Option (c), It's time to allocate resources to projects in accordance with their priority once the chosen projects have been selected and prioritized. All of the above, EXCEPT quality metrics, might be resources.
What factors contribute to initiatives receiving an excessive amount of resources?The duration of the project, its start date, and the resource's level of competence the value of the resource and the significance of the undertaking. The cost of the resource and the amount of non-project work they are expected to do.
What is the purpose of resource management in projects?Resource allocation involves selecting the best resources for a job or project and allocating them to it in order to meet organizational goals. The process of assigning people and their talents to tasks known as engagements is known as resource allocation in accounting.
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As of July 1, 2009, the single source of nongovernmental U.S. GAAP is found in the
FASB statements.
Accounting Standards Codification.
AICPA professional standards.
SEC literature
Option b: As of July 1, 2009, the single source of nongovernmental U.S. GAAP is found in the accounting Standards Codification.
In US accounting practice, the accounting standards codification is the current single source of US Generally Accepted Accounting Principles (GAAP).
It is administered by the Financial Accounting Standards Board (FASB).
Generally accepted accounting principles (GAAP or U.S. GAAP, pronounced "gap") are those adopted in the United States.
The U.S. Securities and Exchange Commission (SEC) has adopted accounting standards and accounting standards used by U.S.-based companies.
The Financial Accounting Standards Board (FASB) publishes and maintains the Accounting Standards Codification (ASC), the sole authoritative non-governmental source of US GAAP.
Beginning in 2008, the FASB published US GAAP in Extensible Business Reporting Language (XBRL).
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a company that uses job order costing reports the following information for march. overhead is applied at the rate of 60% of direct materials cost. the company has no beginning work in process or finished goods inventories at march 1. jobs 1 and 3 are not finished by the end of march, and job 2 is finished but not sold by the end of march.job 1 job 2 job 3direct materials used $ 13,200 $ 17,200 $ 6,200direct labor used $ 21,200 $ 11,200 $ 9,200determine the total dollar amount of finished goods inventory at the end of march.multiple choice$61,440.$48,520.$38,720.$98,240.$6,520.
Based on the percentage completed and the cost of the jobs, total value of work in process inventory at the end of March is $62,480.
What is the Work in Process Inventory?
The work in process will include Jobs 1 and 3 only because job 2 is already done.
Work in process can be found as:
= Cost of job 1 + Cost of job 3
Cost of a single job is:
= Direct labor + Direct materials + Overhead which is 60% of direct materials
Solving for both jobs gives:
= (13,200 + 21,200 + (13,200 x 60%)) + (6,200 + 9,200 + (6,200 x 60%))
= $61440
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Moving between two points on a PPF, a country gains 8 desktop computers and forgoes 5 laptop computers.
The opportunity cost of 1 laptop computer is ___ desktops. Round your answer to two decimal places.
The opportunity cost 1 laptop computer is 0.635 desktops.
Opportunity cost is calculated by dividing the quantity sacrificed by the quantity gained. The value or benefit forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost of that activity. More precisely, it implies that by choosing one activity, you forfeit the chance to engage in a different one.
Opportunity cost is the worth of the following best option or alternative. Money may or may not be used to quantify this worth. Other criteria, such as time or satisfaction, can also be used to measure value.
[tex]Opportunity cost=\frac{sacrifice}{gain} \\Opportunity cost= \frac{5}{8} \\Opportunity cost=0.635[/tex]
Hence, the opportunity cost is equal to 0.635 desktops.
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Select all of the options that describe a reason that businesses would rather settle disputes with customers out of court. Litigation is costly Juries are likely more sympathetic to plaintiffs than to Trials are bad for the public image of the business
Businesses would rather settle disputes with customers out of court because litigation is costly, juries are likely more sympathetic to plaintiffs than to large corporate defendants, and trials are bad for the public image of the business. Hence, all options are correct.
Few things frighten managers more than litigation. Even minor matters have a tendency of destroying relationships, tarnishing reputations, and devouring vast sums of money, time, and talent.
Most business owners are aware that litigation are on the rise. Smart managers understand that problems are becoming increasingly avoidable. There are now numerous alternatives to litigation that can prevent lawsuits, settle long-standing disagreements, and even offer win-win solutions to old and nasty fights that would otherwise leave both sides injured.
