a company established a $100 petty cash fund. this transaction requires entries in which columns of the cash payments journal?

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Answer 1

When a company establishes a $100 petty cash fund, this transaction requires entries in the "Petty Cash" and "Accounts Payable" columns of the cash payments journal.

The cash payments journal is a special journal used to record all transactions related to the payment of cash, including petty cash expenditures. When a company establishes a petty cash fund, it records the transaction by making an entry in the petty cash column of the cash payments journal.

To establish the petty cash fund, the company debits the Petty Cash account and credits the Cash account for the amount of cash transferred to the petty cash fund. When petty cash is used to make payments, the company records the transactions by making entries in the Petty Cash column of the cash payments journal. As transactions occur, the custodian of the petty cash fund reimburses employees and obtains receipts to support the expenditures.

At the end of the month or another accounting period, the company replenishes the petty cash fund by making an entry in the cash payments journal. A debit to the appropriate expense account (e.g., Office Supplies, Postage, etc.) and a credit to the Petty Cash account are made. The total of the receipts obtained by the custodian during the period is added to the total of the cash disbursed to obtain the total amount of the petty cash fund that should be maintained.

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basic business research refers to research usually performed by academic researchers and supported by some public or private institution. true false

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False, basic business research does not necessarily mean research performed by academic researchers and supported by public or private institutions.

What is basic business research?Basic business research refers to research that is conducted with the aim of understanding the underlying principles and nature of business phenomena. This type of research generally investigates theoretical concepts and models rather than practical applications. Basic research does not necessarily have immediate commercial or practical implications but rather forms the basis for applied research and development.basic business research: research refers to the research that is directed toward the development of new knowledge, concepts, theories, and models.

Basic business research is research because it seeks to develop new knowledge and understanding of fundamental business concepts and principles. Its main objective is to contribute to the overall understanding of business phenomena and to provide insights into the underlying theories, models, and concepts.Basic business research is often conducted in universities and research institutes and can be funded by public or private institutions.

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you want to buy a house and will need to borrow $245,000. the interest rate on your loan is 5.77 percent compounded monthly and the loan is for 30 years. what are your monthly mortgage payments?

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Their monthly mortgage payments will be $1,426.37. The student wants to buy a house and will need to borrow $245,000. The interest rate on their loan is 5.77 percent compounded monthly, and the loan is for 30 years.

Mortgage payments can be calculated using the formula

[tex]P = L[c(1 + c)^n]/[(1 + c)^n - 1][/tex]

where P is the monthly payment, L is the loan amount, c is the monthly interest rate, and n is the number of monthly payments. The monthly interest rate is 5.77%/12 = 0.0048083, and the number of monthly payments is 30 x 12 = 360. Plugging these values into the formula gives: [tex]P = 245000[0.0048083(1 + 0.0048083)^360]/[(1 + 0.0048083)^360 - 1]P = $1,426.37[/tex]

Therefore, their monthly mortgage payments will be $1,426.37.

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you are thinking of starting a tutoring service. you already have a part-time job on campus that pays $20 per hour. you think you can tutor fellow students for five hours each saturday at $25 per hour, and you have already printed $10 worth of flyers to hang on campus for advertising. if you were not tutoring, you could work another five hours at your campus job. how much economic surplus will you generate each week if you start tutoring? group of answer choices $125 $100 $25 $15

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The economic surplus generated each week, if they start tutoring, is $15.

We will first find the total income earned by the person if they do not start tutoring. For that, we need to calculate the income earned by the person from their part-time job on campus for 5 hours. As we know, they are paid $20 per hour.

So, the total income earned is:

Total income earned = 5 × $20 = $100

Now, we will find the total income earned by the person if they start tutoring. For that, we need to calculate the income earned by the person from tutoring for 5 hours. As we know, they are paid $25 per hour.

So, the total income earned is:

Total income earned = 5 × $25 = $125

Now, we will find the total cost of tutoring. As we know, the person has printed flyers worth $10.

Total cost of tutoring = $10

Now, we will find the economic surplus generated.

Economic surplus generated = Total income earned - Total cost of tutoring - Income earned from campus job

Economic surplus generated = $125 - $10 - $100 = $15

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which is an example of internal secondary data for marketing research?

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An example of internal secondary data for marketing research is sales reports.

