A B Corporation is best described as a hybrid business organization that bridges the gap between profit and non-profit organizations.
What is a B Corporation?B Corporation is a form of certification provided to businesses that focus on achieving social and environmental goals while being profitable. In other words, B Corp organizations aim to make a positive impact on the world while being successful in terms of business profits.
These businesses' mission is to bring a social and environmental conscience to the corporate world. They provide innovative solutions to social and environmental issues and establish corporate social responsibility by meeting particular standards.
Additionally, B Corp companies are required to follow ethical business practices, prioritize their workers' welfare, and minimize their negative environmental impact while running their operations. They are also legally required to consider the interests of all stakeholders, not just their shareholders.
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chicotti company has 6,000 units in beginning work in process inventory that are 30% complete as to conversion costs, 75,000 units completed and transferred out to finished goods, and 2,000 units in ending work in process inventory that are 20% complete as to conversion costs. the beginning and ending work in process inventories are fully complete as to materials costs. what are equivalent units of production for materials if the fifo method is used?
The equivalent units of production for materials if the FIFO method used is 75,400.
For units completed and transferred out, all 75,000 units are fully complete as to materials costs, so we can count all of them as equivalent units of production for materials.
For the ending work in process inventory, we need to calculate the equivalent units of production for materials based on the percentage of completion. Since there are 2,000 units in ending work in process inventory and they are 20% complete as to conversion costs, we can calculate the equivalent units of production for materials as:
2,000 units x 20% = 400 equivalent units of production for materials
To calculate the total equivalent units of production for materials, we can add the equivalent units of production for units completed and transferred out (75,000) to the equivalent units of production for the ending work in process inventory (400):
75,000 + 400 = 75,400 equivalent units of production for materials using the FIFO method
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a supermarket reduces the price of oranges from 50 pence each to 30 pence each. the weekly sales increase from 8,000 to 10,000. the value of price elasticity of demand is
The value of the price elasticity of demand for oranges in this case is 2.0. This can be calculated using the following formula:
Price Elasticity of Demand = (Percent Change in Quantity/ Percent Change in Price)
= [(10,000 - 8,000) / (50 - 30)]
= 2.0
This means that a 1% decrease in the price of oranges results in a 2% increase in the quantity demanded.
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which of the following statements is true of activity-based costing? answer abc systems cannot be used profitably by companies having batch-level. abc systems classify costs into only unit-level costs and batch-level costs. abc systems do not facilitate variance analysis. abc systems focus on individual activities as the fundamental cost objects.
The statement that is true of activity-based costing (ABC) is that "ABC systems focus on individual activities as the fundamental cost objects."
ABC systems differ from traditional costing methods in that they do not rely solely on volume-based measures like direct labor hours or machine hours to allocate overhead costs. Instead, ABC systems identify the specific activities that drive costs, and then assign those costs to products or services based on their actual consumption of those activities. By focusing on individual activities, ABC systems allow companies to better understand the true costs of their products or services and make more informed decisions about pricing, product mix, and process improvements. ABC systems can be used profitably by companies that have batch-level or other non-unit-level costs, as they can help identify the activities that are driving those costs and find ways to reduce or eliminate them. ABC systems can also facilitate variance analysis by allowing managers to identify the specific activities that are causing variances and take corrective action.
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making choices as about goals such as increasing awareness, improving customer service, increasing sales, or some combination relates to which step in creating a social media plan?
Increasing awareness step in creating a social media plan. The answer is OPTION A
creating communities, spreading consciousness, and battling injustice. Users of social media have the ability to create communities around causes and motivate followers to take action. Setting your goals is the first and most crucial stage in developing a social media strategy.
It will be challenging to focus your efforts toward an objective if you don't have one in mind. Because of this, you must establish SMART (Specific, Measurable, Achievable, Realistic, and Timely) objectives that are also attainable. To increase enthusiasm and support, inspire self-mobilization and action, and mobilize local expertise and resources, it is critical to raise public awareness. The answer is OPTION A
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in international business, an advantage of trading through an export agent instead of directly is that the company does not have to deal with multiple choice a middleman. rising labor prices. foreign currencies. the problem of providing discounts. the procurement of resources.
