There were two men, the first was Alex and the second was Mr. Bren. Both of them have high passion for social work. Alex and Brenn aim to educate poor children. Alex started a social enterprise called Better Tomorrow to provide education to the poor.
Brenn decided to withdraw all of his savings to provide education to the poor.
Question: 1. Which do you think, between Alex and Bren, helped the poor longer And help more? Please give a reason.
Both of them have demonstrated a passion for social work and a desire to educate poor children, which is commendable.
How does Alex come in?Alex has started a social enterprise, which has the potential to have a more sustained impact and reach a larger number of people, but it also requires a lot of resources and effort to run successfully.
On the other hand, Brenn has withdrawn all of his savings to provide education to the poor, which shows a strong commitment to the cause, but may not be able to help as many people in the long term without a steady source of funding.
Ultimately, it is important to acknowledge and appreciate the efforts of both individuals and recognize that there is no one-size-fits-all approach to social work and making a positive impact.
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Salaries and Wages Expense should have been accrued on December 31st, but the entry was not made. The result of this oversight is thatA.stockholder's equity is understated.B.net income is understated.C.liabilities are understated.D.assets are understated.
On December 31st, salaries and wages expenses were supposed to be accrued, however an entry was not made. Liabilities are overstated as a result of this error.
What is the accrued salaries and wages adjusting entry?The accrued salaries entry results in a credit to the accrued wages (or salaries) account and a debit to the compensation (or salaries) expenditure account. As a liability account, the accrued wages account can be found on the balance sheet.
What takes place if a business records $5000 in accumulated payroll expense on December 31 of Year 1?The Accrued Salary Expense account will have a zero balance on January 1 of Year 2 if a corporation recognizes $5,000 in accumulated salary expense on December 31, Year 1. The Accrued Salaries Due account will have a $5,000 balance on January 1 of Year 2.
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Which of the following is included in a business case for a
project?
Risks
O Benefits
O Expectations
O Requirements
Benefits is included in a business case for a project. Hence, option B is correct.
What is a business case?An executive summary, financial data, an analysis, and dangers are all included. Any industry might utilize it for a business case. Before meeting to discuss the project in more detail, sending this concise overview to important stakeholders is a wonderful idea.
For writing a business case, the majority of firms use a standard template. Business cases describe the problem, the idea, its financial impact, and implementation concerns such as risks, opportunities, resource requirements, and measurement methods.
Thus, option B is correct.
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Lucy Down earns an annual salary of $25,890.00 as an administrative assistant. She is married and has one child. Her state withholding tax rate is 4.8 percent of taxable earnings. What is the total of Lucy’s personal exemption? _______________ What is her annual state tax withholding rounded to the nearest dollar? _______________
Lucy Down makes $25,890.00 per year as an administrative assistant. She's married with one child. The state withholding tax rate on her taxable earnings is 4.8 percent Nothing deduction gave because her is child is not minor. Lucy's total personal exemption. Her yearly state tax withholding in dollars and cents. $24647.28.
What is personal exemption?Until 2017, the personal exemption was a federal income tax relief. The personal exemption was repealed by the Tax Cuts and Jobs Act of 2017 for tax years 2018 through 2025.
The exemption was designated for a subsistence level of income that was not taxed and provided an exemption for each taxpayer-supported individual. The personal exemption may be claimed by the taxpayer for themselves, their spouse, and any eligible dependents. Due to current tax rules, there is no personal exemption.
However, the standard deduction for most taxpayers has more than quadrupled throughout that time span. Many taxpayers will no longer need to itemize deductions because of the greater basic deduction. It does, however, vary based on a taxpayer's filing status and does not provide for extra exemptions for dependents.
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The accounts that will be used by Metro Moving Company follow. Prepare a chart of accounts for the firm. Classify the accounts by
type, arrange them in an appropriate order, and assign suitable account numbers. Assign Expense account numbers in alphabetical
order.
Salaries expense
Prepaid rent
Fees income
Accounts receivable.
Telephone expense
Carmen Alexis, Capital
Salaries expense
Prepaid rent
Fees income
Account Name
Accounts receivable
Telephone expense
Carmen Alexis, Capital
Office supplies
Accounts payable
Cash
Utilities expense
Office equipment
Carmen Alexis, Drawing
office supplies
Accounts payable
Cash
Utilities expense
Office equipment
Carmen Alexis, Drawing
Account Number
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
What is the meaning of Accounting?The measuring, processing, and sharing of monetary and non-monetary information regarding economic entities like enterprises and corporations are known as accounting, also known as accountancy.
