The type of service provided when a non-independent accountant assembles financial statements from client records is b. Preparation of FS.
Preparation of Financial Statements (FS) is a bookkeeping service that allows businesses to obtain their financial data in a format that is compliant with accounting standards.
The preparation of FS includes compiling the financial records of an organization, making adjustments, and recording the information in a format that complies with established accounting standards.
This service is performed by a non-independent accountant who is appointed by the management of the company. The term "non-independent accountant" means that the accountant is not completely free from the organization's influence and does not have the same level of independence as an auditor or a reviewer.
There are three major types of accounting services offered by accountants:
CompilationCompilation services are the most simple and basic form of accounting services. Compilation services consist of the preparation of financial statements from the client's accounting records by an accountant.
These financial statements are not guaranteed to be accurate, and they are not reviewed or audited by an independent party.
ReviewA review involves the auditor's evaluation of the financial statements to determine whether any apparent inconsistencies, discrepancies, or other concerns require further investigation.
Reviewing financial statements are less in scope than auditing, but they do provide reasonable assurance that the financial statements are in accordance with generally accepted accounting principles (GAAP).
AuditAudits are performed to provide an opinion on whether the financial statements are free from material misstatement. In an audit, the auditor is responsible for obtaining sufficient evidence to support the amounts and disclosures in the financial statements.
The auditor must also assess the risk of material misstatement due to fraud or error, evaluate the internal control of the company, and obtain a sufficient understanding of the company's operations.
To learn more about service, refer below:
https://brainly.com/question/30418810
#SPJ11
The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.
Why do promises make a difference in people ives
Answer:
It gives people hope and trust in that person. Promiss are a mere social construct however they add that bit of extra trust to the mix
An increase in income taxes _______, everything else remaining the same.
A.
sometimes increases the multiplier and sometimes decreases the multiplier
B.
makes the multiplier smaller
An increase in income taxes makes the multiplier smaller, everything else remaining the same. The multiplier refers to the amount by which a change in government spending or taxation will affect the overall level of economic activity. It measures the impact of government policies on the economy.
When income taxes increase, consumers have less disposable income to spend on goods and services. This leads to a decrease in consumer spending, which reduces the demand for goods and services in the economy. As a result, businesses earn less revenue, which may lead to a decrease in production and employment. This decrease in production and employment leads to a decrease in the overall level of economic activity in the economy. The decrease in consumer spending caused by an increase in income taxes has a ripple effect throughout the economy, causing a reduction in economic activity and a decrease in the multiplier. The smaller multiplier means that the overall impact of government policies on the economy will be less than it would have been if income taxes had not been increased.
To know more about income visit:
brainly.com/question/14732695
#SPJ11
How does a decrease in the price level affect real wealth and aggregate demand?
A decrease in the price level increases real wealth, lowers interest rates, and stimulates net exports, leading to an increase in aggregate demand.
A decrease in the price level can affect real wealth and aggregate demand in several ways:
Real wealth: A decrease in the price level increases the purchasing power of money. This means that people can buy more goods and services with the same amount of money. As a result, their real wealth, which is the value of their assets in terms of purchasing power, increases. When real wealth increases, people tend to feel more financially secure and are more likely to spend money, leading to an increase in aggregate demand.Interest rates: A decrease in the price level can also lead to a decrease in interest rates. When prices fall, the real value of money increases, which reduces the demand for borrowing money. This leads to a decrease in interest rates, making it cheaper for businesses and consumers to borrow money to invest and spend. Lower interest rates can increase investment spending, which can further stimulate aggregate demand.Net exports: A decrease in the price level can make domestic goods and services relatively cheaper compared to foreign goods and services. This can lead to an increase in exports and a decrease in imports, which can boost net exports and aggregate demand.In summary, a decrease in the price level can increase real wealth, lower interest rates, and stimulate net exports, leading to an increase in aggregate demand. Conversely, an increase in the price level can have the opposite effect, decreasing real wealth, raising interest rates, and lowering net exports, leading to a decrease in aggregate demand.
Learn more about aggregate demand: https://brainly.com/question/1490249
#SPJ11
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answer:
the answer is planning, ensuring, and acting
A company that is organized by both product and function is using ________ organization. a. flat b. hierarchical c. market d. matrix please select the best answer from the choices provided a b c d
A corporation that uses matrix organization is structured around both products and functions.
To help you better grasp what a matrix organization is, let me first define it as a business structure that uses a grid to organize reporting connections. Instead of the usual hierarchy used by the majority of businesses, a matrix or grid is essentially used to express this. An employee must report twice, once to the product manager and once to the function manager or department. Your company may become more adaptable, nimble, and able to change more rapidly thanks to the matrix organizational structure, but implementing it successfully requires more than just developing a new organizational chart. It undoubtedly has its share of difficulties, but you can get through them and make the most of them. Texas Instruments, Phillips, Caterpillar, and other well-known companies that have adopted a matrix organizational structure have all done so at some point. The structure, nevertheless, appears to have gained greater traction in the 1970s before being seen as diluted and convoluted in the 1980s.Know more about matrix organization:
https://brainly.com/question/7437866
#SPJ4
Huehn-Brown Products in St. Petersburg offers the following discount schedule for its 4-by-8-foot sheets of quality plywood.
Unit Cost Order 9 sheets or less $21.00 10 to 50 sheets $20.50 More than 50 sheets $20.25
Home Sweet Home Company orders plywood from Huehn-Brown. Home Sweet Home has an ordering cost of $55. Carrying cost is 21%, and annual demand is 105 sheets. What do you recommend? The best strategy is to order sheets, at a total cost of $ (round your responses to the nearest whole number).
The best strategy is to order 22 sheets, at a total cost of $476.
To determine the best ordering strategy for Home Sweet Home Company, we need to calculate the total cost for each discount level and choose the one with the lowest cost.
For orders of 9 sheets or less, the cost per sheet is $21.00, so the total cost would be:
$21.00 x 105 = $2,205
For orders of 10 to 50 sheets, the cost per sheet is $20.50, so the total cost would be:
$20.50 x 105 = $2,152.50
For orders of more than 50 sheets, the cost per sheet is $20.25, so the total cost would be:
$20.25 x 105 = $2,126.25
To determine the optimal order size, we need to calculate the economic order quantity (EOQ). The EOQ formula is:
EOQ = sqrt((2DS) / H)
Where D is the annual demand, S is the ordering cost, and H is the carrying cost as a percentage of the unit cost.
Plugging in the numbers, we get:
EOQ = sqrt((2 x 105 x $55) / 0.21 x $20.25) = 22.28
Since the EOQ is between 10 and 50 sheets, the optimal order size for Home Sweet Home Company is 22 sheets. The total cost for this order is:
$20.50 x 22 + $55 = $476
Therefore, the best strategy is to order 22 sheets, at a total cost of $476.
Know more about strategy here,
https://brainly.com/question/31930552
#SPJ11
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what is the effective annual yield (eay) on this investment?
The effective annual yield (EAY) on this investment is 6.81%. The effective annual yield is the annual interest rate or rate of return to which an investor is entitled over time.
How to calculate effective annual yield ?The annual interest rate or rate of return that an investor is entitled to over time is known as effective annual yield. Effective yield can be calculated in a variety of methods, for as by tracking bond coupon payments or calculating a percentage based on the par value of bonds.
The main distinction between APR and EAR is that the former is based on simple interest, whereas the latter considers compound interest. While EAR (or APY) is best for evaluating frequently compounding loans like credit cards, APR is most useful for evaluating mortgage and auto loans.
