Answer:
True
Explanation:
What job can you get with Finance & Accounting Specialization?
I have a Specialization in Finance & Accounting by HARVARD BUSINESS SCHOOL ONLINE. I want to find a job, but i dont know what job can i choose.
The job that you can get with Finance & Accounting Specialization include auditing and financial analyst.
How to illustrate the information?It should be noted that someone who studies finance and accounting specialization is in charge of the accounts of the company.
In this case, the job that you can get with Finance & Accounting Specialization include auditing and financial analyst.
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Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on December 31, 2016, Scobie found it had made the following material errors, for both financial reporting and income tax reporting, during 2015.
1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine.
2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000.
Scobie’s net income after taxes during 2016 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2016.
Required:
1. Prepare whatever journal entries in 2016 are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account.
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
What is Retained Earnings?Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
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.
Cy Burspace first began working for Epic Electronics in the mid-1970s as a business technology specialist. Today, he is the department head for the company's information systems department. Cy is well known and respected by everyone in the company, and his coworkers recently threw a party to honor his 40th year with Epic. Cy did a lot of reminiscing at the party, telling the newer employees how things were done in the "old days," and comparing them to newer methods. "I'm still amazed at how things have changed. When I first came to Epic, we had a central computer to handle everything. It took up a whole room, but all it really did was generate financial reports for management," said Cy. "Today, employees have their own personal computer, and all are hooked up to a network. All of this connectivity has led to big improvements in our operations. For example, if a production worker wants to find out how many units of a particular component we have in inventory, or wants the name and address of a particular supplier who sells us that component, he or she can get the information in the blink of an eye. In fact, we have even given our suppliers and customers access to our network so that we can share information and provide them with better service. That change has really helped us compete against the bigger firms." "Now," Cy continued, "most of the workers in my department don't even have to be at the office to be connected. We have smartphones and laptops so we can do much of our work from home or while we are on the road." A new employee asked Cy if he was ready to retire. "No way," he said. "I'm in the middle of a major project right now. We're trying to design a single entry point for people to use when logging on to the Epic network. We want to set it up so that the log-on procedure identifies different types of users and automatically gives them access to the types of resources they need. For example, customers who logged on would be allowed to place orders, check on the status of previous orders, and interac
The set it up or the access that one can use to be able to know the log-on procedure and identifies different types of users and also automatically gives them access to the types of resources they need are:
The use of Discretionary Access Control (DAC) Rule-Based Access Control.Identity-Based Access Control.The use of a a Program where all User Accesses the System is only by an Individual Account:What is the Access Control Systems about?The use of the Discretionary Access Control (DAC) is known to be one that place some measures of control into the business owner's discretion or hand.
So, The set it up or the access that one can use to be able to know the log-on procedure and identifies different types of users and also automatically gives them access to the types of resources they need are:
The use of Discretionary Access Control (DAC) Rule-Based Access Control.Identity-Based Access Control.Learn more about user access from
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Which of the following parts of the marketing plan details the steps a company will
take to reach the marketing objectives?
O Strategic plan
O Control tools
O Evaluation
O Implementation plan
The correct option is (d). The implementation plan is the marketing plan that details the steps a company will take to reach the marketing objectives.
Marketing plan:
An overall business plan could include a marketing plan. A well-written marketing plan must have a strong foundation in marketing strategy in order to fulfill its objectives. A marketing plan may include a list of tasks, but without a solid strategic base, it is of little service to a company.
The advertising technique a company will use to market and sell its goods or services is called a marketing plan. The target market, the best way to reach them, the price point at which the good or service should be sold, and the method by which the business will evaluate its performance will all be determined by the marketing plan.
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It is very difficult for small businesses to be successful. The Small Business Administration estimates that 20 percent will dissolve or go bankrupt within two years. A sample of 50 new businesses is selected. a. What is the mean and standard deviation of this distribution? b.What is the probability that more than 16 in the sample will go bankrupt? c. What is the probability that exactly 14 will go bankrupt? d.What is the probability that between 7 and 9 businesses will go bankrupt? e. What is the probability that between 7 and 15 businesses will go bankrupt?
