Answer:
Audit Risk
Explanation:
Auditors could be Internal or External auditors, however, they both perform similar function in accessing company financial statements or reports. If the auditors are unable to find out financial misstatement and flag the report as correct, meanwhile, the report in actual sense contain errors, it is termed Audit Risk. It comprises of three components which are Detection risk, Inherent Risk, and Control risk
the following are important reasons why we maintain our tools, implements,and equipment except: no
To assure the operational readiness of the tools, implements, equipment and
maximum return on investments.
Describing Work Activities for Construction Carpenters
Click this link to view O'NET's Work Activities section for Construction Carpenters. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom
According to O'NET, what are
common work activities performed by Construction Carpenters? Check all that apply.
inspecting equipment, structures, or material
writing computer programs to perform calculations
using knowledge of historical events and their effects on cultures
performing general physical activities
getting information
speaking and writing in a foreign language
Answer:
1.inspecting equipment, structures, or material
4.performing general physical activities
5.getting information
Answer:
The answers are 1. , 4. , 5.
Explanation:
Below are some tasks performed in Architecture and Construction jobs. Select the tasks that sound interesting or enjoyable to you.
1 performing simple manual labor outdoors(wrong) operating heavy equipment like bulldozers or forklifts (wrong) fixing things that are broken4 performing specialized technical tasks like electrical wiring5 performing inspections to ensure that safety regulations are followed(wrong) creating drawings and plans(wrong) supervising other workersdefine federal deposit insurance corporation.
Often in business the greater the risk, the __________.
Answer:
greater the potential reward
Explanation:
explain perception with foresight in contrast with un certain subsides from government under fuzzy political paradigms which is a crucial factor in a relation with your new product planing stages in concern with possible demerits?
The explanation on perception with foresight in contrast with un certain subsides from government under fuzzy political paradigms is given below.
Perception and uncertain subsides from governmentThe influence of people's near- or far-off expectations and aspirations on their current behavior is related to the perception of future time, a topic that educational psychology has addressed for a long time.
While retaining their political clout, governments would wish to release the subsidy monies for other initiatives. The way in which the people or organizations that first identified an issue see the system to which it pertains greatly affects how that problem is defined and how it is resolved.
As a result, an issue may be defined as an output that was incorrectly interpreted, a device that produced an output that was flawed, a system that produced a valid but unwanted output, or a system that produced an otherwise faultless but malfunctioning output. All definitions save the final one call for remedial action; the final one calls for change, which poses an impasse for those who resist change.
Giving subsidies to some businesses disadvantages other businesses that do not receive such subsidies, as government lacks the incentives that private investors have to manage funds.
Therefore, having an opinion with the future in view cannot guaranttee government cooperation. Governments may provide some businesses or economic sectors with subsidies in the form of cash, tax cuts, or other forms of financial assistance. Subsidies are intended to help or sustain what are considered to be important components of the national economy or infrastructure.
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Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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: Vance Enterprises makes computer components. The company uses direct labor hours as its application base. The predetermined overhead rate for the year was $18.56 per direct labor hour. The estimated manufacturing overhead for the year was $47,362. Rounded to the nearest hour, the budgeted number of direct labor hours for the year was
Answer:
The budgeted direct labor hours is 2,551.83 direct labor hours
Explanation:
The computation of the budgeted number of direct labour hours is shown below:
= Total estimated manufacturing overhead for the year ÷ predetermined overhead rate
= $47,362 ÷ $18.56
= 2,551.83 direct labor hours
Hence, the budgeted direct labor hours is 2,551.83 direct labor hours
Hence, the same is to be considered
New York and Ohio are among the states with the most remaining drive in movie screens . New York has 4 more screens than Ohio and there are 52 screens total in the two states . how many drive in movie screens remain in each state.
Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.9 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer.
A. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.
Lq =
L =
Wq = hours
W = hours
Pw =
B. Service goals dictate that an arriving customer should not wait for service more than an average of 6 minutes. Is this goal being met? If not, what action do you recommend? Yes or No
C. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.
------ customer per hour
Will the service goal be met? Yes or No
A. Operating characteristics:
Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833
B. Service goal: Not met. Action recommended.
C. Mean service rate: 7.5 customers/hour.
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).
