Answer:
A budget system based on expected activities and their levels that enables management to plan for resources required to perform the activities is: Activity-based budgeting. A budget is best described as: A formal statement of a company's future plans usually expressed in monetary terms.
Darian and Ivan have been friends since college. They started a limousine rental business from scratch. They are now contemplating opening their business in Baltimore a new city for their business. They have crunched the numbers and discover it would mean adding $2 million more in expenses, and their profit would increase by $250,000 each year for the next 5 years (all other things equal). Darian and Ivan decide:_________.
a) to open in a second city because the marginal cost of the new location is low compared to other similar projects.
b) to take on the new location of Baltimore because the expected marginal benefit is greater than the estimated marginal cost.
c) to not open in a new city because the marginal costs prove to be too high.
C) To not open in a new city because the marginal costs prove to be too high.
What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet
A liability (such as salaries payable) will be increased. Expenses are increased is the answer.
accrued expenses are liabilities that reflect expenses that have not yet been paid or recorded in the liability during the accounting period. That is, the obligation of the company to pay for the goods and services offered for which the invoice has not yet been received.
An example of accrued expenses is when a company purchases consumables from a supplier but has not yet received an invoice for the purchase. Other types of accrued expenses include interest payments on loans, guarantees for products or services received, and taxes. All of these have been incurred or received, but no invoices have been received or paid. Employee commissions, wages and bonuses will occur during the period in which they are actually paid, although they will be paid in the next period.
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Paramount Design - Balance Sheet Activity, (please do this in sheets and share the image of the answer.)
The preparation of the balance sheet of Paramount Design is as follows:
Paramount Design
Balance SheetAs of December 31, 2020
AssetsCurrent Assets:
Cash $1,407
Accounts Receivable 2,056
Supplies 1,250
Total current assets $4,713
Long-term Assets:
Furniture $9,700
Equipment 10,000
Automobile 19,350 $39,050
Total assets $43,763
Liabilities and EquityLiabilities:
Bank Loan $9,000
Accounts Payable 2,655
Total liabilities $11,655
Equity $32,108 ($43,763 - $11,655)
Total liabilities + equity $43,763
What is a balance sheet?A balance sheet is a financial statement that summarizes the financial position of an entity at a point in its financial period.
The financial position shows the entity's assets (what it owns), liabilities (what it owes creditors), and equity (what it owes the owner).
At each financial period, the assets are always equal to the liabilities and equity.
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How much did Chevron pay in cash dividends to common shareholders during the first nine months of 2013?
The Chevron paid a dividends of $5.6 billion to the common shareholders during the first nine months of 2013.
What is a dividends?This refers to the reward paid to the shareholders for their investment in a company's equity which often originates from the company's net profits.
Hence, the firm paid a dividends of $5.6 billion to the common shareholders during the first nine months of 2013.
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In its most basic sense, _____ involves the positive feelings and evaluations individuals have about their employment.
In its most basic sense, Job satisfaction involves the positive feelings and evaluations individuals have about their employment.
What is Job satisfaction?Job satisfaction serves as the joy and emotions that is positive that employee have about his work.
In this case, Job satisfaction involves the positive feelings and evaluations individuals have about their employment.
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A motivation for scientific management, which uses time and motion studies and work standardizations, is to:
Make manual labor work more efficiently.
Scientific management
This is an art of knowing accurately that "what is to be done" and "how it's to be done". There are some of the studies:
MOTION STUDY- This is the study which helps to reduce unwanted movements so that it would take very less time to perform the job effectively.
TIME STUDY- This helps in setting the standard time for performing the particular task more efficiently. It is to be set according the task given.
WORK STANDARDIZATION- It is the type of a process in which standards are set for every business activity- raw materials, product, time, methods or working conditions.
Hence, these are all studies which helps to make "manual labor work more efficiently".
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Universal Studios needs to purchase a fuel contract for all its company vehicles. John works in the department that oversees the auto fleet and has been assigned to speak with potential suppliers and complete the purchase. His role is that of a(n) ______.
If he complete the purchase. His role is that of a(n) buyer.
Who is a buyer?A buyer can be defined as someone that purchase products or items from a seller or a supplier.
Based on the given scenario John is a buyer because he has been assign to speak suppliers and complete the purchase.
Therefore his role is that of a(n) buyer.