By using an export agent, the company can benefit from their expertise in global trade and can reduce costs, which would otherwise be incurred by the company if they were to handle the entire process on their own.
Trading through an export agent instead of directly has the advantage of avoiding the issue of having to deal with a middleman, rising labor prices, foreign currencies, the problem of providing discounts, and the procurement of resources. By using an export agent, the company can benefit from their expertise in global trade and can reduce costs, which would otherwise be incurred by the company if they were to handle the entire process on their own.
Additionally, the export agent can take care of the legal and paperwork issues associated with international business, such as shipping, taxation, and financial transactions, which may prove difficult for the company to navigate alone. As a result, using an export agent can save the company money, reduce the workload and complexity of handling international business transactions, and ensure a smoother, more efficient trading process.
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racie corporation manufactures and sells women's skirts. each skirt (unit) requires 2.2 yards of cloth. selected data from tracie's master budget for next quarter are shown below: july august september budgeted sales (in units) 8,700 10,700 12,700 budgeted production (in units) 9,700 12,200 14,700 each unit requires 0.7 hours of direct labor, and the average hourly cost of tracie's direct labor is $20. what is the cost of tracie corporation's direct labor in september? group of answer choices $177,800 $205,800 $254,000 $294,000
The cost of Tracie Corporation's direct labor in September is $177,800.
The steps to find the cost of Tracie Corporation's direct labor in September are as follows:Firstly, find the total direct labor hours for September. The total direct labor hours are the number of units produced multiplied by the direct labor hours per unit.
This gives us:14,700 units x 0.7 hours per unit = 10,290 total direct labor hours in September.Next, find the total direct labor cost for September. This is calculated by multiplying the total direct labor hours by the direct labor cost per hour.
We know that the average hourly cost of Tracie's direct labor is $20, so we can use this to find the total direct labor cost for September. This gives us:10,290 total direct labor hours x $20 per hour = $205,800 total direct labor cost for September.
Finally, we need to find the cost of Tracie Corporation's direct labor in September. This is equal to the total direct labor cost for September. Therefore, the cost of Tracie Corporation's direct labor in September is $205,800
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on august 1, harris co. determines that it cannot collect $200 from its customer, l. dash. harris co. uses the direct write-off method, so they will record the write-off of this account by debiting: multiple choice question. bad debt expense. accounts receivable - l. dash. cash. sales.
The direct write-off method of recording bad debts requires that companies record a bad debt expense as soon as they determine that a customer is unable to pay. The correct answer is bad debts requires.
In this case, Harris Co. determines that it cannot collect $200 from its customer, L. Dash, so they will record the write-off of this account by debiting Bad Debt Expense for the amount of $200. This will decrease their net income for the period. In addition, they will also record a credit to Accounts Receivable - L. Dash for the same amount of $200, as this will reduce the Accounts Receivable balance and reflect that the company is no longer owed money by this customer.
The company will not debit Cash or Sales, as they are not receiving money from the customer and the transaction has not been recorded as a sale. This will not affect their Cash balance, nor will it affect their Sales. The correct answer is bad debts requires.
In conclusion, Harris Co. will record the write-off of this account by debiting Bad Debt Expense for the amount of $200 and crediting Accounts Receivable - L. Dash for the same amount. This will decrease their net income and reduce the Accounts Receivable balance.
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jeremy needs to confirm whether his client, a seller named comps now, is presenting the featured offer for a specific product. where should jeremy look?
Elements of persuasion define the message as the fundamental substance that includes both emotional and rational reasoning. As the communication was created by the jeremy, the jeremy has ultimate control over it.
Due to the circumstances, Jeremy is struggling to deliver a persuasive message. He is unable to discern if the message's substance should include persuasive arguments or unexpected aspects.
As he has complete control over the message, he is free to include any element he wants to convey.
On a specific seller's product detail page, a Featured Offer's specifics are displayed. The customer will be taken to the purchase offer from the selling partner displaying the featured offer if the seller is presenting a Featured Offer and they click the Add to Cart or Buy Now button. A Featured Offer can be created by both Sellers and Vendors.
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denise purchased a dining room set for $2,800 and insured it on an actual cash value (acv) basis. at the time the dining room set was destroyed by a covered peril, the set was 40 percent depreciated. a replacement set will cost $3,000. assuming no deductible, how much will denise collect from her insurer?
