"Which of the following statements is true of self-designing teams?" the answer is they control work tasks and team membership.
The extra power to change the composition of the team is granted to the self-designing team. This kind of team has the authority to dismiss a member, determine whether to add or subtract another member, and so on. They supervise and oversee all significant activities directly involved in the creation of a good or service without first obtaining management permission.
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What is good example of active listening?
Answer:
looking directly at the person or thing and paying attention .
Explanation:
my best answer .
Answer:
- Building trust and establishing rapport.
- Demonstrating concern.
- Paraphrasing to show understanding.
- Using nonverbal cues which show understanding such as nodding, eye contact, and leaning forward.
- Brief verbal affirmations like “I see,” “I know,” “Sure,” “Thank you,” or “I understand”
Explanation:
All of these i just typed could really help u with your question ! <3
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The governance mechanism MOST closely connected with deterring unethical behaviors by holding top management accountable for the corporate culture is:
When top management need to be held accountable for unethical behavior, the best way is to use a Board of Directors.
What does a Board of Directors do?
These are the representatives of the shareholders in the leadership of the company.
They are the highest authority in the company and the policies they implement are meant to hold top management accountable for unethical behavior that might threaten the shareholders.
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fill in the blank. under a managed float exchange rate system, the fed may attempt to stimulate the u.s. economy by___the dollar. such an adjustment in the dollar's value should the u.s. demand for products produced by major foreign countries.
Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by adjusting the dollar's value. Such an adjustment in the dollar's value should increase the U.S. demand for products produced by major foreign countries.
A managed float exchange rate system is an exchange rate system in which the currency exchange rate is allowed to float but is monitored and adjusted as necessary by central banks. It is a flexible exchange rate system that is managed and supervised by a central bank or government.The U.S. economy can be stimulated by the Fed in a managed float exchange rate system by adjusting the dollar's value. The Fed may attempt to increase or decrease the value of the dollar in order to affect the balance of trade, domestic production, and other factors that influence the U.S. economy.Adjusting the value of the dollar could increase the demand for products produced by major foreign countries. When the dollar is worth more, it is more expensive for foreign countries to buy U.S. products, and it is less expensive for the U.S. to buy products from other countries. When the dollar is worth less, it is less expensive for foreign countries to buy U.S. products, and it is more expensive for the U.S. to buy products from other countries.Learn more about U.S. economy: https://brainly.com/question/1106682
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with an inverse demand p(q) = 10-4q. Use the Lernex index to
find the profit-maximizing price.
The profit-maximizing price, using the Lerner index, for the given inverse demand function p(q) = 10 - 4q is 5.
To find the profit-maximizing price, we first need to calculate the elasticity of demand. The elasticity of demand measures how responsive the quantity demanded is to changes in price. In this case, we are given an inverse demand function p(q) = 10 - 4q, where p represents price and q represents quantity. To calculate the elasticity of demand (ε), we differentiate the inverse demand function with respect to q and then multiply it by q/p.
After differentiating the inverse demand function, we obtain dp/dq = -4. Now, we can calculate the elasticity of demand by multiplying dp/dq by q/p.
Let's substitute the values into the equation:
ε = (dp/dq) * (q/p) = (-4) * (q / (10 - 4q)).
To find the profit-maximizing price, we need to set the elasticity of demand equal to -1, which means that a 1% increase in price leads to a 1% decrease in quantity demanded.
Setting the equation equal to -1, we have -4 * (q / (10 - 4q)) = -1.
By solving this equation, we find that q = 1.25.
Substituting q back into the inverse demand function, we get p(1.25) = 5. Therefore, the profit-maximizing price is 5.
In conclusion, using the Lerner index, the profit-maximizing price for the given inverse demand function is 5.
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Which is not considered a risk management responsibility of the venue manager as they seek to minimize the risks in the event environment of their venue
The merchandise copyright insurance is a policy that will not be considered as a risk management responsibility of the venue manager.
What is a venue manager?These are manager that basically oversee the activities, employees and business associated with a concert facility.
The event certificate of insurance, proper contract administration, and Emergency and crisis management planning will be considered as a risk management responsibility when they seek to minimize the risks in the event environment of their venue.
