A City
Administration has provided the following information related to
their activity to various government funds.
Required: - a. Prepare Statement of Revenues, Expenditure and
Changes in Fund Bal
Transactions Received State Grant for the improvement of the sewage system of the city OMR 450,000 The City also issued operational bonds to the value of OMR 60,000 to finance its general operating expenditure at a premium of 10%. Purchased office supplies OMR 28,000 for which payment is made immediately against the vouchers produced Transferred OMR 75,000 to establish a service center to provide support to other departments. General operating expenditure incurred OMR 29,000 and paid OMR 25,500. Issued OMR 75,000 long term development bond, the fund to be utilized for construction of a Convention Hall and must be used for this specific purpose at a premium of 2.5% The City placed order for machines to be utilized at the service center for OMR 26,000 to be supplied in 3 months. Using the Developmental Bond issue proceeds, the City constructed the Convention Hall by spending OMR 66,000 Using the State Grant, the City renovated the sewage system OMR 300,000 The service department billed the General Fund for providing services OMR 18,000 The City levied OMR 600,000 of general property taxes of which it actually collected OMR 480,000.

Answer:

False

Explanation:

The given statement is false, that the Employment assessments are only used during the hiring phase of employment.

Employee assessments are defined as the evaluations or performance appraisals that i s mostly used to examine the performance and productivity of employees of the company, which is hiring.

These examinations measure aptitude, personality and skills. The typical purposes of employee evaluations include pay review, promotions, performance improvement, terminations, etc.

For job testing, several forms of assessments, such as personality tests, work samples, intelligence tests, and assessment centers, may be employed. Employers frequently utilize more than one to increase predictive power, since some correlate work performance better than others.

Therefore, it is false.

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In contrast to stock markets, real estate markets are characterized by all of the following except: Market prices are revealed almost instantaneously to prospective buyers.

Market price is the price at which stock or an asset are being sold or buy in the market at a particular period of time.

It is important to note that In real estate markets, market prices are not revealed almost instantaneously to potential buyers due to its unique characteristics unlike stock market where the buyers are aware of the market price almost instantaneously.

Inconclusion In contrast to stock markets, real estate markets are characterized by all of the following except: Market prices are revealed almost instantaneously to prospective buyers.

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Answer:

Oligopoly.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.

The Blake and Mouton’s managerial grid is based on the concern for production(tasks) and concern for people(relationships). The Great man theory suggests that traits are inherent, while conduct can be taught.

As per the Managerial Grid, developed by Robert Blake and Jane Mouton, five different types of leadership based on their concern for the production and concern for the people are located in four quadrants.. According to the Great Man Theory leaders are born with the right traits and abilities for leading –  charisma, intellect, confidence, communication skills, and social skills.

The concern for production is illustrated on the horizontal axis of the managerial grid and production became more important to the leader as his rating advances on the horizontal scale.

The Great Man Theory of Leadership emphasizes that great leaders are born, not made. These individuals come into the world possessing certain characteristics and traits not found in all people.

The Managerial grid is a useful device for identification and classification of managerial styles.

The essence of the Great Man Theory lies in the fact that those in power deserve to lead because of the traits they have been endowed with.

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Three special case patterns of dividend growth include perpetual growth, variable growth and accelerated growth.

1. Perpetual Growth: Perpetual growth occurs when a company's dividends remain the same from one period to the next. This is a sign of the company's stability and willingness to consistently pay dividends.

2. Variable growth: Variable growth occurs when a company's dividend payments fluctuate from one period to another. This type of growth is common in companies with volatile earnings and cash flows.

3. Accelerated Growth: Accelerated growth occurs when a company's dividend payouts increase faster than earnings. This type of growth is usually seen in companies that are expanding rapidly or have large amounts of cash available for dividends. Investors seeking higher dividend payouts may be more interested in companies with accelerated growth.

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according to the personal value equation, an increase in price and a decrease in benefits received would cause the value of an offering to decrease. Option (c) is the correct answer.

