The direct labor rate variance is $4,500 favorable, costs for the current period actual costs standard costs.
The purpose of variance calculationWhen calculating variance, random variables are taken into account in respect to the data set's mean. Each variable's variance can be used to calculate how far away it is from the mean and, consequently, from other variables.
What does statistics mean by sample variance?A measure of how evenly distributed the numbers are in a list is called sample variance (s2). A list's variance will be minimal if the numbers are all inside a narrow range of the expected values. There will be a significant variance if they are far away. The formula yields the sample variance. s 2 = ∑ ( O − E ) 2 n − 1.
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Select three reasons why the CMO in the chapter example wanted to revamp the marketing plan?
1. There is no use of Mayo
2. Peoples taste changed
3. Customers increasingly preferred organic
4. People don't care about calorie intake
5. Demand for chicken sandwiches varied widely
Answer:
B
C
E
Explanation:
The other options do not make sense so these are the right answers I think, lol
Reasons why the CMO in the chapter example wanted to revamp the marketing plan:
2. People's tastes changed
3. Customers increasingly preferred organic
5. Demand for chicken sandwiches varied widely
Chief medical officerChief medical officer (CMO) is the title used in many countries for the senior government official designated head of medical services, sometimes at the national level. The post is held by a physician who serves to advise and lead a team of medical experts on matters of public health importance.
What is the role of the chief medical officer?Chief medical officers are healthcare administrators who oversee the effective management of medical centers. They are responsible for managing clinical operations, liaising between the administration and medical staff, and ensuring that patients receive the highest standard of medical care.
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how entrepreneurs that operate in the sharing economy use creative thinking to develop and improve businesses?
Answer:
To find out future needs and trends.
Explanation:
Entrepreneurs use creative thinking to develop and improve businesses by analyzing the future needs and trends that will follow by the people so by knowing future needs and trends, the entrepreneurs started to invest in those needs and products which give him a good profit in the future and in this way the creative mind of Entrepreneurs helps in the generating of employment as well as boosting the economy of the country.
Your client has recorded a bill for $100 in quickbooks online for some supplies they bought from walmart. when reviewing their bank feed, you see an item for $100 paid to walmart dated the same as the bill transaction. which action should you take
As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.
What is a journal entry?A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.
In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.
Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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each employee at caras construction earns $251 net and $316 gross per day. caras is accruing vacation pay for 16 employees for the last two days of march; therefore, the journal entry includes a:
The journal entry for accruing pay for 16 employees for the last two days of March would typically include a debit and a credit. Debit: Vacation Pay Expense - $251 * 16 employees * 2 days = $8,032 Credit: Vacation Pay Liability - $316 * 16 employees * 2 days = $10,112
The debit entry to "Vacation Pay Expense" represents the expense Caras Construction incurs for the vacation pay of its employees. The amount is calculated by multiplying the net daily rate of $251 by the number of employees (16) and the number of vacation days (2). The credit entry to "Vacation Pay Liability" represents the liability Caras Construction owes to its employees for the accrued vacation pay. The amount is calculated by multiplying the gross daily rate of $316 by the number of employees (16) and the number of vacation days (2). the specific accounts and amounts may vary depending on the company's accounting policies and chart of accounts. It's always recommended to consult with an accountant or financial professional for accurate and specific journal entries.
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The correlation between several variables are given below x2 x3 x4 x5 | y y 1.0000 x2 -0.0662 1.0000 x3 -0.1036 0.9969 1.0000 x4 | 0.0048 0.9914 0.9913 1.0000 ✓x5 -0.5456 0.5246 0.5420 0.4598 1.0000 + Y=L₁ + b ₂ x)² which variables should be investigated for Multicollinearity. Why? ii) A VIF was calculated for several variables Variable | VIF 1/VIF x3 125.81 0.007948 x4 | 112.68 0.008875 x5 | 2.77 0.360997 Mean VIF 80.42 Which variable(s) should not be included in the model (4marks) (4marks) b) In a regression model, a variable had three categories namely poor, fair and good. Show how you develop dummy variables for this case. (4marks) c)Using a sample of 1801 black individuals, the following earnings equation has been estimated: In(E) = 7.09 + 0.147 EDUC 0.049 EXP (0.135) (0.008) 0.201 female (0.036) (0.007) R² = 0.179 n=1801 where EDUC-education level EXP-experience Female=1 respondent is female 0 otherwise 1 the standard errors are reported in parenthesis. i)Is female categorical data or not? Interpret the coefficient estimate on female: (3marks) (ii) Test the hypothesis that there is no difference in expected earnings of women and men. (3marks) (4marks) iii) What is the difference in earnings between male and female
a) x3 and x4 should be investigated for multicollinearity. b) The dummy variable for the "good" category is not needed as it can be represented when both D1 and D2 are 0. c) The exponentiation of the coefficient estimate allows us to interpret it as a multiplicative effect on the expected earnings.
