Answer:
Instructions are below.
Explanation:
Giving the following information:
Company - Job 62 - Job 63
Direct materials: $60,000 - $4,500 - $7,100
Direct labor: $25,000 - $2,500 - $4,200
overhead costs $72,000
Machine hours: 90,000 - 1,350 - 3,100
During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month.
A) To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 72,000/90,000
Estimated manufacturing overhead rate= 0.8 per machine-hour
B) Total manufacturing cost= direct material + direct labor + allocated overhead
Job 62:
Total manufacturing cost= 4,500 + 2,500 + 0.8*1,350
Total manufacturing cost= $8,080
Job 63:
Total manufacturing cost= 7,100 + 4,200 + 0.8*3,100
Total manufacturing cost= $13,780
C) Unitary cost= total cost/ number of units
Job 62:
Unitary cost= 8,080/1,000= $8.08
Job 63:
Unitary cost= 13,780/2,000= $6.89
D) First, we need to apply overhead for the company as a whole:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 0.8*95,000
Allocated MOH= $76,000
Now, we can calculate the over/under applied overhead:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 71,000 - 76,000
Overapplied overhead= $5,000
E) Job 62= 14,000
Job 63= 18,000
Gross profit= sales - cost of goods sold
Job 62:
Gross profit= 14,000 - 8,080= $5,920
Job 63:
Gross profit= 18,000 - 13,780= $4,220
as Vincent gets older, he tends to look for high-paying jobs, watch for sales, and search for items and opportunities that invite happiness and fulfillment. What does Vincent's behavior demonstrate?
Vincent's behavior demonstrates rational self-interest.
What does Vincent's behavior demonstrate?Vincent's behavior of seeking high-paying jobs, looking for sales, and searching for opportunities that bring happiness and fulfillment aligns with the concept of rational self-interest. Rational self-interest refers to individuals making choices and pursuing actions that they believe will maximize their own well-being or self-interest.
In this case, Vincent is actively seeking opportunities that offer financial benefits (high-paying jobs, sales) and personal satisfaction (happiness and fulfillment). His actions are driven by the desire to improve his own economic and personal circumstances which is indicative of rational self-interest.
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Justify the role of ethics in the workplace
The role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
What do you understand by the role of ethics?Ethics can be thought of as the rules that direct our behaviour so that we make the best decisions for the benefit of everybody. In order to tell the truth, maintain our word, or assist a stranger in need, we must follow ethical principles.
A company that implements a workplace ethics programme aligns employee behavior. This encourages transparency, collaboration, and trust as a result. Additionally, workers perform better at their professions when they are aware of the expectations of their superiors.
Integrity is among the most crucial working ethics. Additionally, employees grow to feel attached to and devoted to the company.
Therefore, the role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
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who was the 3rd overall pick in the 2020 nba draft and what team selected him?
Answer:
The Charlotte Hornets selected LaMelo Ball :)
The 3rd Overall Pick was LaMelo Ball ,Selected by the Charlotte Hornets
Write the quadratic equation in standard form that corresponds to the graph shown below.
The quadratic equation of the graph in standard form is y = x² + 2x - 8
What is a quadratic equation in standard form?A quadratic equation in standard form is given by y = ax² + bx + c
Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at
(-4, 0) and(2, 0)The x - intercepts are the roots of the quadratic equation.
So, we have that
x = -4 andx = 2So,
x + 4 = 0 andx - 2 = 0So, the factors of the quadratic equation are
x + 4 andx - 2So, multiplying the factors, we have that the equation is
y = (x + 4)(x - 2)
= x² - 2x + 4x + 4 × (-2)
= x² - 2x + 4x - 8
= x² + 2x - 8
So, the quadratic equation is y = x² + 2x - 8
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Select all that apply. It is important for teams to do each of the following: create a unified commitment have a shared standard develop team structure set goals
Answer:
It is important for teams to: Set goals, develop team structure, create a unified commitment.
Explanation:
would you suggest Unilever implement supply base optimisation? Justify your stance by discussing at least 2 key points.
Answer:
Certainly, it is advised that Unilever pursue supply base optimization.
Explanation:
Supplier base optimization is a method that aims to simplify the supplier base by identifying and eliminating providers that are not delivering value. Unilever may obtain better economies of scale and negotiate better pricing for the products and services it purchases by lowering the number of suppliers. This might result in cost savings for the organization, which could be passed on to consumers or reinvested in other parts of the business.
Improved Agility and Risk Mitigation: Unilever can lower its susceptibility to supply chain disruptions by streamlining its supplier base.With fewer suppliers to oversee, the organization is better able to monitor and manage supplier performance, identify possible hazards, and adopt risk mitigation methods. This can assist to assure supply continuity, shorten lead times, and increase overall supply chain agility.
In conclusion, applying supply base optimization may assist Unilever in improving efficiency, lowering costs, increasing agility, and mitigating supply chain risks.
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If you want to be a resource scientist, which of the following is required in order to begin in that field?
A: Bachelor's degree
B: Associates degree
C: Doctorate degree
discuss three types of elasticity of demand with various exa
mples
Answer:
Perfectly Elastic Demand
Perfectly Inelastic Demand
Relatively Elastic Demand
Relatively Inelastic Demand
Explanation:
Melba has a small business that sells cosmetics. During 2021, she uses $7,425 of her inventory for her personal use. How much of that $7,425 may Melba deduct from the gross income of the business?
Withdrawals from the inventory for personal uses are not charged to the income or profit of the business . Here in this case ,melba uses $7,425 of her inventory for her personal use. It is not charged to the income or profit of the melba's business . It is charged on melba's capital.
What is inventory?
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset. Inventory is a crucial asset for any business. It is described as the assortment of raw materials or completed products that a company maintains throughout the normal course of operations.
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Latasha is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because her pool sessions are helping her swim more quickly, Latasha plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Latasha's plan illustrate that her husband's advice does not?
a. People usually exploit opportunities to benefit themselves.
b. All costs are opportunity costs
c. Resources are scarce.
d. Many decisions are taken using marginal thinking
The principle that Latasha caters for that her husband does not is that d. Many decisions are taken using marginal thinking.
Marginal decision makingInvolves making decisions based on the marginal costs and benefits. A person will make a decision that has more benefits than costs.By swimming more, Latasha would make get the benefit of being better at something she is already good at. If all she does is swimming however, she would incur costs of losing out in the other activities which would surpass the benefits of being good in swimming alone.
In conclusion, option D is correct.
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What restriction did the US government place on advertising in 1997?
O
A.
a ban on tobacco advertising
B.
a ban on direct mail advertising
OC.
a ban on advertisements related to food, cosmetics, and healthcare products
D.
a ban on deceptive advertisements
O E.
a ban on internet advertisements
Answer:
The answer should be D, a ban of deceptive advertisements.
Explanation:
In the 90s the government cracked down on deceptive advertising more than ever and more laws on the matter were added. The only other option that was actually ever banned was A, none of the other choices were ever banned. The ban on tobacco happened in the 70s under Nixon, that makes D the only possible answer. Hope this helps! :)
Answer:
D
Explanation:
The Tobacco Master Settlement Agreement reached in 1997 bans outdoor, billboard and public transportation advertising of cigarettes in 46 states. Restrictions on cigarette were further tightened in 2010 with passage of the Family Smoking Prevention and Tobacco Control Act.
Create a Logo and Protect It
Required Materials
Design software (slideshow presentation software, graphic design software)
Internet access
Online application
You and your best friend decide you would like to open a coffee shop. Create a sample logo, showcasing the name of your coffee shop. Determine the most appropriate way to protect your business name and logo through choosing the applicable intellectual property law.
Follow these steps to complete this activity. You will choose a name, create a logo with your preferred design program, and fill out a sample application for protecting your intellectual property.
Step 1: Create a name and relevant logo
Decide on a name for the coffee shop.
Using your preferred design program, create a relevant logo.
Step 2: Choose intellectual property law and do online research
Determine which intellectual property law applies to protecting names and logos.
Go online to your state’s government site.
Find applications to register and protect intellectual property.
Step 3: Complete the application
Download the appropriate application.
Fill it out as if you planned to submit it.
Create a name and logo for your coffee shop, choose trademark law for intellectual property protection, conduct online research, and complete a sample trademark application with accurate information and supporting documents.
Step 1: Create a name and relevant logo
Name: Choose a unique and distinctive name for the coffee shop, such as "Brew Haven Coffee Co."
Logo: Use graphic design software to create a visually appealing logo that reflects the essence of the coffee shop, incorporating elements like coffee beans, a coffee cup, or related imagery.
Step 2: Choose intellectual property law and do online research
Intellectual Property Law: Trademark law is the most appropriate form of intellectual property protection for business names and logos. It grants exclusive rights to use and protect distinctive names, logos, or symbols associated with goods or services.
Online Research: Visit your state's government website and search for the relevant trademark registration and protection information.
In the United States, the United States Patent and Trademark Office (USPTO) is responsible for trademark registrations. Explore their website to understand the registration process, requirements, and fees.
Step 3: Complete the application
Download: Visit the USPTO website (uspto.gov) and download the trademark application form (USPTO Form 1).
Fill out the application: Provide accurate and detailed information about your coffee shop's name, logo, and the goods or services associated with it. Include a specimen of the logo (such as a high-quality digital image) as required.
Submit: If you were planning to submit the application, follow the instructions provided by the USPTO for payment of fees and submission procedures.
Remember, this is a simplified explanation and process. It is advisable to consult with a legal professional specializing in intellectual property to ensure compliance with specific regulations and to maximize protection for your coffee shop's name and logo.
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Which of the following often occurs with money and prices when the government prints more money and places it into circulation?
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $16,160, and her insurance company paid $4,040 toward its cost. The pool increased the value of Linda's house by $5,656, and it has a useful life of 10 years.
How much of a deduction (before any AGI limitations) is Linda entitled to in the year of installation of the pool?
$fill in the blank 1
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The amount of deduction is $6464
What are AGI limitations?Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.
On more information, please refer to the instructions for Form 1040 (PDF Schedule 1). If you file your taxes using the Married Filing Jointly status, the $73,000 AGI ceiling applies to the total amount of income that both of you bring in as a married couple.
Compute the amount of deduction as follows:
The deduction amount would be allowed as an expense in the year of installation.
Amount of deduction allowable = Special Equipment cost - Increase in property value -Insurance Received
Therefore
=16160- 4040 - 5656
= 6464
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Using your economic knowledge and the information you learned about Oprah Winfrey compose a well-written three-paragraph biography about her that illustrates the importance of the US market-based economy in the entrepreneur’s success.
Oprah Winfrey taught me that the power lies in your fear of it. Real freedom comes from facing the truth. Oprah always saw potential in taking chances, as any great leader would. The biggest risk in life, in her opinion, is not having the courage to take a chance.
Why it is called an entrepreneur?A firm or enterprise's organizer, manager, and risk taker is referred to as the entrepreneur. An entrepreneur is a change agent. Finding innovative methods to combine resources is the process of entrepreneurship.
When the market value created by this novel combination of resources is higher than the market value that these resources separately or in other combinations could create elsewhere, the entrepreneur is successful.
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What is a common way to purchase an automobile?
Answer: with cash.. or you can set a loan
Explanation:
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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3. List two things that should be included in the opening of a cover letter.
The opening of a cover letter will includes
Greeting and introductionPurpose statementWhat should be included in the opening of a cover letter?The opening of a cover letter plays a crucial role in making a positive first impression and should begin with a polite greeting, addressing the recipient by name if known and followed by a brief introduction of yourself.
This sets the tone for a professional and personalized approach. It is important to clearly state the purpose of the cover letter including the specific position you are applying for and briefly mentioning the source through which you discovered the opportunity.
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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In which class setting has research shown that students report feeling less threatened in reaching out for help from peers or their teacher?
No difference between the two
Online environment
Classroom environment
Research shown that students report feeling less threatened in reaching out for help in Online Environment.
Online Environment classroom can also be called a Virtual Learning Environment and this type of Learning is based on Web platform which allows interaction between the Tutors and Student.
This schools allows digital contact among the Student and Teachers either as part of school schedule or during Holiday.
Various research have shown that student are more likely to ask for help on their studies on Online Environment than in Physical Environment because they feel more confident Online than in Physical
Therefore, in conclusion, Option D is correct.
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Tucker, Inc. on January 1, 2017 initiated a noncontributory, defined-benefit pension plan that grants benefits to its 100 employees for services rendered in years prior to the adoption of the pension plan. The total expected service-years of the 100 employees who are expected to receive benefits under the plan is 1,200. An actuarial consulting firm has indicated that the present value of the prior service cost on January 1, 2017 was $5,040,000. On December 31, 2017 the following information was provided concerning the pension plan's operations for its first year. Employer's contribution at end of year $1,600,000 Service cost 600,000 Projected benefit obligation 6,000,000 Plan assets (at fair value) 1,600,000 Expected return on plan assets 9% Settlement rate 8%
Instructions:
(a) Compute the pension expense recognized in 2017. Assume the prior service cost is amortized over the average remaining service life of the employees.
(b) Prepare the journal entries to reflect accounting for the company's pension plan for the year ended December 31, 2017.
(c) Indicate the amounts that are reported on the income statement and the balance sheet for 2017.
Answer:
a. Computation of Pension Expenses
Particulars Amount
Service cost $600,000
Interest on projected benefit obligation $480,000
($6,000,000 * 8%)
Expected Return on plan assets -$144,000
($1,600,000 * 9%)
Amortized of prior service costs $0
Pension Expense $936,000
b. Account Titles and Explanation Debit Credit
Pension Expenses $936,000
Pension Asset/Liability $664,000
Cash $1,600,000
Other Comprehensive Income $0
c. Tucker Inc.
Income Statement (Partial)
For the year ended December 31, 2017
Expenses:
Pension Expenses $936,000
Tucker Inc.
Balance sheet (Partial)
For the year ended December 31, 2017
Long term Liabilities:
Pension Liability $3,736,000
Stockholders' Equity
Accumulated Other $5,040,000
Comprehensive Income
($5,040,000 - $0)
Workings
Projected benefit obligation, before adjustment $6,000,000
Add: Service cost $600,000
Add: Interest on projected benefit obligation $480,000
($6,000,000 * 8%)
Projected benefit obligation $7,080,000
Fair value of pension assets $1,000,000
Add: Expected return on plan assets $144,000
Add: Cash contribution $1,600,000
Plan assets $3,344,000
Pension Liability $3,736,000
Crane Corporation recently filed the following financial statements with the SEC. Crane Corporation Income Statement for the Fiscal Year Ended July 31, 2017 Net sales $71,771 Cost of products sold 51,050 Gross profit $20,721 Selling, general, and administrative expenses 9,146 Depreciation 1,039 Operating income (loss) $10,536 Interest expense 636 Earnings (loss) before income taxes $9,900 Income taxes 3,465 Net earnings (loss) $6,435 Crane Corporation Balance Sheet as of July 31, 2017 Assets Liabilities and Stockholders’ Equity Cash and marketable securities $13,859 Accounts payable $9,696 Accounts receivable 7,687 Accrued and other liabilities 8,608 Inventory 8,720 Taxes payable 7,328 Deferred income taxes 860 Debt due within one year 16,383 Prepaid expenses & other receivables 2,747 Total current liabilities $42,015 Total current assets $33,873 Property, plant, and equipment, at cost 61,218 Long-term debt 23,790 Less: Accumulated depreciation 21,752 Deferred income taxes 6,765 Net property, plant, and equipment $39,466 Other non-current liabilities 5,496 Net goodwill and other intangible assets 15,940 Total liabilities $78,066 Common stock 3,594 Retained earnings 7,619 Total stockholders’ equity 11,213 Total assets $89,279 Total liabilities and stockholders’ equity $89,279 What are the company’s current ratio and quick ratio?
Answer:
Please below.
Explanation:
a. Current ratio = Current asset / Current liabilities
Current asset = $33,873
Current liabilities = $42,015
Current ratio = $33,873 / $42,015
= 0.81
2. Quick ratio = Quick assets / Current liabilities
Where quick assets = Equity cash and marketable securities + prepaid expenses and other receivables
= $13,859 + $2,747
= $16,606
Current liabilities = $42,015
Quick ratio = $16,606 / $42,015
= 0.40
Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.
However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.
To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:
Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.
Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?
Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;
Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.
All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.
The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.
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criminal charges are prosecuted by the party that was wronged true or falsebusiness
In the money market, if the interest rate exceeds the equilibrium interest, there is a surplus of money. How is the surplus eliminated?
A) People buy bonds to rid themselves of the surplus money, bidding up their price and pushing interest rates down.
B) Banks will lend out the surplus, lowering interest rates.
C) The Federal Reserve will destroy currency, reducing the quantity of money.
D) The high interest rate increases the demand for money, eliminating the surplus.
4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
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Gemma's seller client, Hugo, is selling his house in Benton. As Hugo's seller agent,
Gemma has several tasks to perform for him. One of these tasks is to what
Gemma's task as Hugo's seller agent is to conduct a comparative market analysis (CMA) to determine the appropriate listing price for the house in Benton.
The purpose of a CMA is to determine the appropriate listing price for the property by comparing it to similar properties in the local market.
Gemma will gather information on recently sold properties in Benton that are similar in size, condition, location, and features to Hugo's house. This information includes the selling prices of these properties, as well as the time they spent on the market before being sold.
By analyzing the data from the comparable properties, Gemma will be able to assess the current market value of Hugo's house. This will help her and Hugo determine a competitive and realistic listing price that attracts potential buyers while maximizing the property's value.
Gemma's CMA will involve carefully selecting and evaluating the most relevant comparable properties and making adjustments to account for any differences between them and Hugo's house. These adjustments may consider factors such as square footage, upgrades, amenities, and location.
By performing a thorough and accurate CMA, Gemma will provide Hugo with valuable insights into the local real estate market and enable him to make informed decisions regarding the listing price and marketing strategy for his house in Benton.
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As financial controller at a manufacturing company, you have been advised by a colleague that the sales director is unlawfully declaring fuel benefits as the tax value is high. This has been creating higher profit margins and if declared those margins will go down. There is potential that this could push the company into insolvency, which would result in job losses for 300 employees. You have made the other directors aware of the situation but they have expressed a wish not to disclose the misleading tax bill. You are aware that by declaring this information to the tax authorities, as required by law, that the organization may have to declare insolvency and those 300 employees could lose their jobs. What would you do?
Answer:
so many words i cant understand the of it
As the financial controller facing this ethical and legal dilemma, here's a course of action you could consider below:
What would you do?Seek advice from legal professionals to fully understand the legal implications of not reporting the accurate tax information. This will help you make informed decisions based on the law and potential consequences.
Keep thorough records of your interactions, discussions, and decisions related to this matter. Documentation will be crucial if any legal or ethical issues arise later.
Engage in open and honest discussions with the other directors, emphasizing the potential legal and ethical ramifications of not reporting accurate tax information. Stress the importance of transparency and compliance with the law.
Explore alternative ways to address the issue without causing potential insolvency. This could include discussing options with tax authorities, seeking professional advice on managing tax liabilities, or making changes to the company's financial strategy.
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Discussion Questions
If someone owes you money, and that person or business goes into bankruptcy, why
would it make a difference if you were a secured or unsecured creditor?
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o First define secured and unsecured creditor then explain.