The period between normal and crash times is the minimal total project cost period.
What do you mean by project costs?Project costs are the sum of the money required to cover and finish a commercial transaction or work project. Project expenses include: Direct costs are those expenses directly associated with the project and required to finish it.
Why is knowing a project's entire cost important?The project will have to deal with major repercussions if the Total Project Cost is not accurately anticipated. It will directly affect the project's scope, quality, and schedule. Cost overruns will result as a result.
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Crafted Metal Works, Inc., offers to design, make, and sell Downtown Transit Agency fourteen streetcars. Crafted Metal authorizes a particular mode of communication, but Downtown Transit sends an acceptance via a substituted means. This acceptance is effective when it is
a. in transit.
b. received.
c. sent.
d. written.
A covenant not to sue prohibits future claims, but the party who signs the document is still free to sue if the other party violates the covenant.
The Correct Answer is Option b. Received.
What is a Covenant Not To Sue?An agreement called a "covenant not to sue" forbids one or more parties from bringing legal action against the other. For instance, buyers frequently request covenants not to sue from sellers in the world of mergers and acquisitions. Both parties typically gain from signing the contract because it helps to avoid pricey and drawn-out litigation in the event of a botched merger or acquisition.A covenant not to sue prohibits future claims, but the party that signs the instrument is still free to sue if the other party violates the covenant. A party or parties are vulnerable to any claim or lawsuit if they don't sign a covenant not to sue.To Learn more About covenant not to sue refer to:
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cash flows from financing activities can include: a. acquiring long-lived assets. b. issuing long-term debt. c. purchasing inventory on credit. d. selling goods on credit.
Cash flows from the financing activities can include issuing long-term debt.
What is cash flow?The term "cash flow" is typically used to describe payments that are expected to happen in the future, are therefore uncertain, and therefore need to be forecast with cash flows. A cash flow's time t, nominal amount N, currency CCY, and account A all contribute to its determination. A cash flow is a real or virtual movement of money because a cash flow in its narrow sense is a payment (in a currency), especially through one central bank account to another. To describe (symbolic) payments into or out of a business, project, or financial product, the term "cash flow" is frequently used in a less precise sense.
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which of the following amounts paid by an employer to an employee is not subject to withholding? a.salary. bmissions. c.reimbursement of expenses under a non-accountable plan. d.bonus. e.all of these choices are subject to withholding.
reimbursement of expenses under a non-accountable plan is not subject to withholding.
Instead of being paid by the income receiver, tax withholding, also known as tax retention, is paid to the government by the payer of the income. Thus, the tax is either withheld from or subtracted from the recipient's due income. Employment income is subject to tax withholding in the majority of jurisdictions.
When the withholding is done in advance, the tax is typically viewed as a payment on account of the recipient's eventual tax burden. The difference between the recipient's tax responsibility and the amount withheld may be repaid if a tax return is filed and shows that the recipient owes less tax than was withheld, or further tax may be owed in that case. In some circumstances, the recipient's tax due is deemed to have been discharged by the withheld tax, and no tax return or additional payment is necessary.
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which principle ensures auditing processes are managed by someone other than the employees whose activities are being audited?
The Principle of Least Privilege (PoLP) ensures that audit processes are managed by someone other than the employees whose activities are being audited.
What is the principle of least privilege?It corresponds to a form of internal audit that is conducted by a professional who is not related to the audited activities, so that ethics, information security and reliability are maintained.
Therefore, the principle of least privilege ensures that information is intended for individuals to carry out their tasks, without some type of privilege for this or authority to make decisions for their own benefit or that of third parties.
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the process of communicating the income and expenses of a business and its financial health is known as .
Accounting. the process of explaining a company's earnings, costs, and financial standing.
What steps do you take to manage your income and expenses?private money management. is the process of keeping your income and expenses under control. strategy for automatic deductions. Your paycheck is automatically withheld from your savings account and deposited, preventing you from having access to the money.
What phrase describes a component of the formal record-keeping of commercial transactions?The systematic recording and organization of financial transactions in a business is known as bookkeeping.
What three categories of accounting are there?The three types of accounting that a corporation might use to track its income are managerial accounting, financial accounting, and cost accounting.