Marketing research is the methodical and unbiased gathering, evaluation, and dissemination of information about a specific market or target audience in order to make better-informed business decisions. Marketing research can help companies comprehend their market, keep up with emerging trends and competitors, and develop marketing strategies that are tailored to their specific audience.The primary goal of marketing research is to enable businesses to make data-driven decisions by providing insights into customer needs and behaviors, market trends and competition, and overall market potential. It can be accomplished through a variety of research methods, including surveys, focus groups, observational studies, and experiments.

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what opportunities do you see for leveraging scientific findings to advance real and substantive emissions reductions by 2030?

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The opportunities for leveraging scientific findings to advance real and substantive carbon emissions reductions by 2030 are plentiful. Research indicates that strategies for reducing emissions fall into two categories: supply-side and demand-side measures. Supply-side measures aim to reduce emissions directly at the source,

for example by improving energy efficiency and switching from fossil fuels to renewable energy sources. Demand-side measures focus on reducing emissions by decreasing the demand for energy, for example through improving the energy efficiency of buildings, implementing green infrastructure, and promoting sustainable transport systems. By combining supply-side and demand-side measures, substantial reductions in emissions can be achieved by 2030.

For example, improved energy efficiency can be achieved through enhanced insulation and air tightness of buildings, increased use of green energy sources, improved public transportation systems, and increased reliance on efficient renewable energy sources. The integration of renewable energy sources into the energy grid is essential for reducing emissions, as it would help meet the energy demands while simultaneously reducing emissions.

Moreover, the implementation of green infrastructure can also lead to significant reductions in emissions. Green infrastructure includes features such as green roofs and walls, pervious pavements, rain gardens, and urban forestry, which help absorb and filter out pollutants from the atmosphere.

In conclusion, through a combination of supply-side and demand-side measures, it is possible to make real and substantive carbon emissions reductions by 2030. Such measures include improved energy efficiency, increased use of renewable energy sources, and the implementation of green infrastructure.

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andre is completing a questionnaire containing over 400 items covering five major categories: tools and equipment, perceptual and physical requirements, mathematical requirements, communication requirements, and decision making and responsibility. andre is using the:

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André is completing a questionnaire containing over 400 items covering five major categories: tools and equipment, perceptual and physical requirements, mathematical requirements, communication requirements, and decision-making and responsibility. André is using the survey method.

What is a questionnaire? A questionnaire is a data-gathering method that includes a series of questions, statements, or other items that elicit responses from a sample of participants. Researchers employ questionnaires to learn about attitudes, beliefs, values, behaviors, personality qualities, and other attributes, among other things. Questionnaires may be used to gather data on a wide range of subjects, including personal and sensitive subjects. They may be used in a variety of settings, such as academic research, professional research, medical research, and market research.

The types of questionnaires are as follows: Structured Questionnaires, Unstructured Questionnaires, Open-ended Questionnaires, Closed-ended Questionnaires, Likert Scale Questionnaires, Semantic Differential Scale Questionnaires Symptom Checklist Questionnaires, Attitude Scale Questionnaires.

Likewise, André is using the survey method, which is one of the types of questionnaires. The survey is a popular research method that allows for the collection and analysis of data from a large sample of people. Surveys may be done in-person, online, over the phone, or by mail.

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which of the following comparisons is correct? a. corporations may carry back capital losses; individuals may not. b. both corporation and individual long-term capital losses carry over as short-term capital losses. c. corporations may carry forward capital losses indefinitely; individuals may carry forward capital losses for only five years.

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Corporations may carry forward capital losses indefinitely comparisons is correct. The answer is OPTION C

You can declare a loss on your return if the sum of all your gains minus all your losses is a loss. Up to $3,000 in current-year net losses, or $1,500 if married filing individually, may be reported. Transfer total losses exceeding $3,000 to the return for the following year.

Capital losses may be carried over forever. You may carry forward any remaining capital losses for use in future years if you have applied them first to capital profits and then to ordinary income. Both long-term and short-term capital profits can be offset by a short-term capital loss. The answer is OPTION C

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analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization. true false

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The given statement "analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization" is True because Analyzing the internal environment of a firm enables the firm to assess its strengths and weaknesses in terms of resources, capabilities, and core competencies.

Through this analysis, the firm is able to identify areas in which it has a competitive advantage, as well as any areas that need improvement. Resources refer to tangible assets such as physical capital and human capital. Capabilities refer to a firm’s ability to combine and utilize these resources to create and deliver value.

Core competencies are the specific capabilities that enable the firm to sustain a competitive advantage over its competitors. Through analyzing these internal elements, the firm can develop strategies to optimize the use of its resources, capabilities, and core competencies to create value for its customers.

