Answers
Option d is correct. None of these statements are false. A scenario known as monopoly occurs when there is only one seller in the market.
A monopoly is a market arrangement where one producer or seller holds a disproportionate amount of power within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and impede competition.
Antitrust laws are in existence in the US to prevent monopolies, guaranteeing that one company cannot dominate a market and take advantage of its dominance to take advantage of its customers.
A market arrangement known as a monopoly has just one seller or producer.
A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market.
Monopolies may result in dishonest business practices.
Government regulations apply to certain monopolies, such as those in the utility industry.
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Related Questions
In what circumstances would a property insurance claim be rejected?
Answers
The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.
What are these circumstances?Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:
1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.
2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.
3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.
4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.
5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.
6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.
7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.
It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.
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Why does a country need fewer banks
Answers
Answer:
Explanation:
Despite the consolidation of the sector, authorities will not refrain from issuing new licences. Instead, they are expected to continue granting new banking licences in the future. That said, we can also expect more mergers and acquisitions in the sector as experts predict the consolidation will continue in the coming years.
According to the Central Bank of Kenya, banks that will embrace innovation and adopt new technologies will have unprecedented opportunities to change and improve how they provide financial services and products. At the same time, they must manage the risks created by the new digital economy,
The Kenya Bankers Association’s State of the Banking Industry report 2019 revealed that financial technology is increasingly changing the shape of the banking industry in the sense that competition in the provision of financial services is well beyond the formal regulated institutions.
It further states that new entrants with digital prowess will gain prominence, while many incumbent lenders will be forced to alter their strategies to compete. There will be greater industry fragmentation and blurring of industry boundaries, with financial services increasingly offered by an emerging breed of nonbanks.
Richard Njoroge told International Finance, “Consolidation can be regulator driven, such as through requirements for higher capital levels as was the case in Nigeria, or market-driven. Attempts by the regulator in the past to increase the level of minimum capital have not gone far as these proposals have been blocked in Parliament. In my view consolidation will be driven by business imperatives, which make it difficult for banks below a certain scale to be competitive. Consolidation has taken a while, but we are already seeing this starting to happen. I expect that we will have fewer banks in 10 years’ time.”
Sylvia Baxter reaches an agreed upon selling
Answers
When Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
Based on the information you provided, Sylvia Baxter has reached an agreed-upon selling price for a particular item or property. This means that she and the buyer have come to a mutual agreement on the price at which the item or property will be sold.
When negotiating a selling price, it's important for both parties to consider several factors, such as the current market value of the item or property, its condition, and any unique features or attributes that may affect its value. Additionally, both parties should be clear about any terms and conditions of the sale, such as the date of transfer of ownership, any repairs or renovations that need to be made before the sale, and any financing or payment arrangements.
Once the selling price has been agreed upon, both parties will typically sign a sales agreement or contract that outlines the terms of the sale. This document serves as a legally binding agreement between the buyer and seller and ensures that both parties are aware of their rights and obligations.
In summary, when Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.
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In 2016, 59.7 percent of the adult population (253 million) was employed. If the employment rate increased to 62 percent,
Instructions: In part a, round your response to one decimal place. In part b, enter your response as a whole number.
a. How many more people would be working?
______ million
b. By how much would output increase if per worker GDP were $122,000?
$ _____ billion
Answers
Answer:
a. 5.819 million
b. $709918
Explanation:
Below is the calculation:
a. Total number of adult population = 253 million
Total employed adult = 253 x 59.7% = 151.041
Number of employed adult after increase in employment rate = 253 x 62% = 156.86
More people would be working = 156.86 - 151.041 = 5.819 million
b. GDP per capita is $122,000, so increase in GDP = 5.819 x 122000
Increase in GDP = $709918
Write a list of at least 3 things that Eric has done right before applying for a loan.
Answers
Answer:
A. Three important Items to double check before submitting a loan application to underwriting.
• Completeness of data : One has to be sure that all important details are captured hence none is left out. It means that there are no missing information on the application.
• Calculations performed accurately: This means that calculations such as borrower's income, qualifying ratios are calculated accurately and also double checked for the purpose of the loan underwriting.
