when deciding how to dress for an interview; avoid loud colors strive for a coordinated neutral appearance. when deciding how to dress for an interview, avoid loud colors strive for a coordinated neutral appearance. when deciding how to dress for an interview, avoid loud colors; strive for a coordinated, neutral appearance.

Answers

Answer 1

When dressing for an interview, it is suggested to avoid loud colors and  strive for a coordinated neutral appearance. This statement reflects a true statement.

Dressing for job interviews is considered to be important in order to make a good impression at first. Different sort of industries have different expectations about how candidates coming for the job interview should dress. The appropriate dressing code varies greatly based on the location, industry, and company.

Regardless of these dependencies, it is prevalent in all types of companies and industries that candidates coming for interviews should wear a dress with neutral colors and avoid wearing loud or flashy colors for the job interview.

"

Complete question is:

When deciding how to dress for an interview; avoid loud colors and strive for a coordinated neutral appearance.

True

False

"

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Related Questions

A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at $1,250 per month for the next three years and then $500 per month for two years after that. If the bank is charging customers 12 percent APR, how much would it be willing to lend the business owner

Answers

Answer:

$45,195

Explanation:

we need to calculate the present value of the annuities:

first we must determine the PV (in 3 years) of the 24 $500 payments:

PV = payment x annuity factor (PV annuity, 1%, 24 periods) = $500 x 21.243 = $10,621.50

now we need to calculate the PV of $10,621.50:

PV = $10,621.50 / (1 + 12%)³ = $7560.17

finally we must calculate the PV of the 36 initial $1,250 payments:

PV = payment x annuity factor (PV annuity, 1%, 36 periods) = $1,250 x 30.108 = $37,635

The bank should lend her $7,560 + $37,635 = $45,195

Since the bank is charging the customers 12% APR, then, the amount its would it be willing to lend her is $45,195.

Firstly, we need to calculate the present value of the annuities:

Present Value (in 3 years) of the 24 periods $500 payments:

Present value = Payment * Annuity factor (PV annuity, 1%, 24 periods)

Present value = $500 * 21.243

Present value = $10,621.50

Secondly, we need to calculate the Present Value of $10,621.50:

Present Value = $10,621.50 / (1 + 12%)³

Present Value= $7560.17

Now, we will calculate the Present value of the 36 period initial $1,250 payments:

Present value = Payment * Annuity factor (PV annuity, 1%, 36 periods)

Present value = $1,250 * 30.108

Present value = $37,635

Hence, the bank will lend her $45,195 ($7,560 + $37,635).

In conclusion, since the bank is charging the customers 12% APR, then, the amount its would it be willing to lend her is $45,195.

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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.

A) Advantage of a sole proprietorship

B)Disadvantage of a sole proprietorship

Answers

Some of the advantages and disadvantages of sole proprietorship include:

Advantage  -  keep all the profits Disadvantage - personally liable for any debts

What are the advantages and disadvantages of sole proprietorship?

One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.

One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.

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What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not

Answers

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

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

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

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When I buy a $12.00 movie ticket rather than two paperback books, the
opportunity cost of going to the movie is the two paperback books I did
not buy.
True or false?

Answers

true because it is true

Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of materials required in the process is 7,500 pounds, which cost $6.00 per pound. Columbian coffee can be sold without further processing for $9.80 per pound. Columbian coffee can also be processed further to yield Decaf Columbian, which can be sold for $11.60 per pound. The processing into Decaf Columbian requires additional processing costs of $6,300 per batch. The additional processing will also cause a 5% loss of product due to evaporation.

Question Content Area
a. Prepare a differential analysis dated December 11 on whether to sell regular Columbian (Alternative 1) or process further into Decaf Columbian (Alternative 2). If required, use a minus sign to indicate a loss.

Answers

The differential analysis is attached accordingly. The workings are indicated below.

What is differential analysis?

Differential analysis is a decision-making approach that analyzes the net effects of two alternatives by examining the advantages and costs associated with each. The option chosen has the greatest advantageous (or least adverse) financial impact.