For the purposes of planning, regulating, budgeting, and decision-making, an accountant should be able to create financial statements and accounting reports. The cash flows account, profit & loss statement, and balance sheet are the three major financial statements. The three financial statements mentioned above are connected to one another.
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Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will ken have to pay after paying back the borrowed amount?.
Issues with interest. Ann put $12,000 into two different bank accounts. One of the accounts offers 6% yearly interest, while the other offers 5%.
What is the definition of "interest"?
A feeling that is associated with or draws attention to a certain object or person: A worry-inducing object or person is referred to as a concern. a fascinating quality in something or someone.
Interest, to put it as simply as possible, is the price of borrowing money. It's the amount you owe your lender from a credit card or loan balance. However, there are other ways to get interest paid to you; the most common ones are certificates of deposit and savings accounts.
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Answer:
The answer would be B, $1,680
Step-by-step explanation:
So first of all you want to start by finding what P, r and t would be.
P = Principal amount ($$)
r = interest rate (%)
t = time
Once I found all of those I put them into the equation (l = Prt) and solved. That's how I came up with $1,680. Check out the screenshot I have provided for all my work! :)
Have a great day!
When looking at a country as a market or investment, the international business must consider the country's legal system. In that assessment, the firm needs to understand the differences between private actions, which refer to theft, piracy, blackmail, and the like from individuals or groups, and public actions, which are those actions taken by politicians and government bureaucrats. Either kind of action would pose a serious threat to the firm's investment or operations. Before the firm can seek legal remedies, it must clearly understand the options open to it In a legal sense, property refers to a resource over which an individual or a business holds a legal title. It is a resource that it owns. Countries differ in the extent to which their legal systems define and protect property rights, even those countries that are still nominally communist states. Property rights can be violated, sometimes by governments and sometimes by individuals or groups. Select the most appropriate action-public or private-in terms of property rights and legal protections for each description below. 1. You face demands from government officials that will be required before you are allowed to do business. Payments are to be made to individuals, not the government. Public Action 2. A government official is demanding trips, education payments for his children, and a new care before he will allow your firm to be considered for a procurement bid. (Click to select) 3. Your business is told to pay a group of individuals or face violent retribution. You have learned other similar businesses have faced similar demands. (Click to select) *] 4. You've learned your firm will face very expensive new licensing fees in addition to a new tax regulation that targets foreign firms (you) in a specific industry. (Click to select) ) 5. A group of hackers based in the country where your firm wishes to conduct business has broken into your database and is demanding payment or they will destroy your firm's records. Private Action 6. You thought your contract would protect your rights, but your customer is now refusing to pay for merchandise already received, and the courts don't seem willing to help you. (Click to select) Private Action Public Action
For each of the above descriptions (from 1 to 6), the following are the actions:
Public ActionPublic ActionPrivate ActionPublic ActionPrivate ActionPublic ActionThe reasons are as follows:
A prime example of governmental corruption and bribery is the desire for payments to be made to people rather than the government. Property rights are being violated, and the company's legal protection is being violated. Because government employees are performing it, it is a public action.A prime example of corruption and a breach of the law protecting businesses is the demand for personal advantages from a public official in exchange for procurement possibilities. Because it is being done by government representatives, this is a public action.Property rights and the business's legal safeguards are violated when someone demands money or risks receiving violent retaliation. Because it is being carried out by a group of people rather than government representatives, this is a private activity.It is against the law and a breach of the business's property rights to impose additional licensing fees and targeted taxes. Given that the government carries it out through rules and taxes, this is a public activity.The demands for money made by the hackers constitute an infringement on the company's property rights and legal defenses. Due to the fact that a group of people is doing this action, it is a private one.The client's reluctance to pay and the courts' lack of assistance are violations of the client's property rights and other legal safeguards. This is a public action because the judicial system failed to defend the interests of the corporation.Learn more about property rights here:
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please help i only have 10 points left now
Using the examples Pine gave, explain the difference between real fake and fake real?
The difference between the two is that real fake is something that is not real but made to look real, while fake real is something that is real but made to look more valuable or significant than it is.
Who is Pine and what is their relevance to the topic being discussed?Without similarly context, I can not be certain which "Pine" is being noted, as it's far a common surname and could talk to some of people. It might be helpful to recognize the whole call of the person in question and the specific subject matter being mentioned to offer an accurate solution.
