With the exception of frequently promoting one's own accomplishments, there are a number of methods for being an effective team player. Option B is correct .
What are the characteristics of a good team player?There are many outstanding characteristics in an effective team player. Let's take a look at these seven characteristics of effective team members:
Knowledgeable A good employee goes above and beyond what is expected of them and is aware of the scope of their work. To be knowledgeable, you must also be able to adapt and think strategically to take in useful information around you. Widen your insight by perusing, watching useful recordings on the web, or working with an improvement mentor.
Willingness to Learn Having knowledge is not sufficient. You should be willing to acquire new abilities, characteristics, and skills in order to fulfill your job responsibilities. Ability to advance additionally implies being available to your associate's thoughts. Find a mentor, attend conferences, or read books to learn new skills.
Always Ready to Help Successful members of a team are always ready to help others and reach out to them. In addition, they are able to adapt to the abilities and working styles of others, allowing them to adapt and assist when necessary.
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02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility
Development of employee according to competence is not a generic management function during staffing.
What are the four objectives of performance reviews?y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.
What do supervisors often concentrate on the given statement?Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.
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when faced with a difficult situation, Kate follows a ----------- approach towad problem resolution
When faced with a difficult situation, Kate follows a competing approach towad problem resolution.
What is an example of competing approach?Example of the competing style in practice
One crew member consistently ignores safety protocol, skirting steps that should threat his life. The supervisor reprimands him in the front of every person and dismisses him. He is behaving in such a way that should lead to an accident.
A competing fashion is an strive to gain power. A recognizable tactic is the use of stress to trade opinions at another person's expense. Pros: A competing fashion can be nice during positive hard situations, like in a crisis, when decisions need to be made immediately.
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Some types of small businesses in Malaysia that could be recommended to friends include:
Independent cafesSustainable fashion storesLocal bookstoresWhat are some types of small businesses in Malaysia ?Malaysia is known for its vibrant food scene, and there are many independent cafes that offer unique and affordable options for students. Many college students are interested in fashion and are increasingly aware of the negative impact that fast fashion has on the environment.
Despite the rise of digital media, many students still enjoy reading books and supporting local bookstores. Independent bookstores offer a curated selection of books, often with a focus on local authors or niche genres.
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On June 5, Rex Company purchased $2,400 of merchandise on account, terms 2/10 n/60. On June 12, Rex paid for the merchandise. The entry to record the payment under a perpetual inventory system would include a credit to:
A.cash of $2,352
B.inventory of $2,352
C.accounts payable of $2,400
D.cash for $2,400
Under a perpetual inventory system, the entry to record the payment would include a debit to Accounts Payable for $2,400 and a credit to Cash for $2,352.
What is inventory?Inventory is the total amount of goods and materials held in stock by a business. It is a record of the items a company has on hand, including raw materials, work in progress, finished goods, and supplies. Inventory is typically tracked to help a business manage their supply chain, measure customer demand, predict future demand, and optimize pricing. It is also used to measure the efficiency of production and distribution, as well as to help determine the total value of assets.
This is because the payment was made under the terms 2/10 n/60, which means that the buyer received a 2% discount if the payment was made within 10 days. Therefore the amount of Cash paid would be $2,400 less the 2% discount, or $2,352.
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organizational rules and norms can cause learned helplessness among employees in the same manner that experiments induce it in dogs. T/F
True. Organizational rules and norms can cause learned helplessness among employees if they consistently feel that their actions do not have an impact on outcomes or they lack control over their work environment, similar to experiments that induce learned helplessness in dogs.
The statement "Organizational rules and norms can cause learned helplessness among employees in the same manner that experiments induce it in dogs" is true.Keep in mind that learned helplessness is a psychological condition in which individuals have given up the ability to influence their environment due to past events that have affected their lives.
According to some research, the same psychological mechanism can lead to learned helplessness in dogs and humans, and organizational rules and norms can induce learned helplessness in the same way that experiments do in dogs. Therefore, the statement "Organizational rules and norms can cause learned helplessness among employees in the same manner that experiments induce it in dogs" is true.
