Based on the following selected data, journalize the adjusting entries as of December 31 of the current year. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank. a. Estimated uncollectible accounts at December 31, $16,000, based on an aging of accounts receivable. The balance of Allowance for Doubtful Accounts at December 31 was $2,000 (debit).b. The physical inventory on December 31 indicated an inventory shrinkage of $3,300.c. Prepaid insurance expired during the year, $22,820.d. Office supplies used during the year, $3,920.e. A patent costing $48,000 when acquired on January 2 has a remaining legal life of 10 years and is expected to have value for 8 years.f. The cost of mineral rights was $546,000. Of the estimated deposit of 910,000 tons of ore, 50,000 tons were mined and sold during the year.g. Vacation pay expense for December, $10,500.h. Interest was accrued on the $100,000, 9% note receivable received on October 17. Assume 360 days per year.
Answers
Answer:
Journal
Adjusting Entries:
a) Debit Uncollectible Expenses $18,000
Credit Allowance for Doubtful Accounts $18,000
To bring the balance to $16,000.
b) Debit Cost of Goods Sold $3,300
Credit Inventory Account $3,300
To record inventory shrinkage.
c) Debit Insurance Expense $22,820
Credit Insurance Prepaid Account $22,820
To record expired insurance for the year.
d) Debit Supplies Expense $3,920
Credit Supplies Account $3,920
To record office supplies used during the year.
e) Debit Patent Amortization Expense $6,000
Credit Patent $6,000
To record impaired value from 10 to 8 years.
f) Debit Cost of Goods Sold (Depletion) $30,000
Credit Mineral Rights $30,000
To record depletion or cost of goods sold.
g) Debit Wages & Salaries $10,500
Credit Wages & Salaries Payable $10,500
To record vacation pay for December.
h) Debit Interest on Notes Receivable $1,875
Credit Interest on Notes $1,875
To record 9% interest accrued for 75 days.
Explanation:
a) The Allowance for Doubtful Accounts will be brought to a balance of $16,000. Since it has a debit balance of $2,000, this is added to get $18,000 which is expensed for the year.
b) Inventory shrinkage increases the cost of goods sold and reduces the inventory account.
c) The expiration of the prepaid insurance means that the amount will be charged to Insurance Expense Account.
d) Office supplies used during the year is an expense.
e) A patent is an intangible asset, which is subject to annual amortization and impairment. Since the asset was acquired on January 2 with a legal life of 10 years, but expected to have a value for 8 years. 8 years is used to calculate the amortization expense instead of 10 years.
f) Mineral Rights are intangible assets, but they are subject to depletion. The depletion represents the cost of goods sold. This is calculated as follows: $546,000 x 50,000/910,000 = $30,000.
g) Vacation pay is part of the Wages & Salaries and should be accrued for the year.
h) Interest on Notes Receivable is calculated as follows: $100,000 x 9% x 75/360 days = $1,875.
i) Adjusting entries are end of the accounting period journal entries used to recognize or accrue income or expenses, which are business transactions that occurred but are not accurately displayed in the records. They balance debits and credits before the financial statements are prepared.
An adjusting entries is a journal entries made at the conclusion of an accounting period in a company's general ledger to note any unrealized revenue or expenses of that period.
Adjusting Entries:
a) Debit Un collectible Expenses $18,000
Credit Allowance for Doubtful Accounts $18,000
(To bring the balance to $18,000)
b) Debit Cost of Goods Sold $3,300
Credit Inventory Account $3,300
(To record inventory shrinkage).
c) Debit Insurance Expense $22,820
Credit Insurance Prepaid Account $22,820
(To record expired insurance for the year.)
d) Debit Supplies Expense $3,920
Credit Supplies Account $3,920
(To record office supplies used during the year).
e) Debit Patent Amortization Expense $6,000
Credit Patent $6,000
(To record impaired value from 10 to 8 years.)
f) Debit Cost of Goods Sold (Depletion) $30,000
Credit Mineral Rights $30,000
(To record depletion or cost of goods sold.)
g) Debit Wages & Salaries $10,500
Credit Wages & Salaries Payable $10,500
(To record vacation pay for December.)
h) Debit Interest on Notes Receivable $1,875
Credit Interest on Notes $1,875
(To record 9% interest accrued for 75 days).