• Documentations required by the loan programme. All Documentations required by the loan programme must be double checked before submitting a loan application to underwriting.
B. List at least two things you would be sure to tell a borrower in preparation for closing
• I will seek clarity in terms of the money borrower would be bringing to the closing table.
• The date,time,venue of closing are essential for the closing hence will be communicated to the borrower. Also, there are no right or wrong answers that may be asked or given by the borrower during the closing.
C. List at least three calculations that are typically used during the course of mortgage loan transaction.
• Income calculation
• Front end and back end ratio (DTI ratio)
• Monthly payment.
Explanation:
The three things that Eric has done before making a loan application are as follows:
Careful examination of loan applicationCommunication to the borrowing party regarding the closing of the loanComputations related to the loan transactionWhat is a loan?A loan is an amount given to the borrowing party at an interest rate that can be annual, monthly, or quarterly basis by the lender.
Eric should make sure the three following things:
He should carefully read the loan agreement and its causes before accepting it by signing the document. He must ensure that the data is accurate and the calculations are correct in themselves.He should communicate with the borrower about the closing time period in advance so that no delay could happen.He computes the monthly installment to be paid by the borrower on the basis of his income and debt-income ratio.Therefore, the three things which Eric should check have been explained above.
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From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left. Externality A. Intellectual property rights Negative exteranlity Positive externality The magnitude of market failure National defense Free-rider problem A market producing the socially optimal level of output Can be used to encourage innovations Congested non-toll road Helps transfer social benefit to a private party which is creatingcurve A good is nonexcludable but could be rivalrous or nonrivalrous An example of "There is no such thing as a free lunch. Overproduction E Excludable and rivalrous r. The area of the triangle in a demand and supply model which is formed as a result of negative or positive externality Nonexcludable and rivalrous " Market output will be lower than the socially efficient/optimal level of output At the intersection of the marginal social cost curve and the demand a positive externality d. A the level of output where negative externality is equal to positive externality Decline in production due to external factors such a bad news coverage about a product L. A positive or negative side effect of an action that affects the wellbeing of a bystander (or a third party) M. Subsidy Both nonexcludable and nonrivalrous O. Taxation
Answers
Answer:
A - Intellectual Property Rights - can be used for innovations
B - A good is non excludable but could be rivalrous or non rivalrous. - Free rider problem
C - An example of "There is no such thing as a fee lunch" National Defense
D - Overproduction - Negative externality
E - Excludable Rivalrous
F - The area of the triangle in a demand and supply model which is formed as a result of negative or positive externality. - Magnitude of market failure
G - Non excludable and Rivalrous - Free rider problem
H - Market output will be lower than the socially efficient / optimal level of output. - Positive externality
I - At the intersection of marginal social cost curve and the demand curve.
J - The level of output where negative externality is equal to positive externality - Market producing socially optimal level of output.
K - Decline in production due to external factors such as bad news coverage about a product. Negative externality
L - A positive or negative side effect of an action that affects the wellbeing of a bystander or Third party. Externality
M - Subsidy positive externality
N - Both excludable and non rivalrous Congested non troll road
O- Taxation - national defense
Explanation:
When the market is producing optimal level of output then there will be no negative or positive externality. The positive externality is one when a firm cannot attain the full benefits of the decision made by them. Negative externality is one in which there is some undesirable impact of the market condition on the production.
Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen
Answers
Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen? Congress creates the law along with a federal agency to administer it.
The following is an alphabetical list of Blue Spruce’s Bakery’s adjusted account balances at the end of the company’s fiscal year on November 30, 2021:
Accounts payable $32,710 Merchandise inventory $34,360
Accounts receivable 13,670 Mortgage payable 106,000
Accumulated depreciation—building 61,200 Prepaid insurance 4,500
Accumulated depreciation—equipment 19,880 Property tax expense 3,500
Building 175,000 Purchases 627,700
B. Hachey, capital 104,480 Purchase discounts 6,300
B. Hachey, drawings 12,000 Purchase returns and allowances 13,315
Cash 20,700 Rent revenue 3,400
Depreciation expense 14,900 Salaries expense 121,600
Equipment 57,000 Salaries payable 8,500
Freight in 5,110 Sales 872,000
Freight out 8,200 Sales discounts 8,300
Insurance expense 9,000 Sales returns and allowances 9,845
Interest expense 5,700 Unearned revenue 3,000
Land 79,000 Utilities expense 20,700
1.Prepare a multiple-step income statement for the November 30, 2021, year end
2.Prepare a statement of owner’s equity for the November 30, 2021, year end.