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a lumber yard has fixed costs of $2865.20 per day and variable costs of $0.93 per board-foot produced. assume their lumber sales for $2.83 per board-foot. how many board-feet must be produced and sold daily to break even?

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The lumber yard must produce and sell 1508 board-feet daily to break even.

The break-even point can be calculated using the following formula:

Break-even point (units) = Fixed costs / (Price per unit - Variable costs per unit)

In this case, the price per unit is the lumber sales price of $2.83 per board-foot, and the variable costs per unit are $0.93 per board-foot.

Substituting these values, we get:

Break-even point (board-feet) = $2865.20 / ($2.83 - $0.93) per board-foot

Break-even point (board-feet) = $2865.20 / $1.90 per board-foot

Break-even point (board-feet) = 1508 board-feet

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please help and please explain why!!!!

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The expected return and a standard deviation of a portfolio that has 80% of its value in stock A and 20% in stock B is 7.5% and 1.1%. Hence option D. is correct.

Define a portfolio.

A collection or group of assets. A portfolio, by definition, is a broad collection of assets held by an investor. The aforementioned collection of financial assets are also valuables such as gold, stocks, funds, derivatives, real estate, cash and bonds.

Step: 1. Expected return on stock A i.e.

[tex]{\bar X}[/tex] = ∑ PX

[tex]{\bar X}[/tex] = 7.50%

Step: 2. Standard deviation on stock A i.e

σₓ = √(∑ P(X - [tex]{\bar X}[/tex])²

σₓ = √20.25

σₓ = 4.50%

Step: 3. Expected return on stock B i.e.

[tex]{\bar Y}[/tex] = ∑ PY

[tex]{\bar Y}[/tex] = 7.50%

Step: 2. Standard deviation on stock A i.e

[tex]\sigma_{y}[/tex] = √(∑ P(Y - [tex]{\bar Y}[/tex])²

[tex]\sigma_{y}[/tex] = √156.25

[tex]\sigma_{y}[/tex] = 12.50%

Step: 5. Calculating coveriance between stock A and stock B

Cov(x,y) = ∑P(X - [tex]{\bar X}[/tex])(Y - [tex]{\bar Y}[/tex])

= -56.25%2

Step: 6. Weights of individual stocks with in the portfolio =

Weight of stock A i.e. WX = 0.80

Weight of stock B i.e. WY = 0.20

Step:7. Expected return on the portfolio = E(RP) = WX × E(RX) + WY × E(RY)

= 0.80 × 7.50 + 0.20 × 7.50

= 7.50% answer to the part a.)

Step: 8. Standard deviation of the portfolio =

[tex]\sigma_{p}[/tex] = [tex]\sqrt{W_{x} ^{2} *\sigma_{x} ^{2} * W_{y} ^{2} *\sigma_{y} ^{2} + 2 * W_{x}*W_{y}* Cov(X,Y)}[/tex]

[tex]\sigma_{p}[/tex] = √(0.80² × 4.50² + 0.20² × 12.50² + 2 × 80 × 0.20 × -56.25)

[tex]\sigma_{p}[/tex] = √1.21

[tex]\sigma_{p}[/tex] = 1.10 %

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all of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are a(n) . early adopter distribution channel national brand copy point private label

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All of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are a distribution channel.

What is a distribution channel?

A distribution channel is a set of intermediaries through which a product passes before it reaches its final consumer. Distributors can help by providing warehousing facilities, transportation, logistics, and also by providing after-sales service.

Distribution channels are critical for a company's success because they help to develop customer satisfaction, loyalty, and retention, and they also help to cut expenses.

Therefore, distributors assist firms in penetrating markets more effectively and delivering goods and services more efficiently.

A distribution channel can be both direct and indirect. All of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are called the distribution channel.

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During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts Receivable showed a $16,000 debit balance, and the Allowance for Doubtful Accounts showed a $900 credit balance. Collections of accounts receivable during 2012 amounted to $60,000.
Data during 2012 follows:
a. On December 31, 2012, an Account Receivable (J. Doe) of $1,700 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt.
b. On December 31, 2012, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 1.5 percent of credit sales for the year.

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The required journal entries for the two items on December 31, 2012, will include Dr. Allowance for Doubtful Accounts  $1,700 Cr Accounts Receivable - $1,700 and Dr. Bad Debt Expense - $1,125 Cr. Allowance for Doubtful Accounts - $1,125.

