Some of the operations concerned are ploughing with making decisions, sowing, irrigation, weeding and harvesting. The outputs from the device encompass vegetation, wool, dairy and hen merchandise. Farming is practiced in diverse approaches throughout the world.
Agribusiness managers execute 5 fundamental obligations of their work. These 5 obligations are: Planning Organizing Staffing Directing Controlling Task-orientated idea of control may be illustrated as a community that connects the supervisor with the goals, objectives, and effects that are favored via way of means of the organization.
Farm manufacturing consists of generating fruits, vegetables, plants, and styles of vegetation to satisfy call for agricultural merchandise for the duration of the u.s.a . and abroad. Forestry and fishing sports. Agricultural sports encompass forestry and harvesting fish in water farms or of their herbal habitat.
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What is a key principle of conscious marketing?
A marketing strategy that respects four fundamental ideas: a higher purpose, stakeholders, conscious leadership, and conscious culture.
Customer-centric conscious marketing prioritizes its clients' needs over all other considerations. To develop strong and creative marketing strategies and meet the wants of their customers, businesses do market research, examine consumer behavior, and detect buying patterns.
Businesses help their target clients make the greatest purchases that have stakeholders a big influence on their lives. With deliberate marketing, they place a greater emphasis on the preferences and needs of the customer.
1. Understanding of marketing's larger goal.
2. Considering stakeholders and how they are related.
3. The existence of intentional leadership that shapes business culture.
4. Knowledge that moral considerations influence choices.
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Which of the statements below is (are) correct regarding the accounting cycle?
a. The accounting cycle takes place anytime the general ledger accounts need adjusting.
b. The cycle contains steps for adjusting and closing accounts.
c. The accounting cycle refers to steps followed by a company to prepare its financial statements.
d. The accounting cycle contains 10 steps. The accounting cycle refers to the steps that occur within a company to approve expenses for payment.
e. The accounting cycle is a series of steps repeated each reporting period.
The correct answers are (b), (c), (d) and (e) because the accounting cycle contains ten steps mainly for adjusting the financial statements.
The statements are -
The cycle includes steps to adjust and close accounts. The accounting cycle refers to the steps a company follows in preparing financial statements. The accounting cycle contains 10 steps. An accounting cycle is a series of steps repeated each reporting period.
The accounting cycle is a thorough procedure for finding, evaluating and documenting the company's accounting cases. A typical 10-step process begins when a transaction occurs and ends when it is included in the financial statements. Due to automation, the chances of mathematical errors in the accounting cycle have now slowed down.
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When finding the present or future value of an annuity using a financial calculator, the blank______ should be entered as a percentage.
When finding the present or future value of an annuity using a financial calculator, the blank interest rate should be entered as a percentage.
An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal, or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).With the help of this financial calculator, you can determine the future value, periodic payment, interest rate, number of compounding periods, and PV. The parameters that need to be calculated are represented by each of the ensuing tabs.Thus this is the meaning of interest rate.
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assume that two athletes sign 10-year contracts that pay out a total of $100 million over the life of the contracts. one contract will pay the $100 million in equal installments over the 10 years. the other contract will pay the $100 million in installments, but the installments increase 5% per year. which athlete received the better deal?
The athlete with equal installments will get the better deal.
Contracts are defined as legal documents which are signed between two individuals or between two firms who intend to make a deal with each other regarding any money matters or matters relating to property of individuals. According to the question,
Two athletes each sign 10-year contracts for $100 million. In the first case, $100 million will be paid in 10 equal installments.
So, the person will get $100/10 = $10 million every year.
In the second case, the $100 million will be paid in 10 installments, but the installments will increase by 5 percent per year. This person will get smaller payments initially as his payments were to be increased by 5% each year, though the total value of both the annuities will remain the same.