3.Prepare a classified balance sheet for the November 30, 2021, year end
4. Prepare the closing journal entries.
5.Post closing entries to the Merchandise Inventory and capital accounts. Check that the balances in these accounts are the same as the amounts on the balance sheet.
Additional information:
1. Blue Spruce’s Bakery uses a periodic inventory system.
2. Of the mortgage payable, $9,200 is due on March 31, 2022.
3. A physical count determined that merchandise inventory on hand at November 30, 2021, was $37,370.
4. The owner made no capital contributions during the year.
Prepare a multiple step income statement for the Nov 30, 2024 year end.
Answers
1. The preparation of the multiple-step income statement for Blue Spruce's Bakery for the year ended November 30, 2021, is as follows:
Blue Spruce's Bakery
Multiple-step Income StatementFor the year ended November 30, 2021
Sales $872,000
Sales discounts (8,300)
Sales returns and allowances (9,845)
Net sales revenue $853,855
Cost of goods sold:
Merchandise inventory $34,360
Purchases 627,700
Freight in 5,110
Purchase discounts (6,300)
Purchase returns & allowances (13,315)
Cost of goods available (sale) $647,555
Merchandise inventory (37,370) $610,185
Gross profit $243,670
Operating Expenses:
Property tax expense $3,500
Depreciation expense 14,900
Salaries expense 121,600
Freight out 8,200
Insurance expense 9,000
Utilities expense 20,700 $177,900
Operating Income $65,770
Rent revenue 3,400
Income before interest $69,170
Interest expense (5,700)
Net Income $63,470
2. The preparation of a statement of owner's equity for Blue Spruce's Bakery for the year ended November 30, 2021, is as follows:
Blue Spruce's Bakery
Statement of Owner's EquityFor the year ended November 30, 2021
B. Hachey, capital $104,480
B. Hachey, drawings (12,000)
Net income 63,470
Ending balance $155,950
3. The preparation of a classified balance sheet for Blue Spruce's Bakery as of November 30, 2021, is as follows:
Blue Spruce's Bakery
Balance SheetAs of November 30, 2021
AssetsCurrent Assets:
Cash $20,700
Accounts receivable 13,670
Merchandise inventory 37,370
Prepaid insurance 4,500
Total current assets $76,240
Long-term Assets:
Building $175,000
Accumulated depreciation 61,200 $113,800
Equipment 57,000
Accumulated depreciation 19,880 37,120
Land 79,000 $229,920
Total assets $306,160
Liabilities and EquityCurrent Liabilities:
Accounts payable $32,710
Salaries payable 8,500
Unearned revenue 3,000
Mortgage payable 9,200
Total current liabilities $53,410
Long-term Liabilities:
Mortgage payable 96,800
Total liabilities $150,210
Owner's Equity $155,950
Total liabilities and equity $306,160
4. The closing journal entries are as follows:
Closing Journal Entries:Account Titles Debit Credit
Sales $872,000
Income Summary $872,000
To close the gross sales to the income summary.Account Titles Debit Credit
Income Summary $18,145
Sales discounts $8,300
Sales returns and allowances $9,845
To close sales discounts, returns, and allowances to the income summary.Account Titles Debit Credit
Rent revenue $3,400
Income Summary $3,400
To close the rent revenue to the income summary.Account Titles Debit Credit
Income Summary $647,555
Merchandise inventory $34,360
Purchases 627,700
Freight in 5,110
To close the beginning inventory, purchases, and freight-in to the income summary.Account Titles Debit Credit
Purchase discounts $6,300
Purchase returns & allowances 13,315
Income Summary $19,615
To close purchases discounts, returns, and allowances to the income summary.Account Titles Debit Credit
Income Summary $183,600
Property tax expense $3,500
Depreciation expense 14,900
Salaries expense 121,600
Freight out 8,200
Insurance expense 9,000
Utilities expense 20,700
Interest expense 5,700
To close expenses to the income summary.5. The post-closing entries to the Merchandise Inventory and Capital accounts are as follows:
Post-Closing Entries:Account Titles Debit Credit
Merchandise inventory $37,370
Income Summary $37,370
To record the closing merchandise balance.Statement of Equity $12,000
Owner's drawings $12,000
To close the owner's drawings to the statement of equity.Income Summary $63,470
Statement of Equity $63,470
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Blanchard and Hersey's Situational Leadership style used which two dimensions to determine employee readiness?