The computation of the effective annual yield is :
EAY = (1 + rate of interest ÷ number of compounding period)^number of compounding period - 1
Rate of interest = 6.7 %
Number of compounding period = 2
= (1 + 0.067 ÷ 2) ^2 - 1
= 6.81%
Hence, the effective annual yield (EAY) on this investment is 6.81%
To learn more about EAY refer :
https://brainly.com/question/29104627
#SPJ4
a. describe one reason why operating income is a more reliable variable to use to calculate firm value than net income
b. describe one reason why net income is a more reliable variable to use to calculate firm value than operating income.
c. what is the most reliable accounting number that we can use to calculate value ? why is it more reliable than others?
a. One reason why operating income is a more reliable variable to use to calculate firm value than net income is because it considers all operating expenses and revenues and excludes non-operating expenses and revenues.
Operating income is calculated by deducting the operating expenses from the gross income.
Operating income is a better measure of a company's profitability as it measures its core business activities, unlike net income, which includes non-operating activities like investments, sales of assets, or tax refunds.
b. Net income is a more reliable variable to use to calculate firm value than operating income because it takes into account all expenses, including operating expenses and non-operating expenses and revenues.
Net income is calculated by subtracting total expenses from total revenues. Net income is the bottom line for a company and represents the profit or loss after all expenses are accounted for, including non-operating activities.
c. Free cash flow is considered the most reliable accounting number that we can use to calculate value.
Free cash flow is the cash flow generated by a company's operations after accounting for capital expenditures, such as investments in property, plant, and equipment. Free cash flow represents the cash a company has available to distribute to shareholders, pay down debt, or reinvest in the business.
Free cash flow is more reliable than other accounting numbers because it measures the actual cash a company generates and can use for future growth opportunities.
To learn more about operating income, visit here
https://brainly.com/question/32545534
#SPJ11
Reporting Bonds
At the beginning of the current year, two bond issues (Simmons Industries 7%, 20-year bonds and Hunter Corporation 8%, 10-year bonds) were outstanding. During the year, the Simmons Industries bonds were redeemed and a significant loss on the redemption of bonds was reported on the income statement. At the end of the year, the Hunter bonds were reported as a noncurrent liability. The maturity date on the Hunter bonds was early in the following year.
The Hunter Corporation bonds outstanding at the end of the current year should be reported as a ______
on the balance sheet and the loss on redemption of the Simmons Industries bonds should be reported as an ________ in the income statement.
The Hunter Corporation bonds outstanding at the end of the current year should be reported as a noncurrent liability on the balance sheet. Noncurrent liabilities are obligations that are not expected to be settled within the next year or operating cycle. Since the maturity date of the Hunter Corporation bonds is early in the following year, they will be settled after the current year and therefore classified as a noncurrent liability.
On the other hand, the loss on redemption of the Simmons Industries bonds should be reported as an expense in the income statement. This loss represents the difference between the carrying amount of the redeemed bonds and the amount paid to redeem them. It is reported as an expense because it reflects the cost incurred by the company in settling its debt obligations.
Thus, the Hunter Corporation bonds outstanding at the end of the current year should be reported as a noncurrent liability on the balance sheet. The loss on redemption of the Simmons Industries bonds should be reported as an expense in the income statement.
Therefore, the balance sheet reflects the financial position of a company at a specific point in time, while the income statement shows the company's financial performance over a period of time. The classification of bonds and the reporting of the loss on redemption depend on their respective characteristics and transactions.
Learn more about noncurrent liability from the below link:
https://brainly.com/question/14921529
#SPJ11
if the fed conducts open-market sales, the money supply
When the Fed buys government bond from a bank, then, bank will acquires money which it can lend out, thus, leading to an increase to money supply.
The open market operations entails the purchase and sales of government bonds by the Federal Reserve (Fed).
When Fed purchases government securities on open market,, this increases the reserves of commercial banks, increases the price of government securities, reduces overall interest rates etc.Therefore, when the Fed buys the government bond from a bank, then, the bank will acquires money which it can lend out, thus, leading to an increase to money supply.
