Answer:
Net cash provided by financing activities in 2012 is $364,000
Explanation:
Computation of net financing activity.
Particular Amount
Issuance of common stock $250,000
Issuance of bonds payable $510,000
$760,000
Less: Payment of dividends $350,000
Less: Purchase of treasury stock $46,000
Net cash provided $364,000
Net cash provided by financing activities in 2012 is $364,000
An inexperienced accountant for Olsen Corporation made the following entries.
July 1 Cash 240,000 Common Stock 240,000 (Issued 16,000 shares of no-par common stock, stated value $10 per share) Sept. 1 Common Stock 30,000 Retained Earnings 6,000 Cash 36,000 (Purchased 2,000 shares issued on July 1 for the treasury at $18 per share) Dec. 1 Cash 20,000 Common Stock 15,000 Gain on Sale of Stock 5,000 (Sold 1,000 shares of the treasury stock at $20 per share)
(a). On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions.
(b). Prepare the correcting entries that should be made to correct the accounts of Chetola Corporation. (Do not reverse the original entry.)
Answer:
A.
July 1
Dr Cash $240,000
Cr Common Stock $160,000
Cr Paid in Capital in excess of stated value common stock $80,000
Sept. 1
Dr Treasury stock $36,000
Cr Cash 36,000
Dec. 1
Dr Cash 20,000
Cr Treasury Stock $18,000
Cr Paid in Capital in excess of stated value common stock $2,000
B. July 1
Dr Common stock $80,000
Cr Paid in Capital in excess of stated value common stock $80,000
Sept. 1
Dr Treasury Stock $36,000
Cr Common stock $30,000
Cr Retained earning $6,000
Dec. 1
Dr Common stock $15,000
Dr Gain on sale of stock $5,000
Cr Treasury Stock $18,000
Cr Paid in capital from Treasury stock $2,000
Explanation:
A. Preparation of the entry that should have been made for the transactions.
July 1
Dr Cash $240,000
Cr Common Stock $160,000
(Issued 16,000 shares of no-par common stock, stated value $10 per share)
Cr Paid in Capital in excess of stated value common stock $80,000
($240,000-$160,000)
Sept. 1
Dr Treasury stock $36,000
Cr Cash 36,000
(Purchased 2,000 shares issued on July 1 for the treasury at $18 per share)
Dec. 1
Dr Cash 20,000
(Sold 1,000 shares of the treasury stock at $20 per share)
Cr Treasury Stock $18,000
(Sold 1,000 shares of the treasury stock at $18 per share)
Cr Paid in Capital in excess of stated value common stock $2,000
($20,000-$18,000)
B. Preparation of the correcting entries that should be made to correct the accounts of Chetola Corporation
July 1
Dr Common stock $80,000
Cr Paid in Capital in excess of stated value common stock $80,000
($240,000-$160,000)
Sept. 1
Dr Treasury Stock $36,000
(Purchased 2,000 shares issued on July 1 for the treasury at $18 per share)
Cr Common stock $30,000
Cr Retained earning $6,000
Dec. 1
Dr Common stock $15,000
Dr Gain on sale of stock $5,000
Cr Treasury Stock $18,000
(Sold 1,000 shares of the treasury stock at $18 per share)
Cr Paid in capital from Treasury stock $2,000
($15,000+$5,000-$18,000)
The Preparation of the journal entries for Olsen Corporation's transactions is as follows:
a) This is how the journal entries should have been made:
July 1: Debit Cash $240,000
Credit Common Stock $160,000
Credit Additional Paid-in Capital $80,000
To record the sale of 16,000 shares, $10 stated value per share at $15 per share.Sept. 1 Debit Treasury Stock $20,000
Debit Additional Paid-in Capital $16,000
Credit Cash $36,000
To record the repurchase of 2,000 shares of Treasury stock at $18 per share.Dec. 1 Debit Cash $20,000
Credit Treasury Stock $10,000
Credit Additional Paid-in Capital $10,000
To record the resale of 1,000 shares of Treasury Stock at $20 per shareb) Correcting Entries:
For July 1:
Debit Common Stock $80,000
Credit Additional Paid-in Capital $80,000
For Sept. 1:
Debit Treasury Stock $20,000
Debit Additional Paid-in Capital $16,000
Credit Common Stock $30,000
Credit Retained Earnings $6,000
For Dec. 1:
Debit Common Stock $15,000
Debit Gain on Sale of Stock $5,000
Credit Treasury Stock $10,000
Credit Additional Paid-in Capital $10,000
Data Analysis:
July 1: Cash $240,000 Common Stock $160,000 Additional Paid-in Capital $80,000
16,000 shares, $10 stated value per share at $15 per share.
Sept. 1 Treasury Stock $20,000 Additional Paid-in Capital $16,000 Cash $36,000
2,000 shares Treasury stock at $18 per share
Dec. 1 Cash $20,000 Treasury Stock $10,000 Additional Paid-in Capital $10,000
1,000 shares of Treasury Stock at $20 per share
b) Correcting Entries:
For July 1:
Common Stock $80,000 Additional Paid-in Capital $80,000
For Sept. 1:
Treasury Stock $20,000 Additional Paid-in Capital $16,000 Common Stock $30,000 Retained Earnings $6,000
For Dec. 1:
Common Stock $15,000 Gain on Sale of Stock $5,000 Treasury Stock $10,000 Additional Paid-in Capital $10,000
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What is a class action suit?
OA. When a lawsuit is dismissed by a judge because the court does
not have proper jurisdiction
B. When a lawsuit involves not only one punishment, but an entire list
of consequences
C. When a group of consumers that suffer similar damages bring a
case against a business together
D. When an individual brings a lawsuit against all businesses in an
industry together
it’s c
A class action suit is a case, brought up by a group of consumers that suffer similar damages, against a business together. Hence, the correct answer will be an option(c).
Consumers, suffering a similar loss caused by a business, come forward and file a lawsuit together against the same business. This type of lawsuit is known as a class action suit. It is also known as Representative action. If the group wins the lawsuit, it will be compensated for the damages caused but if they lose the lawsuit, it will not receive any type of financial compensation.
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Smolira Golf has 11,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2019 was $82.
Required:
What is the price-earnings ratio?
Answer:
25.23 times
Explanation:
PE ratio = Price per share /Earnings per share
Price per share = $82
Earnings per share (EPS)= net income/ shares of common stock
Net Income = 35,753
EPS = 35753/11000 = 3.25
PE Ratio = 82/3.25 = 25.23 Times
A firm is producing the allocatively efficient level of output if? A.)total revenue is equal to total cost b.) marginal revenue is equal to marginal cost c.) price is equal to average total cost d.) price is equal to marginal cost e.) price is equal to total cost
A firm is producing the allocatively efficient level of output if b.) marginal revenue is equal to marginal cost.
When is a firm producing at allocative efficiency ?When supply and demand are in balance, the cost of a given supply exactly matches the demand for the commodity. This is the state of allocative efficiency. When a product's marginal cost, price, or marginal benefit are identical (P = MC), allocation efficiency is attained.
Price and marginal cost of production are identical in a market with perfect competition. Consider the cost of a good as a measurement of the societal benefit obtained for that commodity; after all, a buyer's willingness to pay indicates the value of a good to them.
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Q. In the investment industry, cash management is most likely the responsibility of the:
A. treasurer.
B. general counsel.
C. chief risk officer.
Answer:
A. treasurer
Explanation:
Cash management, also known as treasury management, entails collecting and managing cash flow. In an investment set-up, the treasurer is responsible for cash management. The treasurer has to maintain updated records of all the inflows and outflows arising from an investment.
Cash management is a critical section of an investment. The success of investment has a direct link to how it manages its cash. The treasurer should be familiar with cash management strategies, cash flow cycles, and other responsibilities associated with cash management.
The smaller the number of good substitutes for a product, the greater will be the price elasticity of demand for it. True or False True False
Answer:
False.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
\( Price \; elasticity \; of \; demand = \frac {percent \; change \; in \; quantity \; demanded}{percent \; change \; in \; price}\)
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
Hence, the smaller the number of good substitutes for a product, the lesser will be the price elasticity of demand for it.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Analytical queueing models assume a Poisson probability distribution for _____.
rates
arrivals
departures
service times
Answer:
Arrivals
Explanation:
The poisson probability distribution, treats the probability of an event as being discrete, independent and continous.
For a distribution of mean, μ, occurrence of x is given by:
P(x = x) = (μ^x * e^-μ) / x!
For the queuing theory, the arrival is independent and discrete, with a mean rate of λ rate of arrival. We can determine how many customers are expected to arrive within a specified period of time using the above stated relation.
characteristics of a good negotiater
1. Before there was a federal income tax, what taxes did Americans have to pay?
2. Explain why tariffs are considered regressive taxes.
3. Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.
4. Even though the amendment that allowed income tax was passed again in 1913, what events led to its being enforced among all Americans?
5. How did the government try to influence citizen’s views of paying income tax? Would this have worked for you?
6. How can the government drive their policies using income tax?
Answer:
1.local property taxes and tariffs
2.tax applies equally to everyone
3.The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes in order to meet up war expenses.
4. The Revenue Act of 1913
5.As in the Civil War, Congress turned to the income tax to quickly raise large amounts of revenue. In 1917, Congress lowered the standard exemption to $1,000 for individuals thus expanding the taxpayer pool. At the same time, the lawmakers increased the base tax rate from 1 percent to 2 percent.
6.when we according rule of tax now the citizen buying the tax the government can drive any purpose
Explanation:
Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on technology careers
c. One that has a focus on health care careers
• D. One that has a focus on building marketing skills
Option C, which refers to One with a focus on careers in healthcare, is entirely accurate.
What are the benefits of health care?efforts made, especially by trained and licenced professionals, to maintain or restore one's physical, mental, or emotional well-being. used with a hyphen when being attributed. healthcare professionals.
When provided effectively, health care is generally regarded as a key factor in promoting the overall physical, mental, and social well-being of people around the world and can play a significant role in a nation's economy, development, and industrialization.
The phrase "healthcare process" was defined as "the order of steps we frequently take when giving treatment to patients who belong to various defined groups.
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The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?
$10.00
$21.00
$33.10
$46.41
Answer:
33.10Explanation:
principal-$100
annual interest rate-10%
Time=3 years
interest=33.10`
a=133.10
Based on the information given the compound interest is $33.10
Using this formula
Compound Interest = Principal (1 + rate )^time - Principal
Where:
P = $100.00r = 10% or 0.1t = 3 yearsLet plug in the formula
Compound Interest = 100(1 + 0.1)^3 - 100
Compound Interest= 100(1.1)^3 - 100
Compound Interest=100 × 1.331 - 100
Compound Interest= 133.1 - 100
Compound Interest=$33.10
Inconclusion the compound interest is $33.10
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Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: 8 000 units Material cost: R400 000 Opening work in progress (25% complete) Put in production Completed and transferred Closing work in progress (80% complete) Additional information: ● 15 000 units REQUIRED: 20 000 units 1 250 units Material cost: R900 000 Cost of conversion: R120 000 Cost of conversion: R3 100 000 Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) 2.2 Prepare the cost statement 2.3 Calculate and allocate the normal loss in Rands 2.4 Prepare the cost allocation statement Tabulate your answers as far as possible. (16 marks) (7 marks) (8 marks) (14 marks)
The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.
What constitute the statements?2.1 Quantity Statement (with equivalent production)
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Opening WIP | 2,000 | 25% | 500 |
| Started production | 15,000 | 100% | 15,000 |
| Total | 17,000 | | 15,500 |
| Completed & Transferred | 8,000 | 100% | 8,000 |
| Closing WIP (80%) | 9,000 | 80% | 7,200 |
| Total Output | 8,000 | 100% | 8,000 |
2.2 Cost Statement
| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |
| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |
| Started production | R600,000 | R80,000 | R680,000 | R45.33 |
| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |
| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |
| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |
2.3 Normal Loss Calculation
Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.
Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Normal Loss | 15,750 | 20% | 3,150 |
| Total | 15,750 | | 3,150 |
The normal loss is 3,150 equivalent production units.
2.4 Cost Allocation Statement
| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |
| Material Cost | R1,300,000 | R84.52 | R162.50 |
| Conversion Cost | R166,000 | R10.75 | R20.75|
| Normal Loss Allocation | R39,075 | R12.40 | - |
| Total Cost | R1,505,075 | | |
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Hernando lives in a county where everyone pays the same amount of taxes no matter their income. Which type of tax system is Her
MOST likely using?
Answer: Proportional Tax System
Explanation:
Hernando's country is using proportional tax system or Flat tax system.
What is proportional tax system?Everyone pays the same tax rate under proportional taxes, regardless of income. Since everyone pays the same rate, regardless of their income, sales taxes are considered proportional regressive taxes.
No matter their wealth or income, everyone pays the same amount of tax under a proportionate or flat tax system. This approach aims to achieve parity between the average tax rate paid and the marginal tax rate.
Because there is no tax penalty for earning more money, proponents of proportional taxation contend that they promote the economy by motivating people to work harder. Additionally, they think that firms would be more willing to invest and spend money under a flat tax structure, boosting the economy.
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Account no. Account Description
101 Cash at bank
102 Accounts receivable
110 Office supplies
120 Office equipment and furniture
130 Motor vehicles (s)
201 Accounts payable
210 Bank loan
301 Share capital
401 Revenue
510 Rent expense
520 Electricity expense
530 Advertising expense (s)
540 Bank charges (s)
550 Interest expense (s)
560 Wages expense
Prepare journal entries for the following
30/03-Entered into a contract for delivery of electric vehicle, at a cost of $20000 which is to be used for the business. The vehicle will be delivered in 2 weeks’ time. No cash payments have yet been made in relation to the contract.
30/3-Invoice received from the local nurseries association for advertising of $1,300. The invoice was paid by transfer from the business bank account
A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.
What are the steps to opening a bank account?To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.
What is the account no?When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.
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Hi, How is your first week on Project Excite going? We need to deliver the test version of your product for review in a week. If you need support, let your teammates or me know, and we will do our best to help. Here is everyone’s availability over the next week. Ravi = fully booked all week Kara = some time Monday and Friday Mark = some time Monday and Tuesday Thanks, Nadia Loomis Task With the upcoming deadline, you need help to finish the project. Consider what additional information you would like to know before responding to Nadia. Question 1 of 4 How useful is knowing the flexibility to push back your deadline? Please rate from Not useful to Highly useful using the buttons below. Not useful Highly useful
Answer:
Highly useful. Knowing the flexibility to push back the deadline can help in managing time and resources effectively, and ensure that the test version of the product is delivered on time with high quality.
Explanation:
how to deal with accrued income in accounting equation?
Explanation:
Accured income is the income that has been earned during the year, but is still to be received. Accordingly, it will increase the capital of the proprietor.And secondly it would be treated as a asset as it due from some third party that would be considered as a debtor of the firm.
I hope it will be help you
Requirement 2. How much is the owner's equity of the property management company? Irene Chan has $ of equity in the property management company?
The information provided is incomplete as the amount of equity or any specific details about Irene Chan's investment in the property management company are not given. Therefore, without knowing the specific amount or percentage of equity Irene Chan holds in the company.
it is not possible to determine the exact value of the owner's equity or Irene Chan's equity in the property management company.Equity represents the ownership interest in a company and is calculated by subtracting the company's liabilities from its assets. However, since no information is provided regarding the company's liabilities, assets, or Irene Chan's investment.
We cannot calculate the owner's equity or determine Irene Chan's specific equity in the property management company.To accurately determine the owner's equity or Irene Chan's equity, it would be necessary to have additional information about the company's financial statements, investments, and any other relevant details regarding ownership stakes or capital contributions.
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why is education considered as an investment
Explain major theories discussed in Microeconomics by Austan Goolsbee
The major theories discussed in Microeconomics by Austan Goolsbee are The law of demand, The principle of comparative advantage, and so on.
A well-known economist who has significantly advanced the study of macroeconomics is Austan Goolsbee.
A fundamental principle known as the law of demand states that there is an inverse relationship between a commodity's price and demand. This implies that as a good's price decreases, consumers will be eager to buy more of it.
According to the comparative advantage principle, in order to benefit, nations should specialize in producing the goods and services in which they have a comparative advantage.
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In the quantity discount model, the optimum quantity will always be found on the lowest total cost curve.
a) true
b) false
In the quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
What is optimum quantity?It should be noted that optimum quantity simply means the economic quantity that is purchased.
In this case, in quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
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Consider the recorded transactions below.
1. Accounts Receivable
Service Revenue
2. Supplies
Accounts Payable
3. Cash
Accounts Receivable
4. Advertising Expense
Cash
5. Accounts Payable
Cash
6. Cash
Deferred Revenue
Beg. bal
End bal.
Debit
Cash
8,800
1,600
8,800
1,100
2,300
1,200
Credit
8,800
1,600
8,800
1,100
Required:
Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before
the transactions is: Cash, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue, $160.
Service Revenue and Advertising Expense each have a beginning balance of zero.
The beginning balance of each account before the transactions is: Cash, $3,400; Accounts Receivable,$4,200; Supplies, $400; Accounts Payable,$3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero.
What are Transactions?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction.
The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping.
Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later.
Therefore, The beginning balance of each account before the transactions is: Cash, $3,400; Accounts Receivable,$4,200; Supplies, $400; Accounts Payable,$3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero.
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Which example demonstrates a floating exchange rate?
The example demonstrates a floating exchange rate: Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency.
In a floating regime, exchange rates are generally determined by the market forces of supply and demand for foreign exchange. For many years, floating exchange rates have been the regime used by the world's major currencies – that is, the US dollar, the euro area's euro, the Japanese yen and the UK pound sterling.
Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates.When an exchange rate changes, the value of one currency will go up while the value of the other currency will go down. When the value of a currency increases, it is said to have appreciated. On the other hand, when the value of a currency decreases, its value decreases.
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How is emotional intelligence related to motivation?
Answer:
Emotional intelligence means being self-motivated
Self-motivation relates to internal drive. Emotionally intelligent individuals understand the deeper meaning of their goals and the self-motivation skills required to achieve them.
Answer:
The results show that emotional intelligence is positively related to positive emotions and negatively related to negative emotions. Positive emotions positively predict both self-motivation towards physical education classes and resilience. Resilience positively predicts self-motivation.
What do you think are some of the difficulties of adding 25% more employees for the holiday season what kind of planning do you think would be needed 
Adding 25% more employees for the holiday season can bring some challenges and difficulties for a company. Here are some potential difficulties and the planning needed to address them:
Hiring and Training: The first challenge is to find and hire new employees, which can be time-consuming and costly. Companies should plan ahead and start the hiring process early to ensure they have enough time to select and train new employees.
Cost: The cost of hiring and training new employees can be high, and companies need to ensure they have enough resources to cover the additional expenses. Companies should create a budget and estimate the cost of hiring and training new employees.
Integration and Teamwork: Integrating new employees into the team and ensuring they work effectively with existing employees can be challenging. Companies should plan team-building activities and create a welcoming environment to help new employees feel part of the team.
Workload and Scheduling: Companies need to plan the workload and schedule the additional employees effectively to ensure they are utilized efficiently. This includes ensuring that there is enough work to keep all employees busy and that the schedule allows for an appropriate level of coverage.
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Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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According to the extract, the entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Tthe business idea is banking agent operating POS machine. the idea is as a result of absence of financial institution in the area and the demand for money.
How can one generate a business idea?1. Identify a problem or a need in a specific market or industry. For example, absence of financial institution in my area.
2. Research the market to understand its size, growth potential, and competition.
3. Brainstorm potential solutions to the problem or ways to address the need. e.g. provision of POS machine in my own case.
4. Evaluate the feasibility of the solutions based on factors such as market demand, resources required, and potential profitability. People need cash everytime in my area where cashless economy is not in place.
5. Select the most viable solution as your business idea. e.g. withdrawal point like in my case.
To determine the feasibility of your business idea, you can consider the following factors:
1. Market demand: Is there a real need for your product or service? Is the market large enough to support your business?
2. Competition: Who are your competitors, and how will you differentiate your business from theirs? What are the barriers to entry in the market?
3. Resources required: What resources will you need to launch and grow your business? Can you obtain these resources?
4. Financial viability: What are the startup costs, and what is the potential revenue and profitability of your business?
5. Legal and regulatory considerations: Are there any legal or regulatory requirements that you need to comply with to operate your business?
On this basis, if you have a specific business idea in mind, you can evaluate its feasibility by considering these factors. If you don't have a specific idea yet, you can start by identifying a problem or need in a market or industry that interests you and conducting research to identify potential solutions.
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NewTech purchases computer equipment for $255,000 to use in
operating activities for the next four years. It estimates the equipment's
salvage value at $20,000. What’s the year end hook value formula ?
The year-end book value formula for the computer equipment is given as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
At the end of the fourth year, the year-end book value will be 0
How to calculate Year-end book valueThe year-end book value formula for the computer equipment as
Year-End Book Value = Cost of Equipment - Accumulated Depreciation
To know the accumulated depreciation for each year, use the following formula:
Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life
Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.
With 4 years of use, we can calculate the annual depreciation as follows:
Annual Depreciation = ($255,000 - $20,000) / 4
Annual Depreciation = $63,750
Therefore, the year-end book value formula for the computer equipment at the end of each year would be:
Year 1: $255,000 - $63,750 = $191,250
Year 2: $255,000 - ($63,750 x 2) = $127,500
Year 3: $255,000 - ($63,750 x 3) = $63,750
Year 4: $255,000 - ($63,750 x 4) = $0
At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.
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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy
Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.
1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.
2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.
3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.
4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.
5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.
6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.
7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.
In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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