It allocates a budget to each function at the beginning of each quarter. This is an example of implementing control through input controls.
A budget is a series of calculations, often but not necessarily financial, for a predetermined time frame, frequently a year or a month. A budget may contain information on expected sales and revenue levels, resource quantities such as time, costs, and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities, and cash flows.
Budgets are used by businesses, governments, families, and other groups to define strategic plans of operations in quantifiable terms. A budget lists proposed ways to raise the funds needed to cover projected expenditures. A budget might show a surplus of resources for future use or a deficit where spending exceeds income or other available resources.
The above question is incomplete, the complete question is-
Coda Inc. is an apparel manufacturer. The management at Coda prefers moderate control over the operations of the different departments such as R&D, design, marketing, and sales. It allocates a budget to each function at the beginning of each quarter. This is an example of implementing control through _____.
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The following are the components in determining cost of goods sold Determine the missing amounts Beginning Inventory Purchases (a) (b) S S $81,000 $48,300 $ $105,200 5 $115,000 Cost of Goods Available for Sale $113,000 $159.000 Ending Inventory $33,900 S $30,700 $ Cost of Goods Sold $120,000 This problem has been solved!
$66,200, $79,100, $128,300 are the missing amounts Beginning Inventory Purchases.
(a) Cost of goods available for sale= Beginning inventory + Purchases
= $81,000+$105,200
= $186,200
Cost of goods sold =Cost of goods available for sale- Ending inventory
$120,000 = $186,200-Ending inventory
Ending inventory = $186,200-$120,000
= $66,200
(b) Cost of goods available for sale= Beginning inventory + Purchases
$113,000 = $48,300+ Purchases
Purchases = $113,000-$48,300
= $64,700
Cost of goods sold =Cost of goods available for sale- Ending inventory
= $113,000-$33,900
= $79,100
(c) Cost of goods available for sale= Beginning inventory + Purchases
$159,000 = Beginning inventory + $115,000
Beginning inventory = $159,000-$115,000
= $44,000
Cost of goods sold =Cost of goods available for sale- Ending inventory
= $159,000-$30,700
= $128,300.
inventory or stock refers to the products and materials that a enterprise holds for the last goal of resale, manufacturing or utilisation. stock control is a field on the whole about specifying the shape and placement of stocked items.
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You probably own several pairs of shoes. Further, it is likely you purchased those shoes at retail stores located in a shopping mall and not directly from the manufacturer. In fact, most products are brought to you from a series of other individuals or firms known as amarketing channel
In fact, the most products are brought to you from series of other individuals or firms known as marketing channel.
What is a marketing channel?A marketing channel comprises of the individuals, groups, and tasks required to move ownership of products from the point of production to the point of consumption. It serves as a distribution route and is how things are delivered to consumers, who are the ultimate users. The development of an efficient and well-thought-out marketing strategy depends on the usage of a marketing channel as a management tool. Utilizing more than one distribution route, this less conventional type of the channel enables the manufacturer or wholesaler to reach the end customer. The producer has the option of selling to a different business or retailer who would then market to the consumer through a different channel, such as a store, or directly to them through a direct market like a website.
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customer life-cycle (clc) planning is: group of answer choices making sure each product does not become obsolete. reducing product cost to support a low price strategy. a strategy for retaining customers over much of their lifetime. reducing marketing communicatio costs over the product life-cycle (plc). all of these answers are correct.
Customer life-cycle (clc) planning is (c) a strategy for retaining customers over much of their lifetime
The main goal of customer life cycle planning is to keep clients for the majority of their lives. It is because consumers do not support brands or products for an extended period of time. By offering goods and services that satisfy consumers' requirements, wants, and expectations, businesses want to extend their customers' stay.
Customer lifecycle management, or CLM, is the measurement of several customer-related metrics that, when examined over time, reveal an organization's success.
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a prospectus that contains detailed financial data may be sent annually to stockholders of publicly owned corporations.
A prospectus that contains detailed financial data may be sent annually to stockholders of publicly owned corporations. This statement is false.
What are stockholders ?Owners of an organization's existing shares, also known as shareholders or stockholders, are entitled to a piece of the company's remaining assets, earnings, and voting power.
To go deeper into the concepts, the phrase "stockholder" actually refers to the owner of stock, which is akin to inventory, as opposed to shares. In contrast, "shareholder" refers to the person who owns shares, which can only refer to equity shares in a company.
Thus, A prospectus that contains detailed financial data may be sent annually to stockholders of publicly owned corporations. This statement is false.
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goldwin enterprises has hired you as a network administrator to monitor the network and to ensure that the network functions reliably. to monitor the entire network, you will require a device that will display sensor data on your configurable dashboard. which of the following software will you request from the management?
To monitor the entire network, we will require a device that will display sensor data on your configursable dashboard known as Room Alert Monitor by AVTECH.
