Johnson and Gomez, Inc. should think about various other aspects before making a selection, Johnson and Gomez, Inc. can decide which product to launch on the market by taking these considerations into account.
Costs associated with production and development, including those associated with raw materials, labour, and equipment, must be examined by the company. The company will be able to assess the profitability and viability of each product thanks to this analysis. Analyzing competitors is something the business must do for each product it sells. The corporation will be able to determine the degree of demand and potential sales for each product with the aid of this analysis. Market trends: The business must stay current with the most recent market trends, including consumer tastes and expectations, technical improvements, and regulatory changes. The corporation will be able to assess the likelihood of each product's market success with the use of this analysis.
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with which profit-sharing formula does the profit-sharing pool become funded only after profits exceed a predetermined level, but fall below some established maximum level? question 3 options: equal payments fixed first-dollar-of-profits graduated first-dollar-of-profit profitability threshold
Option D is correct, profitability threshold. The profitability threshold is the point at which a business breaks even and starts to turn a profit.
Employees who participate in profit-sharing plans receive a portion of the company's profits as a retirement benefit. An employee is given a share of the company's profits under this sort of plan, also known as a deferred profit-sharing plan (DPSP), based on its quarterly or annual earnings. A profit-sharing plan is a terrific way for a company to offer its staff a sense of ownership in the organisation, but there are usually limitations on when and how a person can withdraw these funds without incurring penalties.
Profit-sharing, sometimes known as a bonus pool, is a mechanism for businesses to provide employees additional compensation for their work.
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if harry and meghan specialize and trade, what would be the possible range for the price of one scone (in terms of muffins)
The price of a single scone (in words of muffins), if the couple specialise and trade, would depend upon that production cost of making each good as well as the trading conditions that they decide upon.
Why Do Production Costs Exist?Every one of the direct and indirect costs pay or profit when producing a good or rendering a service are referred to as production costs. Various costs, including labour, raw materials, consumable fabrication supplies, and general overhead, can be included in production costs.
What is a good illustration of production costs?Costs associated with production may include labour, commodities, or consumable supplies. The costs incurred to obtain production factors like labour are referred to as the cost of manufacture in economics.
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a multidomestic strategy is oriented toward cost reduction, with all the principal value-creation functions centralized at the lowest cost global location. group of answer choices true false
False, It is not oriented toward cost reduction.
What is the cost?Cost, in popular usage, is the financial worth of the goods and services that producers and consumers purchase. The cost price, in accordance with fundamental economic discernment, is an estimation of the substitute opportunities forgone in choosing one good or pursuit over another.
The definition of average costAverage cost, also known as unit cost, in economics is calculated by dividing the total cost by the number of items produced. Additionally, it is the same as the total of average fixed expenses + average variable costs. The time period under consideration may have an impact on average expenses. Average prices are a key element of supply and demand that have an impact on the supply curve.
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when the purchase of insurance is investigated, the words to look for in the insurance contract that means the premium cannot be increased at renewal time are:
The premium cannot be increased at renewal time are noncancelable clause
As long as the customer continues to pay the premiums, a noncancellable insurance policy cannot have its benefits reduced, its premiums raised, or its payments cancelled. Be careful to look for a noncancellable insurance with a guaranteed renewal when applying for life or long-term disability. No matter how the policyholder's income changes, a noncancellable insurance assures that the provider will keep paying the full disability benefit that was originally agreed upon. The noncancellability provision in an insurance contract forbids the insurer from dismissing the policy after such an insured suffers a loss if the payment has already been made. Another word for noncancelable is noncancelable. Although noncancelable is a different way of spelling lang=en, it cannot be changed. This is the distinction between the adjectives noncancelable and noncancelable.
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below are amounts for two companies: beginning accounts receivable (net) ending accounts receivable (net) net credit sales company 1 $ 1,700 $ 1,400 $ 20,000 company 2 3,500 1,900 74,000 required: 1. for each company, calculate the receivables turnover ratio. 2. which company appears more efficient in collecting cash from sales?
1. The Receivables Turnover Ratio for company 1 is 13.33 and for company 2 is 36.67.
Company 1 Receivables Turnover Ratio = Net Credit Sales / Average Accounts Receivable = 20,000 / (1,700 + 1,400) / 2 = 13.33
Company 2: Receivables Turnover Ratio = Net Credit Sales / Average Accounts Receivable = 74,000 / (3,500 + 1,900) / 2 = 36.67
2. Company 2 appears to be more efficient in collecting cash from sales, since its receivables turnover ratio is much higher than that of Company 1. Company 2's faster turnover of receivables could be a result of its customers paying their bills more quickly, or the company itself having more effective processes in place for collecting payments from customers. In either case, Company 2 appears to be better at collecting cash from sales than Company 1.