Question 9 options:
Age and Ability
Effort and Efficacy
Tenure and Tenaciousness
Competence and Commitment
Answers
Explanation:
According to Hersey and Blanchard, readiness refers to "the extent to which a follower has the ability and willingness to accomplish a specific task" (1988, p. 174). The two dimensions composing employee readiness are willingness and ability related to a specific task.
If the price of natural gas rises , when is the price elasticity of demand likely to be the highest?
Answers
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
What is the price elasticity of demand?A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
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suon
Select the best answer for the question
7. The company's goal is to earn $5 profit for every sale that's made in its stores. Which key performance indicator can be used to measure the results of this goal?
OA. Number of sales per employee
OB. Profit made per sale
OC. Overall company growth
OD. Number of sales per day
Answers
You would see the profits by sale and try to increase it to $5 therefore option B is correct.
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Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Answers
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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H&R Block Tax Service is an example of which type of business.
a. Manufacturing
b. Wholesale
Retail
d. Service
Answers
Answer:
Service
Explanation:
The Worker Adjustment and Retraining Notification (WARN) Act requires that
companies meet notice requirements of how many days before reducing a
workforce?
OA. 60 days
B. 30 days
C. 90 days
OD. 14 days
Answer: A. 60 days
Answers
The Worker Adjustment and Retraining Notification (WARN) Act requires that companies meet notice requirements of 60 days. Option A
What is meant by the (WARN) Act ?Mass layoffs and qualified plant closings are now more likely to be announced in advance according to the Worker Adjustment and Retraining Notification (WARN) Act. To help employees and employers understand their rights and obligations under the terms of WARN, the U.S. Department of Labor has compliance support materials available.
Provides protection for workers, their families, and communities by mandating the majority of firms with 100 or more employees to notify affected parties about plant closures and mass layoffs 60 days in advance.
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Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,300 units) $ 233,600 $ 32.00 Variable expenses 146,000 20.00 Contribution margin 87,600 $ 12.00 Fixed expenses 55,300 Net operating income $ 32,300 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 80 units? 2. What would be the revised net operating income per month if the sales volume decreases by 80 units? 3. What would be the revised net operating income per month if the sales volume is 6,300 units?
Answers
Answer:
Explanation:
To calculate the revised net operating income if the sales volume increases by 80 units, we need to calculate the contribution margin per unit first:
Contribution margin per unit = (Sales - Variable expenses) / Units sold
= ($233,600 - $146,000) / 7,300 units
= $87,600 / 7,300 units
= $12.00 per unit
The new sales volume will be 7,300 + 80 = 7,380 units.
The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 7,380 units - $20.00 x 7,380 units) - $55,300
= $235,560 - $147,600 - $55,300
= $32,660
Therefore, the revised net operating income per month if the sales volume increases by 80 units is $32,660.
To calculate the revised net operating income if the sales volume decreases by 80 units, we can use the same approach as in part (1). The new sales volume will be 7,300 - 80 = 7,220 units. The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 7,220 units - $20.00 x 7,220 units) - $55,300
= $230,240 - $144,400 - $55,300
= $30,540
Therefore, the revised net operating income per month if the sales volume decreases by 80 units is $30,540.