Read more about this here
brainly.com/question/2302861
NEED HELP ASAP, WILL GIVE BRAINLIEST
Variable Costs are also known as
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
8. A company with 750,000 shares outstanding that sell for $120 per share has announced a 3-for-5 reverse stock split. Assuming there are no market imperfections or tax effects, what will the stock sell for after the split?
The new stock price after the 3-for-5 reverse stock split is $200.
A reverse stock split is a reduction in the number of a company's shares outstanding that increases the par value of its stock. In a 3-for-5 reverse stock split, for every 5 shares outstanding, 3 new shares are issued. This means that the total number of shares outstanding is reduced, and the value of each share increases.
To calculate the new stock price after the reverse stock split, we can use the formula:
New stock price = (Old stock price * Old shares outstanding) / New shares outstanding
In this case, the old stock price is $120, the old shares outstanding is 750,000, and the new shares outstanding is (750,000 * 3) / 5 = 450,000.
So, the new stock price after the reverse stock split is:
New stock price = ($120 * 750,000) / 450,000 = $200
Therefore, after the 3-for-5 reverse stock split, the stock will sell for $200 per share.
Learn more about stock split here:
brainly.com/question/14247504
#SPJ11
Sly Bailey, the Trinity Mirror Chief Executive, sought to boost revenues of the Daily Mirror in 2004 by increasing the price of the tabloid newspaper by 3p, from 32p to 35p. The move is a sharp U-turn of the policy of Philip Graf, her predecessor, who tried to boost Daily Mirror circulation by cutting the cover price, triggering a price war with its rivals The Sun and the Daily Star. Ms. Bailey ended the price war as soon as she took over at Trinity Mirror in 2003. The Daily Mirror will now cost 5p more than the The Sun, which is owned by News International, parent company of the Times. It appears that The Sun has no immediate plans to increase its price. The Daily Mirror last increases its price in September 1999 but the tabloid newspaper market in the UK is fiercely competitive and it’s not clear what the effect on its circulation will be.
Question:
1. What price elasticity of demand issues are raised in this case study?
Price elasticity of demand is a measure of how responsive a change in consumption is to a specific change in a product's price. There will be less demand for the newspaper because its price increased.
How much a product's consumption alters in response to price changes is measured by price elasticity of demand. A good is perfectly elastic if its price elasticity is infinite (if demand changes substantially even with minimal price change). If price elasticity is greater than 1, the good is elastic; if it is less than 1, it is inelastic. If a good's price elasticity is zero, then no amount of price fluctuation will change demand for that good. A demand or supply curve that is inelastic will result in a lesser percentage change in quantity demanded or supplied for a given change in price.
To learn more about price elasticity refer here:
https://brainly.com/question/13565779
#SPJ4
a) U.S. bond prices are normally inversely related to U.S. inflation. If the Fed planned to use intervention to strengthen the dollar, how might bond prices be affected?
Hint: You can explain it more clearly by saying that aggregate demand fall, inflation goes down, downward pressure on interest rates.
b) Suppose a European country surprisingly votes to exit the European Union. What is the effect of this decision on the EUR/USD exchange rate? Draw a graph.
c) The U.S. government decides to increase tariffs on Mexican imports ("border-adjustment tax"). What is the effect of this new tariff on the USD/MXN exchange rate? Draw a graph
d) UAE’s economy is very dependent on oil exports. Draw a graph showing the effect on St (AED/USD) of a sudden increase in the price of oil?
The anticipation of a weaker currency can lead to forecasts of greater inflation since a weaker dollar pushes up U.S. prices for the reasons outlined in the chapter.
a) A rising economy's prices are explained by demand-pull inflation, which occurs when total demand increases and outpaces supply. Prices rise due to increased consumers demand in light of the restricted supply. While cost-push inflation and rising production costs are transferred to consumers, demand-pull inflation is in contrast.