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4.Which of the following is a good way to manage time?
a) do the least important task first
b) make a list of things to do at the beginning of each day
c) think that every job takes the same amount of time
Answer:
b) make a list of things to do at the beginning of each day
Explanation:
a) is definitely not right. You should not focus on the least important task but the most important task. That is why it is called most important and least important
c) is ridiculous; different jobs take different times
b) Making a list of things to do at the beginning of the day is the best way to manage time and tasks
between 2013 and 2014, the economy experienced a growth rate of 1.8% in real gdp per capita. if nominal gdp had increased by 4% and the population growth rate was 1%, then the annual inflation rate would be .
The complete statement is "between 2013 and 2014, the economy experienced a growth rate of 1.8% in real GDP per capita. if nominal gdp had increased by 4% and the population growth rate was 1%, then the annual inflation rate would be 1.2%"
This is further explained below.
What is nominal GDP?GDP in real terms in 2013 was $1,000.
GDP on a nominal basis in 2013 was $1,000.
GDP defletor= nominal GDP/real GDP= 1000/1000=1
Population in 2013 was equal to 100
GDP per capita GDP in 2013=1000/100=10
1.8% rise in per capita GDP=10+1.8*10/100=10+.18=10.18$
The population in 2014 was one hundred and one.
The real gross domestic product in 2014 was 101 times 10.18, which equaled 1028.18.
The nominal gross domestic product in 2014 was equal to one thousand dollars plus four times one thousand dollars divided by one hundred dollars, or one thousand forty dollars.
GDP defletor = nominal GDP/real GDP
= 1040/1028.18=1.01149.
Because the GDP deflator is an alternative method for calculating the inflation rate, a rise in the GDP deflator is equivalent to an increase in the inflation rate.
The rise in inflation is (1.01149-1)/100, which equals around 1.2% when multiplied by 100.
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CQ attached below
Summarize the document flow, or steps, in a voucher system by placing the following actions in their correct order of occurrence:
a. a purchase requisition is filled out and placed in voucher
b. a purchase order is completed and a copy is placed in voucher
c. A receiving report is completed when the order arrives and placed in voucher
d. the accounting department approves payment of the invoice and approval is placed in voucher
e. The cashier issues a check for the amount of the invoice
The document flow shows how far the sales document has been put together and creates a system transaction from a series of papers in a voucher system.
The sales document's document flow is as follows:
1. A completed purchase requisition is inserted into the voucher.
2. A completed purchase order is finished, and a copy is added to the voucher.
3. When the order is delivered, a receiving report is finished and entered into the voucher.
4. The payment of the invoice is approved by the accounting division, and the approval is noted in the voucher.
5. The cashier writes a check equal to the invoice's amount.
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how will an increase in coordinated economic and political integration between countries affect the world economy?
If there is a rise in coordinated economic and political integration across countries, the global economy will benefit and social welfare and living standards will improve everywhere.
How advantageous is economic integration for underdeveloped nations?More specifically, economic integration often results in lower trade costs, better access to and a wider variety of goods and services, as well as efficiency advantages that increase purchasing power.
Why is a global economy dependent on economic integration?Economic integration is advantageous in many ways because it enables nations to trade and specialize without interference from the government, which is advantageous for all economies. Costs are decreased as a result, and ultimately, wealth is increased.
What benefits and drawbacks does an interconnected economy offer?It is advantageous because it encourages trade harmony by removing trade barriers, greatly aiding the development of developing nations. The dependence of small countries on developed ones, however, leads to some global economic problems, such as depressed regions.
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on average, a book sells for $50. variable selling expenses are $5 per book with the remaining selling expenses being fixed. the variable administrative expenses are 4% of sales with the remainder being fixed. the contribution margin for the company's first quarter is:
Therefore the Contribution margin for the first quarter is $144,000
Calculating variable selling -
$900,000 ÷ $50 per book
= 18,000 books
Thus,
$5 per book x 18,000 books
= 90,000
Calculating Variable administrative -
4% of $900,000
= $36,000
Total Variable expenses $756,000
Contribution margin -
= 9,00,000- 7,56,000
= 1,44,000
Complete Question
Income statement for the quarter ended march 31
Sales 900,000
Cost of goods sold 630,000
Gross margin 270,000
Selling 1,00,000
Administration 1,04,000. 2,04,000
Net operating Income 66,000
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a contingency plan specifies what will be done if __________.
