The following are all necessary in order to have a successful recruitment process EXCEPT Select one: a. determining what outcome you are looking for b. having a recruiter, either internal or external, assist with the process c. having a full understanding of the job duties and qualifications d. identifying the best sources for recruitment. e. designing a clear and accurate recruitment advertisement.
Answers
The following are all necessary in order to have a successful recruitment process except having a recruiter, either internal or external, assist with the process. This is the correct statement about the necessary requirements for a successful recruitment process.
Recruitment is the process of identifying, attracting, screening, and hiring skilled individuals for a specific job or position. Recruitment is a crucial component of the HRM (Human Resource Management) process, and it plays a significant role in a company's growth and development. Recruitment is a strategic process that requires careful planning and execution. Following are the necessary requirements for a successful recruitment process: determining what outcome you are looking for, having a full understanding of the job duties and qualifications.
Identifying the best sources for recruitment, and designing a clear and accurate recruitment advertisement. Internal and external recruiters are both beneficial in the recruitment process, but having them is not a prerequisite for success. As a result, the correct option is (B) having a recruiter, either internal or external, assist with the process.
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Related Questions
which of the following is not a valid theory that attempts to explain the shape of the term structure of interest rates?
Answers
The liquidity premium theory is not a valid theory that tries to describe the shape of the term structure of interest rates. A liquidity premium is a rate of return demanded by investors for purchasing assets that are deemed more illiquid than other investments with similar maturities.
It's typically based on the concept that investments with less liquidity are more vulnerable to changes in market conditions and may be more difficult to sell at a reasonable price. Theories that describe the shape of the term structure of interest rates include:
Expectations theory is a term structure theory that assumes that long-term interest rates reflect the expectations of future short-term interest rates and the relevant risk premiums over time.
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the annual tax bill on a home was $1,282 and was due on jan. 1, 2018. the home sold and will close on april 23, 2018. how much will be credited to the seller for the proration of taxes? (30-day months)
Answers
The amount of $393.44 will be credited to the seller for the proration of taxes.
The seller own the buyer Jan 1 to Apr 23
Jan 31 days
Feb 28 days
Mar 31 days
Apr 22 days
$1282 / 365 days = $3.512 per day
calculate
$3.512 x 112 days = $393.44 tax proration
A tax is a necessary fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public spending initiatives are then funded with the funds that have been raised.
Taxes are used by governments to cover internal costs, new construction, public health, education, and security.
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1.what is the purpose of market survey? Explain
2.what is the importance of market survey
3.what are the benefits of market survey research
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1. The purpose of a market survey is to gather information and insights about a specific market, its customers, competitors, and trends. It aims to collect data that helps businesses make informed decisions and develop effective marketing strategies. Market surveys typically involve collecting data through questionnaires, interviews, or other research methods to understand customer preferences, needs, and behaviors.
By conducting a market survey, businesses can:
Identify target customers: Market surveys provide valuable information about the demographics, psychographics, and preferences of target customers. This helps businesses tailor their products, services, and marketing efforts to meet customer demands effectively.Understand customer needs: Surveys allow businesses to gain insights into the needs, expectations, and pain points of their target audience. This information helps in developing products or services that address those needs and provide better customer satisfaction.Evaluate market potential: Market surveys provide an understanding of the size, growth potential, and trends within a specific market. This helps businesses assess the viability of entering a market or expanding their offerings.Monitor competition: Market surveys enable businesses to gather data about competitors, their products, pricing strategies, and marketing tactics. This information helps companies identify their competitive advantage and make informed decisions to stay ahead in the market.2. The importance of market surveys can be summarized as follows:
Market Insight: Surveys provide businesses with valuable insights into customer preferences, behaviors, and market trends. This knowledge helps in developing effective marketing strategies, launching new products, and staying relevant in a competitive market.Customer Satisfaction: By understanding customer needs and expectations through surveys, businesses can improve their products, services, and overall customer experience. This leads to higher customer satisfaction and loyalty, which in turn drives repeat business and positive word-of-mouth recommendations.Decision-making: Market surveys provide data-driven insights that support strategic decision-making. Businesses can use survey results to determine pricing strategies, product positioning, target market selection, and marketing channel optimization.Risk Mitigation: Conducting market surveys helps businesses minimize risks associated with introducing new products or entering new markets. By understanding customer demand and market dynamics, businesses can make informed decisions and mitigate potential risks.3. The benefits of market survey research include:
Enhanced Understanding: Market surveys provide a deep understanding of customers, their preferences, and behavior patterns. This knowledge helps businesses design targeted marketing campaigns, improve products, and meet customer expectations more effectively.