Inflationary pressures tend to push interest rates up. Bond prices are likely to fall since interest rates and bond prices have an inverse relationship. As a result of such anticipation, bond portfolio managers liquidate part of their bond holdings, leading bond prices to fall promptly. Currency rates are influenced in part by the relative interest rates of the nations under consideration.
b) The economic implications of Brexit were a hot topic of discussion both before and after the UK's vote to join the EU. The majority of analysts predict that Brexit would hurt the UK's economy and lower real per capita income over time, and the vote itself had a negative impact on the country's economy.
c) Fluctuations in exchange rates brought on by import taxes. The cost of imported items rises as a result of tariffs. Because of this, local manufacturers are not compelled to lower their prices due to increasing competition, and as a result, domestic consumers end up paying higher prices.
d) Oil price is a key factor in determining economic activity, and unplanned shocks to oil price and oil price volatility cause considerable fluctuations in the economy. Because of the substantial increase in oil prices after 2003, the U.S. trade deficit is strongly correlated with the significant trade surpluses of nations that export oil.
If the change is below threshold levels, the impact of changes in the oil price or its volatility on economic activity is minimal. Instead, if the fluctuations are above the threshold, they have a fundamental influence on macroeconomic variables even better than the real interest rate.
Learn more about inflation at
brainly.com/question/29308595
#SPJ4
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
bill's brick company has just filed a new patent for a new machine to speed up brick production. the patent cost the company $40,000 in research and development fees throughout year 1. on july 1st, year 2, the company incurred $9,000 in legal fees and $6,000 in filing fees for the patent. upon filing the patent, bill's machine enjoys a 20 year life protected from patent infringement. using the information provided, record the journal entry for amortization expense related to the patent for year 2 (as of december 31). assume bill's brick company does not use a contra account to record amortization expense.
assume bill's brick company does not use a contra account to record amortization expense Journal entries.
Particulars Debit Credit
Amortization expense 375 375
Patent
Calculation of amortization expense for Year 2( from July 1st till 31st December)
=(9000 +6000)/20×6/12 =$375
Research and development costs are to be expensed, they are not capitalized.
In accounting, amortization is the systematic expense over the expected "useful economic lives" of intangible assets of the acquisition cost less the residual value to reflect their consumption, expiration, obsolescence, or other reduction in value due to usage or time. The process of amortization may also refer to its conclusion, as in "the tower's amortization was anticipated in 1734."
For tangible assets, depreciation is a comparable idea. The methodologies used to allocate depreciation to each accounting period are typically also used to allocate amortization. But certain intangible assets, including goodwill and specific brands, can be thought to have endless useful life and are therefore exempt from amortization.
To learn more about amortization expenses visit here:
brainly.com/question/23160357
#SPJ4
The new performance management system at the Long Island Jewish Medical Center (LIJ.M.C.) was specifically designed to address which of the following problems with traditional performance reviews? Ratings of employee traits are not effective measures of performance. Performance reviews should not include self-evaluations. Traditional performance reviews are unfair to minorities. Managers cannot complete traditional performance reviews on time. Which of the following problems might occur with the new performance appraisal system at LIJ.M.C.? Check all that apply. Patient satisfaction ratings might be influenced by something that is not related to a particular employee. Objective ratings, such as infection rates, might be influenced by something outside of the staff's control. Patients who feel they received very good or very poor care are more likely to complete surveys than other patients. The new standards are more subjective and less quantifiable than the old standards. Errors, such as stereotyping, are likely to occur when managers evaluate employees based on the specific, measurable goals they achieve. The ranking performance appraisal system tries to improve performance ratings by forcing managers to: Rate employees based on their actions, not their traits Include Information from a wide variety of sources in their reviews Rate employees based on intuition Compare employees Imagine you are the nurse manager for nurses on your floor. Ever since the new patient management system came online, productivity has been lower than expected. Under which circumstance do you decide to develop a training program for the nurses? The nurses have been spending more time communicating with patients. The nurses aren't as motivated as they were a few months ago Renovations in other areas have contributed to a temporary increase in additional daily tasks for nurses in other divisions. The nurses don't know how to enter patient data efficiently.