Therefore, the Option C is correct.
Missing options "Event certificate of insurance, Proper contract administration, Merchandise copyright insurance, Emergency and crisis management planning"
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What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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what does it mean when the feds lower interest rates
Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.
Pretend your homeowners policy has a premium of $150, a deductible of $5,000, and a limit of $300,000. Your home suffers $170,000 in damages. How much will you pay for the damages?
you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
Why it is?
In this scenario, because the damage of $170,000 is less than the policy limit of $300,000, the insurance will cover the damages.
However, the deductible of $5,000 will be subtracted from the amount of the damages covered.
Therefore, the amount that you will pay for the damages will be the deductible of $5,000.
The insurance will cover the remaining amount of the damages, which is $170,000 minus the deductible of $5,000, or $165,000. So, you will pay $5,000 for the damages, and the insurance will cover the remaining $165,000.
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If you paid off a loan by making $ 250 payments monthly for 7 years, and the APR was 6.64 % , then how much was the initial loan amount?
The initial loan amount was $15,091.43.
To calculate the initial loan amount, we can use the formula for the present value of an annuity. The monthly payments of $250 over a period of 7 years can be considered as an annuity. The formula for the present value of an annuity is PV = PMT * [(1 - (1 + r)^(-n)) / r], where PV is the present value (initial loan amount), PMT is the periodic payment ($250), r is the interest rate per period (6.64% divided by 12 to get the monthly rate), and n is the number of periods (7 years multiplied by 12 to get the number of months).
Substituting the given values into the formula, we have PV = 250 * [(1 - (1 + 0.0664/12)^(-7*12)) / (0.0664/12)]. Solving this equation gives us PV = $15,091.43. Therefore, the initial loan amount was $15,091.43.
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Why is the price floor above the equilibrium point and the price ceiling below the equilibrium point? Please explain as well!
Answer:
THE GIVEN STATEMENT IS WRONG.
The prices and the quantities of the products are usually set up by considering demand and supply. Sometimes, people may not agree with the price of a certain thing. Due to these reason, the government may set a maximum and minimum price limits on a product so it always remains in a certain range.
The upper limit is Price Ceiling. When a Price Ceiling is set below the equilibrium point, the demand will exceed the supply and shortages will occur.
The lower limit is Price Floor. When a price floor is set above the equilibrium point, the supply will exceed the demand, resulting in surplus quantity of a product
Comparing median weekly income data and education data show a. higher median weekly income for persons with higher levels of education. b. lower median weekly income for persons with higher levels of education. c. higher median weekly income for persons with lower levels of education. d. no difference in the income levels for persons with different levels of education.
Median weekly earnings in 2017 for those with the highest levels of educational attainment—doctoral and professional degrees—were more than triple those with the lowest level, less than a high school diploma. And workers with at least a bachelor's degree earned more than the $907 median weekly earnings for all workers.
Suppose that both of the events you have just analyzed are partly responsible for the decrease in the price of calzones. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the decrease in the price of calzones?.
Based on the arguments given, the best option is that A)If the equilibrium quantity of calzones increases, then the supply shift in the market for calzones must have been larger than the demand shift.
Effect of Supply increasingThe number of those selling calzones has increased which would lead to the Supply curve shifting right. This will lead to an increase in the equilibrium quantity.
Effect of demand decreasingThe increase in the complimentary good of beer led to a fall in price and equilibrium quantity as the demand curve shifted leftward.
Dominant causeIf the equilibrium quantity increases then it means that the effect of supply increasing was more than the effect of demand decreasing to the extent that it overrode the decreased quantity as a result of reduced demand.
In conclusion, option A is correct.
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If the trade discount series is 103/4%/121/2%/14% and the net price is $277, what is the list price? a. $586.36
b. $743.62 c. $600
d. $412.44
Let's find out the list price. We are given the trade discount series and the net price.
Trade discount can be defined as the reduction in the cost of goods that wholesalers provide to merchants to motivate them to buy goods. List price - Trade Discount = Net price. We need to calculate the list price.The trade discount series is 10 3/4%, 12 1/2%, and 14%.Converting 10 3/4% to decimal form, we get 10.75%.Converting 12 1/2% to decimal form, we get 12.5%.Converting 14% to decimal form, we get 14%.