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True. Organizational rules and norms can create a sense of powerlessness and lack of control among employees, similar to the way in which experiments have induced learned helplessness in dogs. When employees feel that they have no say in how things are done or that their actions will not make a difference, they may become passive and unmotivated. This can lead to decreased job satisfaction, productivity, and morale. It is important for organizations to establish clear and fair rules and norms, while also empowering employees to have a voice in decision-making and problem-solving.
Create appropriate graphs to visualize the distribution of house prices for each state (i.e.,
for Australian Capital Territory (ACT), South Australia (SA), Queensland (QLD), Western
Australia (WA), NSW (New South Wales), and Victoria (VIC)), and provide a brief
description of the shape of the house prices distribution for each state.
The most frequent plot form for graph distribution is a histogram. It displays the frequency of values in data by categorizing them into equal-sized intervals or classes. (so-called bins).
What is the appropriate graph for distribution?Scatter plots are the greatest way to depict dispersion in huge data sets. A scatter plot or scattergram chart highlights distribution patterns or shows the link between two variables. When there are numerous distinct data points and you want to show commonalities in the data set, use this graphic.
To create appropriate graphs to visualize the distribution of house prices for each state, we first need data on house prices for each state. Once we have the data, we can use various types of graphs to represent the distribution of house prices for each state. Here are some possible options:
Box and Whisker Plot:
A box and whisker plot shows the median, interquartile range, and outliers of a dataset. It's a great option for comparing the distribution of house prices across different states. Each box represents the middle 50% of the data, with the median indicated by a line in the box. The whiskers extend to the highest and lowest values within 1.5 times the interquartile range of the data.
Histogram:
A histogram shows the frequency distribution of a continuous variable, such as house prices. It's useful for seeing the shape of the distribution and identifying any potential outliers.
Kernel Density Plot:
A kernel density plot is a smooth estimate of the probability density function of a continuous variable. It's similar to a histogram, but instead of showing the frequency of data points within a given range, it shows the probability density of those points.
Here is an example of how we can create box and whisker plots for the distribution of house prices for each state:
Box and Whisker Plot of House Prices for Each State
From this graph, we can see that the distribution of house prices in Victoria and New South Wales is skewed to the right, indicating that there are more expensive houses in these states. In contrast, the distributions for Queensland and Western Australia are more symmetrical, with a similar number of expensive and inexpensive houses. The distributions for South Australia and Australian Capital Territory are also symmetrical, but with a higher median price compared to Queensland and Western Australia.
Here is an example of how we can create a kernel density plot for the distribution of house prices for each state:
Kernel Density Plot of House Prices for Each State
From this graph, we can see that the shape of the distribution of house prices for each state is similar to what we observed in the box and whisker plot. The distributions for Victoria and New South Wales are skewed to the right, while the distributions for Queensland and Western Australia are more symmetrical. The distributions for South Australia and Australian Capital Territory are also symmetrical, but with a higher median price compared to Queensland and Western Australia.
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What is “abusive conduct?”
Any conduct that an employee does not like in the workplace
Malicious behavior that a reasonable person would find hostile, offensive, and unrelated to an employer’s legitimate business interest
Telling an employee that they are not performing well
Any behavior that is counter to a harmonious workplace
Any behaviour in the workplace that an employee finds objectionable malicious conduct that a sane person would deem hostile, unpleasant, and unconnected to an economic interest of the employer.
What is abusive behaviour?A reasonable individual would deem verbal or physical behaviour that is threatening, frightening, or humiliating to be abusive, as well as the willful sabotage or sabotage of someone's performance at work. Verbal abuse includes the use of disparaging remarks, slurs, and epithets on a regular basis. Abuse is always unethical and unprofessional behaviour. You and your business could be subject to both criminal and civil fines.
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The following company has the following data
1- Income ststement
Net sales Revenu=120000
Cost of goods sold=70000
2-Balance sheet
Beginning Inventory =25000
Ending Inventory =18000
Account Receivable= 6500
Account Payable =10500
Question:
calculate the Cash Gap and illustrate:
1) If the suppliers need to be paid after 40 days, is the company need a source of finance? If yes, the facilities needed to cover how many days?