Many businesses would want to avoid court proceedings due to the potential legal expenses, uncertainty, and brand damage that can follow from lawsuit publicity.
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normative economics question 10 options: is descriptive, making a claim about how the world is. makes statements about the normal condition of the world. is prescriptive, making a claim about how the world ought to be. makes statements which establish production goals for the economy.
Normative economics is c) prescriptive, making a claim about how the world ought to be.
Normative economics is a branch of economics that deals with value judgments and ethical considerations. It involves making statements about how the world ought to be, rather than describing how the world actually is.
Normative economics is concerned with making value-based claims about the ideal allocation of resources and distribution of income and making recommendations for public policy.
It involves making subjective judgments about what is fair, just, and desirable for society, rather than describing the facts of a situation. In this sense, normative economics is prescriptive, making claims about how the world ought to be, rather than simply describing how it is.
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you are 19 years old today. you want to have $381,507.06 in an investment account when you are 60 years old. you will start with an initial deposit in one year from now and grow it by 3% per year for a total of 15 investments. how much is the amount of that initial deposit? assume an interest rate (a.k.a. return on your investment of 6%. use the $ sign and a comma and round to the nearest thousand...(e.g. $8,000 would be the form of a correct answer). hint....the correct answer should be very close to a multiple of $1,000.
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation.
When a person makes an investment, they do not intend to use the product immediately; instead, they intend to use it to build wealth in the future. Investment A's future value is calculated as follows:
payment
= $1,980;
n=6x12 = 72;
i=9%/12 = 0.75%.
FVIFA = [(1 + 0.0075)'2 -1]/
0.0075 = 95.007
Future value is $1,980 x 95.007,
which equals $188,114.
The PV of the investment must now be calculated as follows: PV = $188,114 / (1 + 9%)° = $20,500.
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Upon graduating from college 40 years ago, Dr. Nick Riviera was already planning for his retirement. Since then, he has made deposits into a retirement fund on a weekly basis in the amount of $25.
Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 9 percent compounded weekly.
Use five decimal places for the periodic interest rate in your calculations.
a. How much has Nick accumulated in his retirement account?
b. In addition to this, 10 years ago Nick received an inheritance check for $20,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the fund?
1. The amount that Nick has accumulated in his retirement account is $52,947.78.
2. The amount of the current balance in the fund is $20,180.81.
a. How much has Nick accumulated in his retirement account?Annual rate= 9%/52=0.00173076923
Payment= -25
Periods= 40x52=2080
PV=0
By using our calculation in "ANNUALLY" mode, our Future Value will equals to $52,947.78.
b. What is his current balance in the fund?Periods= 10x52=520
Annual rate= 9%/52 = 0.00173076923
Payments=0
PV= 20,000
By using our calculation in "ANNUALLY" mode, our Future Value will equals to $20,180.81.
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a balance sheet reports a company's financial position at a point in time, whereas an income statement reports on a company's performance over a period of time.
An income statement provides information on a company's performance throughout time, whereas a balance sheet provides information on a company's financial situation at a certain point in time.
What distinguishes an income statement from a balance sheet?A balance sheet displays the financial situation of the business at a particular point in time, whereas an income statement evaluates a company's profit or loss over a period of time.
What does a balance sheet statement serve?The balance sheet provides a snapshot of your company's financial situation at a certain point in time. The link between the company's assets and liabilities is reflected in this financial activity summary.
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c. wright mills used the term to refer to a small clique composed of top corporate, political, and military officials who hold the most power in society. group of answer choices autocrats bureaucracy oligarchy power elite
The term “Power Elite” was coined by the sociologist C. Wright Mills in his 1956 book, The Power Elite.
This group is composed of a small number of individuals who possess the majority of power in a society. They include top corporate, political, and military leaders who control the most resources. These members of the Power Elite are able to make decisions that can affect the lives of millions of people without being held accountable.
Additionally, they are able to use their access to resources and their control of the mass media to shape public opinion and manipulate the political and economic systems to their own advantage. In effect, the Power Elite are a small group of people who have the most power and influence in a society and can act without fear of retribution.
