The agent withheld $500 on the sale without informing the principal and only remitted $4,500 instead of the full amount of $5,000. The duty that had been violated in the scenario is the duty to account.
The duty to account refers to the responsibility of an agent to provide a clear and accurate account of all financial transactions and funds received on behalf of the principal.
In this scenario, the agent withheld $500 on the sale without informing the principal and only remitted $4,500 instead of the full amount of $5,000. The agent failed to fulfill their duty to account by not providing a transparent and accurate account of the financial transaction.
The duty to account is essential in maintaining trust and ensuring that agents act in the best interests of the principal. Agents are expected to accurately report and disclose all financial activities, including the collection and distribution of funds.
By withholding a portion of the sale without informing the principal, the agent breached their duty to account and acted in a manner that is inconsistent with their fiduciary responsibilities. This violation undermines the trust and transparency in the agent-principal relationship and highlights the importance of fulfilling the duty to account in business transactions.
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On its annual income statement, Star Laboratories reported research and development expense of $1,564,200,000 Which of the following statements must be true? A) Star Laboratories spent $1,564,200,000 in cash to develop new products and improve old products. B) Research and development expense reduced Star Laboratories annual net income by $1,564,200.000 C) Star Laboratories capitalized at least $1,564,200,000 of research and development costs in for D) The 1,564 200,000 included amortized research and development costs from prior years that were not previously expensed, because Star Laboratories incurs such expenses each year E) None of these are correct
According to the question given, on its annual income statement, Star Laboratories reported research and development expenses of $1,564,200,000. The statement that must be true is option B) Research and development expense reduced Star Laboratories' annual net income by $1,564,200.000.
Research and development expenses reduced Star Laboratories' annual net income by $1,564,200.000. This is because Research and development (R&D) expenses refer to expenses incurred to research and develop new products and improve existing products. R&D costs can be significant and may reduce a company's profits for the year in which they were incurred. It is an expense that firms deduct from their gross income to calculate net income. R&D expense includes expenses such as salaries, laboratory equipment, and material expenses.
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Why is it good to be organized?
Answer:
its good to be organized to feel like you have your life together. it makes it easier to find things and makes you feel less stressed and anxious when the area youre in is organized and clean
Because when you are organized things are easier, you have an organized sleep schedule and your school things and papers are organized so it's easier to know where everything is. Also when you are organized you'll notice some things would run smoother than it would when you aren't organized. But you have to want to be organized.
Topic: Consolidated worksheet, consolidated financial statements. Task Details: Consolidation worksheet entries, consolidated financial statements. Jonathan Ltd acquired all the issued shares (ex-div.) of Thomas Ltd on 1 July 2020 for $246000. At this date the equity of Thomas Ltd consisted of: At the acquisition date all the identifiable assets and liabilities of Thomas Ltd consisted of: The inventories were all sold by 30 June 2020. The land was sold on 1 February 2021 for $150000. The plant was considered to have a further 5-year life. The plant was sold for $155000 on 1 January 2022. Also, at acquisition date Thomas Ltd had recorded a dividend payable of $7000 and goodwill (net of accumulated impairment losses of $13000 ) of $5000. Thomas Ltd had not recorded some internally generated brands that Jonathan Lid considered to have a fair value of $12000. The brand was considered to have an indefinite life. Also, not recorded by Thomas Ltd was a contingent liability relating to a current court case in which Thomas Ltd was involved and a supplier was seeking compensation. Jonathan Ltd placed a fair value of $15000 on this liability. This court case was settled in May 2022 at which time Thomas Lid was required to pay damages of $16000. In February 2021. Thomas Ltd transferred $20000 from the general reserve on hand at 1 July 2020 to retained earnings. A further $15000 was transferred in February 2022. Both companies have an equity account entitted 'Other components of equity' to which certain gains and losses from financial assets are taken. At 1 July 2021, the balances of these accounts were $30000 (Jonathan Ltd) and $15000 (Thomas Ltd). The financial statements of the two companies on 30 June 2022 contained the following information:
The consolidated worksheet entries and adjustments for the acquisition of Thomas Ltd by Jonathan Ltd need to be made to prepare the consolidated financial statements.