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the study conducted by the global entrepreneurship monitor (gem) reports that approximately what percentage of adults in the united states is working to start a business or has one younger than 3 years old?
A group of national national teams that conducts questionnaire research on entrepreneurs around the world and is mostly linked to prestigious academic institutions.
What is entrepreneurial activity?Entrepreneurship, at the most basic level, refers to an individual or a small number of partners who embark on a novel course to found a new company. An aspiring entrepreneur actively seeks out a certain commercial enterprise, and it is they who take up the majority of the program's risk.
What is an entrepreneur's job description?An entrepreneur is somebody who develops and expands a firm employing their original ideas. Along with generating income, businesspeople contribute significantly in the advancement of their organizations.
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what is the average price for a super bowl ticket this year?
The price of Super Bowl tickets can vary depending on several factors, such as the location, time, and availability. However, historically, the price of Super Bowl tickets can range from a few hundred dollars to several thousand dollars.
The price of Super Bowl tickets is affected by factors such as demand Yes, that's correct. The price of Super Bowl tickets is influenced by a range of factors, including demand, supply, and external factors such as the performance of the teams, the location of the game, and even weather conditions. Demand is a significant factor that impacts the price of Super Bowl tickets. The Super Bowl is one of the most watched and anticipated sporting events in the United States, and many people are willing to pay a premium to attend the game. As a result, when demand for tickets is high, the price of tickets will increase. Conversely, if demand is low, ticket prices will likely be lower. If the supply of tickets is low, the price of tickets will be higher, as demand will likely exceed supply. External factors such as the performance of the teams, the location of the game, and weather conditions can also impact the price of Super Bowl tickets. For example, if a particularly popular team is playing in the Super Bowl, demand for tickets will likely be high, which can lead to higher prices. Similarly, if the game is being played in a particularly desirable location, such as a warm climate or a city with many attractions, ticket prices may be higher. And if the weather forecast is particularly bad, ticket prices may be lower, as some fans may decide not to attend the game.
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on january 1, year 1, alpha co. signed an annual maintenance agreement with a software provider for $15,000 and the maintenance period begins on march 1, year 1. alpha also incurred $5,000 of costs on january 1, year 1, related to software modification requests that will increase the functionality of the software. alpha depreciates and amortizes its computer and software assets over five years using the straight-line method. what amount is the total expense that alpha should recognize related to the maintenance agreement and the software modifications for the year ended december 31, year 1?
The $15,000 yearly maintenance agreement covers the 12-month period from March 1, year 1 through February 28, year 2. Alpha incurred two months of prepaid expenditure.
(January and February) for a total of $2,500 ($15,000 / 12 months x 2 months) since signing the agreement on January 1, year 1. The $5,000 cost of software change requests should be capitalized and amortized over the asset's useful life. Because Alpha amortizes its software assets over a five-year period, the yearly amortization charge for software change requests is $1,000 ($5,000 / 5 years). As a result, the total expenditure that Alpha should recognize for the year ended December 31, year 1 linked to the maintenance agreement and software updates is Total Prepaid Expense + Amortization Expense = Expense Total Outlay = $2,500 + $1,000 Total Cost = $3,500 As a result, Alpha should record a total expenditure of $3,500 for the maintenance agreement and software updates for the fiscal year ended December 31, year 1.
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A voluntary association is typically a nonprofit organization formed to pursue some common interest.
T/F
The statement is true i.e., A voluntary association is a typical nonprofit organization formed to pursue some common interest.
What does economics mean by voluntary association?A voluntary association is one that was established for non-profit purposes and is listed in the National Board of Patents and Registration's registry of associations by at least three private individuals who want to join it as members or by an agreement of a company or foundation.
What do non-profit organisations do?In modern civilizations, voluntary associations are utilised to fill the same social needs, psychological gaps, and personal wants that traditional communities were intended to fill. They are public organizations. Members are unpaid volunteers who contribute to a common cause.