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Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to decline as the forecasting horizon lengthens.
Capacity-making plans refer back to the procedure of deciphering how many useful resources you are going to want to fulfill the call for. This “demand” may be for any unit of time: the approaching week, subsequent season, or maybe in a year's time. a few matters that fall beneath capacity-making plans are: using the body of workers to fulfill the coming calls.
Take a bakery, as an example. Expertise on what number of pies may be made and baked in a given day using existing devices and personnel (capacity) permits the bakery to devise for what number of pies they could promote and what they need for assets (group of workers, apples, and so on.).
Get the provision and time off for all and sundry. For everybody, subtract day without work from internet paintings Hours, and multiply the result by way of his availability to get his personal ability. add up the man or woman capacities to get the group potential in individual hours, and divide via 8 to get the capability in character-days.
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Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds that was purchased on July 9. Using periodic specific identification, its Cost of Goods Sold is
Delta Diamonds had 5 one-carat diamonds available for sale this year: Using periodic specific identification, its Cost of Goods Sold is $600 . This is further explained below.
What are diamonds?Generally, having a diamond cubic crystal structure, a diamond is a solid form of the element carbon. For the sake of this exercise, we will assume that the temperature and pressure are both
In conclusion,This year, Delta Diamonds offered five one-carat stones for purchase. The company's Cost of Goods Sold is $600 every period thanks to its use of precise periodic identification.
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Jeremy runs a U.S.-based company. Recently, some of his customers with global operations have placed additional orders that require Jeremy to work with their foreign subsidiaries. As a result, Jeremy has developed local distribution and service reps in three foreign markets. What stage of the global experience learning curve is Jeremy experiencing?
Jeremy is experiencing companies with foreign marketing.
What is Foreign marketing?
An international marketer is a marketing expert who is in charge of global commercial strategies. They create and implement business and marketing strategies to promote the services and products of their clients or organizations in diverse worldwide markets.The first step in international marketing is identifying the suitable market in which the exporter can sell his goods financially because each market is different and no one person can sell his product in every market around the globe.Solution -In the given situation Jeremy has developed local distribution and service reps in three foreign markets doing social marketing.
Therefore, Jeremy is experiencing companies with foreign marketing.
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A person who cannot legally enter into a certain contract directly can do so indirectly through an agent. Group of answer choices True False
It is False that A person who cannot legally enter into a certain contract directly can do so indirectly through an agent.
What is a contract?A contract serves as an agreement between two or more party which is legal and is viable under the law.
In this case, it should be legal, hence It is False that A person who cannot legally enter into a certain contract directly can do so indirectly through an agent.
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Lucille is no longer eligible for her state Medicaid program and has lost her eligibility for the D-SNP in which she is enrolled. What is her responsibility for cost sharing?
Lucille will need to be responsible for all costs including premiums, copayments, and deductibles, among others.
This program requires cost sharing, matching, or leveraging as described under. Cost-sharing is needed for studies projects to be eligible for investment through HUD's non-competitive cooperative agreement authority.
Fee-sharing reduces charges (because it saves your medical insurance organization cash) in methods. First, you're paying a part of the invoice; since you're sharing the cost along with your coverage organization, they pay less.
Individuals and families with earning as much as 250 percent of the poverty line are eligible for cost-sharing discounts if they are eligible for a top-class tax credit and buy a silver plan thru the health insurance market in their nation.
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Bitcoin. Sweat. Tide. Meet the Future of Branded Currency
What is Bitcoin and where did it come from?
What kinds of businesses are accepting Bitcoin?
What is the definition of money, according to Kemp?
What are some other forms of currency in existence now?
Can you think of other examples of currency?
Bitcoin is known to originated from no where and it is seen as a kind of a digital currency invented by a man or group of men called Satoshi Nakamoto in 2008.
What kinds of businesses are accepting Bitcoin?They are:
Microsoft. Overstock.Starbucks, etc.What is the definition of money, according to Kemp?Kemp defines money as a given expression of value that is said to be often agreed upon by people.
What are some other forms of currency in existence now?Litecoins.BerkShares. Equal Dollars.Ithaca Hours.Other examples of currency are bonds, commodity money, etc.
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The direct write-off method is not normally an acceptable method under GAAP because it fails to report _____.