To prepare consolidated financial statements, the acquisition of Thomas Ltd by Jonathan Ltd needs to be accounted for.
This involves making various adjustments and entries in the consolidation worksheet. These adjustments include eliminating the equity of Thomas Ltd, recognizing the fair value of assets and liabilities, adjusting for the sale of inventories and land, recognizing the impairment of goodwill, recording the fair value of internally generated brands, accounting for the contingent liability and subsequent settlement, and considering transfers between reserves.
These entries and adjustments ensure that the consolidated financial statements reflect the combined financial position, performance, and cash flows of both companies as if they were a single entity.
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food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.
Answer:
product
Explanation:
Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.
The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.
Products of companies often contains components which the consumer uses when evaluating alternatives.
Conclusively, The components are the market, the problem, the solution, and the product itself
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which of the following necessarily exists for a monopolistic competitor in the long run? * 1 point productive efficiency allocative efficiency loss positive economic profit excess capacity
The monopolistic competitor necessarily exists for the following in the long run Excess Capacity.
Monopolistic competition refers to a market structure in which several companies sell similar but not identical goods. A monopolistic competitive company has the freedom to raise or lower the price of its products since no other company can sell a perfect substitute for its goods.
Monopolistic competition is a type of imperfect competition that characterizes an economy.
In a monopolistic competition market structure, excess capacity means that the company is producing less than the most efficient output level. In a monopolistic competition market, firms have the ability to adjust prices but face a downward-sloping demand curve since products are differentiated.
Excess capacity is, therefore, a characteristic of monopolistic competition firms that are producing at a lower production level than they would in the ideal scenario. The firm might produce more, but the demand for its goods would be insufficient.
Hence, excess capacity arises as a result of firms in the monopolistic competition having the freedom to set prices, but they face demand curves that are downward sloping.
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3. Which of the following is the account title used to include
instances of price adjustment in case if there is a defective item.
A. Sales returns
B. Purchase discounts
C. Sales returns and allowances
Answer:
The correct answer is C. Sales returns and allowances.
Explanation:
Sales allowances are discounts that the seller of the product offers to the buyer when there is some type of failure or error in the product or service offered, that is, the buyer pays a lower price because the quality offered is also lower. In this way, there is a double advantage: on the one hand, the buyer obtains the product at a lower price saving money and, on the other hand, the seller discards a defective product without losing money.
Answer:
C. Sales returns and allowances.
Explanation:
Sales returns and allowances is a deduction from sales that shows the sale price of goods returned by customers, as well as discounts taken by them to retain defective goods.
who was the 20th president
Answer:
Of what country? Philippines or US or what??
Answer:
Kuroo Here!
Explanation:
It was James A. Garfield
Hope This Helps!! (^ '--')
Provide the name of two business competitors that manufacture and sell the same product. Be sure to name the products.
Answer:
1. Coke vs Pepsi: product include Cold Beverage
2. Nike vs Reebok: product include sporting goods
Assume the risk-free rate is 4.5 percent and the expected return on the market is 11 per cent. You anticipate Stock XYZ to sell for $28 at the end of next year and pay a dividend of $2. The stock is currently selling for $26.50 with a beta of 1.2. You currently hold stock XYZ in a well-diversified portfolio. What should you do stock XYZ?
Comparing the expected return of 13.2% to the required return of 14.4%, we can see that the stock is not expected to provide a return that meets or exceeds the required return. Therefore, holding or buying the stock may not be a wise investment decision.
The decision on whether to buy, hold, or sell stock XYZ will depend on your investment goals, risk tolerance, and expectations for the stock's future performance. However, based on the given information, a long answer to this question could involve calculating the stock's expected return and comparing it to the required return, as determined by the Capital Asset Pricing Model (CAPM).
To calculate the expected return, we can use the formula: Expected return = (Expected price + Dividend) / Current price - 1. Plugging in the given values, we get: (28 + 2) / 26.5 - 1 = 0.132 or 13.2%.
Next, we can calculate the required return using CAPM: Required return = Risk-free rate + Beta x (Market return - Risk-free rate). Plugging in the given values, we get: 4.5% + 1.2 x (11% - 4.5%) = 14.4%.