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wedding rice, birthday candles, and diplomas are considered . options: norms ritual script potlatch ritual artifacts
things like wedding rice, birthday candles, diplomas are considered ritual artifacts
What's ritual vestiges?
Every religious practice, across creed, culture and indeed period, has a tradition of artefacts used in ritual form and prayer. Conduits between the worldly and the worshipped, these objects can be categorized by function lighting, the dispersing of incense or bank, containers for water or ash
four kinds of ritual — magic action, religious action, substantial or native ritual, and factitive ritual — easily point out that ritual of passage is a typical native ritual.
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When preparing a statement of cash flows using the indirect method, which of the following is correct?
Proceeds from the sale of equipment should be added to net income in the operating activities section.
A loss on the sale of land should be added to net income in the operating activities section.
The declaration of a cash dividend should be a use of cash in the financing activities section.
The issuance of a stock dividend should be a use of cash in the financing activities section.
The purchase of land and a building by issuing a long-term note payable should be a source of cash in the financing activities section
A loss on the sale of land should be added to net income in the operating activities section is correct when preparing a statement of cash flows using the indirect method. Thus, option B is correct.
What is cash flow statement?A financial statement called the cash flow statement (CFS) summarises the inflow and outflow of cash and cash equivalents (CCE) for an organisation. The CFS gauges how effectively a business manages its cash position, or how well it generates cash to cover its debt payments and fund its operating costs.
The CFS is one of the three primary financial statements that works in conjunction with the balance sheet and the income statement. The cash flow statement gives a picture of how a business is operating, where its funds are coming from, and how they are being used.
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Which of the following is not one of the five measures on which a company's performance is judged/scored?
The extent to which the company's year-end P/Q ratings for action cameras and for drones were below, equal to, or above the annual targets set by the company's board of directors
Credit Rating and Return on Average Stockholders' Equity
Whether the company's latest stock price matched or beat the annual targets set by the company's board of directors
Image rating
Earnings per share
Note that Image rating is not one of the five measures on which a company's performance is typically judged/scored.
How is a company's performance measured?A company's performance is typically measured using financial metrics such as revenue growth, profit margins, return on investment, and earnings per share.
Non-financial metrics, such as customer satisfaction, employee engagement, and market share, can also be used to assess a company's performance. Note that, companies may be compared to their competitors and industry benchmarks to gauge their relative performance. The specific metrics used to evaluate a company's performance will depend on the industry and the company's goals and objectives.
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Following the Brexit vote in June 2016, the British Pound dropped in value to its lowest point since 1985. This was due to Investors selling off pound-denominated assets and investing the funds in safe assets like gold and U.S. government bonds.
Following the Brexit vote in June 2016, the British Pound dropped to its lowest level since 1985 due to investors selling off pound-denominated assets and investing the funds in safe assets like gold and U.S. government bonds.
This was driven by economic and political uncertainty, as investors sought safety and a store of value in the form of hard assets. As a result, at month-end, the pound dropped to $1.32, its lowest level since July 1985.
The decrease in the value of the British Pound had a dramatic effect on the UK economy, as it caused an increase in the cost of imports, which in turn caused an increase in prices for consumers. This, in turn, led to a decrease in consumer spending, which further weakened the UK economy.
Additionally, businesses suffered as the cost of doing business increased due to the devaluation of the Pound, making it more difficult for them to export and compete in the global market. This further contributed to the economic downturn in the UK.
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Shannon Corporation issues common stock for $25,000. Recording this transaction will include a
multiple choice question. O credit to revenues. O debit to retained earnings. O credit to common stock. O credit to accounts receivable.
Shannon Corporation sells common stock for $25,000 each. A credit to common shares will be recorded as part of this transaction.
Common stock is a type of investment that reflects ownership in a company. The board of directors and corporate policies are chosen by common stock holders. Long-term rates of return are often higher for this type of stock ownership. However, in the event of liquidation, common shareholders are only entitled to the assets of the company once bondholders, preferred shareholders, and other debt holders have been fully compensated. Common stock is a type of investment that reflects ownership in a company. Common stockholders in a liquidation receive any assets that are left over after creditors, bondholders, and preferred stockholders have been compensated. The market trades a variety of stocks.
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Which of the following is an example of an idiom, which can cause confusion for multicultural audiences? Our products can improve your bottom line.