Accounts receivable for their net realizable value
Net realizable value is calculated as full realizable amount minus allowance for doubtful debts.GAAP (Generally accepted accounting principles)- It has the common set which is issued by the Financial Accounting Standard boards for accounting rules, standards & procedures.Direct write-off method- It is an accounting method in which uncollectible accounts are written off as bad debt.Learn more about this here-
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HELPPP
A computer is considered an asset because it:
OA. has social value.
B. can be used to learn something.
C. can be easily transported.
D. was imported.
Answer:
b. can be use to learn something
The internal customer base for a fire and emergency service organization is made up of employees and members of the organization while the external customer base is composed of
The external customer base of the fire and emergency service organization include members of the public.
Who are the external customer base?
An external customer base is made up of customers of a business that are not within the organisation and do not have access to non-public information.
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What is the name of the massive public online ledger which records the time and amount of every finalized cryptocurrency transaction
The answer is Blockchain.
A blockchain is a continuously expanding list of documents, or blocks, that are safely connected to one another via encryption.
Each block includes transaction information, a timestamp, and a cryptographic hash of the preceding block (generally represented as a Merkle tree, where data nodes are represented by leafs).
For usage as a publicly distributed ledger, blockchains are often administered through peer-to-peer networks in which nodes collectively follow a protocol to communicate and validate new blocks.
Most cryptocurrencies use blockchain technology to record transactions.
For example, the bitcoin network and Ethereum network are both based on blockchain.
Hence, the name of the massive public online ledger which records the time and amount of every finalized cryptocurrency transaction is Blockchain.
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A _____ is an experienced person who provides guidance to someone new to the workplace.
True or false: According to the textbook there are no easy answers to macro policy problems and one must blend both Keynesian and Classical insights to come to reasonable answers about macro policy.
True.
Both the classical economists and keynesian economists had effective conclusions based on their assumptions it is true to say about macroeconomic policy
What does Keynes say:
Keynesian economics is a macroeconomic theory of all out spending in the economy and its impacts on result, work, and inflation. In view of his hypothesis, Keynes pushed for expanded government expenditures and lower taxes to control demand and haul the worldwide economy out of the depression
What does classical economist say:
The classical macroeconomic structure is built upon the writings of famous
classical economists like Adam Smith, David Ricardo, J.B. Say, T.R. Malthus,
A.C. Pigou, Irving Fisher etc. Classical economists considered full employment, wage-price flexibility, absence of money illusion, etc.
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Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
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A population growth rate of 1% means a population will double in 70 years (70/growth rate). China's growth rate is 0.65%, which means: _______.
i. The population has already begun to decrease from its peak 1.31 billion. ii. China needs to reconsider its one-child policy at the current rate, its population would double in 108 years. iii. Its population of 1.3 billion will reach 2.6 billion by 2080.
Its population would double in 108 years if things continued as they are.
What was the highest growth rate for China?From 1989 through 2022, China's GDP Annual Growth Rate average 9.09 percent, with record highs of 18.30 percent in the first quarter of 2021 and 6.80 percent in the first quarter of 2020.The real gross domestic product (GDP) growth rate in China in 2021 was almost 8.1%.Will China's growth surpass ours?According to a research released by Bloomberg Economics on Thursday, the second-largest economy in the world would only grow by 2% this year. In contrast, according to Bloomberg Economics, the US gross domestic product will grow by 2.8 percent this year.
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Different creditors fighting with each other Blank______ bankruptcy costs. Multiple choice question. has no effect on increases decreases
Different creditors fighting with each other B) increase bankruptcy costs.
The person that files for bankruptcy is generally the one that pays the court submitting fee, which partially price range the courtroom device and related elements of bankruptcy cases. People who earn much less than a hundred and fifty% of the federal poverty pointers can ask to have the charge waived.
For you to avoid monetary devastation, organizations should don't forget the cost of bankruptcy while figuring out how a lot of debt to tackle, or even whether or not they should add to their debt stages at all. The cost of financial ruin may be calculated by means of multiplying the possibility of financial disaster by using its expected ordinary cost.
So, after a financial disaster discharge, the debtor is not legally required to pay any money owed which might be discharged. The release prohibits the lenders of the debtor from amassing the debts which have been discharged.
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The cash that a commercial bank receives as deposits from individuals and businesses is a bank ______.