To arrive at the figures in the differential analysis first we derive the Revenue from selling regular Columbian:

Recall that:

Revenue = Sales x Quanity Manufactured; hence

9.8 x 7500

= $73,500

Revenue from Decan Columbian:

11.6 x (95% x 7500)

= 11.6 x 7125

= $82, 650

Cost of selling regular Columbian

Cost = Cost x Units produced

= 6 x 7500

= $45,000

Compute the cost of selling Decaf Columbian

In this case, Cost = Product Cost + Cost of processing

= 45,000 + 6300

= $51,300

Hence the figures indicated in the differential analysis.

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Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of

Metric
Month 1
Month 2
Month 3
% Customer Questions
+896
+10%
+1296
% Shipped On Time
- 10%
-796
-5%
% Shipped Incorrectly
+2%
+4%
+496
% Discounted
+18%
+18%
+1496
Units Shipped (Thousands)
SO
85
100
Question 2 of 4
How impactful were product discounts on
customer questions?
Not
impactful
Extremely
impactful

MetricMonth 1Month 2Month 3% Customer Questions+896+10%+1296% Shipped On Time- 10%-796-5%% Shipped Incorrectly+2%+4%+496%

Answers

Based on the changes in customer changes and the changes in discounts, customer questions were Not impactful on customer questions.

Relationship between Customer questions and discounts.When the discounts were maintained at 18%, customer questions still grew by 2% to 10%. When discounts dropped to 14%, customer questions still increased by its normal rate of 2% to 12%.

In conclusion, we can say that discounts were not impactful on customer questions because customer questions did not change in relation to changes in discount.

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What is a key feature of mixed reality?

Answers

Answer/Explanation:

What is a key feature of Mixed Reality?

The content detects and interacts with the environment.

It has a headset that completely replaces the real-world view.

The content is always visible to the user view.

It has an interactive visor that only shows 2D information.

Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc

Answers

Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.

What is Accounting?

Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.

A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.

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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?

a. Rescission O b. Specific Performance O c. Reformation O d. Injunction

ABC Limited entered into a contract with XYZ (Pty) Ltd for the supply of electricity to the plant of XYZ situated in Walvis Bay Namibia. The contract will come into effect on the 01 June 2020 for a period of 3 years. ABC Limited is expected per the contract to provide the electrical transformer to XYZ, as well as two electrical engineers will be sourced out to XYZ for the maintenance of the electricity supply to XYZ’s plant. ABC Limited usually sells transformers at the price of NAD 1,500,000.00; however, they will be providing the transformer to XYZ Limited free as part of the contract. ABC Limited only source out their engineers to their clients that have entered into the electricity supply contract with them. The contract stipulated the prices to XYZ as below: Monthly electricity cost NAD 175,000.00 Engineers support monthly cost NAD 120,000 XYZ may use electricity to no limit. The monthly electricity cost is at a fixed monthly rate. The appropriate nominal interest rate applicable to the internet service provision contracts is 10% per annum, compounded monthly. It remains fixed for the full period of the contract.

REQUIRED

a) Provide the journal entries to account for the contract with XYZ (Pty) Ltd in the records of ABC Limited for the year ended 31 December 2020. Journal entries are to be provided on each relevant date (do not accumulate amounts for the year).​

Answers

Answer:

HOPE IT'S HELP YOU

Explanation:

I'M SORRY IF THE PICTURE IS SO BLURRY.

ABC Limited entered into a contract with XYZ (Pty) Ltd for the supply of electricity to the plant of

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today

Answers

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

FV = Future value = $5,400

P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)

Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help

Answers

Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.

The three lease options available to Beverly Mills are as follows:

Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile

Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile

Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile

Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

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The TQM has gone through five stages in its evolution. Discuss the evolution and stages of Total Quality management process

Answers

The stages of the Total Quality Management are:

1. Commitment and understanding from employees:

All the employees that work in the organization are supposed to  have an understanding of the TQM policies that makes them a part of the company. They should know the goals and they should be willing to work towards the success of the business.

2. Quality improvement in culture:

The culture in the organization should be a modern one in the sense that it would encourage feedback from the employees. The employees should be listened to and their ideas should be bought.

