The error of overstating the ending inventory by $2,700 will have the cost of goods sold Overstated; Net income Understated effect on the cost of goods sold and net income. Option D is correct.
An error in overstating the ending inventory means that the cost of goods sold will be understated by the same amount, which will result in an overstatement of the gross profit and net income.
To calculate net income, gross profit (sales minus cost of goods sold) is subtracted from operating expenses and other income or gains. If the cost of goods sold is understated, the gross profit will be overstated, and subsequently, the net income will also be overstated.
Therefore, an error of overstating the ending inventory will lead to an overstatement of the gross profit and net income. So, the correct option is D.
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Considering the world, we live in now, create a summary Business Continuity Plan (BCP) for a business in major Hotel in Sydney. Create the BCP Framwork: At their core, an official business continuity policy should cover:
1)Business continuity teams
2) A relocation plan
3) Backup technology
4) Document manual and automated workarounds
5) Secure BCP and disaster recovery vendors
A comprehensive Business Continuity Plan designed to safeguard the operations of Hotel Sydney during unforeseen disruptions and emergencies. This plan outlines key strategies, management, and partnerships with trusted vendors to ensure uninterrupted service delivery and guest satisfaction.
The provided Business Continuity Plan (BCP) framework outlines key elements to ensure the hotel's resilience during disruptions. Firstly, dedicated business continuity teams will be formed, comprising personnel from various departments, to coordinate BCP implementation. A relocation plan will be developed to facilitate a smooth transition to alternative locations if the main facility becomes inaccessible.
Backup technology solutions will be implemented to safeguard critical systems and data. The BCP will also outline manual and automated workarounds for essential operations, allowing the hotel to adapt during disruptions.
Lastly, establishing relationships with secure BCP and disaster recovery vendors will provide additional support and expertise when needed. Together, these measures will help the hotel maintain continuity and provide uninterrupted services to guests, even during challenging circumstances.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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All of the following is a capital resource EXCEPT
a pickup truck
a factory
lumber
employees
Answer:
employees
Explanation:
This is because employees are classified as labor not capital
Answer:
d. employees
Explanation:
1.Which agency enforces food safety in a restaurant or foodservice operation?
A Centers for Disease Control and Prevention
B Food and Drug Administration
C State or local regulatory authority
DU.S. Department of Agriculture
The agency enforces food safety in a restaurant or foodservice operation is State or local regulatory authority.
When it comes to ensuring food safety in restaurants or foodservice operations, the responsibility lies with the State or local regulatory authority. This authority can vary depending on the specific region or country. In the United States, for example, the primary agency responsible for enforcing food safety regulations is the local health department or equivalent regulatory authority.
State or local regulatory authorities have the power to inspect food establishments, such as restaurants, cafes, and food trucks, to ensure they comply with health and safety standards. These authorities set regulations regarding food handling, storage, preparation, and hygiene practices. They conduct regular inspections, investigate complaints, and enforce penalties or closures if violations are found.
While other agencies like the Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), and the U.S. Department of Agriculture (USDA) play crucial roles in overall food safety, their primary focus may differ. The CDC primarily focuses on disease surveillance and prevention, the FDA focuses on food product safety and labeling, and the USDA focuses on the safety of meat, poultry, and egg products.
Hence the correct option is (c).
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while performing tests of controls, muina, cpa, selects a sample of recorded cash receipts from the cash receipts journal and compares the date of receipt to the recording date. this is a test of controls primarily providing evidence related to which management transaction assertion?
The test of controls described primarily provides evidence related to the management transaction assertion of accuracy. The accuracy assertion is being primarily tested in this scenario.
By comparing the date of receipt to the recording date, Muina, CPA is testing whether the recorded cash receipts are accurate in terms of the timing of the transaction. This helps to ensure that the financial statements accurately reflect the timing of cash receipts and therefore, the accuracy of the financial statements.
In auditing, tests of controls are designed to obtain evidence about the effectiveness of a client's internal controls over financial reporting. These tests are performed to provide reasonable assurance that the internal controls are operating effectively to prevent or detect material misstatements in the financial statements.
The accuracy assertion is one of the five management transaction assertions that auditors test as part of their audit procedures. The accuracy assertion relates to whether the transactions and amounts recorded in the financial statements are accurate and have been recorded at the appropriate amounts. In other words, the accuracy assertion ensures that the financial statements are free from material misstatements related to amounts or transactions.
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You meet with your manager for a performance review. The manager previously gave you an objective rubric that they would be using for this review. It is likely that your manager ascribes to ______ leadership.