Denise purchased a dining room set for $2,800 and insured it on an actual cash value (ACV) basis.Therefore, the amount that Denise will collect from her insurer will be $1,680.
At the time the dining room set was destroyed by a covered peril, the set was 40% depreciated. A replacement set will cost $3,000. Assuming no deductible, Denise will collect from her insurer.Insured and deductibles are two important terms associated with insurance. Insurance is a form of risk management, in which the insurance company agrees to pay compensation to the insured in case of any damage or loss to the property that is insured or the insured individual in exchange for a certain amount of premium.
Denise's insurance policy provides coverage on an actual cash value (ACV) basis, which means she will receive the current cash value of her dining room set that has depreciated due to use or age or both. In this case, her dining room set was 40% depreciated.The amount paid to Denise by her insurer will be the replacement cost of the dining room set minus the depreciation value. The replacement set will cost $3,000. The amount of depreciation is $2,800 x 40% = $1,120. So, the actual cash value of the damaged dining set is $2,800 - $1,120 = $1,680.
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companies with high operating leverages generally have lower fixed costs than variable costs. true/false
The statement "companies with high operating leverages generally have lower fixed costs than variable costs." is true because he fixed costs represent a greater percentage of the company's total operating costs.
This is if the fixed costs which is used to represent a greater percentage of the company's total operating costs. Fixed costs include items such as rent, administrative costs, depreciation, etc.
Variable costs are typically costs associated with the production of goods and services, such as labor and materials. When fixed costs make up a large portion of the company's total operating costs, it is known as high operating leverage. This means that the company has a higher percentage of fixed costs in relation to variable costs.
This allows them to increase their profits if they are able to reduce their variable costs and produce more efficiently.
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in which of the following cases does an import quota result in a higher welfare loss than a tariff? group of answer choices the quota licenses are allocated through resource-using application procedures. the government auctions the import licenses to the highest bidders. the domestic firms producing an import-competing product set the product's price equal to the marginal cost of producing it. the domestic industry in the importing country is highly competitive.
In the case where the quota licenses are allocated through resource-using application procedures, an import quota results in a higher welfare loss than a tariff. The option a) is the correct answer.
Import quota and tariff both protect domestic producers and raise government revenue. An import quota is a physical limit on the amount of imported goods, while a tariff is a tax levied on imported goods to restrict foreign competition. Import quota and tariff both lead to an increase in the price of imported goods in the domestic market. As a result, domestic producers are protected, and government revenue is raised.
The difference between import quota and tariff is the way in which they restrict trade. Import quotas restrict trade through a physical limit on the amount of imports, while tariffs restrict trade by increasing the price of imports. Tariff has an advantage over the quota in the sense that it does not lead to any welfare loss to the importing country. Import quotas cause welfare loss because they increase the price of imported goods in the domestic market. The quota licenses are allocated through resource-using application procedures, which increases welfare loss.
This happens because resources are used to allocate licenses, which results in additional costs for the government and applicants. These costs, in turn, are passed on to consumers in the form of higher prices, leading to a decrease in consumer surplus, which is a measure of welfare.Import licenses allocated through resource-using application procedures create additional costs, leading to a higher welfare loss than a tariff. Therefore, option a) is the correct answer.
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the six sigma philosophy seeks to develop technical leadership through extensive training, then use it in team-based projects designed to improve processes. to what extent are these two concepts (technical experts vs. team experts) at odds?
The six sigma philosophy seeks to develop technical leadership through extensive training and use it in team-based projects designed to improve processes. This can create tension between the two concepts of technical experts versus team experts, as the technical expert may view their skills as superior to those of the team experts.
The main challenge of the six sigma philosophy is to create a balance between the two concepts. Technical expertise is essential to the success of any improvement project, as it provides the detailed understanding of the process that is needed to identify and solve problems. However, it is also essential to have team experts who can bring their knowledge and experience to the table, creating a team that is more effective than any individual could be.
The best way to achieve this balance is to have both technical and team experts working together on the improvement project. The technical experts should be used to provide in-depth knowledge about the process, while the team experts should be relied upon for their experience in the industry and their ability to work in teams. This can help to ensure that both perspectives are heard and that the most effective solutions are identified and implemented.
