Answer:
A. $211,800
B. $282,400
C. $70,600
D. $ 86,600
Explanation:
A. Calculation for the amount that True pay when it purchased Exacto’s shares
Balance in investment account, December 31, 20x7$259,800
Cumulative earnings since acquisition$110,000
Less Cumulative dividends since acquisition(46,000)
Total$64,000
($110,000-46,000)
×Proportion of stock held by True Corporation 0.75
=Total amount debited to Investment account(48,000)
(64,000*0.75)
Purchase amount on January 1, 20X5$211,800
($259,800-$48,000)
B. Calculation for the fair value of Exacto’s net assets on January 1, 20X5
True Corporation’s Purchase amount$211,800
÷True Corp.’s percentage 0.75
=Fair Value of Exacto Company’s Net Assets$282,400
($211,800÷0.75)
C. Calculation for What amount was assigned to the NCI shareholders on January 1, 20X5
Fair Value of Exacto Company’s Net Asset$282,400
×Exacto Company’s percentagex0.25
=NCI’s portion$70,600
($282,400×0.25)
D. Calculation forWhat amount will be assigned to the NCI shareholders
True Corp’s investment balance$259,800
True Corp’s percentage÷0.75
=Fair Value of Exacto’s Net Assets 20X7 $346,400
×Exacto Company’s percentage 0.25
=NCI’s Portion, December 31, 20X7$ 86,600
($346,400×0.25)
Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?
The project that should be adopted based on the net present value is project B.
The project that should be adopted based on the internal rate of return is project B.
Which projects should be adopted?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.
NPV and IRR can be calculated using a financial calculator:
Project A:
Cash flow in year 0 = $-106,000
Cash flow in year 1 - 5= $27,252
I = 8 %
NPV = $2,809.33
IRR = 9%
Project B:
Cash flow in year 0 = $-46,000.
Cash flow in year 1 - 5= $12,761
I = 8 %
NPV = $4,950.97
IRR = 12%
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The following data are given for a period (all amounts are in dollars): Raw (direct) materials: 1,000 at beginning, 1,500 at end Work-in-process: 3,000 at beginning, 2,400 at end Finished goods 6,000 at beginning, 9,300 at end Purchase of raw (direct) material: 4,000 during period Direct labor: 5,000 Manufacturing overhead: 7,000 The amount of total manufacturing cost for the period is:
Answer:
$17,500
Explanation:
Give that
Direct raw materials at the beginning = $1,000
End work in process =$3,000
Beginning work in process = $3,000
End finished goods = $2,400
Beginning finished goods = $6,000
Total manufacturing cost = (Direct materials + Direct labor + Overhead applied) + Beginning work in process inventory - Ending work in process inventory
= ($4,000 + $5,000 + $7,000) + $3,000 - $1,500
= $17,500
Which Airlines lounges are the best ?
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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On January 2, 2019, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $19.00 per share, and represents a 10% ownership stake. Big Bad Company made $45,000 of net income in 2020, and paid dividends to All Good Company of $97,500 on December 15, 2020. On December 31, 2020, Big Bad Company's stock was trading on the open market for $14.50 per share at the end of the year. Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole number (no cents).
Therefore, All Good Company should report the investment's $155,000 book value at the end of the year.
An asset or item purchased with the intention of earning money or increasing in value is an investment. An asset's appreciation over time is referred to as appreciation. When a person purchases a product as an investment, the goal is not to use the product now but to use it to build wealth in the future.
Calculation to determine the investment's book value, which All Good Company should report at the end of the year: $60,000 x 6,000 x $10.00 per share $135,000 less than the following:
Ending investment balance of $155,000 (60,000+$135,000-$40,000) Dividend ($40,000).
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Let's says prices on average increase 6 percent each year. The State of Oregon allows rents to increase 7 percent each year (in nominal terms). Is the law allowing the rent to increase each year in real terms?
