Answer:
Legitimate power.
Explanation:
Legitimate power is the type of one that is exercised by someone in a position of authority in the workplace.
The leader gives instructions based on his official office or title in the organisation.
I'm the given scenario where your superior tells you that they will offer you a raise if you perform additional work beyond the requirements of your job, he is stating conditions got a pay raise based on his position as your supervisor
Answer:
If your superior tells you that they will offer you a raise if you perform additional work beyond the requirements of your job, they are exercising ________ power.
Incentive power.
Explanation:
The superior is exercising the power of incentive. Incentives are motivations for people to take certain actions. They can be positive and negative. These incentives also affect the choices and behavior made by individuals and groups based on different individual and group values. Most often, incentives cause people to change their behavior in certain predictable ways. Superiors can employ various incentive schemes to address organizational changes, and they usually include economic, social, and moral incentives.
it is taking the possession of an asset by purchase
Answer:
A purchase means to take possession of a given asset, property, item or right by paying a predetermined amount of money for the transaction to be completed successfully. In other words, its' an exchange of money for a particular good or service.
Which of the following would not be a part of a company's human resources?
A Managers
B. Full-time employees
C. Temporary employees
D. All would be included as human resources
you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Answer:
Explanation:
In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.
The functions will work together to ensure you run a successful sandwich shop:
Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling. Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability. And finally, management ensures that all these features interact efficiently and are on the path to success.Learn more :
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What is Brad doing when he starts dialoguing with his colleagues about their opinions related to tobacco use at the hospital
Answer: Using collective strategies
Explanation:
Collective strategies has to do with the organizing of people in order to be able to change health damaging environment and this is done through several strategies such as the provision of educational forums, building coalitions, lobbying for legislative changes etc.
Therefore, Brad dialogue with his colleagues about their opinions related to tobacco use at the hospital is the use of collective strategies.
_Case Study_ -
*Factors for effective communication*
Nalisiwe is a community development facilitator. She wanted to help young people in her community by starting a support group. She asked a community leader to call a meeting for youth. The community leader called the meeting and asked youths to bring their identity documents to the meeting so that they may register for the project. Because the young people had been asked to bring their identity documents to the meeting, many youth came to the meeting, thinking that the meeting was about applying for a Job. Those who did not have identity documents did not attend the meeting. The youth were very frastrated when they heard that there were no Jobs on offer, and that the meeting was to discuss setting up a support group for youth.
Nalisiwe was frastrated because she felt that the community leader may have had other political intentions in asking the youth to bring their identity documents.
Questions:
1. What can you tell about the mental make - up of Nalisiwe?
2. What were the needs of the audience (the youth)?
3. What were the circumstantial Demands that influenced the communication?
4. How could Nalisiwe and the community leader have been clearer about the purpose of the meeting when they sent out the invitation to the youth?
5. The identity document became a distraction and a symbol for something different than what was intended. How could they have avoided this ambiguity?
6. How could Nalisiwe have worked towards a shared goal, despite the initial misunderstanding abou
1. Based on the given information, we can infer that Nalisiwe is a proactive and well-intentioned individual who is passionate about community development. She has a clear vision of helping young people in her community and is determined to start a support group for them. However, she may also be feeling frustrated and disappointed due to the misunderstanding that occurred during the meeting.
2. The needs of the audience (the youth) were initially misinterpreted due to the lack of clarity in the meeting invitation. They were looking for job opportunities and saw the meeting as a chance to apply for jobs. Their primary need was employment and the prospect of improving their livelihoods.
3. The circumstantial demands that influenced the communication include the community leader's involvement in organizing the meeting and the way the invitation was communicated. The request to bring identity documents created confusion and led the youth to believe that the meeting was about job applications.
4. To be clearer about the purpose of the meeting, Nalisiwe and the community leader could have clearly stated in the invitation that the meeting was for discussing the establishment of a support group for youth and not for job applications. They could have emphasized the importance of youth participation and highlighted the benefits and objectives of the support group.
5. To avoid the ambiguity surrounding the identity documents, Nalisiwe and the community leader could have explicitly stated that bringing identity documents was not a requirement for the meeting. Instead, they could have focused on conveying the purpose and benefits of the support group, addressing the specific needs and concerns of the youth, and highlighting opportunities for personal growth and community involvement.
6. Despite the initial misunderstanding, Nalisiwe could have worked towards a shared goal by actively engaging with the youth, listening to their concerns, and adapting the support group's objectives to address their needs. She could have facilitated open and transparent communication, clarified any misconceptions, and reassured the youth of the benefits and opportunities the support group could provide. Building trust and maintaining effective ongoing communication would be crucial in aligning everyone towards the shared goal of empowering and supporting the youth in the community.