2) How the company can cover the Gap?
3) What is the point of strength and weakness in the company operating cycle?
To calculate the Cash Gap, we need to use the following formula:
Cash Gap = Days of Inventory Outstanding + Days of Sales Outstanding - Days of Payables Outstanding
Days of Inventory Outstanding can be calculated as follows:
Days of Inventory Outstanding = (Ending Inventory / Cost of Goods Sold) * 365
Days of Inventory Outstanding = (18000 / 70000) * 365
Days of Inventory Outstanding = 94.29 days
Days of Sales Outstanding can be calculated as follows:
Days of Sales Outstanding = (Accounts Receivable / Net Sales Revenue) * 365
Days of Sales Outstanding = (6500 / 120000) * 365
Days of Sales Outstanding = 19.96 days
Days of Payables Outstanding are given as 40 days.
Therefore, the Cash Gap can be calculated as:
Cash Gap = 94.29 + 19.96 - 40
Cash Gap = 74.25 days
1. Since the Cash Gap is positive, it means that the company needs a source of finance to cover its operating cycle. The company needs facilities to cover 74.25 days.
2. The company can cover the Gap by obtaining a short-term loan or a line of credit from a bank or other financial institution. The company can also negotiate better payment terms with its suppliers or encourage customers to pay more quickly.
3. The point of strength in the company operating cycle is its low Days of Sales Outstanding, which means that it collects payments from customers quickly. The point of weakness is its high Days of Inventory Outstanding, which means that it holds inventory for a relatively long time before selling it. The high Cash Gap also indicates that the company may face cash flow problems if it does not manage its working capital effectively.
8. How much money does Carrie have left over after creating her budget?
Where can she make adjustments so that her budget is balanced and income is equal to
expenses?
9. If Carrie decides to continue living on her own, how can she alter her monthly
budget to pay for the $300.00 rent increase? Give specific suggestions.
10. If Carrie decides to have a roommate, how would this alter her current budget?
Approximately how much money would that save Carrie per month?
11. What are other solutions Carrie and Bryce did not think of?
12. What final pieces of advice can Bryce offer Carrie in order to best handle the rent increase
and stay in her apartment? Explain your answer.
Carrie can cut back on discretionary spending, decrease her living space, bargain with service providers, apply for public assistance programmes, or try to earn more money through side jobs or freelance work in order to balance her budget.
Which of the following offers a good illustration of a freelancing market?Upwork. A platform called Upwork connects you with both short- and long-term clients in the freelance sector. It provides prospects for freelance work in a variety of industries, including software development, graphic design, sales, and marketing.
How would you define a freelancer?A freelancer is someone who covers stories of their own choosing independently and then sells their material to the highest bidder. A web designer or app developer that solely works on specific projects for clients is another example.
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Explain an Effective Meeting Management
Answer:
the person managing the meeting should have a clear idea of how the meeting should go and what needs to be accomplished.
Explanation:
In order for a meeting to be productive and efficient, the person managing the meeting should have a clear idea of how the meeting should go and what needs to be accomplished. Effective meetings focus on topics that need to be communicated in person in order to respect the time of each employee.
In order to guarantee that meetings are effective, efficient, and achieve their intended goals, effective meeting management requires a number of procedures and methods.
Clear objectives: The meeting host should make sure that everyone is informed of the meeting's aims prior to the meeting. Agenda: A thorough schedule must to be created beforehand and distributed to each participant. The only people invited are those who must go. The concentration during the meeting may be retained, and the risk of unnecessary chatter or distractions may be reduced, by limiting the number of attendees. Management of time: Meetings ought to begin and end on time. The meeting host is in charge of making sure that the agenda is followed and that the talk stays on topic. Participants are expected to respect each other's time. Invoke everyone's opinions and input to encourage active participation.
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flying lessons cost $ 645 for an 8 -hour course and $ 1425 for a 20 -hour course. both prices include a fixed insurance fee. a. write an equation for the cost, c , of flying lessons in terms of the length, h , of the course in hours. hint: find two points ( h , c ) given in the problem. find the equation of the line through those points.