A contingency plan specifies what will be done if the primary plan is disrupted.
A contingency plan is a course of action created to assist an organization in effectively responding to a catastrophic crisis, event, or scenario in the future that may or may not occur.
Because it can be utilized as an alternate course of action if anticipated outcomes do not occur, a contingency plan is also known as a "Plan B" or backup plan. Risk management, catastrophe recovery, and business continuity all include contingency planning.
Technology and emergency planning The establishment of a DR plan is a related idea. Contingency is included in the standard for IT disaster recovery planning developed by the National Institute of Standards and Technology (NIST).
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During the month of September, AppGame Company wrote checks to employees totaling $8,100 for wages earned in September. Which of the following is the correct entry?
a. Debit Cash for $8,100 and credit Salaries and Wages Expense for $8,100
b. Debit Salaries and Wages Expense for $8,100 and credit Salaries and Wages Payable for $8,100
c. Debit Cash for $8,100 and credit Salaries and Wages Payable for $8,100
d. Debit Salaries and Wages Expense for $8,100 and credit Cash for $8,100
Option D. Debit salaries and Wages Expense for $8,100 and credit Cash for $8,100 is the correct answer
We will debit that account because this expense will be reported under the heading of salary and wages. Additionally, we will credit cash because salaries are a cost associated with the business terms of salaries and wages paid to the employees. Cash is a real account that operates according to the principle of debiting for receipts and crediting for payments. We will credit cash because we are currently paying staff in cash. For a nominal account like a salary, the norm is to credit any income and debit any costs and losses. Because of this, we deduct salary and wages expense.
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The TieDown Company has been an established company in the United States since 1938. It manufactures specialty fastening materials used by trucking, storage, and construction firms. It is increasingly facing competition from companies that have manufacturing facilities around the world. Many of those companies have lower production costs, allowing them to undercut TieDown’s prices to customers. Several of TieDown’s U.S. competitors have moved manufacturing facilities to other countries where wage rates are lower, whereas others have either been bought out by foreign firms or have gone out of business. TieDown’s management wants to remain in the United States and retain its loyal employees, but it has to find a way to reduce costs. Profits have been declining, and it is clear that major changes must be undertaken. After careful thought and study, the company’s executive team has developed a strategy it believes will allow TieDown to remain in its current location, become competitive once again, and return to its previous level of profitability over a period of five years.
As a part of its new strategy, the company will implement a major change in the way it produces its belts and fasteners. In the past, most production was handled by skilled machine operators who completed a three-year apprenticeship program before operating the manufacturing equipment on their own. A new computerized manufacturing process will allow the main production activities to be performed by people with fewer skills who require only a very short training period. That means the company will reduce the number of machine operators by 20 percent and will cut the pay rate for machine operators by $6 per hour. However, the company will need a number of computer programmers and computer technicians for the new equipment. Those jobs will pay $5 per hour more than the average skilled machine operator is currently making.
TieDown will encourage the current operators to switch jobs and will provide the needed training for the new computer jobs. It is expected that nearly half of the current machine operators will be able to switch jobs if they choose to do so. The rest can be employed in the new production jobs but will have to take the lower pay rate for the job. To make the change easier for those operators, TieDown will provide a one-time payment equal to one month’s wages to help them with the adjustment to the new job and pay rate.
base your questions on what you have learned in the textbook!
Think Critically ANSWER THE QUESTIONS BELOW
1.What is your opinion of TieDown’s plans for the change to the new production equipment and jobs?
2,What would you recommend that the company do, if anything, for the machine operators who are not hired for the computer positions and choose not to accept the pay reduction?
3.As the production manager, explain how you would handle the changes described to get employee support.
My opinion concerning TieDown's new production strategy to cut cost is that is will generally lead to more revenue for the company but it will demoralize its operators.
I would recommend that the company pays them a one-time payment which is equal to their three months wages or employ them in other areas of the supply chain.
As a production manager, I will introduce a productivity allowance and this will serve as an incentive to hardworking employees.