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Which one of the following is not one of the 5 competitive factors that impact both Internet Sales and Wholesale Sales of branded footwear? O The appeal of celebrities endorsing a company's brand O The S/Q ratings that the International Footwear Federation assigns to each company's branded footwear O Search engine advertising O The number of models/styles that companies include in their product lineups O Company image ratings/brand reputations
Search engine advertising is NOT one of the competitive variables influencing both online and wholesale sales of branded footwear. Hence, the correct answer is Search engine advertising.
What exactly is Search Engine Advertising (SEA)?Search engine advertising (SEA) is a type of online marketing. It is also known as search advertising, Internet search advertising, or online search advertising at times.
Businesses may accelerate their SEO efforts by purchasing advertisements that display on the first page of search results regardless of their ranking.
Companies who use SEA pay per click, as opposed to traditional advertising that is paid altogether. The ad is displayed, and a price is charged each time a user clicks on it. The charge is paid whether or not the user makes a purchase or subscribes to an email newsletter after clicking on the link.
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foster designs sells different types of clothing for men and women. to ensure the retail store locations contain the appropriate assortment of clothing for the typical customer living in the area, the firm should use
By using market segmentation, Foster Designs can increase its sales and profits by better meeting the needs and preferences of its customers in each area.
Why it is?
market segmentation to identify the characteristics and needs of the typical customers living in each area. Market segmentation involves dividing a larger market into smaller groups of consumers who share similar needs, preferences, and behaviors.
By using market segmentation, Foster Designs can tailor its product offerings, marketing messages, and sales strategies to each segment's unique characteristics.
For example, if the typical customer in one area is young, trendy, and interested in athletic wear, Foster Designs can stock that store with more activewear for both men and women, and create marketing messages that appeal to a young and active audience.
On the other hand, if the typical customer in another area is more mature and interested in formal wear, Foster Designs can stock that store with more formal clothing options and create marketing messages that appeal to a more mature audience.
By using market segmentation, Foster Designs can increase its sales and profits by better meeting the needs and preferences of its customers in each area.
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who typically coordinates a project when one functional area plays a dominant role, or has a dominant interest, in a project being executed with a functional organization structure? multiple choice question.
The projectized form of mission management structure is in many instances used when one practical area performs a dominant function in completing the undertaking or has a dominant interest in the success of the project.
Which of the following is generally the duty of a mission manager?This consists of placing and managing consumer expectations, developing a distinct task plan, defining the scope of the project and assigning crew contributors to particular tasks.
The projectized shape of venture management shape is commonly used when one purposeful vicinity performs a dominant role in completing the undertaking or has a dominant activity in the success of the project.
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https://brainly.com/question/21648646#SPJ4according to william​ nordhaus, what is one of the main flaws of​ economists’ attempts to measure changes in living​ standards?
One of the main flaws of economists' attempts to measure changes in living standard, according to William Nordhaus, is the difficulty in accurately accounting for changes in the quality and availability of goods and services over time.
One of the main flaws of economists' attempts to measure changes in living standards, according to William Nordhaus, is that they often fail to account for changes in the quality of goods and services over time. For example, economists may fail to consider how improvements in technology or access to new services have improved the quality of life for individuals, families, and communities.
Furthermore, economists tend to focus on economic growth as the primary measure of living standards, but this overlooks other important aspects of life such as leisure, health, and education.
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The first stage of sales is
O attention
O desire
O conviction
interest
The first stage of sales is D. Interest.
What is the first stage of sales ?The first stage of the sales process is typically referred to as "Interest." This stage is when the potential customer first becomes aware of a product or service and begins to show some interest in it. This could be due to a variety of factors, including marketing campaigns, word-of-mouth recommendations, or their own research and exploration.
During the interest stage, the salesperson's goal is to engage with the potential customer, build rapport, and gather information about their needs and requirements.
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in the context of the cost elements associated with replacing employees who leave an organization, accepting applications and checking references are examples of .group of answer choicespre-employment administrative functionsentrance interviewstestingcommunicating job availability
In the context of the cost elements associated with replacing employees who leave an organization, accepting applications and checking references are examples of a. pre-employment administrative functions
Pre-employment administrative tasks are the tasks that a business carries out before a new hire begins working. Examples of pre-employment administrative tasks that are involved in recruitment and selection process include accepting applications and checking references. Employee replacement expenses for leaving companies can be high and may include both direct and indirect expenses.