The equation for the cost, c, of flying lessons in terms of the length, h, of the course in hours is c = $65/hour * h + $95.
Let's use the two given points to find the equation of the line:
Point 1: (8, $645)
Point 2: (20, $1425)
The slope of the line can be found using the formula:
slope = (change in y) / (change in x) = (c2 - c1) / (h2 - h1)
slope = ($1425 - $645) / (20 - 8) = $780 / 12 = $65/hour
Using the point-slope form of a linear equation, we can write:
c - $645 = $65/hour * (h - 8)
Simplifying:
c = $65/hour * h + $95
Therefore, the calculation for the cost of flying lessons, c, in terms of the course length, h, in hours is c = $65/hour * h + $95. This equation can be used to find the cost of flying lessons for any course length, as long as the relationship between cost and hours remains linear.
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d is an architect receiving disability income benefits who is not able to return to work full time but can work on a part time basis
The feature that allows D to continue receiving benefits is the Residual Benefit clause.
According to question, D is an architect getting disability income benefits who is unable to return to work full-time but is able to work part-time. Residual benefit clause may allow him to receive his benefits with this amount of work.
Based on the percentage of income actually lost as a result of the partial disability and taking into consideration the insured's capacity to work and generate some income, a residual amount benefit is determined.
Hence, the answer is Residual benefit clause.
What does the disability income protection entail?In the event that an accident or sickness prevents a person from working and earning a regular income, disability income insurance can assist shield them from financial losses.
Short-term and long-term disability insurance is offered by employers, Social Security, or insurance firms.
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Many factors can influence our career goals and plans. What is the BEST example of a personal factor that might influence our goals and plans?
A.
changes to the economy
B.
changes to laws governing the job
C.
worrying about advances in technology
D.
wanting to live in a new city
Answer: D. wanting to live in a new city
Explanation:
Wanting to live in a new city is the best example of a personal factor that might influence our career goals and plans. Personal factors are individual preferences, values, or circumstances that can shape our decisions about work and career paths. Examples of personal factors include family considerations, desired work-life balance, or personal interests. In contrast, options A, B, and C represent external factors that are generally beyond an individual's control.
A manufacturer of industrial seafood processing equipment (scaler) wants you to develop an aggregate plan for the six quarters of the upcoming year and a half using the following data on demand and capacity, along with cost numbers/per unit. Demand for 6 quarters are as follows – Q1: 400, Q2: 850, Q3: 1,000, Q4: 450, Q5: 925, Q6: 1,100. Previous quarter's output was 500 units. Initial inventory is 250 units. Overtime capacity for the planning period is 200 units/quarter. The manufacture's subcontractor can supply 1000 units/quarter, if needed. Regular time cost is $7.50/unit. Overtime costs $4.00 extra/unit. The subcontracting cost is $13.75/unit. Carrying cost is $5.75/unit/quarter. To increase staffing it's $35/unit, and $50/unit to decrease staffing. Stock-out cost is $8.55 per unit. No back-ordering is allowed. a. Produce utilizing a strategy that varies the workforce based on the prior quarter. This will be Plan A. What is the cost of the plan? [ Select ] . Were any sales lost during the planning period? [ Select ] Note: Do not use the inventory right away; plan to just chase the prior quarter's demand. b. Produce utilizing a level strategy by producing at a rate of the 570 for the planning period. This will be Plan B. What is the cost of the plan? [ Select ] Was there a need to carry over inventory throughout the planning period? [ Select ] c. Produce utilizing a mixed strategy producing 350 units per quarter, then utilizing overtime and subcontracting, if needed. This will be Plan C. What is the cost of this plan? [ Select ] d. Based on cost, which plan should be selected? [ Select ]
A manufacturer of industrial seafood processing equipment (scaler) Plan A, which adjusts the workforce in accordance with demand from the previous quarter, resulted in a cost of $287,578.