What is Productivity Allowance?Productivity allowance is a payment made as an incentive to reward hardworking employees for their contribution to company's revenue generation.
Productivity allowance is usually measured after the company must have met and exceeded its expected revenue for the financial year. Any excess money generated by the company can then be shared amongst its employees depending of their positions in the company.
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an interior decorator has moved his business from los angeles to st. paul, minnesota, because his spouse's company transferred her to st. paul. the decorator is distressed because the customers in his target market have, in his words, 'banal and bourgeois taste.' what is the decorator's problem?
The interior decorator's problem is that the decorator does not understand that customer needs are neither right nor wrong, good nor bad.
Customer needs are those needs which tends to drive and motivate a customer in order to pick and purchase a product or service. So, knowing your customers' needs can be critical in order to effectively reaching out and trying to engage with them.
So when an interior decorator moved his business from Los Angeles to St. Paul, Minnesota. Here, the decorator is distressed as the customers in his target market have, in his words, 'banal and bourgeois taste.
Hence, the decorator needs to understand that customer needs are neither right nor wrong.
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technical forecasting of exchange rates has shown to be more consistent and reliable than the other primary forecasting methods. true false
Due to its incorporation into textbooks, purchasing power parity is one of the most widely used methods for forecasting exchange rates. It examines the prices of goods in various nations.
To forecast exchange rates, the relative economic strength approach compares the economic growth rates of various nations.
Fundamentalists use expected changes in future economic fundamentals derived from modern exchange rate models for exchange rate forecasting, whereas Chartists use past movements of an exchange rate to predict its future value.
Why is it difficult to forecast the exchange rate?
Forecasts based on these "wrong" parameters can be more off base than those generated by a random walk if the coefficient values are skewed from their true values. Exchange rates are far more volatile than the economic fundamentals that are supposed to determine them, making them difficult to predict.
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Rgh enterprises is able to produce a wide line of garden tools and sells a high volume, and thus can capitalize on economies of scale and charge lower prices than its competitors. Rgh enterprises is using the ________ strategy.
Rgh Enterprise has a cost-leadership strategy. It can produce a wide variety of garden equipment and sell in huge quantities, allowing it to capitalize on economies of scale and charge lower prices than competitors.
A cost leadership strategy is built on a company's ability to lower manufacturing costs while still delivering high-quality products at reasonable prices. It is an effective strategy for huge corporations with considerable buying power, but it is not as effective for small enterprises.In business strategy, cost leadership refers to gaining a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is usually driven by characteristics such as company efficiency, size, scale, scope, and accumulated experience.A corporation that uses a cost leadership approach provides appropriate quality and characteristics to a wide variety of clients at a low cost. Super Shoes, for example, offers low-cost name-brand footwear. Little Debbie snack cakes are another example.Thus this is the meaning of cost leadership strategy.
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The celebration of key accomplishments by chest bumps and the push-up contests reflected what level of organizational culture at uber during former-ceo kalanick’s tenure?.
The celebration of key accomplishments by chest bumps and the push-up contests reflected the level of organizational culture at uber during former-ceo kalanick’s tenure known as Observable Artifacts.
What are Observable artifacts?Observable artifacts can be described as the organization's attitudes as well as the behaviors and beliefs which is very essential to the organization.
It should be noted that the artifact serves as the one that can be seen which can involves the surrounding of the organization, in the case above we can see that it focus on the chest bumps and the push-up contests and they are bee considered as the artifact.
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Which of the following best describes the relationship between cultural relativism and ethnocentrism?
a. Cultural relativism emphasizes understanding from an insider's view, and ethnocentrism judges other cultures from an outsider's view.
b. Cultural relativism ignores the differences between cultures, while ethnocentrism focuses on the differences between cultures. thnocentrism and cultural relativism both allow for an unbiased understanding of culture.
c. Ethnocentrism emphasizes understanding from an insider's view, and cultural relativism judges other cultures from an outsider's view.
Cultural relativism emphasizes understanding from an insider's view, and ethnocentrism judges other cultures from an outsider's view.
