The number of units that must be in the ending inventory is 17,140 units if the beginning inventory was 18,241 units, 33,596 units were started, and 34,697 units were completed and transferred out.
How to find the ending inventory: The formula to find the ending inventory is: Ending inventory = Beginning inventory + Purchases − Cost of goods sold Substitute the given values in the formula. Ending inventory = 18,241 + 33,596 − 34,697= 17,140 units, Therefore, the number of units that must be in the ending inventory is 17,140 units
Now, let's solve the second problem.The formula to find the cost of goods sold (COGS) is:Cost of goods sold = Beginning inventory + Purchases - Ending inventorySubstitute the given values in the formula.$2,042 = BI + $3,156 - $2,677$2,042 + $2,677 = $3,156 + BI$4,719 = BI + $3,156BI = $1,563Therefore, the beginning inventory was $1,563 if the ending inventory was $2,677 and Logo Gear purchased $3,156 worth of merchandise during the month.
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suppose domestic demand is and domestic supply is . the world price is $2, and the import tariff is $3 per unit.
In this scenario, it is important to clarify the missing information regarding domestic demand and domestic supply.
Without knowing the specific quantities, it is difficult to provide a comprehensive analysis. However, we can discuss the general implications of the given information.
The import tariff serves as a barrier to entry for foreign suppliers, making imported goods more expensive for domestic consumers. It incentivizes domestic production by providing a price advantage to domestic suppliers. The aim is to protect domestic industries and maintain domestic employment.
To fully analyze the impact of this import tariff, we would need information on domestic demand and supply. This would allow us to assess the specific effects on consumer prices, domestic production, and the overall welfare implications for the economy.
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Can’t attach the table
Consider the following inverse demand and inverse supply curves representing the market for apartments where p represents the rental price of an apartment unit, Qd represents the total number of apartment units demanded and Qs the total number of apartment units supplied in 1000s of units. Inverse Demand Curve:
P=810-QD
Inverse Supply Curve:
P = 700 + 25Q.
Question 6. Compute the equilibrium price, p
O p*=668.77
O p 698.63
O p*-805.77
O p*=768.77
The equilibrium price in the market for apartments is p* = 698.63.
In order to find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied. Using the inverse demand and supply curves provided, we can equate the equations:
810 - Qd = 700 + 25Qs
To solve for the equilibrium price, we need to find the values of Qd and Qs that satisfy this equation. First, we need to convert the inverse demand and supply curves to their respective quantity equations:
Qd = 810 - P
Qs = (P - 700) / 25
Substituting these equations into the equilibrium condition, we get:
810 - (810 - P) = 700 + 25((P - 700) / 25)
Simplifying the equation, we have:= 698.63
Therefore, the equilibrium price in the market for apartments is p* = 698.63.
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he Correct And Complete Sequence Of Steps In Conducting Research Is As Follows: 1. Identify Broad Area, 2. Select Topic, 3. Decide Approach,
Question 1: The correct and complete sequence of steps in conducting research is as follows:
1. Identify broad area,
2. Select topic,
3. Decide approach,
4. Formulate plan,
5. Collect information,
6. Analyze data,
7. Present findings.
- you should find two papers in accounting field and determine for each paper the steps described above.
Paper 1
Paper 2
1.The broad area of the paper
2.The topic
3.Approach used
4.Data source
5. Data analysis
6.Findings
Question 2: Write a description of the research problem you propose to investigate and explain why you chose this topic?
I want a clear and tidy solution, I don't want handwriting
A Salary Slip for the month of May 2022 is to be created with the given information and using MS Excel or MS Word.
What does it have?It includes details such as employee name, employee number, designation, department, date of payment, and so on. Here are the steps to create a salary slip for the given details in MS Excel/MS Word:
Step 1: Enter the company name, address, and logo at the top of the document.
Step 2: Underneath the company information, add employee details such as the employee's name, designation, employee number, and department.
Step 3: Create a table with columns such as 'Earnings' and 'Deductions'.
Step 4: In the 'Earnings' column, add the following details :Basic Pay = 50% of CTC = (50/100)*1800000 = Rs. 900000House Rent Allowance (HRA) = 20% of Basic Pay = (20/100)*900000 = Rs. 180000Dearness Allowance (DA) = 12% of Basic Pay = (12/100)*900000 = Rs. 108000Travel Allowance = Rs. 2000Incentive = 75% of .
Target Completion = (75/100)*Basic Pay = (75/100)*900000 = Rs. 675000PF = 12% of Basic Pay = (12/100)*900000 = Rs. 108000Earned Leaves = 2 days
Step 5: In the 'Deductions' column, add the following details:Insurance = Rs. 2500LOP = 4 daysPF = Rs. 108000.
Step 6: Add the total earnings and total deductions at the bottom of the table.
Step 7: Deduct the total deductions from the total earnings to arrive at the net pay.
Step 8: Include the date of payment and authorized signatory at the bottom of the document. The salary slip for the month of May 2022 is ready.
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Which of the following statement is true:
Group of answer choices
None of the other answers is correct.
In general, the burden of the tax falls on the more elastic side of the market.
Since the subsidy increases both consumer surplus and producer surplus, subsidy does not create any deadweight loss.
There can never be price ceiling and price floor that are simultaneously binding in the same market.
The economic incidence of the tax depends on who must legally pay the tax.
The true statement among the given options is: The economic incidence of the tax depends on who must legally pay the tax.