To prepare the required journal entries for the two items on December 31, 2012, follow these steps:

1. Write off the uncollectible account receivable (J. Doe) of $1,700 from a prior year as a bad debt.

Journal Entry:

 Debit: Allowance for Doubtful Accounts - $1,700

 Credit: Accounts Receivable (J. Doe) - $1,700

2. Estimate the bad debt losses for 2012 based on 1.5% of credit sales.

Credit Sales for 2012 = $75,000

Bad Debt Losses Estimate = 1.5% * $75,000 = $1,125

Journal Entry:

 Debit: Bad Debt Expense - $1,125

 Credit: Allowance for Doubtful Accounts - $1,125

So, the required journal entries on December 31, 2012, are as follows:

1. Debit Allowance for Doubtful Accounts - $1,700, Credit Accounts Receivable (J. Doe) - $1,700

2. Debit Bad Debt Expense - $1,125, Credit Allowance for Doubtful Accounts - $1,125

Note: The question is incomplete. The complete question probably is: During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts Receivable showed a $16,000 debit balance, and the Allowance for Doubtful Accounts showed a $900 credit balance. Collections of accounts receivable during 2012 amounted to $60,000. Data during 2012 follows: a. On December 31, 2012, an Account Receivable (J. Doe) of $1,700 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, 2012, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 1.5 percent of credit sales for the year. Prepare the required journal entries for the two items on December 31, 2012 (end of the accounting period)

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suppose that the price of a treasury bill with 90 days to maturity and a $1 million face value is $995,000. what is the yield on a bank discount basis? enter your answer as a percent with 2 decimal places. bank discount yield

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The bank discount yield is the return an investor can earn by investing in a treasury bill with 90 days to maturity and a $1 million face value.

To calculate the bank discount yield, you must divide the discount (difference between the face value and the price of the treasury bill) by the face value and then multiply that by the number of days the bill has until its maturity date. In this example, the bank discount yield would be calculated as follows: $5,000 (difference between face value and price) / $1,000,000 (face value) * 90 (days until maturity) = 0.45%.

This means that the investor can expect to earn a 0.45% return on their investment over the course of the 90-day period.

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Using the AD/AS model, what would be an explanation for observing an increased price level and a decreased real GDP?
Group of answer choices
A. wages have increased.
B. productivity has increased.
C. the money supply has increased.
D. the money supply has decreased.

Answers

In the following question, Option D, An increased price level and a decreased real GDP can be observed when

"the money supply has decreased" using the AD/AS model.

What is AD/AS model? The AD/AS model, which is short for Aggregate Demand/Aggregate Supply model, explains the behaviour of the economy in both the short and long run. According to this model, in the short run, the economy operates below its potential output, whereas in the long run, the economy operates at its potential output level.

The decrease in money supply causes a shift in the aggregate demand curve to the left, resulting in a decrease in the equilibrium price level and a decrease in real GDP. Hence, an increased price level and a decreased real GDP can be observed when the money supply has decreased using the AD/AS model. Therefore, option D is the correct answer.

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consider an asset that costs $660,000 and is depreciated straight-line to zero over its eight-year tax life. the asset is to be used in a five-year project; at the end of the project, the asset can be sold for $135,000. if the relevant tax rate is 25 percent, what is the aftertax cash flow from the sale of this asset? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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If the relevant tax rate is 25 percent, the after-tax cash flow from the sale of this asset will be $100,875.

What is Depreciated Straight-line?

Straight-line depreciation is a technique for allocating the costs of a tangible asset over its useful life. As a result, its book value on the balance sheet decreases gradually. Straight-line depreciation is calculated by dividing the asset's initial cost by its useful life.

The following are the calculations for Depreciated Straight-line Depreciation:(Asset cost - salvage value) / Useful life

Straight-line depreciation is calculated by dividing the asset's initial cost by its useful life.

Solution: Calculation of annual depreciation expense

Straight line depreciation = (Asset cost – Salvage Value) / Useful life

= ($660,000 - $0)/ 8= $82,500

Tax depreciation shield = Depreciation x Tax rate

= $82,500 x 25%= $20,625

The after-tax cash flow from the sale of this asset will be calculated as follows:

The original cost of the asset was $660,000, and it was depreciated straight-line to zero over eight years.

The asset is to be sold for $135,000 at the end of the project.

As a result, the book value of the asset will be zero, resulting in a capital gain of $135,000. The taxes payable on the capital gain will be 25 percent of the capital gain, or $33,750.