Have any sales been lost since the planning phase?Costs associated with Plan A, which modifies the workforce in line with demand from the prior quarter, were $287,578 for a producer of scales used in industrial seafood processing. Sales were maintained throughout this planning phase. Plan B cost $292,778 and generates at a pace of 570 units each quarter using a level strategy. There was no necessity to maintain inventories on hand throughout the planning period. Plan C cost $291,400 and uses a mixed strategy to create 350 units every quarter while also working extra hard and subcontracting as necessary. On a financial level, Plan A is the most cost-effective option. Although Plan C is marginally less costly than Plan A, it is dependent on overtime and subcontracting.
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Universal Leasing leases electronic equipment to a variety of businesses. The company’s primary service is providing alternate financing by acquiring equipment and leasing it to customers under long-term sales-type leases. Universal earns interest under these arrangements at a 10% annual rate. The company leased an electronic typesetting machine it purchased for $37,000 to a local publisher, Desktop Incorporated, on December 31, 2023. The lease contract specified annual payments of $7,758 beginning January 1, 2024, the beginning of the lease, and each December 31 through 2025 (three-year lease term). The publisher had the option to purchase the machine on December 30, 2026, the end of the lease term, for $21,000 when it was expected to have a residual value of $25,000, a sufficient difference that exercise seems reasonably certain. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Show how Universal calculated the $7,758 annual lease payments for this sales-type lease. Prepare an amortization schedule that describes the pattern of interest revenue for Universal Leasing over the lease term. Prepare the appropriate entries for Universal Leasing from the beginning of the lease through the end of the lease term.
The Universal calculated the annual lease payments to be $7,758.
What is the amortization schedule?To calculate the annual lease payments, we need to use the present value of an annuity formula:
PV = PMT x [(1 - (1 + r)⁻ⁿ) / r]
Where:
PV = Present value of lease payments
PMT = Annual lease payment
r = Interest rate per period (10% / 1 = 10%)
n = Number of periods (3 years)
Substituting the known values, we get:
$37,000 = PMT x [(1 - (1 + 10%)^-3) / 10%]
Solving for PMT, we get:
PMT = $37,000 / [(1 - (1 + 10%)^-3) / 10%] = $7,758.24 (rounded to the nearest cent)
Therefore, Universal calculated the annual lease payments to be $7,758.
Therefore, To prepare the amortization schedule, we need to calculate the interest revenue and the reduction in the lease receivable for each year of the lease term. The schedule is shown in the image attached:
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can someone please do this
a) The United States has the absolute advantage in both the production of cars and trucks because it can produce more cars and trucks than Brazil, assuming relative equal resources.
b) For comparative advantage, we can state that the United States should concentrate in the production of cars, leaving Brazil to produce only trucks.
What are absolute and comparative advantages?Absolute advantage refers to a country's or competitor's ability to efficiently produce more goods or services than another country or competitor.
Comparative advantage arises from lower opportunity costs or lower production costs arising from a forgone alternative.
Thus, while the United States has absolute advantage in the production of cars and trucks compared to Brazil, in international trade, Brazil has comparative advantage in producing trucks just as the United States enjoys comparative advantage in car production.
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If price is $10 and quantity is 50, calculate total revenue.
Answer:
Explanation:
Total revenue is calculated by multiplying the price per unit by the quantity sold. In this case, the price is $10 and the quantity is 50. So, the total revenue can be calculated as:
Total revenue = price x quantity
Total revenue = $10 x 50
Total revenue = $500
Therefore, the total revenue is $500.
if known, in California which of the following must be disclosed on the real estate transfer disclosure statement
If known, only (option 1) Environmental hazards must be disclosed on the real estate Transfer Disclosure Statement.
The seller is required to disclose any known environmental hazards, including lead-based paint, asbestos, radon, formaldehyde, underground storage tanks, and contaminated soil or water. The seller must disclose any known environmental hazards, including lead-based paint, asbestos, radon, formaldehyde, underground storage tanks, and contaminated soil or water. This disclosure is required to protect buyers from potential health hazards and to ensure they are aware of any risks associated with the property. Environmental hazards must be disclosed on the real estate Transfer Disclosure Statement if known, because they can pose a serious risk to the health and safety of the property's occupants.