The new performance management system at the Long Island Jewish Medical Center (LIJ.M.C.) was specifically designed to address the problem that ratings of employee traits are not effective measures of performance.
The new system focuses on specific, measurable goals that employees should achieve.
Possible problems that might occur with the new performance appraisal system at LIJ.M.C. include: patient satisfaction ratings might be influenced by something that is not related to a particular employee; objective ratings, such as infection rates, might be influenced by something outside of the staff's control; patients who feel they received very good or very poor care are more likely to complete surveys than other patients; the new standards are more subjective and less quantifiable than the old standards; and errors, such as stereotyping, are likely to occur when managers evaluate employees based on the specific, measurable goals they achieve.
If the nurse manager for nurses on a particular floor notices that productivity has been lower than expected since the new patient management system came online, they might decide to develop a training program for the nurses if they determine that the nurses don't know how to enter patient data efficiently.
Learn more about management here:
https://brainly.com/question/29023210
#SPJ11
The new performance management system at LIJ.M.C. was specifically designed to address the problem that ratings of employee traits are not effective measures of performance.
This problem is common in traditional performance reviews, where employees are rated based on subjective criteria, such as attitude and personality, rather than objective measures of performance. The new system at LIJ.M.C. aims to focus on measurable goals and achievements, rather than traits, to provide more accurate and effective evaluations of employee performance.
However, there are potential problems that might occur with the new performance appraisal system at LIJ.M.C. For example, patient satisfaction ratings might be influenced by factors that are outside of a particular employee's control, such as the overall quality of care provided by the hospital.
Objective ratings, such as infection rates, might also be influenced by factors outside of the staff's control. Additionally, patients who feel they received very good or very poor care are more likely to complete surveys than other patients, which could skew the results of patient satisfaction surveys.
As the nurse manager for nurses on the floor, if productivity has been lower than expected since the new patient management system came online, I would consider developing a training program for the nurses. If the nurses don't know how to enter patient data efficiently, this could be a significant barrier to their productivity.
By providing training on efficient data entry and other skills, the nurses may be able to work more efficiently and effectively, ultimately improving productivity on the floor.
For more such questions on management visit:
https://brainly.com/question/1276995
#SPJ11
Your choice and suggestion are based on that fact that disability income insurance provides funds when income is lost due to illness or injury. If you become disabled after you retire you ....... lose your pension, Social Security, or IRA income. If your friend becomes disabled, the small IRA is ....... to be sufficient to provide for basic necessities. Additional income......... be necessary to pay the simplest expenses.
If you become disabled after you retire, you may lose your pension, Social Security, or IRA income.
Disability income insurance is designed to provide funds when income is lost due to illness or injury. It typically covers a portion of your pre-disability income during the time you are unable to work. However, disability income insurance does not cover income that you receive from pensions, Social Security, or Individual Retirement Accounts (IRAs).
Once you retire, your income generally comes from sources such as pension payments, Social Security benefits, or withdrawals from your IRA. If you become disabled after retirement, these sources of income may not be affected by disability income insurance. They would continue to provide income according to the terms and conditions of each specific retirement program.
On the other hand, if your friend becomes disabled and relies on a small IRA for income, it may not be sufficient to provide for basic necessities. An IRA is an individual retirement account that individuals contribute to during their working years to save for retirement. The size of the IRA and the amount of income it generates would depend on factors such as the amount of contributions made, investment returns, and any withdrawals or distributions taken.
If the IRA is small, it may not generate enough income to cover basic living expenses in the event of a disability. In such a case, additional income sources would be necessary to pay for even the simplest expenses.
In summary, disability income insurance does not typically cover income received from pensions, Social Security, or IRAs. If you become disabled after retirement, you may lose the income from these sources. If someone relies on a small IRA for income and becomes disabled, it may not be sufficient to meet basic necessities, and additional income sources would be necessary to cover expenses.
