In order to open a margin account and buy $100,000 worth of municipal bonds at 80% interest, the customer must deposit $16,000.
purchases bonds = $100,000
margin = 40%
As is well knowledge, the Financial Industry Regulatory Authority has set a minimum maintenance requirement of greater than 7% of the bond's face value or 20% of its market value. Additionally, the exchange has set a minimum for margins, so the bond is bought at 80%.
bond purchase = 80% × $100,000 = $80000
and 20% of $80,000 is = $16,000
and 7 % of $100,000 is = $7,000
so greater amount is $16,000
so customer must deposit $16000.
Municipal bonds are a specific category of debt security that are issued by city, county, and state governments. They are usually offered to pay for capital costs such as constructing roads, bridges, or educational facilities.
Municipal bonds resemble loans in that their holders serve as creditors. Bondholders/investors are promised interest on their principal balance in return for their capital loan, which must be repaid by the maturity date. Most taxes on municipal bonds are frequently free, which attracts investors in higher income tax categories.
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When parties create a contract, sometimes there is no time
specified for completion. If no time is specified, when must the
contract be completed?
If there is no completion date specified in the contract, the Contractor is required to complete the work within a reasonable time. Therefore, the correct option is C.
This means that there is no set deadline, but the Contractor is still expected to complete the work in a timely manner. The definition of what is considered a reasonable time may vary depending on the circumstances of the project, but ultimately it is up to the Owner to determine if the work has been completed in a reasonable amount of time.
In the absence of a specific completion date, the law implies a term that the contract should be completed within a reasonable timeframe. This is to ensure fairness and prevent indefinite delays in the completion of the project. Contractors are still expected to work diligently and efficiently, even if no specific deadline is set in the contract.
The Contractor may also be required to justify the time taken if a formal complaint is filed, but they are not completely absolved of responsibility for completing the work in a timely manner.
Hence, in the absence of completion date specified in the contract, the correct answer is option C: the contract is required to complete the work within a reasonable time.
Note: The question is incomplete. The complete question probably is: If there is no completion date specified in the contract, the Contractor: a. will be required to complete the work by the time reasonably set in written notice from the Owner. b. will have no legal responsibility for failing to complete the work within any particular time. c. is required to complete the work within a reasonable time. d. will be required to justify the time taken upon filing of a formal complaint by a party to the contract.
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chegg the statement of cash flow for a firm converts or reconciles accrual based flows to actual cash flows.
The statement of cash flow for a firm reconciles accrual-based flows to actual cash flows.
The statement of cash flow is an essential financial statement that provides information about a company cash inflows and outflows during a specific period. It helps investors and stakeholders understand how a company generates and uses its cash. Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when the actual cash transactions take place. The statement of cash flow converts the accrual-based flows recorded in the income statement and balance sheet into actual cash flows. It reconciles the differences between net income and cash flows from operating activities, investing activities, and financing activities. An explanation of how the statement of cash flows equates accrual-based flows to actual cash flows is provided below: 1. Operating Activities: This section adjusts net income by considering non-cash expenses (such as depreciation and amortization) and changes in working capital accounts (such as accounts receivable, accounts payable, and inventory). 2. Investing Activities: This section accounts for cash flows related to the purchase or sale of long-term assets, investments, and loans made by the company. 3. Financing Activities: This section includes cash flows from borrowing, repaying debt, issuing or repurchasing shares, and distributing dividends. By analyzing the cash flows from these three activities, the statement of cash flow provides a comprehensive view of a firm's cash position and its ability to generate future cash flows.
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Ethan is a project manager who is responsible for overseeing overall budget and schedule. which tool is he is most likely to use to help him manage the schedule?
Ethan is a project manager who is responsible for overseeing the overall budget and schedule. Gantt chart is the tool he is most likely to use to help him manage the schedule
What is the budget?One financial lesson that cannot be overstated is the need of creating a budget. Following a budget is the only solution if you and your family want financial security. It aids you in maintaining your focus.
With the help of a budget, you are compelled to set objectives
save money monitor your expenditures realize your aspirations.Okay, so it could hurt to learn that your budget does not allow you the brand-new video game or the exquisite cashmere sweater you saw in the store window. However, it will be a lot simpler to make a U-turn and leave the store without purchasing anything if you remind yourself that you are setting money aside for a new home.
