To determine the reported allowance for doubtful accounts on the company's balance sheet at the end of Year Two, we need to calculate the bad debt expense for Year Two and subtract any existing allowance from the previous year. The reported allowance for doubtful accounts on the company's balance sheet at the end of Year Two is $60,000.
First, let's calculate the bad debt expense for Year Two:
Credit sales for Year Two: $700,000
Estimated percentage of credit sales that will prove to be worthless: 10%
Bad debt expense for Year Two: $700,000 * 10% = $70,000
Next, we need to consider the existing allowance for doubtful accounts from the previous year, which is the ending balance of the allowance for doubtful accounts in Year One.
In Year One, the company had credit sales of $700,000, collected cash of $500,000, and identified $40,000 as uncollectible. This means that the bad debt expense for Year One was $700,000 * 10% = $70,000, and the ending balance of the allowance for doubtful accounts was $70,000 - $40,000 = $30,000.
Finally, we can calculate the reported allowance for doubtful accounts on the balance sheet at the end of Year Two by adjusting the previous year's allowance:
Allowance for doubtful accounts at the end of Year Two = Previous year's allowance + Bad debt expense for Year Two - Collections of uncollectible accounts
Allowance for doubtful accounts at the end of Year Two = $30,000 + $70,000 - $40,000 = $60,000
Therefore, the reported allowance for doubtful accounts on the company's balance sheet at the end of Year Two is d) $60,000.
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how
can stakeholders be mapped at air canada company and how should
they be categorised
In the field of biology, living organisms are categorised into different groups based on similarities in their characteristics. This process of categorisation is known as taxonomy. The main purpose of taxonomy is to provide a systematic way of identifying, naming and classifying living organisms based on their physical and genetic similarities. The five major kingdoms of living organisms are:
1. Monera: This kingdom includes unicellular prokaryotic organisms such as bacteria. They are characterised by the absence of a true nucleus and other membrane-bound organelles.
2. Protista: This kingdom includes unicellular eukaryotic organisms such as amoebae and algae. They are characterised by the presence of a true nucleus and other membrane-bound organelles.
3. Fungi: This kingdom includes multicellular organisms such as mushrooms and yeasts. They are characterised by the presence of a cell wall and the ability to absorb nutrients from their environment.
4. Plantae: This kingdom includes multicellular organisms such as trees, flowers, and grasses. They are characterised by the presence of chloroplasts and the ability to perform photosynthesis.
5. Animalia: This kingdom includes multicellular organisms such as humans, dogs, and birds. They are characterised by the ability to move, the absence of a cell wall, and the ability to obtain nutrients from other organisms.
Each kingdom is further divided into smaller groups called phyla, classes, orders, families, genera and species, based on more specific characteristics such as morphology, genetics, physiology and ecology. This hierarchical system allows scientists to study and understand the relationships between different organisms, as well as their evolutionary history.
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princple of finance
I need the answer writing in computer
Calculate and interpret net present value (NPV), internal rate of return (IRR), payback period, discounted payback period, and profitability index (P.I.) of a single capital project.
answer
The estimated cash flow in SARs for a single capital project is as follows: PI=
Costs
Benefits
=
Initial investment
Present value of future free cash flows
=
Initial investment
NPV+ Initial investment
NPV, IRR, Payback Period, Discounted Payback Period, and P.I. are financial metrics used to assess the profitability and viability of a capital project, aiding investment decision-making.
To calculate and interpret the net present value (NPV), internal rate of return (IRR), payback period, discounted payback period, and profitability index (P.I.) of a single capital project, we need the estimated cash flows and the appropriate discount rate.
Let's assume the following estimated cash flows in SAR (Saudi Arabian Riyals) for the single capital project:
Costs:
Initial investment = SAR 100,000
Benefits:
Year 1: SAR 20,000
Year 2: SAR 30,000
Year 3: SAR 40,000
Year 4: SAR 50,000
Year 5: SAR 60,000
To calculate these metrics, need the discount rate. Let's assume a discount rate of 10%.
1. Net Present Value (NPV):
NPV is the present value of all cash inflows and outflows discounted at the appropriate rate. It measures the profitability of the project.
NPV = Present value of future free cash flows - Initial investment
To calculate NPV, find the present value of each cash flow and then subtract the initial investment.
PV (Year 1) = SAR 20,000 / (1 + 0.10)^1 = SAR 18,181.82
PV (Year 2) = SAR 30,000 / (1 + 0.10)^2 = SAR 24,793.39
PV (Year 3) = SAR 40,000 / (1 + 0.10)^3 = SAR 30,578.51
PV (Year 4) = SAR 50,000 / (1 + 0.10)^4 = SAR 34,672.79
PV (Year 5) = SAR 60,000 / (1 + 0.10)^5 = SAR 37,803.84
NPV = PV (Year 1) + PV (Year 2) + PV (Year 3) + PV (Year 4) + PV (Year 5) - Initial investment
= SAR 18,181.82 + SAR 24,793.39 + SAR 30,578.51 + SAR 34,672.79 + SAR 37,803.84 - SAR 100,000
= SAR 45,030.35
The NPV for this capital project is SAR 45,030.35.
Interpretation: A positive NPV indicates that the project is expected to generate more cash inflows than the initial investment, making it potentially profitable. In this case, the project has a positive NPV of SAR 45,030.35.
2. Internal Rate of Return (IRR):
IRR is the discount rate that makes the NPV equal to zero. It represents the project's expected return.
To calculate IRR, we can use the NPV formula and solve for the discount rate (IRR) that results in NPV = 0.
NPV = 0 = PV (Year 1) + PV (Year 2) + PV (Year 3) + PV (Year 4) + PV (Year 5) - Initial investment
By trial and error or using financial software, we find that the IRR for this project is approximately 16.35%.
Interpretation: The IRR of 16.35% indicates that the project is expected to generate a return of 16.35%, which is higher than the discount rate of 10%. Therefore, the project is potentially attractive from a financial perspective.
3. Payback Period:
The payback period is the time it takes for the project to recover the initial investment.
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demand for cartel output depends on ______________ between firms and is explained by the kinked demand curve.
The demand for cartel output depends on the interdependence or mutual agreement between firms and is explained by the kinked demand curve.
In a cartel, firms collaborate to coordinate their actions and restrict competition by collectively setting output levels and prices. The demand for the cartel's output is influenced by the understanding and cooperation among the cartel members. The interdependence between firms means that their decisions regarding production levels and pricing strategies affect each other's profits and market outcomes.
