When we have a problem in which the remedy will be between $1,500 and $3,000,The appropriate tool to use would be a small claims court.
Small claims court is used to claim for money or the recovery of personal property valued at under $750. Small claims court is also used to the similar various of claims valued from $750 to $10,000 by people who do not want to use a lawyer and who want to get their case heard relatively rapidly. If you operate the Claim and Notice shape in Supporting Documents below, you may want one whole authentic to report with the Court. Upon charge of the $37 submitting fee, copies might be made and licensed for service. If you want extra copies, you should buy them for.
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what is the basic shortcoming of most ratios and rules of thumb used in commercial real estate investment decisions as compared to a discounted cashflow model?
Most ratios and general rules of thumb have the significant flaw of ignoring cash inflows and outflows that are likely to happen beyond the first year of operations.
What is mean by cash inflows and outflows ?Every source of income that your business receives as a result of its operations is referred to as cash inflow. This includes all profit-generating methods. All debts, obligations, and operating expenses are included in the term "cash outflow"—that is, any money that leaves your company.Cash inflow examples include consumer payments, investment returns, and interest you receive on debts you have made to another firm.The following are some examples of cash outflows: payments made to settle debt, such as bank loans. monetary resources utilized to buy any fixed assets. the distribution of dividends to shareholders. Paid to employees are salaries and wages.To learn more cash inflows refer to:
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the central bank of foxystan has set the reserve requirement at 10%. if dave makes a cash deposit of $5000, and the bank carries zero excess reserves, by how much will the money supply increase?
If the required percentage of reserves is 10%, the money supply reserve multiplier is 10 and the required amount of reserves should be 10 times the money supply.
Why must the bank hold a reserve of only 10% of the money deposited?
The reserve requirement in foxystan has been established at 10% by the central bank.
In a system known as fractional reserve banking, only a portion of bank deposits are guaranteed by actual cash that is on hand and accessible for withdrawal. The idea behind this is to hypothetically boost the economy by making funds available for lending. In the past, the reserve rate has varied between 0% and 10% of bank deposits. The bare minimum of cash that banks must hold on hand in case of unforeseen demand is known as a bank reserve. The additional funds that a bank maintains on hand but chooses not to loan out are known as excess reserves.
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if a borrower pays less than the required monthly amount on a mortgage loan, the borrower will be in default and the loan will have negative amortization if the amount actually paid that month is:
The loan amount actually increases if the borrower pays less than required .
What is negative amortization ?
In the world of finance, negative amortization happens if the monthly loan payment is less than the interest accrued during that time.
Defaulting on a loan's interest payments results in a rise in the principal sum, which is referred to in finance as "negative amortization." A loan with a negative amortization schedule adds unpaid interest to the outstanding principal sum.
Many mortgage packages fall victim to negative amortizations.
Negative amortization might provide borrowers more choice, but it can also expose them to additional interest rate risk.
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the case describes approaches tek follows to minimize its international tax liability. based on your reading of the chapter, how would you advise tek management to reduce its taxes around the world further?
The taxes can be reduced by General Strategies, Foreign Affiliates, Transfer Pricing, and Repatriating Profits.
What are the different ways to minimize international tax?A business in a high-tax nation can lower its overall tax burden by keeping operations at home while operating highly profitable activities outside countries with lower taxes. The mother firm must be sure to establish a totally independent corporation that will be taxed as a local company when establishing a foreign company in a low-tax jurisdiction. At the same time, the mother business must maintain control over the new corporation and guarantee its funding without transferring any funds that may have been subject to taxation in the past or may be subject to taxation in the future.Allowing a foreign operation in a low-tax jurisdiction to make goods that are then sold back to the mother company for sale in the domestic market is one of the finest methods for a business to lower its global tax responsibilities.To learn more about international tax refer to:
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what is the repricing gap if the planning period is 30 days? 3 months? 2 years? recall that cash is a non interest-earning asset. what is the impact over the next 30 days on net interest income if interest rates increase 50 basis points? decrease 75 basis points? the following one-year runoffs are expected: $10 million for two-year business loans and $20 million for eight-year mortgage loans. what is the one-year repricing gap? if runoffs are considered, what is the effect on net interest income at year-end if interest rates increase 50 basis points? decrease 75 basis points?
$55 million for two years, $20 million for three months, and $95 million for thirty days.
What does a repricing gap mean?The repricing gap is a measurement of the difference between the dollar value of assets that will reprice and the dollar value of liabilities that will reprice during a given time period, where reprice refers to the possibility of receiving a new interest rate.