In social science and anthropology, as well as in common English, ethnocentrism refers to using one's own culture or ethnicity as a frame of reference to judge other cultures, customs, behaviors, beliefs, and people, rather than utilizing the standards of the particular culture concerned because this judgment is frequently negative, some people use the term to refer to the belief that one's culture is superior to, or more correct or normal than.
In common parlance, it can also refer to any culturally prejudiced assessment. Ethnocentrism can be evident, for example, in popular depictions of the Global South and the Global North., in popular depictions of the Global South and the Global North.
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One example of using ________ as a competitive advantage occurred when procter & gamble added a tartar-fighting ingredient from toothpaste to its dry adult pet foods.
Example of using innovation as a competitive advantage occurred when Procter & Gamble added a tartar-fighting ingredient from toothpaste to its dry adult pet foods.
What is competitive advantage?Competitive advantage is know as the way in which companies manufactures product that will give them more advantage over others companies that produces the same goods or product as theirs.
Example of competitive advantage is when company A decide to decrease or lower the price of their products because they believed that by decreasing the price more customers will be attracted to their products and they will sell more than others.
This scenario illustrate competitive advantage because the company added some ingredient in their product so as have more competitive advantage than other companies that sell similar product as theirs.
Therefore we can conclude that the company will have a competitive advantage over others.
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A decision that faithfully reflects the concerns and interests of affected parties fulfills what dimensions of quality with respect to decision making?
A decision that faithfully reflects the concerns and interests of affected parties fulfills fairness dimensions of quality with respect to decision making.
Fairness is defined in this context as a result that leaves all parties satisfied to a roughly equal extent. Fairness produces ethical behavior, which encourages even more equity. For businesses trying to shift from a production-based to a knowledge-based economy, where value generation is increasingly reliant on ideas and innovation, fairness proves to be a potent management tool. Fairness has a significant impact on attitudes and behaviors that are essential for great performance. It fosters ideas and increases trust. With it, managers may accomplish even the most painful and challenging objectives while obtaining the willing collaboration of the impacted staff.
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why would you like to be a pathmaker intern? what are three goals you hope to accomplish within our program and why? how do you plan to achieve these goals?
The reason why i would you like to be a pathmaker intern is to gain field experience in clinical environment. The three goals i hope to accomplish within our program are:
medical experienceboast my CVsave some moneyWhat is a pathmaker internship all about?The Pathmaker Internship can be described as the organization tat focus on the provision of the opportunities that can be offered to the students that are interested having experiencing in the clinical environment .
It should be noted that they focus on the training of the student right from day one to the final stage so that they can be able to perform well i the field.
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An economy’s rate of productivity growth is closely linked to the growth rate of its ______________, although the two aren’t identical.
An economy’s rate of productivity growth is closely linked to the growth rate of its GDP per capita, although the two aren’t identical.
What is the rate of productivity growth?A country's rate of productivity growth is used to define the growth in the amount of goods and services that an economy is able to produce with the same resources over time. The rate of productivity growth therefore shows how much more efficient a nation is becoming when they produce goods and services.
When a nation's rate of productivity growth, this means that more goods and services are being produced. This also means that more goods and services are being sold and therefore there is more income coming into the economy. As a result, the Gross Domestic Product Per Capita of the nation would increase. This is because the Gross Domestic Product includes the amount of production happening in a country within a period.
Options for this question include:
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the government imposes a price ceiling below the equilibrium price. the price ceiling will cause:
The amount required will exceed the quantity provided when a price ceiling is set below the equilibrium price, leading to excess demand or shortages.
Demand and supply at an equilibrium level force the balance. Prices tend to return to this equilibrium unless certain demand or supply characteristics alter. The equilibrium price will change when demand, supply, or both move or change.
The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity sought by consumers and the quantity supplied by producers are equal. For a market to be balanced at the crucial level.
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The major goal of industrialized agriculture for any crop has been to steadily increase each crop’s ____.
The main objective of industrialized agriculture has been to gradually enhance the output of each crop per unit of land.