A) Authoritarian.
B) Dmemocratic.
C) Laissez-faire.
D) Theory X.
There are different kinds of leadership. It is likely that your manager ascribes to democratic leadership.
What is a democratic leadership ?Democratic leadership is known to be a kind of balances decision-making work that exist between the group and the leader.
Democratic leadership is said to be also known as participative leadership or shared leadership.
Here, the leadership style is one where the members of the group often take a participative role in the decision-making acts.
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TJ+industries+has+revenue+of+$400,000+and+expenses+of+$250,000.+the+depreciation+cost+is+$80,000+and+marginal+tax+rate+is+35%.+calculate+cash+flow+from+operation.+group+of+answer+choices
The cash flow from operations for TJ Industries is $178,500. To calculate the cash flow from operations, we need to consider the revenue, expenses, depreciation cost, and taxes. The formula for calculating cash flow from operations is:
Cash Flow from Operations = Revenue - Expenses + Depreciation - Taxes
Given the information provided, we can calculate the cash flow from operations for TJ Industries:
Revenue = $400,000
Expenses = $250,000
Depreciation = $80,000
Marginal Tax Rate = 35%
First, let's calculate the net income:
Net Income = Revenue - Expenses
Net Income = $400,000 - $250,000
Net Income = $150,000
Next, we calculate the tax amount:
Tax = Marginal Tax Rate * Net Income
Tax = 35% * $150,000
Tax = $52,500
Now, we can calculate the cash flow from operations:
Cash Flow from Operations = Revenue - Expenses + Depreciation - Taxes
Cash Flow from Operations = $400,000 - $250,000 + $80,000 - $52,500
Cash Flow from Operations = $178,500
Therefore, the cash flow from operations for TJ Industries is $178,500.
The cash flow from operations represents the cash generated or used by a company's core operations, excluding financing and investing activities. It provides insights into the company's ability to generate cash from its day-to-day operations.
To calculate the cash flow from operations, we start with the revenue and subtract the expenses. In this case, the revenue is $400,000 and the expenses are $250,000, resulting in a net income of $150,000.
Next, we add the depreciation cost of $80,000, as it is a non-cash expense. Depreciation represents the reduction in value of assets over time.
Finally, we subtract the tax amount, which is calculated by multiplying the net income by the marginal tax rate of 35%. The tax amount is $52,500.
By adding the net income, depreciation, and subtracting the taxes, we arrive at the cash flow from operations of $178,500. This represents the cash generated from TJ Industries' core operations during the given period.
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A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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the law of supply states that____of a product will be offered at a high place and____of a product will be offered at a low price
Answer:
as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the quantity offered for sale.
Explanation:
An economic system Multiple Choice requires a grouping of private markets linked to one another. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. requires some sort of centralized authority (such as government) to coordinate economic activity. is a plan or scheme that allows a firm to make money at some other firm's expense.
Answer:
The correct answer is the second option: Is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
Explanation:
To begin with, in the economic science the term known as "economic system" refers specifically to the set of institutions that are bound together with the only purpose of fighting against all the economic problems inside the economy itself. Therefore that those institutions work together concious and unconciously in order to avoid macroeconomic chaos in the country, so that the devolpment and growth of that particular economy can succeded in the process of making the most relevant activities in the main focus of it, like selling and buying, etc.
How can I save on insurance?.
A life insurance policy, on the other hand, enables you to amass usable wealth while you're still alive and offers your loved ones financial security in the event of your passing.
Does life insurance work like a savings account?Most people consider life insurance to be protection for their cherished ones in the event that they pass away. In addition to doing just that, life insurance also offers a number of advantages while you're still alive, such as serving as an investment vehicle that allows you to accumulate wealth and increase your savings.You can access something called "cash value" with a permanent life insurance policy, which functions similarly to a savings account. The death benefit and cash value of permanent life insurance are essentially divided into two parts. Both of these pots will be funded by your policy contributions.Your death benefit and cash value increase over time as a result. Similar to a savings account, you can later withdraw the money you've accumulated and spend it however you like. Of course, there is also a growing death benefit that you can leave to your beneficiaries after you pass away.To Learn more About life insurance policy refer To:
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kate, a disgruntled ex-employee of an organization, decided to hinder the operations of the organization and gather sensitive information by injecting malware into the organization's network. which of the following categories of insiders does kate belong to?question 24 options:professional insidercompromised insidernegligent insidermalicious insider
Kate belongs to the category of a malicious insider.