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How does the ipencil film explain the economics concepts of rational behavior and economic self intrest
The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.
What do you know about iPencil film?
iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.
So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.
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Dobbs Company issues 6%, two-year bonds, on December 31, 2018, with a par value of $106,000 and semi-annual interest payments.
Semi-annual Period-End Unamortized Discount Carrying Value
(0) 12/31/2018 $6,120 $99,880
(1) 6/38/2019 4,598 101,410
(2) 12/31/2019 3,868 102,940
(3) 6/38/2020 1,538 104,470
(4) 12/31/2020 0 106,000
Required:
Use the above straight-line bond amortization table and prepare journal entries for the following:
a. The issuance of bonds on December 31, 2018.
b. The first through fourth interest payments on each June 30 and December 31.
c. The maturity of the bonds on December 31, 2020.
Answer: See explanation
Explanation:
a. The issuance of bonds on December 31, 2018.
Dec 31, 2018.
Debit Cash $99880
Debit Discount on bonds payable $6120
Credit Bonds payable $106000
(to record bond issue)
b. The first through fourth interest payments on each June 30 and December 31.
June 30
Debit Interest expense = $4718
Credit Discount on bonds payable = $1538
Credit Cash (106000×6%×6/12) = $3180
(To record interest)
Dec, 31.
Debit Interest expense = $4718
Credit Discount on bonds payable = $1538
Credit Cash (106000×6%×6/12) = $3180
(To record interest)
June 30
Debit Interest expense = $4718
Credit Discount on bonds payable = $1538
Credit Cash (106000×6%×6/12) = $3180
(To record interest)
Dec, 31
Debit Interest expense = $4718
Credit Discount on bonds payable = $1538
Credit Cash (106000×6%×6/12) = $3180
(To record interest)
c. The maturity of the bonds on December 31, 2020.
Dec 31,2020
Debit Bonds payable = $106000
Credit Cash = $106000
(To record retirement)
Project: Planning for Retirement
a retirement chart
There are many ways to save for retirement: putting money away into a treasure chest, purchasing gold nuggets, investing in real estate, or financial assets. The method that is right for you depends on your income as well as your personal preferences, such as risk tolerance. You can compare different methods and approximate your savings at retirement to help you determine the option that best suits your personal needs and preferences. It is a good idea to approximate the income you will need at retirement before you start investing. This is where retirement planning becomes important to consider. How much money do you think you would need to retire by age 67? Which investment options are the most profitable when saving for retirement?
In this project, you will explore how to construct a retirement plan and consider the various investment options that are financially beneficial as it pertains to retirement
OBJECTIVES
Construct a retirement plan given a yearly salary.
Compare investment options to determine the most financially beneficial option for a given situation.
To construct retirement plan, you can start by creating the retirement chart.
What is a retirement plan?A retirement plan is a financial strategy that helps individuals save and invest for their retirement years. This plan can be a combination of employer-sponsored plans like 401(k) or individual retirement accounts (IRAs). The main objective of a retirement plan is to accumulate enough funds to provide a regular income in retirement. Retirement plans typically involve contributing a portion of your earnings into an investment account that grows over time. The contributions can be tax-deductible, and the earnings grow tax-free until you start withdrawing the money in retirement. The plan may also have restrictions and penalties for early withdrawals. A well-designed retirement plan can help ensure a comfortable retirement with financial security, and it's essential to start saving and investing early to maximize the benefits of the plan.
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Explain project teams
Answer:
A project team is a team whose members usually[quantify] belong to different groups, have different functions and are assigned by the project manager to activities for the same project. A team can be divided[by whom?] into sub-teams according to need. Usually project teams are only used[by whom?] for a defined period of time. They are disbanded[by whom?] after the project is deemed[by whom?] complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations.
Explanation:
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I need the answer please help
As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.
What does a progressive tax means?A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.
We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.