The kinked demand curve is a graphical representation of the interdependence in a cartel. It shows a relatively elastic demand curve for price increases above the prevailing market price and a relatively inelastic demand curve for price decreases below the prevailing market price. The kink in the demand curve reflects the assumption that rival firms will match price decreases but not price increases, leading to a more stable market price around the existing level.
The kinked demand curve model suggests that if one firm in the cartel decides to increase prices, other firms are likely to not follow suit and instead maintain their prices. This is because they anticipate that customers will switch to lower-priced alternatives if they raise prices, resulting in a significant loss of market share. Conversely, if one firm decides to lower prices, other firms are expected to match the price decrease to avoid losing customers.
Therefore, the demand for cartel output depends on the understanding and coordination between firms, as represented by the kinked demand curve. The model highlights the strategic behavior and interdependence of firms in a cartel setting.
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_____ is the way the advertisement portrays its information.
Message appeal
Message execution
Appeal formation
Audience selection
Message execution refers to the way an advertisement portrays its information or delivers its message to the target audience. It encompasses various elements such as the tone, style, format, visuals, language, and overall creative execution used in the advertisement.
The goal of message execution is to effectively communicate the intended message to the audience in a compelling and engaging manner. This involves carefully selecting the appropriate creative elements that align with the advertising objectives and target audience preferences. For example, an advertisement targeting young adults may use vibrant colors, contemporary language, and dynamic visuals to capture their attention and resonate with their interests.
The message execution plays a crucial role in capturing the audience's attention, generating interest, creating desire, and ultimately driving action or purchase intent. It determines how the information is presented and perceived, influencing the emotional and cognitive responses of the audience.
By leveraging effective message execution techniques, advertisers can enhance the overall impact and effectiveness of their advertisements, increasing the likelihood of achieving their marketing goals.
Hence, the correct option is "message execution".
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In an effort to increase the price of his holdings in Moosehead & Belfast Railroad Company (M&BRC), Jones logs on to several investor chat rooms on the internet to promote the company. He states that there is a rumour that M&BRC is about to expand its rail network in anticipation of receiving a large, long-term contract from a Canadian paper company for shipping lumber. Jones' conduct is
(Choose the best answer.)
a (No answer given)
b acceptable because the information on internet chat rooms is not expected to be reliable.
c acceptable because Jones characterizes the information as rumour.
d none of the choices.
e unacceptable because it is intended to mislead investors.
The correct option is E : unacceptable because it is intended to mislead investors.
In an effort to increase the price of his holdings in Moosehead & Belfast Railroad Company (M&BRC), Jones logs on to several investor chat rooms on the internet to promote the company.
He states that there is a rumor that M&BRC is about to expand its rail network in anticipation of receiving a large, long-term contract from a Canadian paper company for shipping lumber. Jones' conduct is unacceptable because it is intended to mislead investors.
The Securities and Exchange Commission (SEC) forbids the circulation of false or misleading information in the stock market, and Jones' conduct is a clear violation of this regulation.
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Tasia is using accrual accounting in QuickBooks and created a customer invoice.
Which account is debited when the invoice is created?
O Accounts receivable
O Sales of product income
O Owner's equity Checking account
O Miscellaneous income
When Tasia creates a customer invoice using accrual accounting in QuickBooks, the account that is debited is "Accounts receivable." (option a)
1. Tasia is using accrual accounting in QuickBooks, which means revenue is recognized when it is earned, regardless of when payment is received.
2. When Tasia creates a customer invoice, it signifies that a sale has been made, and the customer owes money to the business.
3. The account that tracks the amount owed to the business by customers is called "Accounts receivable."
4. Hence, when Tasia creates the customer invoice, the account that is debited is "Accounts receivable."
5. This debit entry increases the balance of the Accounts receivable account, reflecting the amount that the customer owes to the business.
6. On the other hand, the corresponding credit entry is made to the Sales of product income account, which represents the revenue earned from the sale.
7. The Sales of product income account is credited because revenue is being recognized as the sale is made, even if the payment is not received yet.
8. It is important to note that the Owner's equity Checking account and Miscellaneous income accounts are not directly affected when the customer invoice is created.
9. The Owner's equity Checking account represents the owner's investment in the business and is not directly related to the creation of customer invoices.
10. The Miscellaneous income account is typically used for recording small or irregular sources of income that do not fit into other specific income categories, and it is also unrelated to the creation of customer invoices in this context. Thus, the correct option is a.
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according to the true vitality test, which of these factors is important for predicting longevity.
The True Vitality Test is not a widely recognized or established assessment for predicting longevity. As of my knowledge cutoff in September 2021, I don't have any information on a test called the "True Vitality Test." It's possible that this test or concept has emerged since then or that it is specific to a particular organization or individual.
In general, when predicting longevity or assessing factors that contribute to a long and healthy life, various factors are typically considered important. These may include:
Genetics: Family history and genetic factors can play a significant role in determining longevity.Lifestyle choices: Healthy lifestyle habits, such as regular exercise, a balanced diet, maintaining a healthy weight, not smoking, and moderate alcohol consumption, can positively impact longevity.Socioeconomic factors: Income level, education, access to healthcare, and living conditions can all influence life expectancy.Learn more about Vitality Test here : brainly.com/question/939691
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On July 1, 2020 Sweet Acacia's Greenhouse purchased a new delivery truck for $100,000.5 weet Acacia estimates that the delivery truck will have a five-year useful life, or 180,000 kilometres, and a residual value of $10,000. $ weet Acacias Greenhouse hasa December 31 year end. Sweet Acacia drove the truck 15,000 km in 2020 and 39,000 km in 2021 . Calculate depreciation expense using the double-diminishing-balance method for 2020 and 2021.
The depreciation expense using the double-diminishing-balance method for 2020 and 2021 are $40,000 and $24,000, respectively.
Calculate the depreciation rate:
Depreciation Rate = (1 / Useful Life) × 2
In this case:
Useful Life = 5 years
Depreciation Rate = (1 / 5) × 2 = 0.4 or 40%
Calculate the depreciation expense for each year:
Depreciation Expense = (Net Book Value at the beginning of the year) × Depreciation Rate
For 2020:
Net Book Value at the beginning of the year = Cost - Accumulated Depreciation at the beginning of the year
= $100,000 - $0 = $100,000
Depreciation Expense for 2020 = $100,000 × 0.4 = $40,000
For 2021:
Net Book Value at the beginning of the year = Cost - Accumulated Depreciation at the beginning of the year
= $100,000 - $40,000 = $60,000
Depreciation Expense for 2021 = $60,000 × 0.4 = $24,000
Therefore, the depreciation expense is $40,000 for 2020 and $24,000 for 2021.