It enables you to avoid spending money that you don't have.
Credit cards are solely to blame for consumers spending far too much money that they do not have. The average family's credit card debt in 2021 was $5,525 in reality. It helps to create a more content retirement.
By adopting a budget, you can accomplish that. It's important to factor donations for investing into your budget. If you set aside a portion of your income each month for your IRA, 401(k), or other retirement accounts, you will eventually be able to build up a decent nest. In the long run, it will be profitable even if you have to make some compromises today.
Thus, budgeting is a way of life.
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List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer: Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Explanation:
Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Total; I would work as a procurement officer. I would be helping the organization procure their items easily,fast and affordable from the right source
Shell; I would work as an a geologist, to identify locations where natural resources like crude oil can be found
Cheveron; I'll work as an I.C.T personnel
Halliburton; I'll work as a mechanical engineer
Schlumberger; I'll work as a mechanical instructor on air compressors
All taxpayers can make tax payments using a direct debit from their bank account.
True
False
Answer:
false
Explanation:
which of the following statements about porter's competitive forces model is not true? select one: a. in a free economy, there are very low barriers to entry in all industries. b. porter's competitive forces model is the most widely used model for understanding competitive advantage. c. porter's model focuses on a firm's general business environment. d. the power of customers grows if they can easily switch to a competitor's products and services. e. the more substitute products and services in an industry, the less a firm can control pricing and the lower the firm's profit margins.
The statement that is not true about Porter's competitive forces model is: a. in a free economy, there are very low barriers to entry in all industries.
Porter's competitive forces model is widely used to analyze a firm's industry environment and determine the competitive intensity within it. The model identifies five competitive forces that impact an industry's profitability: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and competitive rivalry among existing firms.
Porter's model recognizes that barriers to entry can exist in any industry, making it more difficult for new competitors to enter the market. Barriers to entry can include factors such as high capital requirements, government regulations, economies of scale, and brand loyalty.
The model also emphasizes the importance of understanding customer preferences and the potential for substitute products or services to impact a firm's profitability. In addition, it recognizes that a firm's suppliers and buyers can exert bargaining power, affecting the prices of goods and services. Finally, the model highlights the intensity of competition among existing firms as a critical factor in determining profitability within an industry.
Overall, the Porter's competitive forces model provides a useful framework for understanding a firm's industry environment and developing strategies to improve its competitive position.
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Of the following companies, which one would not likely employ the specific identification method for inventory costing?
A. Company that sells pianos
B. Farm dealership that sells tractors
C. Auto sales dealership
D. Hardware store
D. Hardware store is one would not likely employ the specific identification method for inventory costing.
About Specific Identification methodThe Specific Identification method is one of the several methods used for inventory costing. This method is used for inventory that is expensive and easily distinguished.
Inventory that is either costly or can be easily identified is usually given unique identification like serial numbers or tags. This makes the identification of that particular item easy and hence helps in using the Specific identification method for inventory costing.
However, there are certain inventories that are difficult to be identified in this way. For example, groceries or stationery items which don't have unique identification. Thus, they require another method of inventory costing.
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Which one of the following statements is correct?
a. Cost can be controlled only by those who are managing the project
b. Cost can be controlled only by those who are managing the project risk
c. Cost can be controlled only by those who are doing the spending
d. Cost can be controlled only by those who are doing the work
The correct statement is "Cost can be controlled only by those who are doing the work." Option D.
This statement reflects the principle of responsibility assignment in project management, according to which each team member is accountable for their task or activities.
Cost management is a crucial aspect of project management, which requires the involvement of the entire project team, not just the managers.
Therefore, team members who are responsible for carrying out the activities are required to be cautious in their approach to carrying out the assigned task to control the cost and keep it within the allocated budget. It is essential for them to understand the scope of the work and execute it effectively and efficiently.
In conclusion, the statement "Cost can be controlled only by those who are doing the work" highlights the importance of assigning responsibility and accountability to the team members to ensure the cost of the project does not exceed the allocated budget.
Hence, the right answer is option D.
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If inflation is 4% a year compounded annually, what will it cost
in 10years to buy a house currently values at 75,000
In 10 years, it will cost approximately $109,357.67 to buy a house that is currently valued at $75,000.