The economic incidence of a tax refers to the true party that ends up paying the tax, whether it's the buyer or the seller. Even if the tax is legally levied on one party, that party may pass on some or all of the cost to the other party. It all depends on the relative elasticity of demand and supply.
In general, when the demand is more inelastic than the supply, the burden of the tax falls on the buyer; when the supply is more inelastic than the demand, the burden of the tax falls on the seller. The reason for this is that when a tax is imposed on the market, the price of the good will rise, which will reduce the quantity demanded by buyers and/or quantity supplied by sellers.
As a result, either the buyers or sellers, depending on who is more affected by the change in price, will bear the burden of the tax. When the market demand is more elastic than the market supply, the economic incidence of the tax falls on the sellers; when the market supply is more elastic than the market demand, the economic incidence of the tax falls on the buyers.
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The Construction of Western Sydney International (Nancy-Bird Walton) Airport is underway and on track to begin operations in 2026. Airports have increasing pressure in becoming more sustainable and environmentally friendly. The Climate Change and the Paris Climate Change Convention have driven the aviation industry to protect the environment.
Propose measures that Sydney Western Airport could implement to ensure that it becomes one of the most sustainable and environmental-friendly airports in the world when it opens.
These measures focus on reducing carbon emissions, promoting energy efficiency, adopting renewable energy sources, implementing waste management strategies, and prioritizing sustainable transportation options.
To reduce carbon emissions, the airport can invest in eco-friendly infrastructure and technologies, such as energy-efficient buildings, low-emission vehicles for ground transportation, and sustainable aircraft ground support equipment. Implementing energy-saving initiatives, such as LED lighting and smart energy management systems, can enhance energy efficiency and minimize environmental impact.
Adopting renewable energy sources, such as solar panels or wind turbines, can help the airport generate clean energy and reduce reliance on fossil fuels. Implementing effective waste management strategies, including recycling programs and waste reduction initiatives, can minimize landfill waste and promote a circular economy within the airport.
Additionally, the airport can encourage the use of sustainable transportation options for passengers and staff, such as promoting public transportation, installing electric vehicle charging stations, and implementing bike-sharing programs. Moreover, incorporating green spaces and utilizing sustainable landscaping practices can enhance biodiversity and contribute to a healthier environment.
By implementing these measures, Western Sydney International Airport can position itself as a leader in sustainability and environmental stewardship within the aviation industry, setting an example for other airports worldwide and contributing to a greener future.
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Peter is a sole trader which sells second-hand mobile phones with a business name of Allphones. The revenue of the business has increased from $200,000 p.a. in the first year to $3m in the second year. He now approaches you to get your advice in relation to the legal structure of his business. He wants to retain control of his business and is considering setting up a company to further expand his business. Required: Advice Peter about the best legal structure for his business.
Is sole trader or a company an appropriate business structure in his circumstances?
Considering Peter's desire to retain control and expand his business, setting up a company may be a more suitable option.
How to determine the best business structureIt would provide limited liability protection, facilitate potential future growth, and allow for the involvement of external investors.
However, it is important for Peter to consult with legal and financial professionals to understand the specific legal requirements and implications of incorporating a company in his jurisdiction, and assess whether it aligns with his long-term business objectives.
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Welfare effects of a tariff in a small country Suppose Venezuela is open to free trade in the world market for soybeans. Because of Venezuela's small size, the demand for and supply of soybeans in Venezuela do not affect the world price. The following graph shows the domestic soybeans market in venezuela. The world price of soybeans is Pw = $400 per ton. On the following graph, use the green triangle (triangle symbols) to shade the area representing consumer surplus (CS) when the economy is at the free-trade equilibrium. Then, use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS). 680 Domestic Demand Domestic Supply 640 CS 600 560 530 PS 480 440 400 300 320 280 0 15 30 45 GO 175 90 200 120 335 10 QUANTITY (Tons of soybears) if venezuela allows International trade in the market for soybeans, it will import tons of soybeans. Now suppose the Venezuelan government decides to impose a tanff of $40 on sach imported ton of soybears. After the tant, the price Venezuelan PRICE(Dollars par Show the effects of the $40 tariff on the following graph. Use the black Itne (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to show the consumer surple with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DWL) caused by the tariff. 680 Domestic Darmand Domestic Supply 640 World Price Plus Tarif 600 560 520 CS 480 PRICE (Dollars par ton 440 400 360 320 200 0 15 76 50 106 QUANTITY (Tons of soybeans) 30 45 60 120 125 150 PS Government Revenue DWL
Use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DWL) caused by the tariff.
A tariff is a tax on goods imported into a country that increases the price paid by domestic consumers. The following graph illustrates the domestic soybean market in Venezuela. The world price of soybeans is $400 per ton. On the given graph, to shade the region representing consumer surplus (CS), use the green triangle (triangle symbols) when the economy is at the free-trade equilibrium. Then use the purple triangle (diamond symbols) to shade the area representing producer surplus (PS). It can be seen that the world price is $400/ton. At this price, the domestic quantity demanded is 680 tons, and the domestic quantity supplied is 175 tons.