Software for network monitoring is used to record, analyse, and examine network data as well as to interpret protocols. Network administrators can find network vulnerabilities and activity with the application. The Room Alert Monitor by AVTECH is a well-known piece of networking software. The Room Alert platform, which consists of monitors, sensors, software, and accessories, collaborates to continuously monitor your environment and keep you informed of any changes. This gives you and your team the opportunity to take action in response to potential threats before they develop into irreversible disasters.
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[Blank}] is defined as a process that begins when one party perceives another party has or is about to negatively affect something the first party cares about.
A) Problem solving
B) Assessment
C) Conflict
D) Negotiation
E) Collective bargaining
A conflict is defined as a process that begins when one party perceives another party has or is about to negatively affect something the first party cares about. Therefore, the option C holds true.
A conflict can be referred to or considered as the situation that develops between two or more parties as a way of expressions of contracting ideologies. These ideologies are also different for each party in the way that they are being interpreted. A conflict may also arise out of completely strange or unknown situations.
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TRUE/FALSE. It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements (T or F)
"It is impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements" This statement is True.
financial statements are written facts that convey the commercial enterprise activities and the financial overall performance of a enterprise. monetary statements are frequently audited with the aid of government companies, accountants, companies, and so forth. to make certain accuracy and for tax, financing, or investing functions. economic statements are formal facts of the economic sports and role of a business, person, or different entity. relevant monetary statistics is presented in a based manner and in a form which is easy to apprehend.
profits are the profit a company has earned for a time period, commonly 1 / 4 or economic yr. The profits figure is indexed as net profits on the earnings statement. while investors check with a business enterprise's income, they're normally regarding internet profits or the earnings for the period.
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in x1, adam and jason formed abc, llc, a car dealership in kansas city. in x2, adam and jason realized they needed an advertising expert to assist in their business. thus, the two members offered cory, a marketing expert, a 1/3 capital interest in their partnership for contributing his expert services. cory agreed to this arrangement and received his capital interest in x2. if the value of the llc's capital equals $180,000 when cory receives his 1/3 capital interest, which of the following tax consequences does not occur in x2?
Cory accepted this deal and received his ownership stake in x2 as a result. If when Cory receives the money, the llc's capital is worth $180,000.
How an LLC possess capital or equity?A membership interest is what you possess in an LLC as opposed to granting stock options like you would in a corporation. In an LLC where you are the only member, you own all of the equity. However, if your LLC has more than one member, equity will be allocated to the members in accordance with the terms of your operating agreement.
How an LLC may raise money?For business owners looking to obtain funds but who do not want investor pressure to produce returns on their investments and have a solid exit strategy, LLCs are probably the best option.
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Please analyze the economic impact of the 3D printing technology on the economy. Discuss the major benefits of using 3D printing and costs associated with it.
The impact of 3D printing is largely felt in the reduction of production costs for machine parts such as jigs and fixtures
Economic Impact of 3D printingBy reducing the number of parts used, streamlining the creation of complex geometries, and even lightweight products to lower their weight and improve worker ergonomics. 3D printing significantly lowers the cost of jigs and fixtures.
The main impact of 3D printing is speed, flexibility, and cost savings.
Rapid iteration speeds up the development process and lowers the cost of making prototypes.
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under the uniform securities act, all of the following transactions are exempt except the sale of corporate bonds to a(n):
Under the Uniform Securities Act, all of the following transactions are exempt except the sale of corporate bonds to a Federal covered securities must be registered with the states.
The Uniform Securities Act is a model law which was created as a starting point for the state-level securities regulation. So, the purpose of the Uniform Securities Act is in order to deal with securities fraud at the state level.
However, under this Act, all of the transactions are exempt except the sale of corporate bonds. Thus, a corporate bond is considered as a type of debt security which is issued by a firm and then sold to the investors.
Hence, the corporate bonds are debt securities.
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How would you expect velocity to typically behave over the course of the business cycle?
Since nominal GDP falls during recessions, and as a result expansionary monetary policy, which
increases the money supply is implemented, in most cases velocity will decline during recessions.
During expansions, the money supply will be less expansionary, and nominal GDP will rise,
typically leading to an increase in velocity.
Velocity increases during expansion and decreases during contraction. Volatile according to business cycle.
Business cycles are a type of fluctuation found in the aggregate economic activity of a nation -- a cycle that consists of expansions occurring at about the same time in many economic activities, followed by similarly general contractions (recessions). This sequence of changes is recurrent but not periodic. The business cycle is an example of an economic cycle. Business cycles are comprised of concerted cyclical upswings and downswings in the broad measures of economic activity—output, employment, income, and sales.
The alternating phases of the business cycle are expansions and contractions (also called recessions). Recessions often start at the peak of the business cycle—when an expansion ends—and end at the trough of the business cycle, when the next expansion begins. The severity of a recession is measured by the three D’s: depth, diffusion, and duration, and the strength of an expansion by how pronounced, pervasive, and persistent it is.