Tax payable is computed as:
= $70,000 * 5.5%
= $3,850
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Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
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Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $36,500 Polyester filling 25,700 Lumber 56,200 Glue 5,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric $396,000 Polyester filling 162,000 Lumber 324,000 Glue 36,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $185,000 $68,000 $108,000 $361,000 Job 602 99,000 32,000 79,000 210,000 Job 603 117,000 50,000 113,000 280,000 Factory overhead-indirect materials $31,300 31,300 Total $401,000 $150,000 $300,000 $31,300 $882,300 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Question Content Area a. Journalize the entry to record the purchase of materials in June. If an amount box does not require an entry, leave it blank. a. - Select - - Select - - Select - - Select - Question Content Area b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. - Select - - Select - - Select - - Select - - Select - - Select - Question Content Area c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $fill in the blank 5520e5fcd047f98_1 $fill in the blank 5520e5fcd047f98_2 $fill in the blank 5520e5fcd047f98_3 $fill in the blank 5520e5fcd047f98_4
a) The journal entries to record materials purchases in June for Yellen Furnishings are as follows:
Debit Raw Materials Inventory:
Fabric $396,000
Polyester $162,000
Lumber $324,000
Glue $36,000
Credit Accounts Payable/Cash $918,000
To record the purchase of raw materials.b) The journal entries to record materials requisitions in June for Yellen Furnishings are as follows:
Debit Factory Overhead $31,300
Credit Raw Materials Inventory: Glue $31,300
To record the requisition of Glue for factory overhead.Debit Work in Process (Job 601) $361,000
Credit Raw materials Inventory:
Fabric $185,000
Polyester $68,000
Lumber $108,000
To record the requisition of materials for Job 601.Debit Work in Process (Job 602) $210,000
Credit Raw materials Inventory:
Fabric $99,000
Polyester $32,000
Lumber $79,000
To record the requisition of materials for Job 602.Debit Work in Process (Job 603) $280,000
Credit Raw materials Inventory:
Fabric $1117,000
Polyester $50,000
Lumber $113,000
To record the requisition of materials for Job 603.c) The determination of the June 30 balances in the materials ledger accounts is as follows:
Fabric Polyester Lumber Glue Total
Beginning inventory $36,500 $25,700 $56,200 $5,900 $124,300
June purchases 396,000 162,000 324,000 36,000 918,000
Materials available $432,500 $187,700 $380,200 $41,900 $1,042,300
Total requisitions $401,000 $150,000 $300,000 $31,300 $882,300
Ending inventory $31,500 $37,700 $80,200 $10,600 $160,000
Transaction Analysis:a) Raw Materials Inventory: Fabric $396,000 Polyester $162,000 Lumber $324,000 Glue $36,000Accounts Payable/Cash $918,000
b) Factory Overhead $31,300
Raw Materials Inventory: Glue$31,300
Work in Process (Job 601) $361,000 Raw materials Inventory: Fabric $185,000 Polyester $68,000 Lumber $108,000
Work in Process (Job 602) $210,000 Raw materials Inventory: Fabric $99,000 Polyester $32,000 Lumber $79,000
Work in Process (Job 603) $280,000 Raw materials Inventory: Fabric $1117,000 Polyester $50,000 Lumber $113,000
Materials Sheet:Fabric Polyester Lumber Glue Total
Beginning inventory $36,500 $25,700 $56,200 $5,900 $124,300
June purchases 396,000 162,000 324,000 36,000 918,000
Materials available $432,500 $187,700 $380,200 $41,900 $1,042,300
Material requisitions:
Job 601 $185,000 $68,000 $108,000 $361,000
Job 602 99,000 32,000 79,000 210,000
Job 603 117,000 50,000 113,000 280,000
Factory overhead-
indirect materials $31,300 31,300
Total requisitions $401,000 $150,000 $300,000 $31,300 $882,300
Ending inventory $31,500 $37,700 $80,200 $10,600 $160,000
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For this discussion, you should put yourself in the role of a moderator as you:
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
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What are unions? What are their roles and policies?
Question 13 of 20
What is intrusion of solitude?
O A. When someone is demonstrating conduct like peeping into
windows
O B. When a person's actions make another person look bad by
association
O c. When a person's likeness or name is used for commercial gain
O D. When X states confidential facts about Y without Y giving
permission
SUBMIT
\(\:\huge\mathbb\red{Answer}\)
Option A is the correct answer
Susan Nicholson sells home furnishings. She is paid an 8% commission on the first
$2,000 worth of sales, 10% on the next $2,500, and 15% on all sales over $4,500. What
is her commission on $4,910 worth of sales?
Let A = Sales Amount
Basic income (B) = 1600
Rate (R) = 4%
Commission (C) = 4*A/100
Total monthly income (T) = 2487.84
T = B + C
T = B + 4A/100
2487.84 = 1600 + 4A/100
2487.84 - 1600 = 4A/100
887.84 = 4A/100
(887.84)/4 = A/100
A= (221.96)*100
A= 22196
So, the sales amount was $22.196, which is the answer.
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What is the the impact of corruption on business cycle
Answer:
Corruption diverts talent and resources, including human resources, towards “lucrative” rent-seeking activities, such as defence, rather than productive activities. business, ultimately raising production costs and reducing the profitability of investments. human capital.
You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds its suppliers. This type of behavior encourages more ethical decision-making byestablishing a specific code of ethics sends a powerful message to employees and customers.
This type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
What is code of ethics?These are guidelines and principles, which governs every actions or decisions taken by an organization. They are rules that must be conform with wherever ethics is established.
Hence, this type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
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What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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Carlin and Marley, an accounting firm, provides consulting and tax planning services. For many years, the firm's total administrative cost (currently $270,000) has been allocated to services on this basis of billable hours to clients. A recent analysis found that 55% of the firm's billable hours to clients resulted from tax planning services, while 45% resulted from consulting services. The firm, contemplating a change to activity-based costing, has identified three components of administrative cost, as follows: Staff Support$200,000 In-house computing charges 50,000 Miscellaneous office costs 20,000 Total$270,000 A recent analysis of staff support found a strong correlation with the number of clients served. In contrast, in-house computing and miscellaneous office cost varied directly with the number of computer hours logged and number of client transactions, respectively. Consulting clients served totaled 35% of the total client base, consumed 30% of the firm's computer hours, and accounted for 20% of the total client transactions. If Carlin and Marley switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would:
Answer:
Carlin and Marley
Using activity-based costing system, the amount of administrative cost chargeable to consulting services would be:
= $89,000
instead of $121,500 using the traditional method.
Explanation:
a) Data and Calculations:
Services provided by the accounting firm = consulting and tax planning
Total administrative cost = $270,000
Traditional allocation basis = billable hours to clients
Services Tax Planning Consulting Total
Traditional cost pool basis:
Billable hours to clients 55% 45% 100%
Activity cost pool bases:
Client base 65% 35% 100%
Computer hours 70% 30% 100%
Total client transactions 80% 20% 100%
Activity Pools Overhead Costs Activity Basis
Staff Support $200,000 Number of clients served
In-house computing charges 50,000 Number of computer hours
Miscellaneous office costs 20,000 Number of client transactions
Total administrative cost = $270,000
Overhead Allocation for each Activity Cost Pool:
Services Total Tax Planning Consulting
Staff Support $200,000 $130,000 $70,000
In-house computing charges 50,000 35,000 15,000
Miscellaneous office costs 20,000 16,000 4,000
Total administrative cost = $270,000 $181,000 $89,000
Traditional costing method:
Billable hours to clients 100% 55% 45%
Amount based on billable hours $270,000 $148,500 $121,500
Last year the Chester company increased their equity. In 2020 their equity was $49,136. Last year (2021) it increased to $54,912. What are causes of change in equity? Check all that apply.
Answer:
solution- subtract
Explanation:
54,912 - 49,136
The correct option for What causes of change in equity is A. Profit of $ 13,051, C. Issue and retirement of stock, E. Dividend payment of $ 7057.
Ending Equity = Begining equity + New issue - Buy back of stock +Profits
Dividends.
The following are caused by changes in equity:
Profit of $13051Issue and retirement of stockDividend payment of $7057The remaining factors do not have any impact on equity.
What is Equity in simple terms?Equity is the amount of capital invested or owned by the owner of the company. The equity is evaluated by the difference between liabilities and assets recorded on the balance sheet of a company. The worthiness of equity is based on the share price or a value regulated by the valuation professionals or investors.
Your question is incomplete. Please read below for the missing content.
Last year the Chester company increased its equity. In 2020 their equity was $49,360. Last year (2021) it increased to $53,800. What are the causes of change in equity? Check all that apply.
Select : 3
A. Profits of $13,051
B. Depreciation of -$41,287
C. Issue and retirement of stock.
D. A bond issue of$1,279.
E. Dividend payment of$7,057.
F. Change in inventory of-$2,139.
G. An accounts payable change of$1,984.
H. A change in short-term debt of-$4,032.
I. A change of plant and equipment of$9,580.
J. A change in cash of -$494.
K. Plant Improvements of $9,580
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what is the meaning of Accounting?
Accounting is the process of recording financial transactions pertaining to a business.
Answer:
The meaning of accounting is the action of dealing with money like a bank for a example.