Therefore, Venezuela will import 505 tons of soybeans, which is equal to the difference between demand and supply. At the free-trade equilibrium, consumer surplus (CS) is equal to the area of the green triangle, which is $14,440, and producer surplus (PS) is equal to the area of the purple triangle, which is $5,050. The sum of consumer and producer surplus is the total welfare gained, which is equal to $19,490.With a tariff of $40 per ton on imported soybeans, the price received by the supplier increases by $40, and the price paid by consumers rises to $400 + $40 = $440 per ton. The quantity demanded will drop to 530 tons, and the quantity supplied will increase to 335 tons, which is equal to the sum of domestic supply and imports before the tariff. After the tariff, Venezuela will import 195 tons, which is equal to the difference between demand and supply. Consumer surplus will decrease to $4,400, while producer surplus will increase to $7,840.
The following graph shows the effects of the $40 tariff on the given graph. Use the black line (plus symbol) to indicate the world price plus the tariff. Then, use the green points (triangle symbols) to show the consumer surplus with the tariff and the purple triangle (diamond symbols) to show the producer surplus with the tariff. Lastly, use the orange quadrilateral (square symbols) to shade the area representing government revenue received from the tariff and the tan points (rectangle symbols) to shade the areas representing deadweight loss (DWL) caused by the tariff.
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. Which of the following statements is TRUE? (A) Official inflation data are often reliable. B It is truly wonderful to simp! It's a vibe. (C) The CPI includes producer goods. (D) The GDP deflator can be used to measure inflation.
The statement that is TRUE among the following is that the GDP deflator can be used to measure inflation.
Inflation is an increase in the price of goods and services in a country over a certain period of time. The Consumer Price Index (CPI) and the Gross Domestic Product (GDP) deflator are two commonly used indicators to measure inflation in an economy.The CPI is a measure of the changes in prices of a basket of goods and services that an average household consumes. The basket includes consumer goods and services that are bought for personal use. The CPI is calculated by taking the price of each item in the basket and multiplying it by its weight, which is the proportion of total expenditure on the item. The CPI is often used as an indicator of the cost of living in a country.The GDP deflator is a measure of the changes in prices of all goods and services produced within a country, including those used in the production process. The GDP deflator is calculated by taking the nominal GDP (the value of all goods and services produced in a country at current prices) and dividing it by the real GDP (the value of all goods and services produced in a country at constant prices). The resulting figure is then multiplied by 100. The GDP deflator is often used as an indicator of the inflation rate in an economy.The statement that is TRUE among the following is that the GDP deflator can be used to measure inflation.
The CPI includes consumer goods and services that are bought for personal use and the GDP deflator is a measure of the changes in prices of all goods and services produced within a country. The GDP deflator can be used as an indicator of the inflation rate in an economy and the statement that is TRUE among the following is that the GDP deflator can be used to measure inflation.
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The other day, a progressive policy analyst came on CNN and during the very same interview discussing the U.S. labor market claimed that the minimum wage has a negligible effect on unemployment of the unskilled and also that higher rates of immigration of unskilled laborers has a negligible effect on the wage rate of native born unskilled workers.
A) How could you validate these claims empirically? Describe what relationship you would want to estimate and what are your dependent and independent variables?
Rates of employment and unemployment can be compared in states that have implemented minimum wage increases to those that have not.
To validate these claims empirically, researchers would design an experiment and collect data. Researchers would then run regression analyses to determine the relationship between the variables. To estimate the relationship between minimum wage and unemployment of the unskilled, the dependent variable would be unemployment of the unskilled, and the independent variable would be the minimum wage. Researchers would look for a correlation between these two variables to see if there is a significant relationship. They could also compare employment and unemployment rates in states that have implemented minimum wage increases to those that have not.
To estimate the relationship between immigration of unskilled laborers and the wage rate of native-born unskilled workers, the dependent variable would be the wage rate of native-born unskilled workers, and the independent variable would be immigration of unskilled laborers. Researchers would look for a correlation between these two variables to see if there is a significant relationship. They could also compare wage rates in states or areas with higher rates of immigration to those with lower rates of immigration.
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A. Explain the following based on Organizational Behaviour: 1. Personality and Attitude 2. Core Self-Concept 3. Self-esteem and Self-Monitoring 4. Attribution Biases 5. Recency and Contrast Effect
Organizational Behavior concepts explore individual characteristics, self-perception, cognitive biases, and the impact of recent information on perception.
Personality and attitude are important aspects of Organizational Behaviour. Personality refers to an individual's unique pattern of thoughts, emotions, and behaviors that persist over time. Attitude, on the other hand, refers to an individual's positive or negative evaluation of people, objects, or situations. Both personality and attitude influence an individual's behavior in the workplace, affecting job performance, motivation, and interpersonal relationships.
Core self-concept refers to an individual's fundamental beliefs and perceptions about themselves. It encompasses self-awareness, self-esteem, and self-efficacy. Core self-concept influences an individual's behavior, choices, and interactions in the workplace. It shapes their level of confidence, resilience, and motivation, ultimately impacting their job performance and satisfaction.
Self-esteem and self-monitoring are related concepts in Organizational Behavior. Self-esteem refers to an individual's evaluation of their self-worth and overall self-image. It affects an individual's confidence, decision-making, and reactions to feedback or criticism. Self-monitoring, on the other hand, refers to an individual's ability to adapt their behavior to different situations and social cues. It reflects the extent to which individuals are attuned to and regulate their self-presentation in various contexts.
Attribution biases are cognitive biases that influence how individuals explain the causes of behavior. Examples of attribution biases include the fundamental attribution error (attributing others' behavior to internal factors rather than external circumstances) and self-serving bias (attributing one's successes to internal factors and failures to external factors). These biases can impact interpersonal relationships, performance evaluations, and decision-making in the workplace.