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Holding cash is important to an individual as well as an organisation. As a financial manager, you plan to conduct a discussion on "reasons for holding cash from a business organisation point of view". Discuss the main points of the discussion topic and provide relevant examples to support your discussion. Total/Jumlah:20
Transaction motive is the most common reason for holding cash. Businesses need cash to pay for their day-to-day expenses, such as salaries, rent, and supplies. For example, a grocery store needs to have cash on hand to pay its employees, suppliers, and utility bills.
Precautionary motive: This reason for holding cash is to protect against unexpected expenses. For example, a company may need to have cash on hand to cover a lawsuit or a natural disaster.
Speculative motive: This reason for holding cash is to take advantage of investment opportunities. For example, a company may hold cash to buy another company or to invest in new products.
Managing working capital: Cash is a part of working capital, which is the money a business needs to operate on a day-to-day basis. Businesses need to maintain a certain level of working capital to ensure that they have enough cash to meet their obligations. For example, a company may need to hold cash to pay its employees and suppliers on time.
Here are some other reasons why businesses hold cash:
To meet regulatory requirements: Some businesses are required to hold a certain amount of cash by law. For example, banks are required to hold a certain percentage of their deposits in reserve.
To maintain a strong credit rating: Businesses with a strong credit rating are more likely to be able to borrow money when they need it. Holding cash can help to improve a business's credit rating.
To attract and retain customers: Businesses that offer discounts for paying with cash can attract and retain customers. For example, some gas stations offer discounts for paying with cash.
The amount of cash that a business needs to hold will vary depending on the size and type of business. However, all businesses should have a plan for managing their cash flow. This plan should include a target cash balance and a strategy for managing cash inflows and outflows.
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Discuss the pros and cons of imposing capital adequacy and
liquidity requirements on banks
Imposing capital adequacy and liquidity requirements on banks has both pros and cons. On the positive side, these requirements promote financial stability, protect depositors, and reduce the likelihood of bank failures.
They ensure that banks have enough capital to absorb losses and maintain solvency. Additionally, liquidity requirements ensure that banks have enough liquid assets to meet short-term obligations.
However, these requirements can also have drawbacks, such as potentially increasing compliance costs for banks and limiting their ability to take on risk.
Striking the right balance is crucial to ensure a safe and sound banking system while allowing banks to fulfill their role in supporting economic growth.
Capital adequacy requirements are designed to ensure that banks maintain a sufficient level of capital to absorb potential losses.
By mandating a minimum capital ratio, such as the Basel III framework's minimum Tier 1 capital requirement of 6%, regulators aim to enhance the resilience of banks and protect depositors.
Adequate capital levels provide a cushion to absorb unexpected losses, reducing the likelihood of bank failures and systemic risks.
Liquidity requirements, on the other hand, focus on ensuring that banks have sufficient liquid assets to meet short-term obligations.
These requirements typically involve maintaining a minimum liquidity coverage ratio (LCR) and net stable funding ratio (NSFR). By having readily available liquid assets, banks can withstand liquidity shocks, maintain confidence, and fulfill their payment obligations.
The benefits of imposing capital adequacy and liquidity requirements are evident. They contribute to financial stability, reducing the risk of bank failures and the need for taxpayer-funded bailouts.
These requirements also enhance depositor protection, as banks with adequate capital are more likely to honor their obligations to depositors.
However, there are also potential drawbacks to consider. Imposing stringent capital and liquidity requirements can increase compliance costs for banks, especially smaller institutions that may struggle to meet the prescribed thresholds.
This can potentially limit their ability to lend and support economic growth, particularly in periods of economic downturns when capital and liquidity become scarcer.
Furthermore, excessive regulation may lead to a one-size-fits-all approach, disregarding the unique characteristics and risk profiles of different banks.
Finding the right balance is crucial. Stricter capital and liquidity requirements contribute to financial stability, but they should be carefully calibrated to avoid overly burdensome regulations that stifle lending and hinder economic activity.
Regulators need to strike a balance between ensuring a safe and sound banking system and allowing banks the flexibility to support economic growth while managing risks effectively. Regular assessment and adjustments to these requirements based
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On January 1, 2022, Sarasota Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $37,500. Related expenditures also pold in cash included: sales tax $3,600. shipping costs $100, insurance during shipping $50, installation and testing costs $120, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Sarasota estimates that the useful ife of the machine is 5 years with a $5.950 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used, Machine B: The recorded cost of this machine was $180.000. Sarasota estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.
Prepare a journal
The annual depreciation of both the machines is calculated using the straight-line method. The accumulated depreciation account is used to keep track of depreciation for both machines over the useful life of the assets.
In this problem, Sarasota Company has bought two machines on January 1, 2022, for its production process. The cost of both the machines and related expenses are provided along with their useful life and salvage value.
The straight-line method of depreciation is to be used.
To solve the problem, the following journal entry should be prepared.
Date Accounts Debit Credit
Jan 1, 2022 Machine A $41,470 ([$37,500 + $3,600 + $100 + $50 + $120 + $150])
Cash$41,470 (Total cost of the machine A is paid in cash)
Machine B$180,000
Cash$180,000 (Recorded cost of machine B is paid in cash)
Depreciation expense – Machine A($6,070) ([$41,470 - $5,950]/5)
Depreciation expense – Machine B($42,500) ([$180,000 - $10,000]/4)
Accumulated depreciation – Machine A($6,070)
Accumulated depreciation – Machine B($42,500) ($6,070 + $42,500)
The above journal entry is made on the date of purchase of both the machines. The debit side of the entry includes the cost of both machines and related expenses. The credit side shows that the amount has been paid in cash.
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A visual representation of an organization's structure is also known as the _______.
a. work specialization chart
b. unity of command chart
c. organization chart
d. division of labor chart
The visual representation of an organization's structure is known as the organization chart (c).
An organization chart is a graphical representation that depicts the formal structure of an organization. It provides a visual overview of the hierarchical relationships, reporting lines, and divisions within the organization. The organization chart illustrates the different levels of management, departments, teams, and positions within the organization. It typically includes boxes or rectangles that represent individuals or groups, with lines or arrows indicating their reporting relationships and communication channels.
The organization chart helps to clarify the chain of command, decision-making authority, and lines of communication within the organization. It enables employees to understand their roles, responsibilities, and reporting relationships. It also assists in identifying the levels of work specialization, division of labor, and unity of command within the organization. Hence, the visual representation of an organization's structure is commonly referred to as the organization chart (c).