The window of time during which repricing is possible is represented by rate sensitivity. Rate-sensitive assets are those that will mature or be revalued within a certain time frame. Liabilities that are rate-sensitive are those with a set maturity date or new pricing.
Calculation:
Using a 30-day planning window, we have the following:
$75 - $170 = -$95 million.
Using a three-month planning horizon, we have:
($75 + $75) - $170 = -$20 million.
Reprising the gap using a 2-year planning period, we have;
($75 + $75 + $50 + $25) - $170 = +$55 million.
b) the impact over the next 30 days on net interest income varies. We'll use (i) in the event that net income rises by 50 basis points.
ii) when net income decreases by 75 basis points.
if the impact over the next 30 days on net interest income increases by 50 basis points, we would have that net interest income will decrease by $475,000, see below:
ΔNII = CGAP(ΔR) = -$95m.(0.005) = -$0.475m
If the impact over the next 30 days on net interest income decreased by 75 basis points, net interest income will increase by $712,500. This is because:
ΔNII = CGAP(ΔR) = -$95m.(-0.0075) = $0.7125m
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explain the difference between a free good and an economic good
Answer:n economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance.
Explanation: Hope this helps example of economic good "Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good."
Examples of free goods are ideas and works that are reproducible at zero cost, or almost zero cost. For example, if someone invents a new device, many people could copy this invention, with no danger of this "resource" running out. Other examples include computer programs and web pages.
question content area each document in the cost ledger of a service business is called a a.materials requisition b.job cost sheet c.finished goods sheet d.stock record
Question content area each document in the cost ledger of a service business is called job cost sheet.
Which expense ledger document is referred to as a?A task cost sheet is the name of each document in the cost ledger. Work being done: 1 balance equals 275000.
What is recorded in the cost ledger?The cost account's main ledger is the cost ledger. It is comparable to the main ledger in financial accounting and contains all impersonal accounts. The main advantages of cost ledgers are that they provide a summarized record of expenses in several ledgers, making it easier to manage material, labor, and overhead costs.
Which of the following qualifies as a job order cost system feature?It does not have the characteristics of a job order costing system; instead, it accumulates expenses for each department inside the factory.
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which of the following would not cause a shift in the long-run aggregate-supply curve? a. an increase in the available labor b. an increase in the available capital c. an increase in the available technology d. an increase in price expectations e. all of the above shift the long-run aggregate-supply curve.
An increase in price expectations would not cause a shift in the long-run aggregate-supply curve.
What is supply curve?A supply curve is a graphical representation of the correlation between the price of a good or service and its supply over a period of time. In a typical plot, price is displayed on the left vertical axis and shipment quantity is displayed on the horizontal axis. Most of the time the supply curve is drawn as an increasing slope from left to rightThis is because product price and supply are directly related (that is, when the price of a commodity rises in the market, supply increases). Changes in the price of goods or services cause changes in supply. A change in supply shift causes a change in supply represented as a shift in the supply curve.To learn more about supply curve from the given link :
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a business process can be thought of as a series of events that bring together three elements in ways that create valuable outcomes. two of those elements are people and technology. what is the third element?
The third element is Information.
a business process can be thought of as a series of events that bring together three elements (people, technology, and information) in ways that create valuable outcomes
A business process is a set of tasks or activities carried out by a group of stakeholders in order to achieve an organizational goal. People or systems carry out processes in a structured manner to achieve a predefined goal. Efficient and streamlined business process execution directly contributes to the success and growth of business operations.
The work is done by the people. This work is more efficient with accurate information. Technology enables people to complete their tasks while also monitoring and controlling information. Thus, businesses can achieve organizational efficiency by balancing the three and optimizing the relationships between people, information, and technology, businesses can achieve organizational efficiency.
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what would be the appropriate journal entry by miad to account for the customer's purchase of the apparel in february?
The journal entry will be Debit Deferred Revenue .
A journal entry is the act of retaining or making statistics of any transactions either financial or non-economic. Transactions are indexed in an accounting magazine that suggests a agency's debit and credit score balances. The magazine entry can include numerous recordings, each of that is either a debit or a credit.
A journal entry is a report of a commercial enterprise transaction to your commercial enterprise books. In double-access bookkeeping, you're making at the least journal entries for each transaction.
Due to the fact a transaction can create numerous adjustments in a commercial enterprise, a bookkeeper tracks them all with magazine entries.