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NEED ASAP PLEASE
Book value versus market value components Compare Trout, Inc. with Saimon Enterprises, using the balance sheet of Trout and the market data of Salmon for the weights in the weighted average cost of ca
The book value and market value are two different components used in financial analysis. Book value represents the value of assets and liabilities as reported on the balance sheet, while market value reflects the current market price of a company's securities. Comparing Trout, Inc. with Saimon Enterprises would involve analyzing Trout's balance sheet and using Saimon's market data to calculate the weighted average cost of capital (WACC). The WACC considers both the book value and market value components to determine the cost of financing for a company.
The book value is derived from a company's balance sheet and represents the historical cost of assets and liabilities. It includes tangible assets like buildings and equipment, as well as intangible assets like patents and trademarks. Book value is useful for determining a company's net worth or shareholder's equity.
In contrast, market value represents the current market price of a company's securities, such as stocks and bonds. It is influenced by various factors, including supply and demand, investor sentiment, and market conditions. Market value is a more dynamic measure that reflects the perceived value of a company by investors.
When comparing Trout, Inc. with Saimon Enterprises, the analysis would involve using Trout's balance sheet information and incorporating Saimon's market data. The weighted average cost of capital (WACC) is a financial metric that takes into account both the book value and market value components. It considers the cost of debt and the cost of equity, weighted by their respective proportions in the company's capital structure. By incorporating market value, the WACC reflects the overall cost of financing for a company and provides insight into its investment attractiveness and capital allocation decisions.
In summary, the comparison between Trout, Inc. and Saimon Enterprises would involve analyzing Trout's balance sheet and incorporating Saimon's market data to calculate the weighted average cost of capital (WACC). The WACC considers both the book value and market value components, providing a comprehensive measure of a company's cost of financing and investment attractiveness.
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In alphabetical order below are the balance sheet items for Pharoah Company on December 31, 2022.
Accounts payable $65,000
Accounts receivable 79,000
Cash 18,500
Common stock 16,500
Retained earnings 16,000
Prepare a balance sheet.
Pharoah Company's balance sheet as of December 31, 2022 includes assets of $97,500 (including cash and accounts receivable) and liabilities and equity of $97,500 (including accounts payable, common stock, and retained earnings).
Pharoah Company
Balance Sheet
As of December 31, 2022
Assets:
Cash $18,500
Accounts receivable $79,000
Total Assets $97,500
Liabilities and Equity:
Accounts payable $65,000
Total Liabilities $65,000
Equity:
Common stock $16,500
Retained earnings $16,000
Total Equity $32,500
Total Liabilities and Equity $97,500
Note: The balance sheet lists assets on one side and liabilities and equity on the other side. The total assets must equal the total liabilities and equity for the balance sheet to balance.
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Given the following data: Ę₁ = ¥105 = $1.00 Et+1=Y85 = $1.00 (one year later) Japan = 15% annually ius = 5% annually Calculate the future value of a $1,000 investment. If the $1000 is invested in the U.S., the future value is $ (Round your response to two decimal places
The future value of a $1,000 investment in the U.S. is $1,050. To calculate the future value of a $1,000 investment in the U.S., we can use the formula for compound interest:
FV = PV * (1 + r)^n
Where:
FV = Future Value
PV = Present Value (initial investment)
r = Interest rate
n = Number of compounding periods
From the given data, we have:
PV = $1,000
r = 5% (0.05 as a decimal)
Since the investment is for one year, n = 1.
Plugging in the values into the formula:
FV = $1,000 * (1 + 0.05)^1
FV = $1,000 * 1.05
FV = $1,050
Therefore, the future value of a $1,000 investment in the U.S. is $1,050.
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which one of the following statements is correct?multiple choice- short term securities tend to have a high degree of interest rate risk, -the money market refers to the securities that mature in one year or less, -two primary reasons why a company holds cash are seasonal fluctuations and short term investments, -corporations are not permitted to invest in money, market mutual funds but can invest in bank money market acccounts, -banks are prohobited from investing cash surpluses on behalf of the customers, on a short term basis.
The correct statement among the given options is: The money market refers to the securities that mature in one year or less. A money market refers to a financial marketplace for borrowing and lending of short-term funds, typically with maturities ranging from overnight to just under one year.
Participants in the money market are institutions, governments, and corporations that lend or borrow money for a short time. The money market is where monetary policy decisions are implemented to stabilize or improve an economy. Furthermore, the money market is a form of lending that enables businesses to obtain funding for operating activities or to meet short-term financial obligations. For investors, the money market is an alternative to savings accounts because the investment is often at a higher interest rate. Money market investments are generally short-term, usually ranging from overnight to just under one year. The assets traded in the money market include Treasury bills, commercial paper, municipal notes, certificates of deposit, and federal funds, among others.
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What are some factors that influence ethical behavior for the salesperson?
Ethical behavior refers to the moral principles that govern a person's or an organization's behavior. The sales profession is one that requires ethical behavior to be successful and maintain the trust of clients.
1. Compensation plan:Salespeople are often compensated with commissions and bonuses. This means that they are motivated to make sales. However, this may lead to unethical behavior such as misrepresentation of products or services to customers to increase sales.
2. Company culture: The company culture can also influence ethical behavior. If a company values honesty and transparency, salespeople are more likely to behave ethically. If the company values making sales at any cost, salespeople may engage in unethical behavior to meet their targets.