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Question # 10
Multiple Choice
A marketing research firm charges a client a low fee chiefly because they have been told they will be
getting additional business from the client within six months. That never happens. This is an example of
O client confidentiality
O misleading promises
seeking unnecessary bids
low-ball pricing
A marketing research firm charges a client a low fee chiefly because they have been told they will be getting additional business from the client within six months. That never happens. This is an example of misleading promises. Thus the correct option is B.
What are misleading promises?When an employer makes a claim about something it is doing or preventing, but is unable to do so or does not wish to, it is considered to have made a false promise.
The fact that a marketing research company charges a client a cheap rate in order because they have been assured that they would have new business from the client within six months signifies this trait in the specific scenario as well.
Therefore, option B is appropriate.
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Manufacturing a shoe manufacturer spends $2. 50 to make sandals and $4 to make running shoes. During a typical month, they spend $2500 manufacturing sandals and running shoes. During the month of april, they double the pairs of sandals manufactured and spend a total of $3000.
MANUFACTURING Sandals cost $2.50 to create and $4 to make by a shoe manufacturer. The average monthly expenditure is $2500.
Which sandal is most suitable for everyday use?
Which sandal is the most suitable for daily use? Leather sandals can be worn every day and are incredibly durable. Additionally, some of the greatest leather sandals are constructed with premium leather that is comfortable for your feet. Flip flops and sandals frequently provide little to no ankle and arch support. This lack of support can cause pain to develop, and it may even increase your risk of accidents like ankle sprains.
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Please solve this answer for me
If the income is $9 and the prices or X and Y are $2 and $1, the quantities of each that will be purchased will be 2 units of X and 5 units of Y.
The total utility is 105.
When the other things remain unchanged and the price of X is $1, the quantities of X and Y to be purchased will be 4 units of X and 5 units of Y.
What is utility maximization?The idea behind utility maximization is that people and organizations should aim to get the most happiness possible out of their financial choices. Utility maximization is a crucial idea in consumer theory because it demonstrates how customers choose how to distribute their income.
It should be noted that the total utility was calculated as:
= (23 + 16) + (18 + 16 + 14 + 10 + 8)
= 105
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A former agent arranges a lease. The owner accepts rent under this lease. The owner cannot disaffirm the lease because there was
a. an agency by ratification
b. an agency by estoppel
c. a general agency
d. a universal agency
The owner cannot disaffirm the lease because there was an agency by ratification. According to Section 196 of the Indian Contract Act, an agency may be established through ratification. The answer is OPTION A.
It states that when an act is performed on behalf of someone without that person's knowledge or consent, that person may ratify the action. Ratification has the effect of binding the ratifier to the agency as if he had specifically given the individual permission to conduct business on his behalf. Ex post facto agency, or agency originating after the fact, is another name for an agency established by the ratification.
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What human right issues are particularly of concern to you on www.fda.gov & why?
Answer:
Access to safe and effective medical products
Clinical trial transparency
protecting vulnerable populations
Explanation:
Access to safe and effective medical products: The FDA is responsible for ensuring that drugs, medical devices, and other products are safe and effective for use by the public. This includes ensuring access to medical products for all individuals, regardless of their race, ethnicity, or other personal characteristics.
Clinical trial transparency: The FDA is committed to increasing transparency in clinical trials and ensuring that the results of these trials are widely available to the public. This is important for both promoting scientific progress and protecting the rights of human subjects in clinical trials.
Protecting vulnerable populations: The FDA is committed to protecting the rights of vulnerable populations, such as children, pregnant women, and elderly individuals, who may be more susceptible to the risks associated with medical products. The FDA has policies in place to ensure that these populations are not subjected to unnecessary harm from medical products.
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Answer:
An inferior good is a good that consumers are less likely to purchase when their income increases, as compared to a normal good that consumers are more likely to purchase with an increase in income. When the price of an inferior good decreases, there are three effects that change the consumer's equilibrium conditions: the substitution effect, the income effect, and the total effect.
Substitution Effect: When the price of an inferior good decreases, it becomes relatively cheaper compared to other goods. As a result, consumers will shift their consumption from other goods to the inferior good, as it becomes a more attractive option. This shift in consumption is referred to as the substitution effect and can be represented graphically by a movement along the demand curve for the inferior good to the right.