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in traditional costing, blank costs are assigned to products. multiple choice question. neither manufacturing nor selling and administrative both manufacturing and selling and administrative only manufacturing only selling and administrative
In conventional costing, products are given manufacturing costs.
Explain about the traditional costing?The allocation of factory overhead to goods based on the quantity of production resources used is known as traditional costing. With this method, overhead is typically calculated based on the number of hours of direct labour or the number of hours of machine utilisation.
The traditional costing system and the activity-based costing system are the two fundamental costing methods that assist in identifying all direct and indirect costs so that you may determine prices with accuracy. Despite the fact that both techniques are useful accounting tools, they each have certain advantages and disadvantages.
When a company's overhead is modest in comparison to its direct costs of production, traditional costing is most effective.
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your portfolio consists of 3 stocks. the chart below shows the dollar value of each stock in your portfolio what is the beta of your portfolio?
The portfolio of beta will be 1.44 considering the weights of all stock and their value of beta.
Given information:
Weight of stock A =8,041/23,440 = 0.34304
Weight of stock B = 7,267/23,440=0.310025
Weight of stock C= 8,132/23,440 = 0.3469
Beta of stock A, B &c are 0.51,1.66 and 2.18 respectively
Portfolio beta = weight of stock A*Beta of A+ Weight of stock B*Beta of B +Weight of stock c*Beta of C
Portfolio beta= 0.34304*0.51+0.310025*1.66+0.3469*2.18= 1.445
An individual, a financial institution, or an investing firm may hold a portfolio, which is a combination of capital instruments and investment tools. Understanding a portfolio's foundations as well as the factors that affect it is crucial for building a profitable portfolio.
According to the definition of a portfolio, this is an assortment of different assets that investors own. The above group of financial assets could also include valuable items like gold, equities, funds, derivatives, real estate, cash equivalents, securities, etc.
The complete question is here:
your portfolio consists of 3 stocks. the chart below shows the dollar value of each stock in your portfolio what is the beta of your portfolio?
Stock MV Beta Volatility
A $8,041 0.51 15.01%
B $7,267 1.66 22.6%
C $8,132 2.18 38.7%
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Each year, top sales consultants for Mary Kay Cosmetics earn the use of a signature pink Cadillac, and the keys are presented to these consultants at an elaborate awards banquet. This is an example of the use of ______ to reinforce organizational culture.
ceremonies
Each year, top sales consultants for Mary Kay Cosmetics earn the use of a signature pink Cadillac, and the keys are presented to these consultants at an elaborate awards banquet. This is an example of the use of rite or rituals to reinforce organizational culture.
Rite and rituals in a company is regulated for a supportive culture and appreciation of the work of employees. It motivates the employees to achieve more accomplishments. The team celebrates such achievements as a part of rite and rituals in the company.
It creates a positive working environment and boosts the morale of employees. Sharing lunch together or departmental celebration monthly or weekly for employee appreciation are all a part of rite and rituals in a company.
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park corporation is planning to issue bonds with a face value of $2,004,000 and a coupon rate of 10 percent. the bonds mature in 15 years and pay interest semiannually every june 30 and december 31. all of the bonds were sold on january 1 of this year. park uses the effective-interest amortization method and does not use a premium account. assume an annual market rate of interest of 8.5 percent. (fv of $1, pv of $1, fva of $1, and pva of $1) note: use appropriate factor(s) from the tables provided. required: 1. and 2. prepare the journal entry to record the issuance of the bonds and the interest payment on june 30 of this year. 3. what bonds payable amount will park report on its june 30 balance sheet?
Bond Payable will be reported at the value of $2157080 [$2252825.85-95745.10] on its june 30 balance sheet.
PRICE of Bond = Present value of sum of interest payment in future + PV of redemptioon amount
n = 15 years*2 = 30 periods
req. rate of return (i)= 8.5%/2 = 4.25%
interest = $2,001,000*4.5% = $100050
Present value of sum of interest payment = Interest * (Sum of PV of rate of intt * n years)
= $100,050*SUM OF pvf Of 4.25% for 30 periods = $100,050*16.779
= $ 1,678,738.95
PV of redemtion amt = Redemption amount * PV of 4.25% of 30th period
= $2,001,000*0.2869 =$ 574,086.90
PV of Bond = $1,678,739+574,086 = $ 2,252,825.85
To Bond $ 2,001,000.00
Bond Payable will be reported at the value of $2157080 [$2252825.85-95745.10] on its june 30 balance sheet.