"Improve your bottom line" is not an idiom.
What is an idiom?Any word or statement that deviates from its literal meaning to take on a figurative interpretation is known as an idiom. It's possible that people from different backgrounds won't understand the figurative meaning because it frequently draws on historical or cultural allusions. For instance, although the precise sense of the phrase "to kick the bucket" would not suggest so, it refers to dying in English. Therefore, it is crucial to take this into account when interacting with a multicultural audience because idioms can be confusing for people from various cultural backgrounds.
Idioms can be difficult for language learners to understand because they demand knowledge of the cultural setting in which the expression is employed. They can also be challenging to translate because different languages might not have the same figurative connotation. Idioms, on the other hand, are a crucial component of a language and can enrich and add color to communication.
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If to produce 1 car Claire experiences an opportunity cost of 15 boots, and Mitch experiences an opportunity cost of 10 boots. Which of the following is true? A. Mitch has a comparative advantage in boot production. B. Mitch has an absolute advantage in boot production. C. Mitch has an absolute advantage in car production. D. Mitch has a comparative advantage in car production.
Option (C) is correct, If to produce 1 car Claire experiences an opportunity cost of 15 boots, and Mitch experiences an opportunity cost of 10 boots then Mitch has an absolute advantage in car production is true.
What is production in a business?
Producing something is the act of creating something out of components or raw resources. To put it another way, production employs inputs to produce an output that is fit for consumption—a good or product that has value for a customer or end-user. "The goal of production would be to meet the requirement for such resources by organizing the process of converting raw materials into completed goods and services. The use of the initial inputs productively results in the manufacturing process and outcome (or factors of production). Land, labor, and capital are the three components of production that are regarded as the primary goods or services of the producer. The primary inputs don't substantially change or get incorporated into the final result during the output process.
Because they are byproducts of land, labor, and capital, materials and energy are categorized as secondary elements in classical economics.
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paul's programming services paid $1,000 in cash dividends to its shareholders. show how to use t-accounts to record this transaction by selecting the correct answer below.
T-accounts display the transaction as Credit Cash; Debit Dividends.
(b) is true.
A collection of double-entry accounting financial records is referred to as "T-accounts" in common parlance. Due to the way the bookkeeping entries are set up, the account is referred to as a T-account. A corporation's payout of profits to shareholders is known as a dividend.
If a business is profitable or has excess cash, it may distribute a portion of those profits to its shareholders as a dividend. Any money that is still available is seized and reinvested in the company (called retained earnings). Dividend payments from a corporation's capital are typically not permitted. As a result, both the profit from the current year and the retained earnings from prior years.
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The correct question as follows
Paul's Programming Services paid $1000 dividends. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Credit Cash; debit Common stock. Debit Dividends; credit Cash. Debit Cash; credit Dividends expense. Credit Cash; debit Retained earnings.
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Which of the following theories help to explain leevls and behaviour of interest rates at different maturities?
a. Expectations Theory
b. Segmented Markets Theory
c. Fragmented Markets Theory
d. Liquidity Premium Theory
e. Behavioral Theory
According to the lending rate of interest rates' expectations theory, community forecasts of future yields are the main factor that links the yields on treasury securities with different maturities.
What causes such high interest rates?Therefore, why are borrowing costs increasing? The most straightforward argument is that rising inflation is the source of rising interest rates. The Federal Reserve raises interest rates in an effort to stifle inflation by curbing economic expansion. This trend is anticipated to last through the 2022 year and in to the 2023.
How will interest rates develop in the future?The Federal Reserve's main base borrowing rate is anticipated to increase by another 0.75 percentage points in 2023, reaching a 17-year low of 5-5.25 percentage from its current level of 4.25-4.5 percent.
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Which of the following types of companies would typically use process costing rather than-job order costing? a A small appliance repair shop b A manufacturer of commerical passenger aircraft c A specialty equipment manufactuerer d A breakfast cereal manufacturer
A breakfast cereal manufacturer would typically use process costing rather than job order costing.
What is process costing?Process costing is a technique for cost accounting used in fields where identical goods are mass-produced continuously. By dividing the overall cost of the production process by the number of units produced, it is used to calculate the cost of generating a unit of output.
