To minimize the invasion of privacy use verification procedures to ensure data accuracy" is the correct option to minimize the invasion of privacy.
Option c is correct .
Options a, b, and d are incorrect and do not align with privacy best practices:
a. Enabling access to one's personal information to all interested parties would pose a significant privacy risk. Access to personal information should be limited to authorized individuals or organizations with a legitimate need for that information.
b. Keeping collected information even after the stated purpose is over is unnecessary and increases the risk of unauthorized access and potential misuse. Data should be retained only for as long as necessary to fulfill the intended purpose and comply with relevant legal requirements.
d. Collecting both necessary and unnecessary data increases the potential privacy risks associated with data breaches, unauthorized access, and misuse. It is best practice to collect only the necessary data required to fulfill the intended purpose and minimize the invasion of privacy.
Therefore, option c is the correct approach to minimize privacy invasion by implementing verification procedures to ensure the accuracy of collected data.
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a face value bond has a conversion ratio of . you estimate the transaction costs of conversion to be of the face value of the bond. what price must the stock reach in order for you to convert?
To determine the price at which the stock must reach in order for you to convert a face value bond, we need additional information about the conversion ratio.
The conversion ratio indicates the number of shares you can receive for each bond you convert. However, it seems that the conversion ratio is missing in your question, making it impossible to provide a specific answer. In general, to calculate the conversion price, you divide the face value of the bond by the conversion ratio. The conversion price represents the price per share at which it becomes financially beneficial for you to convert the bond into stock.
For example, if the face value of the bond is $1,000 and the conversion ratio is 10 (meaning you receive 10 shares for each bond converted), the conversion price would be $100 ($1,000 divided by 10). Therefore, the stock would need to reach or exceed $100 per share for it to be advantageous for you to convert the bond into stock.
Keep in mind that the estimation of transaction costs, as mentioned in your question, should also be considered. These costs can impact the overall calculation and decision-making process.
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last year a company had sales of $380,000, a turnover of 2.9, and a return on investment of 75.4%. the company's net operating income for the year was:
To calculate the net operating income of the company, we need to use the formula:
Net Operating Income = Sales - Cost of Goods Sold - Operating Expenses
We are given the sales figure as $380,000, but we do not have the cost of goods sold or the operating expenses.
However, we have the turnover and return on investment figures, which can help us calculate these values.
Turnover is calculated by dividing the sales figure by the total assets of the company. So, we can use this formula to find the total assets:
Total Assets = Sales / Turnover
Substituting the given values, we get:
Total Assets = $380,000 / 2.9 = $131,034.48
Return on investment is calculated by dividing the net operating income by the total assets. So, we can use this formula to find the net operating income:
Net Operating Income = Return on Investment x Total Assets
Substituting the given values, we get:
Net Operating Income = 75.4% x $131,034.48 = $98,800.00
Therefore, the company's net operating income for the year was $98,800.00.
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Which of the following statements is true about the history of Southwest Airlines entering new markets? a. Southwest's low price strategy tapped into existing elastic demand in the market, increasing the airline's revenue b. Southwest's entry into new markets had little impact on either the markets or airlines already serving those markets
c. Southwest's highly inelastic supply made it difficult for them to take advantage of demand in the market,
d. Southwest's entry caused the demand for each carrier to become more inelastic as customers increased their loyalty to particular airlines
The true statement about the history of Southwest Airlines entering new markets is: d. Southwest's entry caused the demand for each carrier to become more inelastic as customers increased their loyalty to particular airlines.
When Southwest Airlines entered new markets, it had a significant impact on the demand for airlines already serving those markets. Southwest's low-cost strategy and customer-oriented approach attracted customers and fostered loyalty. As a result, customers became more loyal to particular airlines, leading to a decrease in the price sensitivity or elasticity of demand. This means that customers were less likely to switch airlines based on price alone, making the demand for each carrier more inelastic. Southwest's entry disrupted the competitive landscape and changed customer preferences, resulting in increased loyalty among customers.
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please help fast please
Click Submit to complete this assessment Quo 16 of 16 estion 16 2 points All, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership Prior t
Journal entries for the liquidation case include distribution of cash based on capital balances and recording the loss on liquidation, allocated to partners in a 3:2 ratio.
The correct answer is OB.
The first journal entry records the distribution of cash to the partners, based on their capital balances. The second journal entry records the loss on liquidation, which is the difference between the total cash available and the total capital balances of the partners.
