A committee is a team that is formed for a specific purpose and separates once it is complete.
A committee is a group of individuals chosen for a particular task and is usually made up of members from a larger group. A committee's main responsibility is to support the effective operation of the organization. The majority of the time, a committee's main concerns are with information dissemination and helping the leadership make decisions by giving them the knowledge they require.
The effectiveness or failure of the committee will be determined by each member's participation and contribution. The committee will be successful if its members participate, get involved, and inspire others to do the same. Enthusiasm spreads easily.
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during a period of falling costs of manufacturing, which of the following inventory cost methods would result in the greatest reported net income?
Therefore, the cost applied to goods sold under the LIFO method is the lowest if the most recent cost of inventory purchases is declining. A large net income results from a low cost of products sold.
What is net income?In business and accounting, net income (also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income less costs of goods sold, expenses, depreciation and amortization, interest, and taxes for a given accounting period. The net growth in shareholders' equity as a result of a company's operations is calculated as the residual of all revenues and gains less all expenses and losses for the period. It's distinct from gross income, which just subtracts the cost of products sold from revenue. Net income is defined as (gross) income less taxes and other deductions for households and individuals (e.g. mandatory pension contributions).
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An arrangement whereby the firm owns, or seeks to own, multiple stages of a value chain for producing, selling, and delivering a product or service is termed as ________.
Vertical integration is a situation in which a company owns, or aspires to own, several stages of a value chain for creating, selling, and delivering a good or service.
How is vertical integration defined?Vertical integration is a type of business structure in which a single corporation controls every step of a product's production, from the purchase of raw materials through the retailing of the finished result.
An structure in which a corporation's supply chain is integrated and owned by that company is referred to as vertical integration in the fields of microeconomics, management, and international political economy.
What does vertical integration intend to accomplish?Greater manufacturing process control can be obtained through vertical integration by allowing information to flow more freely between the various supply chain participants. This enhances supply elasticity because it gives businesses more leeway to respond to shifting consumer demand.
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placing a notch on a ram module contact surface allows the module to be properly aligned with a memory bank on the motherboard and prevents the installation of incompatible memory types.
True. Placing a notch on a RAM module contact surface allows the module to be properly aligned with a memory bank on the motherboard and prevents the installation of incompatible memory types.
Alternatively referred to as main memory, primary memory, or system memory,Random Access Memory (RAM) is a hardware device that allows information to be stored and retrieved on a computer. RAM is usually associated with DRAM, which is a type of memory module. Because information is accessed randomly instead of sequentially like it is on a CD or hard drive, the computer can access the data much faster. However, unlike ROM or the hard drive, RAM is a volatile memory and requires power to keep the data accessible. If the computer is turned off, all data contained in RAM is lost.
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the probability of an event that is affected by two or more different events is called a a. conditional probability. b. empirical probability. c. joint probability. d. tree diagram.
Joint probability refers to the likelihood that an occurrence will be impacted through two or more distinct events.
Simple probability: What is it?Simple probability is the method of estimating a conclusion or the possibility that an event can ever occur. Insurance companies utilize probability statistics to determine the likelihood of having to pay out a claim. A simple probability can be calculated by dividing one eventual scenario by all other potential outcomes.
What significance does probability have?Information about the possibility that someone will happen is provided by probability. For instance, meteorologists use climate patterns to forecast the likelihood of rain. Probability theory is utilized in epidemiology to comprehend the connection amongst doses and the chance of health outcomes.
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using an excel spreadsheet, calculate the bottom line improvement using the base line below under these scenarios: increase sales by 50% reduce finance costs by 50%, keeping sales at $100,000 reduce production costs by 20% (cost of goods sold), keeping sales and finance costs at the initial levels what option offers the best overall result? upload the excel file with your calculations and a separate statement of conclusions stating the option that offers the best overall result. communicate with your instructor if you have difficulties. base line financials item base line sales $100,000 cost of goods sold $80,000 gross margin $20,000 finance costs $6,000 subtotal $14,000 taxes at 25% $3,500 contribution $ 10,500
the answer of the given question is the first scenario—in which we boost sales by 50%—gets us the maximum profit/contribution.
Item Base line First scenario Second Scenario Third Scenario
Sales 100000 150000 100000 100000
COGS 80000 80000 80000 64000
GM 20000 70000 20000 36000
Finance Costs 6000 6000 3000 6000
Subtotal 14000 64000 17000 30000
Taxes at 25% 3500 16000 4250 7500
Contribution 10500 48000 12750 22500
We can see that the scenario where we raise sales by 50% results in the most profit or contribution.
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which type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods?
Vertical integration type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods.