According to the quantity of units produced in each manufacturing process, costs are gathered and allocated to each one in process costing. This enables the business to calculate the cost of generating each output unit and to decide on pricing, production, and cost management.
Industries including those that produce chemicals, produce food and beverages, and refine petroleum all employ process costs. These sectors can employ it since comparable items are produced in big quantities and the production process is continuous.
According to the quantity of units generated in each process, costs are gathered and allocated to each one in process costing. The cost of generating each unit of output is then calculated using this information, and areas where costs might be cut are also determined.
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which of the following is true of the way that the world bank and the un development programme (undp) classify countries economically:
The true statement is " the UNDP uses an index that considers income as well as longevity and education".
The Human Development Index (HDI) is the primary criterion for gauging development used by UNDP. In addition to per capita income, this criterion considers additional development indices such as literacy level and life expectancy.
The UNDP measures development using per capital income, while the World Bank utilizes total income.
For analysis purpose, the World Bank divides economies into four income groups: low, lower-middle, upper-middle, as well as high income.
A developed country was one that has a high rate of industrialization as well as individual income. A developing country was one that is industrializing slowly and has a low per capita income. Infant mortality, death, as well as birth rates are all low, while life expectancy was high.
Therefore, option (a) is correct.
The given question is incomplete, the complete question is:
__"Which of the following is true of the way that the world bank and the un development programmed (undp) classify countries economically"__:
a) The UNDP uses an index that considers income as well as longevity and education.
b) The UNDP uses an index that considers income as well as war
c) The UNDP not uses an index that considers income as well as longevity and education.
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The CPI represents all goods and services purchased for consumption by urban households; classifying all expenditure items into _____ categories and _____ major groups.
Group of answer choices
a. 180 ; 8
b. 200 ; 8
c. 8 ; 180
d. none of the answers given is correct
e. 8 ; 200
Option (b), The CPI classifies all expenditure items into 200 categories and 8 broad groupings, representing all goods and services purchased for consumption by urban families.
What are the 8 categories of the CPI?The BLS has classified all expenditure items into more than 200 categories, which are divided into eight major groupings (food and drink, lodging, clothing, transportation, healthcare, leisure, education, and other goods and services).
What components make up the CPI?The CPI measures changes in the price of every consumer commodity and service that urban consumers purchase. Additionally included are user fees (for water and sewage services, for example) and sales and excise taxes that consumers pay. Income taxes as well as taxes on investment items (such stocks, bonds, and life insurance) are not included.
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1. What barriers to communication do you see in these examples? How might these barriers have been overcome?
Answer:
Communication barriers are something that prevents us from correctly getting and accepting the messages others use to communicate their information, thoughts and ideas. Some of the examples of communication barriers are information overload, choosy perceptions, workplace gossips, semantics, gender differences, etc.
use the following information to answer this question: bayside, incorporated 2021 income statement ($ in thousands) net sales $ 6,270 cost of goods sold 4,790 depreciation 415 earnings before interest and taxes $ 1,065 interest paid 52 taxable income $ 1,013 taxes 213 net income $ 800 bayside, incorporated 2020 and 2021 balance sheets ($ in thousands) 2020 2021 2020 2021 cash $ 165 $ 270 accounts payable $ 1,810 $ 1,910 accounts received 1,210 1,050 long-term debt 920 720 inventory 1,885 2,170 common stock 3,460 3,390 total $ 3,260 $ 3,490 retained earnings 990 1,240 net fixed assets 3,920 3,770 total assets $ 7,180 $ 7,260 total liabilities
The information provided contains the 2021 Income Statement and Balance Sheets for Bayside, Inc. for the years 2020 and 2021.
In Income Statement, we can see that:
Net sales for Bayside, Inc. were $6,270,000 in 2021
Cost of goods sold was $4,790,000, leaving an earnings before interest and taxes (EBIT) of $1,065,000
After paying $52,000 in interest, the taxable income was $1,013,000 and the net income was $800,000
In Balance Sheets, we can see that:
Cash for Bayside, Inc. increased from $165,000 in 2020 to $270,000 in 2021
Accounts receivable decreased from $1,210,000 in 2020 to $1,050,000 in 2021
Inventory increased from $1,885,000 in 2020 to $2,170,000 in 2021
Total assets increased slightly from $7,180,000 in 2020 to $7,260,000 in 2021
Long-term debt decreased from $920,000 in 2020 to $720,000 in 2021
Retained earnings increased from $990,000 in 2020 to $1,240,000 in 2021.