Income Effect: The decrease in price of an inferior good also increases the consumer's real income. Consumers can now purchase more of all goods, including the inferior good, with the same amount of money. This increase in the quantity of the inferior good demanded due to the increase in real income is referred to as the income effect and can be represented graphically as a rightward shift in the demand curve for the inferior good.
Total Effect: The total effect of a decrease in price of an inferior good on consumer's equilibrium conditions is the sum of the substitution effect and the income effect. This effect can be represented graphically as a combination of both a movement along the demand curve for the inferior good to the right and a rightward shift in the demand curve for the inferior good.
Explanation:
In conclusion, when the price of an inferior good decreases, the consumer's equilibrium conditions change due to a substitution effect, an income effect, and a total effect. The substitution effect causes a movement along the demand curve to the right, the income effect causes a rightward shift in the demand curve, and the total effect is the sum of these two effects.
Privacy advocates are not questioning whether Axon's software will transform the legal and lethal limits of policing but how it will change policing and who will profit the most from these changes.
Group of answer choices
True
False
Privacy advocates are not questioning whether Axon's software will transform the legal and lethal limits of policing but how it will change policing and who will profit the most from these changes. The statement is True.
What are Privacy advocates?Individuals having authority and expertise concerned with information leaks and exploitation are said to be privacy advocates who called for prior obtaining consent and claimed that technology could be employed by customers to automatically transmit their privacy choices.
An individual who actively supports a certain method of proceeding or strategy is known as an advocate and makes the argument for increased standards, regulations, enforcement, and regulation of all parties.
Therefore, the statement is True.
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The type of experience necessary to produce changes in a skill is called____ and the relatively permanent changes are called____.a. performance capacity; practice
b. their social environment
c. principle of quality
d. practice; learning
Option d: Practice, learning. The type of experience necessary to produce changes in a skill is called practice and the relatively permanent changes are called learning.
Practice is the repeated rehearsing of behaviors in order to learn and ultimately master the skill.
Experience refers to conscious events generally and perceptions more specifically, or the practical knowledge and familiarity produced by these processes.
Experience, understood as a conscious event in its broadest sense, is a subject in which various objects are presented. In this sense, seeing a yellow bird perched on a branch presents the subject with the objects 'bird' and 'branch', and the relationship between them and the attribute 'yellow'.
It may also contain unrealistic objects that occur when experiencing hallucinations or dreams. A narrower understanding counts only sensory perceptions as experiences.
In this sense, experience is usually equated with perception and contrasted with other types of conscious events such as thought and imagination.
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A chemical company is considering buying a magic fan for its plant. The magic fan is expected to
work forever and help cool the machines in the plant and, hence, reduce their maintenance costs
by $6,000 per year. The cost of the fan is $50,000. The appropriate discount rate is 10 percent,
and the marginal tax rate is 35 percent. Should the company buy the magic fan? (2.5 Marks)
No, the company should not buy the magic fan because the NPV (-$24,243.92) of the investment is negative which means expected costs of the fan exceed the present value of the expected benefits.
How do we determine if the company should buy the magic fan?To determine whether the company should buy the magic fan, we can perform a net present value (NPV) calculation which is a method of evaluating the value of an investment by calculating the difference between the present value of the expected cash flows and the cost of the investment.
The formula for NPV is: (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + ... - Cost where: CF1, CF2, etc. are the expected cash flows (in this case, the savings from reduced maintenance costs), r is the discount rate (10%), Cost is the cost of the magic fan ($50,000)
Data
Company expects to save $6,000 per year from reduced maintenance costs for the next 10 years.
Our calculation of the present value of these cash flows:
CF1 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF1 / (1 + 0.1)^1 = $3,518.18
CF2 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF2 / (1 + 0.1)^2 = $3,173.85
CF10 = $6,000 * (1 - 0.35) = $3,900 (after taxes)
CF10 / (1 + 0.1)^10 = $1,462.07
The sum of the present value of the expected cash flows is $25,756.08. So, the net present value equals:
= $25,756.08 - $50,000
= -$24,243.92
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In the context of the skills that managers should possess, which of the following is a difference between technical skills and conceptual skills?a. Technical skills can be summarized as the ability to work well with others, whereas conceptual skills can be summarized as the capability of assessing how motivated employees are to interact with superiors.
b. Unlike conceptual skills, technical skills increase in importance as managers rise through the management hierarchy.
c. Unlike managers with conceptual skills, managers with technical skills can recognize how a company fits into or is affected by its external environment.
d. Technical skills are the specialized procedures and knowledge required to get a job done, whereas conceptual skills are the ability to understand how the different parts of a company affect each other.