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Consumers are most likely to remain anonymous through which survey method?
a. e-mail surveys
b. telephone surveys
c. mail surveys
d. personal-interview surveys
e. mall-intercept surveys
The survey method that enables consumers to remain anonymous is mail surveys. Therefore, the correct option is option C .
A survey is a research method that involves gathering information from people through the use of a set of pre-determined questions. The main objective of a survey is to collect quantitative data or qualitative data from the target audience.
Mail surveys are a method of collecting data from a group of people using a set of pre-determined questions. This method of collecting data is the best option when you need to reach a large number of people, and the cost of collecting the data is a significant consideration. Mail surveys are the best way for people to remain anonymous when giving their opinions. Respondents can complete the survey in their own time, and they do not have to reveal their identities. Furthermore, mail surveys reduce the chances of interviewer bias or the respondent feeling uncomfortable. Therefore option (C) is the correct answer.
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15. If the interest rate on a Real Return Bond is 8 percent and the interest rate on a Canada bond of similar maturity is 5 percent then the expected rate of inflation is equal to A) -3 percent B) 7 percent C) 3 percent D) 2 percent
Real Return Bond (RRB) and Canada bonds are some of the fixed-income securities issued by the Canadian government. These bonds differ from each other in how their returns are determined.
RRBs offer investors a guaranteed rate of return, adjusted for the rate of inflation. While Canada bonds only offer a fixed rate of interest that does not change even if inflation increases. The rate of inflation is the increase in the general price level of goods and services over a period of time. The expected rate of inflation can be calculated as the difference between the interest rate on a Real Return Bond and a Canada bond of similar maturity. In contrast, a low-interest rate on a Canada bond means that the bond is not inflation-protected, so the investor will receive a lower rate of return if inflation increases.
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Do you agree with the Reeves v. Ernest & Young court that the Family Resemblance test and the Investment versus Commercial tests are really two ways of formulating the same general approach? Explain.
I agree with the Reeves v. Ernest & Young court that the Family Resemblance test and the Investment versus Commercial tests are really two ways of formulating the same general approach. Both tests seek to determine whether a particular asset is eligible for trade secret protection by examining a range of factors that help to determine
, I agree with the Reeves v. Ernest & Young court that the Family Resemblance test and the Investment versus Commercial tests are really two ways of formulating the same general approach. Both tests are essentially aimed at determining whether a particular asset is eligible for trade secret protection or not.The Family Resemblance test was first developed in the German Supreme Court’s 1976 landmark decision known as the "Fleischmann case." It recognizes that trade secrets can take many forms, and that there is no one-size-fits-all approach to determining whether a particular asset is eligible for trade secret protection. Rather, courts should examine a range of factors that, when taken together, can help determine whether an asset is a trade secret or not.The Investment versus Commercial test, on the other hand, is a more recent development. It was first articulated in the 1987 case of Bonito Boats, Inc. v. Thunder Craft Boats, Inc. The Investment versus Commercial test examines whether the owner of a particular asset has invested time, money, and other resources into developing it, and whether it derives economic value from keeping the asset secret.In the Reeves v. Ernest & Young court decision, the court concluded that both the Family Resemblance test and the Investment versus Commercial test are based on the same general approach, and that they can be used interchangeably depending on the facts of the case at hand. The court further clarified that the ultimate goal of both tests is to determine whether a particular asset is truly confidential, and whether the owner of that asset has taken reasonable steps to maintain its secrecy
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Prepare a production cost schedule for the Assembly Department at the end of September using the weighted average method of process costing. b) Prepare the necessary journal entries. (3 marks) Required: (9 marks) K a) Prepare a production cost schedule for the Assembly Department at the end of September using the weighted average method of process costing. b) Prepare the necessary journal entries. (3 marks) Bahrain Company makes snow blowers. It has two departments that process all products: Assembly and Testing. The following data pertain to the Assembly department Direct materials are added at the beginning of the process and conversion costs are uniformly incurred. The degree of completion of conversion cost is as follows: At the beginning of September, work in process is 40% complete and at the end of the month work in process is 60% complete. Other data for the mouth include: Beginning work-in-process inventory 6,400 units 8,000 unit Units started Units completed 12,800 units Ending work-in-process inventory 7 Conversion costs for September $800,000 Direct materials cost September $1,040,000 Beginning work-in-process costs Activate Windows 5616.000 Materials Go to Station Windes 5328,320 Conversion CANIVETSINI Required: a) Prepare a production cost schedule for the Assembly Department at the end of September using the weighted average method of process costing
Calculation of Production Cost Schedule for the Assembly Department at the end of September using the Weighted Average method of Process Costing.
Necessary journal entries are as follows:
Materials Journal Entry:ParticularsDebitCreditWork-in-process Control A/c Dr$1,040,000Materials A/cDr$1,040,000(Being direct materials added in the Assembly department)
Conversion Journal Entry:ParticularsDebitCreditWork-in-process Control A/c Dr$684,800Conversion Costs A/cDr$684,800(Being the conversion cost incurred in the Assembly department)
Transferred-In Journal Entry:ParticularsDebitCreditWork-in-process Control A/cDr$4,302,400Finished Goods Control A/cDr$1,580,400(Being the completed units transferred from the Assembly department to the Testing department)
WIP Journal Entry:ParticularsDebitCreditWork-in-process Control A/c Dr$4,986,000Finished Goods Control A/cDr$1,580,400Assembly Overhead Control A/cDr$225,400(Being the total cost in the work in progress inventory at the end of September)Hence, the production cost schedule and necessary journal entries are provided above.