3. Continuous Improvement:

The TQM is continuous , there has to be continuous and constant improvement in policies and procedures at the management level. Research is also very important

4. Customer requirement:

The customers always require top notch service from the business. It is very important to focus on the needs of the customers. Good customer relationship is needed for survival.

5. Effective control:

There should be evaluations of the business to check performance and also to document progress.

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What is a personal income tax

Answers

Answer:

Personal income tax is generally computed as the product of a tax rate times taxable income

Explanation:

Answer:

a personal income tax is a tax imposed on individuals or entities that varies with respective income or profits .

Explanation:

Income that people get from wage or salaries, your social security and other governmental benefits.

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.00 dividend every year, in perpetuity.


If this issue currently sells for $80.60 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

If this issue currently sells for $80.60 per share, 7.44% is the required return.

What does the mandatory return mean?

The required rate of return (RRR) is the minimal profit (return) an investor will seek or receive in exchange for taking on the risk of investing in a stock or other type of security. RRR is also used to determine a project's potential profitability in relation to its funding costs.

A good necessary return is what?

For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average.

Dividends paid annually divided by the selling price per share gives us the required return. If this issue currently sells for $80.60 per share,

Then,

= Dividend per year/price of the preferred stock

= 6/80.60

= 7.44%

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external factors that can affect reatail industry

Answers

An external factors that can affect retail industry are Competition. Politics. Economic Status. Trends. Technology. Adapting to Changes. Political Climate.

What do you mean by the retail industry?

All businesses that offer products and services to consumers are considered to be in the retail sector. Various retail sales and store types can be found all throughout the world, including grocery, convenience, discount, independent, department, DIY, electrical, and specialty shops.

Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success.

The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail.

Therefore, an external factors that can affect retail industry are Competition. Politics. Economic Status. Trends. Technology. Adapting to Changes. Political Climate.

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¿Name three types of Insurance.?

Answers

Three types of insurance are health insurance, life insurance, and auto insurance.

Insurance is a contract between the insurance provider and the policyholder in which the provider agrees to pay the policyholder a specific amount of money in exchange for the premium paid by the policyholder. Insurance is one of the most critical financial investments a person can make. It's crucial to consider the numerous sorts of insurance available to determine the best fit for your requirements.

Health Insurance: It is an agreement between the insurer and the policyholder that covers the medical expenses of the policyholder. Health insurance covers medical expenses such as hospitalization costs, lab tests, doctor visits, and prescription medications. Health insurance can be purchased by an individual or through an employer-sponsored plan.

Life Insurance: It is an insurance policy that pays out a death benefit to the policyholder's beneficiaries upon the policyholder's death. Life insurance can be permanent or term. Permanent life insurance is lifelong coverage, while term life insurance provides coverage for a set period.

Auto Insurance: It is a contract between the insurer and the policyholder that covers any damage caused to the policyholder's vehicle, as well as any other party's vehicle involved in the accident. Auto insurance policies also cover medical expenses and lost wages that result from a car accident. Auto insurance is mandatory in many states, and premiums are typically determined by the policyholder's age, driving history, and vehicle type.

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The role of a non-executive director​

Answers

Answer:

Essentially the non-executive director's (NED) role is to provide a creative contribution to the board by providing independent oversight and constructive challenge to the executive directors. ... Clearly, it is appreciated that NEDs cannot give the same continuous attention to the business of the company.

What are the top 5 mortgage brokers in Sydney?

Answers

Here are some top mortgage brokers in Sydney: Aussie Home Loans, Mortgage Choice, Smartline Personal Mortgage Advisers, Loan Market, and Mortgage House.

