(a) The four characteristics of services are intangibility, physical evidence, relationships, and perishability.
(b) In the marketing mix people shape the way customers perceive the service. process largely determined smooth operation of the service, and physical evidence influence the customer's perception of the service.
(a) Four characteristics of services are as follows.
Intangibility: Intangibility is one of the main characteristics of services because services cannot be touched, tasted, smelled, or seen before they are purchased. For example, Banking, consulting, education, and healthcare services can all be purchased and experienced, but none of them can be touched.Physical Evidence: Physical evidence refers to the service environment, which includes the appearance of tangible objects such as buildings, employees' clothing, and business cards. For instance, An IT firm may have the latest equipment and the most up-to-date computer software to show their clients their work. This physical evidence is a significant aspect of their overall service.Relationships: Relationships are a characteristic of services because they often require interaction between the service provider and the consumer. For example, building relationships with clients through social media platforms or email or phone conversations in a BPO company.Perishability: Because services cannot be stored for later use or sold at a later time, perishability is a characteristic of services. For instance, Airline tickets that aren't sold cannot be stored and resold at a later date. Instead, airlines must offer promotions to entice customers to purchase tickets at the last minute.(b) Importance of people, process and physical evidence being integrated with other elements of the marketing mix are as follows.
People: In the marketing mix, people refer to employees, including the sales and customer service teams, who directly interact with customers. These individuals will shape how customers perceive the service. For example, the Employees of a restaurant who are polite and attentive will encourage customers to revisit the restaurant.Process: In service marketing, the process refers to the steps taken to complete a service transaction. Customers' satisfaction is largely determined by how smoothly the service process runs. For example, fast-food chains that have processes in place to ensure quick service have higher satisfaction rates among customers.Physical Evidence: Physical evidence in service marketing refers to the environment in which the service is delivered and how it appears. The physical environment, such as the office layout or website design, can influence the customer's perception of the service. For instance, A hotel that has spacious rooms, well-equipped conference halls and beautiful lawns will help to make customers feel more comfortable.Learn more about Marketing mix:
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Standards that help to shape behaviors towards employees, the organization, and other economic agents are Select one: A. Regulations B. Laws C. Managerial ethics. D. Utility maximizing techniques. E. Social responsibilities.
Answer:
C) Managerial ethics
Explanation:
Managerial ethics can be regarded as rules as well as principles that are out in place by upper management of an organization which serve as a moral guidance for the rest of the organization. It is usually a guidelines put in place by supervisor for employee in the organization to know what is right or wrong. It should be noted that Managerial ethics are Standards that help to shape behaviors towards employees, the organization, and other economic agents.
Stefan and Patricia would like to buy a home, but they aren't sure how large a house payment they can afford. Their combined gross monthly income is $5,000, and they have a $425 education loan payment. Assuming the maximum amount of allowed percentage of 38 percent ratio, Stefan and Patricia qualify for a maximum total house payment of (Show your computations in the space provided below).
Stefan and Patricia qualify for a maximum total house payment of $1,475 per month based on their monthly income and the maximum allowed percentage ratio of 38 percent.
To determine the maximum total house payment that Stefan and Patricia can afford, we need to consider their monthly income and the maximum allowed percentage ratio.
First, we need to calculate their maximum allowed monthly debt-to-income ratio, which is 38 percent of their gross monthly income. To do this, we multiply their gross monthly income of $5,000 by 0.38, which gives us a maximum monthly debt payment of $1,900.
Next, we need to subtract their existing monthly debt payment of $425 for their education loan. This leaves us with a maximum total house payment of $1,475 per month.
Therefore, Stefan and Patricia qualify for a maximum total house payment of $1,475 per month based on their monthly income and the maximum allowed percentage ratio of 38 percent.
It's important to note that while this calculation provides a general guideline, there are other factors to consider when determining affordability, such as the down payment, property taxes, and homeowner's insurance. It's always best to consult with a financial advisor or mortgage lender to determine what is affordable for your specific situation.
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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What are step in identify your target market
Answer:
Step One: Identify the Problems You Solve. ...
Step Two: Check Out Your Current Customer Base. ...
Step Three: Research the Competition. ...
Step Four: Decide on Specific Demographics to Target. ...
Step Five: Take Account of Your Target Market's Psychographics. ...