Overall, the six sigma philosophy seeks to ensure that both technical and team experts are used in the improvement project, as both are essential to success. By having both working together, the project can benefit from both perspectives, leading to more effective solutions and improvements.
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a data analyst at billings upholstery is trying to find more environmentally friendly way to produce furniture. the data analyst gathers relevant data, analyzes it, and uses it to draw conclusions. then they share this analysis with subject-matter experts in manufacturing. once the subject-matter experts have reviewed the analysis, a plan is put into action. what process does this scenario describe? 1 point data science identification of trends customer service data-driven decision-making
The process that describes the given scenario is data-driven decision making. The correct answer is option d.
What is data-driven decision-making?Data-driven decision making is the procedure of utilizing data, analysis, and insights to decide a course of action in a business or organization. Data-driven decision making relies on information and analyses rather than intuition or observation.
The ultimate aim of data-driven decision-making is to achieve the most significant benefit for an organization or a company. It enables businesses to acquire a competitive advantage through their ability to make better-informed decisions.
In the given scenario, the data analyst at Billings Upholstery is utilizing data to make decisions about finding more environmentally friendly ways to produce furniture.
Once the data is gathered and analyzed, the subject-matter experts in manufacturing are consulted, and a plan of action is put into action. Hence, this scenario describes the process of data-driven decision-making. Thus, option (d) is the correct answer.
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Complete Question
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a data analyst at billings upholstery is trying to find more environmentally friendly way to produce furniture. the data analyst gathers relevant data, analyzes it, and uses it to draw conclusions. then they share this analysis with subject-matter experts in manufacturing. once the subject-matter experts have reviewed the analysis, a plan is put into action. what process does this scenario describe? 1
a. point data science
b. identification of trends
c. customer service
d. data-driven decision-making
if the return on assets is equal to 10% and the asset turnover (ratio) is equal to 50%, what is the value of net income if the firm has $1 million in sales? (round your answer to one decimal place if necessary)
The value of net income is $200,000 if the firm has $1 million in sales, a return on assets of 10%, and an asset turnover ratio of 50%.
The net income can be calculated by multiplying the return on assets (ROA) by the total assets and then subtracting the interest expense. In this case, we have the asset turnover ratio and sales, so we can use the formula:
ROA = Net Income / Total Assets
Asset Turnover Ratio = Sales / Total Assets
We can rearrange the second equation to solve for Total Assets:
Total Assets = Sales / Asset Turnover Ratio
Substituting this into the first equation, we get:
ROA = Net Income / (Sales / Asset Turnover Ratio)
Net Income = ROA * (Sales / Asset Turnover Ratio)
Plugging in the given values, we get:
Net Income = 0.1 * ($1,000,000 / 0.5) = $200,000
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anna, a marketing manager, frequently takes development and training courses to learn new skills. anna is financially rewarded by her employer each time she acquires a new capability. what type of compensation plan is most likely used by anna's employer? group of answer choices lump sum pay competency-based pay skill-based pay variable pay
Anna's employer is likely using a competency-based pay system.
This type of compensation plan rewards employees for gaining new skills and meeting predetermined goals related to their expertise. It is a performance-based system which provides rewards to employees who demonstrate increased knowledge and improved performance.
The reward is usually monetary, and is usually awarded in the form of a lump sum payment. The amount of the reward is generally proportional to the amount of learning achieved. This system encourages employees to become more competent and enhances their job performance.
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in which of the following incentive pay plans does the wage rate not increase for production above the standard? merrick plan standard hour plan taylor plan rutabega plan
Among the given incentive pay plans, the one in which the wage rate does not increase for production above the standard is Taylor Plan.
What is an Incentive Pay?Incentive pay is a method of compensation that is linked to a company's performance. Incentive pay is also known as pay-for-performance or variable pay, and it is frequently given as a bonus.
Companies that offer incentive pay have identified a certain set of criteria that must be met in order for employees to be eligible.