1. Aussie Home Loans: With over 25 years of experience in the industry, Aussie Home Loans has established itself as one of the most trusted and reliable mortgage brokers in Sydney. They have a team of expert brokers who can help you find the right home loan that suits your needs.2. Mortgage Choice: Mortgage Choice is another popular mortgage broker in Sydney that can help you find the right home loan to suit your budget and requirements. They have access to a wide range of lenders, which means they can help you find the best deal available.3. Smartline Personal Mortgage Advisers: Smartline is a leading mortgage broker in Sydney that provides personalized advice and support to help you find the right home loan. They have a team of experienced brokers who can guide you through the home loan process from start to finish.4. Loan Market: Loan Market is another popular mortgage broker in Sydney that provides a range of home loan options to suit your needs. They have a team of brokers who can help you find the best deal available from a range of lenders.5. Mortgage House: Mortgage House is a Sydney-based mortgage broker that can help you find the right home loan to suit your budget and requirements. They offer a range of home loan options, including fixed and variable rate loans, low deposit loans, and more.In summary, these are some of the best mortgage brokers in Sydney that you can consider for your mortgage needs. When choosing a mortgage broker, it's important to consider their experience, reputation, and range of services offered to ensure that you get the best deal possible.

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Project task E has the following estimates: (1) optimistic time – 10 days, (2) Pessimistic time - 20 days, and (3) Most likely time – 12 Days. The standard deviation for time using the beta statistical distribution is ________ days.

Answers

Answer:

13 days

Explanation:

Calculation for the standard deviation for time using the beta statistical distribution

Expected time = [10 days + (4 * 12 days) + 20 days) / 6]

Expected time = [10 days + 48 days + 20 days) / 6]

Expected time=78 days/6

Expected time=13 days

Therefore the standard deviation for time using the beta statistical distribution is 13 days.

The monetary value of what a firm received for goods sold, services rendered, and other payments is termed
?

The answer is: Revenue or Revenies

Answers

Answer:

Revenue

Explanation:

The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.

Hope this helps.

If a fully amortizing 30-year fixed rate mortgage was originally taken at $200,000 with 5.25 percent interest, but now has a balance of $50,385, how many more monthly payments will it take before it will be paid off

Answers

Based on the question above, the correct answer goes thus:

The monthly payments will take 10 more months before it will be paid off

Mortgage Terms

A mortgage is simply a particular type of term loan—one secured by real property. For a term loan, the borrower pays interest calculated on an annual basis against the outstanding balance of the loan. Both the interest rate and monthly payment are fixed.

In conclusion, we can conclude that the correct answer is 10 months.

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Who first discovered America?

Answers

Answer:Christopher Columbus is credited with discovering the Americas in 1492.

Explanation:

Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ

Who first discovered America?

Answer:

Answer:Christopher Columbus is credited with discovering the Americas in 1492.

Explanation:

On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $559,946 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3.8 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability.
2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2021?
3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2021?
(For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.)
1. Present value
2. Pretax amount for liability Pretax amount for right-of-use asset
3. Pretax amount for interest expense Pretax amount for amortization expense

Answers

Answer:

1. $3,800,001

2. Pretax amount of liability $2,842,112

Pre tax amount of right to use asset $3,325,000

3. Pre tax amount of interest expense $162,003

Pre tax amount of amortization expenses $475,000

Explanation:

1. Calculation for the Present value

Using this formula

PV of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 8 periods at 5%

Where,

Semiannual lease payment = $559,946

Total semiannual payments = 4*2 = 8

Incremental borrowing rate = 10%, 5% semiannual

Let plug in the formula

PV of minimum lease payments used to record right to use assets= $559,946 * 6.78637

PV of minimum lease payments used to record right to use assets= $3,800,001

Therefore the Present value will be $3,800,001

2. Calculation for the Pretax amount for liability and Pretax amount for right-of-use asset

Calculation for Pretax amount of liability

First step is to calculate the Pretax amount of liability on 30.06.2021

Pretax amount of liability on 30.06.2021 = ($3,800,001 - $559,946)

Pretax amount of liability on 30.06.2021= $3,240,055

Second step is to calculate the Interest expense for 31.12.2021

Interest expense for 31.12.2021 = $3,240,055 * 5%

Interest expense for 31.12.2021= $162,003

Now let calculate the Pre tax amount for liability December 31, 2021

Pre tax amount for liability December 31, 2021 = $3,240,055 + $162,003 - $559,946