Competitive Advantage: Conducting market surveys allows businesses to gather intelligence on their competitors. By analyzing customer perceptions, preferences, and satisfaction levels, companies can identify areas where they can differentiate themselves and gain a competitive edge.
Identifying Opportunities: Market surveys can uncover unmet customer needs, emerging trends, and new market segments. This information helps businesses identify opportunities for product innovation, market expansion, and diversification.
Data-Driven Decision Making: Market survey research provides quantitative and qualitative data that supports informed decision-making. Businesses can rely on survey results to validate hypotheses, evaluate marketing strategies, and guide resource allocation.
Increased Customer Satisfaction: By listening to customers' voices through surveys, businesses can identify areas for improvement and take proactive measures to enhance customer satisfaction. This leads to improved customer loyalty and advocacy.
Cost Savings: Market surveys can help businesses avoid costly mistakes by reducing the risks associated with product launches or market expansion. By gathering insights before making significant investments, companies can make more informed and targeted decisions, ultimately saving resources.
Overall, market surveys play a crucial role in understanding markets, customers, and competition. They provide businesses with actionable insights that drive strategic decision-making, improve customer satisfaction, and enhance business performance.
you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Answers
Answer:
GG
Explanation:
GG
Answer:
Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')
rafferty was the principal shareholder in continental corporation, and as a result, he received the lion's share of continental corporation's dividends. continental corporation was anxious to close an important deal for iron ore products to use in its business. a written contract was on the desk of stage corporation for the sale of the iron ore to continental corporation. stage corporation, however, was cautious about signing the contract, and it did not sign until rafferty called stage corporation on the telephone and stated that if continental corporation did not pay for the ore, he would pay. business reversals struck continental corporation, and it failed. stage corporation sued rafferty. what defense, if any, has rafferty?
Answers
Stage Corporation will have access to the main purpose doctrine, which has the power to bind Rafferty to his verbal commitment.
What is doctrine?As the core of teachings in a particular field of study or belief system, doctrine is a codification of beliefs or a body of teachings or instructions, taught concepts, or positions.
"Catechism" is the etymologically equivalent Greek word.
So, in the given situation:
Suretyship Clause: Main Objective Doctrine
Rafferty's position is that his oral promise to pay for the iron ore constituted a contract to guarantee the payment of another's obligation, which must be in writing to be enforceable under the statute of frauds. The debt or liability of Continental Corporation was collateralized by Rafferty's verbal agreement to pay it. Although Rafferty was the majority stakeholder in Continental Corporation, his guarantee cannot be regarded as an original promise or undertaking. However, Stage Corporation will be able to use the main purpose concept to compel Rafferty to keep his verbal promise.Therefore, stage Corporation will have access to the main purpose doctrine, which has the power to bind Rafferty to his verbal commitment.
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Which statement below is not a reason for a corporation to buy back its own stock. a. for supporting the market price of the stock b. bonus to employees c. to increase the shares outstanding d. resale to employees
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A corporation can either fund its buyback by incurring debt through the issuance of bonds or by using the money saved in retained earnings.
Following the stock repurchase, the issuer or transfer agent operating on the issuer's behalf must adhere to a variety of Securities and Exchange Commission regulations.
In a buyback, a business either directly purchases its own stock from the market or gives shareholders the choice to tender their shares to the business at a predetermined price. By lowering the number of outstanding shares, a share repurchase raises both the demand for and the price of the stock.
Buy Back of shares reduces the shares outstanding.Significant changes in stockholders' equity are reported in statement of stockholders' equity.The advantage of bonds is interest expense is deductible for tax purposes.Stockholders' Equity includes retained earnings and paid-in capital.Interest rate specified in bond indenture is called contract rate.Therefore, Option C is the correct choice.
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Vera examined a random sample of deodorants distributed by her company. She found the following probabilities:.
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Vera examined a random sample of deodorant distributed by her company and she found a probability of 0.82.
P=0.55 for males.
P=0.18 for botanical fragrance
P=0.05 for men and botanic
Given that deodorant has a botanical aroma, we need to determine the likelihood that it is for guys.