A. To compute the operating characteristics of the customer waiting line:
Arrival rate (λ) = 2.9 customers/hour
Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour
Average number of customers in the queue (Lq):
Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017
Average number of customers in the system (L):
L = λ / (μ - λ) ≈ 0.9377
Average waiting time in the queue (Wq):
Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)
Average waiting time in the system (W):
W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)
Probability of a customer waiting in the queue (Pw):
Pw = λ / μ ≈ 0.4833
B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.
Action recommendation: To meet the service goal, I would recommend taking the following actions:
Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.
Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.
Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.
Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.
C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:
Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour
Will the service goal be met? Yes
If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.
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Supply-side economics attempts to stimulate output and lower unemployment by
A).reducing taxes to stimulate investment and consumer spending.
B.)increasing government spending on public works projects.
C.)increasing government spending during times of high employment
D.)providing social programs as a safety net for the unemployed.
Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.
What is supply-side economics?Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.
Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.
Managers in high performing organizations with high efficiency and high effectiveness,
-Choose the wrong goals, but make good use of resources
-choose the right Goals to pursue and make good use of resources
-choose the right goals, but do a poor job of using resources
-choose the wrong goals and make poor choice of resources
Managers in high-performing organizations with high efficiency and high effectiveness choose the right goals to pursue and make good use of resources.
The high efficiency and effectiveness of managers help them choose the right goals and effectively use resources to pursue them for high-quality products that customers want.
Goals + Plans = Planning
Setting goals and choosing a course of action to reach those goals is the management function known as planning. In order to support your strategic goals, good managers know how to use resources and make sure the appropriate resources are available.
Managers in high-performing companies are proficient at prioritizing work requests and setting realistic expectations with important stakeholders. They ascertain actual resource availability as well and utilize the right resources on the right work at the right time.
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100 POINTS PLEASE HELP Which account will not appear on a post closing trial balance?
A. accounts receivable
B. accounts payable
C. cash
D. expenses
Answer:
The correct answer is D. expenses.
Explanation:
A post-closing trial balance is a list of all the accounts and their balances after adjusting entries have been made and closing entries have been posted to the general ledger. It is used to verify that the debits and credits are equal and that all temporary accounts have been closed out.
Expenses are temporary accounts that are used to record the costs of goods and services that a business uses up during the accounting period. At the end of the period, these accounts are closed out to the income summary account and then to retained earnings. As a result, expenses do not appear on the post-closing trial balance because they have been closed out and their balances have been transferred to the retained earnings account.
On the other hand, accounts receivable, accounts payable, and cash are all permanent accounts that are not closed out at the end of the accounting period. These accounts reflect ongoing business operations and continue to be recorded and reported on the company's financial statements. Therefore, they would appear on the post-closing trial balance.
Which of the following improves itself by learning from new data without being explicitly programmed?
Machine learning
Descriptive statistics
Cluster analysis
Traditional data exploration
Machine learning improves itself by learning from new data without being explicitly programmed.
Machine learning is a subfield of artificial intelligence that involves the development of algorithms and models that can analyze and learn from data, make predictions or decisions, and improve their performance over time. Machine learning algorithms can be trained using large datasets, and they can automatically identify business patterns, relationships, and insights from the data. This ability to learn and improve from new data without being explicitly programmed is one of the key advantages of machine learning over traditional data exploration methods. Descriptive statistics, cluster analysis, and traditional data exploration are important tools for analyzing and understanding data, but they do not have the ability to learn from new data in the same way that machine learning algorithms do.
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You buy a house for $299,000.
If you make a 20% down payment, find the value of the
a. Down payment $ 59800
If you take out a loan for the remainder of the house, find the
b. Loan amount $ 239200
Question 2
How much will your principal and interest payment be per month if you take out a 30-
year loan with an interest rate of 4.25%.
Question 3
How much would you pay in total per month for the 30-year loan if you pay $3200/year
in taxes, $1050/year in insurance and $28/month for the homeowner's association?
Question 4
How much of the first payment for the 30-year loan is interest?
Question 5
How much of the first payment for the 30-year loan is principal?
Question 6
How much in total will you pay for the 30-year loan?
Question 7
How much will you pay in interest for the 30-year loan?
Answer:
the answer is b
Explanation:
i worked it out
Talia Corp. produces digital cameras. For each camera produced, direct materials are $20, direct labor is $16, variable manufacturing overhead is $12, fixed manufacturing overhead is $28, variable selling and administrative expenses are $10, and fixed selling and administrative expenses are $24. Compute the target selling price assuming a 40% markup on total per unit cost. Target selling price
Answer:
Talia Corp.