Advertising, agency fees, and pre-employment screening expenses for background checks etc. are examples of direct costs. Loss of production, training expenses, and the time and effort needed to find a suitable replacement are examples of indirect costs. A business can lessen the chance of making a bad hiring selection and possibly incurring these costs by carrying out pre-employment administrative tasks including accepting applications and checking references.
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an economic model should include all possible details. an economic model should never use simplifying assumptions. an economic model should make clear assumptions. an economic model always accurately predicts cause and effect.
Option (c), A clear set of assumptions should be included in an economic model before proceeding.
What underlying assumptions does an economic model contain?People have understandable, value-related preferences for specific outcomes. In order to maximize their utility, both consumers and enterprises (as producers). Individuals make their own decisions based on complete and relevant information.
When forecasting using an economic model, what premise is essential?When building economic models, economists frequently employ a combination of finite and unlimited resources as their underlying premise. As outcomes that can be connected to a particular value, people's justifiable behaviors are also taken into consideration.
Why do economic models employ assumptions?Economists use assumptions in economic models for a variety of reasons, including the fact that it helps to simplify analysis and make the complex less daunting. Assumptions highlight the problem that is being investigated. Aid economists in quantifying effects using math.
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The correct question is:
Which of the following statements about an economic model is true?
Multiple Choice
an economic model should include all possible details. an economic model should never use simplifying assumptions. an economic model should make clear assumptions. an economic model always accurately predicts cause and effect.Real GDP, unemployment, and ____ are the main statistics used by economists to assess the health of the economy.
Real GDP, unemployment, and inflation are the main statistics used by economists to assess the health of the economy.
What are the three measures of a healthy economy?
Once upon a time, the inflation rate, unemployment rate, and growth rate of the gross domestic product were the three main indicators of economic health that could be used to determine the state of the economy.
Why does inflation occur?
The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased.
These are examples of broad measures of inflation. As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases.
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the responsibilities and tasks of managers have changed substantially in recent years due to changes in .multiple choice question.political pressures and regulationsglobal competition and advances in technologythe numbers of undergraduate and graduate level management programslocal competition and energy technology
b) The duties and demands of managers have evolved significantly in recent years as a result of changes in information technology and global competition.
Information technology: What is it?Information technology (IT) is the use of computers, storage, networking, and other physical equipment, processes, and infrastructure to create, process, store, and exchange all types of electronic data. IT is frequently employed in the context of commercial operations as opposed to the technology utilized for personal or recreational use.
Computer and telecommunications technologies are both a part of IT used for business. The phrase "information technology" was first used by the Harvard Business Review to distinguish between general-purpose computing devices that could be programmed for a variety of jobs and machines constructed specifically to accomplish a narrow range of tasks.
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which of the following statements is correct? question 24 options: a time line is not meaningful unless all cash flows occur annually. time lines are useful for visualizing complex problems prior to doing actual calculations. time lines cannot be constructed in situations where some of the cash flows occur annually but others occur quarterly. time lines cannot be constructed for annuities where the payments occur at the beginning of the periods. some of the cash flows shown on a time line can be in the form of annuity payments, but none can be uneven amounts.
b. Timelines can be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly. This statement is correct.
What in time value of money is a time line?If any cash flows do not happen annually, a time line is meaningless. When certain financial flows occur annually while others happen quarterly, time lines might be created. Annuities with payments made at the start or end of the periods might have time lines established.
An annuity must have equal cash flows that are distributed at regular periods, such as once a year or once a month. The cash flows for an annuity must be equal and happen at equal intervals.
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the relatively fixed costs such as the costs of a plant and equipment which do not increase with an increase in the number of units manufactured are known as
As implied in the opening sentence, costs that do not rise in proportion to the quantity of units produced are known as constant production costs.
Here is an example of proportion.
A percentage is a ratio that contrasts a part to the whole. For instance, if there are 100 students in the class, 20 of them men, and 80 of them women, 20 of them are men. 80% of the population, or 80 out of 100, are women. Often terms like the Golden Ratio, Divine Section, or Golden Proportion are used to describe one of the best-known examples of proportion in art. Let's consider the following as an example of a proportionate relationship in real life: The amount of gasoline we actually consume and the number of gallons of fuel we put in our car are related.