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When a floor manager empowers this team members, his power:
a. multiplies in direct proportion to the number of people receiving a power share.
b. increases.
c. remains approximately the same.
d. decreases.
When a floor manager empowers his team members, his power "increases", hence option b is correct.
To empower someone means to give them the power, authority, or confidence to do something, this process is known as empowerment. In a workplace context, this means allowing employees to make decisions, take ownership of tasks, and work autonomously to achieve team goals. A floor manager, or floor supervisor, is responsible for overseeing the day-to-day operations of a specific area of a business, such as a department or floor. Part of their role is to empower team members to work independently and collaboratively to achieve their goals. By empowering team members, a floor manager can create a more efficient and effective team. This can lead to higher morale, increased productivity, and better results for the business as a whole. Additionally, when team members feel empowered, they are more likely to take ownership of their work and be more invested in the success of the team and the business as a whole.Therefore, when a floor manager empowers his team members, his power increases.
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1. The _____ system requires income tax be paid as the income is earned.
Answer:
A. wage-bracket
B. percentage method
C. mandatory deduction
D. pay-as-you-go
1. The **pay-as-you-go** system requires income tax to be paid as the income is earned.
Explanation: The pay-as-you-go system, also known as a withholding tax system, requires individuals to pay income taxes throughout the year as they earn income. It is a method of collecting taxes in which employers withhold a portion of employees' wages or salary and remit it to the government on their behalf. This system ensures that taxes are paid regularly and avoids a large tax burden at the end of the year. Therefore, the correct answer is D. pay-as-you-go.
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Covid-19 has created a volatile operating environment for all companies and one major concern is the impact on asset values. Companies will need to carefully consider the impairment of their assets and will need to make key judgements and sensitivity of assumptions regarding their recoverable amount calculations.
Required: Briefly discuss the impact of Covid-19 on any two aspects of the impairment testing on intangibles. Please ensure that your discussion is relevant to the assets specified. (5 Marks)
The SARS-CoV-2 virus, which causes Covid-19, is a highly contagious respiratory infection also known as the coronavirus sickness of 2019. A global pandemic resulted from it after it was initially discovered in Wuhan, China, in December 2019.
The impact of Covid-19 on the impairment testing of intangibles is as follows:
1. Future cash flows of the asset When a company purchases intangible assets, it expects to earn a certain amount of future cash flows from them. The outbreak of Covid-19 and the ensuing pandemic, on the other hand, have had a negative impact on the economy as a whole. As a result, firms are required to re-evaluate their estimates of the future cash flows to be earned from such assets.
The management of the company will have to take an educated guess as to how long the negative impact of Covid-19 will last. They must also decide if the intangible asset will retain its marketability in the future. The company should investigate whether the asset's cash-generating capabilities have been influenced by any governmental or legal actions.
2. Determination of fair value There are different ways to determine the fair value of intangible assets. One of the most popular approaches is the "income approach," which considers the asset's future cash flows to be earned. The Covid-19 epidemic has made it difficult for businesses to make predictions about the future. As a result, the management must exercise extreme caution when assessing the value of intangible assets. This implies that any analysis must be based on current conditions since the pandemic's impact on the economy and the company's future earnings is unknown.
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A, true or false Self-regulated people are able to create an environment of trust and fairness, where political behavior and infighting are sharply reduced and productivity tends to be high.
True, Self-regulated people are able to create an environment of trust and fairness, where political behavior and infighting are sharply reduced and productivity tends to be high.
Self-regulation is a form of behavior that allows people to adjust their behavior, emotions, and ideas to meet the demands of a situation. A person who has good self-regulation skills can avoid distracting ideas and emotions and remain concentrated on the goal or task at hand. Self-regulation is useful not just in achieving personal goals, but also in social circumstances. When dealing with others, individuals who are self-regulated can reduce conflict and encourage cooperation. They're usually more responsive to others' perspectives, better at controlling their own emotions, and better at keeping promises. They can create an environment of trust and fairness by doing so. Trust is created when individuals believe that their interactions with others are predictable and just. Self-regulated people can establish trust by avoiding deceptive conduct, keeping their promises, and acting with fairness toward others. They can reduce political behavior and infighting by doing so. Political behavior is defined as behavior that is motivated by personal ambition rather than the public good. Infighting is described as internal struggles within an organization. Both political behavior and infighting can be reduced when people trust one another and act fairly. Productivity tends to be high, as people can concentrate on their work when there is trust, fairness, and reduced infighting. Therefore, it can be concluded that Self-regulated people are able to create an environment of trust and fairness, where political behavior and infighting are sharply reduced and productivity tends to be high.
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Grants received by a healthcare organization are considered
Unrestricted Funds. CH 15 (3)
True B. False
Grants received by a healthcare organization are considered unrestricted funds.
The grants received by a healthcare organization are considered unrestricted funds. This statement is true. An unrestricted fund is a type of fund that has no restrictions on how it can be used. This fund is used for a variety of purposes, including operational expenses, capital expenditures, and other expenses that support the organization's mission. The healthcare organization can use the unrestricted funds it receives from the grants to meet its various financial requirements. The healthcare organization's responsibility is to use the grant money wisely and in a manner that supports its mission. Healthcare organizations, on the other hand, have unrestricted funds that can be used for a variety of purposes that are not restricted by the organization providing the funds. For example, if the healthcare organization receives a grant that is unrestricted, it can use the money to support the mission of the organization and meet its financial requirements. An unrestricted grant is one that does not have any limitations or restrictions on how the money can be used. Therefore, grants received by a healthcare organization are considered unrestricted funds.