To calculate the revised net operating income if the sales volume is 6,300 units, we can use the same contribution margin per unit as in part (1):
Contribution margin per unit = $12.00 per unit
The new net operating income will be:
Net operating income = (Sales - Variable expenses) - Fixed expenses
= ($32.00 x 6,300 units - $20.00 x 6,300 units) - $55,300
= $201,600 - $126,000 - $55,300
= $20,300
Therefore, the revised net operating income per month if the sales volume is 6,300 units is $20,300.
which statement about demand is true
Answers
Ruiz Engineering Contractors incurred service salaries and wages of $37,700 ($27,300 direct and $10,400 indirect) on an engineering project. The company applies overhead at a rate of 27% of direct labor. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answers
Explanation:
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Unearned revenue: the company collected 24,000 rent in advanced on September 1, debiting cash and crediting unearned rent revenue. The tenant was paying 12 months rent in advance and occupancy began september 1.
Answers
Answer:true
Explanation:
true
what are the five major categories of pricing strategies give at least two example of specific strategies that fail into each category
Answers
A good pricing strategy helps the business to sell more, expand and earn a profit. Therefore it is very important for a business to consider a wide range of factors before offering the products and services at a price.
Following are the few crucial business tactics that aid in determining the cost of goods and services.
Pricing at a Premium: The practise of charging a high price for a product is known as premium pricing. For instance, the first foldable phones of 2019 were released, and these are the Samsung Galaxy Fold and Huawei Mate X. The cost is rather high because these are the first of their kind.Pricing to increase market penetration: In this type of pricing strategy, goods and services are sold for a low price.Economy Pricing: Discount merchants typically employ this type of pricing approach, which has cheap product prices. For example, this pricing method is employed by Walmart and Target.Price skimming: In this kind of pricing strategy, the products are first priced very high, but as time goes on and other products enter the market, the price drops.Pricing based on psychology: In this form of pricing strategy, a product’s or service’s price is set so that it discourages customers from purchasing the good or service. For example, a T-shirt now costs $99 rather than $200.To learn more about Price skimming, refer this link.
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What would be considered an ethical question?
Answers
The phrases "ought" and "should" are used in ethical problems or suggest them. They include debating moral choices and conundrums with a range of potential outcomes, none of which are without difficulties or problems.
Moral decisions and conundrums are present in ethical problems, which are values-based inquiries. They encourage critical thinking because they constructively challenge preexisting views and attitudes.
They provide the reply with the option to offer a variety of different answers, all of which will be difficult to defend and accept from an ethical standpoint.
It's crucial that you know how to pose ethical questions in your lectures since they are a terrific question type for teachers to employ. Any form of inquiry that relates to ethics might be considered an ethical question. A more particular form of ethical concern is an ethical problem.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
1- A company received a bank statement for the month of November 2022, which showed
a balance per bank of 4.000 TL. Other information are as follows:
- The bank returned an NSF check from a customer for 600 TL.
- The company recorded cash receipts of 540 TL on November 30 but this amount
does not appear on the bank statement.
- A check correctly written and paid by the bank for 1.940 TL was incorrectly recorded
in the journals for 1.490 TL. The check was a payment on account.
- Checks which were written in October but still had not been presented to the bank
for payment at November 30 amounted to 1.230 TL.
- The bank included a credit memorandum for 2.030 TL which represents a collection
of a customer’s note by the bank for the company; principal amount of the note was
1.900 TL and the remainder was interest.
- The bank included a 200 TL debit memorandum for service charges for the month of
November.
- Checks written in November which have not been paid by the bank at November 30
amounted to 1.330 TL.
Using the above information, you make a reconciliation and determine the balance per
book (before adjustments) for the company as...
a) 300 TL
b) 1.200 TL
c) 2.960 TL
d) 3.600 TL
2- Refer to Question 1 above. After preparing the necessary adjusting entries for the
company, what would be the net (incremental) change in the total assets in the balance
sheet?
a) 70 TL decrease
b) 80 TL increase
c) 1.830 TL increase
d) 520 TL decrease
Answers
To reconcile the balance per bank with the balance per book, we need to adjust for the following items:
Deduct the NSF check of 600 TL that was returned by the bank.
Add the cash receipts of 540 TL that were recorded by the company but not yet reflected on the bank statement.
Add the correct amount of the check paid by the bank, which is 1.940 TL.