(For men/Botanical smell) i.eP
The condition probability formula is P (A | B ) = P (A U B ) / P (B)
P for men/Botanic scent = P ( F or men and botanic ) / P (botanic scent)
P(For men/Botanical fragrance) = 0.05/ 0.18
P=0.28 (For men/Botanical smell)
Simply put, the probability is the likelihood that something will occur. When we don't know how an event will turn out, we might discuss the likelihood or likelihood of several outcomes. Statistics is the study of occurrences that follow a probability distribution.
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Which of these scenarios would lead to an industry requiring more productive workers?
A. Supply of goods increases, and demand for goods decreases
B. Supply of good decreases, and demand for goods increases
C. Supply of goods increases, and demand for goods remains the same
D. Supply of goods decreases,and demand for goods remains the same
Answers
Answer:
B- Supply of goods decreases, and demand for goods increases.
Explanation:
I took the quiz
Answer:
Supply of goods decreases, and demand for goods increases.
if you are given an amount to start your business, what items will you considered and why?
Answers
If I were given an amount to start my business, there are several crucial items I would consider investing in. Here are the key items Market Research and Analysis, Product/Service Development, Marketing and Advertising, Infrastructure and Equipment, Human Resources, Legal and Regulatory Compliance, Contingency Fund.
Market Research and Analysis: Allocating funds for thorough market research and analysis is essential. It helps identify target customers, understand competition, and determine market trends, ensuring informed decision-making and a solid business strategy.
Product/Service Development: Investing in product or service development is crucial to create a high-quality offering that meets customer needs. This includes research and development, prototyping, and testing to refine the product/service before launch.
Marketing and Advertising: A portion of the funds should be dedicated to marketing and advertising efforts. This may include digital marketing campaigns, social media advertising, search engine optimization, and other promotional activities to create brand awareness and attract customers.
Infrastructure and Equipment: Setting up a reliable infrastructure and acquiring necessary equipment are vital. This includes office space, technology infrastructure, manufacturing equipment, or software tools that facilitate efficient operations.
Human Resources: Hiring the right talent is critical for the success of any business. Allocating funds for recruitment, training, and salaries is important to build a skilled team that can execute the business plan effectively.
Legal and Regulatory Compliance: Ensuring compliance with legal and regulatory requirements is crucial. Allocating funds for legal services and licenses/permits will help navigate legal complexities and avoid potential issues in the future.
Contingency Fund: It's prudent to allocate a portion of the funds for unexpected expenses or emergencies. Having a contingency fund provides financial security and allows the business to navigate unforeseen circumstances without compromising operations.
By investing in these areas, I can lay a strong foundation for my business, ensuring a well-researched strategy, quality product/service, effective marketing, efficient operations, compliance with regulations, and the ability to handle unforeseen challenges.
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physicians clinic orders by phone seven cases of single-use latex gloves from quality medical supplies, inc at a cost of $100 per case. after three cases are delivered and accepted, physicians clinic repudiates the contract. quality medical can enforce the contract to
Answers
After three cases are delivered and accepted, physicians clinic repudiates the contract. Quality medical can enforce the contract to deduct the difference between the contract price and the market price for the remaining four cases.
Single-use latex gloves are the non-reusable gloves that are made from latex. They are used in various industrial, medical, and laboratory applications. The gloves are used for the protection of the wearer and other people from infections, allergens, and other contaminants. They are used by people who work with potentially harmful substances that can cause infections or allergies.
Repudiation of a contract is when one party breaches the contract by declaring that they will not perform their obligations under the contract. The repudiation of a contract may occur by words or by conduct. It may also occur by anticipatory breach. The anticipatory breach occurs when one party declares that they will not perform their obligations under the contract before the time for performance comes.
A contract is an agreement between two or more parties that creates legal obligations between them. The contract may be expressed or implied. It may be written or oral. The contract may be enforceable by law. The contract may be governed by the common law or by the Uniform Commercial Code (UCC). It may also be governed by international law. It is important to have a valid contract because it provides security and predictability to the parties involved.
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Which of the following is NOT true about technology?
O It can improve productivity.
OIt can create new markets.
O It's always good for everyone.
It can reduce costs.