To calculate the future cost of the house considering a 4% annual inflation rate compounded annually, we can use the formula for compound interest: Future Value = Present Value * (1 + Interest Rate)^Number of Periods.
Plugging in the values, we have:
Future Value = $75,000 * (1 + 0.04)^10 = $109,357.67.
This calculation takes into account the compounding effect of inflation over the 10-year period. It assumes that the inflation rate remains constant at 4% per year. Therefore, to purchase the house in 10 years, you should be prepared to have approximately $109,357.67.
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flvs guided notes economics
the amount of a good or service that is produced at a specific price is
The amount of a good or service that is produced at a specific price is known as cost of production.
The cost-of-production theory of value is a concept in economics that holds that the price of a good or service is decided by the total cost of the resources used to produce it. Any production and taxing component may be included in the cost.
Production costs are the expenses a business has to pay while producing a good or offering a service that brings in money for the business. Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.
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Being self confident and an effective communicator are signs that a worker may be what
Answer: a potential leader
Explanation:
Answer:
a leader.
Explanation:
A leader is the one in the charge, the person who convinces other people to follow. A great leader inspires confidence in other people and moves them to action.
Entry Rules: Round your answer to two (2) decimal places. Examples: If your answer is $24,500.4718, enter 24500.47 If your answer is $24,500.4753, enter 24500.48 If your answer is $24,500.00, enter 24500.00 If your answer is $24,500, enter 24500.00 If your answer is $0.4718, enter 0.47 If your answer is ZERO, enter 0.00 Never enter $ or , when inputting numerical answers If you are asked to input a letter or a word, be sure to spell it correctly and do not add additional spaces or punctuation. QUESTION: Jennifer Inc. produces and sells component parts to manufactures who produce appliances. They have capacity to produce 120,000 units and currently they produce and sell 105,000 units for $35.00 each. A new customer has asked Jennifer Inc. to sell them 12,000 units for $18.75 each. The customer is located in a separate geographical area which Jennifer Inc. does not sell to and therefore Jennifer Inc.'s sales are not expected to change. Unit information for Jennifer's normal level of production is as follows: Using the above information answer the following questions. By how much will operating income increase or decrease by if the order was accepted? Enter your answer as a positive number even if operating income would decrease. A Now assume that the new customer would like their own brand name printed on the part. If Jennifer Inc. accepts the order, it will incur a one-time fixed cost of $21,000 for the rental of an imprinting machine. If Jennifer Inc. accepts the special order by what amount will the operating income increase or decrease? If the operating income will DECREASE enter your answer as a NEGATIVE number. For example, if your answer is a decrease of $10,000.00, then enter −10000.00 If the operating income will INCREASE enter your answer as a POSITIVE number...................................... A
Jennifer Inc. produces and sells component parts to manufactures who produce appliances. They have the capacity to produce 120,000 units and currently produce and sell 105,000 units for $35.00 each.
A customer has asked Jennifer Inc. to sell them 12,000 units for $18.75 each. The customer is located in a separate geographical area which Jennifer Inc. does not sell to, and Jennifer Inc.'s sales are not expected to change. Information for Jennifer's normal level of production is as follows: Variable cost per unit = $25.00Fixed costs = $525,000
Required: A. Contribution margin per unit = Selling price - Variable cost per unitCM = $35.00 - $25.00CM = $10.00Contribution margin ratio (CMR) = Contribution Margin / Selling priceCMR = ($10.00 / $35.00) × 100%CMR = 28.57%Operating income = Sales - Total variable cost - Fixed costOperating income = [(105,000 × $35.00) + (12,000 × $18.75)] - [(105,000 + 12,000) × $25.00] - $525,000Operating income = [$3,675,000 + $225,000] - [$2,925,000] .
Operating income = $975,000Therefore, operating income will increase by $975,000 if the order was accepted.The answer is $975,000.Now assume that the new customer would like their brand name printed on the part. If Jennifer Inc. accepts the order A.Operating income = (Sales × CMR) - Fixed cost Operating income = [12,000 × $18.75 × 28.57%] - $21,000Operating income = $64,285.50 - $21,000Operating income = $43,285.50.
Therefore, operating income will increase by $43,285.50 if Jennifer Inc. accepts the special order.The answer is $43,285.50.
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If primary value-chain activities involve effective management of inbound logistics and support activities include increased efforts in technology development, this is representative of which type of competitive advantage?.
If primary value-chain activities involve effective management of inbound logistics and support activities include increased efforts in technology development, this is representative of the Overall cost leadership type of competitive advantage.
The many business operations and procedures involved in producing a good or providing a service are referred to as the value chain. Research and development, sales, and all other phases of a product or service's lifespan can be included in a value chain.
The phrase "cost leadership" is used when a business positions itself as the industry's lowest-cost producer or supplier of a specific item or service. Because the management must continually seek to reduce costs at every level to remain competitive, implementing the approach is challenging.
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Which of the following is an example of an alliance that failed due to partner incompatibility?
Starbucks/Tata
Disney/Dreamworks
UPS/Staples
Peugeot/GM
An example of an alliance that failed due to partner incompatibility is Peugeot/GM.
What causes of partner incompatibility?A major cause of relationship incompatibility is that partners do not balance what they expect from the relationship and from each other. I analyzed that. Incompatibility refers to persistent and unresolvable disagreements or irreconcilable conflicts between spouses that make it impossible for them to continue to live together as spouses. Incompatibility means that each partner takes a position that excludes the other. For example, one person wants to have another child, but the other spouse does not. How a couple resolves these differences is very fundamental and can determine whether a relationship stands the test of time.
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- Should depreciation be recorded on a building for a year in which the market value of the building has increased? Discuss.
- ‘With proper maintenance, certain equipment will last almost indefinitely, in which case depreciation is not necessary.’ Discuss.
- Discuss whether and how a company should account for a revaluation increase and a revaluation decrease on property, plant and equipment. Discuss also the accounting treatment if such an increase or decrease is reversed.
1. Yes, depreciation should still be recorded on a building for a year in which the market value of the building has increased, as it reflects the ongoing consumption of the building's usefulness, regardless of market value fluctuations.
2. Depreciation may still be necessary for equipment, even if it can last almost indefinitely with proper maintenance, as it considers economic obsolescence and ensures accurate financial reporting.
3. A company should generally recognize revaluation increases and decreases on property, plant, and equipment directly in the equity section of the balance sheet, with subsequent reversals reflected in the revaluation surplus account within equity. This treatment aligns with fair value changes and prevents distortion of the income statement.
Determine which has the market value of the building has increased?1. Should depreciation be recorded on a building for a year in which the market value of the building has increased?
Answer: Yes, depreciation should still be recorded on a building for a year in which the market value of the building has increased.
Explanation: Depreciation is a systematic allocation of the cost of an asset over its useful life, and it is not directly linked to changes in market value. Even if the market value of a building increases, the building still experiences wear and tear, obsolescence, or the passage of time, which reduces its future economic benefits.
Therefore, depreciation should be recognized to reflect the ongoing consumption of the building's usefulness. The purpose of depreciation is to match the cost of an asset with the revenue it helps generate over its useful life, irrespective of market value fluctuations. This ensures accurate financial reporting and provides stakeholders with a realistic view of the company's financial performance and asset values.
2. 'With proper maintenance, certain equipment will last almost indefinitely, in which case depreciation is not necessary.' Discuss.
Answer: Depreciation may still be necessary for equipment, even if it can last almost indefinitely with proper maintenance.
Explanation: Depreciation is not solely based on the physical lifespan of an asset but also on its expected economic usefulness. Even if equipment can last indefinitely with proper maintenance, it may become technologically or economically obsolete over time. Technological advancements may render the equipment less efficient or outdated, reducing its value.
Additionally, changes in market demand or business requirements may make the equipment less useful or even unnecessary. By recognizing depreciation, a company allocates a portion of the equipment's cost to each period of its useful life, reflecting the consumption of its economic benefits. This practice allows for the matching of expenses with the revenues generated by the equipment, providing a more accurate representation of the company's financial performance and asset values.
3. Discuss whether and how a company should account for a revaluation increase and a revaluation decrease on property, plant, and equipment. Discuss also the accounting treatment if such an increase or decrease is reversed.
Answer: When a revaluation increase or decrease occurs on property, plant, and equipment, a company should generally recognize the change directly in the equity section of the balance sheet, rather than the income statement. If the increase or decrease is considered permanent, it is recognized as a gain or loss in the statement of changes in equity. If the increase or decrease is temporary, it is recorded in the revaluation surplus account within equity.