Deduct the checks that were written in October but not yet presented to the bank, which amounted to 1.230 TL.
Add the credit memorandum of 2.030 TL, representing the collection of a customer's note.
Deduct the service charges of 200 TL.
Deduct the checks written in November that have not been paid by the bank, which amounted to 1.330 TL.
Thus, the balance per book (before adjustments) can be calculated as follows:
Balance per bank: 4.000 TL
Less: NSF check (-600 TL)
Add: Cash receipts not yet on bank statement (+540 TL)
Add: Correct amount of check paid by bank (+450 TL)
Less: Checks written in October not yet presented to bank (-1.230 TL)
Add: Credit memorandum for collection of customer's note (+2.030 TL)
Less: Service charges (-200 TL)
Less: Checks written in November not yet paid by bank (-1.330 TL)
Balance per book (before adjustments): 2.560 TL
Therefore, the correct answer is not provided in the options. The balance per book (before adjustments) is 2.560 TL.
After preparing the necessary adjusting entries, the net (incremental) change in the total assets in the balance sheet can be calculated as follows:
Deduct the NSF check of 600 TL from accounts receivable.
Add the cash receipts of 540 TL to cash.
Add the correct amount of the check paid by the bank, which is 1.940 TL, to cash.
Deduct the checks that were written in October but not yet presented to the bank, which amounted to 1.230 TL, from cash.
Add the credit memorandum of 2.030 TL, representing the collection of a customer's note, to accounts receivable.
Deduct the service charges of 200 TL from cash.
Deduct the checks written in November that have not been paid by the bank, which amounted to 1.330 TL, from accounts payable.
Thus, the net (incremental) change in the total assets is:
(540 + 1.940 - 1.230 - 200) - 600 = 450 TL increase
Therefore, the correct option is option (b) 80 TL increase.
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Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences
Answers
The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.
Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.
In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.
Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.
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Please identify one problems from product markets and explain it solutions in business environment
Answers
Answer:
invisibility or stagnation, the solution to stagnation is making sure there is always a challenge in the job, if you choose to accept stagnation then you might turn into the blockbuster and netflix situation, if you want more info on it look up blockbuster and netflix.
Explanation:
After reading a child's file, a trained adult asks the child to perform specific tasks. The
information gained indicates the child may have a developmental delay or disability and
could benefit from early intervention. The adult refers the family to a medical professional
for diagnosis.
Observation
Screening
Assessment
Evaluation
Answers
After reading a child's file, a trained adult asks the child to perform specific tasks and learns that the child may have a developmental disability and could benefit from early intervention and he refers the family to a medical professional for diagnosis. This is called assessment. The correct option is c.
What is a developmental disability?Developmental disability refers to a diverse group of chronic conditions, comprising mental or physical impairments that arise before adulthood. These disabilities cause individuals living with them many difficulties in certain areas of life, especially in language, mobility, learning, self-help, and independent living.
Developmental disabilities can be detected early on and persist throughout an individual's lifespan.
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Critically explain the five functions of management (200 words)
Answers
Answer:
Henri Fayol was one of the first theorists to define functions of management in his 1916 book “Administration Industrielle et Generale”. Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling. Henri Fayol theorized that these functions were universal, and that every manager performed these functions in their daily work.Henri Fayol also identified 14 general principles of management and organizing, which can be read about in the article: What are Henri Fayol’s 14 Principles of Management? In part, these 14 principles give normative guidance on how managers might master and execute their 5 managerial functions effectively.
Below, a short description of the five functions is presented.
Planning
Managers must plan for future conditions, develop strategic objectives and secure the achievement of future goals. Therefore, managers must evaluate future contingencies affecting the organization, and shape the future operational and strategic landscape of the company.
Organizing
Managers must organize the workforce in an efficient manner and structure and align the activities of the organization. Managers must also train and recruit the right people for the job, and always secure a sufficiently skilled and educated workforce.
Commanding
Managers must supervise subordinates in their daily work, and inspire them to achieve company goals. Likewise it is the responsibility of managers to communicate company goals and policies to subordinates. The commanding of subordinates should always be consistent with company policies, and every manager should treat subordinates in line with the standards of the company.