The journal entries are as follows:
Debit Credit
Basel Capital 12,000
Ziad Capital 8,000
All Capital 20,000
Cash 100,000
Basel Capital 64,000
Ziad Capital 36,000
Loss on Liquidation 20,000
Cash 100,000
The loss on liquidation is allocated to the partners in the same ratio that they share income and loss. In this case, the loss is allocated to Basel and Ziad in a 3:2 ratio.
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The complete question is:
Click Submit to complete this assessment Quo 16 of 16 estion 16 2 points All, Basel and Ziad are sharing income and loss in a 4:32 ratio respectively and decided to liquidate their partnership Prior to the final distribution of cash to the partners, All has a capital balance of $20,000). Basel has a capital balance of $48,000, and Zad has a capital balance of $72.000. Also, cash balance is $100,000 All is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital Ziad Capital 12.000 8,000 All Capital 20,000 36,000 Basel capital Ziad capital 64,000 Cash 100,000 Basel Capital 12,000 8,000 Ziad Capital All Capital 20.000 ASUS M 155 izde YULOL 20 W 20 partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital 12,000 Ziad Capital 8,000 20,000 Basel capital 36,000 64.000 Ziad capital Cash 100,000 OB Basel Capital 12,000 Ziad Capital 8,000 All Capital 20,000 Basel capital 64,000 36,000 Ziad capital Cash 100,000 OC Basel Capital 10,000 Ziad Capital 15,000 All Capital 20.000 Basel capital 38.000 62.000 Ziad capital Cash 100,000 OD Basel Capital 8,000 Ziad Capital 12,000 20,000 Basel capital 36,000 64,000 Ziad capital Cash 100,000 All Capital All Capital
A firm interested in engaging in which of the following would most likely create a large budget for promotional expenditures, such as sales promotions? (5 points)
Group of answer choices
Collusion
Monopolization
Non-price competition
Price competition
The firm is interested in engaging in non-price competition to create a large budget for promotional expenditures.
Which type of firm would most likely create a large budget?A firm interested in engaging in non-price competition would most likely create a large budget for promotional expenditures. Non-price competition refers to the use of marketing strategies and promotional activities other than price reduction to attract customers and gain a competitive edge in the market.
This can include advertising campaigns, product differentiation, brand building, customer service enhancements and other promotional efforts. Non-price competition requires significant investment in marketing and promotional activities to effectively communicate and differentiate the firm's products or services from competitors.
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a(n) __________ style of conflict management involves putting aside your own needs or desires in exchange for those of others. select one: a. accommodating b. compromising c. competing d. avoiding\\
The conflict management style that involves putting aside one's own needs or desires in exchange for those of others is called accommodating. The accommodating style of conflict management is characterized by prioritizing the needs and desires of others over one's own.
In this approach, individuals are willing to make concessions and yield their own interests to maintain harmony and satisfy the concerns of the other party involved in the conflict.
By adopting the accommodating style, individuals aim to be cooperative and selfless, seeking to build and maintain positive relationships. They may be more focused on preserving peace, reducing tension, or demonstrating goodwill, even if it means sacrificing their own goals or preferences. Accommodating can be effective in situations where preserving relationships is paramount or when one party recognizes that the issue at hand is of greater importance to the other party. However, it can also carry the risk of neglecting one's own needs and potentially leading to feelings of resentment or exploitation if overused or if there is a lack of reciprocation from the other party. It is important to strike a balance between accommodating and asserting one's own interests to ensure that individual needs are also addressed appropriately.
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if a group of people form a cooperative housing corporation, they will each buy:
If a group of people forms a cooperative housing corporation, they will each buy shares in the corporation rather than purchasing individual units or properties. In a cooperative housing model, the corporation owns the entire property or building, and each member of the cooperative holds shares in the corporation, representing their ownership stake.
When individuals join the cooperative, they typically purchase shares proportional to the size or value of the unit they wish to occupy within the property. The price of the shares may vary depending on factors such as the location, amenities, and market conditions.
By purchasing shares, cooperative members acquire the right to occupy a specific unit within the property and participate in the decision-making processes of the cooperative. They typically pay monthly fees or "carrying charges" that contribute to the maintenance, operation, and common expenses of the cooperative.
It is important to note that cooperative housing differs from traditional homeownership or condominium models, as the focus is on collective ownership and decision-making rather than individual ownership of specific units.
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what is the name for the value given up by a buyer and a seller in a business transaction?
The value given up by a buyer and a seller in a business transaction is known as the "exchange value" or "economic value."