Industrial agriculture refers to contemporary farming methods that incorporate the industrialized production of crops, livestock, and animal products like milk and eggs.
Industrial agriculture uses excessive amounts of energy, water, and industrial chemicals, which pollute the environment, available water sources, and arable land. Herbicides, pesticides, fertilizers, and animal manure are contaminating ground and surface waters at an increasing rate.
Industrial agriculture has considerably increased global agricultural output, providing a lot more food for a growing global population. Industrial agriculture has had many other detrimental consequences on human society in addition to these negative effects on the environment.
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. Which professions have external codes of ethics?
A. CFPS
B. attorneys
C. CPAS
D. restaurateurs
CPAS is an external code of ethics for professions. Ethical responsibility is the ability to recognize, interpret, and act on multiple principles and values within a specific field and/or context.
What are a CPA's ethical responsibilities?These principles include the lawyer's obligation to vigorously protect and pursue a client's legitimate interests within the confines of the law, while maintaining a professional, courteous, and civil demeanor toward all parties involved in the legal system. CPA ethics principles can be summarized as committing to working at the highest levels of technical competency (i.e., not taking shortcuts for the sake of expediency), not using or sharing personal information for private gain or to benefit another party, and supporting autonomy. Auditors have a responsibility to maintain high standards of behavior (for example, honesty and candor) in the course of their work and in their relationships, whether personal or with the staff of audited entities.To learn more about ethical responsibilities, refer to:
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Kathy is the chief marketing officer for a big law firm. after looking at the company's sales data, she recognizes that most of the cases her company represented were to clients who lived in the neighboring city. she decides she will boost advertisements in the neighboring city to increase their case numbers. what did beth determine by looking at her company's sales data?
By looking at the sales data of this company, what Beth has determined is the target market.
What is a target market?This is the term that is used to refer to the market that group of people that are in an economy that that service that is being created or the product that is to be made is for.
The target market is one that has to do with the people that are to buy the services and the goods that are being made in this economy.
This is a very important factor that has to be taken into consideration while one is creating goods in the economy.
The question says that Beth is to boost the adverts that are being done on the city that is to help in the increase in the case numbers that they have in this area.
Hence we can see that the target market is the aspect that Beth is trying to determine as she is looking at the sales data that the firm has made.
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complete question
Kathy is the chief marketing officer for a big law firm. After looking at the company's sales data, she recognizes that most of the cases her company represented were to clients who lived in the neighboring city. She decides she will boost advertisements in the neighboring city to increase their case numbers. What did Beth determine by looking at her company's sales data?
options:
1. Value proposition
2. Pricing
3. Target market
4. Revenue
Which of following decisions would a Health Savings Account (HSA) owner NOT be able to make?
a. the amount contributed by the employer
b. the amount contributed by the owner
c. the underlying account investments used
d. the medical expenses paid for by the HSA
The amount contributed by the employer would not be Health Savings Account (HSA) owner. He can decide the amount contributed by him, underlying account investments used and medical expenses paid for.
HSAs allow you to put funds from your salary pre-tax into a savings account for eligible expenses, with the interest growing tax-free.
A part of your HSA savings can also be put into a variety of investment choices. Entrants use pre-tax funds placed into an account, similar to Flexible Spending Accounts (FSA), to pay for out-of-pocket, qualified healthcare expenses. Unspent funds are portable and roll over into the following year to pay costs or earn tax-free interest. HSAs as well vary in that you may take your funds with you if you change jobs or even health insurers.
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Compare all of the functions within directory services and determine which statement accurately reflects the function of group memberships.
A.) The key provided at authentication lists a user's group memberships, which is a list of all of the resources that the user has access to on the network.
B.) The system compares group memberships with the user's logon credentials to determine if the user has access to the network resources.
C.) Group memberships contain entries for all usernames and groups that have permission to use the resource.
D.) Group memberships are like a database, where an object is similar to a record, and the attributes known about the object are similar to the fields.
The user's group membership is listed, together with a complete list of all network resources to which they have access, using a key that is given at authentication and compares all directory service functions.