The personal value equation is a way to measure the value of an offering to a customer. It takes into account the benefits received from the offering, the hassle involved in obtaining and using the offering, and the price paid for the offering. The equation can be expressed as:

Value = Benefits Received - Hassle - Price

An increase in any of the variables on the right-hand side of the equation will decrease the value of the offering, while a decrease in any of the variables will increase the value of the offering. The personal value equation is useful for businesses to understand how customers perceive the value of their offerings and can help businesses adjust their marketing mix to better meet customer needs and preferences.

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A strategy for using technology to help stay fit is wearing a fitness bracelet that keeps track of your daily steps.

Wearable fitness technology uses a device that is worn at all times to measure physical activity such as steps walked, calories burn, and workout intensity.

Looking down at an electronic gadget for a long periods can lead to neck and back pain as well as pains in elbows, wrists and hands. To overcome these causes by using fitness technology is a great way for physical activities.

Pedometer-based walking programs were also associated with significant decreases in body mass index, etc.

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The choice of valuation method for nonmonetary assets, specifically the mining equipment, affects the balance sheet and income statement of Southern Copper Corporation (PCU) in terms of the reported values of the equipment, depreciation expenses, impairment losses, and gains/losses upon sale.

a. When PCU accounts for the equipment using historical cost adjusted for depreciation and impairment losses, the impact of different valuation methods on the balance sheet and income statement are as follows:

(1) Acquisition of the equipment: The equipment is recorded as an asset at its historical cost of $100,000.

(2) Depreciation for 2009: Depreciation expense is recognized on the income statement, reducing the carrying value of the equipment on the balance sheet.

(3) Impairment loss for 2009: If the equipment's recoverable amount is lower than its carrying value, an impairment loss is recognized on the income statement, reducing the carrying value of the equipment on the balance sheet.

(4) Depreciation for 2010: Depreciation expense is recognized, further reducing the carrying value of the equipment.

(5) Depreciation for 2011: Additional depreciation expense is recognized, further reducing the carrying value of the equipment.

(6) Sale of the equipment: The equipment is removed from the balance sheet, and the gain or loss on sale is recorded on the income statement.

b. When PCU accounts for the equipment using current fair market values adjusted for depreciation and impairment losses, the effects are as follows:

(1) Acquisition of the equipment: The equipment is recorded as an asset at its fair market value of $100,000.

(2) Depreciation for 2009: Depreciation expense is recognized on the income statement based on the fair market value, reducing the carrying value of the equipment on the balance sheet.

(3) Impairment loss for 2009: If the equipment's recoverable amount is lower than its carrying value, an impairment loss is recognized on the income statement, reducing the carrying value of the equipment on the balance sheet.

(4) Depreciation for 2010: Depreciation expense is recognized, further reducing the carrying value of the equipment.

(4) Recognition of unrealized holding gain or loss for 2010: Changes in fair market value are recognized on the income statement, affecting both the carrying value and net income.

(5) Depreciation for 2011: Additional depreciation expense is recognized, further reducing the carrying value of the equipment.

(6) Recognition of unrealized holding gain or loss for 2011: Changes in fair market value are recognized on the income statement, affecting both the carrying value and net income.

(8) Sale of the equipment: The equipment is removed from the balance sheet, and the gain or loss on sale is recorded on the income statement.

c. After the equipment is sold, retained earnings on January 1, 2012, is equal to a negative $74,000 in both cases because the cumulative effects of depreciation, impairment losses, and changes in fair market value have resulted in a reduction of the equipment's carrying value.

The negative retained earnings reflect the net impact of these expenses, losses, and changes over time, leading to a deficit in the retained earnings account.

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The present value of the investment is $5,658.29.

The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.

Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62

Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67

Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29

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As Johnny's agent, I would advise him to demand a recording fee of $300,000 from the record company. This is because the demand for the CD is quite high, with a projected sales volume of 600,000 units. With no fixed cost and a variable cost of $18 per CD, the company stands to make a significant profit from the sale of the CD.

By demanding a recording fee of $300,000, Johnny is ensuring that he receives a fair share of the profits from the sales of the CD. This fee would cover his expenses for recording and producing the CD, as well as provide him with a decent return on his investment of time and resources.

Overall, this would be a good deal for both Johnny and the record company, as it would allow them to maximize their profits while meeting the demands of the market.

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Unlike a corporation, an LLC can deduct the cost of fringe benefits for employee members. This statement is true.

