Answers
The major reason why managers need to study the history of management is to A) avoid the mistakes of the past.
Importance of management history. Shows the types of management in the past. Shows their various successes and failures.From the successes and failures, a person is able to see the mistake that were made when using past management styles. This then allows them to avoid those same mistakes in the present.
In conclusion, option A is correct.
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Related Questions
The insurance industry was put into the care and authorization of the individual states by the passing of the _____.
McCarran-Ferguson Act
Health Insurance Portability and Accountability Act
Affordable Care Act
Dodd-Frank Act
Answers
The insurance industry was put into the care and authorization of the individual states by the passing of the Health Insurance Portability and Accountability Act.
What is Health Insurance Portability and Accountability Act?The two principal goals of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) could best be summarized as: guaranteeing that employees could maintain continuous health insurance if they lost or changed employment, and preserving the privacy of individual health information.
Streamlining industry inefficiencies, reducing paperwork, making it simpler to detect and prosecute fraud and abuse, and allowing workers in all professions to change occupations even if they (or family members) have pre-existing medical issues are the purposes and objectives of this legislation.
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Help Prepare a Guide on White-Collar Crime
Congratulations! You've been hired as a business consultant to a clothing outlet called Collars and
Moore, and it opens in your local mall next month. The outlet's owners, Hippolyta Collars and
Antigone Moore, are writing an employee handbook on white-collar crime for their staff, and they
have enlisted your expertise. They haven't written a handbook before and want to ensure the
handbook captures all of the relevant information.
Step 1. List five potential conflicts that ANY employee of the company could face, be it sales staff
on the floor or management staff in the office, or even a warehouse worker that ships products to
the outlet store,
Answers
The five potential conflicts that any employee of the company could face, be it sales staff on the floor or management staff in the office are:
Leadership Conflicts.Working place conflicts that exist between employees.Creative Conflicts. Personality Conflicts. Task-Based Conflicts.What is task and personality conflicts?Task conflict is defined as disagreements over important matters (such as opinions or ideas about how to best approach a task or handle a problem), whereas relationship conflict is defined as socioemotional or interpersonal conflicts that are typically accompanied by feelings of frustration and others.
In leadership conflicts, leaders are typically those who would step in to mediate disputes between coworkers. But some drama's focal point and origin are the leaders themselves.
Note also that Conflicts in Creative Conflicts over originality and ideas are considerably more prone to arise in groups. Workers may have different ideas and may respond to those ideas differently, which can cause conflict and rivalry.
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Isabella files her income tax return 35 days after the due date of the return without obtaining an extension from the IRS. Along with the return, she remits a check for $40,000, which is the balance of the tax she owes.Note: Assume 30 days in a month.Disregarding the interest element, enter Isabella's failure to file penalty and and failure to pay penalty.
Answers
Answer:
a. Failure to pay penalty = 400
b. Failure to file penalty = $4,000
Explanation:
The monthly rate for failure to pay penalty is 0.5% while the failure to file penalty.
Since it is assumed that there are 30 days in a month, the 35 days after the due date of the return without obtaining an extension from the IRS is will be counted as 2 months regardless of the fact that the second month is just 5 files when she filed.
Therefore, we have:
a. Failure to pay penalty = $40,000 * 0.5% * 2 = 400
b. Failure to file penalty = ($40,000 * 5% * 2) = $4,000
c. Total penalties = (Failure to file penalty - failure to pay penalty for the same period) + Failure to pay penalty = ($4,000 - $400) + $400 = $4,000.
Therefore, the total penalty Isabella will pay is $4,000.
Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
Answers
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Imagine you are writing a friend an email about your great new job. Use your imagination and your research findings!
Your paragraph/email should answer all of the following:
What career do you have?
Where do you work (hospital, office, lab)?
Whom do you work with?
What do you do at your job?
What makes you good at your job?
What equipment or technology do you use?
Answers
hey friend! i got a new job today. i’m very excited to work as a doctor, i work in a office sometimes but i go to patients most the time to help them! i work with sara who lives down the street from you. i help kids most the time. i let them use my stethoscope and stuff like that! thanks! [your name]
(Principles of management is the class I am taking )
What is a management control system? give a example
Answers
A management control system gathers information used to evaluate the performance of:
HumanPhysicalFinancialOther organizational resources.What is a management control system?A management control system is a management technique that evaluates the achievement of performance goals in terms of:
ProductivityProfitabilityEfficiency.Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.