One method of reinvestment is diversification. A global corporation can add new revenue streams, ideally with high-profit potential, by purchasing new businesses and corporate divisions, frequently in markets with growth potential or in new markets. There are two aspects to the justification for diversification, according to Calori and Harvatopoulos (1988). First, diversification can be either defensive or aggressive depending on the nature of the strategic objective.
Spreading the risk of market contraction or being compelled to diversify when an existing products or present market direction appears to offer no more prospects for growth may be defensive considerations. Gaining new positions, seizing possibilities that offer higher profitability than those for expansion, or utilizing financial reserves over the whole amount required for expansion are all offensive motivations.
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booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each. which of the following is true of this situation?
Smallville can file a legal claim, since Booksellers agreed to hold the offer open, even though no consideration was given.
Legal claim
Legal claim refers something which someone says which they cannot prove and which may be false.
Given,
Booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each.
Here we need to find the statement that is applicable for this situation.
While we looking into the given situation,
We have identified that the price before the legal claim is $5 each and after the legal claim the price is $7 each.
Which means that the Booksellers agreed to hold the offer open, even though no consideration was given.
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can you name a fashion brand that you have recently purchased because it had a positive brand image? how does that compare with a fashion brand that you have purposely not purchased because of the image of the company?
NIKE was the most recent brand I bought.
Consumers' mental and objective reactions to a brand when they buy a product are known as brand image. surpassing the expectations of the consumer is a positive brand image. A strong brand image improves an organization's reputation and brand value.
What does a strong brand identity entail?
A product can differentiate itself from almost identical rivals in the same market niche thanks to a strong brand image. For instance, even when there is little product differentiation, consumers still believe that name-brand products are of greater quality than store-brand products. Coca-Cola is a well-known brand for a beverage that is best enjoyed during times of joy, happiness, and positive experiences. It has a "unique taste" and is the "original cola."
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If the market price is $8, how many units should the firm produce to maximize profit?.
At a price of $8 per unit, the company has to create seventy (70) units in order to make the most amount of money possible. At a price of $8 per unit, the company has to create seventy units in order to make the most amount of money possible.
What is maximizing profit?Generally, In the field of economics, the term "profit maximization" refers to either the "short run" or "long run" process that a company can use to determine the price, input and output levels that will result in the greatest possible total profit.
The term "profit maximization" draws attention to that specific point, which is the level of output at which your company generates the greatest amount of profit. "a company trying to maximize profit will produce the quantity where marginal cost' and marginal revenue' are equal to each other," as stated by the Khan Academy, a non-profit educational organization.
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Watercraft, inc. , employs vladimir as a sales agent for a trial period. At the end of the period, watercraft and vladimir disagree on the amount of the commissions vladimir is due for sales that he made. Vladimir may demand?.
The ability to measure and analyse cash inflows and outflows through financial reporting gives the organisation and its finance teams a better understanding of present and potential cash flow issues.
In financial reporting, there are four main documents. The assets, liabilities, and equity of the business are listed on the balance sheet. It reveals the assets and liabilities of the business as well as the amount of capital the owners have invested. The company's earnings and expenses are both listed in the income statement.
You can ask Vladimir for a financial report.
Vladimir wants an accounting from the Defendant (Watercraft Inc.) for the funds which belong to him. Therefore, the entire amount owing for Vladimir's sales commissions must be determined by a third-party accounting specialist.
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Core Publishing Company learned that when selling overseas, local fulfillment can be more cost effective, and it can decrease delivery time and improve customer service. This is an example of a global _________ strategy.
a. product
b. pricing
c. distribution
d. communication
e. promotionc. distribution
The given situation is an illustration of a (C) global distribution plan.
What is a global distribution strategy?International distribution strategy is the process of deciding on the greatest export locations, figuring out the best distribution channels, and positioning your product or service so that your sales start to rise.
This requires meticulous planning as well as regional market knowledge.
When selling worldwide, Core Publishing Company found that local fulfillment can be less expensive, as well as speeding up delivery and enhancing customer service.
This serves as an example of a global distribution plan.
Market, Product, Company, Channel, and Environment Related Factors are 5 Important Factors Affecting Distribution Channel Selection.
The distribution of goods can be done through a variety of routes.
Therefore, the given situation is an illustration of a (C) global distribution plan.
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bramble corps accounting records reflect the following inventories: how much is the total manufacturing costs inccured during 2022 for bramble?
The manufacturing cost of Bramble Corps will be equal to $20,50,000, considering all other factors.