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Consider the liquidity preference theory of the term structure of interest rates. On average, one would expect investors to require: A. a higher yield on short term bonds than long term bonds; B. a higher yield on long term bonds than short term bonds; C. the same yield on both short term bonds and long term bonds; D. the liquidity preference theory cannot be used to make any of the other statements
On average, one would expect investors to require a higher yield on short term bonds than long term bonds. According to the Liquidity Preference Theory.
Investors should expect a higher interest rate or premium for riskier securities with extended maturities because, when all other things are equal, they favor cash or other highly liquid investments. In order to determine interest rates, John Maynard Keynes' liquidity preference theory focuses on the supply and demand for money. He argues that since interest rates represent the cost of borrowing money, people would prefer to keep their cash on hand rather than invest it in assets.
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Paul drives a truck as an employee for quick delivery, inc. Paul would most likely be considered acting outside of the scope of her employment if he.
Paul drives a truck as an employee for quick delivery, inc. Paul would most likely be considered acting outside of the scope of her employment if she crashed into a car at the airport while off-duty, She would almost certainly be considered to be acting outside the scope of her employment.
What is Employment Scope?
The range of activities that an employee is reasonably expected to participate in as part of their job duties is referred to as the scope of employment in legal terms. Within this scope of activities, the employer may be held liable for their employee's actions if a third party is injured or otherwise harmed as a result of the employee's actions. In personal injury cases, the term is frequently used.
When the scope of a person's employment is called into question, it is usually to see if an employee's actions during an accident were part of their job. If not, the actions in question would be considered outside the scope of employment.
For instance, suppose an employee works in a warehouse and accidentally runs over a customer's foot while operating heavy machinery. It would be relatively simple to argue that the employee's actions were within the scope of their employment at the time of the accident. If the employee was not trained to operate the heavy machinery, this could be considered outside the scope of their employment.
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what are some different types of mutual funds? mutual funds are categorized based on certain criteria such as investment policies, investment objective and the risk and return profile of the investment assets.
The four primary categories of mutual funds—stock funds, money market funds, bond funds, and target-date funds—comprise the majority of the mutual funds accessible for investment.
Mutual funds: what are they?Depending on the risk-to-return ratio that you're looking for, there are various mutual fund classifications. Instead of placing all of your money in one investment, they let you spread it across a number of assets. A mutual fund manager chooses when and where to invest your money when managing a mutual fund. It is not assured that investments will increase in value or produce income. The initial investment made by the investor might not be recouped.
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select the two sectors that use the most energy in the united states (in 2020). multiple select question. A. transportation B. residential C. industrial D. commercial
Over 90% of the energy used in transportation is generated by petroleum, and 74% of the direct energy used in industry is generated by a combination of natural gas and petroleum.
What are the end-use sectors referred to as?Because they utilise primary energy and electricity generated, the transportation, industrial, commercial, and residential sectors are referred to as end-use sectors.Over 90% of the energy used in transportation is generated by petroleum, and 74% of the direct energy used in industry is generated by a combination of natural gas and petroleum.2020's final energy consumption structure was dominated by oil and petroleum products (35.0%), followed by electricity (23.2%) and natural gas (21.9%). Only 2.1% of the total energy consumed at the end-use level was provided by solid fossil fuels.To learn more about Transportation refer to:
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suppose the federal reserve (fed) decides the current money supply of $2.1 trillion is too low, and that an increase of $ 300 billion is necessary.
$15 billion is added to the adjustment in reserves required to reach the $300 billion goal.
What impact will the Fed's policy have on the money supply?Fed can cut the discount rate to raise the amount of money in circulation, which encourages banks to borrow more reserves from Fed. As a result, banks can issue more loans, which expands the money supply. Fed can increase the discount rate to reduce the money supply. The Federal Reserve purchases government bonds in order to expand the available currency.