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in the receptive instructions program, generally the first step should be:
In the receptive instructions program, generally the first step should be: In the receptive instructions program, the first step should generally involve utilizing receptive skills to enhance learning, Showing the object or picture of the thing or concept the student is going to learn about. The teacher should always have the main answer in mind as she presents the concept to the students, and she should use language that is appropriate for the student's level of understanding and which will encourage the student to learn more about the concept.
An appropriate way to present an object or concept in the receptive instructions program is to use simple language that the student can understand. This means avoiding complex vocabulary or confusing words. In addition, it is important to use examples and illustrations that are familiar to the student, so that the student can more easily connect with the new concept.
The above explanation gives the answer to the given question, "in the receptive instructions program, generally the first step should be". The main answer to the question is that showing the object or picture of the thing or concept the student is going to learn about is generally the first step in the receptive instructions program.
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May 16, 2019 business paid $5,000 to the contractors for help to complete the Project#1 2) May 16, 2019 business confirm $2,200 materials already been used for project#1 3) May 17, 2019 business complete the basement design service project #2 $7,800 for the customer. The mo uture (4) May 18, 2019 business owner withdrew $2,000 cash from the business bank acc 15) May 28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill $850 for the electricity and energy used during the month, paid in ca 17) May31, 2019 business found only $400 supplies left over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tena 19) May31, 2019 Business need to record the used-up part of the equipment. 20) May31, 2019 business need to record the used-up part of the truck 21) May31, 2019 business recorded the May interest expense of the above truck loan Please use the in-class example as reference to make financial reports for the above May, 2019 transac 1) May 16, 2019 business paid $5,000 to the contractors for help to complete the Project#1 2) May 16, 2019 business confirm $2,200 materials already been used for project#1 3) May 17, 2019 business complete the basement design service project #2 $7,800 for the customer. The mo uture (4) May 18, 2019 business owner withdrew $2,000 cash from the business bank acc 15) May 28, 2019 business paid front employee wages again in cash 16) May30, 2019 received the utility bill $850 for the electricity and energy used during the month, paid in ca 17) May31, 2019 business found only $400 supplies left over there 18) May31, 2019 business need to record the current month rent expense since the business has been a tena 19) May31, 2019 Business need to record the used-up part of the equipment. 20) May31, 2019 business need to record the used-up part of the truck 21) May31, 2019 business recorded the May interest expense of the above truck loan Please use the in-class example as reference to make financial reports for the above May, 2019 transac
The report generated based on the above is called Financial Summary Report - May 2019.
What is the financial summary report?Financial Summary Report - May 2019
1. May 16, 2019
- Business paid $5,000 to the contractors for help to complete Project #1.
- Business confirmed $2,200 worth of materials already used for Project #1.
2. May 17, 2019
- Business completed the basement design service project #2 for a customer, generating $7,800 in revenue.
3. May 18, 2019
- Business owner withdrew $2,000 cash from the business bank account.
4. May 28, 2019:
- Business paid front employee wages in cash.
5. May 30, 2019
- Business received the utility bill of $850 for the electricity and energy used during the month, paid in cash.
6. May 31, 2019
- Business found only $400 worth of supplies left over.
- Business recorded the current month rent expense since the business has been a tenant.
- Business needs to record the used-up part of the equipment.
- Business needs to record the used-up part of the truck.
- Business recorded the May interest expense of the above truck loan.
This report summarizes the financial activities of the business during the month of May 2019. It includes details of expenses, revenue, withdrawals, and other financial transactions.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
1) May 16, 2019: Business paid $5,000 to the contractors for help to complete Project#1.
2) May 16, 2019: Business confirmed $2,200 materials already used for Project#1.
3) May 17, 2019: Business completed the basement design service for Project #2, receiving $7,800 from the customer.
4) May 18, 2019: Business owner withdrew $2,000 cash from the business bank account.
5) May 28, 2019: Business paid front employee wages in cash.
6) May 30, 2019: Business received the utility bill of $850 for electricity and energy usage during the month, paid in cash.
7) May 31, 2019: Business found only $400 supplies left over.
8) May 31, 2019: Business needs to record the current month's rent expense as they have been a tenant.
9) May 31, 2019: Business needs to record the used-up part of the equipment.
10) May 31, 2019: Business needs to record the used-up part of the truck.
11) May 31, 2019: Business recorded the May interest expense of the above truck loan.
Please note that the list provided is based on the given information and has been arranged in chronological order.
For a publicly traded company, when an auditor becomes aware of an illegal act, the auditor should:
Report the act to the client’s Board of Directors.
Report the act to the SEC if the Board of Directors does not report it.
Report to the PCAOB.
A and B only
A and C only
Answer:
communicate directly with the audit committee.
Explanation:
Answer:
The correct answer is D: Report the act to the client's Board of Directors and report the act to the SEC if the Board of Directors does not report it.
Explanation:
For a publicly traded company, if an auditor discovers an illegal act during an audit, the auditor's responsibility is as follows:
1) Report the discovered illegal act to the client's Board of Directors. This is the auditor's initial and primary responsibility.
2) If the Board of Directors does not report the illegal act to the SEC within a reasonable period of time, the auditor then has a responsibility to report the illegal act directly to the SEC.