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the black shoe company produces its famous madison shoe, which sell for $60m per pair, the operating income for 2020 is as follows: Revenues $300,000 Variable costs $120,000 Fixed costs $108,000
What is the break-even point in units?
Answers
Which of the following term is used to name a State Organ? Executive United Nations Council
Answers
Considering the available options, the term used to name a State Organ is "Executive."
This is because there are three organs of the government, whether state, federal or local.
Each of the three organs is the following:
Legislature,Executive,Judiciary.Each of the organs serves or performs different functions. State Executive enforces laws made by the Legislature, while the Judiciary interprets laws.
Hence, in this case, it is concluded that the correct answer is "Executive."
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Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows: Activity Budgeted Activity Cost Production "496,800" Setup 266,400 Inspection 96,800 Shipping 171,600 Customer service 78,400 Total $1,110,000 The activity bases identified for each activity are as follows: Activity Activity Base Production Machine hours Setup Number of setups Inspection Number of inspections Shipping Number of customer orders Customer service Number of customer service requests The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows: Machine Hours Number of Setups Number of Inspections Number of Customer Orders Customer Service Requests Units White sugar 3,170 150 220 880 70 7,925 Brown sugar 2,020 230 330 2,420 440 5,050 Powdered sugar 2,010 220 550 1,100 190 5,025 Total 7,200 600 1,100 4,400 700 18,000 Each product requires 0.9 machine hour per unit. Required: If required, round all per unit amounts to the nearest cent. 1. Determine the activity rate for each activity. Production $fill in the blank 1 per machine hour Setup $fill in the blank 2 per setup Inspection $fill in the blank 3 per move Shipping $fill in the blank 4 per cust. ord. Customer service $fill in the blank 5 per customer service request 2. Determine the total and per-unit activity cost for all three products. Total Activity Cost Activity Cost Per Unit White sugar $fill in the blank 6 $fill in the blank 7 Brown sugar fill in the blank 8 fill in the blank 9 Powdered sugar fill in the blank 10 fill in the blank 11 3. Why aren’t the activity unit costs equal across all three products since they require the same machine tim
Answers
1. The determination of the activity rate for each activity is as follows:
Activity Activity Rates
Production $69 per machine hour
Setup $444 per setup
Inspection $88 per move
Shipping $39 per customer order
Customer service $112 per customer service request
2. The determination of the total and per-unit activity cost for all three products is as follows:
Total and Per-Unit Activity Cost:
Total Activity Cost Activity Cost Per Unit
White sugar $346,490 $43.72
Brown sugar $414,200 $82.02
Powdered sugar $348,950 $69.44
3. The activity unit costs are not equal across all three products, despite each requiring the same machine time, because machine time is not the only activity base.
Activity Budgeted Activity Base
Activity Cost
Production $496,800 Machine hours
Setup 266,400 Number of setups
Inspection 96,800 Number of inspections
Shipping 171,600 Number of customer orders
Customer service 78,400 Number of customers
Total $1,110,000 service requests
White Brown Powdered Total
Machine Hours 3,170 2,020 2,010 7,200
Number of Setups 150 230 220 600
Number of Inspections 220 330 550 1,100
Number of Customer Orders 880 2,420 1,100 4,400
Customer Service Requests 70 440 190 700
Units 7,925 5,050 5,025 18,000
Each product requires 0.9 machine hours per unit
Determination of Activity Rates (Total Activity Cost/Activity Usage)Activity Activity Rates
Production $69 ($496,800/7,200)
Setup $444 ($266,400/600)
Inspection $88 ($96,800/1,100)
Shipping $39 ($171,600/4,400)
Customer service $112 ($78,400/700)
White Brown Powdered
Machine Hours 3,170x$69 2,020x$69 2,010x$69
Number of Setups 150 x$444 230x$444 220 x$444
Number of Inspections 220x$88 330x$88 550x$88
Number of Customer Orders 880x$39 2,420x$39 1,100x$39
Customer Service Requests 70x$112 440x$112 190x$112
White Brown Powdered
Machine Hours $218,370 $139,380 $138,690
Number of Setups 66,600 102,120 97,680
Number of Inspections 19,360 29,040 48,400
Number of Customer Orders 34,320 94,380 42,900
Customer Service Requests 7,840 49,280 21,280
Total overhead costs $346,490 $414,200 $348,950
Units 7,925 5,050 5,025
Activity Cost per unit $43.72 $82.02 $69.44
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When planning for the future you should keep in mind that
O a
as your level of education increases, your income potentially decreases
Ob
as your level of education decreases, your income potentially increases
Ос
as your level of education decreases, your income potential remains the same
Od
as your level of education increases, your income potentially also increases
Answers
Answer:
As your level of education increases,your income potentially also increases
Which statement best describes the current price for the good shown in this
graph of supply and demand schedules?