Incentive pay plans are classified as group or individual. Group incentive plans motivate workers to work together, while individual incentive plans motivate individual workers. The following are the various types of incentive pay plans:
Taylor Plan: A piece-rate system known as the Taylor Plan, named after Frederick W. Taylor, is used in this incentive pay plan. Workers are given a fixed rate for each piece of work they complete under this plan. In this plan, the wage rate does not increase for production above the standard.
Standard Hour Plan: Under this incentive pay plan, the employer is required to set a standard amount of time for workers to complete a job. Workers are then given a fixed rate for every hour worked, with a bonus for finishing the job in less than the established standard time. However, if the job is completed in more than the standard time, the pay rate is reduced.
Merrick Plan: In this incentive pay plan, a base wage is established, and workers receive a bonus for exceeding a specified production level.
Rutabega Plan: In this plan, production workers are paid according to a formula that considers their individual performance as well as overall business profits or profits. This plan incorporates a group incentive component, with individual incentives based on performance.
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assume that, on average, national banks engaged primarily in mortgage lending have their assets diversified in the following proportions: 60 percent residential, 15 percent commercial, 5 percent international, and 20 percent mortgage-backed securities. a local bank has the following distribution of mortgage loans: 50 percent residential, 30 percent commercial, and 20 percent international. how does the local bank differ from national banks?
The local banks differs from national banks in terms of asset diversification. The percentage of asset is different in these banks.
What is the difference between national bank and local bank?National banks engaged primarily in mortgage lending have their assets diversified in the following proportions: 60 percent residential, 15 percent commercial, 5 percent international, and 20 percent mortgage-backed securities. A local bank has the following distribution of mortgage loans: 50 percent residential, 30 percent commercial, and 20 percent international.
The local bank differs from national banks in terms of asset diversification. The national banks' assets are diversified as follows: 60% in residential loans. 15% in commercial loans. 5% in international loans. 20% in mortgage-backed securities. On the other hand, the local bank's assets are diversified as follows: 50% in residential loans. 30% in commercial loans. 20% in international loans. The national bank's asset diversification is more diverse than that of the local bank.
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1) C & J Construction has a___________ structure.a. divisionalb. team-basedc. functionald. matrixe. virtual network2) Which of the following characteristics would you expect C & J Construction to have? Check all tha applya. for employees, human relationship skills are particularly important, since they must work with senior managers to make decisions.b. departments in this organization do not have formal leaders.c. this structure violates unity of command, because employees report to more than one manager.d. In this structure, a vertical hierarchical structure provides accountability, while horizontal reporting relationships improve communication.3) The CEO of C & J Construction is considering moving to a virtual network structure. What would be the best to make such a move?a. to create economies of scaleb. to create deeper reserves of skills within the organizationc. to focus on the core competencies of the organization and outsource less mission-critical tasks4) What problem might the CEO expect if the company switches to a virtual network structure?a. decisions will be made at the top of the organization, creating delaysb. employees may feel less loyalty to the reorganized companyc. resources might be duplicated across divisions of the company
1) C & J Construction has a matrix structure. 2) a. for employees, human relationship skills are particularly important, since they must work with senior managers to make decisions.
What is employee?Employees are individuals who are hired and paid by an employer to perform specific job duties and tasks. Employees can be categorized as full-time, part-time, or temporary depending on the number of hours they work and the duration of their employment. Employees are expected to abide by their employer's policies and procedures, and it is their responsibility to ensure their job duties are completed in a timely and efficient manner. Employees are also responsible for following all applicable laws, regulations, and ethical standards.
d. In this structure, a vertical hierarchical structure provides accountability, while horizontal reporting relationships improve communication.
3) To focus on the core competencies of the organization and outsource less mission-critical tasks.
4) Employees may feel less loyalty to the reorganized company
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1). There is a matrix framework at C & J Construction.
2). a. Human relationship skills are crucial for employees because they must collaborate with senior managers to make choices.
What is employee?Employees are people who are recruited and compensated by an employer to carry out particular job responsibilities and tasks. Depending on the number of hours they put in and the length of their job, employees can be classified as full-time, part-time, or temporary. Employees are responsible for making sure their job tasks are carried out in a timely and effective manner as well as for abiding by the policies and procedures of their employer. Additionally, it is the duty of employees to abide by all relevant laws, rules, and moral principles.