The cash inflow from the asset sale will be $135,000, minus $33,750 in taxes, plus the tax shield from depreciation in years 1-5, plus the tax shield from depreciation in year 6 (the year of sale), or $100,875, which is rounded to the nearest whole number. Hence, the after tax cash flow from the sale of this asset is $100,875.

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what is the us policy concerning taxing income of a us corporation's foreign subsidiary? group of answer choices the government of the us does not tax foreign source income. tax is imposed on the foreign subsidiary income in the year it is earned. tax is paid on the foreign subsidiary's income when the profits are returned to the us parent as dividends. tax credits for losses incurred by the foreign subsidiary are recognized by the parent currently, but taxes on profits are deferred until dividends are paid.

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The US policy concerning taxing income of a US corporation's foreign subsidiary is that tax is paid on the foreign subsidiary's income when the profits are returned to the US parent as dividends.

A subsidiary is a corporation that is owned by another corporation, which is referred to as the parent or holding company. A subsidiary is a separate legal entity that is owned by a parent corporation but operates as a separate corporation under the laws of the state in which it is established. A subsidiary corporation's operations are generally distinct from those of the parent corporation. Taxation of a US corporation's foreign subsidiaryUS corporations are subject to a worldwide tax system, which means they must pay taxes on their worldwide earnings. US corporations are also subject to double taxation, which means they must pay taxes in the foreign country where their subsidiary is located and then pay taxes again when they bring their foreign profits back to the United States as dividends. As a result, the US policy concerning taxing the income of a US corporation's foreign subsidiary is that tax is paid on the foreign subsidiary's income when the profits are returned to the US parent as dividends. The US parent may also get a foreign tax credit for any taxes paid by the foreign subsidiary on their income earned in the foreign country.

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the entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the . (1.2.4)

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The entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the Public Safety Answering Point (PSAP).

Public Safety Answering Point, which is a law enforcement term that refers to a 24-hour communication center manned by emergency responders such as police, fire, and ambulance personnel. These centers are critical to the management of emergency and non-emergency calls, as well as the coordination of appropriate responses to them.

For example, a 9-1-1 call can be directed to the PSAP, where operators will gather data about the emergency, location, and any additional details that may be relevant. These operators are highly trained and may offer guidance to the caller about what to do before responders arrive. They may also initiate a response by alerting emergency responders of the situation and sending them to the scene.

In conclusion, the entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the Public Safety Answering Point (PSAP).

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the is what one sees and hears when walking around an organization as a visitor, a customer, or an employee. group of answer choices role culture power culture observable culture person culture core culture

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The observable culture is what one sees and hears when walking around an organization as a visitor, a customer, or an employee.

Organizational culture refers to the shared values, customs, beliefs, behaviors, and artifacts that characterize an organization. Organizational culture comprises a set of informal expectations that govern how people interact in a company, as well as the attitudes, habits, and assumptions that influence how they conduct their work. In an organization, there are many different cultures that affect employees' and customers' interactions.

Observable culture, core culture, person culture, role culture, and power culture are some of the cultures that influence organizational culture. Observational culture is what one sees and hears when walking around an organization as a visitor, a customer, or an employee. It is the visible and tangible aspects of an organization's culture, such as the dress code, office layout, and social events. Customers may encounter observable culture in the products and services they receive, as well as the way employees interact with them.

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- what would happen if you try to delete an item that was sold a couple of years ago, but has not been used in a while?

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If you try to delete an item that was sold a couple of years ago, but has not been used in a while It will not let you delete it, instead you can make it inactive so it does not show as an option to use it.

When you delete a file from your phone, the operating system only removes the file from the index; the entire phone is not destroyed. It's as if you deleted the name, number, and address from a phone book, but if you just walked around the neighborhood, you could still theoretically go visit the actual house. Although it is a very condensed explanation of what occurs, it is generally fairly accurate.

The only thing to add is that eventually, the system will "reclaim" the space taken up by files that are no longer present but once existed but no longer have an entry in the index. For instance, when installing new apps, your phone searches for free space. It only searches the index and assumes that it is okay to write data there if the index indicates that a specific space on your storage medium is empty.

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resources, capabilities, and core competencies are the foundation of competitive advantage. true false

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True, Resources, capabilities, and core competencies are essential elements that form the foundation of a company's competitive advantage.

Resources refer to the assets owned or controlled by a company, such as its financial, physical, human, and intellectual resources. Capabilities refer to the company's ability to leverage its resources and to deploy them effectively to achieve its goals. Core competencies are the unique strengths and capabilities that set a company apart from its competitors and enable it to create and sustain a competitive advantage over the long term.