If a revaluation increase is subsequently reversed, it is recognized as a decrease in the revaluation surplus account within equity, offsetting the initial increase. The decrease is not reported as an expense in the income statement. If a revaluation decrease is subsequently reversed, it is recognized as an increase in the revaluation surplus account, offsetting the initial decrease.
Again, the increase is not reported as income in the income statement. These reversals ensure that the accounting treatment reflects the changes in the fair value of the property, plant, and equipment while preventing the recognition of gains or losses in the income statement that could distort the company's financial performance.
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What two important functions does a market system perform?
A market system is an economic system in which individuals and businesses make decisions about production and consumption through the operation of markets. The two important functions that a market system performs are resource allocation and price determination.
Resource allocation is the process of determining how scarce resources, such as labor, capital, and natural resources, should be used to produce goods and services. In a market system, resource allocation is determined by the interaction of buyers and sellers in the market. Firms produce goods and services based on the signals provided by market prices, which reflect the relative scarcity of resources and the demand for goods and services.
Price determination is the process of setting the price of goods and services. In a market system, prices are determined by the interaction of buyers and sellers in the market. Prices provide information about the relative scarcity of resources and the demand for goods and services, which helps to allocate resources efficiently.
Together, these two functions of a market system help to ensure that resources are allocated efficiently and that goods and services are produced at the lowest possible cost.
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Using a loan could help with the purchase of which of the following?a) A new televisionb) A dream weddingc) A housed) Airline tickets to your dream vacation
Using a personal loan could help with the purchase of A house .Option C is correct .
What does the term "personal loan" mean?
When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan).
What is an example of a personal loan?
A personal loan is a sum of money that you can borrow and use for a number of things. For instance, you may utilize a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Online lenders, credit unions, and banks can all provide personal loans.Learn more about personal loan
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explain the concept of benchmarking and its benefits to the auditor
Benchmarking is a process in which auditors compare the performance, practices, or processes of an organization with those of other similar organizations or industry standards.
It involves identifying best practices, performance metrics, or key performance indicators (KPIs) to assess the efficiency and effectiveness of the audited organization's operations.
The benefits of benchmarking for auditors are as follows:
1. Performance Evaluation: Benchmarking allows auditors to evaluate the performance of the audited organization against industry standards or leading competitors. It provides a benchmark against which the organization's performance can be measured, identifying areas of strength and weakness.
2. Identify Areas for Improvement: By comparing the audited organization's practices with those of industry leaders, auditors can identify areas where the organization can improve its processes, operations, or internal controls. This helps in setting targets and goals for improvement.
3. Enhance Audit Effectiveness: Benchmarking helps auditors gain insights into best practices and emerging trends in their specific industry. This knowledge can be applied to enhance the effectiveness and efficiency of audit procedures, allowing auditors to focus on critical areas and allocate resources more effectively.
4. Risk Assessment: Benchmarking can assist auditors in assessing the risk profile of the audited organization by comparing it to industry peers. Identifying areas of deviation from industry norms or standards can highlight potential risks or areas of concern that require further investigation.
5. Stakeholder Communication: Benchmarking provides auditors with objective data and industry-specific insights, enabling them to communicate audit findings, recommendations, and insights to stakeholders in a meaningful and evidence-based manner. This enhances the credibility and value of the audit process.
Overall, benchmarking helps auditors gain a deeper understanding of the audited organization's performance relative to industry standards and peers. It allows auditors to provide valuable insights, recommendations, and guidance to improve operations, mitigate risks, and enhance overall organizational performance.
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pilot projects get diffused when employees have _____, that is, when they understand how the practices in a pilot project apply to them even though they are in a completely different functional area.
Pilot projects get diffused when employees have "transactive memory," which means they understand how the practices in a pilot project apply to them even though they are in a completely different functional area. It enables employees to leverage the lessons learned and best practices identified in the pilot project, even if they are not directly involved in it.
Transactive memory refers to the shared knowledge and understanding among team members regarding each individual's expertise and how it contributes to the overall project. When employees have transactive memory, they are aware of the specific skills, capabilities, and insights of their colleagues in different areas of the organization. This understanding allows them to effectively collaborate, exchange information, and apply the successful practices from a pilot project to their own work.