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Give two reasons why a company might prefer to take on
long-term debt rather than issue more shares.
A company may prefer long-term debt over issuing more shares to retain ownership and control, and to benefit from tax advantages such as deductibility of interest expenses.
There are several reasons why a company might prefer to take on long-term debt rather than issue more shares. Here are two common reasons:
1. Retain Ownership and Control: By opting for long-term debt, a company can maintain ownership and control without diluting the ownership stakes of existing shareholders. Issuing more shares through equity financing can lead to dilution, meaning each existing shareholder's ownership percentage decreases. This can be undesirable for companies and their existing shareholders, especially if they want to preserve control and decision-making authority.
2. Tax Advantage: Interest payments on long-term debt can be tax-deductible for companies, reducing their overall tax liability. Taking on debt allows a company to deduct the interest expenses from its taxable income, effectively lowering its tax burden. This can be advantageous compared to issuing additional shares, as equity financing does not provide the same tax benefits since dividends are not tax-deductible expenses.
It's important to note that the decision to take on long-term debt versus issuing more shares depends on various factors, including the company's financial position, capital structure, risk tolerance, and the prevailing market conditions. Each option has its own advantages and disadvantages, and companies need to carefully evaluate their specific circumstances before choosing the most appropriate financing method.
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employment on the basis of open, competitive examination and merit is the____.
The term for the process of selecting candidates for employment based on open, competitive examination, and merit is called Civil Service Examination.
What is a Civil Service Examination?
A Civil Service Examination is an open competitive examination in which individuals take to prove that they possess the necessary knowledge, skills, and abilities to perform specific public sector jobs.
The Civil Service Examination is a recruitment process that is designed to objectively and uniformly evaluate applicants' merit, knowledge, and skills and determine their fitness for employment in the civil service.
The examination, which consists of both written and oral sections, tests the applicant's qualifications, knowledge, and abilities for the job. Applicants must have the necessary skills, experience, and knowledge to qualify for the position and must pass the examination to be considered for the job.
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Major camps of learning theories include Behaviorism,
_____________, and Constructivism.
Major camps of learning theories include Behaviorism, Cognitivism, and Constructivism. The major camps of learning theories, namely Behaviorism, Cognitivism, and Constructivism, provide different perspectives on how individuals acquire knowledge and develop skills.
Behaviorism focuses on observable behaviors and external stimuli. It suggests that learning is a result of the interaction between stimuli and responses. Behaviorists believe that learning occurs through conditioning, reinforcement, and punishment. They emphasize the importance of repetition and practice in shaping behavior.
Cognitivism, on the other hand, emphasizes the role of mental processes in learning. It views learners as active participants who actively process information, organize knowledge, and create meaning. Cognitivists emphasize the role of memory, attention, problem-solving, and information processing in learning. They highlight the importance of providing meaningful and organized instructional materials to facilitate learning.
Constructivism posits that learners actively construct knowledge by building on their prior experiences and interactions with the environment. It emphasizes the importance of hands-on, collaborative, and experiential learning. Constructivists believe that learners actively engage in sense-making, reflection, and critical thinking to construct their understanding of the world.
These three camps provide different frameworks for understanding learning and have implications for instructional design, teaching strategies, and assessment methods. Understanding these theories can help educators tailor their approaches to meet the diverse learning needs of students.
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RDP houses program Critical success factors i.e. factors that
will contribute to the building of RDP houses programme achieving
its objectives: (Max. 4 points of 2 lines per point)
The RDP (Reconstruction and Development Programme) houses program critical success factors are as follows:1. Effective planning: The program should be effectively planned and structured.
There should be a focus on understanding the requirements and challenges faced by the beneficiaries and how they can be addressed through the program.2. Efficient budgeting: Adequate funding is needed to ensure the successful implementation of the RDP houses program. Efficient budgeting, funding management, and cost control are critical success factors.3. Skilled workforce: A skilled workforce is essential for the success of the program. The workers must be competent and trained to carry out the necessary tasks.4. Community involvement: The involvement of the community is crucial to the success of the RDP houses program.
Community participation, support, and ownership will help ensure that the program meets the needs of the beneficiaries and achieves its objectives.The above critical success factors contribute significantly to the successful implementation of the RDP houses program.
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relative to plunge (big bang) implementation, _____ implementation carries less risk by limiting the impact of system failure to part of the organization or to the overall organization.
Relative to plunge (big bang) implementation, phased implementation carries less risk by limiting the impact of system failure to part of the organization or to the overall organization.
When it comes to implementing major changes or new systems within an organization, there are different approaches that can be taken. Two common approaches are plunge (big bang) implementation and phased implementation.
Plunge (big bang) implementation refers to a strategy where the new system or change is implemented across the entire organization in one swift and comprehensive move. In this approach, the old system is discontinued, and the new system is fully adopted and operational for the entire organization simultaneously.
On the other hand, phased implementation involves a gradual and incremental rollout of the new system or change. Instead of implementing it all at once, the implementation is divided into phases or stages. Each phase typically involves a specific subset of the organization, such as individual departments, regions, or functional areas. The new system is implemented in these selected areas while the rest of the organization continues to operate using the existing system. The implementation then progresses to subsequent phases until the entire organization is using the new system.
In terms of risk, phased implementation carries less risk compared to plunge implementation. The reason is that with phased implementation, any system failures or issues that may arise are limited in their scope and impact. If a problem occurs during the implementation of a particular phase, it can be addressed and resolved within that specific area or subset of the organization. The rest of the organization, which is still operating with the existing system, remains unaffected.
In contrast, plunge implementation poses higher risks because if a system failure or issue occurs during the full implementation, it can potentially impact the entire organization simultaneously. This can lead to widespread disruption, operational challenges, and negative consequences for the business.
By implementing changes in a phased manner, organizations can effectively manage and mitigate risks. They can identify and address any issues that arise during each phase, learn from the implementation experience, and make necessary adjustments before moving on to the next phase. This iterative approach allows for smoother transitions, reduced disruptions, and better adaptability to unexpected challenges.
Overall, while both approaches have their merits depending on the specific circumstances, phased implementation is generally considered a less risky approach due to its ability to limit the impact of system failures to specific areas or subsets of the organization, ultimately minimizing the potential disruption and negative consequences.
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You are working at a medical device startup, reporting to the Vice President of R&D. The device you were developing was attached to the wrist and used in the hospital operating room. Over a month, you and another engineer conducted many experiments on our wrists. At the end of the month, when your wrists began to ache, you went to the biomedical library to investigate the cause of this constant pain.