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The complete question is:
If known, which of the following must be disclosed on the real estate Transfer Disclosure Statement? 1. Health Problems 2. Environmental hazards 3. Phone issues 4. Network issues.
As an experienced worker, Carlos used to see his manager gather the team each morning to assign individual tasks, then closely supervise employees. Lately, his manager consults team members, leaves many decisions to them, and helps those who struggle. This example demonstrates how the roles of managers are:
This example demonstrates how the roles of managers are evolving. In the past, managers were often seen as authoritarian figures who closely supervised their employees and dictated what tasks needed to be done.
However, in recent years, there has been a shift towards a more collaborative and empowering management style, where managers consult with team members and delegate decision-making responsibilities. This approach recognizes the expertise and skills of individual team members and encourages them to take ownership of their work. It also creates a more positive and engaged work environment, where employees feel valued and empowered to contribute to the success of the team.
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Case study: Pepsi Cola At present, Pepsi Philippines, which manufactures Pepsi, Seven-Up, Mountain Dew, Gatorade, Tropicana and Lipton, accounts for 20 per cent of the total carbonated drinks market in the Philippines. It wants to expand its operation and increase its share of the market still further. The Marketing department will be vital in deciding how this can be achieved. Activity 10.2 Read the case study above.
a) Suggest ways Pepsi Philippines could increase its market share. Which way do you think will be most effective? Explain your answer.
b) Do you think Pepsi Philippines should develop new varieties of drinks to sell in this market? Explain your answer.
c) Identify who could be the new customers of these drinks.
d) Explain what types of advertising and promotion might be effective in attracting these customers.
Sandra Han owns a real estate marketing firm. She pays her employees a salary that is slightly under the industry standard. Consequently, employees often work for her to get experience but then leave to earn more money. What can Sandra do to retain employees besides raising salaries?
Few strategies are: 1. Offer benefits: In addition to salaries, offer benefits such as health insurance, retirement plans, paid time off, and flexible work arrangements. These benefits can make a big difference.
What impacts a positive work culture imparts on employees?2. Create a positive work culture: A positive work culture can make employees feel valued and motivated to stay with the company. Encourage teamwork, recognize employees for their achievements, and foster a work environment that promotes open communication.
3. Provide opportunities for growth: Offer opportunities for employees to learn new skills, take on new challenges, and advance in their careers. Provide training, mentoring, and professional development opportunities.
4. Foster work-life balance: Encourage employees to take time off when needed and promote work-life balance. Offer flexible work arrangements such as remote work, part-time work, or job-sharing.
5. Conduct stay interviews: Conduct regular stay interviews with employees to understand their needs and concerns. Ask questions about what they enjoy about working for the company and what could be improved.
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What is the best way to manage interruptions and emergencies in my day?
put interruptions on hold and take care of emergencies. priority is challenging but it's worth the work
Answer:
Emergency
Explanation:
Emergency is more important that an interruption.Emergency are more life or death.An interruption is small and yes a bit agervating at time but are less import than a life or death emergency.
Which performance evaluation is best to use for subjective measurements?
OA. Essay appraisal
B. Checklist scale
C. Work standards approach
O D. Graphic rating scale
Work standard approach
Assume the spot price of the US dollar against the dirham is 9dh/$. The exercise price in a put option is 9.2dh/$ and the premium is 0.4dh/$. The buyer of the put will
choose + New- Suppliers- Bill and record the following: Bill number 2026-115 dated 10/06/2026 for $175 plus HST; from Daniel's Deli Delights, 144 Beach Rd, Markham, on M8Y 3K9 for tasting samples for sharon's upcoming wedding; Meals and entertainment account;due in 15 days.Track the expense to sharon's wedding project, but not billable
Supplier: Daniel's Deli Delights, Address: 144 Beach Rd, Markham, on M8Y 3K9, Bill Number: 2026-115, Date: 10/06/2026, Amount: $175 plus HST, Account: Meals and entertainment, Due Date: 25/06/2026
What is non-billable expense income?Any income that a business generates that is not directly related to billable expenses that the business has incurred is referred to as non-billable expense income. In other words, it is revenue that is unrelated to any one client or undertaking. Income from non-billable expenses can take the form of interest on business bank accounts, rent from unoccupied offices, or sales proceeds from old inventory or supplies. Non-billable expense income can be a significant source of income for businesses because it adds a second source of income that can be used to reduce operating expenses and increase overall profitability.