Comparing the expected return of 13.2% to the required return of 14.4%, we can see that the stock is not expected to provide a return that meets or exceeds the required return. Therefore, holding or buying the stock may not be a wise investment decision.
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Managing the risks from lone working
(a) Comment on the extent to which workers at Hapford Garage are at risk from lone working.
(20)
(b) What changes could the lead mechanics make to existing working practice to reduce the risks from lone working?
(a) Comment on the extent to which workers at Hapford Garage are at risk from lone working (20):
the Work: Evaluate the specific tasks and activities undertaken by workers when they are alone. Some tasks may carry higher risks than others, such as working with heavy machinery, hazardous substances, or in isolated areas.
2. Location and Environment: Assess the physical surroundings and potential hazards present in the workplace. Factors like poor lighting, limited access to emergency assistance, or remote locations can increase the risks associated with lone working.
3. Communication and Emergency Response: Evaluate the availability and effectiveness of communication systems for lone workers. If workers do not have a reliable means to communicate or summon help in case of emergencies, the risk level may be higher.
4. Worker Competence and Training: Consider the level of training and competence of the workers. Proper training in risk assessment, emergency procedures, and self-defense can mitigate some of the risks associated with lone working.
5. History of Incidents: Analyze past incidents or near misses involving lone workers to identify patterns and assess the frequency and severity of risks faced by Hapford Garage workers.
Based on the information gathered, an assessment can be made regarding the extent of risk from lone working at Hapford Garage. This assessment will help determine the appropriate measures to be taken to mitigate those risks.
(b) What changes could the lead mechanics make to existing working practice to reduce the risks from lone working?
To reduce the risks from lone working at Hapford Garage, the lead mechanics can implement several changes to the existing working practices. Some potential measures include:
1. Risk Assessment: Conduct a comprehensive risk assessment specifically for lone working scenarios. Identify the potential hazards and develop appropriate control measures to mitigate those risks.
2. Communication Systems: Ensure that lone workers have reliable means of communication, such as mobile phones, two-way radios, or panic buttons. Establish regular check-ins or scheduled contact to monitor worker safety and well-being.
3. Emergency Procedures: Develop and communicate clear procedures for handling emergencies or critical incidents during lone working. Provide workers with training on emergency response protocols and ensure they understand how to access emergency service when needed.
4. Training and Competence: Provide thorough training to lone workers on the specific risks associated with their tasks and environment. Offer training on self-defense techniques, first aid, and any other relevant skills to enhance worker safety.
5. Supervision and Support: Implement a system for regular supervision and monitoring of lone workers. This can include periodic site visits, remote monitoring systems, or buddy systems where workers check on each other.
6. Personal Protective Equipment (PPE): Assess and provide appropriate personal protective equipment to lone workers based on their specific tasks and potential hazards. Ensure workers are trained on the proper use and maintenance of PPE.
7. Health and Well-being Support: Consider the well-being of lone workers and provide resources such as counseling services, stress management programs, and support networks to help address any psychological or emotional challenges associated with working alone.
By implementing these changes, the lead mechanics can significantly reduce the risks faced by lone workers at Hapford Garage and create a safer working environment. Regular review and updates of these practices should be conducted to ensure ongoing effectiveness and continuous improvement.
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If i wanted to determine what type of technology was available when i arrived at a scheduled speaking event, conducting a/n ________________ audience analysis survey would be best.
By conducting this pre-event audience analysis survey, you will be better equipped to tailor your presentation to the available technology and ensure a smooth and engaging speaking event.
If you wanted to determine what type of technology was available when you arrived at a scheduled speaking event, conducting a pre-event audience analysis survey would be the best approach. This survey would help you gather information about the audience's technological capabilities and preferences. Here's how you can conduct the survey:
1. Design the survey: Create a questionnaire with questions related to technology. For example, ask about the devices they use (e.g., smartphones, laptops), their proficiency in using technology, and whether they have access to the internet during the event.
2. Choose the survey method: Decide on the best way to administer the survey. You can use online survey tools, email, or paper-based surveys depending on the preferences and accessibility of your audience.
3. Distribute the survey: Send the survey to your audience before the event. Provide clear instructions on how to complete it and set a deadline for responses.