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to find the average of the total cost of orders from rex technologies, what excel formula should be used in a12?
Assuming that the total cost values of orders from Rex Technologies is in column A and that the average is to be calculated in cell A12, the following formula could be used in excel :
=AVERAGE(A1:A11)
This function will take all of the cost values from the orders and find the arithmetic mean. The syntax for this function is as follows:
=AVERAGE(number1,number2,…)
In this case, the numbers would be replaced with the cells containing the cost values for each order. For example, if the cost values were in cells A1 through A10, the function would be written as follows:
=AVERAGE(A1:A10)
Once the function is entered, the average cost values of the orders will be displayed in the cell where the function was entered.
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a disadvantage of the corporate form of ownership is when profits are taxed at the corporate rate and at the individual rate and this is referred to as .
Double taxation, which occurs when profits are taxed at both the corporate and individual rates, is a drawback of the corporate form of ownership.
What is corporate form? By setting up a company in corporate form, a firm can operate independently of its owners. And in many states, a corporation with a corporate form of business may be run by one or more people.The double taxation of distribution revenues and dividends to shareholders is the main drawback of the corporation form. Limited liability, ease of transferability, the capacity to raise capital, limitless life, and other benefits are just a few.This article is for business owners who are attempting to decide on their corporate structure and whether it is advantageous for them to do so.To learn more about corporate form refer to:
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happy go lucky electric company is the only company providing electric power to the city of go lucky. the accompanying graph depicts their marginal costs (mc), average total costs (atc), demand (d), and marginal revenue (mr). a. move point e to the firm's profit maximizing price and quantity. b. at the profit maximizing point, what is happy go lucky's level of profit?
Move point E to the firm's profit maximizing price and quanity. Happy Go Lucky's profit is$30
How do you calculate profit maximizing price and quantity in monopoly?The quantity of goods produced at which marginal revenue equals marginal cost, or when MR = MC, is the decision that will maximize profits for the monopoly.If the monopoly produces less, MR > MC at given output levels, and the enterprise can increase profits by increasing output. The level of output that maximizes a monopoly's profit is when the marginal cost equals the marginal revenue.According to this theory, the output whose marginal income equals its marginal cost maximizes profits.The monopolist should boost output if marginal revenue exceeds marginal cost. When marginal revenue and marginal cost are equal, profit is maximized.Profit is maximized at the quantity where marginal revenue at that quantity equals marginal cost at that quantity, as the previous discussion has demonstrated.To learn more about profit maximizing point refer
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on january 1, 2024, j. golden corporation granted an employee an option to purchase 6,000 shares of j. golden's $5 par common stock at $20 per share. the options became exercisable on december 31, 2025, after the employee completed two years of service. the option was exercised on january 10, 2026. the market prices of j. golden's stock were as follows: january 1, 2024, $30; december 31, 2025, $50; and january 10, 2026, $45. an option pricing model estimated the value of the options at $8 each on the grant date. for 2024, j. golden should recognize compensation expense of:
Golden should account for the $24,000 in compensatory costs.
An expense for compensation is what?Costs associated with hiring, salaries, payroll taxes, benefits, and bonuses are considered compensation costs. This expense typically contributes significantly to a firm's operating costs, which has an impact on the profitability of the company. The size of the organization, the industry, and the job description all affect compensation plans.
compensation expenses calculated?
To calculate wage-based compensation expense factor, take the total compensation amount and divide it by your organization's total operating budget. That number is the percentage of your operating expenses dedicated to compensation
Compensation expense for 2024 =
Number of share in option *value of
option per share * Time spent / vesting period
Compensation expense for 2024 = 6000
* 8 * 1 / 2 = 24000
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you expect to receive $3,400 upon your graduation and will invest your windfall at an interest rate of .49 percent per quarter until the account is worth $4,975. how many years do you have to wait until you reach your target account value?
19.47 years you have to wait until you reach your target account value .
FV = PV x (1 + r)n
$4,975 = $3,400 x 1.0049n
$4,975 / $3,400 = 1.0049n
1.4632 = 1.0049n
ln[1.4632] = n[ln(1.0049)]
0.3806 = n[0.0049]
n = 0.3806 / 0.0049 = 77.87 quarters
Years to wait = 77.87 / 4 = 19.47 years
What Is Present Value (PV) ?
A future sum of money or stream of cash flows' present value (PV), assuming a particular rate of return, is their current value. The discount rate determines the current value of future cash flows; the greater the discount rate, the lower the present value of the future cash flows. The key to correctly valuing future cash flows, whether they be earnings or debt obligations, is determining the right discount rate.