Through three journal articles, you discovered that you had given yourself carpal tunnel syndrome. The work the other engineer and you had been conducting involved applying pressure to our wrists that, when measured with an external pressure sensor, exceeded 200 mmHg. According to the articles, the median nerve within the carpal tunnel would be compromised if the pressure exceeded nine mmHg below diastolic blood pressure (typically 60 mmHg). You tell my supervisor that patients using our device might get injured. Though he thought you were exaggerating and hypothesized you might have an "unusual" wrist, you insisted injury was possible. Eventually, he asked me to tell our principal investigator of experiments in the operating room, an anesthesiologist, about my pain.
The anesthesiologist immediately arranged for a meeting with a vascular surgeon and hand surgeon to discuss my findings.
At this meeting, the CEO, the VP of Marketing, the VP of R&D, a mechanical engineer, and you discussed your findings with the anesthesiologist, vascular surgeon, and hand surgeon. The three physicians agreed that you had given yourself carpal tunnel syndrome. Even worse, because the device was mounted on a steel wrist brace completely encircling the wrist, the two surgeons believed that too little blood would circulate to the hand during a long surgery, causing tissue necrosis (tissue death). As we left the meeting, the VP of Marketing joked, "So you go in for hip surgery, but come out without a hand. Is this bad?!"
A few days later, we had our quarterly meeting with our technical advisor, an anesthesiologist. This technical advisor was on the Board of Directors. When the technical advisor heard about carpal tunnel syndrome and tissue necrosis, he immediately mandated that the wrist brace design change. After the meeting, he apologized for our pain and told the mechanical engineer and you that our company would pay for any treatment we needed but not compensate for the pain and suffering.
-Using a socio-technical approach, discuss the ethical issues you find in this case and a possible mitigation strategy. Be thorough in your analysis. Your response structure will assist you in this task.
The medical device startup faced a dilemma when it was discovered that their wrist device was causing harm to patients.
The employees who tested the device, including the Vice President of R&D and the mechanical engineer, were exposed to the harm and the medical advisor on the board of directors mandated a change to the wrist brace design. Ethical issues exist in this case in the form of patient safety and employee welfare. A possible mitigation strategy is to prioritize patient safety and employee welfare through design changes and compensation.
In this case, the ethical issue concerns patient safety and employee welfare. The pressure applied by the wrist device exceeded safe levels and caused carpal tunnel syndrome and tissue necrosis. As a result, patients using the device might be injured, and employees who tested the device were harmed. Therefore, a mitigation strategy should prioritize patient safety and employee welfare through design changes and compensation.
In conclusion, the medical device startup in this case study faced ethical issues related to patient safety and employee welfare. A mitigation strategy prioritizing patient safety and employee welfare through design changes and compensation would help the company overcome these issues.
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Which of the following is the most accurate characterization of stakeholder theory?
an approach to understanding a firm, which involves balancing multiple internal and external performance metrics in order to gain a competitive advantage
an approach to understanding a firm as being in a highly competitive industry, which requires the use of effective market capitalization to gain a competitive advantage
an approach to understanding a firm, which involves balancing tangible assets and intangible assets to achieve high accounting profitability
an approach to understanding a firm as embedded in a network of internal and external constituencies that each make contributions and expect consideration in return
The most accurate characterization of stakeholder theory is:
An approach to understanding a firm as embedded in a network of internal and external constituencies that each make contributions and expect consideration in return.
Stakeholder theory is a framework that recognizes that a firm is not only influenced by its shareholders but also by a wide range of individuals and groups who have a stake or interest in the firm's activities and outcomes.
These stakeholders can include employees, customers, suppliers, communities, and even the natural environment. According to stakeholder theory, a firm should consider the interests and expectations of all these stakeholders and strive to create value for them.
The characterization mentioned highlights the key aspect of stakeholder theory, which is the recognition of a firm's embeddedness in a network of various constituencies. It acknowledges that each stakeholder group contributes to the firm's success in different ways and expects their interests to be taken into account.
By considering and balancing the diverse needs and expectations of stakeholders, a firm can build positive relationships, enhance its reputation, and achieve long-term sustainable performance. This perspective contrasts with a narrow focus solely on maximizing shareholder value and emphasizes the importance of broader stakeholder management in achieving organizational goals.
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Bridgeport Company is considering the purchase of a new machine. The invoice price of the machine is $83,030, freight charges are estimated to be $3,990, and installation costs are expected to be $7,600. The annual cost savings are expected to be $19,000 for 10 years, Calculate the cash payback period. (Round answer to 2 decimal places, eg. 15.25.) years eTextbook and Media
The cash payback period for the investment in the new machine is approximately 0.50 years (or 0 years and 6 months).
To calculate the cash payback period, we need to determine how long it will take for the cumulative cash inflows to equal or exceed the initial investment.
Step 1: Calculate the initial investment
Initial investment = Invoice price + Freight charges + Installation costs
Initial investment = $83,030 + $3,990 + $7,600
Initial investment = $94,620
Step 2: Calculate the annual cash inflow
Annual cash inflow = Annual cost savings
Annual cash inflow = $19,000
Step 3: Determine the cash inflows per year
Cash inflows per year = Annual cash inflow × Number of years
Cash inflows per year = $19,000 × 10
Cash inflows per year = $190,000
Step 4: Calculate the cumulative cash inflows
Cumulative cash inflows = Cash inflows per year × Number of years
Cumulative cash inflows = $190,000 × Number of years
Step 5: Determine the cash payback period
Cash payback period is the number of years it takes for the cumulative cash inflows to equal or exceed the initial investment. We can calculate it by dividing the initial investment by the cash inflows per year.
Cash payback period = Initial investment / Cash inflows per year
Cash payback period = $94,620 / $190,000
Cash payback period ≈ 0.50 years
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8. The impact of international capital flows Suppose that the following graph depicts the market for funds in the U5 credit market. The blue line, labeled D, represents the demand for funds. The supply curve labeled s
1
represents the supply curve of funds from American sources, with no foreign funds in the market. The supply curve labeled s
2
represents the supply curve of funds from both American and foreign sources. Without influence from foreign sources of funds, the long-term equilibrium interest rate is %. With influence from foreign funds, the longterm equilibrium interest rate is %. The following graph depicts the market for business investments in the United States. The green line represents the relationship between the longterm interest rate and the amount of business investments. Use the black point (plus symbol) to plot the point that represents the cambination of business investment and long-term interest rate that comes about when there is no influence from foreign funds. Then, use the grey point (star symbol) to plot the point that represents the combination of business investment and Iong-term interest rate when the influence from foreign funds is accounted for.