Let's consider the first discount of 10.75%.We have,List price - 10.75% of List price = $277 Therefore, 0.8925 List price = $277 List price = $310.09 Using the second discount of 12.5%, we get,List price - 12.5% of List price = $310.09 Therefore, 0.875 List price = $310.09 List price = $354.69 Using the third discount of 14%, we get,List price - 14% of List price = $354.69
Therefore, 0.86 List price = $354.69 List price = $411.10 Thus, the list price is $411.10 (approx). Therefore, the option D is correct.
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As a financial advisor at Aggie Private Wealth Management, you are analyzing two securities, one stock and one bond, to construct a portfolio for a client who has a risk aversion coefficient of 5. Risk-free T-bills yield 4.0% in the market. Below are your estimates regarding the two securities:
Expected Return Standard Deviation
Stock 10% 32%
Bond 7 24
The correlation between the two securities is 0.13.
How would you allocate your client's optimal risky portfolio between the two securities: Stock and Bond? What would be the expected return and standard deviation of the optimal risky portfolio? You can use solver add-in in Excel to answer this question. (Use two decimal places for your answer in percentage form)
Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond.
A Stock is a manifestation of an individual or legal entity's equity participation in a corporation or limited liability company. A bond, on the other hand, is an authorization of debt by the bond issuer for a minimum term of one year.
There are some differences between stocks and bonds. Stocks are highly volatile and highly sensitive to macro and micro conditions. Bond prices, on the other hand, are relatively stable but sensitive to interest rates and inflation.
Shareholders have voting rights in the company (“GMS”). Bondholders, on the other hand, do not have voting rights in the company.
In the case of liquidation (dissolution of the company), the shareholders have reduced claims (residual receipts of the dissolution). However, in case of liquidation (dissolution of the company), creditors have priority over the company's assets.
Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond. The expected return of this portfolio is 8.70% and the standard deviation is 22.37%.
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Jenny can paint one birdhouse in 2 hours and can build one birdhouse in 1 hour. Gary can paint one birdhouse in 3 hours
and can build one birdhouse in 2 hours. Who has the comparative advantage in painting a birdhouse?
a
b
оооо
A. Gary
B. Jenny
C. Their comparative advantage is the same
D. Neither has a comparative advantage
Answer:
Jenny
Explanation: This is an easy comparative answer Jenny takes 2 hours for 1 birdhouse, and Gary takes three J2>3G
what is the formula for activity ratio
Answer:
The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.
Explanation:
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Answer:
The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.
How did you calculate the standard deviation for each return?
(0.01641, 6.56, 0.02)?
Why did you raise the second value in the power of -5?
The standard deviation is calculated by taking the square root of the variance.
The variance is calculated by taking the average of the squared differences from the mean. The second value was raised to the power of -5 because it was part of a calculation that required it to be raised to that power.
When you raise a number to a negative power, first raise the number to the absolute value of the power. The number we raise to a power is called the base. In this explanation, the power we start with is always a negative number. The absolute value of that power will always be a whole number
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5. As calculated by Prof. Hakan Kara, only 25% percent of our very high inflation rate is due to external factors like oil and food prices and Ukraine-Russia war. Discuss the role of exchange pass-through effect, due to the depreciation of TL, in inflation and further discuss the effect of increasing mark up, referring to price setting, which has increased the profits and inflation everywhere. (15)
Prof. Hakan Kara has calculated that only 25% percent of our very high inflation rate is due to external factors like oil and food prices and the Ukraine-Russia war.
Now let's discuss the role of exchange pass-through effect due to the depreciation of TL in inflation. It has a direct impact on inflation. Depreciation of the exchange rate implies that imported goods become expensive. The import price effect is multiplied when the share of imports in consumption is high. As the exchange rate falls, imported input costs rise, leading to higher costs and prices of production. Thus, exchange rate depreciation has a positive effect on inflation.
Now let's further discuss the effect of increasing mark-up, referring to price setting, which has increased the profits and inflation everywhere. The markup is defined as the difference between the selling price and the cost of production. An increase in the markup leads to an increase in the selling price and, as a result, in inflation. The markup may be influenced by a variety of factors, including market competition, wage costs, and the degree of market power.