Answers
Answer:
it's always good for everyone
Explanation:
some people might get bullied online or get texts from creeps
1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answers
Answer:
E
Explanation:
The Bedford Falls Bridge Building Company is considering the purchase of a new crane. George Bailey, the new manager, has had some past management experience while he was the chief financial officer of the local savings and loan. The cost of the crane is $17,291. 42, and the expected incremental cash flows are $5,000 at the end of year 1, $8,000 at the end of year 2, and $10,000 at the end of year 3. A. Calculate the net present value if the required rate of return is 9 percent. B. Calculate the internal rate of return. C. Should Mr. Bailey purchase this crane
Answers
A. To calculate the net present value (NPV) of the crane investment, we need to discount the expected cash flows at the required rate of return of 9 percent. The formula for NPV is as follows:
NPV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + CF3 / (1 + r)^3 - Initial cost
Where CF1, CF2, and CF3 are the cash flows expected at the end of year 1, year 2, and year 3, respectively, and r is the required rate of return.
Using the provided information, we can calculate the NPV as follows:
NPV = $5,000 / (1 + 0.09)^1 + $8,000 / (1 + 0.09)^2 + $10,000 / (1 + 0.09)^3 - $17,291.42
B. The internal rate of return (IRR) is the discount rate that makes the NPV of an investment equal to zero. We can calculate the IRR by finding the discount rate at which the sum of the present values of the cash flows equals the initial cost. This can be done using trial and error or financial software.
C. To determine whether Mr. Bailey should purchase the crane, we evaluate the NPV and compare it to zero. If the NPV is positive, it indicates that the investment is expected to generate a return higher than the required rate of return and is therefore favorable. If the NPV is negative, it indicates that the investment is expected to generate a return lower than the required rate of return and may not be advisable.
Without the actual cash flows for the subsequent years, it is not possible to calculate the precise NPV and IRR or make a definitive recommendation. However, based on the information provided, Mr. Bailey should calculate the NPV and IRR using the formulas and compare the results to determine if the investment in the crane is financially viable.
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Scenario 3: Buying a cell phone plan It’s time to buy a new cell phone plan, and you will be paying for this one yourself. The providers offer a lot of options, and your budget is limited. What financial information do you need? What financial decision-making strategies can you use? (Cost comparison, cost-benefit analysis, calculating future expenses, or budgeting?)
Answers
Answer:
hi bestie
cost comparison
Explanation:
The first insurance company in the United States was
Answers
Friendly Society was the first insurance company in the United States, it was established in Charleston, South Carolina.
The first insurance company in the United States was the Philadelphia Contribution ship for the Insurance of Houses from Loss by Fire, founded in 1752 by Benjamin Franklin and his associates.
The company was established in response to the frequent and devastating fires that occurred in colonial Philadelphia. Details are as follows:
Founding: The Philadelphia Contribution ship was founded on February 13, 1752, with a mission to provide financial protection to homeowners in the event of fire-related losses.
Structure: The company operated as a mutual insurance company, meaning it was owned by its policyholders rather than external shareholders. Policyholders shared the risk collectively and contributed to a common fund to cover losses.
Fire Insurance: The primary focus of the Contributions hip was fire insurance. It offered policies to homeowners to protect their houses, buildings, and other property from fire-related risks.
Premiums and Policies: Policyholders paid premiums to the company based on the value of their insured property. In return, they received a policy that detailed the terms and conditions of their coverage.
Growth and Legacy: The Philadelphia Contribution ship played a significant role in shaping the insurance industry in the United States. It set a precedent for the establishment of other insurance companies across the country.
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Which position would be a direct report to a hotel's F&B director? a. head bartender b. human resources director c. banquet manager d. sous chef.
Answers
The position that would be a direct report to a hotel's F&B director would be the banquet manager.
Banquet managers are responsible for overseeing the operations of banquet events, including managing staff, organizing events, and ensuring guest satisfaction. They work closely with the F&B director to ensure that all events are planned and executed in accordance with the hotel's standards and policies. While the other positions mentioned, such as head bartender, human resources director, and sous chef, may also be part of the F&B department, they typically report to other senior leaders within the organization. Therefore, the banquet manager is the most likely position to report directly to the F&B director.
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Operating activities in the cash flow statement reflect the inflow and outflow of cash from ___ assets and liabilities. Investing activities recognize the buying and selling of ___
assets.
1. a. tangible b. current c. intangible
2.a. intangible b. current c. fixed
Answers
Answer:
1. Current.
2. Fixed.
Explanation:
A financial statement can be defined as a written report used by financial experts or accountants to quantitatively describes the financial health of a company. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
Operating activities in the cash flow statement reflect the inflow and outflow of cash from current assets and liabilities. Thus, all the net income or cash from all operational business activities of a company is recorded as operating activities. Some examples of operating activities are cash paid as an expense for merchandise, cash revenue generated from the sales of finished goods etc.