Question 10 options:
a)
Yes
b)
No
c)
Neither in nominal nor real terms
Answer:
a) Yes
Explanation:
An increase in real terms is when the real percentage increase in rent is a number greater than zero. The real rate is determined by subtracting the inflation rate from the nominal rate of interest.
Inflation refers to an increase in prices in the economy. If prices are increasing by 6 percent, the inflation rate is also 6 percent. The nominal rate of interest is the quoted rate. In this case, it is 7 percent.
The real rate of interest will be 7% - 6% = 1%.
Rent is increasing by a real rate of 1 percent per year.
Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answer:
Franchise
Explanation:
The answer is FRANCHISE
Which of the following expenses is NOT deductible when a taxpayer uses the simplified method of calculating the home-office deduction?
The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
How do you calculate home office deductions?A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
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Answer: Depreciation
Explanation: If a taxpayer elects to use the simplified method of determining the home-office deduction, neither depreciation nor any actual expenses other than those not related to the use of the home, may be deducted. (Business expenses not related to the taxpayer’s use of the home continue to be deductible.)
jonathan has an outgoing personality. he enjoys making home repairs and watching TV shows about house flipping. jonathan has a degree in business, but he likes the customer service side of business more than the finance component. which of the following careers would be most suitable for jonathan?
The most suitable career for Jonathan would be a real estate broker.
Why would a real estate broker be suitable for Jonathan?Jonathan's outgoing personality and interest in home repairs align well with a career in real estate. As a real estate broker, he would have the opportunity to work closely with clients, providing customer service and helping them navigate the process of buying and selling properties.
His passion for watching TV shows about house flipping indicates a strong interest in the real estate market which would be beneficial in this role. Additionally, his degree in business would provide a solid foundation for understanding the business aspects of real estate transactions.
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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f) In a financial crisis, would it be preferable for the government to stabilise the economy using fiscal or monetary policy?
In a financial crisis, both fiscal and monetary policies can be used to stabilize the economy, but their effectiveness and appropriateness may vary depending on the specific circumstances and goals of policymakers.
Fiscal policy refers to the use of government spending and taxation to influence the economy. In a financial crisis, the government can implement expansionary fiscal policies, such as increasing government spending or reducing taxes, to stimulate economic activity.
This can help boost consumer and business spending, create jobs, and restore confidence in the economy.
Fiscal policy can also be targeted to provide direct assistance to industries or sectors that are most affected by the crisis, such as providing financial support to struggling businesses or implementing social safety net programs to support individuals and families in need.
Monetary policy, on the other hand, is conducted by central banks and involves the manipulation of interest rates and the money supply to influence economic activity.
In a financial crisis, central banks can employ expansionary monetary policies, such as lowering interest rates or implementing quantitative easing measures, to encourage borrowing and investment, stimulate lending by financial institutions, and provide liquidity to the markets.
These actions aim to promote economic growth, stabilize financial markets, and restore confidence among investors and businesses.
The preference for fiscal or monetary policy in a financial crisis depends on several factors, including the nature and severity of the crisis, the policy tools available, and the economic conditions.
In general, fiscal policy may be more effective in addressing structural issues or long-term challenges, as it can directly target specific sectors or provide substantial stimulus to the economy. Monetary policy, on the other hand, can act more swiftly and is often used to address short-term fluctuations or liquidity issues in financial markets.
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The Bird Carver has 1,800 bonds outstanding with a $1,000 face value, an 8 percent coupon, 10 years to maturity, annual interest payments, and sells at 95 percent of face value. The firm also has 50,000 shares of common stock outstanding at a market price of $56 a share and a beta of 0.87. The risk-free rate is 4 percent, the market return is 12 percent and the tax rate is 35 percent. What is WACC?
The Bird Carver's Weighted Average Cost of Capital (WACC) is 8.87%.
We must ascertain the costs of debt and equity in order to compute the weighted average cost of capital (WACC).