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the price of a stock, which pays no dividends, is $30 and the strike price of a one-year european call option on the stock is $25. the risk-free rate is 4% (continuously compounded). which of the following is a lower bound for the option such that there are arbitrage opportunities if the price is below the lower bound and no arbitrage opportunities if it is above the lower bound? (since a continuously compounded risk-free interest rate is given, you have to use e^-rt as an appropriate discount rate). show your work. no credit for the correct answer without showing work. a) $5.00 b) $5.98 c) $4.98 d) $3.98
the price of a stock, which pays no dividends,Rate =4%
Number of years =1 Lower bound for the option= Stock Price - Strike Price*e-rt =30-25*e^(-4%*1) = 5.98
Stock, also referred to as capital stock, is the term used to describe all of the shares that make up a corporation's or company's ownership in the financial industry. [1] In especially American English, the word "stocks" is widely used to refer to shares. [1] [2] Based on the total number of shares, each share of stock represents a small portion of the company's ownership. After paying off all senior claims, such as secured and unsecured debt, the shareholder (stockholder) will then typically be entitled to that portion of the company's earnings, proceeds from the sale of company assets, or voting rights, with these rights frequently being distributed in proportion to the amount of money each stockholder has invested. Not every share of stock is created equally, as some could
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Type the correct answer in the box. Spell all words correctly.
What is the criterion for companies to be covered under the EEOC laws?
Companies with
or more employees are covered under the EEOC laws.
If the subject of your complaint is age discrimination, the business is subject to the laws we uphold if it has twenty or more workers who have worked there for at least 15 to 20 calendar weeks.
What is business in plain English?A corporation is a place where people get together to work. People work in a business to produce and market goods and services. The goods and services are purchased by other individuals. The individual who recruits employees is the business owner.
What function does the company serve?A business's responsibility is to manufacture and market products and services in order to meet customer demands. Corporate social responsibility (CSR), according to Company News Daily, is "a business approach that entails participation in activities that help a society."
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the federal reserve is raising interest rates in an attempt to slow down what economic phenomenon that results in increased prices for goods and services.
True or False
Us federal reserve is increasing interest rates inside an effort to curb the economic phenomena that is causing the cost of goods and services to rise. True
Who is in charge of the Federal Reserve?The Board of Governors is the group responsible for overseeing the Federal Reserve System, and it is based in Washington, D.C. The seven individuals who serve as its "governors" are chosen by us president and ratified by the Senate.
How strong is indeed the Federal Reserve System?The Federal Reserve, sometimes known as the Fed, is the most potent economic institution around the world, if not the entire country of the United States. Setting interest rates, controlling the money supply, & overseeing the financial system are some of its main functions.
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if an auditor is performing procedures related to the information that is contained in the client's pension footnote, he/she is most likely to obtain evidence concerning management's assertion about:
The likelihood of finding evidence supporting management's claim about presentation and disclosure increases if an auditor conducts processes relating to the data in the client's pension footnote.
What is the goal of an auditor's audit of the data in the pension footnote?Obtaining proof for management's claim about presentation and disclosure is most likely the goal of an auditor's audit of the data in the pension footnote.
The goal of the auditor is to determine and evaluate the likelihood of a major misstatement at the financial statement and assertion levels, whether as a result of fraud or error.
Existence assertions are management claims that describe the company's real-world assets and liabilities, ensuring that the numbers on the financial statement are accurate and not overstated.
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this month, the roasting department of java coffee company completed and transferred out 75,000 one-pound bags of coffee. the department also had 25,000 units that were 80% complete with respect to conversion and no beginning work in process inventory. how many equivalent units of production for conversion does the department have for the month? 95,000 equivalent units 80,000 equivalent units 100,000 equivalent units 85,000 equivalent units
The answer is 95,000 equivalent units.
To calculate the equivalent units of production for conversion, we need to consider both the completed and transferred out units as well as the partially completed units.
The 75,000 one-pound bags of coffee that were completed and transferred out represent fully completed units. Therefore, these units contribute 75,000 equivalent units of production for conversion.
The 25,000 units that were 80% complete represent partially completed units. To calculate the equivalent units of production for these units, we multiply the number of units by the percentage of completion:
25,000 units x 80% = 20,000 equivalent units of production for conversion
Therefore, the total equivalent units of production for conversion for the month are:
75,000 + 20,000 = 95,000 equivalent units
Hence, the answer is 95,000 equivalent units.
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a company's hiring strategy: group of answer choices directly affects employee productivity. has little effect on employee productivity. does not relate to profitability. upgrades an employee's skill level. is not part of the company's overall human resource strategy.