When it comes to taxes, corporations and LLCs are treated differently. While corporations are subject to stricter tax rules, an LLC offers more flexibility. One of the advantages of an LLC is the ability to deduct the cost of fringe benefits for employee members.

Fringe benefits are additional compensations provided to employees aside from their regular wages. Examples of fringe benefits include health insurance, retirement plans, education assistance, and transportation benefits. By deducting the cost of these benefits, an LLC can lower its taxable income and ultimately reduce its tax liability.

It's important to note that there are certain limitations and rules governing the deductibility of fringe benefits. For example, the benefits must be reasonable and directly related to the business. Additionally, the IRS may have specific requirements for different types of fringe benefits.

In summary, an LLC can deduct the cost of fringe benefits for employee members, providing a tax advantage compared to a corporation. However, it is always advisable to consult with a tax professional or accountant to ensure compliance with the specific tax regulations applicable to your situation.

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"The balance sheet approach estimates bad debt expense by determining the appropriate carrying value of accounts receivable."

The balance sheet approach is a method used to estimate bad debt expense by assessing the suitable carrying value of accounts receivable. It involves analyzing the financial statements, specifically the balance sheet, to determine the amount of accounts receivable that is likely to become uncollectible. T

his approach considers factors such as historical data, industry trends, and the creditworthiness of customers to evaluate the risk of non-payment. By estimating the portion of accounts receivable that will ultimately go bad, the balance sheet approach helps in determining the appropriate allowance for bad debts.

This estimation aids in reflecting a more accurate financial position by adjusting the carrying value of accounts receivable to account for potential losses due to bad debts.

This question should be provided as:

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Suppose an investor invested $7,590 in a savings account with basic yearly interest 10 years ago. The account currently has a balance of $11,916.30. 5.7% is the basic interest rate.

You must pay interest on money you borrow, and you must add interest to money you lend. The most typical approach to display interest is as a percentage of the annualized principal amount of a loan. This ratio represents the interest rate on the loan.

By examining the rate, a person can figure out exactly how much interest they will accrue or pay on a loan. For example, if a $100 loan had a nominal interest rate, there would be a $6 interest fee.of 6% ($100 X 0.06). Despite an increase in loan size, the rate doesn't change. Even if the loan amount were increased to$1,000, the borrower would still be expected to pay 6% of the total.

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Answer:

D

Explanation:

finances

False. The suggestion of private or personal accounts for income/social security is a controversial proposal.

While proponents argue that it would offer more control and flexibility to retirees and provide a more secure retirement income, opponents argue that it would increase risks and reduce overall retirement income for many workers.

One of the primary concerns with private or personal accounts is that they are subject to market fluctuations and investment risk. This means that retirees could potentially experience significant losses if the market performs poorly, leaving them with a smaller retirement income than they had anticipated. Additionally, private accounts may not provide a stable source of retirement income, as they may be subject to changes in investment returns, fees, and other factors.

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The best way for Zorosis to ensure that their ongoing learning process will be a success is to ensure that b. It allows for customization in its learning system.

The online learning platform that Zorosis plans to implement should be able to be customizable to the various challenges that employees can face.

This allows the employees to apply what they have learnt in various areas that will ensure business success.

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Answer:

c

Explanation:

Answer:

Data Analysis

Explanation:

During a fire outbreak which could be accidental or incidental, information is first collected both from witnesses and observation. After this, timelines are developed in a bid to develop inductive reasoning as to the patterns in the timing of the fire outbreak. Burn patterns are also analyzed to provide an indication as to the origin and cause of the fire.

It is important that the timelines and patterns being analyzed are based on facts that are verifiable and not speculations. This is important because working with incorrect information would lead to the development of the wrong hypothesis.  

Answer:

4 5 6 7

Explanation:

got it right on edge

Answer:

4. designing products and processes

5. operating machinery  

6. interpreting instructions

7. lifting and moving materials

Explanation:

edge 2021 :)

stay safe and good luck <3

Answer:

1 2 6 7

Explanation:

good luck luvs !!

Answer:

1,2,6,7

Explanation:

everyone who says otherwise is a big fat liar >:(

The Revenue does not have an exception aggregation because it is a key performance indicator that represents the total income generated by a company without any exceptions or exclusions.