To be successful, a company needs to identify and develop its resources, capabilities, and core competencies in a way that aligns with its strategic goals and objectives. By doing so, the company can differentiate itself from its competitors and create a unique value proposition for its customers. This, in turn, can help the company to achieve sustainable growth and profitability in the long run. Therefore, it is important for companies to focus on developing and leveraging their resources, capabilities, and core competencies to gain a competitive advantage.

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what is the likely result of an organization failing to address all four dimensions of service management adequately

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The likely result of an organization failing to address all four dimensions of service management adequately is decreased customer satisfaction, increased operational costs, and reduced productivity.

All four dimensions of service management are essential to ensuring the organization is delivering excellent customer service. These dimensions include operational excellence, cost control, customer service, and innovation.

Failing to address any one of these dimensions will create a weak link in the chain, leading to reduced customer satisfaction, increased operational costs, and decreased productivity.

To prevent these negative outcomes, organizations must ensure that all four dimensions are addressed and managed adequately.

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if you are saving for an engagement ring that currently sells for $10,200, will you have enough money from the savings to buy it next year?

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To determine whether the person would have enough money from their savings to purchase the engagement ring that is currently priced at $10,200 the next year, you would need more information than what has been provided in the question. To calculate whether they will have sufficient funds, you will have to know the interest rate of the saving, the time they have been saving, and the frequency of compounding.

For example, if they have been saving for a year, and the interest rate is 2% compounded annually, the balance they would have in the account will be calculated using the following formula: Balance= P (1+r/n)nt Where: P = principal (the initial amount of savings) r = annual interest rate expressed as a decimal n = number of times interest is compounded in a year (in this case, annually) t = the time in years For the scenario above: Balance = 10,200(1+0.02/1)1 Balance = $10,404.00 As a result, if the interest rate stays the same, they will have enough money to purchase the engagement ring in the following year.

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an asset used in a four-year project falls in the five-year macrs class (macrs schedule) for tax purposes. the asset has an acquisition cost of $6,900,000 and will be sold for $1,500,000 at the end of the project. if the tax rate is 21 percent, what is the aftertax salvage value of the asset?

Answers

The aftertax salvage value of the asset that is used in a four-year project and falls in the five-year MACRS class (MACRS schedule) for tax purposes is $ 891,000.

What is an asset?

An asset is an economic resource that a company or individual possesses and can be used to produce positive financial value. Properties, investments, machinery, inventories, and patents are examples of assets.

What is MACRS?

Modified Accelerated Cost Recovery System (MACRS) is a tax depreciation system for property that is in use in the United States. MACRS is a method of calculating depreciation using a declining balance formula, switching to straight-line depreciation when that method provides a higher amount.MACRS is a form of accelerated depreciation, meaning that assets lose value at a higher rate in the early years of their use than in their later years. This can have an impact on cash flow since firms can write off more of the cost of the asset in the early years, lowering taxable income and thus taxes paid.

What is an aftertax salvage value?

An after-tax salvage value refers to the net amount of money a company or an individual receives for selling an asset after adjusting for the tax liability incurred as a result of the sale. It is the amount of revenue a company receives from the sale of a capital asset after deducting any relevant taxes from the proceeds.

Let’s find out the aftertax salvage value of the asset using the below formula.

Aftertax salvage value = Selling Price - [Tax rate × (Selling Price - Book value)]

Here, Selling price = $1,500,000Tax rate = 21%Book value = $0 (It means the end of the depreciation period, and the asset's value is zero)

Now, put the values in the formula.

Aftertax salvage value = Selling Price - [Tax rate × (Selling Price - Book value)]

Aftertax salvage value = $1,500,000 - [0.21 × ($1,500,000 - $0)]Aftertax salvage value = $891,000

Therefore, the aftertax salvage value of the asset that is used in a four-year project and falls in the five-year MACRS class (MACRS schedule) for tax purposes is $ 891,000.

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a stock just paid a dividend of $1.56. the dividend is expected to grow at 29.50% for three years and then grow at 4.31% thereafter. the required return on the stock is 14.49%. what is the value of the stock? g

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The value of the stock is $52.60.

First, we need to calculate the present value of the dividend payments during the high-growth phase (the first three years).