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Related Questions
3. Rhadika opens a jewellery showroom in Obuasi after
completing a course in jewellery designing. She has employed
eleven persons in her showroom. For greater productivity, she
divides the work into small tasks and each employee is trained to
perform his/her specialised job. The sales persons are allowed to
close a deal with a buyer by giving a maximum of 10% discount,
whereas the decision to give any further discount rests with
Ernestina as the final authority. In the earlier days of starting of the
business, five of her employees were asked to put in extra hours of
work. In return she had promised to give them a special incentive
within a year. Therefore, after six months when the business was
doing well, she awarded a cash bonus to each of these employees
to honour her commitment. However, when it comes to settling the
conflicts among her employees, she tends to be more biased
towards her female employees. In context of the above case:
a) Identify and explain the various principles of management that
are being applied by Ernestina by quoting lines from the
paragraph.
b) Identify and explain the principle of management which is being
violated by Ernestina by quoting lines from the
paragraph.
c) State any one effect of the violation of the principle of
management by Ernestina as identified in question
(b).
Answers
After completing a jewelry design course, Radica opens a jewelry showroom in Obuasi.
Briefing:-(a) The following is a list of the several management principles that Radhika is using:
1. The division of labor principle: "The goal of work division is to generate more and better work for the same effort," claims Fayol. The most effective method to employ human labor is through specialization. He argues that the division of labor idea can be applied to both managerial and technical tasks.
She breaks the work down into manageable pieces for increased production, and each employee receives specialized training for their position.
2. The Centralization and Decentralization Principle: Decentralization is the distribution of decision-making authority among multiple people, whereas centralization is the concentration of decision-making authority. Fayol asserts that "there is a need to strike a balance between managers' retaining of final authority through centralization and subordinate involvement through decentralization.
"The salesperson may complete a deal with a buyer by offering a maximum 10% discount; however, Radhika has the final say regarding whether to offer any additional discounts.
3. Discipline is the act of abiding by organizational regulations and employment contracts, which are required for the smooth operation of the company. According to Fayol, effective discipline calls on good superiors at all levels, transparent agreements, and wise use of sanctions.
She honored her word by giving each of these employees a $1,000 bonus after six months, when the company was doing well.
(a) Equity is the management concept that Radhika is breaking.
Fayol claims that in order to ensure that all employees are treated equitably, "common sense and experience are essential. This principle promotes kindness and justice in managers' treatment of employees. The management must not treat someone differently based on their gender, country, language, caste, or religion, among other factors.
However, she "tends to be more biased toward her female staff when it comes to resolving the problems among her employees.
(c)A consequence of the violation of the Principle of Equity is that it may result in male employees being dissatisfied with their jobs.
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44. What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%?
Answers
Answer:
$5,000
Explanation:
A perpetuity pays $250 every year
The appropriate interest rate is 5%
= 5/100
= 0.05
Therefore the present value of the perpetuity can be calculated as follows
= 250/0.05
= $5,000
Hence the present value of the perpetuity is $5,000
Tất cả hàng hóa khi qua các kho đều lần lược qua 4 khâu nào:
a. Nhập, lưu trữ, chọn lọc, giao hàng
b. Nhập, lưu trữ, chọn lọc, xuất kho
c. Nhập, lưu trữ, chọn lọc, phân loại
d. Tất cả đều đúng
Answers
Answer:
c.
Explanation:
____ act as the export sales department for a manufacturer. Group of answer choices International freight forwarders Shippers associations Export management companies Export trading companies
Answers
Answer:
Export management companies
Explanation:
Export management companies acst as the export sales department for a manufacturer.
Export management companies refers to firms that helps in the distribution of goods produced by other firm's in the international market. They export goods on behalf of other firm's.
Export management companies are independent companies that provides support services for other firms engaged in exporting. Services rendered by export management companies includes: insuring, billing, shipping, warehousing among others.
They also help to provide important information that will improve the quality of product to firms who hire them.
pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
Answers
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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What can McDonald’s do to win customers over?