Supply and Demand Graph
Price of pizza
Demand curve Supply curve
$12.50
$10.00
$7.50
$5.00
$3.00
Current price
0
100 200 300 400 500
Quantity
O A. The current price equals the equilibrium price for the good.
B. The current price is higher than the equilibrium price for the good.
C. The current price will result in a low supply for the good
D. The current price will result in a low demand for the good.
Answers
Answer:
The Current price will result in a low supply for the good.
Explanation:
Answer above
The statement that most appropriately describes the current price for the goods displayed in the provided graph of demand and supply would be:
C). The current price will result in a low supply for the good.
The supply for a specific good depends on its price in the market. If the price is high, the firms like to supply more.While when the price of a good is low, the profit-making ability of the firms reduces significantly due to the reduction in price. As a result, the quantity supplied faces a fall. In the context of the given situation, since the price of Pizza is lower than the equilibrium price i.e. $3.00, the firms are not willing to supply more, and thus, the supply will become low.Thus, option C is the correct answer.
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What is an example of the consideration of visual merchandising?
A.
online ads using negative space to emphasize text
B.
social media videos with contrasting, bright images
C.
sponsored search engine results being shown in bold
D.
kids’ cereal boxes shelved about four feet high
Answers
An example of the consideration of visual merchandising can be seen in the way that kids’ cereal boxes are shelved in grocery stores. This is an example of how visual merchandising can be used to create an emotional connection with customers and influence their purchasing decisions. The correct option is D.
Visual merchandising refers to the visual elements that are used to promote a product or service. This includes the design of the product packaging, displays, advertising, and other marketing materials. Visual merchandising is important because it can help to create a strong brand identity, increase customer engagement, and ultimately drive sales.
Other examples of visual merchandising might include online ads that use negative space to emphasize text, social media videos with contrasting, bright images, and sponsored search engine results that are shown in bold.
All of these strategies are designed to capture the attention of the customer and encourage them to take action, whether it's clicking on an ad or making a purchase in-store. By carefully considering the visual elements of their marketing strategy, businesses can create a powerful and effective message that resonates with their target audience. The correct option is D.
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Students should think of a product or service idea that they think would sell. It can even be a hobby in which they are interested in (i.e. clothes, shoes, jewelry, make-up).
They are to narrow down the market to a niche market (i.e. teens, children, boys, girls, Adults), then create one offline marketing document (a flyer) using Microsoft Publisher or Microsoft Word, to promote their product/products.
Research to see what these types of ads can look like if you are unfamiliar with them.
Answers
Selling clothes will be a good idea and would provide better returns/ profits to the seller.
What is clothes Business?Clothes business is a business that sells clothes, the customers wear clothes and so describes their personality before they even speak, the customer therefore have different tastes to purchase the type of clothes that suits them, the color, the design and the soft wearable and comfortable material.
A flyer can easily be made on Microsoft Word, take a blank page to start add the title of the business name, then add the details about the nature of clothes that is shirts, t-shirts, jeans, pants and more. Then in the next line add the description of which market is targeted that is the potential customer that is the teenagers. In the end the address of the shop is to be added. A low price tag or starting from only $x can be used to attract more customers.
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Analyze various methods of conducting Internet research.
1. Magda is on a wellness committee at her company. As a member of the committee, she is planning to give a presentation to her coworkers about the flu in
preparation for the upcoming cold and flu season. She wants to do some research on the history, diagnosis, and treatment of the flu.
a) Help her identify some effective keyword and Boolean search strategies by filling out the table below. (5 points)
Strategy What It Does Example
Quotation Marks
“flu vaccines”
Plus sign ( + )
flu+vaccine+history
Pipe symbol (|)
flu vaccine|antibiotics
OR
flu vaccine OR antibiotics
NOT
flu vaccine NOT availability
b) Magda was able to find the following sources when she searched "flu diagnosis" using her favorite search engine: Help her determine whether these sources are accurate, relevant, and valid by filling out the table below. (9 points)
Accurate? Relevant? Valid?
First website
Second website
Third website
Synthesize (16 points)
Apply methods of effective Internet search strategies.
Use your favorite search engine to research one of topics below.
• Renewable energy
• The Ebola virus
• The Human Genome Project
1. List the keywords you typed in to your search engine. Then list the first three results. (3 points)
2. Now, use a different search engine and type in the same keyword. Did you get the same results as your first search? List the first three results from this search. (3 points)
3. You would like to narrow your search on this topic.
a) You want to look for information on this topic's history, but you don't want to include any information that pre-dates 1975. What Boolean operator would you use? (2 points)
b) You want to look up information on this topic as it relates to the U.S. government. What Boolean operator would you use? (2 points)
4. From all of your cumulative search results, list three reliable sources that you've found.
a) Cite these sources in MLA format. (3 points)
b) How can you confirm that these sites provide information that is accurate, relevant, and valid? (3 points)
Answers
An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.
What is an Internet research?An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).
The various methods of conducting Internet research.Generally, there are different methods used by researchers to conduct an Internet research and these include:
Cyber-ethnography.Social network analysis.Online content analysis.Web-based experiments.Online interviews.Online questionnaires.Online qualitative research.In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.
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You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 35-year mortgage loan for 85 percent of the $3,350,000 purchase price. The monthly payment on this loan will be $16,800. What is the APR on this loan? What is the EAR on this loan?
Answers
Answer:
APR = 2.43%
EAR = 2.46%
Explanation:
(a) What is the APR on this loan?
Annual percentage rate (APR) is the yearly interest rate that a borrower pays or an investor earns. It is expressed in percentage term without taking compounding into consideration.
This can be calculated using the Annual Percentage Rate (APR) formula as follows:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Interest rate * Purchase price = 85% * $3,350,000 = $2,847,500
Principal = Purchase price = $3,350,000
n = Number of days in the mortgage term = 365 days * 35 years = 12,775 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2,847,500) / 3,350,000 / 12,775] * 365} * 100
APR = 2.43%
(b) What is the EAR on this loan?
The Effective Annual Rate (EAR) refers to the interest rate earned by an investor in a year after the compounding has been adjusted for over a specified period.
This can be calculated using the Effective Annual Rate (EAR) formula as follows:
EAR = (1 + i/n)^n – 1 ..................... (2)
Substituting the values into equation (2), we have:
i = Stated annual interest rate = APR = 2.43%, or 0.0243
n = Number of compounding periods = 12
EAR = (1 + 0.0243/12)^12 – 1
EAR = 0.0246, or 2.46%
Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.
Answers
The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.
What does a graph with a market supply curve's vertical axis mean?In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
What products have vertical supply curves as examples?A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.
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Which of these stores uses fulfillment center?
A) Comet Dry Cleaner
B) Dunkin’ Donuts
C) Amazon
D) 7-11
Answers
The store which uses the fulfillment center is Amazon.
The order fulfillment center is seen as the customer of packaging, receptacles, or of the sections of canisters which it employs to maintain, safeguard, and contain the products which it packages. So, Fulfillment by Amazon (FBA) is a service which tends to allow businesses in order to outsource order fulfillment to Amazon.
Here, there are several business which send products to Amazon fulfillment centers and when a customer makes a purchase, we pick, we pack, and then we ship the order. Thus, they also provide customer service and process returns for the orders placed.
Hence, option C is correct.
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Seth is trying to identify potential leaders in his organization based on their defining characteristics. Seth is using the ______ approach.
a. skills
b. trait
c. behavioral
d. social judgment
Answers
The correct answer is a). skills. Based on their defining traits, Seth is attempting to identify potential leaders in his organisation. Seth is employing the skills strategy.
Three of the Big Five Personality Traits that define an effective leader include high degrees of conscientiousness, openness to new experiences, and extraversion.
Kurt Lewin distinguished between autocratic, democratic, and laissez-faire leadership philosophies in 1939. Of course, each has advantages and disadvantages of its own. The four fundamental components of leadership the led, the leader, the situation, and the communication—should be understood by every leader. When exercising leadership, all four aspects must constantly be taken into account, although their effects on one another vary depending on the situation.
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A firm has a market value of equity of $50,000. It borrows $12,500 at 7%. If the unlevered cost of equity is 18%, what is the firm's cost of equity capital
Answers
Answer: 21.63%
Explanation:
The firm's cost of equity capital will be calculated thus:
Market value of assets = $50000
Debt = $12500
Cost of debt = 7%
Unlevered cost of equity = 18%
Then, we'll calculate equity which will be calculated as:
= Market value of assets - Debt
= $50000 - $12500
= $37500
Then, the cost of equity capital will be:
= Unlevered cost of equity + [(Debt/equity) x (Unlevered cost of equity - Cost of debt)]
= 18% + [($12500/$37500) x (18% - 7%)]
= 18% + [0.33 x 11%]
= 18% + 3.63%
= 21.63%
Swifty Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,800 in 2020 and 12,000 in 2021. (a1) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile
Answers
Answer:
$0.25 per mile
Explanation:
The computation of the depreciation expense per mile under units-of-activity method is shown below;
= (Purchase cost - expected salvage value) ÷ estimated driven miles
= ($26,000 - $1,000) ÷ 100,000 miles
= $0.25 per mile
Hence, the depreciation expense per mile under units-of-activity method is $0.25 per mile
importances of self management
Answers
Answer:
Self-management skills allow you to maximize your productivity, improve your workplace performance and efficiently achieve professional goals. Improving your self-management skills can help you increase your employability and better manage your career path.
Explanation:
I hope it help.
Question 10 of 10
Adjusting entries are recorded __ of an accounting period
A. in the beginning
B. on the third day
C. in the first week
D. at the end
of an accounting period.
SUBMIT
Answers
Adjusting entries are recorded at the end of an accounting period.
Adjusting entries are made on top of an accounting duration to properly account for earnings and fees no longer yet recorded to your well-known ledger and have to be completed previous to remaining the accounting period. Adjustment intervals are additional periods that might be related to everyday durations from the source. An adjustment period refers to any accounting length installation to modify balances previous to the final length of the twelve months.
Adjusting entries are made on the giving up of the accounting duration to record all sales and expenses that have now not been recorded but belong within the modern-day period. They update the stability sheet and profits statement bills at the end of the accounting length. Adjusting magazine access is usually made at the end of an accounting duration to understand earnings or fees within the length that its miles incurred. it's far a result of accrual accounting and follows the matching and sales reputation concepts.
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The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $29,070, and determined that deposits in transit equal $16,800 and outstanding checks equal $18,750.
What is the adjusted cash balance?
Select one:
A. $21,120
B. $41,910
C. $16,800
D. $35,910
Lakeside Company is holding a $18,000, 90-day, 6% note receivable, dated December 1, 2019. The journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Select one:
A. Credit note receivable for $18,000
B. Credit interest income for $270
C. Debit to interest receivable for $90
D. Debit cash for $18,270
Answers
Answer:
Question 1
B. $41,910
Question 2
C. Debit to interest receivable for $90
Explanation:
Question 1
Calculation for the adjusted cash balance
Using this formula
Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks
Let plug in the formula
Adjusted cash balance= $43,860+$16,800-$18,750
Adjusted cash balance= $41,910
Therefore Adjusted cash balance is $41,910
Question 2
Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Debit to interest receivable for $90 which is calculated as:
Interest receivable=[(6%*$18,000*90days/360)/3]
Interest receivable=$270/3
Interest receivable=$90
Adjust the cash balances in the business bank account by subtracting monthly fees, overdraft charges, or adding interest. The amount of interest receivable is the amount of interest earned but not yet collected in cash.
1. The computation for the adjusted cash balance:
\(\text{Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks}\)
\(\text{Adjusted cash balance}= 43,860+16,800-18,750\) \(\text{Adjusted cash balance}= 41,910\)
Therefore, option C, $41,910 is the adjusted cash balance and is the correct answer for Question 1.
2.
\(\text{Interest receivable}=[\frac{0.06 \text{ X } 18,000 \text{ X } 90 \text{ days}}{360})/3]\)
\(\text{Interest receivable}= \frac{270}{3}\)
\(\text{Interest receivable=90}\)
Therefore, option C, interest receivable for $90 is the correct answer for Question 2.
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In what circumstances would a property insurance claim be rejected?
Answers
The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.
What are these circumstances?Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:
1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.
2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.
3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.
4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.
5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.
6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.
7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.
It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.
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Heather's Auto Body purchased new equipment with 90 days same as cash. What workflow would you recommend so she can set aside the money to pay it when it comes due
Answers
Answer:
1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Answer:
Create Bill > Pay Bills
Explanation:
You have to create a bill for the transaction and also set in motion the payment when it is due.
Galaxy Quest produces telescopes in a single processing department. All direct materials used in the production of telescopes are added at the beginning of the process. Conversion costs (labor and overhead) are incurred evenly thereafter, as each unit is assembled, adjusted, and tested. The company uses process costing and has provided the following production information for January and February. Jan. Feb. Number of units in beginning work in process inventory 0 100 Number of units started during the month 900 600 Total number of units transferred to finished goods 800 500 The units remaining in work in process at the end of January were approximately 70 percent complete with respect to their conversion costs. During the month of February, all of the beginning work in process units were completed and the units remaining in work in process at the end of the month were approximately 75 percent complete with respect to their conversion costs. a. For the month of January, calculate the equivalent units of input resources used for direct materials and conversion. b. For the month of February, calculate the equivalent units of input resources used for direct materials and conversion.
Answers
a) The calculation of the equivalent units of input resources used for direct materials and conversion for January in Galaxy Quest is as follows:
Direct Materials Conversion
Total equivalent units for January 900 870
b) The calculation of the equivalent units of input resources used for direct materials and conversion for February in Galaxy Quest is as follows:
Direct Materials Conversion
Total equivalent units for February 700 650
What is the equivalent unit of production?The equivalent unit of production is an estimate of the units produced during an accounting period based on the percentage or degree of completion.
Using the weighted-average method, the equivalent units of production can be calculated as below.
However, another method for calculating the equivalent unit of production is the FIFO method. Under the FIFO method, the level of completion done on the beginning inventory in the current period is considered, unlike under the weighted-average method.
Production Data and Calculations:Jan. Feb.
Number of units in beginning work in process inventory 0 100
The number of units started during the month 900 600
Total units available for processing 900 700
Total number of units transferred to finished goods 800 500
Number of units in ending work in process inventory 100 200
Equivalent units of production for January:
Units Direct Materials Conversion
Units completed 800 800 (100%) 800 (100%)
Ending inventory 100 100 (100%) 70 (70%)
Total equivalent units for January 900 870
Equivalent units of production for February:
Units Direct Materials Conversion
Units completed 500 500 (100%) 500 (100%)
Ending inventory 200 200 (100%) 150 (75%)
Total equivalent units for February 700 650
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Tax Drill - Defined Contribution Keogh
Zack, a sole proprietor, has earned income of $85,000 in 2019 (after the deduction for one-half of self-
employment tax).
The maximum contribution Zack may make to a defined contribution Keogh plan is $
What i
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Zack's maximum amount is $53,000 and the following can be defined in additional calculations:
Only owners, partnerships, and LLCs are given a Keogh pension plan and a flexible pension plan.For 2015, the maximum contribution for Keogh's plan is $53,000.In this question, Zack is the lone owner. It is therefore eligible for the Keogh plan and has a $53,000 maximum contribution.Note:
This issue was based on the year 2015 when year changes also change.
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Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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The C corporation is another term for the conventional form of corporation
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A C corporation (or C-corp) is a felony shape for a agency in which the owners, or shareholders, are taxed separately from the entity. C corporations, the most generic of corporations, are also subject to company income taxation.
What is every other term for C corporation?When a small enterprise incorporates, it is robotically a C corporation, also called a normal corporation. The most primary characteristic of the agency is that it is legally considered as an man or woman entity, separate from its owners, who are now shareholders.
The “C” in C Corporation stands for a subchapter of the IRS tax code that governs this entity's federal taxation. C Corporations are prison structures for organizations that tax income one by one from their owners.
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https://brainly.com/question/1918077#SPJ1Which of the following statements is true of the international business strategy of licensing?
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It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.
Therefore, The statement is absolutely true. About The international business strategy of licensing.
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