The markup of a firm can rise due to different reasons, for instance, it might be a result of increased market power of the firms or due to the increase in the profit margins of the firms. Additionally, profit margin can be higher because of monopoly power, or it can be due to increased costs such as rising labor costs, taxes or raw materials. As a result, an increase in markup may lead to a rise in profit margins, which in turn, leads to increased prices and hence inflation.
In conclusion, the exchange pass-through effect due to the depreciation of TL is responsible for a direct effect on inflation. Additionally, the increase in markup refers to the price setting, which has increased the profits and inflation everywhere. Therefore, a rise in profit margins and increased prices lead to inflation.
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Identify at least five different Law, Public Safety, Corrections, and Security careers that you could pursue in your home state, and choose the three that appeal to you the most. Out of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice.
Answer:
There are many different law, public safety, corrections, and security careers that one could pursue in my home state. Here are five examples:
Police officer: Police officers are responsible for enforcing laws, protecting property and people, and maintaining public order. To become a police officer in my home state, one would typically need to complete a college degree in a related field, such as criminal justice, and then attend a police academy to receive training in law enforcement.
Sheriff's deputy: Sheriff's deputies are responsible for enforcing laws and maintaining order in the county in which they work. They may also assist local police departments when needed. To become a sheriff's deputy in my home state, one would typically need to complete a college degree in a related field, such as criminal justice, and then attend a police academy to receive training in law enforcement.
Corrections officer: Corrections officers are responsible for overseeing the care and custody of inmates in prisons and other correctional facilities. To become a corrections officer in my home state, one would typically need to complete a college degree in a related field, such as criminal justice, and then receive training through a state-approved training program.
Probation officer: Probation officers are responsible for supervising individuals who have been released from prison or are serving sentences in the community. To become a probation officer in my home state, one would typically need to complete a college degree in a related field, such as criminal justice, and then receive training through a state-approved training program.
Paralegal: Paralegals are legal professionals who assist lawyers in preparing cases and handling legal tasks. To become a paralegal in my home state, one would typically need to complete a college degree in paralegal studies or a related field, such as criminal justice.
Out of these five careers, the three that appeal to me the most are police officer, sheriff's deputy, and probation officer.
If I had to choose one of these three careers, I would choose to become a police officer. I am attracted to this career because of the opportunity to serve and protect my community, as well as the opportunity to work in a challenging and dynamic environment.
To obtain this career, I would need to follow the educational pathway of completing a college degree in a related field, such as criminal justice, and then attending a police academy to receive training in law enforcement. After completing this training, I would need to pass a written exam and physical fitness test, as well as a background check and drug test.
There are several colleges, universities, and training programs in my home state that offer the necessary education and training to become a police officer. Some examples include the State Police Academy, the Police Academy at the local community college, and the Police Academy at a nearby university. These programs typically offer courses in criminal justice, law enforcement techniques, and physical training, as well as practical experience through internships or ride-alongs with local law enforcement agencies.
Explanation:
When you are in a conflict with another person, it is important to remember:
OA.
That you are right and he is wrong.
O B.
All the negative things the other person has said or done to you.
O C.
That you also helped create the conflict.
OD.
That it is your right to control your friends.
What are Pre-Tax Deductions and Contributions?
a) Contributions taken out of your paycheck BEFORE taxes are calculated on your income
b) Contributions taken out of your paycheck AFTER taxes are calculated on your income
there are12 federal reserve regional banks. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? governments in developing countries during currency crises u.s. state governments when they run short on tax revenues u.s. banks that cannot borrow elsewhere the federal reserve's primary tool for changing the money supply is . in order to increase the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.
The Federal Reserve acts as a lender of last resort to U.S. banks in need and uses open market operations to influence the money supply, interest rates, and economic growth.
The Federal Reserve's role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere. During financial crises, banks may experience liquidity problems and struggle to obtain funding from other sources. In such cases, the Federal Reserve can step in to provide loans to these banks, helping them to avoid default and maintain stability in the financial system.