Cost of Debt: The yield to maturity (YTM) of the bonds is used to determine the cost of debt. We can determine the YTM using financial formulae or tools if the bonds have a face value of $1,000, an 8 percent coupon, sell for 95% of face value, and have 10 years before maturity. Let's say that the YTM is 8.5%.
Cost of Equity: The Capital Asset Pricing Model (CAPM) is used to calculate the cost of equity. We may determine the cost of equity using the following equation: Cost of Equity = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate) Given the market return of 12 percent, the risk-free rate of 4 percent, and a beta of 0.87 for the common stock. Assume that the cost of equity is 9.24%.
WACC, or weighted average cost of capital
The weighted average cost of capital, or WACC, is calculated by averaging the costs of debt and equity according to the capital structure of the organisation. Assume that the firm's debt to equity ratio is 1:1. Thus, the WACC can be determined using the formula below:
WACC = (Debt Proportion * Cost of Debt) + (Equity Proportion * Cost of Equity)
= (0.5 * 8.5%) + (0.5 * 9.24%)
= 4.25% + 4.62%
= 8.87%
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ROK Corporation has provided you with the following information for 2010: (hint - set up T accounts for all accounts and post the transactions to the T accounts) A. Total Raw Materials Purchased and Used: $10,000 ($8,000 direct and $2,000 indirect) B. Factory Labor Incurred $8,000 ($6,000 direct and $2,000 indirect) C. Manufacturing overhead costs incurred exclusive of indirect materials and indirect labor costs: $1,000 D. Manufacturing Overhead is applied to the product based on 90% of direct labor dollars. E. $15,000 of product was completed during the period. Answer the following questions: 1. How much factory overhead was applied to the product
The factory overhead applied to the product is $5,400
Let understand that Factory Overhead means the total cost that is used in operating all the production segment (i.e depreciation of equipment, salary, wages, electricity) of a manufacturing company and its does not include the costs of direct labor & materials.
It is given that:- Factory Labor Incurred equals $8,000 (including $6,000 direct and $2,000 indirect
- Manufacturing Overhead is applied to the product based on 90% of direct labor dollars
Therefore, the Factory overhead applied will equals Direct factory labor incurred * 90% Overhead applied
Factory overhead applied = $6,000 * 90%
Factory overhead applied = $5,400
In conclusion, the factory overhead applied to the product is $5,400
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Background
The setting is an 82-bed hospital located in a small city. One day an employee of the maintenance department asked the supervisor, George Mann, for an hour or two off to take care of some personal business. Mann agreed, and he asked the employee to stop at the garden equipment dealership and buy several small lawnmower parts that the department required. While transacting business at a local bank, the employee was seen by Sally Carter, the supervisor of both human resources and payroll, who was in the bank on hospital business. Carter asked the employee what he was doing there and was told the visit was personal. On returning to the hospital, Sally Carter examined the employee’s time card. The employee had not punched out to indicate when he had left the hospital. Carter noted the time the employee returned, and after the normal working day she marked the card to indicate an absence of 2 hours on personal business. Carter advised the chief executive officer (CEO), Jane Arnold, of what she had done, citing a long-standing policy (in their dusty, and some would say infrequently used, policy manual) requiring an employee to punch out when leaving the premises on personal business. The CEO agreed with Sally Carter’s action. Carter advised Mann of the action and stated that the employee would not be paid for the 2 hours he was gone. Mann was angry. He said he had told the employee not to punch out because he had asked him to pick up some parts on his trip; however, he conceded that the employee’s personal business was probably the greater part of the trip. Carter replied that Mann had no business doing what he had done and that it was his—Mann’s—poor management that had caused the employee to suffer. Mann appealed to the CEO to reopen the matter based on his claim that there was an important side to the story that she had not yet heard. Jane Arnold agreed to hear both managers state their position.
Free of plagiarism write in no less than 750 word please
1- Develop the argument you would be advancing if you were in George Mann’s position.
2- In similar fashion, thoroughly develop the argument you would advance if you were in Sally Carter’s position.