A malicious insider refers to an individual who intentionally and maliciously engages in harmful activities against an organization or its systems. In this case, Kate's intention to hinder the organization's operations and gather sensitive information by injecting malware into the network demonstrates her malicious intent and insider status.
A malicious insider refers to an individual who is an employee or has authorized access to an organization's systems or resources but uses that access with malicious intent to harm the organization or its interests. Malicious insiders typically have insider knowledge and privileges that allow them to exploit vulnerabilities or engage in unauthorized activities within the organization.
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True or false: In the market for lemons example relating to automobiles, the only vehicles left in the market are low quality. This is because buyers of vehicles think every vehicle is medium quality, so all of the high-quality vehicles get sold first.
Answer:
true
Explanation:
sorry kong mali yong sagot ko
Kiran owns a T-shirt shop in a beach community. For many years, he owned the only T-shirt shop in the area. Recently, several other T-shirt shops have opened next to Kiran’s shop. What is likely to happen?
Answer:
most likely kiran is going to go out of business
Explanation:
so he has to step up his products and have something that makes his stuff look outstanding like ads and he might want to have someone with a lot of fame to represent his brand
If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUJackson Raleigh, a registered representative in Memphis, TN, has a client who is a pension fund manager for the Tiger Pension Fund. Raleigh creates several flyers of informational literature about the funds available in the Tiger Pension Fund and emails them to the fund manager so that the fund manager can prints copies of the flyers and make them available to the participants in the pension fund. FINRA would classify these flyers as
A) institutional communications.
B) sales literature.
C) retail communications.
D) correspondence.
explain four effects of coronavirus
Answer:
Four effects of this virus on the human body include;
1. Fatigue
2. Difficulty breathing
3. Cough
4. Fever
Four effects of this virus on the society include;
1. Shortage in the quantity of food.
2. Rise in the cost of commodities.
3. Loss of jobs
4. A slowed education time table
Explanation:
This virus that caused a pandemic in 2019/2020 and still persists till 2021, mostly affects the respiratory tract. It is airborne and can be contacted through the inhalation of the air coming off from an infected person, hence, people are instructed to always wear a nose mask. Touching areas or spots that have the droplets of an infected can also expose a person to the virus.
When contracted, it causes difficulty in breathing, thus making some people dependent on oxygen. Fever, tiredness and cough are also common symptoms.
In the society, problems caused by the virus;
1. Shortage in the quantity of food: Many countries are today suffering from a lack of food because of the crippling effects caused by the lockdown that is associated with the virus. It is even worse for countries that rely on the importation of food.
2. Rise in the cost of commodities: Transportation of goods from one place to another became difficult with the coming of the virus. This also had a telling effect on the cost of goods.
3. Loss of jobs: Many lost their jobs due to the downsizing of businesses.
4. A slowed education time table: Since social distancing and lockdown were advised, schools had to shut down and this slowed the academic time table.
which of the following would be directly counted in gdp in 2016?
a. the lettuce that Subway purchases for its sandwiches
b. the bread that Subway purchases for its sandwiches
c. a 12 inch Subway sandwich purchased by a student
d. the plastic bags that Subway purchases to wrap its sandwiches
e. none of the above
In the context of GDP (Gross Domestic Product), only the final goods and services produced within a country's borders are counted. Intermediate goods, which are used in the production process and are not the final product sold to consumers, are not directly counted in GDP.
Based on this understanding, the answer would be:
c. A 12-inch Subway sandwich purchased by a student. The purchase of the Subway sandwich represents a final good, consumed by the student, and is therefore directly counted in GDP. The lettuce, bread, and plastic bags mentioned in options a, b, and d are considered intermediate goods as they are part of the production process and are not the final product purchased by consumers.
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QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answer:
A. Review the different savings account options that your bank offers.
Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
True or False: Any efforts to create first-time customers through social media posting will likely require some form of paid distribution to supplement free posting. True False
The efforts to create customers on a first-time basis by posting their content on social media will need some amount of consideration to make it a free posting.
What is meant by social media?Social media is a digital platform where people can connect with any individual from any part of the world.
The companies posted their content on the social media platform so that they can attract the customers for the first time, be loyal to customers by providing additional purchasing of products to the recent or old customers, and lastly put some extra efforts toward the search engine optimization.
Therefore, the provided statement is true in all respects.
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When choosing a credit card, you should be cautious of cards that:
A. waives fees and penalties.
B. are issued by your local bank.
C. offer a consistent interest rate.
D. offer an introductory interest rate that will rise over time.
SUBMIT
Answer:
D. offer an introductory interest rate that will rise over time.
Answer:
offer an introductory interest rate that will rise over time.