Directory services offer powerful search features that enable searches on specific entry properties. The distribution of directory data across numerous servers in a network is made possible by a directory service. Unlike directories, which are specified in terms of protocols, databases are defined in terms of APIs.
The Lightweight Directory Access Protocol (LDAP), which is based on industry standards, Novell's Novell Directory Services (NDS), and Microsoft's Active Directory are the three main directory services now in use. All users whose identities were verified when they logged on are included in the Authenticated Users group.
This applies to all domain user accounts from trustworthy domains as well as local user accounts. Three common elements are utilized for authentication: a thing you are aware of (such as a password) a possession you have (such as a smart card) something that you (such as a fingerprint or other biometric method)
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what accounts are used in the following transaction, and how are they affected? bought supplies with debit card
Based on the fact that supplies were bought with a debit card, the accounts involved and how they are affected is:
Debit - Suppliers Credit - Cash How are the accounts affected?When supplies are purchased by a company, they are to be debited to the supplies account because they are considered to be assets and assets are debited when they increase.
Because a debit card was used, it means that the company used cash from its bank account. The cash account will therefore be credited to show this decrease which is what happens when assets decrease.
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suppose that brave had a total of $1,300,000,000 in assets prior to their acquisition of tangent. calculate the total assets that would be reported by brave after correctly recording their purchase of tangent.
The total assets that would be reported by brave after correctly recording their purchase of tangent is $2045
When a buyer purchases an established business, goodwill, which is an intangible asset in accounting, is created. Assets that are not individually identifiable make up goodwill. Whether or not the entity intends to do so, identifiable assets that can be separated from the entity are not included in goodwill.
The computation is as follows:
Purchase Consideration = $ 900
Less: Fair value of Net Assets
Fair Value of Assets:
Inventory = $15
Intangible Assets = $200
Property, Plant & Equipment = $20
Total = $235
Fair Value of Liabilities
Current Liabilities = $5
Notes Payable = $20
Total = 235 - 25 = $210
Goodwill (Purchase Consideration-Fair Value of Net Assets) $690
2. Computation of Total Assets after the acquisition
Assets Prior to Acquisition = $1300
Assets acquired in business acquisition:
Inventory = $15
Intangible Assets (Other Than Goodwill) = $20
Goodwill (Computed in Answer 1) = $690
Property, Plant & Equipment = $20
Total Assets = $2045
Therefore, the total assets that courageous would disclose after accurately accounting for their acquisition of Tangent is $2045.
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COMPLETE QUESTION:
The following information applies to the questions displayed below.] Assume that Brave Pharmaceuticals acquired Tangent Therapeutics at the end of 2017. This acquisition was accomplished by paying a total of $900,000,000 in cash to acquire all 10 million shares of Tangent's outstanding common stock from Tangent's shareholders. This purchase price of $90 per share represented a 40% premium over Tangents share price immediately prior to the acquisition. Below is information on the fair market value (at the time of the acquisition) and historical cost (as listed on Tangent's pre-acquisition balance sheet) for all of the separately identifiable assets and liabilities acquired from Tangent: Account Name Fair Market Value Historical Cost (on Tangents Pre-Acquisition Balance Sheet) Inventory Intangible Assets Property, Plant, and Equipment Current Liabilities Notes Payable 15,000,000 S 200,000,000 $20,000,000 $5,000,000 $ 20,000,000 $10,000,000 $0 $10,000,000 $5,000,000 $20,000,000
all of the following are advantages of which business organization? limited liability - continuity - greater likelihood of professional management - easier access to money
All of the following are the advantages of a corporation.
A company is a different legal body from the people who own it, the shareholders who contribute by purchasing stock shares. A Board of Directors, chosen by the shareholders, oversees corporations. Benefits include infinite life for the corporation, restricted liability, and easier access to finance.
Interestingly, even though not every firm is a corporation, all corporations are nevertheless regarded as companies. There are several distinct company structure options, and each has pros and cons for both corporate operations and taxation.
In the United States, there are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
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