A) Mean and standard deviation of this distribution :
Mean = 10, Std = 2.82843
B) Probability of >16 in sample will be bankrupt : 0.01444
C) Probability that exactly 14 will go bankrupt : 0.04986
D) P( x = 7, 9 ) = 0.0878
E) P( x = 7, 15 ) = 0.0757
Analysis of the Problemsn = 50
p = 20/100 = 1/5.
q = 4 / 5
Applying binomial distribution to determine the mean and std
A) Mean = E(x) = n * p
= 50 * 1/5 = 10
Standard deviation = [tex]\sqrt{np(1-p)}[/tex] = [tex]\sqrt{8}[/tex] ≈ 2.82843
B) P( x >16 )
∑[tex]50k=17P(X=k)=\sum50k=17 \binom{50}{k}( k50 )4^{50-k} /5^{50}[/tex] = 0.01444.
C) Probability of ( x = 14 )
[tex]P(X=14)=\binom{50}{14}[/tex] * 4^36 / 5^50 ≈ 0.04986.
Applying the same formula to resolve options D and E
Hence we can conclude that the answers to your questions areas listed above:
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Is operations management relevant to nonbusiness organizations such as colleges and hospitals?
Yes, operations management relevant to nonbusiness organizations such as colleges and hospitals.
What is operations management?Operation management can be defined as the way of managing day to day business activities or operations so as to ensure smooth running.
Operations management is important or relevant to both business organization and nonbusiness organizations .
Therefore the statement is true.
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In your completed RACI chart how many stakeholders are accountable for the code landing page task?
Answer:
Only one individual is accountable for each deliverable/task. At least one individual is responsible for each task. (Note that some tasks may not need Consulted or Informed individuals.)
Explanation:
Each task or deliverable has a single person who is responsible for it. There is always at least one person in charge of each task.
What is RACI chart?RACI stands for responsible, accountable, consulted and informed. A RACI chart identifies which participants will be Responsible, Accountable, Consulted, or Informed for a task, milestone, or decision. Responsible, Accountable, Consulted, and Informed is the abbreviation for RACI. An organization's operations or decision-making authorities are mapped out against all the roles or individuals in a RACI chart.
To determine the roles and responsibilities of your project teams for any task, milestone, or project deliverable, create a RACI chart. You can delineate roles and clear up ambiguities by using the RACI acronym. RACI is an acronym for accountable.
Thus, Each task or deliverable has a single person who is responsible for it.
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One of Christina’s colleagues works with her on developing a more standards-driven environment in her classroom. The two teachers locate a state standard relevant to Christina’s class, and the veteran teacher helps Christina “unpack” the standard as she plans her lesson. What is the first thing that Christina should do?
The first thing Cristina should do to create a more standards-oriented environment in her classroom is to create positive relationships with her students.
How to create a positive educational environment?It is necessary for the teacher to be organized according to the methodologies required by the institutional standard, as standardization generates the systematization of processes so that student learning and development occurs in a similar way, without bias, for example.
Therefore, the standardization of teaching helps in conformity, structuring and systematization, essential for the formation of relationships and educational culture favorable to social, cognitive and academic development.
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Jacinda Herschel wants to buy a car and determines she can afford to pay $365.15 a month for a 4-year loan. The rate on her loan would be 4.65%. How much can Jacinda borrow?
Jacinda Herschel wants to buy a car this amount $15965.57 can borrow.
What is loan?
An amount of money borrowed by a person or business from a business, financial institution, or government is known as a loan.
Jacinda Herschel monthly saving (M) = $365.15
Term = 4 years loan
Interest rate = 4.65% or 0.0465
Number of months (n) = 4 years x 12
Calculation of number of month is = 48
Monthly interest rate (r) = 0.0465/12 = 0.003875
Loan amount formula as = [tex]M/r [1-(1 + r)^{-n}[/tex]
= [tex]$365.15/0.003875 [1-(1 + 0.003875)^{-48}[/tex]
[tex]= $365.15/0.003875 x (1-(1.003875)^{-48})[/tex]
= $365.15/0.003875 x [1 – 0.83057208775233]
= $365.15/0.003875 (0.16942791224767)
= $15965.57
As a result, $15965.57 is correct.