To know more about Social Security, visit :
https://brainly.com/question/32221263
#SPJ11
Sheffield Company’s standard materials cost per unit of output is $8.20 (2.00 pounds x $4.10). During July, the company purchases and uses 2,700 pounds of materials costing $14,580 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances.
The total materials variance for Sheffield Company in July was $2,280 unfavorable, comprising a price variance of $3,780 unfavorable and a quantity variance of $1,500 favorable.
Sheffield Company experienced materials variances in July. The standard materials cost per unit of output is $8.20, calculated as 2.00 pounds multiplied by $4.10. During the month, the company purchased and utilized 2,700 pounds of materials, costing $14,580, to produce 1,500 units of finished products.
The total materials variance can be calculated by comparing the actual cost of materials used to the standard cost. In this case, the actual cost of materials is $14,580, while the standard cost should have been $12,300 (1,500 units x $8.20). The total materials variance is $2,280 unfavorable.
To break down the variance further, the price variance measures the difference between the actual price paid for materials and the standard price. The actual price is $14,580, while the standard price would have been $10,800 (2,700 pounds x $4.10). Therefore, the price variance is $3,780 unfavorable.
The quantity variance, on the other hand, assesses the difference between the actual quantity of materials used and the standard quantity. The actual quantity used is 2,700 pounds, while the standard quantity should have been 3,000 pounds (1,500 units x 2.00 pounds). Hence, the quantity variance is $1,500 favorable.
For more information on visit: brainly.com/question/14976139
#SPJ11
Flextrola, Inc. , an electronics systems integrator, is planning to sell its next generation product using components sourced from its supplier. Flextrola will integrate the component with some software and then sell it to consumers. Given the short life cycles of such products and the long lead times quoted by its supplier, Flextrola only has one opportunity to place an order prior to the beginning of its "selling season. " Assume that Flextrola’s demand during the season is normally distributed with a mean of 1000 and a standard deviation of 600. (A normal table is provided at the end of this exam for your convenience. )
Solectrics’ production cost for the component is $52 per unit and it plans to sell the component for $72 per unit to Flextrola. Flextrola incurs essentially no cost associated with the software integration and handling of each unit. Flextrola sells these units to consumers for $121 each. Flextrola can sell unsold inventory at the end of the season in a secondary electronics market for $50 each. The existing contract specifies that once Flextrola places the order, no changes are allowed to it. Also, Solectrics does not accept any returns of unsold inventory, so Flextrola must dispose of excess inventory in the secondary market.
Required:
a. What is the probability that Flextrola’s demand will be within 25 percent of its forecast?
b. What is the probability that Flextrola’s demand will be more than 40 percent greater than its forecast?
c. Under this contract, how many units should Flextrola order to maximize its expected profit?
d. What are Flextrola’s expected sales?
e. How many units of inventory can Flextrola expect to sell in the secondary electronics market?
With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.
a. Mean = 1000
sd = 600
p(1000x 1-25%) - p(1000x 1+25%)
using the z test
d-μ/σ
\(p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)\)
find values using excel sheet formula
NORMSDIST(0.4167) - NORMSDIST(-0.4167)
=m0.6615 - 0.3385
= 0.3230
b. The probability that the forecast would be more than 40 percent1000x 1+40%
= p(D>1400)
= 1- NormDist(0.667)
= 0.225
c. Cu = 121-72 = 49
Co = 72.50 = 22
The critical ratio calculation
49/22 +49 = 0.6901
Normsinv(0.6901) = 0.496
1000+0.496x600
= 1297
The units that Flextrola has to order is 1297.
d. The expected sales of Flextrola1200-1000/600
= 0.3333
loss function from z = 0.333 is 0.254
600x0.254 = 152. 4
1000-152.4 = 847.6
the expected sales are 847.6
e 1200- 847.6
= 352. 4
The units of inventory that can be sold is 352.4
Read more on inventory here: https://brainly.com/question/24868116
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
Learn more about Pricing:
https://brainly.com/question/14595156
#SPJ1
Suppose an establishment has absolutely no overt history of employment discrimination but has a goal of reducing race or gender gaps in its employment. What are the legal means by which it may reduce that gap?
the legal means an establishment can use to reduce race or gender gaps in its employment, even if it has no overt history of employment discrimination.
an establishment can implement several legal strategies to promote diversity and inclusion. These strategies include:
1. Developing a clear diversity and inclusion policy: This policy should outline the establishment's commitment to diversity, equal opportunity, and fair treatment for all employees, regardless of race or gender.