Step Six: Evaluate.
Which of the following approach used to dispose under allocated or overallocated overheads through spreading among ending work in process inventory, finished-goods inventory, and cost of goods sold?
a. The adjusted allocation-rate approach
b. Cost accumulation approach
c. The proration approach
d. Write-off approach
The correct approach used to dispose of underallocated or overallocated overheads through spreading among ending work in process inventory, finished-goods inventory, and cost of goods sold is c. The proration approach.
The proration approach involves allocating the underallocated or overallocated overheads proportionally to the ending work in process inventory, finished-goods inventory, and cost of goods sold based on their respective amounts. This approach ensures that the under or overallocation is distributed fairly among these components based on their usage or value.
The adjusted allocation-rate approach, on the other hand, involves adjusting the predetermined overhead allocation rate for future periods based on the under or overallocation.
The cost accumulation approach refers to the process of collecting and recording costs for analysis and reporting purposes.
The write-off approach involves directly adjusting the cost of goods sold to account for the under or overallocated overheads without spreading it among other components.
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what other costs of ownership do you need to factor in when thinking about your vehicle costs?
Any vehicle's one-time costs include the purchase price, registration charge, and sales tax, among others. Regular expenses include things like depreciation, insurance, regular maintenance, and fuel. Emergency charges include expenses for things like towing and repairs.
The sum paid by the buyer to purchase a car is known as the on-road cost. The net on-road price of the car, as determined by the car dealer after all reductions, is the purchase cost, also known as the upfront cost of buying a car. After purchasing a car, you could feel the need to make some additional installations to enhance its appearance and functionality. These upgrades could be made to the audio system, new body kits and alloy wheels, inside and back décor, or any combination of these.
The cost of fuel is one of the essential costs a car owner must cover while owning a vehicle.
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What did Roosevelt believe that Taft's focus on breaking up trusts would do?
Taft's emphasis on dismantling trusts, in Roosevelt's opinion, would destroy the system of collaboration and regulation he had set up.
The system of cooperation and regulation that Roosevelt had established with large business, in Roosevelt's opinion, was being destroyed by Taft's focus on dismantling trusts. Roosevelt thought Taft's emphasis on dissolving trusts was misguided.
In fact, Taft filed more antitrust lawsuits during his four years in office than Roosevelt had in his seven and a half. Compared to Roosevelt, Taft was less in favour of having the executive branch of the federal government oversee trust activities.
Theodore Roosevelt cultivated a reputation as a person who broke trust. Political pressure forced him to take action against the trusts. In actuality, TR did not destroy trust. Roosevelt consistently maintained that there was a power greater than that of even the biggest, wealthiest business organization.
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The protection of children’s education rights from excessive work time was guaranteed by the...
a.
The Rehabilitation Act
b.
The Fair Labor Standards Act
c.
The Age Discrimination Act
d.
The Equal Pay Act
Answer:
B
Explanation:
The protection of children's education rights from excessive work time was guaranteed by the The Fair Labor Standards Act (FLSA). The FLSA is the Federal law which sets minimum wage, overtime, recordkeeping, and youth employment standards.
Answer:
ITS B:))))
Explanation:
Which of the following is not a component of good customer service?
Attendance at store trainings
A positive attitude
Asking closed-ended questions to get a definitive yes or no answer
Acknowledge the customer quickly
Answer:
Attendance at store trainings
Explanation:
Customer service is providing prompt, useful, and professional support to existing and potential customers. Good customer service results in happy, satisfied, and loyal customers. Customer service is done through face to face interactions, telephone calls, and through online channels.
Employees or anyone interacting with customers must display a positive attitude, ask closed-ended questions, and acknowledge the customers quickly. These traits will make the customer feel welcomed and appreciated. Attendance at stores trainings is good for sales but does not add much value to the quality of customer service.
As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.
False
True
Answer:
True.
Explanation:
A referee can be defined as an individual who stands as a guarantor for a job applicant with respect to their character and professionalism.
As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.
Anyone know how to work powerpoint?
a financial assessment of a for-profit organization's near future (for one or two years ahead) is a(n)
A financial assessment of a for-profit organization's near future (for one or two years ahead) is a(n) short-term financial forecast.
A short-term financial forecast is a financial assessment that predicts an organization's financial performance for a period of one to two years into the future.
