In September, an airline using accrual accounting received cash from a round-trip ticket sold to a customer for $1,500 The ticket allowed the customer to fly from Denver to Hawail in October and from Hawaii back to Denver in November. When should the airline recognize the revenue? 1. Only in September 2. Only in November 3. In September, October and November 4. In October and November
Answers
The revenue should be recognized in October and November when the airline provides the service to the customer, and the expenses should be recognized in the same period.
According to the revenue recognition principle, revenue should be recognized in the accounting period in which it is earned. In this case, the airline received cash from a round-trip ticket sold to a customer for $1,500 in September, but the ticket allowed the customer to fly from Denver to Hawaii in October and from Hawaii back to Denver in November.
Therefore, the revenue should be recognized in October and November when the airline provides the service to the customer. The matching principle requires that efforts (expenses) be matched with accomplishments (revenues).
In this case, the airline incurs expenses such as fuel, salaries, and maintenance when it provides the service to the customer in October and November.
Therefore, the revenue should be recognized in October and November when the airline provides the service to the customer, and the expenses should be recognized in the same period. Therefore, the correct answer is option 4: In October and November.
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Related Questions
Someone in the 15 percent tax bracket can earn 10 percent annually on his investments in a tax-exempt IRA account. What will be the value of a $16,000 investment in 5 years? 10 years? 20 years? You may use Appendix C to answer the questions. Do not round intermediate calculations. Round your answers to the nearest dollar.
Answers
Answer:
A. $60,653
B. $98,313
C. $136,217
Explanation:
The formula that is used for calculating the annuity value is as under:
Annuity Value in "n" years = Present Value * (1 - (1 + r)^-n) / r
For 5 years:
Annuity Value in "5" years = $16,000 * (1 - (1 + 10%)^-5) / 10%
= $60,653
For 10 years:
Annuity Value in "10" years = $16,000 * (1 - (1 + 10%)^-10) / 10%
= $98,313
For 20 years:
Annuity Value in "20" years = $16,000 * (1 - (1 + 10%)^-5) / 10%
= $136,217
List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
02:55:5
Candace saved her query for her time cards. After running the query once, she found two more pay slips and
added them to the original data table. Which best describes what will happen?
She will be prompted with an error message saying she cannot modify queries multiple times.
The data will not show up in the new query and will need to be resaved.
She will need to design a new query that includes her new numbers.
When the query is run again, the data that meets the new criteria will be retrieved.
Answers
When Candace will need to design a new query that includes her new numbers to get the desired result. Hence, Option D is the correct statement.
What do you mean by query in SQL?A request for facts or statistics from a database desk or a mixture of tables. These facts can be generated as outcomes again via way of means of Structured Query Language (SQL) or as pictorials, graphs or complicated outcomes, for example, fashion analyses from facts-mining tools. This is called as query.
Hence, Option D is the correct statement.
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PLEASE PLEASE HELP ME!!
Entrepreneurs
An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau
Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)
Answers
Explanation:
hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.
Madame C.J. Walker
was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.
Howard Schultz
grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.
James Cash Penney
began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.
Samuel F.B. Morse
grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Joseph A. Unaue
grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States
Answer:
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Explanation:
George Washington Carver
(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.#SPJ2
The Disability Income policy that provides funds to cover only the ongoing expenses of a business upon the disability of its owner is a:
Answers
The Disability Income policy that provides funds to cover only the ongoing expenses of a business upon the disability of its owner is known as a Business Overhead Expense (BOE) policy.
A BOE policy is essential for small business owners, as it ensures the continuity of the business when the owner is unable to work due to a disability. This policy covers expenses such as employee salaries, rent, utilities, and other fixed costs.
In the event of the owner's disability, the BOE policy provides financial support for a specified period, allowing the business to remain operational until the owner recovers or makes alternative arrangements.
By having a BOE policy in place, small business owners can protect their investments and safeguard the livelihoods of their employees.
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What is The Humane Society of North Central Florida's mission? *
Answers
Answer:
Our mission is to build an ecologically sustainable and humane world for all animals.
Explanation:
I hope it help u
, environmental trends and Ethical trends affect a pharmacy business? I need one whole paragraph for them
Answers
The negative impact of the production of pharmaceutical products on the natural environment is well known. However, this remains largely unregulated, meaning the extremely toxic impact it has on both animals and humans continues with no clear end in sight.