The Federal Reserve's primary tool for changing the money supply is open market operations, which involve the buying and selling of government bonds. When the Federal Reserve buys government bonds, it injects new money into the economy, increasing the money supply. Conversely, when it sells government bonds, it takes money out of the economy, decreasing the money supply.
By controlling the money supply, the Federal Reserve can influence interest rates, inflation, and economic growth. For example, by increasing the money supply, the Federal Reserve can lower interest rates, making it cheaper for businesses and individuals to borrow money. This can stimulate economic activity and promote growth. On the other hand, if inflation is a concern, the Federal Reserve may choose to decrease the money supply, which can help to curb inflationary pressures.
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please don't put links on here. I need help.
Imagine that you own a small hardware store and need to price several new items. What legal considerations would you need to take when pricing these items? Why? What about any ethical consideration in regard to pricing these items? Explain the role of business ethics and legal considerations in pricing, as well as the importance of a reputation for honesty in communication and for quality products. Finally, evaluate the impact of legal considerations in pricing.
What legal considerations would you need to take when pricing these items? When pricing these items, you need to think whether or not you will make any profit of it and if the profit is too high, will anyone buy your product. Make sure you know how much other stores are pricing their items and look at the stock/market value. Make sure you know you customers. Why? So you don't lose money and close down.
What about any ethical consideration in regard to pricing these items? Pricing a product ethically is a major decision for any business. Businesses who use ethical pricing strategies to sell their products and earn a profit are far more respected than those that hurt and defraud competitors or even consumers. To practice ethical pricing, you need to be able to spot the ethical issues that hinder fair pricing. One main issues that usually businesses do not work out is that they either favor or anti-favor a product.
Explain the role of business ethics and legal considerations in pricing, as well as the importance of a reputation for honesty in communication and for quality products. Finally, evaluate the impact of legal considerations in pricing. Ethics and Legal Considerations in pricing is mainly on the customers. Think of yourself walking into a store buying a product, would you buy it if it was more expensive then the business next door? Depending on the products, I would say. Sell everyday items that people need and would buy if they was there for something else anyways. If your shop was focused on clothes. Think about how much time and money you put into making these items. Say if the dress you made costed around $30 but took you hours to make it for designs or fitted. Then up the price up on the dress, depending how it is. Make the dress $45 so you can make a profit while the customer gets a good deal. If the dress, top, shoes, pants are plain, make it around $10-$20 so people will buy the product. If it has designs and jewels and stuff. Bump the price range to $25-$50. If shoes, do slides around $25-$60 and sneakers and stuff around that range too. Don't do too expensive depending on the item. But price it around the range that would be able to make you a profit and people buying your items at the same time. Now, if you are focused on clothes. Make sure your shop has accessories. Because i know that when i shop as a customer, I always try to find accessories/purses that will match the outfit im buying. If you can, put makeup in your shop. Lipgloss or palates. Now, I know all the things may be expensive. But, if you do what you love, the money will follow.
Off topic, but may i ask if you are starting a business?
As of June 28, 2020, Cedar Fair had issued $201.5 million in season passes. Cedar Fair estimated that guests would use passes worth
$41.9 million during the remainder of 2020, $61.9 million from January 1 to June 30, 2021, and the remaining $97.7 million after June
30, 2021. What amounts should Cedar Fair classify as current versus noncurrent, in its balance sheet on June 28, 2020?
Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million is non-current
What does current classification indicates in the balance sheet?
The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.
In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability and the remainder value of season passes that would be used after after June 30, 2021 as non-current liability.
current liability=$41.9 million+ $61.9 million=$103.80 million
non-current liability=$97.7 million
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All of the following are true of market capitalization classifications, except?
I. Anything less than $2 billion is a small cap company. II. Any stock with a market cap of $8 billion and above is a large cap company. III. Mid cap companies have market capitalizations of between $4 billion and $8 billion.
a) I only b) I and III only c) II and III only d) I, II, and III
The correct answer: c) II and III only. Market capitalization is a metric used to classify companies based on their size, calculated by multiplying the company's stock price by the number of outstanding shares.
I. True: Small cap companies typically have market capitalizations below $2 billion.
II. False: Large-cap companies usually have market capitalizations of $10 billion or more, not $8 billion and above.
III. False: Mid-cap companies generally have market capitalizations between $2 billion and $10 billion, not $4 billion to $8 billion.