It represents the perceived worth of the goods, services, or assets being exchanged between the parties involved. Exchange value is determined through negotiations, market forces, and the subjective preferences and assessments of both the buyer and the seller.
In a business transaction, buyers and sellers engage in an exchange where they trade something of value. The value given up by the buyer is typically monetary payment, while the seller sacrifices the possession or ownership of the goods, services, or assets being sold. This value, often referred to as exchange value or economic value, is a crucial factor in determining the terms and conditions of the transaction. It depends on various factors such as supply and demand dynamics, market conditions, perceived utility, scarcity, quality, and other subjective factors. The exchange value is influenced by the bargaining power, preferences, and expectations of both parties, ultimately shaping the outcome of the transaction.
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devise a simple experiment that you could use to determine if the samples are identical
To determine if two samples are identical, a simple experiment would involve comparing their properties under controlled conditions. One approach could be to measure the physical characteristics of the samples, such as weight, size, or color, and check if they match.
To conduct the experiment, two samples suspected to be identical would be required. The first step would involve selecting a set of measurable properties that are relevant to the samples being tested. For example, if the samples are colored liquids, their color intensity or wavelength absorbance could be measured using a spectrophotometer. If they are solid objects, their weight, dimensions, or other physical attributes could be compared.
Alternatively, a more specific analysis could be performed on the samples. For instance, if the samples are organic compounds, a chemical composition analysis using techniques like gas chromatography-mass spectrometry (GC-MS) could be employed to compare their molecular profiles. If the samples are biological in nature, DNA sequencing or fingerprinting techniques could be utilized to determine their genetic makeup.
After conducting the necessary measurements or analyses on both samples, the obtained data would be compared. If the measured properties or analysis results are identical for both samples, it can be concluded that the samples are indeed identical. On the other hand, if any differences are observed, it indicates that the samples are not identical.
It is important to note that the experiment's success depends on selecting appropriate properties or analyses that can effectively differentiate between identical and non-identical samples. Additionally, conducting the experiment under controlled conditions and using reliable measurement techniques or analysis methods is crucial to obtain accurate and conclusive results.
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in the context of fragmentation, uber represents an example of a.Increased economies of scope b.Chaining c.Marketing d.Reduced operational costs for service providers
In the context of fragmentation, Uber represents an example of reduced operational costs for service providers.
Uber is an example of reduced operational costs for service providers because it leverages technology to streamline and optimize the process of connecting drivers with riders.
This efficient system eliminates the need for traditional dispatchers and taxi companies, leading to reduced overhead costs and increased flexibility for drivers. Additionally, Uber's dynamic pricing model helps ensure drivers are well-compensated during high-demand periods, making the platform more attractive for service providers.
This innovative approach to transportation services has disrupted the traditional taxi industry, showcasing the impact of fragmentation on reducing operational costs for service providers.
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After raising the price of Whole Milk by 20%, how much of a percentage increase or decrease in sales should Jenny expect? Denote a decrease as negative and round your answer to two decimal places
Price Quantity
Old $3.75 200
New $4.50 168
Percentage Change 20.00% -16.00%
Item: Whole Milk
White, whole milk, non-branded.
Price Elasticity of Demand = -0.8
After raising the price of Whole Milk by 20%, Jenny should expect a decrease in sales of approximately 12.80%. This is calculated using the Price Elasticity of Demand formula:
Percentage Change in Quantity = Price Elasticity of Demand x Percentage Change in Price
Percentage Change in Quantity = (-0.8) x (20%) = -16%
However, since the question asks for the percentage increase or decrease in sales, we need to convert this to a positive percentage:
Percentage Decrease in Sales = |Percentage Change in Quantity| x 100% / Old Quantity
Percentage Decrease in Sales = |-16%| x 100% / 200
Percentage Decrease in Sales = 8%
Therefore, the answer is a decrease of 8.00%.
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The stockholders' equity accounts of Lore Corporation on January 1, 2017, were as follows. Preferred Stock (10%, $100 par, noncumulative, 5,000 shares authorized) $ 300,000 Common Stock ($5 stated value, 300,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 20,000 Paid-in Capital in Excess of Stated Value-Common Stock 425,000
Retained Earnings 488,000 Treasury Stock (5,000 common shares) 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 3,000 shares of common stock for $25,500. Mar. 20 Purchased 1,500 additional shares of common treasury stock at $8 per share. Sold 4,000 shares of treasury stock-common for $36,000. June 14 Sept. 3 Issued 2,000 shares of common stock for a patent valued at $19,000. Dec. 31 Determined that net income for the year was $350,000. Instructions (a) Journalize the transactions and the closing entry for net income. (b) Enter the beginning balances in the accounts and post the journal entries to the stock- holders' equity accounts. (Use J1 as the posting reference.) (c) Prepare a stockholders' equity section at December 31, 2017.