Coordinating
Managers must harmonize the procedures and activities performed by the company, meaning that every activity of each organizational unit should complement and enrich the work of another.
Controlling
Managers must control that company activities are in line with general company policies and objectives. It is also the responsibility of the manager to observe and report deviations from plans and objectives, and to make initiatives to correct potential deviations.
The five functions theory of Henri Fayol is a very normative and functional view on management, and the theory might not fully convey the managerial complexities faced by managers in their daily work. As such, Henry Fayol’s five functions focus very little on informal relationships between managers and subordinates, and do not touch very much upon how to develop and maintain a motivated workforce.
The 5 functions put forward by Henri Fayol may therefore not completely represent the total complexity faced by managers, and the normative approach may be too rigid to illustrate which functions managers need to perform in modern contemporary companies and organizations. However, the 5 functions presented by Henri Fayol give a structured overview of several tasks needed to be performed by all managers, which gives managers an initial overview of which main functions they should be focusing on in their daily work.
Other theorist such as Frederick Herzberg and Elton Mayo focused more of their attention to trying to explain how people are motivated, and on which motivational factors can secure a satisfied and motivated workforce.
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Which of these standard forms is used to document an agreement between a seller and a listing broker to cease marketing a property?
a. Cancellation of Listing (Modification of Terms)
b. Buyer and broker (Buyer and salesperson)
c.Chimney/fireplace (foundation)
d. Allows you to specialize (Gives you broad experience)
Answers
The a. Cancellation of Listing (Modification of Terms) is the standard forms that is used to document an agreement between a seller and a listing broker to cease marketing a property.
The Cancellation of Listing (Modification of Terms) is an agreement between a seller and a listing broker to cease marketing a property. This form is used to document the agreement and outlines the terms and conditions of the cancellation.
It is important for both the seller and the listing broker to understand the details of the agreement to ensure their rights and obligations are protected. This form can be customized to the unique needs of the parties involved and should be reviewed carefully prior to signing.
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She wants a career that lets her travel to different companies and show workers there how to use complex software. Which term BEST describes Mara’s career goal? team-building specialist external trainer internal trainer cohesion specialist
Answers
The term that describes Mara’s career goal is to be an external trainer. Option (b) is correct.
What do you mean by cohesion specialist?Plan social cohesion activities centered around your neighborhood, ensuring the use of Do No Harm and conflict-sensitive strategies is a Cohesion specialist.
External training is distinguished by the possibility that the instructors have more extensive training backgrounds and more in-depth theoretical and practical knowledge. Employees can get a different perspective and learn about new methods thanks to external training, which also brings ideas from outside the organization.
Therefore, Option (b) is correct.
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Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $2.35 dividend, what is the current share price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Answers
Answer: $53.94
Explanation:
Current share price is the present value of the dividends for the next 3 years and the terminal value in year 3.
Terminal value = D₄ / ( required return - growth rate)
= (2.35 * 1.22³ * 1.05) / (12 % - 5%)
= $64
D₁ = 2.35 * 1.22 = $2.867
D₂ = 2.867 * 1.22 = $3.49774
D₃ = 3.49774 * 1.22 = $4.2672428
Share price = (2.867 / (1 + 12%)) + (3.49774 / 1.12²) + (4.2672428 / 1.12³) + (64/1.12³)
= $53.94
Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 10.5 percent compared to your brother's 8.7 percent. How much less than your brother will you have to deposit today
Answers
How much less than your brother will you have to deposit today is $1,820.78.
First step
Future value = Present value × (1 + interest rate)^number of years
$28,500 = Present value × (1 + 0.105)^14
Present value= $28,500 ÷ 1.105^14
Present value= $28,500 ÷ 4.04642869977
Present value=$7,043.25
Second step
Future value = Present value × (1 + interest rate)^number of years
$28,500 = Present value × (1 + 0.087)^14
Present value= $28,500 ÷ 1.087^14
Present value= $28,500 ÷3.21524163645
Present value=$8,864.03
Third step
Deposit today=-$8,864.03-$7,043.25
Deposit today= $1,820.78
Inconclusion how much less than your brother will you have to deposit today is $1,820.78.
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