Option C is correct. Unlike managers with conceptual skills, managers with technical skills can recognize how a company fits into or is affected by its external environment.
Conceptual skills assist representatives with keeping away from the trap of not "appreciating the big picture," as the maxim goes. Assuming you have applied abilities, you can both imagine issues and conceptualize arrangements. Having these abilities probably implies that you're an innovative kind, and can deal with conceptual ideas and thoughts. Applied abilities permit somebody to perceive how every one of the pieces of an association cooperates to accomplish the association's objectives.
They're fundamental for administrative roles, especially upper administration and centre administration occupations. Administrators need to ensure everybody working for them is assisting with accomplishing the organization's bigger objectives. As opposed to simply getting hindered in the subtleties of everyday activities, upper and centre directors likewise need to stay with the's "higher perspective" points as a top priority.
Notwithstanding, Conceptual skills are helpful in pretty much every position.
In any event, when you have a specific rundown of obligations, it is generally useful to know how your part squeezes into the more extensive objectives of your association. In addition, assuming you have reasonable abilities, you can handle enormous difficulties that surface for your group and devise imaginative and smart arrangements that go past satisfying repetition undertakings.
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…to say that the corporate executive has a ‘social responsibility’…must mean that he is to act in some way that is not in the interest of his employers
In past few decades, however, more business leaders have recognized that they have responsibility to do more than simply maximize profits for shareholders and executives. Rather, they have social responsibility to do what's best not just for their companies, but people, planet, and society at large
Friedman's stance was plain: “There is one and only one social responsibility of business—to use its resources and engage in activities designed to the increase its profits.” That view has a long influenced management thinking, corporate governance, and strategic moves.
Socially responsible activities conducted by corporation are, according to Friedman, distorting economic freedom because shareholders are not able to decide how their money will be spent.
Social responsibility includes companies engaging in the environmental preservation efforts, ethical labor practices, philanthropy, and promoting volunteering. For example, company may change its manufacturing process to reduce carbon emissions.
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1. What are some of the challenges you might encounter if you get equity financing
from friends and/or family members?
Because investors run the danger of offering more that company are bear to lose or of demanding a refund when it benefits individuals but again not their company.
What is equity financing?The practice of obtaining money through the selling of stock is known as equity financing. Companies fundraise either because they can have an immediate need to make payments or a protracted initiative that would help them expand needs funding.
Inappropriately, they might also wish to become more involved with the company. The business succeeds and thus becomes prosperous, a portion of those profits should also be distributed to shareholders as a form of payouts.
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Week 2 Assignment: Current Events Week 2 Assignment: Current Events
Assignment: Select a current events article surrounding unions, bargaining units or labor issues. Discuss how one of the following acts influences the issue or topic of the current event. 1. Taft Hartley Act, National Industrial Recovery Act or Wagner Act and cite a scholarly reference (within the last 10 years) that supports your review. Refer to the assignment criteria for reviewing articles/scholarly papers above. Article/Scholarly Paper Review: Reviews are to be at least 5 paragraphs no more than two (2) pages double spaced, APA format, and include the following criteria for full points: 1. Summary of the Article - 20% 2. How the article is relevant today – 20% 3. Opinion of management – 20% 4. Your Recommendation for Changes – 20% 5. Conclusion for the class – 20%
The Taft Hartley Act, passed in 1947, places limits on the activities and power of labor unions in the United States.
The act permits states to enact "right-to-work" laws, which prohibit agreements between employers and unions that require employees to join the union or pay union fees as a condition of employment. This has been a controversial issue in recent years, with some states passing right-to-work laws and others resisting them.In a current events article about a labor dispute involving a union, the Taft Hartley Act might be relevant if the dispute involves the union's attempt to require all employees in a workplace to join the union or pay union fees. The act might also be relevant if the dispute involves the union engaging in a strike or other action that is prohibited under the act.To know more about Taft Hartley Act visit:
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The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations.
Ft = 70 - 6t+5t2
where
Ft = Unit sales
t=0 at the first quarter of last year
Quarter Relative
1 1.20
2 1.00
3 .70
4 1.10
Using the information given, prepare a forecast of sales for each quarter of next year (not this year). and the first quarter of the year following that.