In this arrangement, horizontal reporting relationships enhance communication while a vertical hierarchical framework offers accountability.
3). To outsource less-important duties and concentrate on the organisation's core competencies.
4). Employee loyalty to the reorganised business might decline.
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The allowable range for an objective function coefficient indicates:
A. The prices a firm is allowed to charge for its product.
B. The largest error in estimating objective coefficients that will not affect the optimal solution.
C. The amount of each resource available for use.
D. The shadow price of each resource.
E. The price a firm would be willing to obtain more of a resource.
The allowable range for an objective function coefficient indicates the largest error in estimating objective coefficients that will not affect the optimal solution. This option is correct (B).A linear programming problem's objective function coefficients provide a significant amount of detail about the problem.
The objective function coefficient represents the contribution of each variable to the objective function in a linear programming problem. It represents the increase or decrease in the objective function's value as the variable increases or decreases.The allowable range for an objective function coefficient (the objective function's coefficient sensitivity range) is the range within which the optimal solution remains unaffected. Within the allowable range, changes in the objective function coefficients do not result in changes to the optimal solution.The allowable range is determined by the shadow price of a resource (or the dual price in terms of the dual linear programming problem) when discussing the allowable range of an objective function coefficient. The shadow price reflects the value of one extra unit of a specific resource to the optimal objective function value for each unit of the resource that is made available.In conclusion, the allowable range of an objective function coefficient indicates the largest error in estimating objective coefficients that will not affect the optimal solution. The other options provided in the question do not reflect the allowable range of an objective function coefficient.
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if amber elects salary deferral treatment for the amount in part (a), how much can she save in federal income taxes?
a) The highest salary deferral contribution for 2021 is $ 19,500; b) Tax obligation is lowered by = $19,500* 24%= $4,680; and c) The amount advised for Amber is $ 19,500.
What exactly does income tax mean?
Important Points. Income tax is indeed a sort of tax levied by governments on the earnings of enterprises and persons within respective jurisdiction. Income tax is utilized to support government programs, pay government debts, and give commodities to residents.
What does federal income cover?
The federal tax on income applies to any and all earnings, salaries, monetary gifts form companies, company revenue, gratuities, gaming profits, incentives, and unemployment insurance. The federal tax on earnings is the federal administration's main revenue stream.
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"Complete question"
Amber's employer lavender has a 401 (k) plan that permits salary defferal elections by its employees Amber salary 99,000 and her marginal tax rate is 24% and she is 42 years old.
a) What is the max amount amber can elect for defferal treatment for 2021?
b) how much can she save ? her tax laibility rate will be reduced by how much?
c)What is the recommended amount amber should elect as salary defferal treatement for 2021?
a company makes a credit sale for $500. future collection from the customer is probable. the company will not record revenue from the transaction until it collects cash from the customer. group startstrue or falsetrue, unselectedfalse, unselected
The company will not record revenue from the transaction until it collects cash from the customer. The given statement is false.
A credit sale is when the purchaser gets the goods on credit and promises to pay in the future. If a business engages in a credit sale, it implies that the customer will pay in the future, and the sale is recorded as revenue in the same accounting period that the sale occurs. The seller can only recognize revenue from the transaction if the collection of the account is regarded as "probable." If the seller is not sure about the probability of collecting, then the revenue from the sale should not be recorded until the company receives cash from the customer.
For instance, ABC Inc. made a credit sale of $5,000 to DEF Inc. on June 5, 2021. ABC's accounts receivable, as well as sales accounts, will be increased by $5,000 since it is probable that DEF will pay the sum due, and therefore the transaction is recorded in June as revenue. Therefore, the given statement is false. The company will record the revenue as it made a credit sale, but it will record the sale with an account receivable instead of cash until it collects cash from the customer.
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question 2 what are some ways that peta and deanna agree to measure the customer satisfaction quality standard for the tablet project? select all that apply.
The ways that Peta and Deanna agree to measure the customer satisfaction quality standard for the tablet project are Lobby wait time of under 10 minutes and 98% order accuracy.