Answers
What was Indiana's total government expenditures in fiscal year 2018-2019? (1 point)
O $15.9 billion
O $11.9 billion
O$34.89 billion
O $34.11 billion
Answers
Indiana's total government expenditures in the fiscal year 2018-2019 is $34.89 billion. The correct option is C.
Public consumption, public investment, and transfer payments made up of capital transfers and income transfers (pensions, social benefits), collectively referred to as government expenditures, are all included in the definition of goods and services.
Fiscal policy is characterized as the strategy used by the government to carry out various economic policy goals through the use of taxation, public expenditure, and public borrowing.
Thus, the ideal selection is option C.
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Bal Corp. declared a $25,000 cash dividend on May 8, 20X5, to stockholders of record on May 23, 20X5, payable on June 3, 20X5. As a result of this cash dividend, working capital
a) Was not affected.
b) Decreased on June 3.
c) Decreased on May 23.
d) Decreased on May 8.
Answers
Answer:
b) Decreased on June 3
Explanation:
May 8, 20X5
This is the dividend declaration date. The accountant simply makes an accounting entry to recognize dividend (debit) and increases liabilities arising due to shareholders for dividend obligation (credit)
May 23, 20X5
This date gives us the number of shareholders who are eligible for the dividend.
June 3, 20X5
This date is when the cashflow happens, Cash decreases by $25,000 and the liability once recognized on May 8, 20X5 decreases. Cash is an element of Working Capital. Decrease in cash means a decrease in Assets and consequently a decrease in working capital.
Lyon Co. collected $1,200 in sales tax from customers during the month of March. In April, Lyon sent the $1,200 sales tax to the state government. The entry to record payment to the state would include which of the following? (Check all that apply.)
Credit to Cash
Debit to Sales Tax Payable
Answers
The entry to record payment to the state would include.
Credit to Cash
Debit to Sales Tax Payable
Which phrase best encapsulates sales tax?A sales tax is one that is levied on both consumer purchases and commercial sales of products and services. It is a form of consumption tax, which means that it levies a fee on every dollar that consumers spend.
Exactly why do consumers pay sales tax?Items like schools, roads, and fire services that are included in the state and local budgets are funded by sales tax. As a lot of localities rely on sales tax to pay for their budgets, they take the collection of all unpaid sales tax very seriously.
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Francine owns a bakery. She agrees to deliver a dozen cakes to Amelia for a surprise party. Francine does not deliver the cakes on time
and Amelia takes her to court. In a court case, Amelia is the:
Select one
a. Binding Authority
b. Defendant
c. Plaintiff
d. Persuasive Authority
Answers
Answer:
c. Plaintiff
Explanation:
Plaintiff is the person or business that takes a lawsuit to court. It is the offended party that moves to court with a complaint against another party. In some instances, like in a civil case, the plaintiff is known as the complainant.
In this case, Amalia is the plaintiff. She has a complaint against Francine, who is the defendant. Plaintiff being the aggrieved party initiates the court process to seek legal redress.
Which of the following is not true regarding continuous improvement? A. It applies to both service and manufacturing companies. B. It is used to reduce performance costs. C. It rejects the idea of “good enough.” D. It can be applied only to improve processes and products but not services and practices.
Answers
The statement that is not true is D. It can be applied only to improve processes and products but not services and practices.
What is Service Organization?A service organization is an organization that offers its services rather than the products usually sold by manufacturing companies and resellers.
In a service organization the most large expense is the human cost also known as the salaries.
If it is a service or manufacturing company, the process can be improved for production of goods and the practice can also be improved.
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Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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will give brainiest
How would the state economy most likely be impacted if all of its restaurants were able to reopen after being closed for six months?
It would decline slightly.
It would decrease greatly.
It would increase considerably.
It would not be affected.
Answers
If all of restaurants of state reopened after being closed for six months then the state economy is most likely to increase considerably. Thus, the correct option is C). It would increase considerably.
What is the effect of the lockdown on our economy?The lockdown would have a great impact on the state economy in different ways. The situation of job lost arise in industries that pay low average wages during the lockdown according to Labor Department employment data.
Capital of a country is exploited and destroyed to the extent that resulted into the decline of the state economy. It could be found that lockdown could result in a direct initial reduction of 20-25% of GDP.