A sale is an agreement between a purchaser and a seller that occurs when the seller exchanges payment for the sale of either physical or intangible products, assets, or ideas.
There are a number of individuals involved in some kind of a sale. A sale, or perhaps a contract among a plurality of parties, such as the purchaser and the seller, can be viewed of in larger terms. Other way to think of a sale is as a financial market agreement between two individuals when the seller and buyer agree on a set price for a security. The presence of the items and services that are to be acquired along with the seller's authorization to transfer the goods and services to the suitable buyer are among the conditions precedent to a sale.
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A. The firm's short-run total cost curve can be calculated as 2√(100)L. The short-run average cost curve can be calculated as TC/Q, or 2√(100)L/Q.
B. The firm's short-run marginal cost function is MC = (2√(100))/Q. At 25 units of output, the short-run total cost is 2√(100)25 = 200, the short-run average cost is 200/25 = 8 and the short-run marginal cost is 2/25 = 0.08. At 200 units of output, the short-run total cost is 2√(100)200 = 400, the short-run average cost is 400/200 = 2 and the short-run marginal cost is 2/200 = 0.01.
C. The graph for SAC and SMC can be seen below:
D. The SMC curve intersects the SAC curve at its lowest or minimum points, which is because when marginal cost is below the average cost, the average cost decreases and when marginal cost is above the average cost, the average cost increases. Thus, at the lowest point of the SAC curve, the SMC curve must also intersect it as that is the point where the marginal cost is equal to the average cost.
Which one of the following correctly describes a capital market instrument used by insurers to finance risk?
Choose one answer.
A. An industry loss warranty is an insurance-linked security that covers the primary insurer in the event that the industry-wide loss from a particular catastrophe exceeds a predetermined threshold.
B. Finite risk reinsurance is a type of reinsurance in which the reinsurer's liability is limited and anticipated investment income is expressly acknowledged as an underwriting component.
C. Under a catastrophe risk exchange, a bond is issued with the condition that if the issuer suffers a catastrophe greater than a specified amount, the obligation to pay interest and/or repay principal is deferred or forgiven.
D. A catastrophe risk exchange is an agreement that gives the primary insurer the right to a cash payment from investors if a specified index of catastrophe losses by geographic area reaches a specified level.
A catastrophe risk exchange is a contract that gives the primary insurer the right to cash payments from investors if a specified index of catastrophe losses by geographic area reaches a certain level. Here option D is the correct answer.
A catastrophe risk exchange is a type of insurance-linked security in which a bond is issued, and the primary insurer is granted the right to a cash payment from investors if a specified index of catastrophe losses is reached. This aptly describes the capital market instrument used by insurance companies to finance risk.
Catastrophe risk exchanges are designed to help insurers finance risk in the event of a major catastrophe, such as a hurricane or earthquake, by transferring some of the risks to investors. Industry loss warranties and finite risk reinsurance are also capital market instruments used by insurers to finance risk.
Industry loss warranties are insurance-linked securities that cover the primary insurer in the event of an industry-wide loss from a specific catastrophe, while finite risk reinsurance is a type of reinsurance in which the reinsurer's liability is limited and anticipated investment income is acknowledged as an underwriting component.
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analyze tools and our metrics that a liter or manager should use to ensure that they are aligned and working together
One tool that a leader or manager can use to ensure alignment and collaboration among their team is setting clear and concise goals. Defining specific, measurable, attainable, relevant, and time-bound (SMART) goals helps to ensure that everyone on the team is working towards the same objective.
What is the importance of SMART goals?SMART objectives, according to those who support their use, provide a clear road map for both the person setting the goal and the person evaluating their progress (e.g. employee and employer, or athlete and coach).
The person who sets the goal is said to have a clear understanding of what needs to be delivered, and the person who evaluates can then assess the outcome based on defined criteria. SMART criteria are frequently associated with Peter Drucker's concept of management by objectives.
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QUESTION 1
A CRM system works best with a single point of contact with the customer.
True
False
False. While a CRM system can benefit from having a single point of contact with the customer, it can still function effectively without one. A CRM system is designed to help businesses manage their interactions with customers across various touchpoints, so it can handle multiple points of contact with the customer.