It typically includes projections for revenues, expenses, profits, and cash flows based on historical data, market trends, and other relevant factors.
Short-term financial forecasts are important for businesses to make informed decisions about budgeting, investment, and operations in the near future.
For instance, a company might use short-term financial forecasts to anticipate future sales, expenses, and profits, which can inform decisions such as how much inventory to order, how many employees to hire or lay off, or whether to invest in new equipment or technology.
In addition, short-term financial forecasts can help businesses adjust their strategies based on changes in the market or the business environment, enabling them to remain competitive and adapt to new circumstances.
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answer in the box. Spell all words correctly.
Identify the correct term based on the given scenario.
Chris is disturbed by his supervisor's encouragement to use the corporate credit card whenever he dines out even if it is not work-relate
because "no one ever will ever know." This is against Chris' moral principles, and he refuses to take part in the dishonest behavior. Chriss
in this scenario.
Reset
Next
Integrity, Chris is exhibiting integrity by refusing to engage in dishonest behavior, despite pressure from his supervisor.
Ethical behavior refers to acting in accordance with moral principles and values. In this case, Chris is disturbed by his supervisor's encouragement to use the corporate credit card for non-work-related expenses, which goes against his moral principles. By refusing to participate in this dishonest behavior, Chris is exhibiting ethical behavior.
Honesty, fairness, and decency are just a few examples of the concepts that one must comprehend, embrace, and choose to live by in order to act with integrity. The absence of corruption and hypocrisy is a constant indicator of someone's integrity.
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Under s.166 ITAA36, provides that from the returns and any other information in the Commissioner's possession and any other sources, he must make an assessment of: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a. the amount of taxable income of any taxpayer b. the amount of tax payable by a taxpayer c. the total amount of tax offset refunds a taxpayer is entitled to d. All of the above e. None of the above
The correct answer is d. All of the above. Section 166 of the ITAA36 requires the Commissioner to make an assessment based on returns, information, and other sources.
Section 166 of the Income Tax Assessment Act 1936 (ITAA36) states that the Commissioner must make an assessment based on the returns, information in their possession, and any other sources. This assessment includes determining the amount of taxable income for a taxpayer, the amount of tax payable by the taxpayer, and the total amount of tax offset refunds the taxpayer is entitled to.
Section 166 of the ITAA36 empowers the Commissioner to assess all aspects related to taxable income, tax payable, and tax offset refunds for a taxpayer, making the correct answer to the question (a) the amount of taxable income of any taxpayer, (b) the amount of tax payable by a taxpayer, and (c) the total amount of tax offset refunds a taxpayer is entitled to.
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list three ways you can find jobs in the hidden job market
Answer:
get active on social media use flex jobs and go to conferences
Answer:
networking, direct contact, and research.
Explanation:
edge 2021 ;)
directions: summarize the main idea of the lesson by answering the questions below. suppose you are a farmer who grows wheat that people need to make bread and other foods. discuss the factors that affect the supply of wheat, such as weather, amount of the crop grown, population, etc. is wheat supply elastic or inelastic? what type of help might you expect or need to even out the supply of wheat and make sure your farm remains profitable and productive?
The main factors affecting the supply of wheat include weather conditions, the amount of the crop grown, and population.
Weather plays a crucial role as it directly impacts the growth and quality of the crop. Adequate rainfall and suitable temperatures are necessary for optimal yield. The amount of the crop grown is another factor; if more wheat is planted and harvested, the supply increases. Population also affects the supply of wheat since an increasing population leads to higher demand for food, including wheat-based products.
Wheat supply is generally considered inelastic due to the limited responsiveness to price changes. This is because the production of wheat is influenced by factors like weather and land availability, which are not easily adjustable in the short term.
To even out the supply of wheat and maintain a profitable and productive farm, a farmer might expect or need assistance in the form of access to advanced agricultural technology, financial support through loans or subsidies, and expert advice on best farming practices. Additionally, support in developing improved storage and transportation infrastructure can help in reducing losses and ensuring the availability of wheat to meet the demand.
