QUESTION 14
Which of the following is not true when describing an Exchange?
Each part has something that might be of value to the other party
Three or more parties must be involved
Each party is capable of communication and delivery
Each party believes it is appropriate or desirable to deal with the other party
Each party is free to accept or reject the exchange offer

Answer:A

thats the one

Explanation:

McDonals is the example of multichannel retailer as the company is providing burgers and fries to its different outlets and in diffrent food ordering sites in many countries.

The technique of selling similar products over multiple channels and platforms is known as multichannel commerce.

The platforms can be both online and offline, with different channels such as brick and mortar stores, online stores, mobile stores, and mobile app stores.

Thus, McDonals is the example of multichannel retailer.

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Answer:

Ore deposit depletion and Mining machinery depreciation Journal entries

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Explanation:

Preparation of the year-end entries to record both the ore deposit depletion and the mining machinery depreciation of Montana Mining Co

Depletion of natural resources can be defined as the way in which the cost of natural resources is apportioned upto the period when it will be utilized which is why they are shown at cost in balance sheet.

The entry is to record depreciation charged on ore deposit depletion. Therefore To record this entry we have to debit depletion charges, and credit accumulated depreciation

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Computation of depletion cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$3,721,000/1,525,000 tons

=$2.44

Hence, depletion per unit is $2.44.

Computation depletion amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$2.44×166,200 tones

=$405,528

Hence, depletion expenses on ore deposit amounts to $405,528.

The pass entry to record depreciation charged on mining machine :

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Computation of depreciation cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$213,500/1,525,000 tons

=$0.14

Hence, depreciation per unit is $0.14.

Computation of depreciation amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$0.14×166,200 tones

=$23,268

Therefore the depreciation expenses on ore deposit amounts to $23,268

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

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Please do provide more information, like account names, debits and credits. I don't see the full picture here.

Answer:A

Explanation: just got it right

Prior to making a purchase, Jem should take the time to read and understand the product's warranty and return policies. The Option A.

These policies outline the terms and conditions for returns, refunds, and exchanges. By familiarizing herself with these policies, Jem can make an informed decision and ensure she has the option to get a refund if she is not satisfied with her purchase.

Also she should also read the product descriptions carefully and seek out qualified reviews to further validate her decision. Being financially literate and informed about these aspects will empower Jem to make a confident and wise purchasing decision while maintaining the option for a potential refund if needed.

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Answer:

Total allocated overhead= $450

Explanation:

Giving the following information:

The Assembly Department uses a departmental overhead rate of $35 per machine hour.

The Sanding Department uses a departmental overhead rate of $20 per direct labor hour.

Job 603:

Actual results Assembly Department Sanding Department

Direct labor hours used 8 5

Machine hours used 10 7

To allocate overhead to Job 603, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 35*10= $350

Sanding= 20*5= $100

Total allocated overhead= $450

There are three main parts of income statements and they are:

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

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Based on the selling price of the office furniture and the percentage markup on cost, the actual cost is $4,285.71

The actual cost can be found by the formula:

= Selling price / (1 + markup percentage)

Solving will then give:

= 6,000 / (1 + 40%)

= 6,000 / 1.4

= $4,285.71

In conclusion, the actual cost is $4,285.71 .

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Answer:

B

Explanation:

A telescope is used to look at stars and planets, not a patient.

Answer:

The correct answer is B

Explanation:

While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.

It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.

Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.

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The time that you have to say thank you would be When you ask your Guest to do something.

You should say "Thank you" to guests in various situations to express your gratitude and appreciation.

When they give you something like payment: It is customary to say "Thank you" to guests when they provide you with payment for your products or services.

When you ask your guest to do something: If you ask a guest to do something for you, such as filling out a survey or providing feedback, it is polite to thank them for their time and effort.

When a guest asks you a question: If a guest asks you a question, it is a sign that they are interested in your business or product. Thanking them for their inquiry can help build rapport and goodwill.

When you ask for their payment: When requesting payment from a guest, it is courteous to express your appreciation for their business and thank them for their payment.

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Answer:

Yes, managers play an important role in helping employees understand and follow their company’s code of ethics. A code of ethics is a set of guidelines that outlines the ethical standards and values that a company expects its employees to uphold. Managers are responsible for communicating the code of ethics to their employees, providing training and guidance on ethical behavior, and ensuring that employees comply with the code. By promoting ethical behavior and leading by example, managers can help create a positive and ethical work environment.