Transactive memory enhances knowledge sharing, improves communication, and facilitates the adoption and diffusion of innovative practices across different functional areas. It enables employees to leverage the lessons learned and best practices identified in the pilot project, even if they are not directly involved in it.
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Which of the following statements describes the most likely reason why
ethical employees are important for a company?
Answer:
Works because they create products and help the company thrive
Explanation:
Answer: C. It can save money :)
Explanation:
what are the functions of business?
The functions of a business refer to the various activities and processes that a business undertakes to achieve its goals and objectives. These functions can vary depending on the size, nature, and industry of the business, but some common functions include:
Operations: This function involves the day-to-day activities and processes of producing goods or delivering services. It includes tasks such as manufacturing, sourcing raw materials, quality control, inventory management, and distribution.
Finance: The finance function is responsible for managing the financial resources of the business. It involves activities such as budgeting, financial planning, financial analysis, cash flow management, raising capital, investment decisions, and financial reporting.
Human Resources: This function deals with managing the workforce of the business. It includes tasks such as recruitment, hiring, training, performance management, compensation and benefits, employee relations, and compliance with labor laws and regulations.
Information Technology: The IT function focuses on managing and utilizing technology and information systems to support business operations. It includes tasks such as maintaining hardware and software, data management, cybersecurity, network management, and implementing technology solutions to improve efficiency and productivity.
Sales: The sales function involves identifying potential customers, building relationships, and closing deals. It includes tasks such as prospecting, lead generation, sales presentations, negotiation, and order processing.
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There are more corporations in this country than any other business structure.
OTrue
O False
Answer:
O False
Explanation:
Corporations are independent legal entities that have commercial rights like individuals. They can acquire properties, incur debts, enter into contracts, sue, and be sued. The owners are its shareholders and enjoy limited liabilities to its debts. The corporation business structure is most complex to establish and run. Due to this reason, they are fewer in numbers compared to the other forms of business structures.
The sole proprietorship structure is the most common type of business ownership in the US. Of all business structures, the sole trader is the simplest to start and operate.
How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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Match the following Teamwork Skills to their descriptions
1.
Cooperative
2.
Participates
3.
Flexible
4.
Committed
5.
Shares Openly
a.
You are willing to share ideas and knowledge
b.
You are involved in activities
c.
Works well with others
d.
You adapt to others' ideas
e.
You are responsible and dedicated
Answer:
See below
Explanation:
1. Cooperative
Works well with others: A cooperative person fits into teams easily. They willingly undertake tasks and requires no ''pushing'' to fulfill their obligations.
2. Participates
You are involved in activities. It is getting involved in events, functions, or processes as opposed to spectating.
3. Flexible
You adapt to others' ideas. A flexible person accepts and implements other people's ideas. They are not rigid and can work in different environments.
4. Committed
You are responsible and dedicated. A committed individual shows enthusiasm and willingness to achieve the set goals
5. Shares Openly
You are willing to share ideas and knowledge. One is not shy or mean in expressing their ideas and feeling with team members or third parties.
if the marginal propensity to consume is 0.50, by how much will real gdp change in response? enter your answer in billions of dollars.
If the MPC is 0.50, a $100 billion increase in disposable income will lead to a $200 billion increase in real GDP.
If the marginal propensity to consume (MPC) is 0.50, it means that for every additional dollar of disposable income, 50 cents will be spent on consumption. The remaining 50 cents will be saved.
To calculate the change in real GDP in response to an increase in disposable income, we need to use the following formula:
ΔY = 1 / (1 - MPC) x ΔDI
where:
ΔY = change in real GDP
MPC = marginal propensity to consume
ΔDI = change in disposable income
If we assume that there is an increase in disposable income of $100 billion, then the change in real GDP can be calculated as:
ΔY = 1 / (1 - 0.50) x $100 billion
ΔY = 2 x $100 billion
ΔY = $200 billion
This is because the increase in disposable income will lead to an increase in consumption, which will lead to an increase in aggregate demand and production in the economy.
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What are 2 laws in the UK that promote good ethical practice in an organisation?
Answer:i think its uhh carrot
Explanation:
Which of the following is not a typical document associated with a bank checking account? A) Signature card B) Bank statement C) Cash register tape D) Deposit ticket 17) Which of the following describes an activity that increases a company's bank account balance? A) Credit memo B) Debit memo C) Balance sheet D) Certified check
Bank checking account A bank checking account is an account that a person can use to deposit money and withdraw it whenever they like.