The idea of present value holds that money today is worth more than it will be in the future. In other words, money received in the future is not as valuable as money obtained now in the same amount.
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is it possible for the risk premium to be negative before an investment is undertaken? can the risk premium be negative after the fact? explain
When an investment yields a lower rate of return than a risk-free security, this is known as a negative risk premium.
What is risk premium?Risk is a factor in almost all investments to some extent. Due to the US Treasury Department's backing of US government securities, which still carry some resale risk, there is no default risk. This rate is therefore regarded as a risk-free rate of return on these investments.Investors who take on more risk typically expect a risk premium, or return above and beyond the risk-free rate. Any investment's risk premium is just the variation in return between the risk-free rate and the investment's return. Using historical data or forecasting future risk premiums, analysts can also study historical data using risk premium.To Learn more About risk premium refer to :
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the recent batch contained 4,000 platters and 1,000 cups. tsc sold the platters for $100,000 and the cups for $12,000. if relative market value is used to allocate the joint cost, what is the income earned for cups?
If relative market value is used to allocate the joint cost, $1,000 is the income earned for cups.
What is Cost ?Cost is the value which is spent to manufacture a product or to render any service. There are two types of costs which are fixed cost and variable cost.
What is Fixed Cost ?Fixed cost is defined as the cost which remains the exact same, disregarding the decrease or increase in the value of goods or any services supply. It is the cost which is rewarded by the company that is not dependent on activities which are concerned with the business.
What is a variable cost ?Variable cost is defined as the cost that changes according to the output given by any service supply. It is the cost which is rewarded by the company that depends on the activities which are concerned with the business.
Decrease income = Actual Sales - Remaining cost
= $12,000 - $2,000
= $10,000
Joint cost = (Material cost + Labor cost)/ (Total sales) × Sales of cups
= [($40,000 + $ 44,000)/($100,000 + $12,000) ] × $12,000
= $ 9,000
Income earned for cups = Sales − Remixingcost − Joint cost
=$12,000−$2,000−$9,000
=$1,000
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NOTE: The given question is incomplete on the portal. Here is the complete question.
QUESTION: The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups. TSC incurred $40,000 of materials cost and $44,000 of labor cost to produce the silver alloy. Platters are made first and the residual alloy is remixed into a lower grade silver plated material that is used to make the cups. Remixing costs $2,000. The recent batch contained 4,000 platters and 1,000 cups. TSC sold the platters for $100,000 and the cups for $12,000. Assume number of units is used as the base to allocate the joint cost. Based on this information
the Company's total income will decrease by $12,000 if it stops making and selling cups.
the Company's total income will increase by$6,800 if it stops making and selling cups.
the Company's total income will increase by 4,800 if it stops making and selling cups.
the Company's total income will decrease by $10,000 if it stops making and selling cups.
If relative market value is used to allocate the joint cost, what is the income earned for cups?
following the completion of a difficult assignment, pamela's supervisor told her that he was very pleased with her performance and her help in completing the project. the praise pamela received is an example of
Positive reinforcement is demonstrated by the compliments Pamela received.
Pamela's boss expressed his appreciation for her performance and assistance in finishing a challenging assignment to her after the project was finished.
The introduction of a pleasing or desirable stimulus after a behaviour is referred to as positive reinforcement. Reinforcing the behaviour with the desired stimulus increases the likelihood that it will happen again.
As it capitalises on the positive behaviours that have already been demonstrated and rewards the person you are working to train's innate propensities for good behavior, it is a positive parenting approach that is used for a variety of purposes and in a wide range of contexts.
In reality, according to the model developed by renowned behaviourist B. F. Skinner, positive reinforcement is just one of four types of conditioning.
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the debt coverage ratio is used to indicate how much the noi can decline before it will not cover the debt service on the property. lenders usually seek a minimum dcr of
The debt coverage ratio is used to show the NOI can drop before it stops paying the property's debts. Typically, lenders look for a minimum DCR of 1.20.
The ratio of operational revenue available for debt servicing for interest, principal, and lease payments is called the debt service coverage ratio (DSCR), also referred to as the "debt coverage ratio" (DCR). It is a widely used yardstick for evaluating how well-equipped a person or business is to generate enough cash flow to pay off its debt (including lease) obligations.