( a) Journalize deals and closing entry for net income.
b) Beginning balances and posting to stockholders' equity accounts.
c) Stockholders' equity atDec. 31, 2017 Preferred Stock$ 300,000, Common Stock$, Paid- in Capital$ 474,500, Retained Earnings$ 838,000, Treasury Stock($ 44,000).
a) Journalize the deals and the closing entry for net income
1
Issued 3,000 shares of common stock for$ 25,500.
20
Bought 1,500 fresh shares of common storeroom stock at$ 8 per share.
vended 4,000 shares of storeroom stock-common for$ 36,000.
June 14
Issued 2,000 shares of common stock for a patent valued at$ 19,000.
31
Determined that net income for the time was$ 350,000.
ending entry
Transfer net income to retained earnings.
b) Beginning balances in the accounts and posting the journal entries to the stockholders' equity accounts
Preferred Stock$ 300,000( no change)
Common Stock$( no change)
Feb. 1$ 25,500
June 14$ 10,000
Paid- in Capital in redundant of Par- Preferred Stock$ 20,000( no change)
Paid- in Capital in redundant of Stated Value- Common Stock$ 425,000( no change)
Feb. 1$ 20,500 June 14$ 9,000 Retained Earnings$ 488,000( no change)
Dec. 31$ 350,000
Treasury Stock-$ 40,000( no change)
Mar. 20-$ 12,000
Mar. 20-$ 32,000
( c) Stockholders' equity section at December 31, 2017
Preferred Stock$ 300,000
Common Stock$
Paid- in Capital in redundant of Par- Preferred Stock$ 20,000
Paid- in Capital in redundant of Stated Value- Common Stock$ 454,500
Retained Earnings$ 838,000
Treasury Stock($ 44,000)
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requiring foreign banks to operate under the same rules as domestic banks is termed
T/F
True. Requiring foreign banks to operate under the same rules as domestic banks is known as "national treatment." This means that foreign banks are subject to the same regulatory framework, supervision, and reporting requirements as domestic banks.
The purpose of national treatment is to ensure a level playing field for all banks operating within a country, regardless of their country of origin.
This helps to promote fair competition, protect consumers, and maintain financial stability.
In some cases, however, there may be exceptions or limitations to national treatment, such as restrictions on foreign ownership or certain types of activities.
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All of the following items describe an aspect of life cycle costing EXCEPT:
Life cycle cost includes the cost of creating the project and using the result.
Project managers may need to consider product disposition costs to calculate total life cycle cost.
Life cycle cost only includes the project cost from initiating through closing
Many project selection decisions are made based upon life cycle cost.
All of the items given in options describe an aspect of life cycle costing except "life cycle cost only includes the project cost from initiating through closing" (option C).
Life cycle costing is a comprehensive approach that considers the total cost of a product or project throughout its entire life cycle. It includes the cost of creating the project and using the result, ensuring that all relevant costs are taken into account. Project managers may need to consider product disposition costs, such as maintenance, repairs, and disposal, to calculate the total life cycle cost accurately. Many project selection decisions are indeed made based on life cycle cost, as it provides a more accurate assessment of the true cost and benefits over the project's lifespan.
Option C is the correct answer. It is incorrect to say that life cycle cost only includes the project cost from initiating through closing, as life cycle costing takes into account costs from conception to disposal, including ongoing operational and maintenance expenses.
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5. A bond has a face value of $1,000, a coupon rate of 7%, and maturity in two years (the first coupon payment is one year from now). The bond's price is $870. What is the yield to maturity?
The yield to maturity for the given bond is 17.6%.
Bond Information
Face value = $1,000
Coupon rate = 7%
Price = $870
Time to maturity = 2 years
Calculation
Using the formula,
Yield to Maturity = Coupon Payment + ((Face Value - Bond Price) / Time to Maturity)) / ((Face Value + Bond Price) / 2)
Where,
Coupon Payment = (Coupon Rate * Face Value) / Number of payments per year
Number of payments per year = 2 (since the bond has a semi-annual coupon payment)
First, we calculate the coupon payment per year
Coupon Payment = (Coupon Rate * Face Value) / Number of payments per year= (7% * $1,000) / 2= $35
Next, we calculate the yield to maturity
Yield to Maturity = Coupon Payment + ((Face Value - Bond Price) / Time to Maturity)) / ((Face Value + Bond Price) / 2)
= $35 + (($1,000 - $870) / 2) / (($1,000 + $870) / 2)
= $35 + ($130 / $935)
= $35 + 0.139
= 0.176 or 17.6%
Therefore, the yield to maturity for the given bond is 17.6%.