International organisations and the pharmaceutical industry have begun to notice that the detrimental impact pharma products have on the environment on a global scale.Pharmaceutical products enter the environment at various stages of their life-cycle, but particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat. Lord Jim O’Neill noted this trend in his 2016 UK government-funded independent Review on Antimicrobial Resistance.Although it is a global issue, like other environmental issues, pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.Health Care Without Harm (HCWH) Europe runs the Safer Pharma campaign to raise awareness of the negative relationship between pharma and the environment and challenge the healthcare industry to clean up its production.The production of both active pharmaceutical ingredients (APIs) and finished dose antibiotics is concentrated in specific locations so the resulting point, source pollution, is in incredibly high concentrations and encourages the development of drug resistance,” says HCWH Europe pharmaceuticals policy officer Dr Adela Maghear. “This practice has a detrimental impact on vulnerable populations living near manufacturing facilities and wastewater treatment plants in these countries.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally.
You will receive $500 tomorrow. You will receive an additional nine cash flows growing at the rate of inflation of 2 percent per year. The nominal interest rate is 10 percent. a. Find the value of the stream of cash flows. Make sure to show your work. b. What is the real value of each cash flow received? Make sure to show your work. c. Find the value of the stream of cash flows, based on real values. Make sure to show your work. d. What do you observe? Explain.
Answers
Answer:
please find the solution which is defined as follows:
Explanation:
please find the table in the attached file:
In point A, The Cashflow value = 5474.86 (premised on the description of cash flows). In point B, the above table the PV of cash flow represents the real cost of its earned cash flow. In point C, its actual value of the cash flow source is 3643.921. In point D, The observation would be that the value of money year after year is depleting and is worth far more as inflation is weak.
What is the minimum number of ceos that the journalist must survey to be within $50,000 of the true average annual salary?
Answers
The minimum range of CEOs that the journalist has to survey to be within $50,000 of the true common annual salary is 76.
To determine the minimal wide variety of CEOs that the journalist needs to survey, we will use the system for sample size calculation with an acknowledged widespread deviation:
n = (Z * σ / E\()^2\)
Where:
n = Sample length
Z = Z-rating corresponding to the preferred stage of self-belief (Z ≈ 1.96 for a 95% self-assurance stage)
σ = Standard deviation
E = Margin of mistakes
Given:
Z = 1.96
σ = $449,300 (preferred deviation)
E = $50,000 (margin of error)
Substituting the values into the components:
n =\((1.96 * $449,300 / $50,000)^2\)
Simplifying the equation:
n = \((8.68)^2\)
n ≈ 75.4624
Since we can not have a fractional wide variety of CEOs surveyed, we round as much as the closest entire number.
Therefore, the minimum range of CEOs that the journalist has to survey to be inside $50,000 of the real average annual salary is 76.
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The correct question is:
"A journalist wants to determine the average annual salary of CEOs in the S&P 1,500. He does not have time to survey all 1,500 CEOs but wants to be 95% confident that his estimate is within $50,000 of the true mean. The journalist takes a preliminary sample and estimates that the standard deviation is approximately $449,300. What is the minimum number of CEOs that the journalist must survey to be within $50,000 of the true average annual salary? Remember that the z-value associated with a 95% confidence interval is 1.96. Please enter your answer as an integer; that is, as a whole number with no decimal point."
a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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Las 7) Find the production level that will maximize the profit if the cost and price functions are Ca) = 10000 + 500x - 1.6x? +0.001x and ple) = 1700 - 7. many recommends that the company manufacture
Answers
To find the production level that maximizes profit, we need to determine the quantity that maximizes the difference between the revenue and cost functions. The cost function is Ca(x) = 10000 + 500x - \(1.6x^2\)+ 0.001x, and the price function is ple(x) = 1700 - 7x.
To maximize profit, we need to find the quantity x at which the difference between the revenue and cost functions is maximized. The revenue function is given by R(x) = ple(x) * x, where ple(x) represents the price function and x represents the quantity produced. In this case, the price function is ple(x) = 1700 - 7x.
The cost function is given by Ca(x) = 10000 + 500x - \(1.6x^2\) + 0.001x, which represents the total cost of production as a function of quantity x. To find the quantity that maximizes profit, we need to find the critical point of the profit function, P(x) = R(x) - Ca(x).
To find the critical point, we take the derivative of P(x) with respect to x, set it equal to zero, and solve for x. This will give us the production level that maximizes profit.
Once the critical point is found, we can evaluate whether it corresponds to a maximum or minimum by examining the second derivative of P(x). If the second derivative is negative, it indicates a maximum profit.
Therefore, by finding the critical point and analyzing the second derivative, we can determine the production level that will maximize profit for the company.