Investing activities recognize the buying and selling of fixed assets.
Generally, investing activities comprises of purchasing fixed or physical assets, investing in securities and the sale of assets or securities associated with the company.
Please help worth bonus points!
Answers
Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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It may be misleading to label a trade deficit as unfavorable or adverse, because:a. the multiplier does not apply to a trade deficit.b. a trade deficit increases a nation's aggregate output and employment.c. a nation's consumers benefit from a trade deficit during the period it occurs.d. a trade deficit precludes inflation.
Answers
The answer is:
b. a trade deficit increases a nation's aggregate output and employment.
Trade deficit:
Secondly, a trade deficit can actually increase a nation's aggregate output and employment. When a country imports more than it exports, it means that it is consuming more goods and services than it is producing. This can lead to an increase in demand for foreign goods, which in turn can stimulate economic growth and create employment opportunities.
Thirdly, a trade deficit can benefit a nation's consumers during the period it occurs. Imports provide consumers with a greater variety of goods at lower prices, which can lead to increased purchasing power and a higher standard of living.
Lastly, a trade deficit can help to prevent inflation. When a country imports more than it exports, it can lead to a surplus of foreign currency. This surplus can then be used to purchase domestic goods and services, which can help to reduce demand-pull inflation.
In conclusion, while a trade deficit may be viewed as unfavorable or adverse, it is important to consider the various factors that contribute to it. A trade deficit can have positive effects on a nation's aggregate output and employment, benefit consumers, and help to prevent inflation. Therefore, labeling a trade deficit as solely unfavorable or adverse may be misleading.
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I need a 7 sentence summary on professional appearance
Answers
Answer:
what does this mean
Explanation:
Privately owned media companies in the united states earn most of their revenue from:.
Answers
Answer:
advertising
Explanation: Mark me brainliest!!
Media companies are the group that enabled broadcasting for knowledge, entertainment, and another purpose. The major source of revenue for media companies is advertisements.
What is revenue?The revenue can be described as the actual amount earned by a business by performing its regular business operations. It can be in the form of fixed income or fluctuating income.
The media companies invested in the gathering of the information and the processing for the development of the broadcasting content.
The major revenue source gained by the private media companies was developed from advertising.
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design thinking is ______. an entrepreneurship a special skillset the solution an artist creation
Answers
Design thinking is a special skillset.
What is design thinking?Design thinking is a structured approach to creative problem-solving that is concerned with identifying and solving problems in innovative ways that are both practical and functional. It's a methodology for understanding human behavior, developing empathy, and generating creative solutions to complex problems.
What is entrepreneurship?Entrepreneurship is the process of creating a new enterprise or business with the goal of generating revenue or profit. Entrepreneurship is the act of identifying and developing a new product, service, or business model to meet the needs of a market or consumer.
What is the relationship between entrepreneurship and design thinking?Entrepreneurship and design thinking are closely related because design thinking is a critical component of entrepreneurship. Entrepreneurs must be able to identify problems that need to be solved and develop creative solutions to these problems.
Design thinking is a methodology that helps entrepreneurs do this by focusing on user-centered design, prototyping, and iteration. Design thinking is a special skillset that helps entrepreneurs identify and solve problems in innovative ways.
It's an essential tool for entrepreneurs because it allows them to develop creative solutions to complex problems and to create products and services that meet the needs of their customers.
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After discussing the options, the strategic management team has agreed that the pod coffee idea works well with the company’s mission statement and decides that the company should move forward in exploring the pod coffee idea. In order to make sure that the pod coffee idea is a good one, and to see if there are other potential future endeavors to pursue, you must analyze the market situation and formulate a strategy. Your boss asks you to start working on the pod coffee idea. What is your first step? Select an option from the choices below and click Submit.
Answers
Considering the situation above, the first step to analyze the market situation and formulate a strategy is to "assess the organization's strengths, weaknesses, opportunities, and threats."
This is because, by carrying out a SWOT analysis (strength, weakness, opportunities, and threats), one would be able to identify the current position of the firm and the extent to which they can expand.
This analysis would give the firm a clear picture of the potential future endeavors to pursue and maximize their strengths and opportunities.
Also, they would know where they need to work on or avoid relative to their weakness and threats.
Hence, in this case, it is concluded that the SWOT Analysis is one of the significant tools in business operation.