What does "money multiplier" mean?To increase interest earnings, a bank lends or invests its excess reserves. The money supply grows by more than one dollar for every $1 rise in the monetary base. The money multiplier is the expansion of the money supply.
current reserve ratio= 0.05
Money multiplier: (1/.05)=20
$300 billion/20= $15billion
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The correct question is:
Suppose the Fed decides the current money supply of $2.1 trillion is too low, and that an increase of $300 billion is necessary. What tool can the Fed use to accomplish this increase? Assume the current reserve ration is .05. Calculate the change in reserves necessary to achieve the $300 billion increase
karr company borrowed $100,000 by signing a 5-year note payable at 8% interest. at the end of year 5, karr will repay the bank $146,933. at the time the note is signed, the $100,000 is referred to as the of the note payable.
The $100,000 is referred to as the of the note payable $8000
Accounts payable refers to the liability on the balance sheet that represents money owed by a company to its suppliers (AP). Liabilities for notes payable, on the other hand, are obligations established by formal legal instrument documents. Processing and analyzing supplier transactions, as well as ensuring that any outstanding invoices from suppliers are authorized, processed, and paid, are the main responsibilities of an accounts payable department. Key details must be taken note of and recorded into the company's bookkeeping or financial system while processing an invoice. Following this, the invoices must go through the company's unique business processes in order to be paid.
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When loans are amortized, monthly payments are ________ , while the amount of your monthly payment applied to interest ________ and the amount of your monthly payment applied to the principal _______ over time.
When loans are amortized, monthly payments are constant , while the amount of your monthly payment applied to interest decreases and the amount of your monthly payment applied to the principal increases over time.
What is Loan Amortization?
A fixed-rate loan is scheduled out into equal instalments through the amortisation process. Each instalment includes interest payments in part and loan principal payments in part. Using a loan amortisation calculator or table template is the simplest approach to determine payments on an amortised loan. The loan amount, interest rate, and loan period alone can be used to manually compute minimum payments.
For borrowers, lenders utilise amortisation tables to calculate monthly payments and provide a summary of loan repayment information. The use of amortisation tables, however, also enables borrowers to assess how much debt they can afford, assess how much they may save by making extra payments, and compute the total annual interest for tax purposes.
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An oligopolist (with few competitors) pays more attention to what her competitors are doing than a producer in a competitive market (with many competitors) does because:
An oligopolists (with few competitors) pays more attention to what his competitors are doing than a producer in a competitive market (with many competitors) does because oligopolists are not price takers.
What is meant by oligopolists?A market with an oligopoly has a small number of businesses that are aware of their interdependence in terms of pricing and production strategies. Each company has a reasonable amount of market power due to the small number of firms.
The term "oligopoly" describes a sector of the economy where only a few companies are active. No single company has a significant amount of market power in an oligopoly. As a result, no company can raise prices above what would be the case in a scenario of perfect competition.
An oligopoly occurs when a small number of businesses dominate a specific market. These businesses may control prices collectively through collusion, resulting in uncompetitive prices on the market.
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An oligopolists (with few competitors) pays more attention to what his competitors are doing than a producer in a competitive market (with many competitors) does because oligopolists are not price takers.
What is meant by oligopolists?A market with an oligopoly has a small number of businesses that are aware of their interdependence in terms of pricing and production strategies. Each company has a reasonable amount of market power due to the small number of firms.The term "oligopoly" describes a sector of the economy where only a few companies are active. No single company has a significant amount of market power in an oligopoly. As a result, no company can raise prices above what would be the case in a scenario of perfect competition.An oligopoly occurs when a small number of businesses dominate a specific market. These businesses may control prices collectively through collusion, resulting in uncompetitive prices on the market.To learn more about oligopoly refer to:
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Lunar Wealth, a subsidiary of Galaxy Financial, has prepared GIPS- compliant performance data and asks Galaxy's presidentabout his interest in presenting GIPS-compliant performance data, but he does not believe it is a priority. Lunar may:
a. claim partial compliance with GIPS if Lunar’s performancepresentations are in compliance.
b. not claim compliance with GIPS because compliance mustbe made on a company-wide basis.
c. claim compliance with GIPS as long as Lunar is presentedto the public as a distinct business entity
May claim compliance as long as it met reporting requirements and is advertised as a distinct business entity to the parent company.