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we all know that every cost must be included in the price of a product. rent, wages, advertising, insurance, raw materials, have to be paid for the company to survive and make a profit. that's true of income taxes too. an income tax is a cost like any other that must be recovered. so corporate income taxes are not really paid for by corporations. corporations simply embed them into the price of products, which are paid by consumers. so a corporate income tax simply passed on to consumers is really an invisible tax. would it be fair to eliminate the corporate income tax and only tax individuals? why did corporations raise employee pay rates when the trump tax cuts reduced the corporate tax rate from 35% to 21%?
Answers
It is true that every cost must be included in the price of a product, including rent, wages, advertising, insurance, raw materials, and even income taxes. Eliminating the corporate income tax and only taxing individuals might seem fair on the surface, as corporations often pass on the cost of taxes to consumers in the form of higher prices
Corporate income taxes are indeed embedded into the price of products and paid by consumers, making them an invisible tax. However, it may not necessarily be fair to eliminate the corporate income tax and only tax individuals. This is because corporations are legal entities that are separate from their owners and have certain privileges and protections that individuals do not have. Moreover, eliminating corporate income taxes would result in a significant loss of revenue for the government, which would have to be made up through other means, such as higher taxes on individuals.
As for why corporations raised employee pay rates when the Trump tax cuts reduced the corporate tax rate from 35% to 21%, there could be several reasons. One possible explanation is that corporations wanted to attract and retain talented employees in a tight labor market. Higher pay rates may have been seen as a way to incentivize employees to stay with the company and to attract new hires. Additionally, higher wages can lead to increased productivity and lower turnover, which can ultimately benefit the company's bottom line. Finally, some corporations may have wanted to show goodwill towards their employees in the wake of the tax cuts, and raising pay rates may have been seen as a way to do so.
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What is the nature of business
Answers
Hopefully this helped. I had to figure it out.
A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $130,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash flows in the statement of cash flows
Answers
Answer:
$70,000
Explanation:
Calculation to determine What amount would be reported for net investing cash flows in the statement of cash flows
Using this formula
Net investing cash flows=(f) Equipment sold- (a) Purchased land
Let plug in the formula
Net investing cash flows=$130,000-$60,000
Net investing cash flows=$70,000
Therefore The amount thatwould be reported for net investing cash flows in the statement of cash flows is $70,000
Wich two following are benefits of consumer programs
Answers
Competitive advantage and customer loyalty are benefits of consumer programs.
What is consumer incentive?
Any reward you offer to persuade clients to buy your goods is a consumer incentive. A consumer rebate is a typical illustration of an incentive scheme. By offering your clients a financial incentive for making a certain purchase, you can conduct a rebate programme.
Customers incentives are gifts given to customers in exchange for actions that promote the brand. The kind of product you are offering will determine the precise layout of the incentives. Customers may receive more credits for sharing a social media post from your business.
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how can a bursting of an asset-price bubble in the stock market trigger a financial crisis
Answers
A bursting of an asset-price bubble in the stock market can trigger a financial crisis by causing a significant decline in asset values, leading to widespread panic and reduced investor confidence. Asset-price bubbles occur when asset prices rise rapidly and become overvalued compared to their intrinsic value, driven by speculative buying and irrational exuberance among investors.
When a bubble bursts, asset prices fall sharply as investors rush to sell their holdings, aiming to minimize losses. This sudden drop in value can create a chain reaction that affects various sectors of the economy. Financial institutions and investors may suffer substantial losses due to the decline in the value of their investments, potentially leading to insolvency or bankruptcy for some entities.
As financial institutions face mounting losses, they may reduce lending or tighten credit standards, making it more difficult for businesses and individuals to access financing. This can further contribute to an economic downturn as businesses struggle to finance operations, leading to job losses and reduced consumer spending.
Additionally, the decline in asset prices can erode consumer and business confidence, causing them to reduce spending and investment. This contraction in economic activity can lead to a slowdown in growth, which may exacerbate the financial crisis.
In summary, the bursting of an asset-price bubble in the stock market can trigger a financial crisis by causing a sharp decline in asset values, widespread panic, reduced investor confidence, and a chain reaction that affects various sectors of the economy, ultimately leading to a slowdown in economic growth.
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Does the state of the US economy have an effect on local businesses started by entrepreneurs? Please explain your answer.
Answers
The state of the United States' economy has an effect on local businesses that are started by entrepreneurs as it determines the amount of sales that the local business would make.
How does the U.S. economy affect local businesses?The state of the U.S. economy determines the income level of the average person in America. If the economy is doing well, then people generally have more income than if the economy is performing poorly.