The most often used indicator of customer satisfaction is the Customer Satisfaction Score (CSAT). The totality of a customer's views, interactions, and ideas about your company is known as the customer experience (or CX). Monitoring customer satisfaction indicators enables you to gain useful insights into the operation of your whole firm. With the information, you may strengthen your efforts in your strong points and strengthen your weaknesses. Companies work hard to maintain their devoted consumers since it costs 5–25 times more to bring in new ones than to keep the ones they already have. The income is particularly important since even a little 5% gain in client retention can result in large increases in profitability.
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Complete Question:
What are some ways that Peta and Deanna agree to measure the customer satisfaction quality standard for the tablet project? Select all that apply.
A. An average table turn time of 45 minutes.
B. Lobby wait time of under 10 minutes.
C. 98% order accuracy
D. 80% email capture and restaurant newsletter opt-in
E
6 Which one of the following is most likely to cause an inward (leftward) shift in an
economy's long-run aggregate supply (LRAS) curve?
XA A rise in unemployment
BA natural disaster
C A decrease in income tax
D An increase in government spending
XE
(Total for Question 5= 1 mark)
K
(Total for Question 6 = 1 mark)
TOTAL FOR SECTION A = 6 MARKS
Option (b), The long-run aggregate supply (LRAS) curve of an economy is most likely to shift inward (leftward) as a result of a natural disaster.
What may cause the long-term aggregate supply LRAS curve to change?The primary production factors that influence the LRAS curve's variation are the levels of labor productivity, workforce size, capital size, and educational levels. When economic growth and investment increase, the long-run aggregate supply curve also moves to the right, and vice versa.
What other aspects of long-term aggregate supply does the LRAS reflect?All of the resources are finally fully used by the economy. As an economy can only produce a certain amount of output given its resource base, potential output, or the maximum amount of production an economy is capable of creating, is indicated by long-term aggregate supply. Long-term aggregate supply has a vertical curve. Changes in the price level thus have no effect on total production.
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an employer that wants the most amount of work from the laborer for the least amount of money, and vice versa for the laborer who wants the most amount of pay for the least amount of work is considered a perspective. group of answer choices functionalist conflict interactionist moralist
An employer that wants the most amount of work from the laborer for the least amount of money, and vice versa for the laborer who wants the most amount of pay for the least amount of work is considered a conflict perspective.
What is Conflict perspective?The conflict perspective is a sociological viewpoint that emphasizes the role of power in society and the ways in which it is used and distributed. It sees society as a struggle for resources between different groups, such as capitalists and workers, and suggests that inequality is built into the system.
Conflict theorists believe that social structures are created by people to maintain power and control over others, rather than to benefit everyone in society. An employer who wants to get the most work from the laborer for the least amount of money is an example of this viewpoint because it emphasizes the struggle for resources between capitalists and workers.
Similarly, a worker who wants the most pay for the least amount of work is also an example of the conflict perspective. In short, a conflict perspective sees society as a battleground where different groups compete for resources and power.
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if quantity demanded is completely unresponsive to changes in the price of good xyz, then demand for good xyz is
a. inclastic.
b. unit elastic.
c. elastic.
d. perfectly elastic.
e. perfectly inelastic.
Timothy has been searching for a job and recently read an ad for a position at a company that he wants to work for. his résumé has already been written, reviewed, and revised, but he needs to craft an effective cover letter. what should timothy do when writing his cover letter?
When writing a cover letter for a job, Timothy should consider the following: Greeting: Timothy should start his letter with a formal greeting, such as "Dear Hiring Manager" or "To Whom It May Concern. "Introduction: Timothy should begin his letter by stating the position he is applying for and how he learned about the opportunity.
He should also give a brief introduction of himself, such as his current position or education and what makes him a good fit for the job. Body Paragraphs: The body paragraphs of Timothy’s letter should highlight his skills and accomplishments that are relevant to the job he’s applying for. He should also provide specific examples of how he has used those skills in the past, including any metrics or data to back up his claims. Closing Paragraph: Timothy should end his letter with a strong closing statement, summarizing why he is the best fit for the position and expressing his enthusiasm for the opportunity. He should also provide his contact information and availability for an interview. Signature: Finally, Timothy should close his letter with a professional sign-off, such as "Sincerely" or "Best regards," followed by his full name and signature. Timothy should also attach his resume along with the cover letter as well.