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what is a karst scenery
Answer:
Karst is a type of landscape where the dissolving of the bedrock has created sinkholes, sinking streams, caves, springs, and other characteristic features. Karst is associated with soluble rock types such as limestone, marble, and gypsum.
Which of the following statements is true with respect to a company's control
environment? (Check all that apply.)
A. One of the greatest control strengths is the dishonesty of
employees; one of the greatest control weaknesses is the honesty
of employees.
B. Management should assign authority and responsibility for goals
and objectives to departments and individuals and hold them
accountable for achieving them.
C. An involved board of directors represents shareholders and
provides an independent review of management that acts as a
check and balance on their actions.
4
D. An overly complex or unclear organizational structure is not an
indication of possible serious problems in an organization.
Submit
Answer:
b
Explanation:
The main objective of an organisation is to achieve organisation goal.For the organisation goal to be achieved,the organisation must have passed through the objectives of management which are planning,organising,controlling and controlling.A good proper planning by an organisation is to give thier employee thier role in achieving organisation goal,control the staffs when needed, when things needs to be controlled.lack of planning might lead to the failure of the organisation goal.
Hayek believed that the economy could be hard to measure because
individuals have the power to make decisions and are unpredictable.
individuals have the power to make decisions and are predictable.
government has the power to make decisions and is unpredictable.
government has the power to make decisions and is predictable.
Answer:
a
Explanation:
Hayek believed that the economy could be hard to measure because individuals have the power to make decisions and are unpredictable. This is also known as the economic calculation problem. Thus, the correct answer is option A.
What did Hayek believe?In response, Hayek claimed that it was impossible for central planners to determine prices and quantities that would accomplish the market outcome since the required information about preferences and output could not be known in advance and could only emerge via market interaction.
Mises and Hayek contended that economic calculation is only possible with knowledge provided by market pricing, and that bureaucratic or technocratic methods of resource allocation lack mechanisms for rational resource allocation.
Therefore, individuals have the power to make decisions and are unpredictable.
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Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?
$136500
$172500
$88000
$52000
The net income for the year 2022 is: c. $88,000.
Net income for the year 2022Using this formula
Net income=Revenues - Expenses
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c.
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Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5 percent).
a. How many jobs were lost, as a result, in a labor force of 180 million? $ million
b. If the average worker produces $97,000 of output, how much output will be lost? $ billion
c. By how much did GDP per capita decline as a result (310 million people)? $ per person
Based on the unemployment rate at the full employment rate and the current unemployment rate, the jobs lost were 4,320,000 jobs.
The output lost by the increase in unemployment is $419.04 billion.
The decline in GDP per capita would be $1,351.74 per capita.
What number of jobs were lost?This can be found as:
= (7.4% - 5%) x 180,000,000
= 4,320,000 jobs
What amount of output was lost?= Jobs lost x output per employee
= 4,320,000 x 97,000
= $419,040,000,000
= $419.04 billion
What did the GDP decline by?= Output lost / Population
= 419,040,000,000 / 310,000,000
= $1,351.74 per capita
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what is effectiveness in customer service?
Answer:
the helping of the emmployee in where something is or to reach something or to get something from the back
Explanation:
Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?
$136500
$172500
$88000
$52000
If the company recorded revenues of $735000, expenses of $647000. Vaughn's net income for the year 2022 is: c. $88,000.
Net incomeUsing this formula
Net income=Revenues - Expenses
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c. $88,000.
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What measures can Nando’s use to assess environmental turbulence within the macro-environment?
The two measures which can be used by Nando’s to assess environmental turbulence within the macro-environment are predictability and changeability.