Given information:
Opening raw materials = $2,50,000
Purchase of raw materials during the year = $7,90,000
Closing inventory of raw materials = $300,000
Raw material = $2,50,000+ $7,90,000-$3,00,000 = $740,000
Direct labor = $6,70,000
Manufacturing overhead = $640,000
Manufacturing cost = raw materials direct labor +manufacturing overhead
Manufacturing cost = $740000 + $670000 + $640000 = $2050000
The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct costs, and factory overhead expenditures were included in these expenses. Usually, the costs are shown as different line items in the revenue statement.
A manufacturing cost includes all expenses incurred during the creation of a good or service, including the resources purchased. Costs associated with the manufacture include labor, and overhead.
The complete question is here:
Bramble Corp.'s accounting records reflect the following inventories:
Dec. 31, 2021 Dec. 31, 2022
Raw materials inventory $300000 $250000
Work in process inventory 300000 160000
Finished goods inventory 190000 150000
During 2022, $790000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000.
Bramble Corp.'s total manufacturing costs incurred in 2022 amounted to.
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A marathon run raised £235,748 for a charity in 2016 in 2017 the run raised £79,200 more than in 2016 what is the total amount of money raised so far
If a marathon raises monies as $235,748 for the year 2016, and $79,200 more than 2016 for the year 2017, the total amount raised by the marathon run so far is approximately $550,696.
Money raising can be referred to or considered as an activity, which is done with a specific financial or organizational purpose. For the condition given above, the monies raised will be,
Monies Raised = Year 2016 + (Year 2016 + 79,200)
Monies Raised = 235748 + (235748 + 79,200)
Monies Raised = $550,696
Therefore, a total of $550,696 is the money that has been raised by the marathon run.
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A conflict involves a serious clash of values, perceptions, or ideas and can jeopardize productivity in terms of one's relationships at work and dealings with customers (T/F)
(T)rue
The answer is true. Conflict is a scenario that involves at least two ideas interdependent parties, is marked by perceived differences, and is seen negatively by the participants.
Negative emotional states and acts meant to win the day are frequently the result of this. Information conflicts, values conflicts, interest conflicts, ideas interpersonal conflicts, and structural conflicts are the five basic causes of conflict. Conflicts over information occur when persons have conflicting or incomplete information or disagree on the information's relevance. A argument over a course of action to be taken, such as the marketing strategy for a new product, with one's supervisor or other team members is an example of substantive conflict.
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why might some people still prefer manually saving their mom example: manually transfer/deposit money into a savings account
People enjoy having their wishes fulfilled. Due to they many still prefer manually saving their money.
1.They know little about banking or the advantages of keeping a savings account.
2.They need emergency cash in order to keep track of their spending.
3.Credit card payments should be avoided.
Why is saving money so difficult for people?When it comes to saving, many people are unwilling to keep track of their expenses, thus they object when urged to do so.
Because they do not want to pay the bank fees, many people do not want to open an account.
Therefore, educating the public will help solve the manual saves problem.
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true or false: organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
Organizations need to ensure that their training programs make employees aware of title vii of the civil rights act is a True statement.
The Civil Rights Act's Title VII protects you in what ways?
Section 7 of the Civil Rights Legislation of 1964 Employers and job candidates are protected against employment race discrimination, color, religion, sex, and national origin under Title Vii Rights Act, as modified.
Through training and development, businesses can attract and keep top people, boost morale and job satisfaction, boost productivity, and increase profits. Additionally, organizations with engaged staff see 17 percent higher production and a 41 percent decline in absenteeism.
Therefore, organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
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Which is the Fed most likely to do in the event of a recession?.
The sole function of the Fed during the
Great recession in the economy is to
establish rules governing financial activities.
The winner of the competition and the one who makes the most money will then be decided by the free market. The Fed's move to increase interest rates in 1928 and 1929 is an illustration of the former. The Fed took this action in an effort to control market speculation. The United States' economy was affected by this action.
From 5.25 percent in September 2007 to a range of 0-0.25 percent in December 2008, the federal funds rate was initially lowered by the Fed through "conventional" policy operations, with the majority of the decline occurring in January to March 2008 and in September to December 2008.
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an interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the ....... rate. a. Periodic interest
b. Stated interest
c. Daily interest
d. Compound interest
e. Effective annual
An interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the Effective annual interest rate.
Hence, Option E is correct.
What do you mean by Interest rate?
An interest rate can be defined as the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed.
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Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.
What amount will the insurance company pay for the damages?
What amount will your friend have to pay?
a) The insurance company pay for the damages is $15,000
b) The amount will your friend have to pay $5,000
Insurance:
Insurance is the amount that a company pays to get an insurance contract and any additional premium payments.
Given,
Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.