Explanation:

First Securities Advisers, Inc has not violated the prohibition against performance fees

Explicit performance fees were prohibited for registered investment advisors serving retail clients by the Investment Adviser's Act of 1940. However, later law changed this prohibition, and performance-based fees are now permitted in some situations.

Because First Securities Advisers Inc. does not base its fees on a portion of capital gains or losses in its clients' accounts, it has not broken the rule against charging performance fees. First Securities assessed fees based on the amount of managed assets. It seems reasonable to charge 1% in advising fees. The question is unrelated to the commissions levied by the associated broker-dealer. Wherever the transactions were carried out, the client would be required to pay commissions.

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The annual depreciation expense for the equipment using the straight-line method is $18,450.

In this scenario, the equipment has a cost of $240,000, an estimated residual value of $18,600, and an estimated useful life of 12 years. The equipment is depreciated using the straight-line method.

Depreciation is a method used to allocate the cost of an asset over its useful life. The straight-line method is a commonly used depreciation method where the cost of the asset is evenly spread out over its useful life.

To calculate the annual depreciation expense using the straight-line method, we subtract the estimated residual value from the cost of the equipment and divide the result by the estimated useful life:

Depreciation Expense per Year = (Cost - Residual Value) / Useful Life

Depreciation Expense per Year = ($240,000 - $18,600) / 12

Depreciation Expense per Year = $221,400 / 12

Depreciation Expense per Year = $18,450

Therefore, the annual depreciation expense for the equipment using the straight-line method is $18,450.

By depreciating the equipment over its useful life, the company is spreading out the cost of the equipment in a systematic manner, reflecting its gradual wear and tear and decrease in value over time. This approach allows for the matching of expenses with the revenue generated by the equipment's usage throughout its useful life.

It's important to note that depreciation methods and useful life estimates may vary depending on accounting standards and individual company policies. Additionally, the estimated residual value represents the expected value of the equipment at the end of its useful life, accounting for potential salvage or resale value.

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any THREE activities that took place during the forming stage are:-

In the forming stage, group members get to know one another - their strengths, challenges, and interests - and they test the boundaries and expectations of the task they are to perform. ...

Write the names of people or characters on individual pieces of paper. ...

Storming

Answer:

Three activities that took look place during the formating stage are:

Explanation:

- Storming

-Write the names of people or charecters on individual pieces of paper...

- In the forming stage, grow members get to know one another - their strengths challenges, and interests- and they test the boundaries and expectations of the task they are to preform....

Accounting hours are not a good allocation base for manufacturing overhead as they are  not related to manufacturing.

Option Accounting hours  is correct.

Allocation bases can vary, but direct machine hours and direct labor hours are the most common. Direct labor hours are probably the most accurate base for a manufacturing environment with a lot of labor, but machine hours are probably a better choice for an environment with more automated manufacturing.

The cost that is being allocated ought to be a cause, or driver, of the allocation base. When changes in the allocation base roughly match changes in the actual cost, this is a good sign that the base is appropriate. Therefore, if machine usage decreases, so should the machine's actual operating costs.

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Answer:

$9,375

Explanation:

We are to calculate what the bond rate is now.

Using the simple interest formula:

Simple interest = Principal × Rate ×Time/100

Given

Amount = $15000

Time = 10years

Rate = 6%

Required

Amount invested (principal)

SI = PRT/100

Also SI = Amount - Principal

SI = A-P

The formula becomes

A-P = PRT/100

Substitute the given value.

15,000- P = P(6)(10)/100

15000-P = 6P/10

15000-P = 0.6P

15000 = 0.6P+P

15000 = 1.6P

Divide both sides by 1.6

15000/1.6 = 1.6P/1.6

9,375 = P

Principal = $9,375

This means that the amount invested in the savings bond is $9,375

Answer: $8,376 rounded to the nearest dollar.

Explanation:

The value in 10 years will be $15,000.

The value today will be the present value discounted at 6%;

= 15,000 / ( 1 + 6%) ^ 10

= 8,375.92

= $8,376 rounded to the nearest dollar

True. The maturing of the "Millennials" cohort in the United States is an instance of a demographic trend, which can have political and legal implications as this generation becomes a larger portion of the population and gains more influence in society.

Millennials are a generation of people born between the early 1980s and the mid-1990s or early 2000s, depending on the source. They are also sometimes referred to as Generation Y. Millennials are known for growing up during a time of rapid technological advancement, globalization, and social change.

They are the first generation to have grown up with easy access to the internet, social media, and smartphones, which has shaped their attitudes, behaviors, and worldview.