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1. Four electricians are discussing special requirements for health care facilities. Electrician A says that a nursing home is required to include an emergency system circuit. Electrician B says that GFCI outlets are required in the bathroom area of some critical-care patient rooms. Electrician C says that a nursing home is not required to include an emergency system circuit. Electrician D says that GFCI outlets are required in the bathroom area of the critical-care patient rooms. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician A is correct
C. Electrician D is correct
D. Electrician B is correct.
2. Four electricians are discussing wiring under raised floors in information technology equipment rooms. Electrician A says that wiring under the raised floor requires fire-resistant walls, floors, and ceilings between other occupancies. Electrician B says that wiring under the raised floor requires fire resistant halfway up the walls and floors between other occupancies. Electrician C says that the room must employ a disconnecting means that removes half of the power to all equipment in the room. Electrician D says that a disconnecting means isn't necessary for the room. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician C is correct.
C. Electrician D is correct.
D. Electrician A is correct.
3. Five electricians are discussing grounding. Electrician A says that 6" of an 8' rod or pipe electrode is allowed to extend above the finished grade. Electrician B says that a "made" grounding electrode constructed from copper rod that’s 5/8" in diameter and 100" long is acceptable per the NEC. Electrician C says that 6" of a 16' rod or pipe electrode is allowed to extend above the finished grade. Electrician D says that a "made" grounding electrode constructed from copper rod that's 5/8" in diameter and 50" long is acceptable per the NEC. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician B is correct.
C. Electrician D is correct.
D. Electrician A is correct.
4. Where resistance to ground of a single-made electrode exceeds 25 ohms,
A. additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. the electrode can be omitted.
C. no additional electrodes are required.
D. one additional electrode must be added.
5. According to the NEC, what type of threadless connectors and couplings must be used with rigid metal conduit if installed in masonry?
A. Rain tight.
B. Concrete tight.
С. Weatherproof.
D. Wet/damp listed.
6. Four electricians are discussing NEC requirements for common appliances.
Electrician A says that new, cord-and-plug, single-phase room A/C units must have factory-installed LCDI or AFCI protection. Electrician B says that the cord for a household refrigerator must be visible and readily accessible to be used as a disconnect switch. Electrician C says that the cord and plug don't have to be new. Electrician D says that an old cord with a spliced new plug can be used. Which of the following statements is correct?
A. Electrician A is correct.
B. Electrician B is correct.
С.Electrician C is correct.
D.Electrician D is correct.
7. Four electricians are discussing switchboards and panelboards. Electrician A says that switchboards and panelboards must provide front and rear access to meet accessibility requirements. Electrician B says that unused circuit breakers mounted in a panelboard should not be identified on the circuit directory until they're actually connected for a circuit application. Electrician C says that switchboards can be installed in cabinets. Electrician D says that switchboards aren't intended to be installed in cabinets. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician D is correct.
C. Electrician A is correct.
D. Electrician B is correct.
8. Four electricians are discussing the installation of a luminaire in a clothes closet.
Electrician A says that because the clothes-hanging rod is located five inches from the ceiling, the light fixture that's to be mounted directly over the rod must be recessed.
Electrician B says that a surface-mounted incandescent fixture must be placed at least six inches from the storage area. Electrician C says that a surface-mounted incandescent fixture must be placed at least 12 inches away from the storage space. Electrician D says that a surface-mounted incandescent fixture must be placed at least nine inches away from the storage space. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician A is correct.
С. Electrician C is correct.
D. Electrician D is correct.
The correct options are
B. Electrician A is correct.
D. Electrician A is correct.
B. Electrician B is correct.
A. Additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. Concrete tight.
A. Electrician A is correct.
C. Electrician A is correct.
A. Electrician A is correct.
What are electricians?Generally, An electrician is a skilled laborer who specializes in the electrical wiring of structures, transmission lines, stationary machinery, and other apparatus that is connected to the field.
Installing new electrical components, repairing and maintaining existing electrical infrastructure, and maintaining and repairing existing electrical infrastructure are all possible jobs for electricians.
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branches of accounting
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
Butler, A. (2010). Repeated testing produces superior transfer of learning relative to repeated studying. Journal of Experimental Psychology: Learning, Memory,
Butler's study suggests that incorporating repeated testing into the learning process can lead to superior transfer of learning. It highlights the importance of active retrieval practice in solidifying knowledge and promoting deeper understanding.