Revenue is a fundamental financial metric that reflects the total amount of money earned from sales of goods or services. It serves as a measure of a company's top-line performance and is typically reported as the gross amount before deducting any expenses or allowances. Unlike certain financial metrics that may have exception aggregations, such as net income or profit margin that involve deducting expenses, revenue does not have any exceptions to aggregate. It represents the entirety of the company's sales and does not exclude any specific components or exceptions in its calculation.

Revenue is a comprehensive metric that encompasses all sales and does not involve any exception aggregations. As the total income generated by a company, it is a straightforward and inclusive measure that provides a clear picture of the company's overall sales performance. Therefore, revenue does not require any exceptions to be aggregated.

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as a joke, jem takes kyla’s business law textbook and hides it so that kyla cannot find it during the week before the exam. as it relates to the initial taking, jem may have committed trespass to personal property.

What is personal property.?

Moving property is referred to as personal property. Personal property can be either material or immaterial. Items that are visible and touchable are referred to as tangibles. Intangible assets, such as a company brand or a copyright, cannot be touched but nevertheless have value to the owner. Apart from real estate, everything you own is referred to as personal property. This includes material possessions like all of your clothes, any jewelry, all of your furniture and household goods, as well as anything else that is mobile and not fixed to a certain place like your home.

Therefore

as a joke, jem takes kyla’s business law textbook and hides it so that kyla cannot find it during the week before the exam. as it relates to the initial taking, jem may have committed trespass to personal property.

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Answer: government

Explanation:

Government is the career field is likely to experience increased job openings and security over the next few years. Hence, option C is correct.

Public Sector Employment is "a particular government responsibility or action. A "government job" is widely defined for recruitment purposes as any position in any department or entity that works for the government. Consequently, a position carrying out government business is a government employment ".

Among the job options in the U.S. government are political jobs working for the executive, judicial, and legislative branches of the federal government.

Government employees are employed by the military, the post office, federal law enforcement organizations, and other governmental agencies and departments.

Thus, option C is correct.

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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Answer:

They Both deal with the Wellbeing of the Human Talent

Explanation:

While the medical profession deals with physical, and psychotherapy treatment of the human being and  the Human Resources function deals with the employee welfare at work place such as work conditions, training, harassments at work place, both these professions try to improve the wellbeing of the Human Talent.

Answer:

Mixed Economy

Explanation:

Hope this helps

Answer:

debit to the bank

credit to the supplies/inventory/trading stock account

When applying for a loan, it is important to shop around for the best overall deal. This means researching and comparing interest rates, terms and conditions, fees, and other factors from different lenders before making a decision.

Borrowing from an institution close to your home may be convenient, but it may not necessarily provide the best deal. Waiting until you have a long credit history may help you qualify for better loan terms, but it is not always necessary or practical. Similarly, going to a state that has low interest rates may not be feasible or cost-effective, especially when factoring in travel expenses and other associated costs.

Therefore, the best course of action when applying for a loan is to do your research, compare different lenders, and choose the option that offers the best overall deal for your financial situation and needs.

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1. $4,076.92

2. Assets = Liabilities + Equity

3. They can be used to make online purchases.

4. by using an emergency fund for this unplanned expense

5. a fund with a minimum investment that tracks the value of cash

6. 1930s

7. Banks because they are highly regulated by the government, so the loan terms will not be predatory.

8. their vacation cabin

9. You should shop around for the best overall deal.

10. If you use a credit card, it is easy to run up huge debts.

11. They are tied directly to your bank account.

12. preventative care

13. $100,000 per person bodily injury, $300,000 per incident for bodily injury, $50,000 for property damage

14. how long the coverage lasts, how much the premium costs, and the cash value

15. 1-year renewable group term life

16. Identity thieves can intercept unencrypted data being sent to Wi-Fi hot spots.

17. Wells Fargo employees were opening unauthorized deposit and credit accounts for its customers.

18. 2 year in state community college degree

19. tuition assistance

20. -a sundae, -movie tickets

Explanation: All of these answers are correct!

Personal Finance Semester Exam

5/11/2023

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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