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Garrett has excellent soft skills including his competency in as demonstrated by how he established and continues to maintain professional relationships from throughout his education and career experiences. Multiple Choice a. networking b. social intelligence c. emotional intelligence d. teamwork/collaboration
C. Emotional Intelligence
Garrett has excellent soft skills including competence as demonstrated by how he builds and continues to maintain professional relationships throughout his educational and career experience is emotional intelligence. Emotional intelligence refers to the ability to recognize, understand, and manage one's own emotions and those of others.
Emotional intelligence is the ability to recognize and understand emotions in oneself and others and to use this information to guide thinking and behavior. This involves recognizing emotions in oneself and others, using emotions to guide thoughts and actions, and managing and regulating emotions. Developing emotional intelligence can lead to better relationships, better communication skills, and more effective decision-making. It's also associated with higher job performance, leadership abilities, and overall life satisfaction. Emotional intelligence can be developed through self-reflection, mindfulness practices, and by seeking feedback from others.
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justify the inclusion of marketing in the business administration and management curriculum
Studying marketing gives you a distinct competitive advantage because you can learn how to market your services and yourself. The value of the product and the value of the individual or brand delivering the product are what marketing studies assist you to understand.
What role does marketing play in management?The ability of a company to make income, build a brand, and comprehend its consumer base depends heavily on marketing management.
By attracting new customers, growing an existing client base, enhancing customer interactions, and establishing a company's reputation, marketing management aims to guarantee a business is profitable. The benefit of marketing for your company is that it engages and helps clients by bringing their attention to your goods and services.
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or each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify whether the mean or median would best represent a typical observation in the data, and whether the variability of observations would be best represented using the standard deviation or IQR. Explain your reasoning.
(a) Housing prices in a country where 25% of the houses cost below $350,000, 50% of the houses cost below $450,000, 75% of the houses cost below $1,000,000 and there are a meaningful number of houses that cost more than $6,000,000.
(b) Housing prices in a country where 25% of the houses cost below $300,000, 50% of the houses cost below $600,000, 75% of the houses cost below $900,000 and very few houses that cost more than $1,200,000
. (c) Number of alcoholic drinks consumed by college students in a given week. Assume that most of these students don't drink since they are under 21 years old, and only a few drink excessively.
(d) Annual salaries of the employees at a Fortune 500 company where only a few high level executives earn much higher salaries than the all other employees.
As a result, the distribution is anticipated to be right-skewed from Q3 to Q2.
What is right skewed ?The median would be the most accurate representation of a typical observation in the data due to the right-skewed distribution.
Since the distribution is right-skewed, it would be better to use the inter-quartile range (IQR) to represent the data's variability.
In a nation where 25% of homes cost less than $350,000, housing costs. Thus, the first quartile is Q1 = $350,000, and half of the houses below $450,000 fall into this category. Recall that the distribution will be symmetric if the following relation holds true: Q3 - Q2 = Q2 - Q1 Q3 - Q2 = $1,000,000 - $450,000 = $550,000 Q2 - Q1 = $450,000 - $350,000 = $100,000 Consequently, the distribution is not symmetric since Q3 - Q2 Q2 - Q1 The distribution is right skewed since Q3 - Q2 > Q2 - Q1 $550,000 > $100,000 Consequently
Because the distribution is right-skewed, the median is the best way to represent a typical observation in the data. As a result, the median is the best way to represent a typical observation.
Since the distribution is right-skewed, it would be better to use the inter-quartile range (IQR) to represent the data's variability.
Therefore, the inter-quartile range (IQR) provides the most accurate measurement of the observational variability.
A typical observation in the data would be best represented by the mean, and the variability of observations would be best represented by the standard deviation in a symmetric distribution.