Joy Warren is an employee at Jankoski Cycles. She earns a salary of $38,215 annually, paid semimonthly. She contributes to the following fringe benefits and other deductions:
Medical insurance: $238 per pay period
Dental insurance: $24 per pay period
401(k): 6 percent of gross pay
Additional withholding: $134 per month
Required:
What is the total annual amount of Joy’s fringe benefits and other deductions? (Round your answers to 2 decimal places.)
I had originally had these answers and was wrong :
Based on the salary that Joy earns and her deductions, the total annual deductions are:
Medical insurance - $5,616Dental insurance - $576401 (K) - $2,292.90Additional withholding - $1,608What are Joy's deductions?Joy is paid semimonthly which means twice a month. In a year she is paid:
= 12 x 2
= 24 times
The annual medical insurance is:
= 238 x 24
= $5,616
The annual dental is:
= 24 x 24
= $576
The 401(k) is:
= 6% x 38,215
= $2,292.90
The additional withholding is:
= 134 x 12
= $1,608
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Define monopoly is this correct answer
A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
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the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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7. What ............. do tonight, eat out or stay in?
a) would you rather
b) had you rather
c) do you rather
d) will you rather
8. This picture, previously entitled ‘Outskirts of a Village’, probably ............. a scene from the artist’s home town in France.
a) paints
b) defines
c) depicts
d) exposes
9. The walk was .............. I need a good rest now.
a) exhausting
b) relentless
c) boring
d) tired
10. When the police got ............. to the bank, the suspect has already left.
a) back
b) in
c) through
d) on
11. Choose the correct sentence.
a) Amish can’t have a long hair
b) I’ve just heard a very interesting news
c) There’s always a terrible traffic in Los Angeles
d) It’s best not to take too much luggage
12. Do not forget to take your umbrella. It ............. by the time you get to work.
a) is going to snow
b) will be snowing
c) will snow
d) will have snowed
13. Reynold usually painted with brushes 18 inches in length; he worked always standing, and he placed his canvas on his ............. close by his sitter, almost side by side.
a) easel
b) palette
c) wood cut
d) frame
14. The silhouetted figure was placed in a narrow vertical ..............
a) line
b) format
c) symmetry
d) arrangement
15. Joseph William Turner was essentially ............., but was also a fervent and lifelong supporter of the royal academy.
a) self-taught
b) mature
c) fashionable
d) talented
Answer:
7. the correct answer is a) would you rather. This phrase is used to ask about preferences or choices between two things. The other phrases are not grammatically correct or idiomatic
8. the correct answer is c) depicts. This word means to represent or show something in a picture or story. The other words have different meanings: paints means to cover a surface with paint or to create a picture with paint; defines means to explain the meaning of a word or concept; exposes means to reveal something hidden or to make something vulnerable
9. correct answer is a) exhausting. This word means to use up all the physical energy of someone or something. The other words have different meanings: relentless means continuing without stopping or weakening; boring means not interesting or exciting; tired means feeling a need to rest or sleep
10. correct answer is b) in. This word means to or toward a previous place or condition. The other words have different meanings: back means in return or further away; through means from one end or side to another; on means touching and being supported by something
11. correct answer is d) It’s best not to take too much luggage. This sentence uses a plural noun (luggage) correctly
12. correct answer is d) will have snowed. This sentence uses the future perfect tense, which is used to describe an action that will have been completed at some point in the future
13. correct answer is a) easel. This word means a frame for supporting something (such as an artist’s canvas)
14. correct answer is b) format. This word means the shape, size, and arrangement of something
15. correct answer is a) self-taught. This word means having learned a skill or subject by oneself, without formal instruction.
After 200 feet of drilling on the first well, a soil test is taken.
What are the revised probabilities
Answer:
i cannot understand ans write full questiona. Suppose we have a three year fixed-payment loan with $300 payments made at the end of each year. Given a market interest rate of 6 percent, how much was initially borrowed?
The amount that has been initially borrowed is $802, having an annuity payment of $300 at the end of each year and a market interest rate of 6%.
What is annuity?An annuity is a series of payments made at regular intervals in the financial world. Regular savings account deposits, monthly home mortgage payments, monthly insurance payments, and pension payments are all examples of annuities. The frequency of payment dates distinguishes annuities.
The formula for calculating the present value of an annuity which is actually the sum borrowed is :
V= A/i {1-(1+i)^-n} , where,
A= fixed payment of annuity,
i= market rate of interest, and
n = number of years
V= 300/0.06{1-(1+0.06)^-3}
= 300/0.06{1-0.8396}
= 300/0.06 × 0.1604
= $802
Therefore, $802 was initially borrowed.
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