During the recession period due to the lockdown, the government will increase spending, reduce taxes, or do both to expand the economy. Thus, after the lockdown, the state economy would increase considerably.
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If total liabilities increased by $91000 and stockholders’ equity increased by $25000 during a period of time, then total assets must change by what amount and direction during that same period?
Answers
Answer:
$137,000 Increase
Explanation:
Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
Answers
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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briefly explain how the decision support system resolved the problems experienced by the railways
Answers
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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Which scenario is an example of demand pull inflation
Answers
Answer:
Consumers have more money to buy cars, and the prices of cars and car accessories rise as a result. an increase in prices for computers and computer accessories.
Explanation:
Answer:
a
Explanation:
The beginning and ending balances of retained earnings for the year were $30,000 and $35,000 respectively. If dividend payments during the year were $13,000. Determine the net income or net loss for the year.
a. $8,000 net loss
b. $14,000 net income
c. $5,000 net income
d. $11,000 net income
Answers
Answer and Explanation:
The computation of the net income or loss for the year is shown below:
As we know that
Ending retained earnings balance = beginning retained earning balance + net income or net loss - dividend paid
$35,000 = $30,000 + net income or net loss - $13,000
$35,000 = $17,000 + net income or net loss
So, the net income or net loss is $18,000
This is an answer but the same is not provided in the given options
REQUIRED: prepare the Accounting Equation or Journal Entries for the following:
1) On 9/1/19, Strand Corp received a copyright. Cost = $200,000. Copyright had a 7 year legal life
and an estimated useful life of 5 years. Record transaction.
2) Calculate and record Amortization expense for the year 2019 AND 2020
3) Explain the difference between Tangible Assets and Intangible Assets
4) Provide at least 3 examples of Tangible Assets and Intangible Assets
5) Complete E12-12 (page #642) from textbook (see Goodwill notes from Part 4 below)
Answers
1. Accounting Equation:
Assets = Liabilities + Equity
Copyright = $200,000 + 0
Journal Entry:
Date: 9/1/19
Copyright Cost Expense Dr. $200,000
Cash Cr. $200,000
2. Amortization Expense Calculation:
Amortization Expense = (Cost - Residual Value) / Estimated Useful Life
Amortization Expense for 2019 = ($200,000 - ($51,500 * 0.49)) / 5 = $19,490
Amortization Expense for 2020 = ($200,000 - ($51,500 * 0.49)) / 5 = $19,490
Journal Entry for 2019:
Date: 12/31/19
Amortization Expense - Copyright Dr. $19,490
Accumulated Amortization - Copyright Cr. $19,490
Journal Entry for 2020:
Date: 12/31/20
Amortization Expense - Copyright Dr. $19,490
Accumulated Amortization - Copyright Cr. $19,490
3. Tangible assets are physical assets that can be seen and touched, while intangible assets are non-physical assets that cannot be seen or touched but have value, such as patents, copyrights, trademarks, and goodwill.
4. Examples of Tangible Assets: land, buildings, equipment, vehicles, inventory
Examples of Intangible Assets: patents, copyrights, trademarks, goodwill, brand names
5. E12-12
On December 31, 2021, the balance sheet of Calhoun Corp. includes the following shareholders' equity accounts.
Common stock, $10 par, 60,000 shares authorized, 40,000 shares issued and outstanding $400,000
Retained earnings 240,000
Total shareholders' equity $640,000
The following items may be reported as other comprehensive income (OCI).
Unrealized gain on available-for-sale securities, net of tax $22,000
Unamortized loss on pension liability, net of tax $11,000
Foreign currency translation gain, net of tax $31,000
Instructions
(a) Prepare the shareholders' equity section of the balance sheet at December 31, 2021.
(b) Assume that Calhoun Corp. decides to disclose comprehensive income in a separate statement. Indicate how OCI items would be reported in the separate statement.
(a) Shareholders' Equity Section:
Common stock $400,000
Retained earnings 240,000
Accumulated other comprehensive income 42,000
Total shareholders' equity $682,000
(b) Comprehensive Income Statement:
Net income $XX
Other comprehensive income:
Unrealized gain on available-for-sale securities, net of tax $22,000
Unamortized loss on pension liability, net of tax ($11,000)
Foreign currency translation gain, net of tax $31,000
Total other comprehensive income $42,000
Total comprehensive income $XX
Please write out, step-by-step, how you obtained the correct answer for this math problem.
Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?
(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)
Answers
Answer:
The correct answer is "$7,630".
Explanation:
Assuming there are four weeks in a month, then
Joe's income will be:
= \(23.50\times 40\times 4\)
= \(3,760\) ($)
Zola's income will be:
= \(21.50\times (40+5)\times 4\)
= \(21.50\times 45\times 4\)
= \(3,870\) ($)
hence,
The combined gross monthly income will be:
= \(Jose's \ income+Zola's \ income\)
= \(3,760+3,870\)
= \(7,630\) ($)
Answer:
$8,498.75
Explanation:
Jose = ($23.5x40x52)/12=$4073.33
Zola = ($21.5x40x52/12)+($21.5x1.5(overtime pay)x5x52)/12= $3726.67+$698.75=$4425.41
Combined = $4073.33+ $4425.42= $8498.75
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below.
Advertising and Promotion Expenses $ 263,700
Income Tax Expense 56,620
Interest Expense 44,020
Other Expenses 123,600
Other Selling & Administrative Expenses 352,000
Sales Revenue 1,871,300
Salaries and Wages Expense 726,000
Required:
1. Calculate the net income for the Green Thumb, Inc. for Year 3.
2. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $163,200 as of January 1, Year 3, and paid out $46,120 in dividends during Year 3.
Answers
Answer:
a. Green Thumb
Net Income for the year 3
Particulars Amount
Sales revenue $1,871,300
Operating expenses
Advertising expense $263,700
Salaries and wages expense $726,000
Other selling expenses $352,000
Other expenses $123,600 $1,465,300
Earnings before interest and taxes $406,000
Interest expense $44,020
Earnings before taxes $361,980
Income tax expense $56,620
Net Income $305,360
b. Green Thumb Inc.
Statement of retained earnings
For the year ended Dec 31, Year 3
Retained Earnings, Jan 1 year 3 $163,200
Add: Net Income $305,360
Less: Dividend paid $46,120
Retained Earnings, Dec 31 year 3 $422,440
'professionally managed and centrally coordinated marketing channels designed to achieve channel economies and maximum marketing impact are referred to as
Answers
In order to achieve channel economies and the most possible marketing impact, vertical marketing systems—professionally managed and centrally coordinated marketing channels—were developed.
What do you mean by vertical marketing system in terms of marketing?A vertical marketing system is produced when wholesalers, retailers, and manufacturers all collaborate to meet the needs of their customers. It makes it possible for one company to have complete control over the production and distribution of a thing.
A vertical marketing system's ability to act as a system is one of its advantages.The main advantage of VMS is that it allows your company total control over all facets of developing and promoting a product. By being able to see the larger picture, anticipate problems, and make changes as needed, doing this increases your efficiency.
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Case
Demand/supply
To the right/left
More /less (Q)
Income decrease
1
2
3
Price of raw materials decrease
4
5
6
Price of competitors decrease
7
8
9
Fill in the blanks with the correct behavior of the demand/supply curves
Type in the number relevant to it's location when answering,
ex: 1= when income decreases, supply will... and demand will...
8= When competitors price decrease, the curve will shift to the ....
Answers
Answer:
Je ne sais pas
Explanation:
How will I apply my management skills in my future career
Answers
Management skills in your future career Effective communication, Leadership skills, Planning and prioritizing, and Problem-solving skills.
Management skills are critical in any profession. These abilities assist you in maintaining control of the operation and ensure that all personnel are performing at their best. Having efficient management skills is essential for a successful career.
Here are some ways that you can use management skills in your future career:
Effective communication: Effective communication is one of the most important abilities in management. This entails not only conveying your point of view to others but also actively listening to other's viewpoints. In your future job, you will need to interact with a variety of individuals from different backgrounds and cultures, and your communication skills will assist you in effectively conveying the message.
Leadership skills: Leadership is an essential element of management. You must possess the necessary abilities to lead your team and effectively manage them. When you lead by example, your team will be motivated to perform at their best and follow your lead.