4. Analyze the survey results: Once you receive the responses, analyze them to determine the audience's technological capabilities and the type of technology they have access to. Look for patterns and trends in the data to make informed decisions.
Therefore, by conducting this pre-event audience analysis survey, you will be better equipped to tailor your presentation to the available technology and ensure a smooth and engaging speaking event.
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Ron, a manager at a hardware components manufacturing unit, has recently learned from a subordinate's report that the production rates in his firm have gone down immensely because of poor employee morale. Ron has realized that he needs to make a change in the organization that will motivate employees. Which of the following steps in the comprehensive approach to change is illustrated in the scenario?
a. Recognizing the need for change
b. Understanding how to implement the change
c. Setting goals for the change
d. Selecting a change technique
e. Implementing the change
The step of comprehensive approach change that is illustrated in the scenario is recognizing the need for change (option A)
Recognize is a term of Latin origin that is composed of three parts that are:
1. The prefix re, which is equivalent to the action of repetition
2. The verb cognoscere, which can be translated as knowing
3. The suffix -ment, which is a synonym of instrument.
In other words, recognizing is a term that refers to the action of recognizing, that is, carefully examining an object, situation, person, or another to know its content or current state.
According to the above, it can be inferred that the situation described corresponds to the recognition of a problem because the manager carefully examines why sales have dropped and recognize the cause for this consequence, recognizing that he must change something to avoid this situation.
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Please help me!
I need the company name of every logo here
Answer: I only know a little more than half of them but yeah here ya go
Going left to right:
2: BP (oil)
4: Apple
5: Honda
6: Shell (oil)
8: Chanel
11: playboy
13: bank of america
16: American eagle outfitters
17: Panther
18: NBC news
28: Starbucks
29:Aussie (Kangaroo)
30: McDonalds
34: Wikipedia
39: T-Mobile
46:Red bull
48: Windows
61: Adidas
63: Monster energy drinks
64: Hannaford
66: Moto
68:pringles
Last one: pepsi
Explanation:
What is not considered a new product characteristic?
A. Trial ability
B. Observability
C. Perceived complexity
D. Adaptability
Answer:
What is not considered a new product characteristic? Answer to the above questions in adaptability . As observability , trialability and perceived complexity are the characterstics of a new product but adaptability is not t…
Explanation:
D.
all small indusrties are highly labor intensive true /false given reason
Answer:
FALSE.
Explanation:
Not ALL small industries are highly labor-intensive. If you start a small industry, it could become highly labor-intensive as a result of insufficient staffing, inventory, and other factors.
TIP: Never use "ALL", "ALWAYS", "NEVER", etc...words like this turn arguments false.
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?
which of the following book-tax differences does not create a favorable temporary book-tax difference? a) tax depreciation for the period exceeds book deprection b) bad debts charged off in the current period exceed the bad debts accrued in the current period
A book-tax difference occurs when the amount of income or deductions that is reflected on a company’s tax return differs from the amount that is reflected on the company’s financial statement.
This can result in either a favorable or unfavorable difference between the company’s taxable income and its financial statement income.
The book-tax difference that does not create a favorable temporary book-tax difference is when the bad debts charged off in the current period exceed the bad debts accrued in the current period. This is because when bad debts are charged off, it reduces the net income on the company's financial statement, but does not reduce taxable income. This results in an unfavorable book-tax difference, creating a discrepancy between the company's taxable income and financial statement income.
In conclusion, a book-tax difference that does not create a favorable temporary book-tax difference is when bad debts charged off in the current period exceed the bad debts accrued in the current period. This discrepancy between the company's taxable and financial statement income can ultimately lead to unfavorable results.
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List qualities a good manager should have. What are the advantages and drawbacks of being in a position of authority?The qualities of a good manager are:The advantages of being a manager are:The drawbacks of being a manager are:
an example of a current asset for mertz medical supplies would be its:___.
One example of a current asset for Mertz Medical Supplies would be its inventory of medical supplies that are expected to be sold within one year or within the operating cycle of the company.
Current assets are items that a company expects to convert into cash or use up within one year or within the operating cycle of the business, whichever is longer. The operating cycle is the time it takes for a company to purchase inventory, sell the inventory, and collect payment from customers. In the case of Mertz Medical Supplies, the company's inventory of medical supplies would be a current asset because it is expected to be sold within the next year or within the operating cycle of the business. This inventory can include items such as medical equipment, devices, and consumables that the company sells to customers.