Pre tax amount for liability December 31, 2021= $2,842,112

Therefore The Pre tax amount for liability December 31, 2021 will be $2,842,112

Calculation for Pre tax amount of right to use asset

First step is to calculate the Depreciation on right to use assets for 2021

Depreciation on right to use assets for 2021 = $3,800,000 / 4 * 6/12

Depreciation on right to use assets for 2021 = $475,000

Now let calculate the Pre tax amount of right to use asset to be reported for 2021

Pre tax amount of right to use asset to be reported for 2021 = $3,800,000 - $475,000

Pre tax amount of right to use asset to be reported for 2021 = $3,325,000

Therefore Pre tax amount of right to use asset to be reported for 2021 will be $3,325,000

3. Calculation for Pretax amount for interest expense Pretax amount for amortization expense

Calculation for Pretax amount for interest expense

Pre tax amount of interest expense = $3,240,054 * 5%

Pre tax amount of interest expense= $162,003

Therefore the Pre tax amount of interest expense will be $162,003

Calculation for Pre tax amount of amortization expenses

Pre tax amount of amortization expenses = $3,800,000 / 4 * 6/12

Pre tax amount of amortization expenses = $475,000

Therefore The Pre tax amount of amortization expenses will be $475,000

kingbird company provides the following information about its defined benefit pension plan for the year 2017. service cost $90,600 contribution to the plan 103,900 prior service cost amortization 10,100 actual and expected return on plan assets 63,100 benefits paid 39,600 plan assets at january 1, 2017 644,100 projected benefit obligation at january 1, 2017 710,600 accumulated oci (psc) at january 1, 2017 149,400 interest/discount (settlement) rate 9 %

Answers

The following details about Ivanhoe Company's 2017 defined benefit pension plan are provided. Cost of services: $89,400. 104,800 was contributed to the plan.

Term Projected Benefit Obligation Planned Asset. Opening Balance (697 700) 627 300. Services Charges (89,400). Finance Charges (6, Actual Returns 64,400. Contributions totaling 104 800. 40,800 in benefits were paid (40,800). Service costs at the end of December were $89,400 for a balance of 753,277 and 755,700. 104,800 was contributed to the plan. Amortization of prior service costs: 9,700 Return on plan assets, actual and anticipated, 64,400. 40,800 benefits were paid. On January 1, 2017, the plan has 627,300 assets. As of January 1, 2017, the accumulated OCI (PSC) was 149,700 Interest/discount (settlement). Items Pension Expense Cash. Gain/Loss PSC. pension liability and asset. Cost of Service: 89,400. Costs of Interest: 6,977. Past Service Costs 149,700 Actual Profits (64,400). Contributions (104,800). Benefit obligation estimated as of January 1, 2017 697,700.

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Think of a specific insight or idea from a field other than business and discuss how this idea or insight could help you as an entrepreneur

Answers

Explanation:

https://www.entrepreneur.com › ...

Web results

How to Research Your Business Idea - Entrepreneur.com

Question 6
(6 Marks)
Entity Z is trying to obtain a cost estimate for the costs of repairs. The following monthly repair costs
have been recorded for the past six months.
Plack Company is a manufacturing company that makes and sells a single product. The following
information relates to the company's manufacturing operations in the next financial year.
->
Opening and closing stock:
Production:-
Sales:
Fixed production overheads:
Fixed sales overheads:
Nil
18,000 units-unit manufactured 3000
15,000 units Units sold,
Closing
Inver
R72,000
Using absorption costing, the company has calculated that the budgeted profit for the year will be
R43,000.
>
Marginal Absorption
Required:
What would be the budgeted profit if marginal costing is used, instead of absorption costing?

Answers

The budgeted profit using marginal costing would be -R12,000.

How to calculate the cost

Using the information provided:

Opening stock = 0

Production = 18,000 units

Closing stock = 0

Fixed production overheads = R72,000

Total variable manufacturing costs = 0 + 18,000 - 0 - R72,000 = -54,000 (negative value due to fixed production overheads)

Total variable production cost per unit = -54,000 / 18,000 = -3 (negative value due to fixed production overheads)

Budgeted profit using marginal costing = (Sales - Total variable production cost per unit * Units sold) - Fixed sales overheads

Given:

Sales = 15,000 units

Fixed sales overheads = R72,000

Total variable production cost per unit = -3

Budgeted profit using marginal costing = (15,000 - (-3) * 15,000) - 72,000

= (15,000 + 45,000) - 72,000

= 60,000 - 72,000

= -12,000

Therefore, the budgeted profit using marginal costing would be -R12,000.

