680 (28,258) 9,422 6,622.00
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The income statement for the given information would be as follows: Revenue: Collars: $20 x 33 x 20 = $13,200 Leashes: $22 x 28 x 20 = $12,320 Harnesses: $25 x 25 x 20 = $12,500 Total Revenue: $13,200 + $12,320 + $12,500 = $37,020
Cost of goods sold: Collars: $12,880Leashes: $10,800Harnesses: $14,000Total Cost of goods sold: $12,880 + $10,800 + $14,000 = $37,680Gross Profit: Total Revenue - Cost of goods sold = $37,020 - $37,680 = -$660 (Loss) :General and administrative salaries: $5,000Office supplies: $2,000 Other business equipment: $3,000 Total Expenses: $5,000 + $2,000 + $3,000 = $10,000 Net Income/Loss: Gross Profit - Total Expenses = -$660 - $10,000 = -$10,660 (Loss) The income statement shows that the company incurred a loss of $10,660 in the given period. The revenue is generated from the sales of collars, leashes, and harnesses, while the cost of goods sold represents the expenses directly associated with producing and selling those products. The expenses include general and administrative salaries, office supplies, and other business equipment costs. The net loss indicates that the company's expenses exceeded its revenue during the period.
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Schumpeter (1934) made an early characterization of innovation as any of five phenomena: 1. The introduction of a new good 2. The introduction of a new method of production 3. The opening of a new market 4. Access to (‘conquest of') new sources of raw materials or components 5. The introduction of new forms of organization Do you agree with his characterization? Justify your answer.
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Answer:
Yes I agree
Explanation:
I do agree with the early characterization of innovation for the following reasons. They are :
-- The meaning of innovation means that its a new idea, a new method or a new product. It deals with the newness of any thing. Now for the characterization of innovation by Schumpeter, it suggests that it deals with the newness of any item or market or any product. Some of the people may argue that a market place is not a new concept, it existed from before and the marketers do identify the market. So it is a innovation and not a discovery.
Thus innovations is also about identification and exploring the unexplored areas.Innovation is a vast word and have a vague meaning. Schumpeter characterized suggests that innovation covers a wide area.