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Understanding: Operating and non-operating statement of activities. Rosenthal Hospital, a nongovernmental, not-for-profit hospital affiliated with a private university, reported the following information for the year ended December 31, Year 5:
Cash donations received for capital additions to be acquired in Year 6$150,000 Proceeds from sales at hospital gift shop and snack bar75,000 Dividend revenue not restricted by donors or by law 25,000
What amount should be reported as other revenue and gains on the hospital's statement of operations for the year ended December 31, Year 5?
Operational and non-operational activity report. Their main sources of income are membership dues, donations, government grants and capital gains.
What is an operative and a non-operative statement?
Operations is everything a company does to continuously bring its products and services to market. Non-operational activities are one-time events that may affect income, expenses or cash flow but are not part of the normal and core business of the company. Non-operating income includes gains and losses (expenses) arising from other activities or factors unrelated to the principal business. Operating income is calculated by subtracting the cost of goods sold and all operating expenses from the company's revenue. Non-operating income is that portion of an organization's income that derives from activities outside of its core business.
It may include items such as dividend income, investment gains or losses, foreign exchange gains or losses and asset impairments.
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strategies that rely on achieving intended outcomes through the compliant behavior of those who have less power are known as ... power coercive strategies
Strategies that rely on achieving intended outcomes through the compliant behavior of those who have less power are known as power-coercive strategies.
What Are Power Coercive Strategies?Strategy is basically the steps taken by companies to improve their performance and also increase the competitiveness of the goods or services they offer. The right strategy can help the company to realize its vision and mission of the company. One type of strategy that can be done is a power-coercive strategy. Power-coercive strategy is a type of strategy used by change agents who operate under the assumption that people with less power will comply with the changes brought about by those with more power in the system. This strategy relies on achieving intended outcomes through compliant behavior.
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i.inventory costing $77,000 was purchased on account.
ii. Inventory costing $66,000 was sold for $110,000.Eighty percent of sales were for cash.
iii.Cash collected from credit customers (those who bought on account) totalled $22,000
iv.A lease was signed at the beginning of the year , requiring monthly payments of $1,100.The rent for the first month was paid when the lease was signed.After that, the $1,100 rent was paid on the last day of each month.to cover the following month
v. supplies costing $6,100 were purchased for cash. At the end of the year, $600 of the supplies were still unused.
vi. Wages of $41,300 were paid during the year. Also wages $600 remained unpaid at the year end
If Inventory costing $77,000 was purchased on account . The journal entry to record the transaction is: Debit: Inventory account $77,000
Credit: Accounts Payable $77,000.
What is journal entry?Journal entry is used by companies to record their day to day transactions.
To record the transactions described in I. to VI. in a general journal, the following journal entries could be used:
I. Debit: Inventory account $77,000
Credit: Accounts Payable $77,000
II. Inventory costing $66,000 was sold for $110,000
Debit: Sales Revenue account $110,000
Credit: Accounts Receivable $22,000
(20%× $110,000)
Credit: Cash $88,000
(80% × $110,000)
Debit: Cost of Goods Sold account $66,000
Credit: Inventory account $66,000
III. Debit: Cash account $22,000
Credit: Accounts Receivable account $22,000
IV. Debit: Cash account $1,100
Credit: Rent Expense account $1,100
V. Debit: Supplies account $6,100
Credit: Cash account $6,100
VI. Debit: Wages Expense account $41,300
Credit: Cash account $41,300
VI. Debit: Wages Payable account $600
Credit: Wages Expense account $600
Therefore the journal entry to record the transaction is: Debit: Inventory account $77,000, Credit: Accounts Payable $77,000.
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allowing a group of employees to run the daily operations of the organization while the supervisor remains out of the picture unless he is needed to solve problems, listen to concerns, give praise, and provide feedback is best explained with group of answer choices directing style delegating approach supporting approach coaching approach
The Delegating Approach is the best way to allow a group of employees to take charge of the daily operations of an organization while the supervisor remains in the background for guidance and feedback.
This approach involves entrusting the employees with specific tasks and granting them the authority to make decisions related to the task. The supervisor then provides guidance, support, and resources to the employees to ensure that the tasks are completed successfully.
As the supervisor remains in the background, they can monitor the progress of the assigned tasks, provide feedback to the employees, and give them a sense of ownership over their tasks, leading to better engagement and motivation.
This approach also offers the supervisor an opportunity to develop the employees' problem-solving skills and decision-making abilities.
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