In medicinal drug, affected person compliance (additionally adherence, capacitance) describes the degree to which a affected person correctly follows scientific advice. maximum usually, it refers to medicinal drug or drug compliance, however it can also follow to different situations consisting of medical tool use, self care, self-directed sporting activities, or remedy classes. each affected person and fitness-care provider have an effect on compliance, and a superb physician-affected person relationship is the most crucial thing in enhancing compliance.[1] get entry to to care performs a role in patient adherence, whereby extra wait instances to get right of entry to care contributing to extra absenteeism.[2] The value of prescription medicine also plays a first-rate position.[3]
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on december 1, home store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. warranty expense is estimated at 8% of sales. on january 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the parts inventory. prepare the december 1 entry to record the mower sale (and cost of sale), the december 31 adjusting entry for estimated warranty liability, and the january 24 entry to record the warranty repairs.
Journal entries are basically done to record the transaction that are taking place in a business organization.
Following are journal entries:
Sept. 1
Cash 500
To Sale 500
Sept. 1
Cost of goods sold 200
To Merchandise inventory 200
Sept. 1
Warranty expense 40
To Estimated warranty liability 40
Jan. 24
Estimated warranty liability 35
To Repair part inventory
In order to document a business recorded in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a special account and subsequently rolled forward towards the ledger accounts after being summarized. After then, the ledger is utilized to produce the company's financial statements.
Every business transaction should be documented in at least two places, according to the reasoning behind a journal entry.
The complete question is here:
Journal entry for product warranty
On September 1, home store sells a mower (that cost $200) for $500 cash with one year warranty that covers parts. Warranty expenses is estimates at 8% of sales. On January 24 the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the repair part inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
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you plan to develop a survey and would like to compute a single score to represent the construct you are measuring. which type of items should you use? group of answer choices open-ended forced alternative multiple choice likert scales
You plan to develop a survey and would like to compute a single score to represent the construct you are measuring. The type of items should you use is Likert scales.
A psychometric scale called a Likert scale is frequently used in studies that use questionnaires. Although there are different forms of rating scales, it is the most generally used method of sizing replies in survey research, leading to frequent usage of the phrase as a synonym for rating scale.
Likert made a distinction between a scale proper, which results from a group of respondents to a collection of questions, and the scoring system for replies along a range. A Likert scale solely pertains to the first informally. The distinction Likert established between the underlying phenomena under investigation and the method of recording variation that points to the underlying phenomenon accounts for the difference between these two ideas.
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a company discarded a computer system originally purchased for $8,600. the accumulated depreciation was $6,600. the company should recognize a (an):
A company discarded a computer system originally purchased for $8,600. the accumulated value for depreciation was $6,600. The company should recognize a (an): $800 loss
What is depreciation?In accounting, depreciation refers to a term that refers to two aspects of the same concept.First, the actual reduction in the fair value of the asset, such as the annual depreciation charge for plant equipment. The monetary value of an asset diminishes over time through use, wear and tear, or obsolescence.This reduction is measured as depreciation. explanation: Impairment, H.Impairment of assets can also be caused by many other factors, such as: B. Unfavorable market conditions, etc. Using the straight-line method of depreciation, the tractor depreciates by $5,000 per year, resulting in an accumulated depreciation of $20,000. When the book value equals the original salvage value, it is considered a fully depreciated asset.To learn more about depreciation from the given link :
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an inital increase in government spending of $100 billion can create more than $100 billion through what economists call a(n) effect
An initial increase in government spending of $100 billion can create more than $100 billion through what economists call a multiplier effect.
A small preliminary alternate in spending will bring about a bigger alternate in GDP because the spending alternate works it manner thru the economy. This is due to the fact an preliminary alternate in spending will purpose an preliminary growth in GDP and it additionally turns into earnings to a person else.
According to Keynesian economics, accelerated authorities spending increases combination call for and will increase consumption, which results in accelerated manufacturing and quicker restoration from recessions.
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which seven-step guidelines are designed to help organizations with compliance and reporting? ethical guidelines normative business ethics code of ethics federal sentencing guidelines
Federal sentencing guidelines are known as seven-step guidelines which are designed to help the organizations with compliance and reporting.
Federal sentencing guidelines are the set of rules defined by U.S sentencing commission for the organizations. These rules define a national standard to punish an individual who found guilty of federal felonies.
These guidelines must include fines, public notice of conviction, probation with respect to the organization. It is also important that the organization may take necessary steps to mitigate these guidelines in proper way.
The sentencing guidelines was developed with Sentencing Reform Act of 1984 for eliminating the disparities in sentences for similar criminal cases.
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Suppose the government imposes a price ceiling of $40 on this market. What will be the size of the shortage in this market?.
At P = $40, Demand = 1600 and supply = 400
Shortage = 1600 - 400 = 1200
Answer is D.
The fundamental relationship between supply and demand is the price of the thing and the quantities that would be bought at that price. The relationship is often negative, which means that a rise in price will result in a fall in the quantity demanded.
The consumer demand curve's decreasing slope is a physical representation of this negative relationship.
It makes sense and is obvious to assume that there is a negative association.
It would be a significant price increase, for instance, if a gallon of milk went from being $5 to $15. Because it is now significantly more expensive, the consumer will purchase less of that goods at the $15 price point.
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Complete Question
Suppose the government imposes a price ceiling of $40 on this market. What will be the size of the shortage in this market?
A.1600 units
B.0 units
C.400 units
D.1200 units
in widely held companies, what percentage ownership is generally enough for effective control if no one else owns more than a few percent?
It can be concluded to state that about fifteen to twenty-five percentage of ownership is generally considered as enough for the purpose of effective control if others do not hold over a few percent in the privately-held companies.
Private companies can be referred to or considered as the corporations that generally are not listed or traded publicly, and the ownership is shared through private placement of capital being employed by each of the member owners. Usually, having anything around one-fifth of the shares in a private company are considered as significant, and such owner gets higher rights related to voting, but also holds the highest risk over capital.
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True/False. Different types of social media are blogs, discussion forums, media-sharing networks, wikis, social bookmarking tools, social messaging apps, and social networking, news, and shopping platforms.
That blogs, discussion forums, media-sharing networks, wikis, social bookmarking tools, social messaging apps, and social networking, news, and shopping platforms are the different types of social media is true.
What is social media?Social media consists of all websites and applications that allow users to access, share ideas, maintain, and use them for their personal entertainment and platform.
Users of these websites and apps are allowed to register to have access to the sites and their resources and share ideas and materials with other users all over the world.
Thus blogs, discussion forums, media-sharing networks, wikis, social bookmarking tools, social messaging apps, and social networking, news, and shopping platforms are the various types of social media
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wren pork company uses the value basis method of allocating joint costs in its production of pork products. relevant information for the current period follows: product sales value loin chops $ 15,000 ground 20,000 ribs 19,000 bacon 21,000 total $ 75,000
The cost should Wren Pork allocate to Loin chops is $8600 .
What portion of this price should Wren Pork put toward loin chops?Cost is the sum of money that a company spends to manufacture or produce goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a good or product, as seen from the seller's perspective.
Cost is an expense incurred by a business in order to provide a good or service to its customers. These expenses include things like the rent for a storefront, investments for stock replacement, and personnel salaries.
Given ,
Cost allocate to Loin chops:-
= Total Joint Cost [Loin Chops Sales Value + Ground Sales Value + Ribs Sales Value + Bacon Sales Value]
= $43,000 × {(3,000 × 5 ) ÷ [(3,000 × 5 ) + (10,000 × 2 ) + (4,000 × 4.75 ) + (6,000 × 3.5)]}
= $43,000 × [15,000 ÷ 75,000]
= $43,000 × 0.2
= $8,600
Therefore The cost should Wren Pork allocate to Loin chops is $8600 .
The complete question is : Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. Loin chops 3,000 $5.00 Ground 10,000 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops? Multiple Choicea. $0.b. $5,909.c. $8,600.d. $10,750.e. $43,000.
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The cost that Wren Pork should budget for loin chops is $8600.