The cash that a commercial bank receives as deposits from individuals and businesses is a bank Derivative deposits.
What is Derivative deposits?Derivative deposits can as well called secondary deposits , these are the deposits that are in excess of the minimum cash by the banks.
Therefore, The cash that a commercial bank receives as deposits from individuals and businesses is a bank Derivative deposits.
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Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 260 $ 100 $ 340 $ 165 Cost 170 90 250 162 Costs to sell 30 15 25 10 In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at:
The correct option is $85
Costco Medical Supply's inventory:
Surgical Eq - Surgical Supp - Rehab Eq - Rehab Supp
Selling price $260 $100 $340 $165
Cost $170 $90 $250 $162
Costs to sell $30 $15 $25 $10
If we apply the net realizable value rule, the value of surgical supplies would be:
NRV = $100 = $15 = $85
The NRV is also the lower of cost since $85 < $90.
What is meant by NRV?Net realizable value (NRV) is is a common method used to evaluate an asset's value for inventory accounting. It is found by determining the expected selling price of an asset and all the costs associated with the eventual sale of the asset, and then calculating the difference between these two.
NRV = Expected selling price - Total production and selling costs.
I understand that the question you are looking for is :
In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at:
Multiple Choice $75. $90. $85.
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A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even point in sales dollars
Ratio of contribution margin = ($275 - $187)/$275 = 32%
Break-even point in sales dollars = $345,600/0.32 = $1,080,000.
What is Break-even point?
The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.
As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.How do you determine the break-even point in sales volume?Three values must be known in order to calculate a company's breakeven threshold in sales volume:
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Sue can either borrow $10,\!000$ dollars for $5$ years with a simple interest of $7\%$ annually or an interest which compounds annually for $6\%$. How much more money, rounded to the nearest dollar, would she have to pay back for the more expensive interest than the less expensive interest
She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
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Josie was unclear about what managers actually do since this was her first job. Fortunately her training materials explained that a manager's job focuses on ________.
Her training materials explained that a manager's job focuses on helping others achieve their job goals.
What are the characteristics of an effective manager?An effective leader is one who knows his subordinates and their capabilities, helping them to improve them for greater autonomy at work, productivity and motivation.
Therefore, an effective manager must develop their communication skills, provide feedback, and be an example of compliance with the company's fundamental policies and requirements.
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A characteristic of a ________ unit is that it can be a single business or collection of related businesses that can exist separately from the rest of the company.
A characteristic of a strategic business unit is that it can be a single business or collection of related businesses that can exist separately from the rest of the company.
A strategic enterprise unit, popularly known as SBU, is a completely-practical unit of a commercial enterprise that has its own vision and route. typically, a strategic commercial enterprise unit operates as a separate unit, but it is also a crucial part of the employer. It reports to the headquarters about its operational fame.
A strategic commercial enterprise model is a scientific listing of the regulations that will manual the future specification of inputs, outputs, methods, and values of the entire operations of the commercial enterprise of the corporation.
A tactic refers to the particular actions taken to reach the set dreams in keeping with the method. For an instance, organization A's approach is probably to become the most inexpensive provider in the smartphone market. Their managers then need to barter with suppliers to reduce the prices of the digital components used in manufacturing.
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There exist important trade-offs between value creation and low cost because value creation and cost tend to be.
Answer:
Positively Correlated
A widget has an opportunity cost of 4 wadgets in Saudi Arabia and 2 wadgets in the United States. Given these opportunity costs, you would suggest that: Group of answer choices
You would suggest that Saudi Arabia specializes in widgets and the United States in widgets.
In microeconomic theory, the opportunity fee of a particular interest choice is the lack of fee or gain that might be incurred with the aid of engaging in that hobby, relative to conducting an alternative activity providing a better return in price or gain.
“Possibility price is the cost of the next-quality alternative while a decision is made; it is what's given up,” explains Andrea Caceres-Santamaria, senior economic schooling professional at the St. Louis Fed, in a current page One Economics: money and overlooked possibilities.
Whilst economists talk over the “possibility value” of a useful resource, they mean the price of the subsequent-maximum-valued opportunity use of that aid. If, for example, you spend money and time going to a film, you cannot spend that point at domestic reading an ebook, and you can not spend the cash on something else.
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