3) The auditor does not report directly to the PCAOB (Public Company Accounting Oversight Board), which is the audit industry regulator. The auditor's responsibility is first to the client's Board of Directors, and then to the SEC if needed.
So in summary, the auditor should:
Report the act to the client's Board of Directors (A)Report the act to the SEC if the Board of Directors does not report it (B)While reporting to the PCAOB (C) is not required in this scenario.
Therefore, the answer is D: A and B only.
The key takeaway is that for publicly traded companies, if an auditor discovers an illegal act, their responsibility is first to the Board of Directors, and then to the SEC if the Board fails to report the illegal act themselves. The auditor does not report directly to the PCAOB in this scenario.
Hope this explanation helps! Let me know if you have any other questions.
Crystal, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and direct materials inventory unit costs will stay constant. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 7.75 per unit $12.20 per unit $ 8.20 per unit $8,200 What is budgeted cost of goods sold for March? Skybird has forecast sales for the next three months as follows: July 5,500 units, August 7,500 units, September 9,000 units. Skybird's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 3,000 units. Monthly costs are budgeted as follows: Fixed manufacturing costs Fixed selling costs Fixed administrative costs Variable manufacturing costs Variable selling costs $32,000 $25,000 $23,300 $ 6 per unit produced $ 3 per unit sold What is budgeted manufacturing overhead cost for July?
Cost of goods available for sale: $29,700Less direct materials inventory, beginning: 300 × $7.75 = $2,325 Budgeted cost of goods sold for March: Answer: $21,420
Direct materials: 1,000 × $7.75 = $7,750Direct labor: 1,000 × $12.20 = $12,200Variable manufacturing overhead: 1,000 × $8.20 = $8,200 Total manufacturing costs: $28,150Cost of goods manufactured: $28,150Direct materials inventory, end: 200 × $7.75 = $1,550 Cost of goods available for sale: $29,700Less direct materials inventory, beginning: 300 × $7.75 = $2,325 Cost of goods sold: $21,420 Budgeted manufacturing overhead cost for July: Answer: $73,400 To find the budgeted manufacturing overhead cost for July, we need to compute the budgeted variable manufacturing overhead cost, which can be computed using the formula below:
Budgeted variable manufacturing overhead cost = Variable manufacturing costs per unit produced × Units produced in July Budgeted variable manufacturing overhead cost = $6 × 4,500 = $27,000 Next, we can compute the budgeted fixed manufacturing overhead cost as follows: Budgeted fixed manufacturing overhead cost = Fixed manufacturing costs + Budgeted variable manufacturing overhead cost Budgeted fixed manufacturing overhead cost = $32,000 + $27,000 = $59,000 Finally, the budgeted manufacturing overhead cost can be obtained by adding the budgeted variable manufacturing overhead cost to the budgeted fixed manufacturing overhead cost as follows: Budgeted manufacturing overhead cost = Budgeted variable manufacturing overhead cost + Budgeted fixed manufacturing overhead cost Budgeted manufacturing overhead cost = $27,000 + $59,000 = $73,400Therefore, the budgeted manufacturing overhead cost for July is $73,400.
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Please Show the steps to reproduce the result
Your firm is investing in a new project. The project has a cost of $120. The expected incremental free cash flow in year 1 is $60. The expected incremental free cash flow in year 2 is $68 and the expected incremental free cash flow in year 3 is $76. The project has a required rate of return of 8% compounded annually. What is the payback period in years. Your answer should be accurate to two decimal places.
The payback period for the project is 1.12 years.
To calculate the payback period for the project, we need to determine the time it takes for the cumulative cash flows to equal or exceed the initial investment of $120. Calculate the cumulative cash flows for each year:
Year 1: $60
Year 2: $60 + $68 = $128
Year 3: $60 + $68 + $76 = $204
Determine the payback period:
The payback period is the time it takes for the cumulative cash flows to equal or exceed the initial investment. In this case, the cumulative cash flows exceed $120 in Year 2 but fall short of $120 in Year 1. To find the exact payback period, we need to interpolate between Year 1 and Year 2.
Payback period = Year 1 + (Remaining cash flow / Cash flow in Year 2)
Remaining cash flow = $120 - Cumulative cash flow at the end of Year 1 = $120 - $128 = -$8 (negative because it falls short)
Payback period = 1 + (-$8 / $68) = 1.12 years (rounded to two decimal places), Therefore, the payback period for the project is 1.12 years.
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One of those P's is Promotion. List the six steps in developing an effective integrated communication in sequence
Promotion is one of the 4Ps of marketing that play an essential role in the development of effective integrated communication.
The six steps in developing an effective integrated communication in sequence are:
Step 1: Identifying the Target AudienceThe first and most important step is to identify your target audience and understand their needs, interests, and preferences.
Step2: Establishing Communication Objectives Communication objectives need to be set that are aligned with your overall marketing objectives.
Step 3: Designing a Message The message should be designed based on the target audience’s interests and needs. The message needs to be concise, clear, and simple, and it should resonate with your target audience.
Step 4: Selecting Communication Channels The appropriate communication channels need to be selected to convey the message effectively to the target audience. These channels may include advertising, public relations, sales promotion, personal selling, and direct marketing.
Step 5: Allocating the BudgetThe budget should be allocated based on the communication objectives and the selected communication channels. A well-defined budget is essential to achieve the desired communication objectives.
Step 6: Evaluating the ResultsThe final step is to evaluate the results to determine the effectiveness of the integrated communication campaign. The results should be compared with the set objectives, and appropriate changes should be made if necessary.
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