The study titled "Repeated testing produces superior transfer of learning relative to repeated studying" by Butler (2010) explores the effects of repeated testing versus repeated studying on the transfer of learning.
In this study, the researchers compared the impact of repeated testing and repeated studying on the transfer of learning. They found that repeated testing led to better transfer of learning compared to repeated studying. This means that when students were repeatedly tested on the material, they were better able to apply what they learned to new situations or contexts.
Repeated testing enhances memory retrieval and strengthens the connections between different pieces of information. It helps to identify gaps in knowledge and reinforces learning through active recall. On the other hand, repeated studying, although it helps with initial learning, may not provide the same benefits in terms of transfer of learning.
Butler's study suggests that incorporating repeated testing into the learning process can lead to superior transfer of learning. It highlights the importance of active retrieval practice in solidifying knowledge and promoting deeper understanding. This finding has implications for educators and learners, emphasizing the benefits of incorporating testing and self-assessment as part of the learning process.
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Shepherds company. Manufactures two types of shoes sneakers and boots .Each sneakers requires 2 direct labor hours and boots require 1.5 direct labor hours.The overhead rate. Per direct hour is $2 .Direct materials for sneakers and boots is $15-$20 .Respectivelay.The total unit cost for each product.
The question is incomplete. The complete question is :
Shepherd Company manufactures two types of shoes - sneakers and boots. Each sneaker requires 2 direct labor hours and boots require 1.5 direct labor hours. The overhead rate per direct labor hour is $2. Direct materials for sneakers and boots is $15 and $20, respectively. Direct labor for sneakers and boots is $5 and $7, respectively. The total unit cost for each product is:
Solution :
The total unit cost for a product = direct materials cost + direct labor cost + overhead cost
The total unit cost for the sneakers and the boots are :
Particulars Sneakers Boots
Direct material cost $15 $20
Direct labor cost $5 $7
Overhead cost $4 $3
Total unit cost $24 $30
The overhead rate per direct labor hour is $2
So, the overhead cost per unit of :
Sneakers : 2 hours at the rate $2 per hour = $4
Boots : 1.5 hours at the rate of $2 per hour = $3
Hence the answer is : total unit cost = Sneakers: $24; Boots: $30
trading that involves purchasing large blocks of securities on the expectation of a favorable price move is called
The trading strategy that involves purchasing large blocks of securities on the expectation of a favorable price move is called "block trading."
Block trading refers to the buying or selling of a large number of shares or securities at one time, typically by institutional investors, such as mutual funds or hedge funds. Block trading can have a significant impact on the price of a security and is often used by investors who believe that a stock is undervalued or poised for a price increase.
However, block trading can also carry risks, such as liquidity concerns and market impact costs, and requires a certain level of expertise and resources to execute successfully.
Block trading is a strategy used by institutional investors to buy or sell a large number of shares or securities in a single transaction. This type of trading is usually done outside of the open market and involves negotiating a price directly with a counterparty, often a broker or another institutional investor.
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how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
Pursuing its own best interests, Firm A will concede that cigarette smoke causes lung cancer _____. Group of answer choices None of the following answer choices is correct. In pursuing its own best interests, Firm A will in no case concede that cigarette smoke causes lung cancer. only if Firm B does not concede that cigarette smoke causes lung cancer regardless of whether Firm B concedes that cigarette smoke causes lung cancer only if Firm B concedes that cigarette smoke causes lung cancer
Answer:
None of the following answer choices is correct.
Explanation:
In pursuing its own best interest Firm A will in no case concede that cigarette smoking causes lung cancer. Cigarette smoking is injurious to health and mostly firm print this warning on the cigarette labels but since it is an addiction people do not care to read this.
Which type of investment best completes the diagram? ? Lowest risk of losing money A. Diversified investment B. Low-risk investment C. High-risk investment D. Certified investment
The correct option is B. Low-risk investment results lowest risk of losing money which best completes the diagram. The least risky investing options include cash deposits, bonds, and money market accounts.
Why an Investment at low risk?There is also little to gain in terms of possible returns or longer-term benefits. Low-risk investment entails making sure that no losses might be disastrous as well as safeguarding against the possibility of any losses.
Low risk investments are by definition safer than comparable ones. In comparison to options, stocks carry less risk. The right is the predetermined ability to acquire or sell an item at a predetermined price on a specific date. Bonds, read on.