A company's hiring strategy directly affects employee productivity. Thus, option (A) is correct.
What is strategy?An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal. The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic.
A recruiting plan of action is a plan of action to help you with success identify, attract and hire the best leaders for your open roles. These are basic playing points that can help you recruit the jobseekers
Therefore, The right option (A) is correct.
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whats the organization for which financial data are to be collected
The organization for which financial data are to be collected is typically the business or company that the data pertains to.
Analysis of financial data collectionFinancial data is collected for organizations that need such data and that it belongs to you.
Financial data is collected in order to analyze and understand the financial health and performance of the organization. This data includes information such as revenue, expenses, assets, liabilities, and cash flow. By collecting and analyzing this financial data, the organization can make informed decisions about its operations and future plans.
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Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed. a. Prohibit the recordkeeper to have control over cash. b. Purchased an insurance (bonding) policy against losses from theft by a cashier. c. | Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer. d. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed e. Digital time clocks are used to register which employees are at work at what times. f. External auditors are regularly hired to evaluate internal controls g. Employees requesting purchases of inventory cannot approve payment for that inventory h. Personal ID cards are used to limit access to only authorized employees. i The company's internal auditors frequently assess the performance of internal controls j. To ensure equipment theft does not go undetected, detailed accounting records are kept. Apply technological controls Divide responsibility for related transactions timesEstaish responsibilities Insure assets and bond key employees Maintain adequate records Perform reqular and independent reviews
Separate authorization and recordkeeping functions:
a. Separate authorization and recordkeeping functions
b. Insure assets and bond key employees
c. Divide responsibility for related transactions
d. Maintain adequate records
e. Perform regular and independent reviews
f. Perform regular and independent reviews
g. Separate authorization and recordkeeping functions
h. Separate authorization and recordkeeping functions
i. Perform regular and independent reviews
j. Maintain adequate records
a. Divide responsibility for related transactions - By prohibiting the recordkeeper to have control over cash, the company is dividing responsibility for related transactions.
b. Insure assets and bond key employees - By purchasing an insurance (bonding) policy against losses from theft by a cashier, the company is insuring assets and bonding key employees.
c. Divide responsibility for related transactions - By assigning each cashier a specific cash drawer and having them be solely responsible for cash in that drawer, the company is again dividing responsibility for related transactions.
d. Maintain adequate records - By keeping detailed records of inventory, the company is maintaining adequate records.
e. Establish responsibilities - By using digital time clocks to register which employees are at work at what times, the company is establishing responsibilities.
f. Perform regular and independent reviews - By hiring external auditors to evaluate internal controls, the company is performing regular and independent reviews.
g. Divide responsibility for related transactions - By having employees requesting purchases of inventory unable to authorize payment for that inventory, the company is again dividing responsibility for related transactions.
h. Apply technological controls - By using personal ID cards to limit access to only authorized employees, the company is applying technological controls.
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Merrick Company computes a predetermined overhead rate at the beginning of the year and uses it to apply overhead to jobs throughout the year. Merrick has several custom jobs in process. One of these jobs, C628, was in Work in Process Inventory at the beginning of month. Job C628 had direct materials of $6,200, direct labor of $8,680, and overhead of $17,360. If Merrick applies overhead based on direct labor cost, what is Merrick’s predetermined overhead rate for the year?
A) 50%
B) 200%
C) 140%
D) 280%
The predetermined overhead rate for the year is 50%.
What is overhead rate?The overhead rate is the proportion of a company's overhead, like as its rent and other administrative costs, to its direct costs, sales, or other inputs, like the number of hours a machine works. It gives business owners and managers a comparison of indirect expenses to, say, their direct production costs or total sales. The overhead rate is calculated by multiplying the indirect costs by the direct costs by 100. If your overhead rate is 20%, it indicates your company spends 20% of its income on the creation of goods or the rendering of services. A reduced overhead rate means greater productivity and earnings.
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"We apologize, but your tax return processing has been delayed beyond the normal timeframe" it means _____
"We apologize, but your tax return processing has been delayed beyond the normal timeframe" it means default revenue services of country and when your return is likely to take more than the standard day refund processing timeline.
The tax return is the amount of money return when individual suppose to submit the income tax department of country.
We apologize, but your tax return processing has been delayed beyond the normal timeframe" it means default revenue services of country and when your return is likely to take more than the standard day refund processing timeline. If you made math errors or forgot to sign your return or include your Social Security number.
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