What is the purpose of a CRM system?The purpose of a Customer Relationship Management (CRM) system is to manage and analyze interactions and relationships between a company and its customers. A CRM system helps companies keep track of customer information, communication history, and other important data points. By having a central database of customer information, a CRM system helps companies better understand customer needs and preferences, and tailor their marketing and sales efforts accordingly. The goal is to improve customer satisfaction and retention, while also increasing efficiency and profitability for the business. Ultimately, a CRM system helps companies build stronger and more profitable relationships with their customers.
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On Jan 1, 2020, a company purchased bonds at a discount for $467,684.20. The bonds have a face value of $500,000 at 8% interest. The bonds mature on Dec, 31, 2023. The market rate was 10%. Interest is paid semiannually on Jun 30 and Dec 31. The fair value of the bonds at 12/31/2020 was $450,000. The company's fiscal year ends Dec 31. Use the Available-for-sale method.
1. Record the Journal Entry for the fair-value adjustment on 12/31/2020
2, On 12/31/2021, the fair value of the bonds was $487,000. Record the Journal Entries needed for 6/30/21 and 12/31/21.
3. On 3/1/2022, the company sells the bonds for $470,100. Record the Journal Entries needed for 3/1/22.
Record the Journal Entry for the fair value adjustment on 12/31/2020
Debit: Accumulated Other Comprehensive Income $17,315.80
Debit: Accumulated Other Comprehensive Income $17,315.80 Credit: Bonds Payable $17,315.80
On 12/31/2021, the fair value of the bonds was $487,000. Record the Journal Entries needed for 6/30/21 and 12/31/21.
6/30/21:
Debit: Interest Expense $20,000
Credit: Cash $20,000
12/31/21:
12/31/21: Debit: Accumulated Other Comprehensive Income $37,000
12/31/21: Debit: Accumulated Other Comprehensive Income $37,000 Credit: Bonds Payable $37,000
On 3/1/2022, the company sells the bonds for $470,100. Record the Journal Entries needed for 3/1/22.
3/1/22:
3/1/22: Debit: Cash $470,100
3/1/22: Debit: Cash $470,100 Credit: Bonds Payable $500,000
3/1/22: Debit: Cash $470,100 Credit: Bonds Payable $500,000 Credit: Gain on Sale of Bonds $29,900
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Question 3
Which of the following is NOT true about functions?
They replace formulas completely
They are predesigned formulas that come with Excel
They expand your mathematical options considerably
They provide the ability to do complex calculations
I don't know
You answered 0 out of 2 correctly Askin
One attempt
Answer:
They replace formulas completely
Explanation:
Sometimes one needs to use a formula that there is not a function for.
explain situations where the auditor would be unlikely to use sampling techniques
Situations, where the auditor would be unlikely to use sampling techniques, are a) Where the auditor is put upon inquiry, b) Where the internal control procedures are weak and 100% audit testing is feasible and d) Where the items are unusual or extraordinary.
What is sampling?Sampling can be understood as a statistical analysis technique in which a preset number of observations are drawn from a larger population. It is used to sample from a broader population varies according to the sort of study being conducted, although, it may include simple random sampling or systematic sampling.
Sampling is used to form conclusions regarding populations based on samples, and it allows us to identify the features of a population by directly seeing only a subset of the population.
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Lord of the Fries, Inc. purchased $1,000 of supplies paying $400 and owing the rest on account. Show the effect of this transaction on the accounting equation. (Select all that apply.)a) total liabilities increase by $600
b) total assets increase by $600
c) total assets increase by $1,000
d) total liabilities decrease by $600
e) total stockholders' equity decreases by $1,000
f) total stockholders' equity decreases by $600
The effect of this transaction on the accounting equation would be:
a) Total liabilities increase by $600
b) Total assets increase by $600
The purchase of supplies for $1,000, with $400 paid in cash and the rest owed on account, would result in an increase in total assets of $600 ($400 cash + $600 supplies on account) and an increase in total liabilities of $600 (supplies owed on account). The accounting equation is Assets = Liabilities + Stockholders' Equity, so an increase in both assets and liabilities by $600 would keep the equation balanced. None of the other options apply since there is no change in stockholders' equity as a result of this transaction.
What are assets and liabilities.
Assets are economic resources owned by a company that have value and can be used to generate future revenue. Examples include cash, inventory, property, and equipment. Liabilities are obligations a company owes to others, such as debts, loans, and accounts payable. Liabilities must be paid back in the future, usually with cash or other assets.
Hence, the answer is,
a) Total liabilities increase by $600
b) Total assets increase by $600
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