What is an environmental turbulence?An environmental turbulence can be defined as a measure of the rate and unpredictability of changes that occurs in a business firm's external environment.
In this context, we can infer and logically deduce that the two (2) measures which can be used by Nando’s to assess environmental turbulence within the macro-environment are predictability and changeability.
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A couple decides that Sophia will drive the first 3/5 of a trip and Toby the last 2/5. The entire trip is 500 miles long. How far will Sophia drive? 200 miles 100 miles 300 miles 400 miles
Roles of the different types of organisations in the context of the business environment
The roles of the different types of organizations in the context of the business environment include:
Helping the business to have a clear view of its prioritiesEnabling better communication between employees and managers andHelping the employees to know their roles and perform better.What are the different types of orgaizations?The different types of organizations include the matrix, functional, flat, and divisional forms.
All of these types of organizations help to structure the business and helps employees to know who to report to. In the end productivity is enhanced.
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Under mechanism of scientific management scientific task setting include?
Answer:
All of the above
Explanation:
Time study
Motion study
Method study
All of the above
By agreeing to the Statement of Understanding, the consumer
By agreeing to the Statement of Understanding, the consumer acknowledges that they clearly understand that they are enrolling in a plan, combined with knowing the specific plan in which they are enrolling.
What is a Statement of Understanding?Applicants and foster parents who sign a statement of understanding indicate that they have read, comprehend, and agree to abide by all laws, rules, and regulations that belong to the running of residential care.
The complete question is attached-
This ensures that the consumer is aware of the enrollment in a plan and activities associated with the plan and respective actions. It reflects that they have all the information related to the deal.
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Which of the statements is true concerning a designated agency?
Answer:
Neither the broker nor a broker's agent act as a dual agent.
Explanation:
Japan and other Asian countries have been experiencing an economic boom, what impact will this have on the US economy. Answers the following questions to determine the impact.
A. What curve will shift and it what direction? B. What macro-equilibrium condition is created because of the Asian boom? C. Explain why this macro-equilibrium condition needs to be fixed? D.Explain the fiscal policy tools that are available to fix this problem.
A) The impact of the Asian economic boom on the US economy is: The demand curve shifts to the left ( decrease in demand for US products )
B) The macro-equilibrium condition created because of the Asian economic boom is : The aggregate supply and aggregate demand moves inwards, becomes equal ( i.e. negative macro-equilibrium )
C) The macro-equilibrium condition needs to be fixed to : Avoid inflation and decrease in GDP
D) The fiscal policy that can be used is : Decrease of Income tax
Effects of economy boom on rival economiesAn economic boom in the Asian countries will negatively impact the demand for US products, therefore the demand curve of the US market will shift to the left. Also the macro-equilibrium condition will move inwards ( shift to the left ). fixing the negative macro-equilibrium will help the US economy avoid inflation and decrease in GDP.
Hence we can conclude that the answers to your questions are as listed above
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Which of the following is the correct definition for free cash flows to the firm?
The correct definition for free cash flows to the firm is D. EBITX (1-Tax) + Depreciation - Changes in working capital - Capital Expenditure.
What is free cash flow?Free cash flow (FCF) is the cash a company has after all the cash outflows for its operations and capital assets maintenance.
This implies that free cash flow is the available cash that a company has after making payments for its operating expenses and capital expenditures (Capital Expenditure).
A. EBITDAX (1-Tax) + Depreciation - Changes in working capital + Capital Expenditure
B. EBITDAX (1-Tax) - Depreciation - Changes in working capital - Capital Expenditure
C. EBITX (1-Tax) - Depreciation - Changes in working capital + Capital Expenditure
D. EBITX (1-Tax) + Depreciation - Changes in working capital - Capital Expenditure
Thus, the correct definition for free cash flows to the firm is Option D.
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Seamus McIntyre started saving for retirement today by investing $624 in an account earning 4.20%. He plans to continue with monthly contributions of the same amount for 24 years. The present value of his investment is:
The present value of his investment is $113501.94.