Target Selling Price
= $154
Explanation:
a) Data and Calculations:
Direct materials = $20
Direct labor = 16
Variable manufacturing overhead = 12
Fixed manufacturing overhead = 28
Variable selling & administrative expenses = 10
Fixed selling and administrative expenses = 24
Total cost $110
40% markup on total per unit cost = 44
Target Selling Price = $154
b) Talia bases its target selling price on the addition of 40% of the total cost to the total cost (including manufacturing costs, selling, and administrative expenses).
explain 5 advantages of transport to the business
Answer:
Explanation:
Efficient Transport. Your firm may be losing money and resources by sticking with an outdated shipping model.
Increased Customer Satisfaction.
Opportunity For Innovation.
Information On Technology Updates.
Industry-Specific Expertise.
Why do we need Alternative risk transfer?for insurance
Answer:
yes
Explanation:
this is because alternative risk transfer is purposely for insurance
Answer:
The alternative risk transfer (ART) market allows companies to purchase coverage and transfer risk without having to use traditional commercial insurance. The ART market includes risk retention groups (RRGs), insurance pools, captive insurers, and alternative insurance products.
Explanation:
What term refers to the power of the government to tax and spend to achieve
economic goals?
A. Fiscal policy
B. Discretionary spending
C. Monetary policy
D. Economic efficiency.
SWOT analysis is not a subjective process.
True
False
SWOT analysis is not a subjective process. The statement stated above is False.
What do you mean by Analysis?An analysis is significant because it arranges and interprets data before structuring it into presentable knowledge that is applicable to practical applications.
A subjective evaluation of facts that is logically arranged according to the SWOT structure to aid in understanding, presentation, discussion, and decision-making is known as a SWOT analysis.
Internal elements, such as strengths and weaknesses, rely on the goal, project, or initiative under analysis. What is a strength for one purpose or project could be a drawback for another since it is subjective to the chosen objective.
Therefore, The statement is false. A SWOT analysis is a subjective assessment of data.
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what is the ultimate purpose of the microfoundations program?
Answer:
Thus, rather than take structural and macro factors for granted, the goal of the microfoundations program is to explain their origins and evolution by looking at how they emerge as a result of individual choices and social interaction.
A business plans to make 30,000 coats per annum, each taking 1.5 direct labour hours. If
the direct labour rate is $8 per hour and a pay rise of 20% is awarded halfway through the
year, what the is total annual direct labour budget?
A business makes 15,000 coats annually. Each coat taking 1.5 labor hours. The direct labor rate is $8.
Total cost= 15,000X1.5X$8 =$1,80,000 p.a.
What is Total cost?Total cost is the term used to describe the total cost of manufacturing, which includes both fixed and variable costs.
The total cost is the term used in economics to describe the costs involved in producing a good.
A business's cost is frequently the investment made to produce the good or service it sells. Price is a reflection of a customer's willingness to pay for a commodity or service.
First half year labor cost=$1,80,000/2
= $90,000
After rising the price by 15%
Second half year labor cost=$90,000X1.15
=$1,03,000
Total budget=$90,000+1,03,000
=$1,93,000.
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what are pervasiveness of risk in bussiness
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
1. A creditor's claim to the property of an individual or business is called
a. an equity
b. an asset
ca liability
d. a credit
Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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law of demand states that
Answer:
The higher the price the higher the quantity demand.
Explanation:
The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.
Evaluate the impact that the Total quality management elements have on woolworths, as a large company and provide practical examples to support your findings
The elements of total quality management in a large company like Woolworths is the creation of value in the micro and macro environment.
How does total quality management impact the business?Total quality management is a method that assists in the continuous improvement of processes, through a strategy of monitoring, controlling and reviewing processes to reduce bottlenecks and maximize quality.
Therefore, in a supermarket chain like Woolworths, total quality management can increase employee and consumer satisfaction, increasing the company's positioning and competitive advantage.
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you think the way you talk is important to listener?
Mandatory spending refers to programs in the U.S. federal budget that
Answer:
Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.
Explanation:
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in preparation of standard cost we consider what situation macroeconomics or microeconomics???
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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