Explanation:
Which of the following is a good inventory storage practice?
O A.
first in, first out
OB. first in, last out
OC. last in, first out
OD.
last in, last out
Answer:
B.
Explanation:
B. First in First out is good I guess
Answer:
option A: first in, first out
Explanation:
i just answered it myself, and it was the correct answer.
there are many investors in the world, and each must have identical. (True or False)
"There are many investors in the world, and each must have identical" is false. An investor is a person, firm, or other entity who invests in a company or a specific type of security or financial instrument.
Investing entails purchasing assets that will generate profit or provide income over time, rather than acquiring them for consumption or use. Investors seek a greater rate of return than they can get from conventional bank accounts, such as a savings account or a certificate of deposit (CD).They can range from low-risk, low-return investments like government bonds to high-risk, high-return investments like penny stocks, and every point in between.
It is critical to examine the risks and rewards of every investment opportunity before investing.Explanation:An investor's strategy is influenced by a variety of factors, including their age, risk tolerance, and financial goals. Two investors may have completely different investment portfolios, even though they share the same risk tolerance, age, and financial goals.Investing is not a one-size-fits-all approach. The majority of investors tailor their portfolios to their specific needs. Two investors may own the same asset, but they may have different investment goals or a different time horizon in mind for their investments.To conclude, it can be said that investors do not have identical investment portfolios. Each investor has different investment goals, financial objectives, risk tolerance, and time horizon in mind.
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product development includes the generation, screening, and implementation of ideas. select one: a. true b. false
The statement "Product development includes the generation, screening, and implementation of ideas" is TRUE.
Product development is a collection of activities that entail creating and marketing a product or service. It includes all of the stages that go into making a product from its conceptualization to its eventual sale to consumers.
Product development is a complex process that entails numerous steps. To create a successful product, companies must go through the following stages:
Generating new product ideasScreening ideas for feasibilityTesting product conceptsCreating a product prototypeLaunching the product on the marketMarketing and promoting the productConstantly evaluating the product and making modifications as requiredProduct development is essential because it aids businesses in keeping up with their competitors, keeping customers engaged, and expanding their market share. It's a significant investment that requires a significant amount of effort and resources, but it's critical to success in today's business world.
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u.s. drivers are ranked as the least sensitive to changes in the price of gasoline. for example, if the price rose from $3 to $4 per gallon and stayed there for a year, then u.s. purchases of gasoline would fall only about 5 percent. Calculate the price elasticity of demand for gasoline.
The price elasticity of demand is equal to 5% 28.6%, or 0.17. According to the total revenue test, total revenue rises when demand is inelastic and the price rises.
According to news video, if the price increases from $3 per gallon to $4 per gallon, the quantity demanded drops by 5%. As a result, the requested quantity has increased by 5%. Gasoline will cost $1 more per gallon if the price rises from $3 to $4, bringing the average price to $3.50. As a result, the cost of fuel has increased by 28.6 percent. Demand price elasticity equals 5% 28.6%, or 0.17. How much a product's consumption alters in response to price changes is measured by price elasticity of demand. The good is perfectly elastic if the price elasticity is limitless and the demand changes considerably even with a small price modification.
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I have been wanting to write a script for a while now but i dont have a plot, please give me a plot idea most creative gets brainliest
Answer:
plot : in suburbs
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which of the following statements is correct? a. corporations generally face fewer regulations than sole proprietorships b. corporate shareholders are exposed to unlimited liability
The following statement is correct: Corporations generally face fewer regulations than sole proprietorships.The statement "corporate shareholders are exposed to unlimited liability" is incorrect.
What are corporations?
A corporation is a legal entity that is distinct from the owners, shareholders, and officers that make up the organization. Corporations exist independently of their owners and are treated as a separate entity for tax and liability purposes. They are created under state law and must follow specific legal procedures and regulations to remain in compliance.
Corporations, contrary to the first statement, are subject to a variety of legal regulations, including taxation, environmental, and labor laws. Their operations are also subject to scrutiny by the government and regulatory agencies, such as the Securities and Exchange Commission (SEC).
Furthermore, the statement "corporate shareholders are exposed to unlimited liability" is false. Corporate shareholders, unlike sole proprietorships, have limited liability, meaning their personal assets are protected from any losses or debts incurred by the corporation.
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After a presentation is created, there is nothing left to do.
True
False
Answer:
false
Explanation: