The independent cases are listed below includes all balance sheet accounts related to operating activities:
Case A Case B Case C
Net income $ 303,000 $ 11,500 $ 413,000
Depreciation expense 33,000 143,000 73,000
Accounts receivable increase (decrease) 86,000 (193,000) (13,000)
Inventory increase (decrease) (43,000) 28,000 43,000
Accounts payable increase (decrease) (43,000) 113,000 63,000
Accrued liabilities increase (decrease) 53,000 (213,000) (33,000)
Required:
1. Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with minus sign.)
Case A Case B Case C
Net Income
Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities
Depreciation
Changes in Assets and Liabilities
Accounts Receivable
Inventory
Accounts Payable
Accrued Liabilities
Net Cash Provided by Operating Activities
Answers
Answer:
Explanation:
Cash flow from operating activities:
Case A Case B Case C
Net Income 3,03,000 11,500 4,13,000
Depreciation Expense 33,000 1,43,000 73,000
Accounts Receivable increase(decrease) -86,000 1,93,000 13,000
Inventory increase(decrease) 43,000 -28,000 -43,000
Accounts Payable increase(decrease) -43,000 1,13,000 63,000
Accrued Liabilities increase(decrease) 53,000 -2,13,000 -33,000
Net Cash provided by Operating activities 3,03,000 2,19,500 4,86,000
Answer:
See answer and explanation below.
Explanation:
Details Case A ($) Case B ($) Case C ($)
Net income 303,000 11,500 413,000
Depreciation expense 33,000 143,000 73,000
Changes in Assets and Liab.:
Accounts receivable (86,000) 193,000 13,000
Inventory 43,000 (28,000) (43,000)
Accounts payable (43,000) 113,000 63,000
Accrued liabilities 53,000 (213,000) (33,000)
Net Cash from Operating Act. 303,000 219,500 486,000
Related Questions
For each transaction:
a. analyze the transaction using the accounting equation
b. record the transaction in journal entry form
c. post the entry using T-accounts to represent ledger accounts.
1. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value in exchange for common stock.
2. On May 21, Elegant Lawns purchases office supplies on credit for $500.
3. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
4. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.
Answers
Answer:
Elegant Lawns
a. Analysis of transactions using the accounting equation:
1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000
2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000
b. Journal Entries:
Date Account Titles Debit Credit
1. May 15, Assets: Cash $7,000
Assets: Equipment $3,000
Equity: Common stock $10,000
2.
May 21, Assets: Office supplies $500
Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000
Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000
Equity: Service Revenue $1,000
c. T-accounts:
Cash
Date Account Titles Debit Credit
1. May 15 Common stock $7,000
3. May 25, Service revenue 4,000
4. May 30, Service revenue 1,000
Equipment
Date Account Titles Debit Credit
1. May 15 Common stock $3,000
Office Supplies
Date Account Titles Debit Credit
2. May 21, Accounts Payable $500
Common Stock
Date Account Titles Debit Credit
1. May 15 Cash $7,000
1. May 15 Equipment 3,000
Accounts Payable
Date Account Titles Debit Credit
2. May 21, Office supplies $500
Service Revenue
Date Account Titles Debit Credit
3. May 25, Cash $4,000
4. May 30, Cash 1,000
Explanation:
a) Data and Analysis with Accounting Equation:
1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000
2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500
3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000
4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000
People invest in the stock market because:
A. The time value of money states that money available now is
worth more than the same amount of money later because of
its potential to grow.
B. Investing in companies through the stock market offers a
chance to share in the profits of those companies.
C. Investing in the stock market generally offers a higher return
than interest earned on a savings account.
D. All of the above
Answers
Answer: A
Explanation:
occurs when a firm maximizes its resources to build a competitive advantage across its various business units.a. Synergy b. A single-product strategy c. A corporate advantage d. Diversification
Answers
The option that occurs when a firm maximizes its resources to build a competitive advantage across its various business units is c. A corporate advantage.
Corporate advantage refers to the ability of a company to use its resources and capabilities to create value across its various business units or divisions.
This can be achieved through a variety of strategies, such as shared services, shared technology platforms, centralized procurement, and shared distribution channels. By leveraging its resources and capabilities in this way, a company can create synergies and achieve economies of scale that would be difficult to achieve if each business unit operated independently. The result can be a stronger competitive position and increased profitability for the company as a whole.
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The United States requires that 50 percent of all parts used to construct an automobile in the United States be manufactured in the United States. As a result of this, when Toyota Motor Company builds automobile manufacturing plants in Tennessee and Ohio, it faces economic risks associated with _______
Answers
Answer:
Local-content laws
Explanation:
Local content laws are designed to encourage increased impact of locally produced goods on the local, regional, or national economy.
It goes beyond just making profit for the firm, but also how much the local products contribute to the economy.
In the given scenario the local content law in the United States is that 50 percent of all parts used to construct an automobile in the United States be manufactured in the United States.
This is a local content requirement.
So Toyota motor Company is facing risk associated with local content laws.
What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
Answers
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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With trade wars looming, the future of the multilateral trading system looks more precarious than it has in decades. Looking beyond the day-to-day headlines, what are the deeper economic and political forces at the domestic and international levels that have brought us to this point? How do the theories from the field of International Political Economy help us to make sense of these recent developments?
Answers
Increased manufacturing has helped some countries fill up the gaps.
People and policymakers should be educated about how expensive a trade war can be.
It's possible that some politicians will be educated about the dangers of protectionism.Learning that, as Norway, Korea, and many others have discovered this year, a favorable trading nation is not necessarily friendly.commercial and political figures to help you expand your exports to a wide range of nations. Do not concentrate your exports in a single nation.Identify opportunities to produce new products in order to boost exports in nations that rely heavily on imports.
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A machine shop has 100 drill presses and other machines in constant use. The probability
that a machine will become inoperative during a given day is 0.002. During some days, no
machines are inoperative, but on other days, one, two, three, or more are broken down.
What is the probability that fewer than two machines will be inoperative during a
particular day?
Answers
The probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
How did we get the value?To find the probability that fewer than two machines will be inoperative during a particular day, calculate the probability of having zero or one machines inoperative.
Denote the event "a machine becomes inoperative during a given day" as A. The probability of this event is given as P(A) = 0.002.
To calculate the probability of fewer than two machines being inoperative, calculate the probability of zero machines being inoperative (P(0)) and the probability of one machine being inoperative (P(1)), and then sum them up.
The probability of zero machines being inoperative is given by:
P(0) = (1 - P(A))¹⁰⁰
= (1 - 0.002)¹⁰⁰
= 0.980198
The probability of one machine being inoperative is given by:
P(1) = 100 × P(A) × (1 - P(A))^99
= 100 × 0.002 × (1 - 0.002)^99
= 0.198003
Now, calculate the probability of fewer than two machines being inoperative:
P(fewer than two) = P(0) + P(1)
= 0.980198 + 0.198003
= 0.982201
Therefore, the probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
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Which describes the difference between a personal loan and a credit card?
Credit cards offer lump sums of money, while personal loans set a maximum amount a person can borrow.
Credit cards are secured loans for large amounts, while personal loans are unsecured for small purchases.
Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow.
Personal loans are secured for small purchases, while credit cards are unsecured loans for large amounts.
Answers
C: Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow.
Explanation:
Loans are borrowed to enhance business or organization functions. Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow
What is personal loan?personal loan are loans borrowed by an individual to pay for personal expenses, it is repaid with time.
It allows an individual to collect huge amount of money
What is Credit Card?
A credit card is a card own by an individual that allows you to borrow money within certain range or limits.
Therefore, Personal loans offer lump sums of money, while credit cards set a maximum amount a person can borrow
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Use the following information to answer question. Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for $100 each. It costs Madelyn $20,000 for the raw materials to produce the 1,000 pieces of pottery. She has invested $100,000 in her factory and equipment: $50,000 from her savings and $50,000 borrowed at 10 percent (assume that she could have loaned her money out at 10 percent, too). Madelyn can work at a competing pottery factory for $40,000 per year.
The accounting profit at Madelyn's pottery factory is:______
a. $35,000.
b. $75,000.
c. $30,000.
d. $70,000.
e. $80,000.
Answers
sorry if wrong
If the growth rate in an economy is 3%, then its GDP will double in about:
A.
20 years.
B.
23.33 years.
C.
70 years.
D.
245 years.
Answers
Answer:
B. 23.33 years.
Explanation:
If we are going to make use of rule of seventy (70) to help us know the actual time that it takes for a country to double their economy GROSS DOMESTIC PRODUCT (GDP) which means that it will take up to 14 years for a country that has 5% growth rate to double their GDP but in a situation where a country economy has a growth rate of 3% it will takes actually takes 23 .3 years to double their GDP or 10 years to double their GDP.
Which of the following statements about accrual accounting is true ?
Multiple Choice
A.Revenue is recorded only when cash is received.
B. Expenses are recorded when they are incurred.
C. Revenue is recorded in the period when it is earned.
D.Revenue is recorded in the period when it is earned and expenses are recorded when they are incurred.
Answers
The true statement about accrual accounting is Revenue is recorded in the period when it is earned and expenses are recorded when they are incurred. Option D
What is meant by accrual accounting?Accrual accounting is the practice of a company registering a financial transaction at the moment of the sale rather than when the money actually enters the bank account. By using this strategy, the company is able to include all sales, both cash and credit, in that month's data, which provides a fuller view of the company's financial situation.
Money that has been earned, spent, but not yet paid out, is referred to as an accrual. Accruals are used by businesses to monitor what is owing. It can be cash that will be received, like payment from a client. Or a sum that will be spent, such as money owing to a vendor, a worker, or the tax authority.
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what are multiple ways a company can hold a competitive advantage over another company like apple or samsung.
Answers
Answer: here you go
Explanation:
There are multiple ways a company can hold a competitive advantage over other companies like Apple or Samsung. Here are some common strategies:
Product Differentiation: Offering unique features, designs, or functionalities in products or services that differentiate the company from competitors. This can include innovative technology, superior quality, or exclusive features.
Branding and Reputation: Building a strong brand identity and reputation in the market. A positive brand image can attract customers and create a sense of trust and loyalty.
Cost Leadership: Implementing efficient processes, economies of scale, and cost-effective operations to offer products or services at a lower price than competitors. This strategy aims to attract price-conscious customers.
Customer Service and Support: Providing exceptional customer service, timely support, and personalized experiences to enhance customer satisfaction. Building strong customer relationships can result in customer loyalty and repeat business.
Innovation and Research & Development: Investing in continuous research and development efforts to bring new and improved products or services to the market. Staying ahead of the competition through innovation can create a significant competitive advantage.
Supply Chain Management: Developing efficient supply chain networks to ensure timely delivery, cost-effective sourcing, and quality control. Streamlining the supply chain can result in cost savings and faster response times.
Marketing and Advertising: Implementing effective marketing and advertising strategies to create brand awareness, reach target audiences, and influence customer purchasing decisions.
Intellectual Property and Patents: Owning valuable intellectual property rights, such as patents, copyrights, or trademarks, that provide legal protection and prevent competitors from copying or replicating products or technologies.
Strategic Alliances and Partnerships: Collaborating with other companies, suppliers, or distributors to leverage complementary strengths, expand market reach, or gain access to new technologies or resources.
Talent and Human Resources: Attracting and retaining top talent, fostering a culture of innovation and excellence, and providing opportunities for employee growth and development. Skilled and motivated employees can contribute to a competitive advantage.
It's important to note that competitive advantages may vary depending on the industry, market dynamics, and specific business strategies. Companies often employ a combination of these strategies to differentiate themselves and gain an edge over their competitors.
Answer:
Explanation:
some information on how a company can hold a competitive advantage over another company like Apple or Samsung.
Innovation: Companies that are innovative and constantly come up with new products and services have a competitive advantage over their competitors. Apple, for example, is known for its innovative products like the iPhone and iPad.
Branding: A strong brand image can give a company a competitive advantage. Apple and Samsung are both well-known brands that have a loyal customer base.
Cost leadership: Companies that can produce goods at a lower cost than their competitors can offer lower prices to customers, giving them a competitive advantage. This is a strategy that companies like Walmart and Amazon use.
Customer service: Companies that provide excellent customer service can differentiate themselves from their competitors. This is an area where companies like Zappos and Nordstrom excel.
Distribution channels: Companies that have efficient distribution channels can get their products to customers faster and more efficiently than their competitors. Amazon, for example, has a vast distribution network that allows it to offer fast and reliable shipping to customers.
Overall, there are many ways a company can hold a competitive advantage over another company. It often comes down to finding a unique value proposition that sets them apart from their competitors.
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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.
Answers
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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True or false many small businesses fail every year
Answers
Answer:false
Explanation:
Select the education and qualifications that are most helpful for Human Resources careers. Check all that apply.
integrity
long-term planning skills
communication skills
bachelor’s degree
research skills
creativity
organizational skillsWhich is the best estimate for the percent equivalent of 7/15
Answers
Answer:
2 4 5 7
Explanation:
Answer:
2,4,5,7
Explanation:
when oligopolists within the communications industry produce differentiated rather than identical products,
Answers
They often reach on a tacit agreement not to compete on price. Christmas sales are getting earlier and earlier, and invading Thanksgiving is in the form of: prisoner's dilemma.
What is mean by prisoner's dilemma?
The prisoner's dilemma presents a situation in which two parties are separated, unable to communicate, and must decide whether to cooperate. If both parties choose to work together, the best rewards will occur for each party.
What is an prisoner's dilemma with example?
Two Prisoner's dilemma are accused of a crime. If one confesses and the other does not, the one who confesses will be released immediately and the other will face 20 years in prison. If no one confesses, each will only be held for a few months. If both confess, they will each be sentenced to 15 years in prison.
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What is YTM of a bond that matures in 23 years with semiannual coupon payments if quoted price is 103.203, par value $2,000 coupon rate of 6.81%?
Answers
The YTM is 6.54% for the required period of time. YTM means yield to maturity.
What is the meaning of YTM?A rate of return estimate is the yield to maturity (YTM). It is assumed that the bond buyer would keep the bond until it matures and that they will reinvest all interest payments at the same interest rate. Consequently, the coupon rate is taken into account while calculating yield to maturity. YTM is another name for the yield on redemption.
According to given question
Face value=$ 2000
Current price= 2000*(103.203/100)=2064.06
Time=23*2=46
Coupon=6.81*2000*5=68.1
YTM=[(68.1+((2000-2064.06)/46))/(2000+2064.06)/2)*2
YTM=6.54%
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Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000 per year Salvage value at the end of the project $ 11,000 Expected life of the project 4 years Discount rate 15% Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:
NOTE : I got an overview of the answer BELOW BUT I want to clarify HOW THE ´´1.12´´ value is obtained please?
For me I would have had ´´1.15´´ (1+0.15 where 0.15 is the 15% discount rate).
Kindly help me to clarify this please.
EXPECTED ANSWER IS CORRECT: $516
Answers
The net present value of the project by Respass Corporation is closest to $462.
What is the net present value?The net present value is the difference between the present values of the cash inflows and cash outflows over an investment period.
The present value is the discounted future value at an interest rate.
Initial investment = $160,000
Annual cash flow = $54,000 per year
Salvage value at the end of the project =$11,000
Expected life of the project = 4 years
Discount rate = 15%
Present value annuity factor of 15% for 4 years = 2.855
Present value factor of 15% for 4 years = 0.572
The net present value of the project:Initial investment = -$160,000
Annual cash flow = $154,170 ($54,000 x 2.855)
Salvage value = $6,292 ($11,000 x 0.572)
Net present value = $462 ($154,170 + $6,292 - $160,000)
Thus, the net present value is $462.
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Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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a. Cash receipts from customers for services rendered __________ Operating __________Inflow
b. Sale of long-term investments for cash __________Investing__________ Inflow
c. Acquisition of PPE for cash _________ Investing _________ Outflow
d. Payment of income taxes ______ Operating __________ Outflow
e. Bonds payable issues for cash________ Financing __________ Outflow
f. Payment of cash dividends declared in previous year _________ Financing _______ Outflow
g. Purchase of short-term investments (not cash equivalents) for cash_______ Investing ______ Outflow
h. Purchases of inventory for cash _______ Operating _________ Outflow
Answers
Answer:
a. Cash receipts from customers for services rendered
Indication: Operating activities and Cash Inflow
b. Sale of long-term investments for cash
Indication: Investing actiivity and Cash Inflow
c. Acquisition of property, plant and equipment for cash
Indication: Investing activity and Cash Outflow
d. Payment of income taxes
Indication: Operating activity and Cash Outflow
e. Bonds payable issues for cash
Indication: Financing Activity and Cash Outflow
f. Payment of cash dividends declared in previous year
Indication: Financing activity and Cash Outflow
g. Purchase of short-term investments (not cash equivalents) for cash
Indication: Investing activity and Cash Outflow
h. Purchases of inventory for cash
Indication: Operating activity and Cash Outflow
Definition of terms
Operating Activity: This activity will show how much the cash flow from the business in operating . This included net profit and changes in assets and liabilities and amortization expenses .
Investing Activities: This part is shows the where the money is invested or investment is sold.
Financing Activities: This activities will show the cash flow from financing activities between the reporting period example. Raising or payment of the fund through the common stock , preference and bonds etc.
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answers
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Explain I don’t know js copied
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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A company recognizes an expense when it
OA. records the amount in its financial records
OB. sells the good or service involved in the expense
OC. makes the purchase involved in the expense
OD. records the transaction in the vendor file
SUB
Answers
In accounting, the company recognizes an expense when it records the amount in its financial records. The Option A.
When does a company recognize an expense?Expenses are mostly recognized by a company when they are incurred most especially when the payment is made. This means that an expense is recognized when the goods or services related to it are consumed or utilized or when asset loses value.
In accounting terms, expenses are recorded in the financial records through the use of the matching principle which requires that expenses be recognized in the same period as the revenue they help generate. This ensures that a company's financial statements accurately reflect the true profitability of the business.
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The amount you pay each time you visit a health care provider or have a prescription filled is called a
Answers
The amount that a person pays when they visit health care providers or have their prescription filled is a Copayment.
What is a copayment?A copayment refers to the amount that people pay to their healthcare providers out of their pocket when they go to get services such as having their prescriptions filled.
Copayments are usually fixed amounts that depend on the kind of care you receive from your healthcare provider.
In conclusion, that amount that is paid by a person when they visit a health care provider or go to fill up their prescription is a Copayment.
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How did the McDonald brothers lose the Mcdonalds business?
Answers
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc. so only he lose . and pls add my in brainliest answer
Answer:
Ray Kroc's initial franchising deal with the McDonald's brothers looked like this: a franchise fee of $950 with a 1.9 percent service fee assessed on food sales, 0.5 percent paid to the McDonald brothers as a royalty, and the remaining 1.4 percent going to Kroc.
The accumulation of years of spending more money than is collected in revenues over several years creates a budget
O debt
O deficit
Osurplus
Oreversal
Answers
Answer:
deficit
Explanation:
Indeed, when a government accumulates years of spending more money than is collected in revenues a deficit budget is created as result.
For example, the United States is estimated to have a national debt of about 27 trillion dollars; meaning it has incurred expenses worth more than the total revenues gotten in the country for years. In other to prevent or go out from a deficit budget, more revenue-generating sources needs to be created in the economy so the country can operate a balanced budget.
Answer:
B
Explanation:
Deficit
I will give brainliest and ratings if you get this correct
Answers
A The indifference curve is negatively sloped to the right because as the consumer increases consumption of one good (e.g. X), they must decrease consumption of the other good (Y) in order to maintain the same level of utility. This leads to a downward slope of the indifference curve.
B. The indifference curve is convex to the origin because the marginal rate of substitution (MRS) between the two goods decreases as the consumer increases consumption of one good. This diminishing MRS implies a convex shape of the indifference curve.
How to explain the informationC. To find the optimal combination of goods, we can use the Lagrange method:
Max U(X,Y) = √X² + Y²
Subject to the budget constraint: 3X + 4Y = 200
The Lagrangian function is:
L = √X² + Y² + λ(200 - 3X - 4Y)
Taking partial derivatives with respect to X, Y, and λ and setting them equal to 0, we get:
dL/dX = X/√(X²+Y²) - 3λ = 0
dL/dY = Y/√(X²+Y²) - 4λ = 0
dL/dλ = 200 - 3X - 4Y = 0
Solving these equations, we get:
X/√(X²+Y²) = 3λ
Y/√(X²+Y²) = 4λ
3X + 4Y = 200
Squaring the first two equations and adding them, we get:
X² + Y² = 25λ²
Substituting this into the budget constraint, we get:
3X + 4Y = 200
3X + 4Y = 200
3X + 4(5λ√(X²+Y²)) = 200
3X + 20λX = 200
X = 40/(3 + 20λ)
Substituting this back into the budget constraint, we get:
3(40/(3 + 20λ)) + 4Y = 200
Y = 50/(3 + 20λ)
Therefore, the optimal combination of goods is:
X = 40/(3 + 20λ)
Y = 50/(3 + 20λ)
To find the value of λ, we can substitute X and Y into the budget constraint and solve for λ:
3X + 4Y = 200
3(40/(3 + 20λ)) + 4(50/(3 + 20λ)) = 200
120 + 160 = 600 + 800λ
λ = -1/20
Substituting λ back into X and Y, we get:
X = 40/2 = 20
Y = 50/2 = 25
Therefore, the optimal combination of goods is (X,Y) = (20,25), and the slope of the indifference curve at this point is equal to the slope of the budget line, which is -3/4.
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Derick works as a customer service representative in a car showroom. He needs to interact with several customers every day. In which situation would Derick deliver the most effective customer service?
Answers
Answer: c) while handling a complaint that a customer is furious about
Explanation:
Answer:
while handling a complaint that a customer is furious about
Explanation: I took the test
In the video, Heidi discusses the importance of maintaining uniformity across the Bow Wow franchises to ensure efficient operations and a consistent customer experience. Now she asks you how best to achieve this objective as the business grows even bigger. What should you tell her? Check all that apply.
Answers
Answer:
• Outline detailed steps for each major business process and insist that all franchises follow them.
• Adopt consistent compensation policies so employees know how they will be rewarded for performance.
• Take corrective action whenever an employee's work is not meeting standards.
Explanation:
Based on the information that has been given in the question, in order to achieve the objective of maintaining uniformity across the Bow Wow franchises to ensure efficient operations and a consistent customer experience, Heidi should adopt consistent compensation policies so that the employees will know how that they will be rewarded for their performance. This will be a morale booster and the employees will be determined to work harder and achieve organizational goals.
Furthermore, Heidi should outline detailed steps for every major business process and insist that all franchises follow. This is necessary so that uniformity will be maintained across the Bow Wow franchises which will help in ensuring efficiency in operations.
Lastly, when a worker isn't doing what's expected of him or her, and therefore not meeting standards, corrective action should be taken in order to get the employee back to track.
Complete Part 1 of the assignment by g
iving three examples of your workplace strengths and explaining each with one or two paragraphs for each strength.
Please help
Answers
Three examples of my workplace strengths are adaptability, collaboration, and initiative.
What are workplace strengths?Workplace strengths consist of the skills, abilities, and personal attributes that one brings to one's job that enables the person to perform well in his/her role.
Examples are:
Adaptability, which means being able to adjust to changing circumstances.
When one is adaptable, he is creative and ready to come up with solutions to unexpected problems, be it in a new project, a new team, or a new way of doing things.
Collaboration refers to being able to work well with others, share ideas, and have strong relationships.
Collaborators are not afraid to listen to other people's perspectives and are always willing to compromise to find the best solution.
Initiative is another of my strength in the workplace. Being initiative allows me to identify problems and come up with solutions.
It also enables me to be unafraid of taking risks and to try new ways to make a positive impact on the organization.
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