The statement is false. The budget and the administration of the budget are not entirely accounting responsibilities. While accounting plays a significant role in the budgeting process, other stakeholders, such as management and various departments, also contribute to the development and execution of a budget.
A budget is a financial plan that outlines an organization's expected revenues, expenditures, and objectives for a specific period. It serves as a tool for decision-making, resource allocation, and performance evaluation. The budgeting process typically involves collaboration between accounting professionals, who provide financial data and analysis, and managers from different departments, who contribute their operational insights and strategic objectives.
The administration of the budget requires ongoing monitoring, evaluation, and adjustments to ensure that the organization stays on track with its financial goals. This process involves not only accountants but also management teams who review financial reports, analyze variances, and make informed decisions to improve overall performance.
In conclusion, while accounting is an essential component of the budget and its administration, other key stakeholders also contribute to the process. Ensuring a successful budget requires collaboration, communication, and cooperation among all relevant parties within an organization.
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certificates of deposit and money market accounts are both examples of investments with __________ risk and __________ return.
Certificates of deposit and money market accounts are both examples of investments with high risk and low return.
What is the purpose of a certificate of deposit?A certificate of deposit is a type of savings account in which the issuing bank holds a specific quantity of money for a specified period of time, such as six months, one year, or five years, in exchange for interest.
When one cash in or redeem your CD, they get the money they put in plus any interest earned.
Thus, high and low are correct.
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11. distinguish between fraudulent financial reporting and misappropriation of assets. discuss the likely difference between these two types of frauds on the fair presentation of financial statements.
Fraudulent financial reporting and misappropriation of assets are two types of financial fraud that can have significant impacts on the fair presentation of financial statements.
To distinguish between fraudulent financial reporting and misappropriation of assets, and discuss the likely difference between these two types of frauds on the fair presentation of financial statements:
Fraudulent financial reporting involves the intentional manipulation of financial statements to present a more favorable financial position. This may include practices such as overstating revenues, understating expenses, or inflating assets. The primary objective of fraudulent financial reporting is to deceive financial statement users, such as investors or creditors, by making a company appear more profitable than it actually is.
Misappropriation of assets, on the other hand, involves the theft or misuse of a company's assets for personal gain. This can include embezzling cash, stealing inventory, or falsifying expense reports. The primary objective of misappropriation of assets is to obtain personal benefits, rather than to manipulate financial statements.
The likely difference between these two types of frauds on the fair presentation of financial statements is as follows:
1. Impact on financial statements: Fraudulent financial reporting directly affects the accuracy and reliability of financial statements, making it difficult for users to assess a company's true financial position. Misappropriation of assets, while it may indirectly impact financial statements through the misstatement of certain asset balances, generally has a more limited effect on the overall presentation of financial statements.
2. Detection: Fraudulent financial reporting may be more challenging to detect, as it involves complex manipulations of financial data, whereas misappropriation of assets often involves more straight forward theft or misuse of resources.
3. Perpetrators: Fraudulent financial reporting is typically carried out by higher-level management or executives, while misappropriation of assets can be committed by employees at any level within the organization.
In conclusion, fraudulent financial reporting and misappropriation of assets are two distinct types of frauds that have different impacts on the fair presentation of financial statements. Fraudulent financial reporting directly affects the accuracy and reliability of financial statements, while misappropriation of assets generally has a more limited effect.
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Which policy covers an organization against losses which might arise as a result of debtors failure to pay their debts
Answer:
A credit insurance policy covers an organization against losses that might arise as a result of debtors failing to pay their debts. Credit insurance is designed to protect a business against the risk of nonpayment by its customers or clients. It can cover a wide range of risks, including commercial and political risks, and can be customized to meet the specific needs of an organization. Credit insurance can be an important tool for businesses that rely on credit to fund their operations or that have a large number of customer accounts. It can help to mitigate the financial impact of unpaid debts and reduce the risk of financial losses for the business.
The slope of a consumer's budget constraint is determined by the ___. a. productive efficiency of the production process b. amount of income a person has. c. relative prices of the two goods g
The correct answer is option C. The slope of a consumer's budget constraint is determined by the relative prices of the two goods.
When it comes to the slope of the budget constraint, it is essentially the ratio of the two goods’ prices that will determine the budget constraint’s steepness or flatness. To explain in more than 150 words, a budget constraint shows the various combinations of two goods that a consumer can buy given their income and the prices of those goods. The vertical axis of the graph represents the amount of the first good that the consumer can purchase, while the horizontal axis represents the amount of the second good they can purchase. The budget constraint is a straight line that is determined by the consumer's income and the relative prices of the two goods. The slope of this line is given by the ratio of the prices of the two goods. This slope shows the opportunity cost of buying one good in terms of the other. The opportunity cost of good 1 is the amount of good 2 that must be given up to acquire one unit of good 1. Thus, the opportunity cost of good 1 is equal to the slope of the budget constraint. If the price of good 1 is higher, the slope of the budget constraint will be steeper and vice versa.
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Which of the 4 P's focuses on communicating the value proposition?
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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1. Is Hydro's reporting following appropriate financial reporting standards associated with accounting for variable interest entities? Please explain why?
2. If not, please explain why current reporting procedures are inappropriate.
Hydro Corporation needs to build a new production facility. Because it already had a relatively high debt ratio, the company decided to establish a joint venture with Rich Corner Bank. This arrangement permitted the joint venture to borrow $30 million for 20 years on a fixed-interest-rate basis at a rate nearly 2 percent less than Hydro would have paid if it had borrowed the money. Rich Corner Bank purchased 100% of the joint venture's equity for $200,000, and Hydro provided a guarantee of the debt of the bondholders and a guarantee to Rich Corner Bank that it would earn a 20% annual return on its investment.
Yes, Hydro's reporting follows appropriate financial reporting standards associated with accounting for variable interest entities.
A variable interest entity (VIE) is defined as a business entity in which the equity investors have insufficient capital, inadequate equity, or both, to finance the entity's activities without the aid of subordinated financial support. In such cases, one party is the principal beneficiary of the VIE and must report the VIE's assets, liabilities, revenues, and expenses in its consolidated financial statements, according to the Generally Accepted Accounting Principles (GAAP) in the United States, ASC 810.
Hydro Corporation established a joint venture with Rich Corner Bank, with Rich Corner Bank purchasing 100% of the equity of the joint venture for $200,000, while Hydro Corporation provided a guarantee of the debt of the bondholders and a guarantee to Rich Corner Bank that it would earn a 20% annual return on its investment.
Based on the terms of this agreement, Hydro Corporation is deemed the primary beneficiary because it retains the majority of the risks and rewards of the joint venture. As a result, Hydro Corporation is required to consolidate the joint venture's financial statements with its own in accordance with GAAP, ASC 810.
Hydro's reporting follows appropriate financial reporting standards associated with accounting for variable interest entities. Hydro Corporation's financial statements include the appropriate disclosures and consolidation of the joint venture's financial statements, as required by the GAAP, ASC 810.
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What is the biggest threat to infrastructure in eastern asia.
Answer:
natural disaster
Explanation:
maybe this is right
which product exists in a monopolistically competitive market?
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
a) A man has $4.55 in change composed entirely of dimes and quarters. What are the maximum and minimum number of coins that he can have? Is it possible for the number of dimes to equal the number of quarters? (b) The neighborhood theater charges $1.80 for adult admissions and $.75 for children. On a particular evening the total receipts were $90. Assuming that more adults than children were present, how many people attended? (c) A certain number of sixes and nines is added to give a sum of 126; if the number of sixes and nines is interchanged, the new sum is 114. How many of each were there originally?
The man has a minimum of 14 coins and a maximum of 50 coins. It is not possible for the number of dimes to equal the number of quarters.
Let's assume the number of adult admissions is x and children's admissions is y. Therefore, the number of adults was greater than the number of children, and the total receipt was $90. Also, the theater charges $1.80 for adult admissions and $.75 for children.
Now, as per the given data, we can form two equations:
x + y = the total number of people (equation 1)$
1.80x + $0.75y = $90 (equation 2)
To solve these equations, we can multiply equation 1 with 1.80 and subtract it from equation 2.
Let's solve the equation:
(1.80x + 1.80y) - (1.80x + 0.75y) = 90 - (1.80 × total number of people)y = 3.6(total number of people - 50)
As the number of adults is greater than children,
the value of x is greater than y.
Also, the number of attendees cannot be a fraction, so we can try different values of y to find a suitable value that satisfies both the above conditions.
By substituting the value of y in equation 1, we can calculate the value of x.
Let's try different values of y:
y = 1, then x = 89y = 2, then x = 88y = 3, then x = 87y = 4, then x = 86
From the above calculations,
it is evident that y = 4, and x = 86 satisfy both conditions.
Hence, 86 adults and 4 children attended the show.
c)There were 45 sixes and 81 nines originally.
The steps to solve this problem are as follows:
Let the number of sixes is x and the number of nines be y.
Therefore, x + y = 126 (equation 1)6x + 9y = 1260 (equation 2)Dividing equation 2 by 3,
we get,2x + 3y = 420 (equation 3)Multiplying equation 1 by 2 and subtracting it from equation 3, we get:
y = 54Substituting the value of y in equation 1,
we get:
x + 54 = 126
Therefore, x = 72
Hence, there were 72 sixes and 54 nines originally.
If the number of sixes and nines is interchanged, the new sum is 114. Therefore, the number of sixes and nines interchanged were 54 and 72, respectively.
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projects should align with the organization's overall strategy in order to
Projects should align with the organization's overall strategy in order to ensure effective utilization of resources, achieve desired outcomes, and contribute to the organization's long-term success. When projects are aligned with the organization's overall strategy, several benefits can be observed:
Consistency: Project alignment helps maintain consistency between the organization's goals and the specific initiatives being undertaken. It ensures that projects are focused on the right priorities and objectives, minimizing the risk of working on irrelevant or conflicting activities.Resource Optimization: By aligning projects with the organization's strategy, resources such as time, budget, and manpower can be allocated more efficiently. Projects that directly contribute to the strategic objectives are given priority, allowing for optimal utilization of limited resources.Clear Direction: Aligning projects with the organization's strategy provides a clear direction to project teams and stakeholders. It establishes a common understanding of the purpose and expected outcomes, enabling better decision-making and coordination throughout the project lifecycle.Stakeholder Engagement: When projects are aligned with the organization's strategy, it becomes easier to engage and involve key stakeholders. They can see the relevance and value of the projects, which enhances their willingness to support and actively participate in project activities.Risk Mitigation: Strategic alignment helps identify and mitigate risks more effectively. By considering the organization's overall goals and priorities, potential risks can be assessed in relation to their impact on strategic objectives, and appropriate mitigation strategies can be developed.Performance Evaluation: When projects align with the organization's strategy, it becomes easier to evaluate their performance and measure their success. Key performance indicators (KPIs) can be defined based on strategic goals, allowing for more accurate monitoring and assessment of project outcomes.Adaptability and Agility: Aligning projects with the organization's strategy promotes adaptability and agility in project management. When strategic goals change or new priorities emerge, projects can be adjusted or realigned accordingly to ensure continued alignment and relevance.In summary, aligning projects with the organization's overall strategy is crucial for maximizing resource utilization, achieving desired outcomes, and driving long-term success.
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In organizational communication, includes coding and decoding problems and errors, perceptual filters, and any other distractions that damage the integrity of the communication channel. feedback overload noise ambiguity It is more important to create an organization with a vision than to have a charismatic chief executive with a personal vision. True False According to John Kotter, effective visions are focused enough to guide decision- making yet are flexible enough to accommodate individual initiative and changing circumstances. True False Core values are durable guiding principles. True False is thinking about how others are likely to think and feel about a change. Regression Internal therapy O Desiccation Perspective taking
The terms provided in the first part of your statement are related to communication barriers and challenges. They are as follows:
- Coding and decoding problems and errors: Refers to issues that occur during the encoding and decoding process of communication, such as language barriers, misinterpretation of messages, or technical glitches.
- Perceptual filters: Refers to individual differences in perception that can affect how a message is understood and interpreted. These filters include personal beliefs, values, attitudes, and past experiences.
- Noise: Refers to any interference or disturbance that disrupts the communication process. It can be physical noise (e.g., loud background sounds), psychological noise (e.g., distractions or preoccupation), or semantic noise (e.g., language barriers or jargon).
- Ambiguity: Refers to situations where the meaning of a message is unclear or open to different interpretations. It can arise from vague language, lack of context, or incomplete information.
Regarding the second part of your statement:
- "It is more important to create an organization with a vision than to have a charismatic chief executive with a personal vision." This statement is subjective and can vary depending on perspectives and contexts. However, it is generally argued that having a strong organizational vision is crucial for long-term success and alignment within the organization. While a charismatic chief executive can inspire and motivate, an organizational vision provides a shared sense of direction, purpose, and strategic focus that goes beyond individual leaders.
According to John Kotter, a renowned management expert, effective visions should indeed be focused enough to guide decision-making and provide clarity, but they should also be flexible enough to accommodate individual initiative and adapt to changing circumstances. This flexibility allows for innovation, creativity, and responsiveness in the face of evolving environments.
Lastly, core values are indeed durable guiding principles that reflect the fundamental beliefs and ethics of an organization. They serve as a moral compass and provide a framework for decision-making, behavior, and organizational culture.
Therefore, the answers to the statement questions are as follows:
- False: It is subjective and can vary depending on perspectives and contexts.
- True: According to John Kotter, effective visions should possess these characteristics.
- True: Core values are indeed durable guiding principles.
Please note that these answers are based on general knowledge and understanding, and different opinions or interpretations may exist in the field of organizational communication and management.
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All of the following are important to consider when deciding if a vocational
school is right for you except
A. the lack of general education,
B. how new the school buildings are.
C. the duration of the program.
O D. the range of career options.
Answer:
b.
Explanation:
just took the test
Luis makes $23. 10 per hour at his job for the first 40 hours he works each week. If he works more than 40 hours, then Luis makes $34. 65 per hour. If Luis works 46 hours in one week, how much does he earn? a. $1,062. 60 b. $1,097. 25 c. $1,131. 90 d. $1,593. 90.
The correct statement will be that Luis earns $1131.90 in each week if he works for more than 46 hours at the standard rates of the salary. So, the correct option is C.
The amount can be calculated by the summation of the first 40 hours at the normal rate of salary and the next 6 hours at the increased rate of salary as given in the example above.
Hourly pay is the rate of salary where the salary is not determined upon the work done in number of hours and does not get determined on the performance during such hours of service.We can calculate the rate of salary as using the calculations below,\(\rm Salary\ for\ First\ 40\ Hours= 40\ x\ \$23.10\\\\\\\rm Salary\ for\ First\ 40\ Hours=\$924\)Now calculating the salary for the additional 6 hours worked at the newer rate as below using the similar formula,\(\rm Salary\ for\ First\ 40\ Hours=6\ x\ \$34.65\\\\\\\rm Salary\ for\ First\ 40\ Hours= \$207.90\)We have the values of salaries of both such hours. Now doing the summation of both the salaries we get,\(\rm Total\ Salary= \rm Salary\ for\ First\ 40\ Hours+\rm Salary\ for\ 6\ Hours\\\\\\\rm Total\ Salary= \$924+ \$207.90\\\\\\\rm Total\ Salary= \$1131.90\)It is obtained that Luis earned $1131.90 for the week at the different rates of hourly pays as provided.Hence, the correct option is C that Luis has earned $1131.90 by working 46 hours in a week.
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Which form tells you how much you were paid by a company of which you are NOT an employee and often contains income that did NOT have taxes withheld?
(WILL GIVE 29 Points & Brainlest) PLEASE HELP!!!!!!!! ):
Why is it important to develop an idea of your potential career cluster now?
Answer:
Career Clusters have the knowledge and skills that learners need as they follow a pathway toward their career goals.
Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inputs in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be
The price of wheat per ton must be $4 when profit-maximizing combination is employed.
What is Price?This is defined as the amount of money that has to be paid to acquire a given product.
To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.
$8 / $2 = $4.
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Interrelationships between micro, market and macro environment
The immediate setting in which a business functions is known as the micro environment. The term "macro environment" refers to the overall setting that may have an impact on how well all commercial companies operate. Competition, Organization as a Whole, Suppliers, Market, Intermediaries, and Customers (COSMIC).
The three environments interact with one another.
Through its strategies, the micro environment affects the market environment. The market environment, such as price cuts by competitors or changes in customer behavior, in turn, has an impact on the micro environment.
Through the market environment, such as the impact of taxation or a recession on consumer spending, the macro environment indirectly influences company.
Through interest rates on loans or regulations, the macroenvironment indirectly has an impact on the business.
Thus, Each environment's elements are interconnected.
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Given that nw=1.33nw=1.33 and na=1.00na=1.00 , by what percent do objects underwater appear closer than they actually are?
Objects underwater appear approximately 33% closer than they actually are due to the difference in refractive indices between water and air.
The refractive index of water (nw) is 1.33, while the refractive index of air (na) is 1.00. When light passes from water to air, it undergoes refraction, causing a change in its direction. This change in direction makes objects underwater appear closer than they actually are when viewed from the air. The degree of this apparent displacement can be estimated by comparing the refractive indices, and in this case, it results in objects underwater appearing approximately 33% closer than their actual distance. This phenomenon is commonly observed when looking at objects underwater, such as fish or submerged structures.
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Which of the following describes how the U.S. government protects and supports farmers and ranchers?
through establishing and maintaining food standards
through programs that provide direct payments
through allowing agribusiness companies to create oligopolies
through strict measures of qualis for commodities
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Answer:
through allowing agribusiness companies to create oligopolies
Explanation:
Answer:
through programs that provide direct payments
Explanation:
The United States government gives free money to farmers and ranchers through a government subsidiary.
which term, as it relates to the internet, means to act in a unthinking, unsafe, or disrespectful manner online?
Answer:
Irresponsible behavior .
Explanation:
Answer:
agreed with the other person who answered that the answer is irresponsible behavior
Explanation:
Irresponsible behavior on unsecure websites are risky.
Hope this helps! (11/30/22)
Imagine that you were responsible for maintaining a company’s website. What kind of recurring tasks might you create in Outlook to help you do your job?
Any task that will take place repeatedly throughout the course of your project can gain from being set as a recurring activity. Several instances include: Meetings may be held weekly, bimonthly, monthly, or quarterly. Reports are issued weekly, bimonthly, monthly, or quarterly.
There are some jobs that come up again throughout any project or personal endeavor. They typically occur on a regular basis and need to be finished before they do so once more. These items are known as recurring tasks, and most task management programs allow you to set them up to repeat themselves automatically. Setting up a task to repeat itself repeatedly on a regular basis is a typical practice.
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Find a recent new article relating to the use/misuse of inventory/assets within a business/organization that sells inventory.
Summarize the event by writing a report on your findings. Keep in mind what is considered to be good corporate governance, ethical behavior and internal auditing and control
Stock to sales is a performance ratio this is used to decide the rate at which the corporation is liquidating its inventory. but honestly, the inventory to sales ratio measures the amount of inventory the company is wearing compared to the quantity of income that is being made.
The principle feature of inventory is to provide operations with ongoing delivery of substances. To gain this function efficiently, your enterprise needs to try to discover a candy spot between an excessive amount and too little, without ever walking out of stock.
The 3 maximum commonly used stocks are uncooked substances, work in development (WIP) inventory, and finished items. inventory refers to all the products, items, and materials bought or manufactured by means of a commercial enterprise for selling to the customer to make an income.
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A jewelry store makes necklaces and bracelets from gold and platinum. The store has 18 ounces of gold and 20 ounces of platinum. Each necklace requires 3 ounces of gold and 2 ounces of platinum, whereas each bracelet requires 2 ounces of gold and 4 ounces of platinum. The demand for bracelets is no more than four. A necklace earns $300 in profit and a bracelet, $400. The store wants to determine the number of necklaces and bracelets to make in order to maximize profit.
a) Formulate a linear programming model for this problem. b) Graph the constraints and identify the feasible region. c) Determine the optimal solution and the maximum profit (show your calculations) and include "a managerial statement" that communicates the results of the analyses (i.e. describe verbally the results). d) Determine the amount of slack for all constraints. e) The maximum demand for bracelets is 4. If the store produces the optimal number of bracelets and necklaces, will the maximum demand for bracelets be met? If not how much will it be missed? f) Explain the effect on the optimal solution of increasing the profit on a bracelet from $400 to $600. What would be the new solution? (2 points)
These things would require 310 hours of effort, yet 10 hours would go to waste because 125 ounces of gold would be consumed simultaneously.
The top income is "$32,300." The further justification is detailed below. Explanation: (a) The following seems to best capture the make-up and behavior of the 6 rows of models: max 1650B + max 850N + max 790P (B bracelets, N necklaces and P pins produce overall revenue) Obviously, yes The total weight of gold will be: ⇒ The number of hours worked will be: ⇒ B, N, and P will become. For LINDO, the answer is: B=10.0. N=0, P=20, The final value of maximization is: = 32,300, (b) These things would require 310 hours of effort, yet 10 hours would go to waste because 125 ounces of gold would be consumed simultaneously. The shop should always produce 10 bracelets, very few necklaces, and 20 p.
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How do I record on windows computer
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.
1. Calculate the weighted average contribution margin per unit. ($40)
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
3. Calculate how many units of each product line the company must sell in order to breakeven.
4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.
6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
I need help especially on the 2nd question.
Answer: See explanation
Explanation:
1. Calculate the weighted average contribution margin per unit.
The weighted average contribution margin per unit will be:
= Contribution margin per unit × Sales mix ratio.
= ($20 × 60%) + ($70 × 40%)
= ($20 × 0.6) + ($70 × 0.4)
= $12 + $28
= $40
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
This will be:
= Fixed cost / Weighted average
= $40000 / $40
= 1000 units
3. Calculate how many units of each product line the company must sell in order to breakeven.
Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units
Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units
The balance sheet of Cranium Gaming reports total assets of $350,000 and $650,000 at the beginning and end of the year espectively. Sales revenues are $1.60 million, net income is $60,000, and operating cash flows are $52.500 Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming.
The cash return on assets for Cranium Gaming is 10.5%, the cash flow to sales is 3.28%, and the asset turnover is 3.2.
The cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming can be calculated as follows:
Cash Return on Assets (CRA) = Operating cash flows / Average total assets = $52,500 / (($350,000 + $650,000) / 2)) = $52,500 / $500,000 = 0.105 or 10.5%.
Cash Flow to Sales (CFS) = Operating cash flows / Sales revenues = $52,500 / $1.60 million = 0.0328 or 3.28%.
Asset Turnover (AT) = Sales revenues / Average total assets = $1.60 million / (($350,000 + $650,000) / 2)) = $1.60 million / $500,000 = 3.2 or 3.2 times.
Therefore, the cash return on assets for Cranium Gaming is 10.5%, the cash flow to sales is 3.28%, and the asset turnover is 3.2.
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If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?
Answer:
decision making role
Explanation:
Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:
Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.c. Analyse why trade unions are likely to welcome an increase in the money supply. (6)
Answer:
Prolonged inflation educates trade-union leaders to bargain in real terms by allowing for expected price movements, so that incomes rapidly adjust to, or even anticipate, changes in the price level.
I am not sure about this answer.
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. Trade unions respond by increasing their orders for raw materials and increasing production.
What is Trade Union?A trade union commonly referred to as a union, is a group of employees who are dedicated to "maintaining or improving the conditions of their employment," such as obtaining better wages and benefits, improving working conditions, raising safety standards, establishing complaint procedures, and creating rules governing employees' status (rules governing promotions, just-cause conditions for termination, etc.).
They also work to protect the integrity of their trade by increasing bargaining power.
The trade union negotiates labor contracts (also known as collective bargaining agreements) with employers on behalf of its members, known as the rank-and-file, through an elected leadership and negotiating committee.
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How is the focus group discussion (POD) used as a method of generating ideas?
Answer:
In a focus group, a moderator leads a group of people through an open, in-depth discussion rather than simply asking questions to solicit participant response. For a new product area, the moderator focuses the group discussion in either a directive or a nondirective manner.