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in pricing models, two products are substitutes for each other if a larger price for one product tends to induce customers to demand less of the other. true or false
It is true that in pricing models, two products are substitutes for each other if a larger price for one product tends to induce customers to demand less of the other.
In pricing models, the concept of substitute products refers to goods or services that can be used interchangeably by consumers to satisfy a similar need or want. When two products are substitutes, an increase in the price of one product typically leads to a decrease in the demand for the other product. This is because consumers perceive the products as comparable alternatives and are more likely to switch to the lower-priced option when the price of one product increases.
The notion of substitute products is important in understanding consumer behaviour and market dynamics. It helps businesses and economists analyze how changes in the price of one product can affect the demand for another product. By recognizing substitute relationships, companies can make informed pricing decisions and anticipate how their pricing strategies might impact consumer choices and market competition. Additionally, identifying substitutes is valuable for market research and positioning strategies as businesses seek to differentiate their offerings and attract customers in a crowded marketplace.
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The businesses in a diversified company's lineup exhibit good resource fit whenA. the resource requirements of each of its businesses exactly match the resources the company has available.B. its individual businesses add to a company's resource strengths and when it has the resources to adequately support the requirements of its businesses as a group without spreading itself too thin.C. each business unit generates just enough cash flow annually to fund its own capital requirements and thus does not require cash infusions from the corporate parent.D. each business unit produces sufficient cash flows over and above what is needed to build and maintain the business, thereby providing the parent company with enough cash to pay shareholders a generous and steadily increasing dividend.
The correct answer is B. its individual businesses add to a company's resource strengths and when it has the resources to adequately support the requirements of its businesses as a group without spreading itself too thin.
In a diversified company, good resource fit means that the individual businesses within the company complement each other by adding to the company's overall resource strengths. This implies that the company can leverage its available resources effectively across its different businesses.
Additionally, the company should have sufficient resources to adequately support the requirements of its businesses as a group. This means that the company has the necessary resources to meet the needs of each business unit without overstretching itself or depleting its resources excessively.
Options A, C, and D do not fully capture the concept of good resource fit in a diversified company. Option A suggests an exact match between resource requirements and available resources, which is often difficult to achieve in practice. Option C focuses only on cash flow generation and capital requirements, ignoring the broader concept of resource fit. Option D emphasizes cash flow generation for dividends, which is important but does not solely determine good resource fit.
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__________ is a tax designed to be paid by a large number of taxpayers.
A broad-based tax is a tax designed to be paid by a large number of taxpayers.
This type of tax spreads the tax burden across a wide range of individuals and businesses, rather than focusing on a specific group or activity. Broad-based taxes are typically considered more efficient and equitable, as they help to ensure that everyone contributes their fair share to public revenue.
Examples of broad-based taxes include income tax, sales tax, and value-added tax (VAT). Income tax is levied on individuals and businesses based on their income levels. Sales tax is applied to the sale of goods and services, while VAT is a consumption tax added to the price of goods and services at each stage of the production and distribution process.
The main advantage of broad-based taxes is that they can generate a significant amount of revenue with relatively low tax rates since they are applied to a large population.
This helps to reduce the overall tax burden on individual taxpayers and businesses. Furthermore, these taxes are generally more stable and predictable, which allows for better planning and management of public finances.
Another advantage of broad-based taxes is that they can help to promote economic growth and efficiency. By taxing a wide range of activities, these taxes encourage individuals and businesses to make decisions based on their preferences and abilities, rather than to avoid specific taxes. This can lead to a more efficient allocation of resources and higher overall economic output.
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One advantage of exponential smoothing is the limited amount of record keeping involved. True or False
The statement is true because exponential smoothing requires limited record keeping due to its reliance on a weighted average of past data points.
In this forecasting method, more recent data points are given greater weight than older ones, allowing for a smooth trend line that accounts for fluctuations in the data.
As a result, you only need to keep track of the most recent data point and the previous smoothed value, significantly reducing the amount of data storage and management needed.
This simplicity makes exponential smoothing a popular choice for many forecasting applications, especially in cases where data storage is limited or the focus is on recent trends.