When the economy is doing well and people have more income, they will be able to buy more goods and services from businesses including the local businesses established by entrepreneurs. If the reverse is the case, then local businesses would generally suffer when the economy is bad and people have less income.
There are also local businesses that see their income increase when the economy is doing poorly for instance, financial planners and health care.
In conclusion, local businesses started by entrepreneurs get affected by the state of the U.S. economy.
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How do companies research potential new markets? Choose a global company who has a record of successful new market entry and explain why it has had this success, and consider also the reasons for any failures.
Answers
Explanation:
Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.
As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of market behavior.
IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.
Oscar received his credit report and sees that his VantageScore is 400. Which factor could be the cause?
a
He filed for bankruptcy 15 years ago.
b
He has five credits cards with high balances.
c
He has a low debt-to-credit ratio.
d
He has applied for his first loan in his life.
Answers
Answer:
b. He has five credits cards with high balances.
Explanation:
A VantageScore is a credit score model that shows the probability that someone will pay the loans. A 400 VantageScore is very poor and people can get this score for different situations like bankruptcies as they will appear in your report for up to 10 years, having high utilization rates on your credit card and missing payments. According to this, the answer is that the factor that could be the cause is: he has five credits cards with high balances because he would have a high utilization rate which hurts the credit score.
The other options are not right because a bankruptcy appears in the report for up to 10 years, a low debt to credit ratio shows that you use your credit in a responsible form and it won't hurt your credit acore. Also, if someone doesn't have a credit history, there is no score because there is no data to define that.
The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answers
Answer:
introduction
Explanation:
I don't know how to explain
Can someone please help me with this
Assignment 4R
(20 points)
Assignment 4R: Career Development
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 4, you learned about career development. Now, you'll apply what you learned.
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page. (1-3 sentences. 3.0 points)
TIP: Separately, you can write out a vision statement for yourself. Since it's personal, you don't have to turn in your vision statement, but you should turn in your answers to at least three of the questions about what you want from your life.
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1-3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answers
Answer:
1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
Customer support, also known as phone support, is the best example of a task that makes a lot of sense to outsource in a corporation. Even if the costs can be large, there are several parts where hiring, having office space and training, and paying taxes on support representatives are not. It makes sense because it is the most effective way to outsource a business to provide a better service to the customer..2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
Human resources professionals are responsible for keeping personnel policies for the organizations for which they operate up to date. These policies regulate how a company is run, from recruiting and firing to sexual harassment and other types of workplace discrimination.New workers are given personnel policies to study, and they are often asked to sign a statement stating that they have reviewed and understand the policies. Policies and processes differ from one organization to the next, but some elements are shared.3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
Where they live, where they came from, and who to contact if anything bad happens are all mentioned under the heading details.Workplace Environment: Be aware of what is going on around you and ensure that it is secure for employees.They should have three or four skills: Being willing to complete the job that has been assigned to them.4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
I would recruit for attitude and then train for skills using employee referral systems. When it comes to hiring, the employees can be a reliable source of information. They have acquaintances and colleagues who work in the same area. Create a policy that allows employees to refer qualified applicants for open positions within the organization. Since skills can be learned, a smart recruiter can look for attitude when hiring workers. The best applicant should have a positive attitude about a job that requires the necessary skills, which is difficult to come by in most cases. As a recruiter, the approach to use here is to find someone who has a good attitude about a work advertisement.perry mazza wants to borrow $30,000 from the bank. the interst rate is 7% and the term is for 5 years. what is the amount of interest paid
Answers
The amount of interest paid by Perry Mazza on borrowing $30,000 from the bank at an interest rate of 7% for a term of 5 years is $10,322.78.
The interest on the loan can be calculated using the formula for compound interest, which is A = P(1+r/n)^(nt) - P, where A is the total amount paid back, P is the principal amount borrowed, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
In this case, P = $30,000, r = 0.07, n = 12 (compounded monthly), and t = 5. Substituting these values into the formula, we get A = $40,322.78. Therefore, the amount of interest paid is $10,322.78 ($40,322.78 - $30,000).
In conclusion, Perry Mazza will pay $10,322.78 in interest over the 5-year term of the loan.
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Lillian purchased a violin from smash music stores. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for one year.
Answers
The sales tax after deducting the discount amount of 10% i.e. $63 is $48.24.
How do you solve sales tax math problems?Add the purchase price to the sales tax rate to calculate the total. A decimal number should be used instead of a percent when converting the sales tax rate. The price is increased by the amount of sales tax after it has been calculated. The final cost, which the customer must pay, is the result.