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THREE government regulations that guides the establishment and operation of a business.
Answers
Clarity the similarities and differences
between plough and tractor.
Answers
Answer:
Explanation:
1. Plough is a local technology whereas Tractor is a modern technology.
2. Plough requires human energy whereas Tractor does not require much human energy.
3. Plough doesn’t affect the environment whereas Tractor affects the environment.
4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.
5. Plough requires or consumes more time whereas Tractor consumes less time.
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of the three primary tools the federal reserve uses to conduct monetary policy, the tool used most often is
Answers
Of the three primary tools the federal reserve uses to conduct monetary policy, the tool used most often is the open market operation.
Monetary policy are policies taken by the Federal reserve to affect the level of aggregate demand in the economy.
Tools of monetary policy:
1. Open market operations : It is when the Feds either sell bonds to the public or buys bonds from the public. When the Fed buys bonds, it is known as contractionary policy. When it buys bonds, it is known as an expansionary policy.
2. Reserve Requirement : Reserves are the proportion of deposits required by the central bank that banks keep. If reserve requirement is increased, ,money supply in the economy decreases and if it is decreased, money supply increases.
3.Discount rate : this is the rate at which the central bank lends to commercial banks. An increase in discount rate is a contractionary policy while an decrease in discount rate is an expansionary policy .
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A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
Erica decides to spend $50 on a ticket to a concert with friends instead of buying a new pair of jeans. What is the opportunity cost other decision?
A. the benefit of having a new pair of jeans
B. the benefit of going out with her friends
C. the $50 Erica spent on the ticket
D. the enjoyment of going to the concert
Answers
Answer:
The benefit of having a new pair of jeans
Explanation:
Answer:
The benefit of having a new pair of jeans
Explanation:
"Required:
For each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.
1. Receive cash from customers in advance, $560.
2. Pay utilities bill for the previous month, $130.
3. Pay for insurance one year in advance, $1800.
4. Pay workers' salaries for the current month, $760.
5. Incur costs for employee salaries in the current month but do not pay, $960.
6. Receive cash from customers at the time of service, $1500.
7. Purchase office supplies on account, $290.
8. Borrow cash from the bank, $3600.
9. Receive cash from customers for services performed last month, $710.
10. Pay for advertising to appear in the current month, $410."
Answers
1. Under accrual-basis accounting, no revenue is recognized in the current period since cash is received in advance. Under cash-basis accounting, $560 is recorded as revenue in the current period since cash is received.
2. Under accrual-basis accounting, $130 is recognized as an expense in the current period since the utilities bill relates to the previous month. Under cash-basis accounting, $130 is recorded as an expense in the current period since cash is paid.
3. Under accrual-basis accounting, no expense is recognized in the current period since the insurance payment covers one year in advance. Under cash-basis accounting, $1,800 is recorded as an expense in the current period since cash is paid.
4. Under accrual-basis accounting, $760 is recognized as an expense in the current period since it relates to the current month's salaries. Under cash-basis accounting, $760 is recorded as an expense in the current period since cash is paid.
5. Under accrual-basis accounting, $960 is recognized as an expense in the current period since it represents the costs incurred for employee salaries. Under cash-basis accounting, no expense is recorded in the current period since cash is not paid.
6. Under accrual-basis accounting, $1,500 is recognized as revenue in the current period since cash is received at the time of service. Under cash-basis accounting, $1,500 is recorded as revenue in the current period since cash is received.
7. Under accrual-basis accounting, $290 is recognized as an expense in the current period since office supplies are purchased on account. Under cash-basis accounting, no expense is recorded in the current period since cash is not paid.
8. Under accrual-basis accounting, no revenue or expense is recognized in the current period for borrowing cash from the bank. Under cash-basis accounting, $3,600 is recorded as an inflow of cash in the current period.
9. Under accrual-basis accounting, $710 is recognized as revenue in the current period since it represents cash received for services performed last month. Under cash-basis accounting, $710 is recorded as revenue in the current period since cash is received.
10. Under accrual-basis accounting, $410 is recognized as an expense in the current period since it represents the cost of advertising for the current month. Under cash-basis accounting, $410 is recorded as an expense in the current period since cash is paid.
The amounts recorded for revenue and expense differ between accrual-basis accounting and cash-basis accounting for each transaction. Accrual-basis accounting recognizes revenue and expense based on when they are earned or incurred, regardless of cash flow, while cash-basis accounting records revenue and expense when cash is received or paid.
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