Without influence from foreign sources of funds, the long-term equilibrium interest rate is unknown. With influence from foreign funds, the long-term equilibrium interest rate is also unknown.
The given information does not provide specific numerical values for the equilibrium interest rates in either scenario. Therefore, it is not possible to calculate or determine the exact equilibrium interest rates without additional data.
Based on the information provided, we cannot determine the specific equilibrium interest rates in the presence or absence of foreign funds. The graph and description only provide a visual representation of the market for funds and business investments without any numerical values. To obtain the equilibrium interest rates, we would need more data, such as the specific demand and supply quantities at various interest rates or additional information on the relationship between interest rates and business investments.
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When foreign funds enter the U5 credit market, this increases the supply of funds, lowers long-term interest rates, and encourages business investments.
Explanation:The graph depicts the function of international capital flows on the U5 credit market. In the absence of foreign funds, the equilibrium interest rate is set by the intersection of the supply and demand curve, or where American sources of funds are willing to lend and American businesses are willing to borrow. This is represented by the blue line (D) and the first supply curve (S1).
When foreign funds are introduced to the market, the supply curve shifts rightwards, represented by the second supply curve (S2). This increase in supply reduces the long-term equilibrium interest rate. The green line on the second graph represents the rate of business investment. When interest rates are lower, businesses are more willing to borrow and invest, leading to an increase in business investment.
Thus, international capital flows have a significant impact on business investments and interest rates in the U5 credit market. This is illustrated by the shift from the black point (plus symbol), which represents the situation without foreign influence, to the grey point (star symbol), which represents the situation with foreign influence.
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Is information technology helping managers communicate more
efficiently and effectively? Explain your answer.
Information technology has significantly improved communication efficiency and effectiveness for managers. It has revolutionized the way managers communicate by providing various tools and platforms.
That enable instant and seamless communication across different locations and time zones. This has led to faster decision-making, improved collaboration, and enhanced productivity in organizations.
Information technology has revolutionized communication for managers by providing a wide range of tools and platforms that facilitate efficient and effective communication. The advent of email, instant messaging, video conferencing, and collaboration software has made communication faster, more accessible, and more convenient. Managers can now communicate with their teams, colleagues, and stakeholders instantly, regardless of geographical barriers.
Moreover, information technology has enabled real-time sharing of information, data, and documents. Managers can access and share important information with their teams instantly, eliminating the need for physical documents and time-consuming manual processes. This ensures that everyone has access to the most up-to-date information, enabling informed decision-making and improved coordination among team members.
Additionally, information technology has improved the effectiveness of communication by providing various communication channels and formats. Managers can choose the most appropriate medium for different communication needs, whether it's a quick email, a video conference for more complex discussions, or an online collaboration platform for team projects. This flexibility allows managers to tailor their communication to the specific needs and preferences of their audience, resulting in clearer and more effective communication.
In conclusion, information technology has greatly enhanced communication efficiency and effectiveness for managers. It has provided tools and platforms that enable instant communication, real-time information sharing, and flexible communication formats, leading to faster decision-making, improved collaboration, and increased productivity in organizations.
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A toy store named Twirlybirds is looking to expand their business. To do so, they are
seeking a loan from your company. You obtained the following financial statements from
Twirlybirds:
Twirlybirds
Balance Sheet
As at December 31
202020192018
ASSETS
Cash $ 23,170 $ 27,326 $ 21,936
Temporary investments 29,645 11,097
Accounts receivable 30,050 31,721 31,471
Inventory 74,727 55,253 63,094
Prepaid insurance 4,499 4,105 4,474
Long-term investments 38,478 55,671 49,434
Land 22,117 22,117 22,117
Equipment (net) 142,779 131,280 142,020
Goodwill 41,188 41,188 41,188
Total Assets $ 406,653 $ 379,758 $ 375,734
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable $ 50,989 $ 51,094 $ 49,125
Unearned revenue 24,201 16,796 20,387
Long-term liabilities 43,739 36,978 41,986
Common shares 157,643 157,643 157,643
Retained earnings 130,081 117,247 106,593
Total Liabilities and Shareholders' Equity $ 406,653 $ 379,758 $ 375,734
Twirlybirds
Income Statement
For the years ending December 31
20202019
Net sales (80% on credit) $ 1,427,028 $ 1,318,540
Cost of goods sold 849,964 922,123
Gross profit 577,064 396,417
Operating expenses 255,650 259,994
Operating income (loss) 321,414 136,423
Interest expense 5,280 5,794
Income (loss) before taxes 316,134 130,629
Income tax expense (recovery) 79,034 32,657
Profit $ 237,100 $ 97,972
Perform a liquidity analysis on Twirlybirds by doing the following:
1. Calculate the 9 liquidity ratios listed below for Twirlybirds for 2019 and 2020. (18 marks)
Round your calculations to 2 decimal places.
2. Indicate whether each ratio for Twirlybirds has gotten better or worse from 2019 to 2020
(4.5 marks)
3. Below are the industry averages for each ratio. Indicate whether each ratio you calculated for
Twirlybirds is favourable or unfavourable when comparing to the industry average.