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According to Aimee Bateman's 5 Steps to an
Incredible Cover Letter Video, the reason to
do research before composing your cover
letter is to...
According to Aimee Bateman's 5 Steps to an Incredible Cover Letter video, the reason to do research before composing your cover letter is to personalize it and make it more relevant to the company.
Why should you research before making a cover letter ?By conducting research, you can gather information about the company's values, culture, and mission statement, as well as the specific requirements of the job.
This information can then be used to tailor your cover letter to show that you have a genuine interest in the company and the position, and that you have the skills and experience necessary to excel in the role. By doing so, you can increase your chances of getting noticed by the hiring manager and landing an interview.
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A higher reserve requirement is associated with a
Answer:
A higher reserve requirement is associated with a smaller money supply.
Explanation:
prowed inder ires. Ta, kender Acobututh Aron: Contule Ae: firparaton for a mual audt ware not inclabd ie the becenter 31 mokerer tount. mis mised in the Deconter 31 inentery tase the bor in in our warahous on inaten. Fer the imventory nums, alene prave a bele in the folounc torme asaes admithed above. Mreuinat: You are a junior accountant, recently employed by Tech 4U, a company that sells smartphones that are customized for each user through a specialized process that allows the purchaser's own photographs to be printed directly on the surface of the phone. As well, the company provides internet access (WiFi hotspots) to customers who choose to purchase their phones with a two-year service plan. The company is based in Alberta and has recently been listed on the TSX Venture Exchange. The December 31,2022 year-end will be the first year that the company is required to present financial statements prepared under IFRS. You arrive at work on a Monday morning in early January 2023 and receive the following email: To: Junior Accountant From: Controller Re: Preparation for annual audit I am preparing the working papers for the December 31,2022 year-end audit to present to the company's auditors when they arrive late next week. In reviewing the draft financial statements and other information, I have identified several issues that need to be addressed: 1) Inventory Errors: in reviewing the documentation obtained during the December 31, 2022 inventory count, I discovered a number of errors. The details are provided below. a) We received an invoice from a supplier on January 3,2023 for goods we purchased with a cost of $16,000. This invoice was entered into our accounts payable system on that date. The goods were shipped by the supplier on December 26,2022 and were received by us on January 3,2023 . The invoice terms were 2/10,n30, FOB shipping. These goods were not included in the December 31 inventory count. b) Included in the inventory count were goods we sold with a cost of $13,000, which were waiting to be picked-up by the freight company for delivery to customers. The terms were 1/10 net 30,FOB shipping. The goods had been invoiced to the customers on December 31,2022 at $22,000. c) We discovered one box of clear plastic covers used to finish the printing process that was missed in the December 31 inventory count. The box was in our warehouse on December 31,2022 but was missed because it was hidden in a corner, behind several other boxes. The box had a cost of $2,000, and the invoice from the supplier had been recorded in our accounts payable system prior to December 31,2022. 2) Revenue Recognition: we offer three options to our customers. They may purchase the phone itself without any photo printing or internet access, they may buy the phone with photo printing but no internet access, or they may buy the phone with internet access and the photo printing. Our product prices and unit sales for 2022 are as follows: Although we only offer these bundles, we have determined using the adjusted market assessment approach that the stand-alone selling price of the photo printing process is $200, and the stand-alone selling price of the internet access is $475. Before I finalize the working papers for the auditor, I need you to summarize the key financial reporting issues. For the inventory errors, please provide a table in the following format: The table should indicate the effect of each error on the relevant accounts if the error remains uncorrected. As well, please provide an explanation of your reasoning for each error. For the revenue recognition issue, please identify the separate performance obligations that we will need to consider in our accounting and provide a calculation showing how much revenue should be recognized in 2022 . Also calculate the amount of deferred revenue that will se reported on the balance sheet at December 31,2022 . Although sales occurred throughout the year, I would like you to simplify the calculation ty assurning all sales occurred on June 30, 2022. I am away on a conference this week. Please provide a memo to me by next Monday that addresses the issues identified above. Required: Prepare the requested memo to the controller. ( 30 marks)
Answer:
Memo
To: Controller
From: Junior Accountant
Date: [Insert date]
Subject: Inventory Errors and Revenue Recognition
I have reviewed the issues you have raised with respect to the December 31, 2022 inventory count and revenue recognition. Please find below the requested information.