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
Present Value of an Annuity Due is equal to C + C*[1-(1+i)^-(n-1)]/i]
C = Periodic Cash Flow ($624)
i = interest rate per period =4.2%/12 =0.35%
n=number of period=24×12 =288
= $624+624[1-(1+0.0035)^-(288-1) /0.0035]
= $624+624[1-(1.0035)^-287 /0.0035]
= $624+624[(0.6331)] /0.0035
= $113501.94
As a result, $113501.94 is the correct answer.
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Which of the following topics should be covered by HAZWOPER training? (Select all that apply.)
SELECT ALL THAT APPLY
Work practices to minimize risks of exposure
Selection and use of personal protective equipment
Emergency response plans
All potential hazards
Topics that should be covered by HAZWOPER training are-
Work practices to minimize risks of exposureSelection and use of personal protective equipmentEmergency response plansAll potential hazardsWhat is the objecetive of HAZWOPER training?HAZWOPER training aims to provide a hazardous-free, safe and healthy environment to the workers at their workplace while doing dangerous tasks. Thus encouraging better learning, growth, and development.
This training program includes practices at the workplace to minimize the risk of exposure to danger, use of personal protective equipment to ensure safety, development of emergency plans to avoid any big injury, and study of all potential hazards.
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A service contract for a video projection system costs $80 a year. You expect to use the system for six years. Instead of buying the service contract, what would be the future value of these annual amounts after six years if you earn 3 percent on your savings?
The future value of the annual amounts after six years, earning an annual rate of return of 3% is $517.47
What is the future value of an ordinary annuity of $80 per year for six years earning a rate of 3% annually?
Note that the $80 that would have been paid for the video projection system would be invested at the end of each year, in other words, we would invest an equal amount every year for six years, hence, the future value formula of an ordinary annuity is the most appropriate to determine the value of the savings after six years
FV=annual savings*(1+r)^N-1/r
annual savings=$80
r=rate of return=3%
N=number of annual savings for 6 years=6
FV=$80*(1+3%)^6-1/3%
FV=$80*(1.03)^6-1/0.03
FV=$80*(1.194052296529-1)/0.03
FV=$80*0.194052296529/0.03
FV=$517.47
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If the owner contributes $44,900 and the owner withdraws $4,200, how much is net income (loss)?
The net income (loss) is -$12,300 based on the amount the owner contributed and then withdrew. Businesses would effectively report a negative net profit as a net loss on the income statement.
Calculate the Net Income Loss:
First, find the value of ending equity:
= Ending assets - liabilities
[tex]=62000-28000\\\\=34000[/tex]
Then find the beginning equity:
[tex]=25000-19000\\\\=6000[/tex]
The net income(loss) is:
= Equity - Owner's contribution + Withdrawals - Beginning Equity
[tex]=34000-44500+4200-6000\\\\=\ 12300[/tex]
When all costs—including taxes, fees, interest, and depreciation—exceed earnings for a specific time period, the result is a net loss. A net profit, usually referred to as after-tax income or net income, can be contrasted with a net loss.
A net loss can result from a variety of circumstances, including weak sales, fierce competition, ineffective marketing efforts, and higher cost of goods sold (COGS).
Therefore, the net loss is -$12,300.
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Suppose that Sheffield Corp. produced and sold 4800 laptop computers during 2022. It reported $137800 cash provided by operating activities. In order to maintain production at 4800 laptops, Sheffield invested in $9120 in equipment. Sheffield paid $1480 in dividends. What is Sheffield's free cash flow?
$137800
$148400
$144800
$127200
Suppose that Sheffield Corp. produced and sold 4800 laptop computers during 2022. Sheffield's free cash flow is $127200.
Free cash flowFree cash flow
Cash provided by operating activities $137,800
Less Investment in equipment $9120
Less Dividends $1480
Free cash flow $127200
Therefore the correct option is d. $127200.
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Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
week. If the wage is $500, how many workers would the ranch hire ?
A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.
What is a marginal labor?This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.
Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.
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