Here we need to find the following:
a) The insurance company pay for the damages
b) The amount will your friend have to pay
While we looking into the given question,
We have identified that the total claim for property damage is calculated as,
=> $4,500 + 15500 =$20,000
(a) We know that the insurance company will pay the greater of the claim amount or the policy limit.
So, the property damage liability coverage is less than the claim amount, the insurance company will pay the policy limit of $15,000.
(b)Now, will be personally liable for any unpaid claim amount.
=> Remaining liability = Claim amount - Insurance payment
=> $20,000 − $15,000
=> $ 5,000
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FILL IN THE BLANK. research indicates that hindrance-related stress is ___related to job satisfaction, and challenge-related stress is ___ related to job satisfaction.
According to research, stress related to challenges is "positively" associated with job while stress related to obstacles is "negatively" related.
What is stress?
Any kind of change that puts physical, emotional, or psychological strain on a person is considered to be stressful. Your body's reaction to anything that demands focus or action is stress. Everyone goes through periods of stress. However, how you handle stress has a significant impact on your general wellbeing. The brain as well as body are both impacted by stress. People need a little bit of stress to function and defend themselves, but too much stress could indeed overwhelm them and cause the fight, flight, or freeze response. Therefore, developing coping mechanisms for stress is crucial for both our personal health.
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which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client i, iii, and iv i, ii, iii, and iv ii, iii, and iv i and ii
Factors that a financial planner should monitor for every client are changes in the client's objectives.
Financial planner assists clients in managing their money and achieving their long-term financial objectives.A solid understanding of personal money, taxes, budgeting, and investing is necessary for a financial planner. They could be experts in estate planning, risk management, retirement planning, tax planning, or asset allocation. Many clientele comes from a specific demographic, such young professionals or retirees. Financial planners offer clients advice and support on a range of topics, including investing, retirement planning, paying for college or starting a new business while preserving money.
Many financial planners offer a holistic approach that takes the client's total well-being into account, while some focus on a single area, such as retirement funds. They might discuss the costs associated with family, employment, education, and physical health.
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Boaters World is expected to have per share FCFE in year 1 of $1.65, per share FCFE in year 2 of $1.97, and per share FCFE in year 3 of $2.54. After year 3, per share FCFE is expected to grow at the rate of 8% per year. An appropriate required return for the stock is 11.5%. The stock should be worth today $71.80 347.62 161.44
Previous question
The stock should be at $71.80 today.
P3 = $2.54 (1.08)/(.11 - .08) = $91.44; PV of P3 = $91.44/(1.11)3 = $66.8601; P0 = $4.94 + $66.86 = $71.80.
A stock market, fairness market, or share market is the aggregation of consumers and dealers of shares, which represent possession claims on businesses; these may include securities listed on a public stock.
Even though the stock marketplace produces volatile returns, it has long records of outpacing inflation in the long run.
The primary motive of the Wall avenue crash of 1929 turned into the long length of speculation that preceded it, at some point in which tens of millions of humans invested their financial savings or borrowed cash to buy shares, pushing charges to unsustainable ranges.
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a company paid the supply store $100 for supplies purchased last week. what is the effect on the overall accounting equation?
The impact on the overall accounting equation: one asset account (Cash) decreases and another asset account (supplies increases).
The wide variety of general property is not affected. expenses and liabilities aren't affected.
Accounting, additionally referred to as accountancy, is the dimension, processing, and verbal exchange of monetary and nonfinancial data approximately financial entities which include groups and businesses.
Accounting, additionally known as accountancy, is the size, processing, and communique of economic and nonfinancial records of approximately monetary entities along with groups and companies. accountants assemble, examine, verify and put together monetary records for their department or enterprise as a whole, according to the Bureau of Labor facts (BLS). In layman's phrases, they work with economic files to make certain lawful, green, and compliant commercial enterprise practices.
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There is $5,000,000 of currency in Econland, all held by banks as reserves. The public does not hold any currency. If the banks' desired reserve/deposit ratio is 0.25, then the money supply equals:
The optimal reserve/deposit ratio for banks is 0.25, meaning that the money supply is $20,000,000.
How many different kinds of currencies exist?In General Assembly (UN) national governments, UN General Assembly ou pas observer nations, largely recognized or unrecognized governments, and their dependent entities, 180 currencies are recognized as legal money.
Why is the US dollar so powerful?Because of the Fed's aggressive monetary policy in reaction to soaring inflation, the U.S. greenback is strengthening. There at November FOMC meeting, it increased the fed funds rate from a range of 3.75 to 4% from where it was at the start of 2022, which was close to zero.