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key considerations when applying the five steps to revenue recognition include: (select all that apply.)
key considerations when applying the five steps to revenue recognition include The number of performance obligations, Whether the revenue from the performance obligations are recognized at a point in time or over a period of time and the need for allocating the transaction price.
Revenue recognition is a Generally Accepted Accounting Principles (GAAP) that identifies the specific conditions under which revenue is recognized and determines how it is accounted for. Revenue is generally recognized when a significant event occurs, when a product or service is delivered to a customer, making the amount easily measurable for the company.
The five steps of revenue recognition under IFRS 15 and how to apply them.
Identifies the contract.Identify separate performance obligations.Determines the transaction price.Allocate the transaction price to the performance obligations.Revenue is recognized when each performance obligation is satisfied.Learn more about revenue recognition at:
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you're trying to save to buy a new $194,000 ferrari. you have $44,000 today that can be invested at your bank. the bank pays 5.2 percent annual interest on its accounts. how long will it be before you have enough to buy the car?
It will take approximately 17.57 years to have enough money to buy a new $194,000 Ferrari by investing $44,000 at the bank with an annual interest rate of 5.2%.
Given:
Initial amount = $44,000
Future amount = $194,000
Interest Rate = 5.2%
Let the time be ‘t’ years.
Using the compound interest formula,
Future Amount = Initial Amount * (1 + r/n)^(n*t)
where r = interest rate, n = number of times compounded annually
Compound interest formula for this question will be $194,000 = $44,000 * (1 + 5.2%/1)^(1*t)
Simplifying the above equation, we get
4.4091 = (1 + 5.2%/1)^t
Take natural logarithm on both sides,
ln(4.4091) = ln(1 + 5.2%/1) * t
Dividing by ln(1 + 5.2%/1) on both sides,
t = ln(4.4091) / ln(1.052) = 17.57 years (rounded to two decimal places)
Therefore, it will take approximately 17.57 years to have enough money to buy a new $194,000 Ferrari by investing $44,000 at the bank with an annual interest rate of 5.2%.
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3. (5 points) what effect would a decline in part-time employment have on average weekly hours per worker in the united states? if the employment-to-population ratio increases, what will happen to total hours of work in the united states? a. how should this service affect the unemployment rate? b. suppose everybody in the working-age population has access to www.monster. would you expect unemployment to be eliminated? explain.
The effect of a decline in part-time employment on the average weekly hours per worker in the United States:
If there is a decline in part-time employment in the United States, this would likely increase the average weekly hours per worker. This is because workers who previously worked part-time may now have to work longer hours to make up for the loss of income from their previous jobs.
If the employment-to-population ratio increases, what will happen to total hours of work in the United States?If the employment-to-population ratio increases in the United States, then there will likely be an increase in total hours of work. This is because more people will be working, and therefore more hours will be worked overall. However, this will depend on whether these workers are working full-time or part-time. If they are working part-time, then the effect on total hours worked may be minimal.
How should this service affect the unemployment rate?If the employment-to-population ratio increases in the United States, then this should lead to a decrease in the unemployment rate. This is because more people will be working, and therefore there will be fewer people who are unemployed.Suppose everybody in the working-age population has access to www . monster .
Would you expect unemployment to be eliminated?If everybody in the working-age population has access to www . monster, it is unlikely that unemployment would be eliminated. This is because access to job listings does not guarantee that everyone who is looking for work will be able to find it. Other factors, such as the overall health of the economy and the availability of jobs in certain areas, can also play a role in the unemployment rate.
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the craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the: a.general environment. bpetitor analysis. c.industry environment. dpetitor environment.
The craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the industry environment. The correct option is (c) industry environment.
Macro breweries competed by making use of scale economies and pre-existing distribution networks. The competition from producers of substitute goods, competition from other retailers, and supplier bargaining power are, in my opinion, the three strongest forces.
Despite significant technological advancements over the past 20 years, the brewing industry still faces significant environmental issues related to energy use, water consumption, wastewater, solid waste and byproducts, and air pollutants.
What demographic does craft beer aim to appeal to?The target market for craft beer is frequently those consumers who prefer something other than the mass-produced, big-brand beers that predominate the market. Typically, they seek out beers with greater flavor and character. The correct option is (c) industry environment.
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