The easier it is to get a loan, the greater this ratio is. The expression can be used to represent a minimal ratio that is acceptable to a lender or a loan requirement in commercial banking. In some situations, breaking a DSCR covenant qualifies as a default.
In general, it is calculated by:
DSCR = Net Operating Income/Debt Service
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penny, a full-time biochemist, loves stock car racing. to feed her passion, she bought a used dirt-track car and has started entering some local dirt-track races. the prize money is pretty small ($1,000 for the winner), but she really is not in it for the money. penny reported the following income and expenses from her nights at the track: prize money $ 2,520 expenses: transportation from her home to the races 1,730 depreciation on the dirt-track car 5,080 entry fees 3,700 oil, gas, supplies, repairs for the dirt-track car 3,140 what are the tax effects of penny's racing income and expenses assuming that the racing activity is a hobby for penny?
The tax effect of Penny’s racing expense is allowed as an itemized deduction to a maximum of 2% of Aggregate gross income.
Gross income: Unreimbursed expenses and taxes are not taken into account when calculating gross income. Net income is computed using gross income. Net income is the result of subtracting expenses and taxes from gross income.
In this case, Penny’s racing income is total prize money i.e. $2,520.
Penny’s racing expenses are $13,650 ($1,730+$5,080+$3,700+$3,140). The penny’s racing expenses are allowed as deductible expenses up to the maximum amount of income from hobbies.
Gross income in this case is $2,520. The racing activity income without any deductions and taxes is called gross income.
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what is the connection, if any, between comparative advantage (ca) and foreign direct investment (fdi)?
CA has nothing to do with FDI. Countries often engage in FDI in industries where the country they invest in has a comparative disadvantage.
When a nation's businesses make investments abroad, it promotes comparative advantage CA in the same sector at home.
What is comparative advantage -
The ability to create goods and services at a lower opportunity cost, not necessarily at a higher volume or quality, is referred to as having a comparative advantage.
What is FDI-
An entity based in another country makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI).
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maria is the treasurer of rex caldwell corporations. as treasurer, she makes out and signs the payroll checks for the company. maria draws a payroll check payable to the order of her maid carolyn doss, who does not work for the company. maria does not intend carolyn to receive this money. she indorses carolyn's name on the check and names herself as the indorsee. she cashes the check at a liquor store. under which rule of forged instruments is maria accountable?
The fictitious payee rule of forged instruments makes Maria accountable in situations where she endorses Carolyn's name on the check and names herself as the endorsee and she cashes the check at a liquor store
The fictitious payee rule is a principle of commercial law in which one is not chartered or is not authorized. The drawer or maker according to the fictitious payee rule is responsible for indorsement which is fake and forged and unauthorized, if the person signing as or on behalf of a drawer or maker intends the named payee to have no interest in the instrument or when the person identified as the payee is a fabricated person. Hence the person who draws the check is not liable for a document that is false or unauthorized. Sometimes also known in different textbooks as the padded-payroll rule. The rule was introduced with the intent to place the loss on the drawer instead of the drawee as the drawer plays an important role in avoiding authority.
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would an employer find benefit in using an understanding of crystallized and fluid intelligence in a hiring practice?
The employer's understanding of crystallized and fluid intelligence in a hiring practice would benefit him.
It uses both types of intelligence. If you've ever faced a new difficulty and solved it by looking back on an experience, your fluid and crystalline intelligence has combined to your advantage.
Fluid intelligence is the ability to recognize, assess, and respond to unfamiliar situations. The term "crystallized intelligence" refers to the capacity to recall learned information. Both bits of intelligence is necessary to solve challenges.
Both fluid intelligence and crystallized intelligence, despite their distinctions, are equally important and even related.
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which type of ethical responsibilities offers a model of corporate social responsibility that encourages all businesses to integrate ethical goals into their mission?
Ethical responsibilities related to sustainability offers a model of corporate social responsibility that encourages all businesses to integrate ethical goals into their mission.
What exactly does corporate social responsibility mean?The concept of corporate social responsibility (CSR) holds that businesses should give back to the community and take into account how their actions will affect the environment and the general public.
What are the CSR's benefits and drawbacks?A CSR policy increases the value and profitability of the business. Recycling garbage and implementing energy efficiency measures lower operating expenses and are environmentally friendly. CSR also promotes a company's accountability and openness with the media, shareholders, local communities, and financial analysts.
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According the world health organization, what is the ideal cesarean section rate?.
Since 1985, the international medical community has agreed that a caesarean section rate of 10% to 15% is reasonable.