The values, beliefs, and priorities of the Millennial generation are likely to shape the political and legal landscape in the years to come.

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Answer:

The limited partner is authorized to make business decisions on behalf of the general partners.

Explanation:

A limited partner also knows a silent partner. The limited partner enjoys limited liability to the debts of the business. They are called silent partners because they do not participate in running the business affairs. A limited partner contributes capital to the partnerships and allows the general partner to manage the business affairs.

Since a limited partner enjoys limited liabilities to the partnership's debts, they are not allowed to make business decisions. The general partners with unlimited liabilities run the business and make all the decisions.

Applying the concept of "Thinking at Margin",  the relevant statement for a TV manufacturer to make a decision is: the average cost of 10 televisions is $100 each. Option C. This is further explained below.

Generally, It implies giving some thought to the next move you will take. "extra" is the meaning of the term "marginal." On a hot day, the first glass of lemonade you drink satisfies your thirst, but the subsequent glasses may not have the same effect.

When you ponder at the margin, you are contemplating what the next or subsequent action will entail for you personally.

In conclusion, Using the "Thinking at Margin" methodology, the important statements for a television maker to consider while making a choice are as follows: the typical cost of producing 10 TVs is $100 apiece. Alternative C

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The book cost is the value of an asset as it appears in a company's financial records or accounting books.

Out of the four dollar values provided in the question, only the original purchase price of $40,000 is a book cost. This is because it represents the cost of the machine when it was first acquired and recorded in the company's books.

The other values - $7,000, $60,000, and $10,000 - represent the current tax-depreciated value, the cost of the new machine, and the expected sale price of the old machine respectively. These values may be used in various financial calculations, but they are not book costs.

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Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.

A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.

Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.

In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.

Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.

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Answer: i. Security A would have a higher risk premium than security B.

II. The likely range of returns for security A in any given year would be higher than the likely range of returns for security B.

Explanation:

From the question, we are informed that Security A has a higher standard deviation of returns than security B. Based on the above scenario, it should be noted that Security A would have a higher risk premium than security B since it has higher standard deviation and also, thee likely range of returns for security A in any given year would be higher than the likely range of returns for security B.

Answer: Prices on world oil markets rise steeply due to war in the Middle East

Explanation:

The inflation rate spiked sharply because prices in world oil markets rise steeply due to the war in the Middle East. Option (b) is correct.

The rate of increase in prices over a given period of time is known as inflation.

The cost of making items would rise as a result of an increase in crude oil prices. Inflation would eventually arise from this price increase being passed on to consumers.

Inflation in Oil prices are a result of the Russian Federation being cut off from global supply networks as a result of sanctions following Moscow's invasion of Ukraine. Nations now have to pay more for oil when seeking to obtain it from other sources.

Therefore, Option (b) is correct.

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The option D is true as all the statements refers to the global marketing strategies that affect the customer.

Global marketing strategies are a part of an overall business plan. It is the process of adjusting the marketing strategies of a company to better fit the needs of potential customers in other countries.

Entering a new international market can give a company access to a new customer base, which can increase company revenue.

This may also have several other benefits, such as reduced labor costs, access to additional resources, and the ability to diversify risks.

Hence, Option D is true as it covers all the Global marketing strategies that affect customer volume.

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It is correct to say that when talking about personal finance, always remember that you will manage your money or the lack of it, this being an essential topic for better control of your expenses and income.

You can develop a personal budget, which is a simple and easy-to-do technique, where all your personal accounts for a period are exposed, whose objective is to increase understanding about your finances, your needs and allocation of resources for your goals.

Therefore, financial education is a topic that should be more instituted in schools and social institutions, to provide greater subsidies for individuals to understand how to balance their finances to increase their quality of life and avoid indebtedness.

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The statement "Being a representative of the Bank requires awareness of certain banking and consumer credit laws, and how they apply to your job tasks" is True. Option A

Generally, The regulation of consumer credit may serve as a gauge of the central bank's effort to exert qualitative control over the credit market.

They manage consumer credit on specific related items that are impacted by inflation or deflation in the economy whenever there is a period of inflation or deflation in the economy. This applies to both inflation and deflation.

It is correct to say that "being a representative of the Bank needs an understanding of particular banking and consumer credit rules, and how they relate to the responsibilities associated with your profession." Alternative

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CQ

Being a representative of the Bank requires awareness of certain banking and consumer credit laws, and how they apply to your job tasks. TRUE FALSE

Answer:

There are four main types of communication: verbal, nonverbal, written, and visual.

1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.

2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.

3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.

4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.

In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.