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What is meant by core competency?
multiple choice-- economics
A visit to your doctor's office might reveal another, or several, doctors maintaining separate practices in the same building. These doctors may have combined their efforts to form what kind of business?
Corporation
Partnership
Franchise
Sole proprietorship
Answer:
Partnership
Explanation:
A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
There are two (2) main classes of partnerships and these includes;
1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.
2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.
In this scenario, there are several doctors maintaining separate practices such as dentistry, paediatric, gynaecology, etc., in the same building.
Thus, these doctors may have combined their efforts to form a partnership business because they all share in the successful operation of the business and assume liability for any business debt owed.
during what months do most people file their taxes ?
Question 3 of 10
What is the main purpose of a credit bureau?
A. To consolidate credit card debt
B. To collect and report credit information
C. To get borrowers the best interest rate
D. To provide easy credit
SHIRE
Credit bureaus provide some of the information creditors and lenders use to help them make important lending decisions. While credit bureaus collect credit information in order to make it available to certain third parties, the decision to deny or approve someone credit ultimately lies with the lender or creditor.
The main purpose of a credit bureau is B. To collect and report credit information
What is the purpose of the credit bureau system?It collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies, and provides comprehensive consumer credit information with value-added services such as credit scores to private lenders.
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The primary concern about ethics training programs in organizations focuses on _______.
The primary concern about ethics training programs in organizations focuses on Whether ethics can be taught.
What is the purpose of ethics training?The ethics training can be described as the training that is been given in an organization to the members of the organization to know the rules as well as the guiding principle that surround the working process of the organization.
It should be noted that , primary concern about ethics training programs in organizations focuses on Whether ethics can be taught.
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According to the digital disconnect and the lecture, the global digital divide is the result of _____.
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Which events could cause the change in demand shown on this graph?
Check all that apply.
Answer:
Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.
summary in accounting
In accounting, a summary refers to a concise presentation or overview of financial information or transactions. It is typically prepared to provide a snapshot of the financial status or performance of a business or organization within a specific period.
A summary in accounting can take various forms, including financial statements, such as the income statement, balance sheet, and cash flow statement. These statements summarize the revenues, expenses, assets, liabilities, and cash flows of a company, allowing stakeholders to assess its financial health and performance.
Apart from financial statements, other types of summaries in accounting may include:
General Ledger Summary: This summarizes the transactions recorded in the general ledger accounts, showing the account balances and their classification (e.g., assets, liabilities, equity, revenues, expenses).
Trial Balance Summary: A trial balance summarizes the balances of all accounts in the general ledger, indicating whether the debits equal the credits and assisting in the detection of any errors or imbalances.
Budget Summary: This summarizes the planned revenues, expenses, and cash flows for a specific period. It helps in comparing actual performance against the budgeted amounts and identifying any variances.
Financial Ratios Summary: Financial ratios summarize key relationships between different financial figures, such as profitability ratios (e.g., gross profit margin, return on investment), liquidity ratios (e.g., current ratio, quick ratio), and solvency ratios (e.g., debt-to-equity ratio).
Summaries in accounting play a crucial role in providing concise and meaningful information to decision-makers, such as managers, investors, creditors, and regulators. They facilitate analysis, decision-making, and communication of financial information in a clear and understandable manner.
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Hilton Corp. has revenues of $1,214,800, costs of $816,355, and pays a tax rate of 32 percent. If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings
Answer:
its $133,471.30
Explanation:
Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?
A) The point system
B) The classification system
C) The factor-comparison method
D) The market-basket analysis method
Answer:
C) The factor-comparison method
Explanation:
It is correct to say that the method for evaluating jobs that Brad is using in this scenario is the method of comparing factors, which consists of evaluating various factors of the job and not just the job itself. This method is advantageous due to the ease of application and classification of factors, such as those classified as compensable work factors such as physical effort, responsibility, skill and the nature of working conditions.
The objective of the factor comparison method is then to promote a remuneration corresponding to each value attributed to the job's working factors and thus to promote a fairer remuneration according to the position.