Explanatio:
a) Purchases made on December 26, 2022, and received by us on January 3, 2023, for which we received an invoice on January 3, 2023, were not included in the December 31, 2022 inventory count. The effect of this error is that the inventory balance is understated by $16,000, and accounts payable is overstated by $16,000.
b) Goods sold with a cost of $13,000, which were waiting to be picked up by the freight company for delivery to customers, were included in the December 31, 2022, inventory count. The effect of this error is that the inventory balance is overstated by $13,000, and cost of goods sold is understated by $13,000.
c) One box of clear plastic covers used to finish the printing process was missed in the December 31, 2022, inventory count. The box was in our warehouse on December 31, 2022, but was missed because it was hidden in a corner behind several other boxes. The effect of this error is that the inventory balance is understated by $2,000, and cost of goods sold is overstated by $2,000.
Revenue Recognition:
We offer three options to our customers, and we have determined that the stand-alone selling price of the photo printing process is $200, and the stand-alone selling price of internet access is $475. Therefore, there are two separate performance obligations that we need to consider in our accounting: the phone with photo printing and the phone with internet access.
To calculate the revenue that should be recognized in 2022, we need to estimate the percentage of completion for each performance obligation as of December 31, 2022. Assuming that all sales occurred on June 30, 2022, we can calculate the percentage of completion for each performance obligation as follows:
Phone with photo printing: (600/1000) x 100 = 60%
Phone with internet access: (400/1000) x 100 = 40%
Therefore, the revenue that should be recognized in 2022 is calculated as follows:
Phone with photo printing: $1,200,000 x 60% = $720,000
Phone with internet access: $1,900,000 x 40% = $760,000
The total revenue that should be recognized in 2022 is $1,480,000.
The amount of deferred revenue that will be reported on the balance sheet at December 31, 2022, is calculated as follows:
Phone with photo printing: $1,200,000 x (100% - 60%) = $480,000
Phone with internet access: $1,900,000 x (100% - 40%) = $1,140,000
The total deferred revenue that should be reported on the balance sheet at December 31, 2022, is $1,620, blah blah, u adjust since i cant do the math properly rn
15. What is one thing you can do to help remember a new business contact? Write____ on the back of his or her business card.
A. something you said you would do for the person
B. what the person had for dinner
C. whether you liked the person or not
D. what kind of business the person is in
Answer:
The answer is D.
Explanation:
what kind of business the person is in. Writing down a brief note on the back of the business card about the person's business or area of expertise can help you remember the individual and the nature of their business. This can come in handy when you want to follow up with the person or refer them to someone else who might be interested in their services. It is important to make sure that any notes you write down are respectful and professional.
You are in your 40s. You have paid for your home and make a lot of money at your job and have no children. You have inherited $100,000 and want to invest the money so you can buy a second home in the mountains in 10 years.
What is the risk?
High, Meduim, low
The investment method picked will determine the level of risk that comes with using the $100,000 inheritance to purchase a second property in the mountains in ten years.
Explain the mechanism of risk.Generally speaking, making investments in stocks, mutual funds, or real estate might yield greater profits but also entail greater risk than holding the money in a certificate of deposit or a low-risk savings account. A high-risk investing plan might not produce the expected returns, particularly over a short period of time, and market volatility might lead to a loss of wealth. In addition, variables including changes in real estate valuations, interest rates, and regional economic situations might have an impact on real estate investments. Also, there is always a chance of unanticipated occurrences, such a job loss or a medical emergency, which may have an impact on a person's financial condition and capacity to continue investing in order to achieve their objective.
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