Planning and prioritizing: Tasks and workloads are critical components of any profession. You must organize, prioritize, and manage your work effectively to be successful in your future career. Planning your work will ensure that you meet deadlines and deliver high-quality work. These skills will help you manage your time effectively and handle any challenges that may arise.
Problem-solving skills: Management skills can be effectively employed to solve problems that arise in your profession. These abilities can assist you in resolving any conflicts and making difficult decisions. You must have the ability to assess the situation and find a solution that works for everyone involved. These abilities will assist you in being successful in your future career.
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Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is correct?
Answers
Answer:
Statement A
Explanation:
The 2 statements are:
A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements
B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements
The explanation for this is:
- The company is an insurance company
- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made
- There is car insurance, house insurance, life assurance, etcetera.
- So if the insurance company receives proof of loss statements from the customer, it will release funds to solve the customer's dire need
- In this case, it takes 120 days to verify, process and then agree (affirm) to release funds (claims) to the affected customer.
So the answer is Statement A.
Calculate GDP loss if equilibrium level of GDP is $8,000, unemployment rate 8.8%, and the MPC is 0.80. Hint: (Use Okun's law to calculate GDP loss)
Answers
Answer:
Loss of gdp = 7.6%
Eliminate gdp loss = 121.6
Explanation:
According to Okun's law , 12% loss of gdp.
Natural rate of unemployment=5%
Cyclical unemployment = Actual unemployment - Rate of Unemployment
Cyclical unemployment = 8.8% - 5%
Cyclical unemployment =3.8%
Loss of gdp = 3.8%(2)
Loss of gdp = 7.6%
Loss of gdp = (7.6%(8,000)
Loss of gdp = 608
Spending multiplier = 1/(1 - mpc)
Spending multiplier = 1/(1 - 0.8)
Spending multiplier = 1/ 0.2
Spending multiplie = 5
So,
Eliminate gdp loss = 608/5
Eliminate gdp loss = 121.6
6. Why do employees often feel that appraisals “highlight all the bad things they did all year?”
Answers
Explanation: This is accepted by many employees that their senior discriminate them on aspects of gender, race, colour, etc in spite of work performance only. They claim to take personal revenge too sometimes. So this is a danger for work ethics
Answer:
Explanation:
Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.
The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.
Today is time t. Two zero coupon bonds both have a face value of 100 dollars, which means both bonds are expected to pay $100 at Maturity (time T). Bond A is liquid and is often traded by average institutional investors at zero transaction costs. Bond B is illiquid. Its total direct and indirect trading cost is $5 per trade (either buy or sell). Suppose an average-sized institutional trader who wants to own the two bonds will trade three times in either bond (i.e., first buy it at t, then sell it and buy it back again at some time between t and T). Interest rate for discounting future bond price is zero for both bonds. In other words, everyone in this market is not risk averse. What should be the average trader’s evaluation of the bond A and B price today?
A. 100,90
B. 100,100
C. 100,95
D. 100,85
Answers
Answer:
The correct answer is (D) 100,85
Explanation:
Solution:
Two zero coupon bonds both have a face value of = $100
Bond A is liquid and traded by average institutional investors at = 0 transaction costs
Bond B is liquid, with a trading cost of =$5
Now,
As the interest rate for discounting future price is zero, then the Bind price is represented as follows:
Bond price = face value - trading cost
Bond A price = 100 - 3*0 = 100
Bond B price = 100 - 3*5 = 85
Therefore, the average trader's evaluation of the bond A and bond B price today is = 100,85
Firms oftentimes claim a purpose for their operation, but only a few live into it.
Many firms have developed an impressive-sounding purpose that is featured on
their website and later on ignored the purpose. A relevant social purpose is truly
embedded in the company's competitive position and differentiation when it
becomes the central value. Consider the following example:
a. Land O’ Lake “Feeding human progress around the world” and Daone
“bringing health through food to as many people as possible.”
b. In what position do you think the CEO truly engages in creating a social
purpose? Why? what example fits in Corporate Social Responsibility (CSR)
and what example fits in Creating Shared Values (CSV)?
Answers
Answer: I don't know
Explanation: I just need some answers for my qouzs so i can past this school im in