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what is its wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
The WACC is Mercy and Co inc. equals to 8.1%
What Is Weighted Average Cost of Capital (WACC)?A company's cost of capital is represented by its weighted average cost of capital (WACC), which assigns a weight to each category of capital. WACC are used as a benchmark rate by businesses and investors to determine the viability of a certain project or purchase.
The computation of the firm's weighted average cost of capital goes as follows:
= Weight of debt*after tax cost of debt + weight of equity*cost of equity + weight of preferred stock*cost of preferred stock
= 0.888*0.089 + 0.112*0.019 + 0*0
= 0.079032 + 0.002128 + 0
= 0.081
= 8.1%
Note: The missing question is attached as picture.
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The Work functionality in QuickBooks Online Accountant enables you to increase organization and efficiency. Can you identify 3 ways it does this from the options shown here? (Select all that apply) By showing a birds-eye view of what’s coming up By flagging what’s overdue By allowing you to filter by Client By sharing access to your practice Dashboard with your clients By letting your client assign tasks to you
The Work functionality in QuickBooks Online Accountant is designed to increase organization and efficiency for accountants and their clients.
There are several ways in which this feature achieves this goal. Firstly, it shows a birds-eye view of what's coming up, allowing accountants to better plan and prepare for upcoming tasks. This can help prevent missed deadlines and ensure that work is completed in a timely manner.
Secondly, the Work functionality flags what's overdue, making it easier for accountants to stay on top of their workload and prioritize their tasks. This feature helps to ensure that nothing falls through the cracks and that all work is completed on time.
Thirdly, the Work functionality allows you to filter by Client, making it easier to manage multiple clients and their respective tasks. This feature helps to streamline the process of managing multiple clients, reducing the risk of errors and ensuring that work is completed efficiently.
Overall, the Work functionality in QuickBooks Online Accountant is a powerful tool for increasing organization and efficiency. By showing a birds-eye view of what's coming up, flagging what's overdue, and allowing you to filter by Client, this feature helps accountants to manage their workload more effectively, resulting in better outcomes for their clients.
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Millions of software programs have been created and have helped to improve the economy. This is an
example of______.
new technology
self-confidence
demand for products
taxes
new business
Answer:
Millions of software programs have been created and have helped to improve the economy. This is an
example of___new technology___.
The may bank statement for accounting services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. other information includes:_________
At the end of August, the cash balance should have been adjusted to $8,180.
A bank reconciliation statement is what?An entity's bank account is matched up with its financial records using a bank reconciliation statement, which is an overview of banking and commercial activity. The statement lists all of the deposits, withdrawals, and other transactions that affected a bank account over a certain time period.
This is the adjusted cash balance:
The adjusted cash balance (under the bank) is calculated as follows: Bank statement balance + Deposit in transit - Unpaid checks = $6,300 + 2,140 - 260 = $8,180
Adjusted cash balance (under book) equals the following= balance as per book + notes obtained - bank service fees - book error = $7,980 + 430 - 50 - (200 - 20) = $8,180
What is the main purpose of bank reconciliation?You must contrast your records with those kept by your bank in order to look for differences between these two sets of information for your cash transactions. By carrying out a bank reconciliation, this is accomplished. While the bank balance indicates the same for the bank's version of the cash records, the book balance represents the finishing balance of your version of the cash records.
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The correct question is:
The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:
-A check for $200 to pay the electric bill was recorded on the books as $20.
-Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
-Checks outstanding totaled $260.
-Bank service charges were $50.
-Deposits in transit were $2,140.
The adjusted cash balance at the end of August should be
The financial aid packages for three students are shown. Which student will have to repay the least amount?
Answer:
Tyler will have to repay the least amount
Explanation:
Tyler (loan = $1400) has the least loan amount as compared to both Kierra (loan = $2500) and Jaden (loan = $3700). Tyler extract his fees from the financial aid package components.
The smaller the loan, the smaller is the repayment amount. Hence, Tyler will have to repay the least amount
Answer:
Tyler
Explanation:
The reason why is because Kierra has to pay back $ 2,500 if you look at her loan section. You do not repay Scholarships, grants, and work study. Next Tyler only has $1,400 in his loan section that is why his is the least. Lastly Jaden has $3,700 in his loan section so he has to pay back $3,700