Cesarean sections have been more common in both developed and underdeveloped countries since that time. When a caesarean section is necessary for medical reasons, it can successfully minimize maternal and newborn mortality. According to two recent HRP research, when caesarean section rates in a community reach roughly 10%, fewer women and babies die. There is no evidence that mortality rates fall when they hit 10%.
One of the impediments to a better understanding of this progression is the lack of a standardized, internationally agreed classification system for tracking and comparing caesarean section rates in a consistent and comparable manner.
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what are standard operating procedures? group of answer choices explanation of how tasks should be done federal model code for food service industry's generic guidelines for tasks employee manual received at the time of hire
Standard operating procedures means the indicate how things should be done to attain service goals.
Standard operating procedures.
Standard operating procedure defines the procedure specific to your operation that describes the activities necessary to complete tasks in accordance with industry regulations, provincial laws or even just your own standards for running your business.
Given,
Here we need to define the process of Standard operating procedures.
Standard operating procedures also known as SOPs explains what employees must know and do when they perform work, and they are used to implement standards.
SOP rules must review and update whenever necessary. Sometimes this involves the addressing a specific step and sometimes an entire task. We need corrective actions to enforce SOPs include informal coaching sessions, special conversations, or discussions during performance appraisal meetings.
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Gemini group ordered motor tune ups and oil changes on their entire fleet of company vehicles in the third quarter. How should this expense be recorded?.
Gemini group ordered motor tune ups and oil changes on their entire fleet of company vehicles in the third quarter, the expense be recorded as a Revenue Expenditure.
Revenue Expenditure refers to short-term business expenses that are usually incurred immediately or within one year including all the expenses that are warranted to satisfy the current operational costs of the business. These expenditures are incurred during normal business operation by the company and the benefits are received in the same period. The examples of revenue expenditure include rent expenses, utility expenses, salary expenses, insurance expenses, commission expenses, manufacturing expenses, etc. They are essentially the same as operating expenses. As Gemini group carry out motor tune ups and oil changes on their entire fleet of company vehicles in third quarter, these are revenue expenditures as they are needed for operation.
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monetary policy is a means of popping a bubble because monetary policy push down the price of specific commodities.
Monetary policy is a crude means of popping a bubble, because monetary policy can't push down the price of specific commodities.
Quiz: How does monetary policy impact the market?By altering interest rates, monetary policy indirectly affects aggregate demand by affecting consumer and investor behavior.
What factors influence asset prices when a bubble forms?Asset values are influenced by changes in market psychology and subsequent waves of irrational exuberance when a "bubble" develops.
Why can't monetary policy completely counteract a negative supply shock?The Fed lacks any instruments to boost an economy following a bad supply shock. In response to a bad supply shock, Fed action will result in deflation. Action by the Fed to counter a supply shock will result in higher unemployment.
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your parents will retire in 21 years. they currently have $260,000 saved, and they think they will need $2,450,000 at retirement. what annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? round your answer to two decimal places. 11 %
The interest rate required to get a total amount, principal plus interest, of $2,450,000.00 from simple interest on a principal of $260,000.00 over 21 years is 40.11% per year.
How can calculate simple interest?Simple interest is calculated by multiplying the principal by the time, interest rate, and time period."Simple Interest = Principal x Interest Rate x Time" is the written formula. The simplest method for calculating interest is using this equation.Equation:
Interest rate, r = (1/t)(A/P - 1)
Calculation:
Solving our equation:
r = (1/21)((2450000/260000) - 1) = 0.4010989
r = 0.4010989
Converting r decimal to R a percentage
R = 0.4010989 * 100 = 40.1099%/year
The interest rate required to get a total amount, principal plus interest, of $2,450,000.00 from simple interest on a principal of $260,000.00 over 21 years is 40.11% per year.
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while acme lawn mowers makes a profit on all of its products, it sells mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain. it uses:
Acme Lawn Mowers uses price discrimination to make profit by selling mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain.
Write a short note on price discrimination.Price discrimination is a microeconomic pricing strategy when a single provider provides identical or very comparable goods or services in many markets at various rates. Product differentiation differs from price discrimination because of the larger difference in production costs for the variously priced products involved.
The variety in customers' willingness to pay and the elasticity of their demand are the main factors that determine price differentiation. For price discrimination to be effective, a corporation must have market power, which might take the form of a dominant market share, a unique product, exclusive pricing power, etc. All prices that are subject to price discrimination in a market with perfect competition are higher than the equilibrium price.
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