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Suppose that government policy makers institute a tax cut, in the short run we would predict ____. (Assume the SRAS is upward sloping.)
a. income and output will fall, but the price level will rise
b. income, output, and the price will all rise
c. the price level will rise, but income and output will not change
d. income and output will rise, but the price level will not change
The correct answer is: d. Income and output will rise, but the price level will not change.
When government policy makers institute a tax cut, it typically leads to an increase in disposable income for individuals and businesses. This increase in disposable income stimulates consumption and investment, leading to higher aggregate demand (AD). As a result, both income and output in the economy are expected to rise.
In the short run, assuming the short-run aggregate supply (SRAS) curve is upward sloping, the increase in aggregate demand (AD) would result in an expansion of the economy's output without putting significant upward pressure on prices. This is because the economy can utilize its existing resources and capacity to meet the increased demand without facing supply constraints.
Therefore, in the short run, the most likely outcome is that income and output will rise, reflecting the positive impact of the tax cut, while the price level remains relatively stable.
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22. in 2017, fbla is celebrating how many years of excellence?
In 2017, FBLA, which stands for Future Business Leaders of America, was celebrating its 75th year of excellence. FBLA is the largest student-run organization in the United States, with over 250,000 members across the country.
The organization provides students with opportunities to develop leadership skills, explore career paths in business and finance, and compete in various events and competitions.
FBLA was founded in 1942 as the Future Business Leaders of America Club by a group of business teachers in Johnson City, Tennessee. Over the years, the organization has grown significantly, expanding its reach to include students in middle schools, high schools, and colleges across the country.
To commemorate the 75th anniversary, FBLA launched a campaign called "Celebrate 75" to honor the organization's rich history and its impact on the lives of millions of students. The campaign included events, contests, and other initiatives that brought together FBLA members, alumni, and supporters from across the country to celebrate this milestone achievement.
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an organization that chooses a _______ strategy attempts to maintain the product's market share in order to take advantage of the positive cash flow.
An organization that chooses a market penetration strategy attempts to maintain the product's market share in order to take advantage of the positive cash flow.
Market penetration strategy focuses on increasing sales and market share of existing products in the current market. The organization aims to capture a larger portion of the market by attracting more customers or increasing product usage among existing customers.
By maintaining market share and maximizing sales, the organization can generate positive cash flow, which can be used for further business activities, such as research and development or expansion into new markets.
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Which one of the following statements is correct concerning a corporation with taxable income of $-890,000? A. Net income minus dividends paid will equal the ending retained earnings for the year. b. An increase in depreciation will decrease the operating cash flow, holding all other things as constant. c. An increase in the tax rate will increase net income, holding all other things as constant. d. Net income divided by the number of shares outstanding will equal the dividends per share. e. None of the above.
The given statements do not correctly describe a corporation with a taxable income of $-890,000. A corporation with negative taxable income indicates a loss, and the statements provided do not accurately reflect the financial implications or calculations for a corporation in that situation. Therefore, the correct option is e.
Let's analyze each statement:
A. Net income minus dividends paid will equal the ending retained earnings for the year.
This statement assumes that the corporation has a positive net income. However, in this case, the taxable income is -$890,000, indicating a loss. Therefore, net income minus dividends paid will not equal the ending retained earnings.
B. An increase in depreciation will decrease the operating cash flow, holding all other things constant.
This statement is not directly related to the given information about taxable income. The impact of depreciation on operating cash flow depends on various factors, including the specific accounting and tax treatment of depreciation. Therefore, it is not necessarily true that an increase in depreciation will decrease operating cash flow.
C. An increase in the tax rate will increase net income, holding all other things constant.
This statement is incorrect. Increasing the tax rate will result in higher tax expenses, which will reduce net income. Therefore, an increase in the tax rate will decrease net income, holding all other things constant.
D. Net income divided by the number of shares outstanding will equal the dividends per share.
This statement assumes that all of the net income is distributed as dividends, which is not necessarily the case. Dividends per share can be influenced by various factors, such as the dividend policy of the corporation and the retention of earnings for reinvestment or other purposes.
Therefore, none of the statements provided accurately describe the situation of a corporation with a taxable income of $-890,000. The correct option is e.
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An auditor may perform the following three types of substantive procedures: (a) tests of details of transactions; (b) tests of details of balances; and (c) analytical procedures. Below are specific audit procedures that fall within one of these categories:
(1) Review all invoices received for one month after the year-end to ensure that they do not relate to the current year.
(2) Trace a sample of shipping documents to related sales invoice entries in the sales journal.
(3) Perform alternative procedures for non-responses to accounts receivable confirmation.
(4) Examine the sales journal for related-party transactions, notes receivable and other unusual
items.
(5) Compare the quantity and description of items on duplicate sales invoices with related
shipping documents.
(6) Review a sample of repairs and maintenance expenditure for the year to ensure that it does
not include any items that are capital in nature.
Required:
(a) For each audit procedure, indicate which of the three types of substantive procedures it belongs to.
(b) List one assertion to which each audit procedure relates.
Given that there are six audit procedures, the substantive procedures they belong to and the assertion that each audit procedure relates to is as follows
(1) Review all invoices received for one month after the year-end to ensure that they do not relate to the current year.
Type of Substantive Procedure: Tests of details of transactions.
Assertion: Completeness.
(2) Trace a sample of shipping documents to related sales invoice entries in the sales journal.
Type of Substantive Procedure: Tests of detais of transactions.
Assertion: Completeness.
(3) Perform alternative procedures for non-responses to accounts receivable confirmation.
Type of Substantive Procedure: Tests of details of balances.
Assertion: Completeness.
(4) Examine the sales journal for related-party transactions, notes receivable, and other unusual items.
Type of Substantive Procedure: Tests of details of balances.
Assertion: Occurrence.
(5) Compare the quantity and description of items on duplicate sales invoices with related shipping documents.
Type of Substantive Procedure: Tests of details of transactions.
Assertion: Completeness.
(6) Review a sample of repairs and maintenance expenditure for the year to ensure that it does not include any items that are capital in nature.
Type of Substantive Procedure: Analytical procedures.
Assertion: Valuation.
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Which of the following statements regarding the resource-based view is accurate?
A) Competitively valuable resources and capabilities are controlled only by a firm's general managers.
B) Only lower level employees need to accept the responsibility of creating, nurturing and exploiting resources and capabilities that can generate competitive advantages for a firm.
C) Employees should define their jobs in functional terms instead of in competitive and economic terms.
D) Competitive advantage is too important to remain the sole property of senior management.
The accurate statement regarding the resource-based view is that competitive advantage is too important to remain the sole property of senior management. Option D is the correct answer.
The resource-based view emphasizes the importance of a firm's unique resources and capabilities in achieving and sustaining a competitive advantage. It recognizes that competitively valuable resources and capabilities can come from various levels within the organization, not just from senior management.
Option D: "Competitive advantage is too important to remain the sole property of senior management" is the correct answer.
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beth was injured at work and is eligible to receive workers compensation benefits. all of the following benefits are provided under workers compensation except:group of answer choicesmedical care.rehabilitation. retirement benefits.disability income.
Beth was injured at work and is eligible to receive workers' compensation benefits. Workers' compensation is a type of insurance that provides benefits to employees who are injured or become ill due to their job. These benefits include medical care, rehabilitation, disability income, and, in some cases, retirement benefits. However, retirement benefits are not always included in workers' compensation benefits. The correct answer is b.
Retirement benefits are typically provided by an employer-sponsored retirement plan, such as a 401(k) or pension plan. These benefits are designed to provide financial security to employees after they retire. However, retirement benefits are not directly related to work-related injuries or illnesses and, therefore, are not typically included in workers' compensation benefits.
In conclusion, all of the benefits mentioned, including medical care, rehabilitation, and disability income, are provided under workers' compensation. However, retirement benefits are not typically included. If Beth is eligible for workers' compensation benefits, she can expect to receive these benefits to help her recover from her injury and get back to work as soon as possible.
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A jewelry store is more likely than a jewelry manufacturer to consider location decision. a. transportation costs b. cost of raw materials c. appearance/image of the location d. quality of life e. taxes
A jewelry store is more likely than a jewelry manufacturer to consider the following location decisions: a. transportation costs, c. appearance/image of the location, d. quality of life, and e. taxes.
Since a jewelry store is primarily involved in retail operations, factors such as transportation costs are important for ensuring efficient logistics and timely delivery of products. The appearance and image of the location play a vital role in attracting customers and creating a desirable shopping environment. Quality of life factors, such as the surrounding neighborhood, safety, and amenities, can influence the store's appeal to customers and employees. Lastly, taxes have a direct impact on the store's financial performance and profitability.
On the other hand, a jewelry manufacturer would be more concerned with b. the cost of raw materials, as it directly affects their production costs and sourcing strategies.
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management information systems in terms of sustaining a cross-functional organization
Management Information Systems (MIS) support the sustainability of a cross-functional organization by facilitating the efficient flow of information across departments, enabling collaboration, enhancing decision-making processes, and promoting overall organizational integration.
In a cross-functional organization, different departments or functions work together to achieve common goals. MIS plays a crucial role in sustaining such organizations by providing a centralized platform for sharing information and data across departments. It ensures that relevant and accurate information is readily available to all functions, promoting collaboration and reducing duplication of effort.
MIS also supports decision-making processes by providing timely and reliable data analysis and reporting. This enables managers from different functions to make informed decisions based on a holistic view of the organization's operations.
Furthermore, MIS promotes organizational integration by aligning business processes and technologies across functions. It enables the integration of systems, data, and workflows, fostering seamless communication and coordination among different departments.
Overall, MIS contributes to the sustainability of cross-functional organizations by optimizing information flow, enhancing collaboration, improving decision-making, and promoting organizational integration.
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Answer these
1. Preference with respect to specific immovable or real property should be given to:
a. Credits of insurers.
b. Expenses for the preservation or improvement of real property.
c. Mortgage credits recorded in the Registry of Property.
d. Claims of donors or real property for pecuniary charges.
2.
I. As long as the conjugal partnership or absolute community subsists, its property shall not be among the assets to be taken possession of by the assignee for the payment of the insolvent debtor's obligations, even if the proceeds of the debt have redounded to the benefit of the family.
II. The professional libraries and equipment of judges, lawyers, physicians, pharmacists, dentists, engineers, surveyors, clergymen, teachers, and other professionals, exceeding three hundred thousand pesos in value shall be subject to execution.
a. Only I is true
b. Only II is true
c. Both are true
d. Both are false
1. The preference with respect to specific immovable or real property should be given to:Option c. Mortgage credits recorded in the Registry of Property.2. The statement that is true is:Option a. Only I is true.
1. Preference with respect to specific immovable or real property should be given to: The preference with respect to specific immovable or real property should be given to mortgage credits recorded in the Registry of Property. When it comes to real estate transactions in the Philippines, the Registry of Property is a key document. It keeps track of all real estate transactions in the area.
2. As long as the conjugal partnership or absolute community subsists, its property shall not be among the assets to be taken possession of by the assignee for the payment of the insolvent debtor's obligations, even if the proceeds of the debt have redounded to the benefit of the family.The professional libraries and equipment of judges, lawyers, physicians, pharmacists, dentists, engineers, surveyors, clergymen, teachers, and other professionals, exceeding three hundred thousand pesos in value shall be subject to execution.The statement that is true is:Only I is true.
In summary, mortgage credits recorded in the Registry of Property should be given preference with respect to specific immovable or real property. Furthermore, the statement "As long as the conjugal partnership or absolute community subsists, its property shall not be among the assets to be taken possession of by the assignee for the payment of the insolvent debtor's obligations, even if the proceeds of the debt have redounded to the benefit of the family" is true. The professional libraries and equipment of judges, lawyers, physicians, pharmacists, dentists, engineers, surveyors, clergymen, teachers, and other professionals, exceeding three hundred thousand pesos in value shall be subject to execution is a false statement.
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what shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?
The long-run average cost curve (LRAC) is a graphical representation of the relationship between the average cost of production and the scale of production in the long run. In the long run, a firm can vary all of its inputs, including capital, labor, and technology.
If a firm experiences economies of scale, it means that its average cost of production decreases as it increases its output in the long run. This can happen because the firm benefits from cost savings due to specialization, the use of more efficient technology, or the ability to spread fixed costs over a larger output. In this case, the LRAC curve will be downward sloping, indicating that the firm can produce more units at a lower average cost. On the other hand, if a firm experiences constant returns to scale, it means that its average cost of production remains constant as it increases its output in the long run.
This can happen because the firm can benefit from some economies of scale, but these are offset by diseconomies of scale. For instance, the firm may face increasing costs of coordination or management as it grows larger. In this case, the LRAC curve will be flat, indicating that the firm's average cost of production does not change with its output. Finally, if a firm experiences diseconomies of scale, it means that its average cost of production increases as it increases its output in the long run. This can happen because the firm faces diminishing returns to scale or increasing costs of coordination or management as it grows larger. In this case, the LRAC curve will be upward sloping, indicating that the firm must pay a higher average cost to produce more units. To summarize, the LRAC curve can take different shapes depending on the economies or diseconomies of scale that a firm experiences in the long run.
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