A checking account is known as a demand deposit account. It's possible to draw money out of a checking account whenever you need it. When compared to a savings account, a checking account has a higher liquidity ratio. Checking accounts are used to make cash transactions and as a result, they are liquid and frequently use by businesses. Credit Memo A credit memo is a bank document that increases a company's bank account balance. This document is used when there is an overpayment, interest, or when a company receives a refund.
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10–27. Henry Mills is responsible for preparing checks, recording cash disbursements, and preparing
bank reconciliations for Signet Corporation. While reconciling the October bank statement,
Mills noticed that several checks totaling $937 had been outstanding for more than one year.
Concluding that these checks would never be presented for payments, Mills prepared a check for
$937 payable to himself, forged the treasurer’s signature, and cashed the check. Mills made no
entry in the accounts for this disbursement and attempted to conceal the theft by destroying the
forged check and omitting the long-outstanding checks from subsequent bank reconciliations.
a. Identify the weaknesses in Signet Corporation’s internal control.
b. Explain several audit procedures that might disclose the fraudulent disbursement.
The bank reconciliation should be done regularly, there should be an independent reconciliation of accounting records of cash and bank.
Weaknesses in Signet Corporation’s internal control are as follows: Theft or frauds related to the cash disbursements are detected through a bank reconciliation. If the bank reconciliation does not perform regularly, the chance of identifying the discrepancies is minimized.There is a lack of independent reconciliation of accounting records of cash and bank. The individual responsible for reconciling the accounts and issuing the checks has access to assets. This increases the opportunity to commit theft or fraud. No one performs a review of reconciled bank statements.A control system was not implemented to ensure that outstanding checks were not omitted. The reconciliation process failed to detect Mills’s activity, and he was able to commit theft without being detected. A control system is not in place to guarantee the review of cancelled checks.
Several audit procedures that might disclose the fraudulent disbursement are as follows:The auditor must examine the bank reconciliation, which should include canceled checks, and compare the check numbers and amounts with the disbursement journal. This will help to identify the checks that have not been cleared through the bank.The auditor should reconcile the bank statement independently. The bank statement should be examined for any deposits in transit or outstanding checks.The auditor must ensure that there is a control system in place to ensure that all long-outstanding checks are canceled and listed in the cash disbursement journal.The auditor should check whether the individual responsible for issuing checks and reconciling the accounts has taken a vacation. The individual’s work should be reassigned to someone else to ensure that there is no misconduct.The auditor should also check that the cash receipts journal and the cash disbursement journal are cross-referenced.
Thus, the bank reconciliation should be done regularly, there should be an independent reconciliation of accounting records of cash and bank, there should be a control system to ensure that all long-outstanding checks are canceled and listed in the cash disbursement journal, and a review of reconciled bank statements must be performed.
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what instrument includes the specific terms of the loan such as rate, length of term, payment, etc.
Answer:
The instrument that includes specific terms of a loan such as the rate, length of term, payment, and other details is called a Loan Agreement or Promissory Note.
Explanation:
A Loan Agreement is a legal contract between the borrower and the lender, outlining the terms and conditions of the loan, including the interest rate, payment schedule, length of the loan, and any penalties or fees for late payments or default.
The Promissory Note is a legally binding document in which the borrower promises to repay the loan under the agreed-upon terms.
Both instruments serve to protect the interests of the parties involved and ensure a clear understanding of the loan's terms and conditions.
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self-generated feedback is a more powerful motivator than externally generated feedback.
The statement is True. self-generated feedback is a more powerful motivator than externally generated feedback.
Self-generated feedback is the process of evaluating one's own performance, behavior or actions without external input or guidance. It involves a reflective and introspective approach to analyzing one's own strengths and weaknesses, and identifying areas for improvement. Self-generated feedback can be a powerful tool for personal growth and development, as it allows individuals to take ownership of their own learning and development.
Self-generated feedback can take many forms, including self-reflection, self-assessment, and self-evaluation. It requires a willingness to be honest and objective about one's own performance, and a commitment to continuous improvement. Self-generated feedback can be particularly useful in situations where external feedback is limited or unavailable, such as in remote work or self-directed learning environments.
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Complete Question:
self-generated feedback is a more powerful motivator than externally generated feedback. true/false