Prepare the journal entries to record the sale of any job(s) during the month. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. Account Titles and Explanation Debit Credit
(1)
(To record sale of jobs)
(2)
(To record cost of jobs)
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What is the balance in the Finished Goods Inventory account at the end of the month? What does this balance consist of?
Finished Goods Inventory $
Job No. 50 Job No. 51 Job No. 52 Jobs 50 and 51 Jobs 51 and 52 Jobs 50 and 52
SHOW LIST OF ACCOUNTS
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What is the amount of over- or underapplied overhead?
Manufacturing Overhead $
Overapplied Underapplied
Answers
Complete Question:
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2017, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows:
direct materials $ 22,000 ,
direct labor $ 13,200
manufacturing overhead $ 17,600
As of January 1, Job No. 49 had been completed at a cost of $ 99,000 and was part of finished goods inventory. There was a $ 16,500 balance in the Raw Materials Inventory account.
During the month of January, Lott Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $ 134,200 and $ 173,800 , respectively. The following additional events occurred during the month.
1. Purchased additional raw materials of $ 99,000 on account.
2. Incurred factory labor costs of $ 77,000 . Of this amount $ 17,600 related to employer payroll taxes.
3. Incurred manufacturing overhead costs as follows: indirect materials $ 18,700 ; indirect labor $ 22,000 ; depreciation expense on equipment $ 13,200 ; and various other manufacturing overhead costs on account $ 17,600 .
4. Assigned direct materials and direct labor to jobs as follows.
Job No. Direct Direct
Materials Labor
50 $ 11,000 $ 5,500
51 42,900 27,500
52 33,000 22,000
Answer:
Lott Company
1. Journal Entries to record the sale of Job 49 and Job 50:
Debit Cost of Goods Sold $175,450
Credit Finished Goods
Job 49 $99,000
Job 50 $76,450
To record the cost of Jobs 49 and 50 sold during the period.
Debit Accounts Receivable:
Job 49 $134,200
Job 50 $173,800
Credit Sales Revenue $308,000
To record the sale of Jobs 49 and 50 during the period.
2. The balance in the Finished Goods Inventory account at the end of the month is:
= $106,150.
This balance consists of Job 51 only.
3. There is no provision of estimated manufacturing overhead. Therefore, there is no overapplied or underapplied overhead in this situation. The manufacturing overhead costs were applied based on the actual costs incurred.
Explanation:
a) Data and Calculations:
Cost of Work-in-Process or Production:
Job No. Direct Direct WIP Overhead
Materials Labor Beginning Costs Closing
50 $ 11,000 $ 5,500 $52,800 $7,150 $76,450
51 42,900 27,500 0 35,750 106,150
52 33,000 22,000 0 28,600 83,600
January 1, Job 50 Cost of WIP:
direct materials $ 22,000
direct labor 13,200
manufacturing overhead 17,600
Beginning WIP of Job 50 $52,800
Manufacturing overhead costs:
indirect materials $ 18,700
indirect labor $ 22,000
depreciation expense
on equipment $ 13,200
other overhead costs $ 17,600
Total overhead costs = $71,500
Allocation of manufacturing overhead costs:
Jobs Direct Labor Overhead Allocation
50 $ 5,500 $7,150 ($5,500 * $1.30)
51 27,500 $35,750 ($27,500 * $1.30)
52 22,000 $28,600 ($22,000 * $1.30)
Total $ 55,000 $71,500
Related Questions
Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.
Answers
You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.
Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).
Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.
Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.
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Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except:
Multiple Choice
FIFO method.
Retail method.
Specific identification method.
LIFO method.
Weighted average method.
Answers
Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except LIFO method. Thus, option D is correct.
What is inventory?Inventory or stock alludes to the merchandise and materials that a business holds for a definitive objective of resale, creation or usage. Stock administration is a discipline fundamentally about indicating the shape and position of loaded merchandise.
The LIFO technique is certainly not an adequate strategy for stock costing under IFRS. monitoring every particular thing in stock and relegating costs exclusively as opposed to gathering things together.
Therefore, option D is correct.
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BC Fruits Ltd, a fruit bottling and canning company, is planning to expand its operations. The directors
are hoping to increase the range of preserved fruit products and in doing so will need to invest in new
equipment. They are also hoping to open a new facility in the northern part of the country. The CFO has
been asked to prepare a report on the following issues of conceptual framework. You are the Finance
Controller of the company, and your CFO wants to address all issues in his report and has asked for your
assistance.
Prepare brief notes for the CFO, addressing each of the following and using the Conceptual Framework as
a source of reference:
(a) Identify potential providers of finance for BC Fruits Ltd and their information requirements in
respect of financial statements.
(b) Explain the terms 'performance' and 'position' and identify which of the financial statements will
assist the user in evaluating performance and position.
(c) Indicate why, for decision-making purposes, the financial statements alone
Answers
The potential providers of finance for BC Fruits Ltd will be commerical banks and the private investors.
Based on the information, the information requirements of the providers will be cash position, contingent liabilities, revenues, profit performance, etc.
Performance simply means the behavior over a particular period while position means the state of affairs on a particular date. It should be noted that while profit and loss statement reflects the performance of a business, the balance sheet shows the position of a company.
In conclusion, financial statements only shows the summary of financial transactions.
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Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $78, and the book value per share is $9. The company also has two bond issues outstanding. The first bond issue has a face value of $115 million, a coupon rate of 7 percent, and sells for 93 percent of par. The second issue has a face value of $100 million, a coupon rate of 6 percent, and sells for 105 percent of par. The first issue matures in 21 years, the second in 8 years. Both bonds make semiannual coupon payments. a. What are the company's capital structure weights on a book value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.) b. What are the company’s capital structure weights on a market value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.)
Answers
Answer:
Book value weight of equity is 0.2007
Book value weight of debt is 0.7993
Market value weight of equity is 0.6883
Market value weight of debt is 0.3117
Explanation:
The book value of the two bonds=$115 million+$100 million=$215 million
The book value of equity =6 million *$9=$54 million
weight of debt=$215/($215+$54)= 0.7993
weight of equity=$54/($215+$54)= 0.2007
Market value approach:
market value of equity=6 million*$78=$468 million
market of the first bond=$115 million*93%=$106.95 million
market value of the second bond=$100 million*105%=$105 million
total market value of bonds=$106.95 million+$105 million=$ 211.95 million
weight of debt=$211.95/($211.95+$468 )= 0.3117
weight of equity=$468/($211.95+$468 )= 0.6883
If you expect to get a substantial raise six months from now, and you are like most people, it will
Answers
If you expect to get a substantial raise six months from now, it will not affect your current consumption because you haven't received the money yet.------ False
What does substantive use mean?
Substantial use means that the creator of the intellectual property receives more than normal support for the project or is given time and/or resources dedicated to the project.
What are the Substantial changes?Common "significant changes in circumstances" include:Job loss or acquisition, sudden change in either party's finances, relocation of the party or a child, death, change in child's wishes, etc.
What is substantial force?Significant impact means that, based on current scientific data and knowledge, a species or native plant or animal community falls below a level at which it can sustain itself on a national or regional basis, or a species is threatened with extinction. endangered or endangered.
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3. During a typical performance appraisal, the employee's supervisor evaluates the employee's work in terms of
• A. diverse management strategy.
O B. industry norms.
O C. his or her contribution to the organization.
O D. economic forecasts.
Answers
Answer:
O C. his or her contribution to the organization.
Explanation:
A performance appraisal reviews an employee's job performance and overall contribution to a company. It is also called an annual review, performance review or evaluation, or employee appraisal. Performance appraisal provides feedback on each employee's performance, serves as a basis for modifying or changing work behavior, and provide data to managers with which they may judge future job assignments and performance.
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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In its statement of cash flows issued for the year ending December 31, Oxford Company reported a net cash inflow from operating activities of $123,000. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income:
Depreciation $38,000
Increase in net accounts receivable 31,000
Decrease in inventory 27,000
Decrease in accounts payable 48,000
Increase in prepaid expenses 12,000
Net income is:
Answers
Oxford Company reported a net cash inflow from operative activities of $123,000 for the fiscal year ending December 31, with the adjustment resulting in a net income of $149,000.
What does Net Income means?
Net income, also known as net profit, is the total amount of money earned by a company after deducting all of its expenses, including taxes and interest payments, from its total revenue. It is the amount of money earned by a company after all expenses have been paid. Net income is important for assessing a company's financial health because it allows investors and creditors to see how much money the company is making or losing. It is also an important figure to consider when evaluating a company's performance.
Explanation:
Adjustments to reconcile net income to operating cash flow:
Depreciation $38,000
Increase in net accounts receivable ($31,000)
Decrease in inventory $27,000
Decrease in accounts payable ($48,000)
Increase in prepaid expenses ($12,000)
Net cash inflow from operating activities $123,000
Solution
Operating cash flow = Net income + Depreciation - Increase in working capital
Net income = $123,000 - $38,000 - $27,000 + $91,000
Net income = $149,000
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
Answers
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company.
Account Title Debits Credits
Cash $91,000
Accounts receivable 186,000
Inventory 298,000
Prepaid expenses 174,000
Equipment 346,000
Accumulated depreciation $123,000
Investments 166,000
Accounts payable 73,000
Interest payable 33,000
Deferred revenue 93,000
Income taxes payable 43,000
Notes payable 265,000
Allowance for uncollectible accounts 29,000
Common stock 413,000
Retained earnings 189,000
Totals $1,261,000 $1,261,000
Additional information:
1. Prepaid expenses include $146,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
2. Investments include $43,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $123,000 is an investment in equity securities that the company intends to sell in the next year.
3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
4. The notes payable account consists of the following:
a. a $53,000 note due in six months.
b. a $134,000 note due in six years.
c. a $78,000 note due in three annual installments of $26,000 each, with the next installment due August 31, 2022. The common stock account represents 413,000 shares of no par value common stock issued and outstanding. The corporation has 826,000 shares authorized.
Required:
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021.
Answers
Answer:
A balance sheet for Weismuller publishing for December 31 2021 was prepared and recorded in the explanation section below
Explanation:
Solution
COMPANY: WEISMULLER PUBLISHING Balance Sheet At December 31 2021 Assets
Current assets:
Cash and cash equivalents ($91,000 + $43000) $134000
Short term investments ($166,000 - $43000) $123000
The net accounts receivable ($186,000 =$29,000) $175,000
Inventory $298,000
Prepaid expense [174,000-(14600/2)] $101,000
The total current assets $813,000
Note: Kindly find an attached copy of the [art of the complete solution to this question below
What are factors that impact a borrower's interest rate?
Answers
Here are seven key factors that affect your interest rate that you should know
Credit scores. Your credit score is one factor that can affect your interest rate.
Home location.
Home price and loan amount.
Down payment.
Loan term.
Interest rate type.
Loan type.
The main variables influencing interest rates are supply and demand. The desire for borrowing money will increase along with interest rates. Similar to how demand for credit will decline as supply increases, so will interest rates. In contrast, a rise in credit availability lowers interest rates, while a decline in credit availability might raise rates.
What influences credit availability?
The quantity of money accessible to borrowers has a direct influence on the availability of credit. When customers create bank accounts, more money enters the economy. For instance, you are basically lending money to the bank when you establish a checking or savings account.
Your funds may be used by the bank for investments and other commercial purposes, such as making loans to other customers looking to buy a house, a car, etc. Your ability to borrow more money from the banks increases with the amount you deposit there, increasing the amount of credit accessible to the economy. But when lenders stop lending, there is less credit available, which drives up borrowing costs.
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Fill in the blank: Project initiation includes determining resources, documenting key components, and _____.
a. solidifying scope
b. finalizing budgets
c. onboarding the team
d. establishing a schedule
Answers
Project initiation includes determining resources, documenting key components, and a. solidifying scope.
An agenda for a kick-off meeting is a schedule for the first meeting a project management team has with a client regarding a particular project. Introductions between the team and the client are made during this meeting, which also covers a discussion of the project's timeline and any legal difficulties it may encounter.
Project managers should take advantage of the opportunity to get client and stakeholder approval for particular project components during the project launch meeting. Explain to the team members their responsibilities for the project. Consolidate understanding and get rid of any misunderstandings. You should at the very least ask them to develop a background and briefing on the project to present at the kickoff meeting. Asking the customer to do this, in my opinion, is far more beneficial than attempting to convey clearly what you believe the brief to be. Review the schedule for the actual kickoff meeting at this time.
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Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collected the following data: The daily demand is 2500 units. The production lead time is 3 days (this includes processing time, transport time, and waiting time). Management has decided to have 1.5 days of safety stock. One container fits 250 units.How many kanban containers will be needed to support this system?
Answers
Answer: 45 containers
Explanation:
The number of containers needed is calculated by:
= (Expected demand during Lead time + Safety Stock) / Container Capacity
Expected demand during Lead time = Daily demand * Lead time
= 2,500 * 3
= 7,500 units
Safety stock = 1.5 days * 2,500
= 3,750 units
Number of containers needed:
= (7,500 + 3,750) / 250
= 45 containers
A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？
Answers
Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.
How is the whole depreciation of a plant asset calculated?Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.
Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.
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https://brainly.com/question/28108679#SPJ1in an organization that employs a hrpp administrator, the io must establish a working relationship such that the hrpp administrator
Answers
In an organization that employs a hrpp administrator, the io must establish a working relationship such that the hrpp administrator feels free to raise problems and concerns of any kind that relate to the HRPP.
What is HRPP?
OHRP aids organisations in their endeavours to assess and enhance the effectiveness of their human research protections programmes (HRPP). To help universities accomplish this goal, OHRP is actively creating and upgrading dated resources.
Using the OHRP Self-Assessment Tool, institutions can evaluate their HRPPs in general and determine their strengths and areas for development. Based on the requirements of the new Common Rule, OHRP provides the research community with thorough basic-level training on human research protections, including printable completion certificates.
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In an organization that employs a hrpp administrator, the io must establish a working relationship such that the hrpp administrator feels free to raise problems and concerns of any kind that relate to the HRPP.
What is HRPP?Organizations receive assistance from OHRP in their efforts to evaluate and improve the performance of their human research protections programs (HRPP). OHRP is actively developing and updating out-of-date resources to assist institutions in achieving this goal.
Institutions can assess their HRPPs generally using the OHRP Self-Assessment Tool to identify their strengths and potential improvement areas. The OHRP offers comprehensive basic-level training on human research safeguards to the research community, complete with printable completion certificates, in accordance with the demands of the new Common Rule.
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why promoter is called the father of company?
Answers
Identification of business opportunity- The first and most important function is to identify an existing business opportunity so that it can be exploited to earn profits.
Explanation:
Taisha operates equipment to transfer oil from one container to another. Her job title is best described as
Spencer manages the flow of electricity through substations and distribution lines. His job title is best described as
Mariko maintains cables and supporting structures for transmitting electricity. Her job title is best described as
Fred operates equipment to transfer hydrogen through pipelines. His job title is best described as
Answers
Answer:
she would be the pump opperater
Explanation:
Answer:pump operator
Power dispatcher
Electrical power-line repairer
Gas pumping station operator
Explanation:
What is the definition of gross income?
Answers
Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.
Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.
It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.
For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.
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Imagine that in 2019 the economy is in long run equilibrium. Then, stock prices rise more than expected and stay high for some time. Refer to scenario 33-2. In the long run, what happens to the expected price level and what impact does this have on wage bargaining?
graph: y= price level. 2 lines going up parallel to each other SRAS1 and SRAS2
x= Quantity Output. 2 lines going down parallel AD1 and AD2......
There is a line that goes in center from x (straight up) LRAS
SRAS1 and SRAS2 intersect with AD1 and AD2 at points A,B,C,D LRAS intersects at its A and C
Answers
In the long run, The expected price level rises. New wage contracts are negotiated at higher wages.
What are wages?Wages are payments made typically in cash in exchange for labor or services, typically on an hourly, daily, or piecework basis and in accordance with a contract.
The compensation or reward for labor is called a wage. Real wages and nominal wages are the two primary categories of earnings. Money earnings are referred to as "nominal wages." However, "real wages" refers to the goods and services that may be obtained with money earnings.
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you will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and it’s function
Answers
The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.
What is the role of department of Homeland Security?To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.
All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.
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When an employee leaves a position, how should the human resources department respond?
A. Post a job description to fill the position as quickly as possible.
B. Review the position to determine whether and when the position
should be filled again.
C.Train another employee to fill the position as quickly as possible.
D. Meet with college career advisors to advertise the position.
Answers
When an employee leaves a position, the right response of the human resources department will be to review the position to determine whether and when the position should be filled again.
What is the role of human resources department?In management, a Human resources refers to the division of a business that is charged with finding, screening, recruiting as well as training the job applicants. The HR managers also administers employee-benefit programs.
The department of human resources HR is an essential component of any business regardless of an organization's size. The department is mainly tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce.
In conclusion, these HR managers plays an important role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.
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Answer:
B. - Review the position to determine whether and when the position should be filled again.
Explanation:
What historical management
perspective supports this idea
Answers
From a historical management perspective, the idea that beta depends on investors' expectations of the correlation and volatilities of a security's and market's returns aligns with the principles of modern portfolio theory (MPT) and the efficient market hypothesis (EMH).
Modern portfolio theory, developed by Harry Markowitz in the 1950s, emphasizes the importance of diversification and risk management in constructing investment portfolios. According to MPT, investors should consider the correlation between different assets when constructing a portfolio.
The idea is to select assets that have low or negative correlations, as this helps to reduce the overall portfolio risk. In the context of beta estimation, if a security's returns have a high positive correlation with the market, it indicates a higher systematic risk, resulting in a higher beta value.
The efficient market hypothesis, proposed by Eugene Fama in the 1960s, suggests that financial markets are efficient and reflect all available information. According to the EMH, investors cannot consistently outperform the market by exploiting information or patterns in stock prices.
If the market is efficient, beta reflects the collective expectations of all market participants regarding the correlation and volatilities of a security's returns with respect to the market returns. Both MPT and EMH emphasize the importance of considering market factors and expectations when estimating beta.
These perspectives recognize that investors' expectations of the correlation and volatilities of a security and the market are essential in understanding and assessing the security's risk profile. By incorporating these factors into beta estimation, investors can make more informed decisions about portfolio construction and risk management.
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Rickie loves to shop. lately, she's been thinking it might be wise to cut back on the time and money she spends shopping. Then again, it's something she really enjoys. based on your spending experience and personal knowledge, what would you recommend to Rickie?
Answers
It may be wise for Rickie to evaluate her spending habits and prioritize her financial goals while considering her enjoyment of shopping.
Should Rickie Cut Back on Shopping?Rickie should take a closer look at her spending habits and financial goals. She could start by creating a budget and tracking her expenses to gain a clear understanding of how much time and money she is spending on shopping.
By evaluating her spending patterns, Rickie can identify areas where she may be able to cut back or make adjustments, without completely giving up something she enjoys. For example, she could set a monthly shopping budget, limit impulsive purchases, or look for ways to save money while still enjoying the shopping experience, such as shopping during sales or using coupons.
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Which of the following tools help you access your interest
A. Aptitude survey
B. Interest inventory
C. Career search
D. Skills assessment
Answers
Answer:
C. Career search
Answer:
Interest inventory
A product's price will increase the most if:
A. its supply declines while its demand goes up.
B. its demand remains the same but its supply goes up.
C. its supply remains the same but its demand goes down.
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D. its supply and demand both fall at the same rate.
Answers
B. It's demand remains the same but its supply goes up.
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Answer: it’s supply declines while it’s demand goes up.
Explanation:
just took the test
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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9. The manager of a fast food franchise will establish
hamburgers to cook each hour.
A. tactical strategies
B. tactical plans
C. operational plans
D. strategic plans
10. Companies with centralized Anthority systems typically requires multiple layers of management and have Organizational structures.
A. Tall
B. Flexible
C. Broad
D. Flat
Answers
Answer:
I think answer this onlyOrganizational
Answer:
C, A
Explanation:
9. Operaional plans
10. Tall
List six daily activities you perform. They might include preparing homework assignments, shopping and other activities. Ensure that three of the activities call for decision making that is unstructured(or semi-structured) and three involve structured decision making. Prepare a report explaining what decision making is required and why the decision making is unstructured or structured
Answers
Answer:
Work, School, Making dinner, Driving, Choosing music, Doing homework
Explanation: