When a manager seeks to achieve personal departmental objectives that may work to the detriment of the overall firm, the manager is experiencing a conflict of interest.
This occurs when individual goals or objectives conflict with the broader goals of the organization, potentially tainting the company's comprehensive conduct and success.
It is important for managers to balance their departmental goals with the overall goals of the organization to ensure the long-term success and sustainability of the firm. Focusing solely on personal departmental objectives can lead to short-term gains but ultimately harm the company's performance and reputation.
Therefore, managers should prioritize the interests of the firm and align their departmental objectives with the organization's overall goals.
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Oriole Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $24500 Note receivable collected by bank 13000 Outstanding checks 13400 Deposits in transit 6600 Bank service charge 240 NSF check 2440 Determine the cash balance per books (before adjustments) for Oriole Company. $7380. $7780. $17700. $202
Cash balance per books (before adjustments): $27,620 the answer is $27,620.
To determine the cash balance per books (before adjustments) for Oriole Company, we need to start with the cash balance per bank and adjust for items that are either added or subtracted to arrive at the cash balance per books.
Starting cash balance per bank, 9/30: $24,500
Add: Note receivable collected by bank: $13,000
Add: Deposits in transit: $6,600
Less: Outstanding checks: $13,400
Less: Bank service charge: $240
Less: NSF check: $2,440
A bank reconciliation is a process of matching and comparing the cash balance recorded in a company's accounting records to the cash balance shown on the bank statement. This process is necessary because there can be timing differences between when transactions are recorded in a company's books and when they are processed by the bank, which can lead to discrepancies between the two cash balances.
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A factory is considered what type of resource?
land
labor
physical capital
human capital
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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The additional satisfaction received from consuming an additional unit of a good is called the.
The additional satisfaction received from consuming an additional unit of a good is called Marginal utility.
Marginal utility is the additional satisfaction a consumer receives for having one more unit of a good or service. The concept of marginal utility is used by economists to determine whether consumers are willing to buy a product.
Marginal utility is the pleasure the consumer obtains for each additional unit of consumption. Calculate utility beyond the product originally consumed. If he buys one bottle of water and then buys a second bottle of water, the utility he gets from the second bottle of water is the marginal utility.
In economics, this law helps consumers understand how a single good can achieve equilibrium. In most cases, the consumer can use the product until the marginal utility equals the market price, maximizing consumer satisfaction.
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. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application.
Answer:
Easy & difficult part of online job application, things mentioned.
Explanation:
Part of online job application easiest to complete - Time & Place Flexibility, Less scope of inaccuracies
Difficult section - Lack of physical interaction with the organisation can make someone lack crucial information regarding organisation's favourable & unfavourable criterias, preferences.
Work experience, special skills included in application (consecutively) - Internships with prestigous organisations, Public communication & leadership skills (consecutively)
Sellers must cover _____ costs, but a market does not require them to cover _____ costs.
Sellers must cover variable costs, but a market does not require them to cover fixed costs. sellers must cover variable costs as they are directly related to production and sales. However, a market does not require sellers to cover fixed costs, as these expenses remain constant regardless of their level of business activity.
In economics, variable costs refer to expenses that change with the level of production or sales. These costs include items like raw materials, labor wages, and direct production costs. Sellers are responsible for covering these costs in order to produce and sell their products or services. Variable costs are directly related to the quantity of goods or services produced, so as production increases, variable costs also increase.
On the other hand, fixed costs are expenses that remain constant regardless of the level of production or sales. Examples of fixed costs include rent, insurance, salaries of management staff, and depreciation of equipment. Unlike variable costs, sellers are not obligated to cover fixed costs in a market. These costs are incurred regardless of whether the seller produces and sells any goods or services. Therefore, in a market, sellers have the flexibility to decide whether or not to cover fixed costs, depending on their business strategy and financial situation.
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Consider Emily's balance statement:
Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?
A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
Answer:
Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.
Explanation:
Changes in inventories are included as part of investment spending because anything produced by a business that has.
How can the concept of opportunity cost affect your decisions when making financial plans?
Answer:
Opportunity cost is the potential benefit or gain that must be given up in order to pursue a certain action or decision. In the context of financial planning, opportunity cost can play a significant role in determining the best course of action.
When making financial plans, individuals must consider the opportunity cost of each decision they make. For example, if someone decides to invest their money in a particular stock, they must consider the opportunity cost of not investing in a different stock or asset that may have a higher potential return. Similarly, if someone decides to save money by cutting back on their spending, they must consider the opportunity cost of not being able to enjoy the things they are giving up.
Opportunity cost can also affect decisions related to debt and credit. For example, if an individual takes out a loan with a low interest rate, they must consider the opportunity cost of not being able to invest or save that money for other financial goals, such as retirement or buying a house.
Opportunity cost can also affect decisions related to time and effort, such as taking a higher paying job that requires more time and effort, or starting a business which is time-consuming and risky but can have high potential returns.
T/F? Darby, inc. has 25,000 shares of stock issued and outstanding. all the shares of stock have the same rights and characteristics; therefore, the stock is called stock.
The given statement "Darby, Inc. has 25,000 shares of stock issued and outstanding, and all of these shares have the same rights and characteristics" is true because this means that each share represents an equal ownership stake in the company and carries the same voting rights, dividend entitlements, and other privileges.
Because the stock is uniform in nature, it is classified as common stock. Common stock is the most common type of stock issued by companies, and it represents ownership in the company. When a company issues stock, it raises capital by selling ownership shares to investors. In return for their investment, investors receive shares of stock that give them certain rights and privileges.
Common stockholders have the right to vote on important corporate decisions, such as the election of directors and the approval of major business initiatives. They also receive dividends when the company earns a profit and decides to distribute some of that profit to shareholders. Overall, common stock is an important way for companies to raise capital and for investors to participate in the growth and success of a business.
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What are B2C and B2B sales?
B2C and B2B sales refers to business-to-consumer and business-to-business sales respectively.
What is business-to-consumer sales?Business-to-consumer (B2C) companies having consumers as their end-users increasingly came to be known by this phrase when it gained popularity in the 1990s.
This contrasts with business-to-business (B2B) firms, or those whose main customers are other businesses. B2C businesses conduct their business online and offer goods to clients. Several B2C corporations include Amazon.
B2C, or business-to-consumer, is a retail model where things are delivered directly to the customer who has made a personal purchase of the goods or service.
Business-to-business sales are referred to as B2B sales. It describes enterprises or salespeople who engage in direct business-to-business (B2B) sales of goods and services.
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If the present value annuity factor is 3.8896, what is the present value annuity factor for an equivalent annuity due if the interest rate is 9 percent?
The equivalent present value annuity due factor for a present value annuity factor of 3.8896 and an interest rate of 9% is 4.3517.
To find the equivalent present value annuity due factor for a given present value annuity factor and interest rate, follow these steps:
Convert the interest rate from a percentage to a decimal: 9% = 0.09
Divide the present value annuity factor by (1 + r):
PVAD = PVOA / (1 + r) = 3.8896 / (1 + 0.09) = 3.8896 / 1.09
Round the result to the desired number of decimal places:
PVAD = 3.5654 (rounded to 4 decimal places)
So, the equivalent present value annuity due factor for a present value annuity factor of 3.8896 and an interest rate of 9% is 4.3517.
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What is the length of the cash conversion cycle for a firm with $3 million in inventory, $1.5 million in accounts payable, a collection period of 40 days, and an annual cost of goods sold of $18 million
The length of the cash conversion cycle for a firm with $3 million in inventory is 70.41 days.
How to calculate the days?Days of inventory outstanding= 365/ Inventory turnover
Formula for calculating inventory turnover:
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $18 million / $3 million
= 6
Days of inventory outstanding= 365/ 6 = 60.83 days
Days of payable outstanding= 365/ Payables turnover
Payables turnover = Cost of Goods Sold/ Average Payables
= $18 million / $1.5
= 12
Days of payable outstanding= 365/ 12
= 30.42 days
Cash conversion cycle= Days of inventory outstanding + Days of sales outstanding – Days of payables outstanding
= 60.83 days + 40 days - 30.42 days
= 70.41 days.
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HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
Porter’s Five Forces Framework suggests which of the following?
a. Firms can gain competitive advantage leveraging their strengths regardless of environmental factors.
b. Changes in suppliers’ technologies can alter the competitive environment within the focal industry.
c. The entrepreneurial abilities of managers are a central requirement for competing successfully in an industry.
d. Complementary products are most likely to rise in importance as substitutes to existing technologies.
e. Switching costs are lower for suppliers than for buyers.
Porter’s Five Forces Framework suggests that changes in suppliers’ technologies can alter the competitive environment within the focal industry.
Porter's Five Forces Framework suggests that option b, "Changes in suppliers’ technologies can alter the competitive environment within the focal industry," is the most accurate statement. This framework focuses on analyzing the competitive forces within an industry, and the role of suppliers is one of the key forces that can impact the competitive landscape.
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis is frequently used to identify an industry's structure to determine corporate strategy.
Porter's model can be applied to any segment of the economy to understand the level of competition within the industry and enhance a company's long-term profitability. The Five Forces model is named after Harvard Business School professor, Michael E. Porter.
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The correct answer is b. Changes in suppliers' technologies can alter the competitive environment within the focal industry.
Porter's Five Forces framework is a tool used to analyze the competitive environment within an industry. The five forces include the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products, and intensity of competitive rivalry. Option b is most relevant to the framework, as it emphasizes the influence of suppliers' technologies on the industry's competitive environment.
The threat of new competitors, Buyer, and Supplier bargaining power, Threat of New Substitutes, and Competitive Rivalry is Porter's Five Forces. This framework offers the information necessary to make strategic decisions and aids strategists in understanding what makes an industry profitable. Managers and analysts can better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.
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Each of these is a key topic to consider when researching a potential employer. company products or services, company customers, company's community service, company/industry news Select all that apply
Company/Industry news is a key topic to consider when researching a potential employer. The correct option is D.
Pay close attention to the company's principles and mission as stated on the website while you conduct research on the employer. Additionally, by keeping up with the company on its social media channels, you can discover more about the corporate culture.
What do you mean by the employer?An employer is a person or a company who hires one or more individuals, especially for pay or salary: a fair employer. a thing or person that uses something else or occupies something else: a poor-time employer.
Employer research can assist you in making more educated decisions and determining your fit with a job, sector, and/or organization, whether you are considering experiential learning, starting a job search campaign, or getting ready for interviews.
Thus, the correct option is D.
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an invester buys 100000, 10% corporate bond maturing in 2030 for 125000. the bond is callable starting in the year 2020. what is the most appropriate measure for calculating yield?
Answer:
C. Yield to Call
Explanation:
As the investor pays $125,000 for 10% having a face value of $100,000 so it seems that there is a premium of 25% in the bond. Now in the case when the bond is called before to the maturity that occurs when the market rate is less than the coupon rate. Also the same is shown in the question
So for determining the yield, the best way measure and appropriate is yield to call
Did the entrepreneur(s) get a deal from at least one Shark?
Answer:
One entrepreneur struck an agreement on-air with a shark that never materialized, and another struck a bargain that the shark later backed out of.
Explanation:
How does competition affect international trade?
Greater worldwide market share would be guaranteed by the countries' increased competitiveness, improving their trade balance. As a result, customers would have access to a wide range of commodities at inexpensive prices because of competition in global commerce.
A corporation obtains access to new clients when it becomes more competitive in the global market. This is due to the fact that the business can now provide its goods and services at a cheaper cost than those of its rivals. This enables the business to reach new markets and increase its clientele.
Through commerce, nations may obtain commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global commerce. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the customer.
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Which of these is a transferable skill?
a.
computer coding
b.
expertise in baking bread
c.
knowledge about wines
d.
time-management skills
A person’s cash outflow includes
A) liquid assets a person has accumulated.
B) money spent by a company to pay a person’s salary.
C) payments by a person to a retirement account.
D) the difference between the asking price of two houses for sale in the same neighborhood.
Answer:
B. money spent by a company to pay a person's salary
The SmartArt icon will allow you to include which of the following on a slide?
I think the answer is Graphs, I hope this helps
A manufacturer has a production facility that requires 18,926 units of component JY 21 per year. Following a long-term contract, the manufacturer purchases component JY 21 from a supplier with a lead time of 15 days. The unit purchase cost is $25.2 per unit. The cost to place and process an order from the supplier is $175 per order. The unit inventory carrying cost per year is 19.2 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 2,265 units per order, what is the length of inventory cycle in days? Use at least 4 decimal places.
The total annual inventory and purchase cost is $554,919.6000.
To calculate the total annual inventory and purchase cost, we need to consider both the inventory carrying cost and the purchase cost. The inventory carrying cost is determined by multiplying the unit purchase cost by the carrying cost percentage and the average inventory level. The average inventory level can be calculated by dividing the order quantity by 2.
Let's calculate the annual inventory carrying cost first: Carrying Cost per Unit = Unit Purchase Cost * Carrying Cost Percentage = $23.4 * 0.114 = $2.6636 Average Inventory Level = Order Quantity / 2 = 1460 / 2 = 730 Annual Inventory Carrying Cost = Carrying Cost per Unit * Average Inventory Level * Number of Orders per Year = $2.6636 * 730 * (14212 / 1460) = $186,772.9567
Next, we calculate the annual purchase cost: Annual Purchase Cost = Unit Purchase Cost * Number of Units Purchased per Year = $23.4 * 14212 = $332,146.8000
Finally, we add the annual inventory carrying cost and the annual purchase cost to get the total annual inventory and purchase cost: Total Annual Inventory and Purchase Cost = Annual Inventory Carrying Cost + Annual Purchase Cost = $186,772.9567 + $332,146.8000 = $554,919.7567
Rounding to four decimal places, the total annual inventory and purchase cost is $554,919.6000.
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Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Logo and website design are
examples of start-up costs.
True: Logo and website design are examples of start-up costs. Operating costs include payroll. Building improvements should be calculated into start-up costs.
According to the video, what tasks do Electrical Power-Line Installers and Repairers commonly perform?
Check all that apply.
repairing engines of service vehicles
clearing snow off of roads
arranging wires that carry electrical current
putting up towers and other equipment
digging holes and setting poles for power lines
digging tunnels
Answer:
3,4,5
Explanation:
got it right
Answer:
345
Explanation:
Which statement is a consequence of objectivism? Group of answer choices Moral rules apply in all cases, without exceptions. Whether an action is objectively right depends on its consequences. If two people have a moral disagreement, only one of them can be right. Everyone has the same beliefs about morality.
Answer:
B. Whether an action is objectively right depends on its consequences
Explanation:
Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.
This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.
Problem 8-23 Bank loan to take cash discount [LO8-1, 8-2] The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered and has been taking 50 days to pay its bills. Ms. Duke, Reynolds Corporation's vice president, has suggested that the company begin to take the discounts offered. Duke proposes that the company borrow from its bank at a stated rate of 17 percent. The bank requires a 12 percent compensating balance on these loans. Current account balances would not be available to meet any of this compensating balance requirement. a. Calculate the cost of not taking a cash discount. (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of not taking a cash discount b. What is the effective rate of interest on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Effective rate of interest
Cost of not taking a cash discount If Reynolds Corporation does not take the cash discount offered by its suppliers and takes 50 days to pay its bills, it will have to pay an additional amount to its suppliers.
The cost of not taking a cash discount can be calculated using the following formula:
Cost of not taking a cash discount = (Discount % / (100 - Discount %)) x (360 / (Pay period - Discount period))
Cost of not taking a cash discount = (2 / (100 - 2)) x (360 / (50 - 19)) = 37.06%
Therefore, the cost of not taking a cash discount is 37.06%.b) Effective rate of interest on the bank loan
The effective rate of interest is the actual interest rate that is being paid after taking into consideration the effects of compounding. It can be calculated using the following formula:
Effective rate of interest = (1 + Stated rate / m) ^ m - 1
Effective rate of interest = (1 + 17% / 1) ^ 1 - 1 = 17%
However, the bank requires a 12% compensating balance on these loans, which means that the company would have to deposit 12% of the loan amount in the bank as a compensating balance.
Therefore, the effective rate of interest would be higher. The effective rate of interest can be calculated using the following formula:
Effective rate of interest = (Interest paid / Net proceeds of loan) x (360 / n)
Interest paid = Stated rate x Loan amount
Net proceeds of loan = Loan amount - Compensating balanceLoan amount = Amount borrowed / (1 - Compensating balance %)n = Loan period in days / 360
Effective rate of interest = (17% x Amount borrowed / (1 - 12%)) / (Amount borrowed - (12% x Amount borrowed / (1 - 12%))) x (360 / (50 - 19))
Effective rate of interest = 22.95%
Therefore, the effective rate of interest on the bank loan is 22.95%.
Hence, we have calculated the cost of not taking a cash discount and the effective rate of interest on the bank loan. The cost of not taking a cash discount is 37.06% and the effective rate of interest on the bank loan is 22.95%.
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You will summarize a theory of the economist chosen, briefly explain the contribution to the study of economics they are making or made and the impact to ...
According to Adam Smith's laissez faire theory, the government should intervene as little as possible. His book Wealth of Nations advocates for labour division and free market theory. This implies that government intervention will annihilate human rights.
When there is no intervention, private rights function optimally, allowing businesses to operate. Labour division and production efficiency Adam Smith's government does not guarantee allocative efficiency. Conclusion The theory of laisse faire serves as the foundation for market functions.
Smith refuses to explain wealth and power distribution in terms of God's will, instead relying on natural, political, social, economic, and technological factors, as well as their interactions. Among other things, the work introduced Smith's concept of absolute advantage.
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how does lever simplify the work? explain.
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
QUESTION 5 of 10: Last year, your store's total revenue was $272,000. The store's total discounts were $3,505 and returns totaled $1,459.
What were your store's net sales?
a) $209,844
b) $254,984
c) $267,036
d) $289,890
Answer:
c) $267,036
Explanation:
Net sales will the total revenue minus discounts minus the sales returns.
I.e Net sales = Revenue - discounts -returns
=$272,000- $3,505 - $1,459.
=$267,036