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Which of the following statements is true of the corporate strategy of an organization

Answers

Answer:

I need the choices to choose from.

Explanation:

Unscramble the vocabulary word from Chapter 18: trocalleal

Answers

the word is collateral

Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer price is $500, and the gross profit rate is 25%. The corporation also sells the employee a service contract for $120. The regular customer price for the contract is $150. How much must the employee include in income from both these transactions in total

Answers

Answer:

$75

Explanation:

Calculation to determine How much must the employee include in income from both these transactions in total

Customer price for property $500

Less: Gross profit (25%*$500) ($125)

($500-$125=$375)

Employee price ($300)

INCOME $75

($375-$300)

Customer price for service $150

Less: (20%*$150)max exclusion (30)

($150-$30=$120)

Employee price 120

INCOME 0

($120-$120=$0)

Therefore the amount that the employee must include in income from both these transactions in total is $75

James was transferred by his company to go work in Hong Kong for six months. His headquarters in Dallas, Texas, assured him that he would be back home in six months after he had completed setting up the new office in Hong Kong, and trained his replacement. Though initially reluctant, he spoke to his wife and they together decided that this was a great career opportunity, and would also serve as a second honeymoon, since they had been married for just six months. Roughly five months into his stay in Hong Kong, James received a request from his boss at the head office, urging him to extend his stay by another six months, since the company had decided to expand their operations in Hong Kong, and they felt that he was most suited for the task. James agreed readily, since he and his wife had begun to make friends there, and did not want to get uprooted too soon. Over the next six months, James worked very diligently, especially since he wanted to make sure he left the operations in very good shape for his replacement. Much to his surprise, at the end of the year, he received another request from HQ to extend his stay by another year. By the end of two years, James was starting to get a little homesick, and irritated at the repeated requests for him to extend his stay. He was really ready to head back, but he had done such a good job in HK, that the Divisional Vice-President flew down to Hong Kong and convinced him to move to Mumbai, India, for another two years. James and Anne had started to enjoy living in Asia, so they agreed somewhat reluctantly, since the move to India also came with a hefty pay increase and numerous benefits. Fifteen years, five Asian countries, and three kids later, James and Anne decided it was time to head back home – primarily because they wanted their children to experience living in their ‘home’ country. He wrote back to head office requesting a transfer back to Dallas, but all his requests were met with silence, or the cursory ‘we will get back to you.’ On further inquiry, he discovered d that all the people involved in his transfer decision had transferred themselves or had left the company. The new people were not sure how to handle James’ request, and so they simply ignored his request, or tried to buy time. As a result, his performance started to suffer, and he began to wonder if he should simply quit and join a competitor in Mumbai, or go back home and force the top management team to address his situation.

Case Study Questions

In your opinion, how common is James’ situation? How should the company have handled the initial promise to bring him back home after a specified period of time?

If James does leave the company and join a competitor, who should be held responsible for the loss of ‘intellectual capital?’

If you were James, how would you handle this situation?

Answers

In this case, I would consider the situation that James faces here to be a very common situation between bosses and their employees.

1. How the company should have handled the situation

The issue that James faces with the company is a common situation that workers face in the hands of their bosses. They are transferred from place to place and in a bid to keep their jobs, they go without complaints. The company should have been able to keep to its initial agreement with him. But we can see that not properly addressing his concerns would make them lose him. The company should have made open their demands to him in the first place.

2. In this case, the company has to be held responsible if James decides to leave. This is because they have not tried to keep to their word and they have not tried in any way to do things that would pacify James either. His requests are not taken seriously.

3. Due to the fact that I take integrity and words seriously, I would leave the company to a competitor because I would find it difficult to continue working in an environment were I have to give my all and still be unheard.

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