The correct answer: c) II and III only.
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help me out, please.
Answer:
a) Sub total of Kevin's order = $49.99
b) Total of Kevin's order = $62.99
Explanation:
In an invoice, the subtotal for a person's transaction of order is the sum of the item only without the addition of taxes, shipping, credit card fees(if they order and pay for the item online), discounts e.t.c
The total amount for the purchase of an order is the sum total which includes cost of the goods, discounts, taxes, shipping fees e.t.c.
For Kevin,
a) His Subtotal is the cost of his Base ball jacke × number of jackets
= $49.99 × 1
= $49.99
b) Total of Kevin's order
= Cost of his Base ball jacket + Shipping and Handling fee + Credit card fee
Shipping and Handling fee = $10.00 Credit card fee = $3.00
Total = $49.99 + $10.00 + $3.00
= $62.99
Many communities experience the tragedy of the commons. one way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to
a. eliminate ownership of the resource and make them available to all
b. reduce the cost of access of the resources
c. offer subsides to users of the resources in the form of tax breaks
d. divide the resource into parcels and assign them to individuals
The economics is prone to different kinds of problem. One way a local community might regulate a shared is to divide the resources into parcels and assign them to individuals.
The tragedy of the commons is known to be type of problem in economics. It often takes place when a person fail to perform their duties to the well-being of society and instead are in the pursuit of personal gain.This problem often leads to over-consumption and then the depletion of the common resource, to everybody's failure.
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the warranty costs are per unit
Hamiota Computer Company sells computers for $2,500 each, which includes a 3-year warranty that requires the company to perform periodic services and to replace defective parts. During 2022, Hamiota sold 600 computers on account. Based on past experience, the company has estimated the total 3-year warranty costs at $90 for parts and $110 for labour. (Assume sales all occur at December 31, 2022.) In 2023, Hamiota Computer Company incurred actual warranty costs relative to 2022 computer sales of $10,500 for parts and $11,500 for labour. Instructions a. Using the expense warranty approach, prepare the entries to reflect the above transactions (accrual method) for 2022 and 2023. (4 marks) b. Using the cash basis method, what are the Warranty Expense balances for 2022 and 20237 Describe why it may or may not be appropriate to use the cash basis method. (4 marks) c. The transactions of part a create what balance under current liabilities in the 2023 statement of financial position? (2
To record estimated warranty costs (December 31, 2022):
Warranty Expense 150,000
Estimated Warranty Liability 150,000
What is the total actual warranty cost for labor incurred by Hamiota Computer Company in 2023?a. Using the expense warranty approach (accrual method) for 2022:
At the time of sale (December 31, 2022):Accounts Receivable 1,500,000
Sales Revenue 1,500,000
To record estimated warranty costs (December 31, 2022):Warranty Expense 150,000
Estimated Warranty Liability 150,000
In 2023:
To recognize actual warranty costs incurred for parts:Estimated Warranty Liability 90,000
Warranty Expense 90,000
To recognize actual warranty costs incurred for labor:Estimated Warranty Liability 110,000
Warranty Expense 110,000
b. Using the cash basis method, the Warranty Expense balance for 2022 would be zero since no cash outflows occurred in that year. In 2023, the Warranty Expense balance would be $21,000 ($10,500 for parts + $11,500 for labor), reflecting the actual cash payments made.
The cash basis method may not be appropriate for warranty expense recognition because it fails to match expenses with the revenue they relate to. Warranty expenses should be recognized in the same period as the sale of the products that are covered by the warranty.
The accrual method better aligns expenses with revenue recognition, providing a more accurate representation of the company's financial performance.
c. The transactions in part a create an estimated warranty liability under current liabilities in the 2023 statement of financial position. This liability represents the amount the company expects to pay for warranty claims related to the computers sold in 2022.
The balance of the estimated warranty liability will be reduced as actual warranty costs are incurred and recognized in subsequent periods.
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Social Security and Medicare taxes are two types of
taxes.
O A. employment
O B. sales
O C. property
D. income
Answer:
Income taxes
Explanation:
Those are two type of income taxes and i know this because my grandma gets those lololol..no joke though