(4.5 marks)
4. Give your overall opinion on whether your company will loan money to Twirlybirds to
fund their expansion. Provide at least 2 reasons to back up your opinion (2 assumptions you
made based on your liquidity analysis - be specific and refer to your calculations). (5 marks)
Ratios Industry average
A. Current ratio 1.44to 1
B. Quick ratio 0.65to 1
C. AR turnover 4.39times
D. Days sales uncollected 91.98days
E. Inventory turnover 8.83times
F. Days sales in inventory 46.96days
G. Total asset turnover 1.05times
H. AP turnover 8.36times
I. Days to pay AP 43.71days
Current Ratio = Current Assets / Current Liabilities
2019: Current Assets = $116,648 (Cash + Temporary investments + Accounts receivable + Inventory + Prepaid insurance)
Current Liabilities = $76,890 (Accounts payable + Unearned revenue)
Current Ratio (2019) = $116,648 / $76,890 = 1.51
2020: Current Assets = $157,091 (Cash + Temporary investments + Accounts receivable + Inventory + Prepaid insurance)
Current Liabilities = $75,190 (Accounts payable + Unearned revenue)
Current Ratio (2020) = $157,091 / $75,190 = 2.09
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
2019: Quick Ratio (2019) = ($116,648 - $55,253) / $76,890 = 0.85
2020: Quick Ratio (2020) = ($157,091 - $74,727) / $75,190 = 1.05
Accounts Receivable (AR) Turnover = Net Sales / Average Accounts Receivable
2019: AR Turnover (2019) = $1,318,540 / (($31,721 + $31,471) / 2) = 41.77
2020: AR Turnover (2020) = $1,427,028 / (($30,050 + $31,721) / 2) = 45.35
Days Sales Uncollected = 365 / AR Turnover
2019: Days Sales Uncollected (2019) = 365 / 41.77 = 8.74 days
2020: Days Sales Uncollected (2020) = 365 / 45.35 = 8.05 days
Inventory Turnover = Cost of Goods Sold / Average Inventory
2019: Inventory Turnover (2019) = $922,123 / (($55,253 + $63,094) / 2) = 18.41
2020: Inventory Turnover (2020) = $849,964 / (($63,094 + $74,727) / 2) = 12.01
Days Sales in Inventory = 365 / Inventory Turnover
2019: Days Sales in Inventory (2019) = 365 / 18.41 = 19.84 days
2020: Days Sales in Inventory (2020) = 365 / 12.01 = 30.40 days
Total Asset Turnover = Net Sales / Average Total Assets
2019: Total Asset Turnover (2019) = $1,318,540 / (($379,758 + $375,734) / 2) = 3.51
2020: Total Asset Turnover (2020) = $1,427,028 / (($406,653 + $379,758) / 2) = 3.80
Accounts Payable (AP) Turnover = Net Credit Purchases / Average Accounts Payable
2019: AP Turnover (2019) = $849,964 / (($51,094 + $49,125) / 2) = 34.26
2020: AP Turnover (2020) = $922,123 / (($50,989 + $51,094) / 2) = 35.88
Days to Pay AP = 365 / AP Turnover
2019: Days to Pay AP (2019) = 365 / 34.26 = 10.66 days
2020: Days to Pay AP (2020) = 365 / 35.88 = 10.18 days
Comparison to Industry Averages:
a. Current Ratio:
2019: Twirlybirds (1.51) > Industry Average (1.44) [Favorable]
2020: Twirlybirds (2.09) > Industry Average (1.44) [Favorable]
b. Quick Ratio:
2019: Twirlybirds (0.85) < Industry Average (0.65) [Unfavorable]
2020: Twirlybirds (1.05) > Industry Average (0.65) [Favorable]
c. AR Turnover:
2019: Twirlybirds (41.77) > Industry Average (4.39) [Favorable]
2020: Twirlybirds (45.35) > Industry Average (4.39) [Favorable]
d. Days Sales Uncollected:
2019: Twirlybirds (8.74) < Industry Average (91.98) [Favorable]
2020: Twirlybirds (8.05) < Industry Average (91.98) [Favorable]
e. Inventory Turnover:
2019: Twirlybirds (18.41) > Industry Average (8.83) [Favorable]
2020: Twirlybirds (12.01) > Industry Average (8.83) [Favorable]
f. Days Sales in Inventory:
2019: Twirlybirds (19.84) < Industry Average (46.96) [Favorable]
2020: Twirlybirds (30.40) > Industry Average (46.96) [Unfavorable]
g. Total Asset Turnover:
2019: Twirlybirds (3.51) > Industry Average (1.05) [Favorable]
2020: Twirlybirds (3.80) > Industry Average (1.05) [Favorable]
h. AP Turnover:
2019: Twirlybirds (34.26) > Industry Average (8.36) [Favorable]
2020: Twirlybirds (35.88) > Industry Average (8.36) [Favorable]
i. Days to Pay AP:
2019: Twirlybirds (10.66) < Industry Average (43.71) [Favorable]
2020: Twirlybirds (10.18) < Industry Average (43.71) [Favorable]\
Overall Opinion on Loan Approval:
According to the liquidity research, Twirlybirds has better liquidity ratios than the industry averages in the majority of categories. The company's statistics for inventory turnover, accounts payable turnover, accounts receivable management, and current liquidity have all improved. These indicators point to effective asset and liability management of Twirlybirds. The favourable outlook is a result of the solid cash position, increased sales, and successful management of receivables and payables. A minor issue about inventory management is however raised by the rise in days sold in inventory from 2019 to 2020.
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what does a comment in visual basic code begin with
In Visual Basic code, a comment begins with an apostrophe (').
A comment is used to add explanatory or descriptive text within the code that is not interpreted or executed by the compiler or interpreter. It is a way to document and provide clarity about the purpose, functionality, or logic of the code for future reference or collaboration with other developers.
When an apostrophe is placed at the beginning of a line or after a statement in Visual Basic, the entire line following the apostrophe is treated as a comment and is ignored during the code execution. Comments are helpful for code readability, maintenance, and understanding the code's intent, especially for other programmers who may be working on the same project.
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Q3. A business has trade payables of £39,000 as at 31 March 2022 . During the year, the following transactions had arisen:
- Cash purchases, £20,000
- Credit purchases, £165,000
- Cash paid to suppliers to settle credit purchases, £153,000
- Cash received from credit customers, £205,000
- Bad debts, £10,000
a) Calculate the trade payables balance as at 1 April 2021? 2 marks The same business uses FIFO to measure its inventory. An inventory record, extracted from the system shows:
- 31 March 2021 1,000 units at cost of £30 per unit Page 7 of 9
- Purchases during the year
2,000 units at cost of £34 per unit
1,000 units at cost of £33 per unit
1,500 units at cost of £32 per unit
1,000 units at cost of £36 per unit
- Sales during the year 3,500 units at £60 per unit
b) Calculate the inventory value at 31 March 2022 3 marks
c) Calculate the gross profit for the year ended 31 March 2022
2 marks
a) To calculate the trade payables balance as of April 1, 2021, we need to consider the credit purchases and cash paid to suppliers during the year. The trade payables balance at the end of the year is given as £39,000. We can calculate the balance at the beginning of the year as follows:
Trade Payables at April 1, 2021 = Trade Payables at March 31, 2022 - Credit Purchases + Cash Paid to Suppliers
Trade Payables at April 1, 2021 = £39,000 - £165,000 + £153,000
Trade Payables at April 1, 2021, = £27,000
b) To calculate the inventory value on March 31, 2022, we need to consider the purchases and sales during the year. Using the FIFO method, we assume that the first units purchased are the first ones sold. The calculation is as follows:
Inventory at March 31, 2022 = Opening Inventory + Purchases - Cost of Goods Sold
Inventory at March 31, 2022 = (1,000 units × £30 per unit) + (2,000 units × £34 per unit) + (1,500 units × £32 per unit) + (1,000 units × £36 per unit) - (3,500 units × £60 per unit)
Inventory at March 31, 2022 = £30,000 + £68,000 + £48,000 + £36,000 - £210,000
Inventory at March 31, 2022 = £72,000
c) To calculate the gross profit for the year ended March 31, 2022, we need to consider the sales and cost of goods sold. The calculation is as follows:
Gross Profit = Sales - Cost of Goods Sold
Gross Profit = (3,500 units × £60 per unit) - (3,500 units × average cost per unit)
Gross Profit = £210,000 - (£30,000 + £68,000 + £48,000 + £36,000) / 7,500 units
Gross Profit = £210,000 - £182,000
Gross Profit = £28,000
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. Nature of any governmental fund balance sheet classifications
related to expenditures -
______________________________________________________________________________________________________________
Governmental funds have five types of fund balances classified on their balance sheet. The five categories of fund balances, according to the nature of the governmental fund balance sheet classifications related to expenditures are as follows:
1. Nonspendable fund balance: This fund balance is divided into two categories, both of which are not available for spending. Prepaid assets, such as prepaid insurance, are the first category of nonspendable fund balance. The second category is resources that are legally or contractually constrained and can only be used for a specific purpose (for example, an endowment for the purchase of textbooks).
2. Restricted fund balance: These fund balances are restricted by external factors or constitutional provisions that specify how and for what purposes they may be used. Restricted fund balance can also be used to make payments to debt service funds.
3. Commitments: Commitments are formal binding arrangements between the government and other parties that obligate the government to spend funds in the future. Funds set aside for a specific purpose are referred to as committed fund balances. The government is bound by a specific resolution or ordinance that establishes the commitment and can only use the funds for that purpose.
4. Assigned fund balance: If the government does not have enough resources in the nonspendable, restricted, or committed categories, it may assign resources to a specific purpose. Assigned fund balances refer to amounts designated for a specific purpose by the government that is neither restricted nor committed.
5. Unassigned fund balance: The remaining fund balance after nonspendable, restricted, committed, and assigned fund balances have been exhausted is referred to as unassigned fund balance. The funds in this category are generally available for use in any manner the government sees fit.
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What is the final step in a ghost employee scheme?
Terminate the ghost employee
Distribute the check to the ghost employee
Enter payroll expense into the accounting system
Supervisor authorization
The final step in a ghost employee scheme is to distribute the check to the ghost employee.
In a ghost employee scheme, a fictitious employee is created on the payroll system to fraudulently receive payments.
scheme involves adding the ghost employee to the payroll, entering their hours or salary, and generating paychecks. The final step is to distribute the paycheck to the ghost employee.
Terminating the ghost employee may be a step taken in some cases to cover up the fraud or avoid suspicion. However, it is not necessarily the final step in the scheme.
Entering payroll expense into the accounting system is an earlier step in the scheme, as the fraudulent payroll expenses need to be recorded to manipulate financial records.
Supervisor authorization may be involved in the scheme, as a colluding supervisor or manager may approve the addition of the ghost employee and the payment of their wages. However, it is not the final step.
The distribution of the paycheck to the ghost employee is the last step in the ghost employee scheme, as it completes the fraudulent process of diverting funds to the fictitious employee.
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modern organization value diversity yet diversity may pose several
risks
discuss ways in which diversity may pose a risk to
a) employees
b) the organization
a) Employees may face risks from diversity in terms of communication challenges, unconscious biases leading to exclusion, and increased conflict among diverse team members.
b) The organization may be at risk due to higher turnover, decreased employee satisfaction, internal conflicts, and missed business opportunities if diversity is not effectively managed.
a) Employees may be at danger from diversity in a number of ways. First off, communication issues caused by language or cultural limitations or both may cause misunderstandings and reduced productivity in diverse teams. Second, it's possible for unconscious prejudices and stereotypes to persist inside a variety of organizations, which can lead to exclusion and discrimination against particular people or groups. Thirdly, diversity may generate stress and conflict among workers with various viewpoints and backgrounds, which could impede teamwork and collaboration.
b) The organization may also be at risk as a result of diversity. Higher employee turnover and lower employee satisfaction in a diverse workforce can have an adverse effect on the performance of the entire organisation. Ineffective management of diversity may also cause internal disputes that impede collaboration, imagination, and innovation.
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Sandhill Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The fease is for an 8 -year period and requires equal annual payments of $31,903 at the beginning of each year. The first payment is received on January 1,2020. Sandhill had purchased the machine during 2019 for $127,000. Collectibility of lease payments by Sandhill is probable. Sandhill set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Sandhill at the termination of the lease. Click here to view factor tables. (a) Compute the amount of the lease receivable. (For calculotion purposes, use 5 decimal ploces as displayed in the foctor toble provided and round final answer to O decimal places e.g. 5.275.) Amount of the lease receivable
The amount of the lease receivable is approximately $651,208.08.
Given data:
Sandhill Company leased a machine to Dexter Corporation on January 1, 2020.The lease is for an 8-year period and requires equal annual payments of $31,903 at the beginning of each year.Sandhill had purchased the machine during 2019 for $127,000.The machine has an economic life of 10 years with no residual value and reverts to Sandhill at the termination of the lease.Sandhill set the annual rental to ensure a 6% rate of return.Solution, calculate the present value of an annuity due (PVAD) of $1 per year for eight years at a rate of 6% per year using the formula:
PVAD = $31,903 × (1 - 1 / (1 + 0.06) ^ 8) / 0.06 × 1PVAD = $31,903 × 5.328152PVAD = $169,981.23Calculate the present value (PV) of the machine for the lease term:
PV = $127,000 × 3.791275 (from the table)PV = $481,226.85The amount of the lease receivable is the sum of PVAD and PV:
Amount of the lease receivable = $169,981.23 + $481,226.85Amount of the lease receivable = $651,208.08Therefore, the amount of the lease receivable is $651,208.08.
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the total revenue for j-money’s t-shirt shop is calculated as ________.
The total revenue for J-Money's T-shirt shop is calculated as the amount of money that is generated through the sales of T-shirts.
It can be obtained by multiplying the quantity of T-shirts sold by the selling price of each T-shirt.
The formula for calculating total revenue is given as follows:
Total revenue = Price per unit × Quantity sold
The total revenue earned by J-Money's T-shirt shop can be used to determine the profitability of the business.
It is important for businesses to keep track of their revenue to ensure that they are earning enough to cover their expenses and make a profit. In addition, revenue can be used to analyze trends in consumer behavior and sales performance.
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