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some organizations use internal support departments to provide like services to several divisions or departments within an organization. which of the following would probably not lend itself as a support department
Some organizations use internal support departments to provide like services to several divisions or departments within an organization. Inventory control not lend itself as a support department.
The practice of making sure there is the appropriate quantity available in an organization is known as inventory control, often referred to as stock control. By implementing the necessary internal and production controls, the practice guarantees that the business can satisfy client demand and provides financial flexibility.
To avoid bottlenecks, speed up procedures, pinpoint sluggish or out-of-date products, and even assist assess suppliers, inventory control connects the upstream operations of purchasing and production to the downstream activities of sales and product demand.
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is a strategy that focuses on forging long-term partnerships with customers. group of answer choices transactional marketing relationship marketing niche marketing mass customization exchange targeting
An approach called "relationship marketing" aims to establish enduring relationships with customers.
Define the term relationship marketing?Relationship marketing is a Client Relationship Management (CRM) strategy that places an emphasis on customer pleasure, retention, and lifetime value.
Its goal is to advertise to current consumers rather than acquiring new ones through advertising and sales.Retaining customers and enduring, long-term interaction with your customer base are the foundation of a successful relationship marketing approach. Increased positive expression, repeat business, and consumer readiness to offer insightful feedback to the business and their peers are all advantages.In order to assure long-term happiness and brand loyalty, relationship marketing focuses on marketing approach of fostering more meaningful ties with customers.Thus, a marketing strategy called "relationship marketing" is centered on creating enduring relationships with customers.
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information about credit quality, amortization cost by credit quality indicator for the prior five years and in the aggregate, and the methodology for estimating credit losses must be disclosed for Multiple Choice all receivables reported at amortized cost
only receivables expected to be collected within one year
only receivables expected to be collected over a period exceeding one year
only interest-bearing notes
Information about credit quality, amortization cost by credit quality indicator for the prior five years and in the aggregate, and the methodology for estimating credit losses must be disclosed for all receivables reported at amortized cost.
According to the accounting principle of amortized cost, all financial assets must be recorded at their amortized value on a balance sheet, which is equal to the acquisition cost less any principal repayments, discounts, or premiums, less any impairment losses, and any exchange rate variations.
Credit quality is a metric used to assess a person's or business's creditworthiness, or capacity to pay back its loan. Credit risk may be determined by credit quality. One of the main factors used to assess the investment quality of a bond or a bond mutual fund is credit quality. Bond ratings are used to evaluate a company's credit worthiness before it issues bonds. Credit ratings are used to evaluate the credit quality of securities and other companies, such as insurance companies.
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What is the primary purpose of a bank reconciliation?.
Bank reconciliations is important internal control tool for preventing and detecting fraud.
What is bank reconciliation?Bank reconciliation seems to be a process that explains why there are differences between a company's bank statement and its Cash Book. The process is used not only to identify differences, but also to make changes to relevant accounting records in order to keep the records up to date.The three methods of a bank reconciliation are as follows: Statement comparison. Balancing the books. The reconciliation is being recorded.Account Reconciliation Types Account reconciliations come in a variety of forms and can be used for either personal or professional purposes. Account reconciliation is classified into five types: bank reconciliation, vendor reconciliation, business-specific reconciliation, intercompany reconciliation, and customer reconciliation.To learn more about bank reconciliation refer to:
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If the tax rate on homes in topeka, kansas is 1. 8 percent of their value and bonnie owns a $100,000 house, how much will the real estate taxes add to her monthly mortgage payment?.
The real estate taxes would add $150 to Bonnie’s monthly mortgage.
How to calculate real estate tax?To find the amount of real estate tax that will be added to Bonnie’s monthly mortgage, annual real estate tax rate and the value of house should be considered.
Total value of Bonnie’s house = $100,000
Real estate tax per annum = 1.8% (i.e. 1.8/100 = 0.018)
To calculate real estate tax per month, multiply the value of house with the annual real estate tax and divide by 12 months.
Annual tax = 100,000 x 0.018 /12 = $150 per month.
Therefore, Bonnie will have to pay $150 as real estate tax each month.
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you are interested in examining the effect of running ads on sales in your department. which item would be an independent variable?
As you are interested in examining the effect of running ads on sales in your department, an item which would be an independent variable on the study is ads run per month. The Option C is correct.
What is an independent variable?In a study, an independent variable means the variable that is changed or controlled in a study, which It represents the cause or reason for an outcome. An independent variables are the variables that the researcher can changes to test their dependent variable.
A change in this variable directly causes a change in the dependent variable and its effect on the dependent variable is measured and recorded.
Missing options "sales by salesperson per month total sales per week ads run per month, total dollar sales per month"
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