Given that:
Selling price = $670
Discount = 10%
Tax rate = 8%
Required to calculate the purchase price =?
Net offered price = (1 - 0.10) * 670
Net offered price = 0.90 * 670 = $603
Hence, the purchase price = $603
Required to calculate sales tax amount =?
Hence, sales tax = 8% of the purchase price
Sales tax amount = 8% of $603
Sales tax amount = 0.08 * 603 = $48.24
Thus, the amount of sales tax is $48.24.
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Your question seems incomplete, most probably the completed was;
Lilian purchased a violin from smash music stores. It regularly sold for $670, but wa son slaw for 10% off. She also had to pay 8% sales tax. She bought it on the installment plan and paid 15% of the total cost with tax as a down payment. Her payments were $58 per month for one year. What is her sales tax?
Explain why unions have declined in power in the last few decades.
Answers
Answer: See explanation
Explanation:
There are a number of reasons for the reduction in the power of unions in the last few decades.
One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.
Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.
Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.
If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answers
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost. group startstrue or false
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This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
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This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
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A company's growth rate is a function of its return on equity and dividend payout ratios. true or false
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True, A company's growth rate is a function of its return on equity and dividend payout ratios.
The total value of all dividends given when a corporation delivers cash dividends to its shareholders reduces the stockholders' equity; nevertheless, the impact of dividends varies based on the type of dividends a firm pays. Equity income mostly refers to earnings from stock dividends, which are monetary rewards given by corporations to their shareholders for purchasing their stock. To put it another way, equity income assets are ones that are known to distribute dividends. Even while dividends aren't officially included in shareholder's equity, their impact is nonetheless felt because they lower the amount of shareholder's equity on the balance sheet.
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According to the text, commercial energy use per capita is related to the size of which of the following sets of modern sectors?
A. Commercial buildings, agriculture, transportation
B. Housing, agriculture, industry
C. Manufacturing, agriculture, housing
D. Urban areas, industry, motorized transport
E. Government, agriculture, industry
Answers
D) According to the text, commercial energy use per capita is related to the size of urban areas, industry, and motorized transport.
(Urban areas, industry, motorized transport) is the most closely related set of modern sectors that have a significant impact on commercial energy use per capita. Urban areas tend to have higher energy consumption due to the concentration of commercial buildings, residential areas, and transportation networks. Industrial activities require substantial energy inputs, contributing to overall energy use. Motorized transport, such as cars and trucks, also plays a significant role in energy consumption, especially in urban areas. Therefore, option D (Urban areas, industry, motorized transport) is the most appropriate choice that aligns with the relationship described in the text.
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in designing an effective channel strategy, which of the following would evaluate the justification of costs after using the distribution channel?
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In designing an effective channel strategy, evaluating the justification of costs after using the distribution channel can be achieved through a post-analysis assessment.
This assessment involves measuring the performance and outcomes of the channel strategy, analyzing the costs incurred, and determining if the results justify the investment made. By conducting a comprehensive evaluation, businesses can make informed decisions regarding their channel strategy and optimize their allocation of resources. Evaluating the justification of costs after implementing a distribution channel is a crucial step in designing an effective channel strategy. This assessment involves analyzing the performance and outcomes of the channel strategy and comparing them with the costs incurred during its implementation. By conducting a post-analysis evaluation, businesses can determine whether the benefits gained from the channel strategy outweigh the costs. To evaluate the justification of costs, various metrics can be used, such as sales revenue, customer acquisition cost, profitability, and return on investment (ROI). These metrics provide insights into the effectiveness and efficiency of the channel strategy. For example, if the sales revenue generated through the distribution channel surpasses the costs associated with it, it indicates a positive return on investment. On the other hand, if the costs outweigh the generated revenue, adjustments may be necessary to optimize the channel strategy or explore alternative distribution channels. Additionally, it is important to consider the long-term implications of the channel strategy. While immediate results may not always justify the costs, a distribution channel can have a lasting impact on brand visibility, customer reach, and market penetration. Therefore, a comprehensive evaluation should take into account both short-term and long-term benefits and costs. In conclusion, evaluating the justification of costs after implementing a distribution channel is crucial in designing an effective channel strategy. By conducting a post-analysis assessment and considering metrics such as sales revenue, customer acquisition cost, profitability, and ROI, businesses can determine whether the investment in the channel strategy is justified. This evaluation enables informed decision-making, resource optimization, and potential adjustments to the channel strategy for better outcomes.
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