3- Assuming the position of the CEO, Jane Arnold, render a decision. (Document your decision in whatever detail may be necessary, complete with explanation of why you decided in this fashion)
4-Based on your responses to Questions 1 to 3, outline whatever steps—policy changes, guidelines, payroll requirements, or something else—you believe should be considered to minimize the chances of similar conflict in the future.
For this question you are asked to write an essay, In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionWhat is Mann’s position?Initial PART
Mr. Mann need to note that while the employee virtually never travels for personal reasons, his record may be verified. The witness is him. The fact that more of the labor was official was the reason he wasn't advised to hit. Sally Carter may investigate the situation further and discover the GARDEN EQUIPMENT DEALERSHIP as evidence in this case.
Second TWO
It is best to separate personal and professional tasks, especially during working hours. The worker ought to have been hit before leaving. Everyone is subject to the same rule. It makes no difference whether someone often works on their own projects or not.
Third part
According to Jane Arnold, CEO, the choice should be made based on the employee's prior performance as well as the supervisor of the maintenance department's report. If such a problem arises even once, it should be avoided or Sally Carter should decide. The CEO shouldn't have to spend time on such trivial matters. Employees should be subject to strict restrictions about in-and-out duties during business hours. Mr. Mann has to be cautioned about his behavior so that it won't happen again.
Fourth part
strict payroll regulations, about which all workers should be well aware. Sally Carter should periodically examine the in-out musters. Before leaving the office, each employee must punch in. When something as unusual as this occurrence does occur, the CEO should not be consulted. CEO is a highly prestigious title to tackle such problems.
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Identify a new consumer food or beverage product. Using the major promotion tools, design a promotion campaign for the product. Identify how you are using both push and pull strategies. Prepare your work through PPT ( power point presentation)
"SuperJuice+" - A Blend of Nutrient-Rich Fruit Juice - is a New Consumer Food or Beverage Product.
Make aesthetically stunning and captivating TV advertisements that showcase the advantages of SuperJuice+ for your health, its distinctive fruit blend, and its mouthwatering flavor. Demonstrate people drinking the juice and appearing to be refreshed and reenergized.
Set up product demonstrations in supermarkets and health food stores so that customers can try SuperJuice+ and obtain coupons or discounts for their subsequent purchases.
Utilise push techniques to reach out to distributors and retailers, enticing them with SuperJuice+ trade promotions, discounts, and incentives.
Utilise pull strategies to generate customer interest in SuperJuice+ and encourage people to look for it in stores.
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Which elements are visible when a user opens a new PowerPoint presentation? Check all that apply.
notes pane
design elements
title text placeholder
subtitle text placeholder
all slides in the presentation
Answer:
The only element visible is the presentation itself. Explanation: All of the other options, such as presenter's assistance, is hidden away from the projector, presentation device, etc. You are the only one that can see the window that shows what slide is next, presenter's notes, etc.
Explanation:
Answer:
C. title text placeholder
D. subtitle text placeholder
Explanation:
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Which scenario describes the highest level of productivity?
A. Producing 50 chairs using resources that cost $400
B. Producing 15 chairs using resources that cost $150
C. Producing 5 chairs using resources that cost $100
D. Producing 100 chairs using resources that cost $200
The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:
For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2
What is productivity?Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.
Therefore, the correct answer is option D.
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Maintaining a what of all data allows tracking changes
Answer:
A database maybe ?
Explanation:
Can Uber Be the Uber of Everything ?How does the Internet change consumer and supplier relationships?please add references
Uber, as a platform-based business model
UberBy using the internet to connect customers and drivers, Uber, a platform-based business model, has upended the conventional taxi industry. Uber's potential to become the "Uber of Everything" is a difficult subject, and the answer may change depending on a number of variables.On the one hand, Uber has already gone beyond ride-sharing to provide food delivery, electric bike rentals, and freight transportation. In this regard, Uber has already begun to market itself as a multi-service platform that can provide customers with a variety of services.Yet in order for Uber to become the "Uber of Everything," it would need to overcome a number of obstacles. For instance, certain services can need particular technical or logistical assistance.