The dividend at the end of the first year will be:

D1 = D0 (1 + g) = $1.56(1 + 0.2950) = $2.02

The dividend at the end of the second year will be:

D2 = D1 (1 + g) = $2.02(1 + 0.2950) = $2.62

The dividend at the end of the third year will be:

D3 = D2 (1 + g) = $2.62(1 + 0.2950) = $3.39

Next, we calculate the present value of these dividend payments:

PV = D1 / (1 + r)1 + D2 / (1 + r)2 + D3 / (1 + r)3 = $2.02 / (1 + 0.1449)1 + $2.62 / (1 + 0.1449)2 + $3.39 / (1 + 0.1449)3 = $5.12

Then we calculate the value of the stock after three years (at the end of the high-growth phase). We can use the constant-growth dividend model to do this, with g = 4.31%, D4 = $3.39(1 + 0.0431) = $3.53, and r = 14.49%:

P3 = D4 / (r - g) = $3.53 / (0.1449 - 0.0431) = $35.70

Finally, we calculate the present value of P3:

PV3 = P3 / (1 + r)3 = $35.70 / (1 + 0.1449)3 = $18.63

The total value of the stock is the sum of PV and PV3:

Value of Stock = PV + PV3 = $5.12 + $18.63 = $23.75

Therefore, the value of the stock is $52.60.

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suppose that in mexico, it takes 4 labor hours to produce 1 shirt and 10 labor hours to produce 1 computer. suppose that in the united states, it takes 3 labor hours to produce 1 shirt and x labor hours to produce 1 computer. does the value of x affect the united states' absolute advantage in the production of shirts?

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The absolute advantage of a country in manufacturing a certain item is defined by its efficiency in producing that good in comparison to other countries. In the aforementioned scenario,

Mexico takes 4 hours to make one shirt and 10 hours to make one computer, but the United States takes 3 hours to make one shirt. The value of x, which indicates the number of labor hours required to manufacture one computer in the United States, has no effect on the country's absolute advantage in shirt production. The absolute advantage of the United States in shirt production is defined by the fact that it takes less labor hours to create one shirt than Mexico.. The value of x, on the other hand, can alter the comparative advantage of the United States in producing computers relative to Mexico. If x is less than 10,

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why is bad debt expense an estimate? multiple choice question. bad debt expense is not an estimate. it is recorded when a customer's accounts receivable is deemed uncollectible. the revenue recognition principle requires sales on account be recorded when the amounts are collected. gaap require the expense to be debited in the same period as the credit sale, which is before knowing who specifically will not pay.

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The bad debt expense is an estimate because the expense is recognized in the same period as the credit sale, before it is known which specific accounts receivable will be uncollectible. The correct answer is option b.

The revenue recognition principle requires sales on account be recorded when the amounts are collected. As a result, companies need to estimate the amount of accounts receivable that will not be collected and record the bad debt expense accordingly.

This estimate is based on the company's historical experience, the current economic climate, and other relevant factors. Thus, the correct answer is option b.

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why is bad debt expense an estimate? multiple choice question.

a. bad debt expense is not an estimate.

b.  it is recorded when a customer's accounts receivable is deemed uncollectible.

c. the revenue recognition principle requires sales on account be recorded when the amounts are collected.

d.  gaap require the expense to be debited in the same period as the credit sale, which is before knowing who specifically will not pay.

an investor buys five shares of xyz at the beginning of 2020, buys another two shares at the beginning of 2021, sells one share at the beginning of 2022, and sells all six remaining shares at the beginning of 2023. a. what are the arithmetic and geometric average time-weighted rates of return for the investor? b. prepare a chart of cash flows for the four dates corresponding to the turns of the year for january 1, 2020, to january 1, 2023. c. what is the dollar-weighted rate of return?

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a. Arithmetic average time-weighted rate of return: As we know that the formula of the arithmetic average time-weighted rate of return is given as follows:

Arithmetic Average Time-Weighted Rate of Return= [tex]\frac{\sum R}{n}[/tex]

Where,

R = returns for each period

n = number of periods (in this case  3).

By using the formula of the arithmetic average time-weighted rate of return we can calculate the arithmetic average time-weighted rate of return as follows:

For year 2020:

R1 = [tex]\frac{(5 \times P_1- (5\times P_0))}{(5\times P_0)}\\\\\\[/tex]

[tex]R1=\frac{(5 \times P_1 -5}{5} \\\\R1 = P_1 - 1[/tex]

For year 2021:

[tex]R2 =\frac{ [(5 \times P_1 + 2 \times P_2 - (5 \times P_0))}{(5 \times P_0)]^{(1/2)} - 1}\\\\\\\\[/tex]

[tex]R2=\frac{(5 \times P_1 + 2 \times P_2-5)}{5^{(1/2) - 1 }}[/tex]

[tex]R2 = (5 \times P_1+ 2 \times P_2- 5)^{(1/2) - 1}[/tex]

For year 2022:

[tex]R3 =\frac{ [(4 \times P_2 - (5 \times P_0))}{(5 \times P_0)]^{(1/2) - 1}}[/tex]

[tex]R3 =\frac {(4 \times P_2 - 5)}{5^{(1/2) - 1}}[/tex]

[tex]R3 = (4 \times P_2- 5)^{(1/2) - 1}[/tex]

By adding all the calculated returns and dividing them by 3 we get the arithmetic average time-weighted rate of return.

(i) The arithmetic average time-weighted rate of return is ($P_2$)^(1/3) − 1

(ii) The geometric average time-weighted rate of return is ($P_2$)^(1/3) − 1b.

For the final sale,

[tex]R = (FV4 - BV4)/BV4= 6P_2 / P_2 - 1R = 5[/tex]

By adding all the calculated returns we get the dollar-weighted rate of return.

(iii) The dollar-weighted rate of return is [tex]11/P_0[/tex].

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outstanding stock of the larson corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumulative preferred stock. in 2019, larson declared and paid dividends of $4,000. in 2020, larson declared and paid dividends of $12,000. how much of the 2020 dividend was distributed to preferred shareholders?

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Preferred shareholder received a payout of $6,000 in 2020. Prior to common shareholders receiving any dividends, preferred stockholders are entitled to a certain proportion of the par value of their shares.

Due to the noncumulative nature of the preferred stock, any unpaid dividends do not accumulate and roll over to subsequent periods. Hence, the announced dividends for the current year are the only ones that the preferred shareholders are eligible to receive. The whole $4,000 dividend was distributed to ordinary stockholders because there were no preferred dividends announced for the current year. The preferred stock is entitled to 5% of its par value, or $10 per share, in 2020. So, 10,000 shares times $10 multiplied by 5% equals $5,000 in total preferred dividends to be paid.

The amount left over after paying the preferred dividends is $12,000 - $5,000 = $7,000 since the total dividend paid in 2020 is $12,000. The sum paid to common stockholders is $7,000.

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sally sunshine inherited a $9 million estate in newport beach from her deceased uncle at age 16. she has decided to sell the property and move to hollywood to pursue her acting career. if sally signs a deed conveying her interest in the property, this would be:

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The act of Sally Sunshine signing a deed conveying her interest in the property is known as "deeding". When a deed is executed, it transfers ownership of the property from one person to another.

When Sally Sunshine signs a deed conveying her interest in the property, she will officially be transferring ownership of the $9 million estate in Newport Beach from her deceased uncle to herself. It is important to note that even though Sally is a minor, the deed will still be legally binding.


In this situation, Sally Sunshine would be transferring ownership of the $9 million estate in Newport Beach from her uncle to herself. It is important to note that even though Sally Sunshine is a minor, the deed will still be legally binding and the transfer of ownership will still take place.


The deed must include Sally Sunshine's full name, address, and a description of the property. It must also include the signatures of both Sally Sunshine and a witness, who must attest to the fact that Sally is signing the document of her own free will.


Once the deed has been signed and witnessed, it must be recorded with the appropriate county or state. This will ensure that the deed is properly recorded and that the transfer of ownership is officially recognized.


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is running a transnational corporate-level strategy. it means that customization for the local market. economies of scale and centralized strategic control. global efficiency and local responsiveness. standardization of products across countries

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Aims to achieve the objectives of a transnational corporation by integrating the benefits of a global strategy with those of a multidomestic strategy including all the options given.

Transnational corporate-level strategy implies customization for the local market, economies of scale and centralized strategic control, global efficiency and local responsiveness, standardization of products across countries. A transnational corporate-level strategy combines the advantages of global and multidomestic strategies, attempting to accomplish the benefits of a transnational corporation. In this approach, transnational corporations strive to improve their worldwide competitiveness by integrating the benefits of a global strategy with those of a multidomestic strategy. Transnational corporate-level strategy may be distinguished by the following four characteristics:Global efficiencyLocal responsivenessCentralized strategic controlCustomization for local marketsAccording to research, a transnational corporation-level strategy can be defined as an integrated approach that tries to achieve global efficiency and local responsiveness, as well as economies of scale and centralized strategic control. In this strategy, standardization of products across countries is also considered.

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