How to if the dummy variable for the "good" category is not needed as it can be represented when both D1 and D2 are 0.a) Investigating Multicollinearity:
To identify variables with multicollinearity, we look for high correlation coefficients between the predictor variables. In this case, we observe the following correlation coefficients:
x2 and x3: -0.1036
x2 and x4: 0.0048
x2 and x5: -0.5456
x3 and x4: 0.9914
x3 and x5: 0.5246
x4 and x5: 0.5420
Based on these correlation coefficients, we can see that x3 and x4 have a high correlation coefficient of 0.9914, indicating strong multicollinearity.
Therefore, x3 and x4 should be investigated for multicollinearity.
b) Dummy Variables for Three Categories:
To represent a variable with three categories (poor, fair, and good) in a regression model, we need to create two dummy variables. Let's denote the variable as "Category."
- Dummy variable 1 (D1): Poor (1 if the category is poor, 0 otherwise)
- Dummy variable 2 (D2): Fair (1 if the category is fair, 0 otherwise)
The dummy variable for the "good" category is not needed as it can be represented when both D1 and D2 are 0.
c) Interpretation and Testing:
i) Female as Categorical Data:
Yes, the variable "female" is categorical data. It takes a value of 1 if the respondent is female and 0 otherwise.
Interpretation of the coefficient estimate on female:
The coefficient estimate on female is 0.201. This means that, on average, female individuals have a 0.201 increase in the natural logarithm of earnings compared to males, holding all other variables constant.
ii) Testing the Difference in Expected Earnings of Women and Men:
To test the hypothesis that there is no difference in expected earnings between women and men, we can perform a t-test on the coefficient estimate of female. The null hypothesis (H0) is that the coefficient estimate is equal to zero, indicating no difference.
If the t-test results in a statistically significant p-value (usually below a predetermined significance level like 0.05), we reject the null hypothesis and conclude that there is a significant difference in expected earnings between women and men.
iii) Difference in Earnings between Male and Female:
To determine the difference in earnings between male and female, we look at the coefficient estimate on female, which is 0.201. This indicates that, on average, female individuals have a higher expected earnings by a factor of exp(0.201) compared to males, holding all other variables constant.
The exponentiation of the coefficient estimate allows us to interpret it as a multiplicative effect on the expected earnings.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
Answer:
Option 1 and 2
Explanation:
Complete Question
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
CHECK ALL THAT APPLY.
High school athletes stop shopping there. The inventory of sports socks goes unsold. Publicity for the store declines. Profits decline because dress shoes cost less than sneakersSolution
Sole Sister Shoe Store chooses to sell dress shoes over sneakers because the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence Sole Sister Shoe Store started selling dress shoes
Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes
Answer:
A - high school athletes stop shopping there.
B - The inventory of sports socks goes unsold.
Explanation:
>.<
Mojor logisitics functions are logistics information management inventory management transportation and......
Answer:
warehousing
Explanation:
These are the options for the question
advertising
warehousing
financial projections
product design
Logistics can be regarded as process involving planning, as well as controlling the efficient and cost-effective flow, implementing and
storage of raw materials, as well as in-process inventory, and related information starting at origin point up to consumption point with the aim of for conforming to requirements of customer.roles of logistics are storage
transportation/delivery,distribution processing, and some activities to deliver products on time. It should be noted that Mojor logisitics functions are logistics information management inventory management transportation and warehousing
A business that exists to fulfill a specific mission or undertaking is called a(n) __________ business.
answer choices
mission-central
focused
for-profit
nonprofit
The answer is A business that exists to fulfill a specific mission or undertaking is called a(n) Nonprofit business.
What is Non-profit Business?A nonprofit organization is a business that has received tax-exempt status from the Internal Revenue Service. (IRS) because it promotes a social cause and helps the general public. Most of the time, individuals and businesses who give to charities can write off their contributions on their taxes, and nonprofits themselves are generally exempt from paying taxes on the gifts they receive or even any additional funds they raise via fundraising. Based on the part of the tax code that allows them to function, nonprofit organisations are sometimes referred to as NPOs or 501(c)(3) organisations.
Only organisations that support religious, scientific, philanthropic, educational, literary, public safety, or cruelty-prevention causes or goals are granted a nonprofit classification and tax-exempt status. Hospitals, universities, national charities, churches, and foundations are a few examples of nonprofit organisations
A nonprofit must provide some kind of benefit to the general public, whether it be in the form of products, services, or a combination of both. Additionally, they must disclose financial and operational data so that donors can see how—and how effectively—their donations have been put to use.
Additionally, nonprofits may exist to raise money to donate to other acceptable charities.
Example of a nonprofit business
Churches, public hospitals, and clinics public charities, public hospitals, and clinics political organizations, volunteer service organizations, labor groups, professional societies, academic institutions, museums, and maybe some governmental agencies are examples of non-profit organizations.
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A website that engages consumers and includes videos, blogs, activities, and other featuers that builds customer relationship and generates engagement is a ____________.
NutriSystem is website that engages the consumers and includes videos, blogs, activities, and the other featuers that builds customer relationship management and generates engagement.
What is customer relationship management?Customer relationship management (CRM) is a technique that enables companies and other organizations to manage their interactions with customers by analyzing large amounts of data. They give businesses the ability to better comprehend the needs of their target markets and how to successfully address those needs, retaining customers and increasing sales. CRM can be used with current, past, or potential customers. Customer relationship management, or CRM, refers to the principles, procedures, and rules that a company utilizes to engage with its customers.
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To all the people who wacth Mha, whats your fav thing about it?
Answer:
the character development is so god tier
Explanation:
Omar received $1,525 in gift when he graduated from high school. His pedants want him to save the money for collage, but Omar wants to buy new clothes, a watch, some CD’s, and a video game. He also needs new tires because the ones on his car are badly worn. Omar asked for your advice how should he spend his money
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answer:
bias
Explanation:
bias is the true anwer
A supply manager sources steel, which is a strategic component for the organization. As a result, an offshore supplier is chosen. A contract is executed and production begins. But within a few weeks, the supply manager receives criticism from senior management about the arrangement with the offshore supplier. Which of the following is the MOST likely reason for the criticism? A. Senior management was not consulted about the change. B. The new timelines were not acceptable. C. Training for the new supplier was inadequate. D. The product failed to meet quality specifications.
The most likely reason for the criticism is that the senior management was not consulted about the change.
Without a change management strategy to accompany a trade, humans bodily experience the fallout. Productivity and efficiency may additionally decline, which could have an effect on clients and providers. Valued employees may depart as frustration, change fatigue, and confusion connected to the new initiative grows.
The role of senior executives and organizational managers is key to any trading procedure, as their help and willingness to trade fuels the whole hierarchy. they may be chargeable for all strategic initiatives and organizational overall performance.
The change procedure owner is liable for defining and helping the general process concerned in alternate control. The activities consist of: Devising the process, in aid of the change manager and CAB. communicating the hints to appropriate stakeholders.
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Chris is about to give a speech on social media marketing to a room of professional marketers. How can he enhance his credibility?.
A way that Chris can enhance his credibility on the speech on social media marketing is to:
Point out the marketing challenges that he and the audience share when doing their jobs.Speak passionately on the subjectTell the audience about his background and experience concerning social media marketing.What is social media marketing?This is a branch of marketing that has to do with the use of the social media to create awareness for the services and the products of a business.
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Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
What are taxes that are applied specifically to imports and/or exports?
A.
capital
B.
tariffs
C.
wages
D.
global trade
Answer:
hola nose puede en español
The Correct Answer: tariffs
A new equipment requires an investment of $130,000 to generate an income of $20,000 for the first 3 years, thereafter, increasing by $10,000 for the remaining life of 10 years. To recover the investment under a no-return payback condition it will take:
To recover the investment under a no-return payback condition, it will take 6 years.
The payback period is a financial metric used to determine how long it takes to recover the initial investment in a project or equipment. In this case, the investment for the new equipment is $130,000, and the income generated is $20,000 for the first 3 years, increasing by $10,000 for the remaining 10 years.
To calculate the payback period, we need to determine when the total cumulative income equals or exceeds the initial investment. For the first 3 years, the total income generated would be $20,000 per year, resulting in a cumulative income of $60,000. We subtract this from the initial investment of $130,000, leaving a remaining amount of $70,000.
Since the income increases by $10,000 per year for the remaining 10 years, it will take an additional 7 years to accumulate $70,000. Therefore, the total payback period would be 3 years + 7 years = 10 years.
However, since we are looking for the payback period under a no-return condition, where no income is generated after recovering the investment, we subtract the additional 7 years from the total payback period. Hence, the final payback period under a no-return condition is 10 years - 7 years = 6 years.
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what is the primary source of fuel in south america
Choose the term that best matches the description given.
Blindly making a sales call is called a
.
.
Answer:
D. data blindness
Explanation:
or cold or warm calling
Which of the following refers to the way that interest added to an account earns
interest itself?
APY
compound interest
APR
annuity
Answer:
APY is when interest is added to an account that is earning the money so I belive that is the answer
Please Help!
1. The Pascal family: Both Mr. and Mrs. Pascal have been hired by a major employer in your town. They have been pre-approved for a loan of up to $300,000 and have enough cash to make a 20% down payment. They have steady incomes and hope to put down roots. Single family home, 3 beds and 2.5 baths.
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
2. The Harris family: They are a few years out of college and have been hired to teach school through the Teach for America program. Their contract is for one year. They have a little savings of about $1,200 in the bank. They are both fitness enthusiasts and love to ride bikes, play tennis and jog. Apartment with $800-$1000 monthly rent
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
3. The Middleburg family: They are looking to retire in your town to be closer to their grandchildren. They have $255,000 from the sale of their previous home to buy a house outright for a minimum $200,000. Mrs. Middleburg has neuropathy and may eventually need a wheelchair. Mr. Middleburg has a heart condition that needs to be monitored. Single story 3 beds, 2 bath “accessible” home. $200,000 - $250,000 range
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
Answer:
You should go to redfin.com and search a house that meets their needs I’m not sure if that’s the correct way to do the assignment but that’s how I did it
Explanation:
The pascal family of Mr. and Mrs. paschal have employed a major employ a man in the town. They have ales approved a loan of 300,000 and have enough cash to make a down payment.
The home listing URL is blog.hubspot.com. The home is big and located near the central business district. It is a good fit as it has all the available and necessary sites within one hour of reach. The harries family is a few years out of college and has been hired to teach in a school. They have contracts for one-year duration and have some savings of $1,200. They love to ride bikes and play tennis. Give a rent of 800-1000 USD. For them home would be a place that is far away from the downtown has cheap and affordable transportation and is not crowded. The middle burgs family is looking for retirement. The want to live close to their grandchildren. They have a $255,000 form sale and are used to wheelchairs. They need a home that is near the city and is near the medical care.Learn more about the Pascal family: Both Mr. and Mrs. Pascal have been.
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Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27,500 debit balance. The company’s May 31 bank statement shows $25,800 on deposit in the bank. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,600. May 31 cash receipts of $6,200 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.
Answer:
Please see solution below
Explanation:
Bank reconciliation as at June 31st.
•Bank statement balance
$25,800
Add:
Bank service charges
$100
NSF check
$600
Wrong drawn
$400
Total
$1,100
Adjusted bank balance
$26,900
Bank reconciliation as at June 31st.
•Cash book balance
$27,500
Add: outstanding checks
$5,600
Balance
$34,100
Less: deposit in transit
($6,200)
Adjusted book balance
$26,900
mary torres owns and operates a bakery. during the past week, she sold 500 loaves of bread at $2.25 per loaf. the raw materials for each loaf coast mrs. torres $1.80
what type of business does ms. torres operate?
what was the profit on bread sales for the week?
Answer:
b
Explanation:
Mary Torres runs a bakery business and her profit was 225 dollars for the past week.
What is business profit?Any kind of benefit produced when the gain produced by a business is more than the money spent on the business is called a business profit. Any profit that is earned from the business can be used by the business owners for themselves, to spend on the employees or to spend on the business.
In this case, the business run by Mary Torres is a bakery business where she bakes bread and sells them.
Over the past week, she has sold 500 loaves of bread.
The raw material for the 500 loaves of bread is priced at 1.80 dollars per loaf.
She sold each loaf of bread for 2.25 dollars.
Therefore, the total cost of raw materials for 500 loaves of bread is,
1.80 × 500 = 900 dollars.
Total money earned,
2.25 × 500 = 1125 dollars
So her profit was,
1125 - 900 = 225 dollars.
Therefore, Mary Torres has a bakery business where she made a profit of 225 dollars over the past week.
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It may seem surprising that the CEO selected to replace Steve Jobs was hired from within the firm. When considering who to appoint as CEO, the board had to consider many factors. What condition existed at Apple that would have suggested a preference to hire from outside? a. Apple's need to reverse recent poor performance b. Appreciation of Apple's culture and core values c. Apple's need to continually innovate d. The need for the CEO to know the firm's core competencies as well as be able to develop new ones
Answer:
C Apple's need to continually innovate
Explanation:
Organisation personnel can be hired through internal recruitment - from within the organisation, or through external recruitment - from outside the organisation.
Internal Recruitment has advantage of fresh, new talented people with creative, innovative ideas. External Recruitment has advantage of no need to introduce & orient existing people with organisation culture, rules etc.
Apple condition existed, suggesting to hire from outside : Apple's need to continually innovate
Apple condition existed, favouring replacing CEO from within the firm : The need for the CEO to know the firm's core competencies as well as be able to develop new ones
which united states president was the first to enact legislation monitoring and regulating corporations who were unfairly cooperating together to influence market forces?
Theodore Roosevelt was the first United States President to enact legislation monitoring and regulating corporations who were unfairly cooperating together to influence market forces.
Theodore Roosevelt,26th president of the United States (1901–09) and a writer, naturalist, and soldier. He expanded the powers of the presidency and of the federal government in support of the public interest in conflicts between big business and labour and steered the nation toward an active role in world politics, particularly in Europe and Asia. He won the Nobel Prize for Peace in 1906 for mediating an end to the Russo-Japanese War (1904–05), and he secured the route and began construction of the Panama Canal.
Theodore Roosevelt was the first United States President to enact legislation monitoring and regulating corporations who were unfairly cooperating together to influence market forces.
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According to Accenture's Technology Vision 2014, becoming a(n) _______ is crucial to how enterprises innovate and differentiate from competitors.
Answer:
Truly digital business.
Explanation:
Accenture's technology team are seen to take researches on companies that have technological features are most times results from their desk are set to be criterion or bench mark to tech development to ever company that wants/have dealings with technological materials.
Their approach compels firms to savage tech opportunities, utilizing them for the growth of their companies. Therefore companies that aim at growing further in this form in era like this details that everyone has an app. Furthermore, companies that are dominating in the mobile space don’t stop at offering. Also companies that put digital at the center of what they do know where their customers are attacking them rightly or not.
Josh borrowed $50,000 from the first state bank using his business assets as collateral. he used the money to buy city of blanksville bonds. over the course of a year, josh paid interest of?
The amount of interest paid by Josh over the course of a year depends on the interest rate charged by the First State Bank. To calculate the interest, we need to know the interest rate as a percentage and the time period involved.
For example, let's assume the bank charged Josh an annual interest rate of 6%. To calculate the interest paid, multiply the borrowed amount ($50,000) by the interest rate (6%) and divide by 100.
Interest = (Borrowed amount * Interest rate) / 100
= (50,000 * 6) / 1 = 3,000
So, if Josh had an interest rate of 6%, he would have paid $3,000 in interest over the course of a year.
Please note that the actual interest amount may vary depending on the interest rate and involved. It is important to know the specific interest rate and time frame to provide an accurate answer.
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Visual merchandising is three-dimensional and real, which is more effective than flat drawings or photos. True Or False
Discuss the professions related to finance.
Answer:
Financial officer, finance clerk, treasurer
Finance officers help to manage the finances of an organisation by keeping track of its income and controlling its spending.