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what are some spending areas the might be prioritized by people , yet shouldnt be ?
Answer:Generosity first (even if it is time and support rather than money)
Mortgage/Rent (payment, insurance, utilities)
Groceries (not dining out)
Protective clothing.
Required prescriptions and medical procedures.
Utilities.
Emergency savings.
Explanation:
Ms Kona owns a 9 percent interest in Carlton LLC
If Ms. Kona owns a 9% interest in Carlton LLC, it means that she has a 9% ownership stake in the company.
What soes stake ownership meanMs. Kona is evidently an owner of 9% of Carlton LLC, granting her a privilege to a nine percent share in the association's gains and interest when it comes to taking part in management resolutions.
In essence, the specifics of her investment rights are reliant upon the particular conditions of the existing Limited Liability Company operation contract, which supervises the alliance between the business' proprietors and executives.
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Discuss 6 reason why banks fail in Ghana and proffer solution to reduce banking sector from these 6 cancerous roots in your opinion
Various reasons have been found as the source of bank failure in Ghana; 6 reasons among these several reasons include Lack of corporate governance and Bad loans.
Other reasons why banks fail in Ghana include the following:
Inefficient regulatory practicesFake licenses processLow capital basePoor credit risk.The solution to restoring the banking sector from these six cancerous roots are following:
The Central Bank of Ghana should ensure all the banks in Ghana have a specific amount of capital to run their banking services to avoid undercapitalization.All the banks should ensure they carry out a necessary credit risk analysis before discharging credit to customers.The Central Bank of Ghana should make the licensing process open and fair while putting heavy sanctions on banks with fake licenses.The Central Bank of Ghana should also check the bank operations report periodically to know if they are working under established standards.All the Banks in Ghana should be encouraged and mandated to operate based on established corporate standards.Banks in Ghana should always access the loan or lending operations to manage their capital very well.Hence, in this case, the Bank's failure in Ghana can be redeemed if the proper strategies are in place.
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industry studies suggest that design activities introduce __ of all errors during the software process
Answer:
This question speaks to Computer Science.
The missing word is Correction.
Thus the complete sentence is: Industry studies suggest that design activities introduce correction of all errors during the software development process.
Explanation:
Requirements engineering is a branch of software development which appraises the needs that the software intends to meet and ensures that expectations are met. Errors at this stage can be very costly to correct if detected after the software is completed.
It is best practice for errors to be corrected during the feasibility stage. The next best phase to correct debug for errors and do major overhauls is during the design phase.
Cheers
Read the following scenario and answer the question below:
You are a public relations officer working for a local non-profit organisation called "Green Future" that focuses on promoting sustainable practices and environmental awareness in the community. The organisation has just launched a new initiative to encourage people to reduce their plastic waste and switch to reusable alternatives.
3.1. Write a press release to send to various media houses to promote this initiative and raise awareness about the importance of reducing plastic waste. Your press release should be structured according to the press release example provided in ‘Additional Resources/Supplementary Exam. Please note: The address, contact details and content provided in the press release are just an example of what should be included in your press release, and how it should be structured. For your press release you must write in your own, original words.
Also, as this is a hypothetical case study, you may make up your own address and contact details for “Green Future. (20)
FOR IMMEDIATE RELEASE
Green Future Launches Groundbreaking Initiative to Reduce Plastic Waste and Promote Sustainability
[City, Date] – Green Future, a local non-profit organization committed to fostering sustainable practices and raising environmental awareness, is proud to announce the launch of an innovative initiative aimed at reducing plastic waste and encouraging the adoption of reusable alternatives within the community.
Plastic pollution has become a pressing issue globally, posing significant threats to our environment, wildlife, and human health. With this new initiative, Green Future aims to tackle this problem head-on by empowering individuals to make conscious choices that can have a lasting positive impact on the planet.
Under the program, Green Future will engage with local businesses, educational institutions, and community members to promote the importance of reducing plastic waste. The initiative will provide educational resources, organize workshops, and distribute reusable alternatives such as cloth bags, stainless steel water bottles, and bamboo straws.
"We believe that collective action is key to addressing the plastic waste crisis," said [Spokesperson's Name], spokesperson for Green Future. "By raising awareness and offering practical solutions, we hope to inspire individuals to make sustainable choices and contribute to a greener future."
To further amplify the message and encourage widespread participation, Green Future has also partnered with media outlets, influencers, and community leaders who are committed to championing environmental causes.
To learn more about the initiative and how you can get involved, please visit [website URL] or contact Green Future at [contact information].
About Green Future:
Green Future is a non-profit organization dedicated to promoting sustainable practices and environmental awareness. Since its establishment [year], Green Future has been at the forefront of environmental initiatives, collaborating with various stakeholders to drive positive change within our community.
Media Contact:
[Your Name]
[Your Position]
[Phone number]
[Email address]
Green Future
[Address]
[City, State, ZIP]
[Phone number]
[Email address]
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Frank is worried about identity theft. He does not like to give access to his checking account to anyone but the bank.
What is the best option for him to pay his bills?
O Frank should telephone in his payment to the company.
Frank should pay his bill online.
Frank should set up automatic withdrawals for the company he is paying.
O Frank should mail a check to the company.
Answer:
Frank should mail a check to the company.
Explanation:
Got it right on Edge!
Frank should mail a check to the company.
What is a mail?A system for physically delivering postcards, letters, and packages is known as the mail or post. The term "mail" in American English often refers to the government service that collects and delivers letters and packages. Anything that is sent to your mail box or post office box is considered mail, including letters, bills, packages, periodicals, and other items sent by the postal service. The equivalent of mail on the internet is email.
In addition to conveying mail, postal authorities frequently perform other duties. In some nations, a postal, telegraph, and telephone (PTT) service also manages the telephone and telegraph networks in addition to the postal system.
What is a company?A group of people can get together to form a company, which is a legal body used to conduct and manage commercial or industrial business operations. Either public or private companies can exist; the former distributes equity to shareholders on a stock exchange, whereas the latter is privately held and unregulated. Companies have a significant role in the health of an economy by providing jobs and luring in disposable income to fuel expansion. The business lines of an organization rely on its structure, which can be a company, a partnership, or even a sole proprietorship. A company can engage into contracts, sue (or be sued), borrow money, pay taxes, own property, and employ people, among other legal rights and obligations, just like an individual can.
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Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work for her. Both she and Kate (together) can make 55 pieces of pottery per week. What is Kate’s marginal product?
Answer: 30 pieces of pottery
Explanation:
The marginal product could simply be explained as the resulting change in output as a result of employing one more unit of labor (input).
When Kate works alone ; pieces of pottery made = 25 pieces
Output when she employed her sister (Kate) and they work together, output = 55 pieces
Hence, Kate's marginal product ;
55 pieces - 25 pieces = 30 pieces
Responding to an Overdraft
Introduction: Imagine that you have received an overdraft notice on your checking account. Which steps should you
take?
Set the note aside and wait until later
Settle the matter quickly
Check my records first
Contact the bank right away
Actions to Take
Actions to Avoid
1. Check my records first
1. Set the note aside and wait until later
2. Contact the bank right away
2. Ignore the notice
3. Settle the matter quickly
3. Try to pay the overdraft with another bank account
What is Overdraft Introduction?Generally, Overdraft Introduction is a type of loan that allows customers to borrow money from their bank account to cover expenses that exceed the amount of money in their account. It is essentially a short-term loan that is provided by banks and other financial institutions to cover any shortfalls in funds.
Customers typically pay interest on the borrowed amount and may be required to pay a fee for the service. Overdraft Introduction can be useful for customers who need to cover a one-off expense or who need to cover expenses when their account balance is low.
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The factor that makes national saving equal investment, in equilibrium, is: A. public saving. B. private saving. C. fiscal policy. D. the interest rate.
Answer:
D. the interest rate.
Explanation:
National saving is defined as the portion of income that is not consumed by the individual or the government.
National savings = public savings + private savings
Usually at equilibrium national savings is assumed to be equal to to investment.
Saved cash is ideally put back into.the economy as investment.
Interest rate plays an important part in making national savings equal to investment.
At high interest rates investments are favoured resulting in equality between national savings and investment
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y9, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows:
The Gorman Group End-of-Period Spreadsheet
For the Year Ended October 31, 20Y9
Adjusted Trial Balance
Account Title Dr. Cr.
Cash $17,700
Accounts Receivable 38,530
Supplies 6,020
Prepaid Insurance 13,000
Land 137,000
Buildings 493,000
Accumulated Depreciation-Buildings 160,400
Equipment 356,000
Accumulated Depreciation-Equipment 208,900
Accounts Payable 45,570
Salaries Payable 4,520
Unearned Rent 2,050
Common Stock 205,000
Retained Earnings 380,780
Dividends 34,200
Service Fees 649,860
Rent Revenue 6,860
Salaries Expense 465,890
Depreciation Expense-Equipment 25,300
Rent Expense 21,200
Supplies Expense 14,990
Utilities Expense 13,550
Depreciation Expense-Buildings 9,030
Repairs Expense 7,460
Insurance Expense 4,090
Miscellaneous Expense 6,980
1,663,940 1,663,940
Required:
1. Prepare an income statement.
Prepare a statement of owner's equity (no additional investments were made during the year.)
Prepare a balance sheet.
2. Journalize the entries that were required to close the accounts at October 31. For a compound transaction, if an amount box does not require an entry, leave it blank.
3. If the balance of Nicole Gorman, Capital had instead increased $115,000 after the closing entries were posted and the withdrawals remained the same, what would have been the amount of net income or net loss?
Answer:
Income Statement
Revenue
Service Fees $649,860 Rent Revenue $6,860 $656,720
Expenses:
Salaries Expense ($465,890 )Depreciation Expense ($34,330) Rent Expense ($21,200) Supplies Expense ($14,990) Utilities Expense ($13,550 )Repairs Expense ($7,460 )Insurance Expense ($4,090 )Miscellaneous Expense ($6,980) ($568,490)Net income $88,230
Statement of owner's equity
Beginning common stock $205,000
Beginning retained earnings $380,780
Net income $88,230
Subtotal $674,010
Dividends ($34,200)
Ending balance common stock $205,000
Ending balance retained earnings $434,810
Dr Income summary 656,720
Cr Service Fees 649,860
Cr Rent Revenue 6,860
Dr Salaries Expense 465,890
Dr Depreciation Expense 34,330
Dr Rent Expense 21,200
Dr Supplies Expense 14,990
Dr Utilities Expense 13,550
Dr Repairs Expense 7,460
Dr Insurance Expense 4,090
Dr Miscellaneous Expense 6,980
Cr Income summary 568,490
Dr Retained earnings 88,230
Cr Income summary 88,230
Dr Dividends 34,200
Cr Retained earnings 34,200
Net loss = $60,970
Which of these is a method for gaining feedbackin agile?
provide input after being requested.
First, ask questions.
Relay only information that is in the receiver's control.
When giving instances, be succinct and precise.
What are some of the processes that an agile project might use to get feedback?We'll give you an example and go into further detail about the result.
Putting Feedback Loops into Practice on a Kanban Board.
1) Everyday Meeting (Standup Meeting)
2) A meeting to replenish and commit.
Meeting to plan the delivery.
Review of the Service Delivery
Which methodologies are available in Agile?Scrum, Kanban, Extreme Programming (XP), Lean Development, and Crystal are the five primary Agile techniques.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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