2. Implementing inclusive hiring practices: This may involve advertising job openings in diverse media outlets, using blind recruitment techniques to eliminate potential biases, and training hiring managers on diversity and unconscious bias.
3. Offering training and development programs: Providing workshops on diversity, inclusion, and unconscious bias can help educate employees on the importance of fostering a diverse and inclusive workplace.
4. Promoting mentorship and sponsorship programs: Establishing mentorship and sponsorship programs can support underrepresented employees in their professional growth and development.
5. Ensuring equal pay for equal work: Regularly auditing salary data and adjusting compensation disparities can help eliminate race or gender pay gaps.
to know about discrimination visit:
https://brainly.com/question/31315605
#SPJ11
What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
Watson Company produces kitchen cabinets for homebuilders across the United States. The following information relates to current production: Sales price per unit $200 Variable costs per unit: COGS $170 Selling and administrative $5 Total fixed costs: COGS $400,000 Selling and administrative $125,000 The company has been approached with a special order for 1,000 cabinets at a sales price of $165 per unit. Fixed costs would remain unchanged. What is the financial advantage (disadvantage) of accepting the order
If Watson Company accepts the special order for 1,000 cabinets at a sales price of $165 per unit, the company's total revenue would be $165,000 (1,000 units x $165 per unit).
However, the total variable costs would be $175,000 (1,000 units x $170 COGS per unit + $5 selling and administrative per unit). This means that the company would incur a loss of $10,000 ($165,000 - $175,000) on the special order.
Since fixed costs would remain unchanged, they would still be $525,000 ($400,000 COGS + $125,000 selling and administrative). Therefore, accepting the special order would not provide any financial advantage to the company and would actually result in a $10,000 loss. In this case, it would be best for the company to decline the special order and focus on regular production where the sales price per unit is higher than the variable cost per unit, and the fixed costs can be spread out over a larger number of units.
To know more about revenue, visit:
https://brainly.com/question/27325673
#SPJ11
a printed pamphelt that describes goods for sale is called a?
Answer:
The term "marketing brochure" refers to a small document, or pamphlet, which describes and promotes various products or services to be marketed.
what do you understand by attributes in HTML?
this question is of computer.
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
Learn more about deprecating a product here:
https://brainly.com/question/4591900
#SPJ2
Ken is trying to promote his new, self-published financial guidebook. By directly promoting it to readers in Wall Street Journal, he is using a push strategy. true or false?
False. By directly promoting his new, self-published financial guidebook to readers in the Wall Street Journal, Ken is using a pull strategy, not a push strategy.
In marketing, a push strategy involves pushing a product or service directly to the end consumer through various promotional activities. It focuses on creating demand by persuading consumers to purchase the product. Examples of push strategies include personal selling, trade promotions, and direct marketing.
On the other hand, a pull strategy aims to create demand by generating interest and awareness among consumers, pulling them towards the product. This strategy involves creating a strong brand image, using advertising, public relations, and other forms of communication to attract consumers and encourage them to seek out the product. It relies on creating consumer demand and influencing their purchasing decisions.
In Ken's case, promoting his financial guidebook directly to readers in the Wall Street Journal aligns with a pull strategy. He is targeting a specific audience known for their interest in financial topics and aims to generate interest and awareness among them, prompting them to seek out and purchase his book.
Learn more about guidebook at: brainly.com/question/2398289
#SPJ11