How much of this cost should Wren Pork allocate to loin chops?Cost is the sum of money that a company spends to manufacture or produce goods or services. The profit margin markup is not included. Cost, as perceived from the seller's perspective, is the total amount of money used to create a good or product.
A business must pay a cost in order to supply a good or service to its clients. These costs include things like storefront rent, stock replacement investments, and employee pay.
Given ,
Cost for loin chops is as follows:
Total Joint Cost is equal to the sum of the sales values of the loin chops, the ground, the ribs, and the bacon.
= $43,000 × {(3,000 × 5 ) ÷ [(3,000 × 5 ) + (10,000 × 2 ) + (4,000 × 4.75 ) + (6,000 × 3.5)]}
= $43,000 × [15,000 ÷ 75,000]
= $43,000 × 0.2 = $8,600
The complete question is- The value basis is the method used by Wren Pig Company to allocate shared costs while producing pork products. The following is pertinent information at the present time: Pounds of Product Price/lb. 3,00 Loin Chops $5.00 10,000 Ground 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 For the present time frame, the combined cost was $43,000. What portion of this price should Wren Pork put toward loin chops? Multiple Options a. $0.b. $5,909. c. $8,600.d. $10,750.e. $43,000.
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ideas for capital investment should come from the engineering and sales departments rather than from the finance department. True or False
False. Investment ideas should come from all departments, not just engineering and sales. The finance department should be involved in the decision-making process to ensure that the investment is a good financial decision for the company.
What is the finance department?The finance department is the part of a company that is responsible for financial planning and management. The finance department is responsible for creating financial reports, managing investments, and providing advice on financial matters. The finance department is a critical part of any company, and it is important for companies to have a strong finance department in order to be successful.
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The following selected accounts and their current balances appear in the ledger of Fernandez Co. at the end of its fiscal year.
Cash $250,000
Retained Earnings 2,850,000
Accounts Receivable 1,197,000
Dividends 50,000
Inventory 1,790,000
Sales 9,350,000
Estimated Returns Inventory 23,500
Cost of Goods Sold 5,840,000
Office Supplies 14,000
Sales Salaries Expense 820,000
Prepaid Insurance 8,500
Advertising Expense 350,000
Office Equipment 870,000
Depr. Exp.—Store Equip. 120,000
Accum. Depr.—Office Equip. 580,000
Miscellaneous Selling Expense 58,000
Store Equipment 2,600,000
Office Salaries Expense 550,000
Accum. Depr.—Store Equip. 820,000
Rent Expense 104,000
Accounts Payable 336,000
Depr. Exp.—Office Equip. 60,000
Customer Refunds Payable 39,000
Insurance Expense 50,000
Salaries Payable 43,000
Office Supplies Expense 26,000
Notes Payable (long-term) 200,000
Miscellaneous Admin. Exp. 12,000
Common Stock 600,000
Interest Expense 25,000
What is Fernandez Company's income from operations for the year?
d. $1,360,000
The Fernandez Company's income from operations for the year is $1,360,000.
What is an income?Income can be referred to as the money that a person or entity receives in exchange for labour or products. Incomes have different definitions depending on various contexts. For instance, income has different definitions in the context of taxation or financial accounting, or economic analysis.
Income means for most people, their total earnings in the form of wages and salaries, the return on their investments, pension distributions, and other receipts.
Income for businesses means the revenues from selling services, products, and any interest and dividends received concerning their cash accounts and reserves related to the business.
There are different definitions and measures for income according to economists.
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which of the following is the most common type of audit for an individual taxpayer? a.office audit. b.correspondence audit. c.telephone audit. d.service center audit. e.field audit.
An office audit is the most common type of audit for an individual taxpayer.
An audit is a review of the books and records of the taxpayer to ascertain if taxes are being declared accurately. A desk audit can be carried out via mail or phone with an examiner in the Montpelier office, or it can be a field audit when the auditor travels to the taxpayer's place of business. The phrase "High income, high-risk taxpayer" is well known. A taxpayer with a greater income typically files a tax return that is more complicated and has more complex tax actions.
As your income rises above the high median income level, your chances of getting chosen for a tax audit also rise. In a tax audit, the IRS checks your tax return's data to make sure all the information provided is accurate.
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