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Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-capital ratio is somewhere between 20% and 50%, and her staff has compiled the following projections for EPS and the stock price at various debt levels: $$ \begin{matrix} \text{Debt/Capital Ratio} & \text{Projected EPS} & \text{Projected Stock Price}\\ \text{20\\%} & \text{\$ 3.10} & \text{\$ 34.25}\\ \text{30} & \text{3.55} & \text{36.00}\\ \text{40} & \text{3.70} & \text{35.50}\\ \text{50} & \text{3.55} & \text{34.00}\\ \end{matrix} $$ Assuming that the firm uses only debt and common equity, what is Terrell’s optimal capital structure? At what debt-to-capital ratio is the company’s WACC minimized?
The ratio of a bank's capital to its risk is known as the capital adequacy ratio (CAR), sometimes known as the capital to risk (weighted) assets ratio (CRAR)[1]. To make sure a bank can take a reasonable level
of loss and conforms with statutory capital requirements, national regulators monitor its CAR. It serves as a gauge for bank capital. In terms of a bank's risk-weighted credit exposures, it is expressed as a percentage. The goal of enforcing this ratio's mandated levels is to safeguard depositors and advance global financial systems' efficiency and stability. Layer one capital, which can withstand losses without requiring a bank to stop operating, and tier two capital, which can withstand losses in the event of
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a firm that has no ties to a specific nation or region and operates on a worldwide scale is called a national enterprise.
A firm that has no ties to a specific nation or region and operates on a worldwide scale is called a national enterprise. This statement is false.
A company is considered a multinational corporation (MNC) if it conducts business in at least one nation other than its own. It should also produce at least 25% of its revenue outside of its own nation. A multinational corporation typically maintains branches, factories or other facilities throughout the world in addition to a centralized headquarters that organizes worldwide administration. International, stateless or transnational corporate organizations or businesses are other names for multinational corporations. Some might have budgets that are larger than those of small nations. An organization is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a multinational corporation.
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Which of the following concepts is not part of the definition of a derivative under IFRS?
1) The instrument has one or more underlyings.
2) The instrument requires little or no initial net investment.
3) The instrument permits net settlement.
4) The instrument has a notional amount.
A
The instrument has a notional amount.
The definition of a derivative under IFRS does not include the concept of notional amount.
There is a notional sum for the instrument. The idea of notional amount is not included in the IFRS definition of a derivative.
What does an IFRS derivative mean?A financial instrument or other contract that falls under the purview of this Standard and possesses all of the following features is referred to as a derivative. (a) Its value fluctuates in response to changes in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, or credit rating.
What does an accounting derivative mean?Accounting problems A contract that derives its value from changes in an underlying variable is known as a derivative. For instance, the price of the underlying stock determines the value of a stock option contract; if the price of the stock varies,
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a flexible budget would be useful for how many of the following: wages for direct labor variable overhead costs administrative salaries direct material costs
A flexible budget would be useful for all of the following
A flexible budget is a budget that adjusts to changes in activity levels within a certain range. It is designed to be responsive to changes in business conditions and allows an organization to better respond to fluctuations in demand or factors affecting its operations. For example, if an organization experiences an increase in demand for its products it may need to hire additional labor to meet this demand. A flexible budget would allow the organization to adjust its labor budget to reflect this increase in demand.
Similarly, a flexible budget would be useful for variable overhead costs, such as utilities or supplies, which can vary based on changes in activity levels. Administrative salaries and direct material costs may also be subject to fluctuations based on demand changes or other factors, and a flexible budget would allow an organization to adjust its budget accordingly.
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On the oligopoly graph it always makes good commonsense for a firm to lower their price below the kink in order to beat their competitors and to increase profits.
True
False
On the oligopoly graph it always makes good commonsense for a firm to lower their price below the kink in order to beat their competitors and to increase profits. FALSE
An oligopoly is a marketplace shape in which a market or industry is dominated by way of a small wide variety of big sellers or manufacturers. Oligopolies regularly end result from the desire to maximize earnings, that could cause collusion between corporations.
An oligopoly is a market characterized by means of a small number of firms who recognize they're interdependent of their pricing and output policies. The variety of companies is small enough to present every firm some market electricity.
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interns from a local college frequently work at your company. some interns work with the database developers, some interns work with the web application developers, and some interns work with both developers. interns working with the database developers require specific privileges, and interns working with the web application developers require different privileges. which of the following is the simplest method to meet these requirements?
The most straightforward way to fulfill these requirements is to use group-based rights.
How does a group right appear?A group right is a privilege that the entire group may exercise rather than just one particular member. A person's right, on the other hand, is one that they claim exclusively for themselves. One example of a commonly mentioned collective right is the right of a nation or people to self-determination.
How important are collective rights?These individual rights, which are exercised collectively (as a social practice) and exclusively, ensure that every member of a specific community has the freedom to act (worship, socialize, and express themselves culturally) without interference from outsiders (by members of a particular group only).
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In order to reduce its production costs, Delta LLC has moved its manufacturing facilities to an developing country where there are few labor protection laws. The employees at the manufacturing facilities are children and teenagers who receive minimal wages. Which of the following ethical issues is illustrated in this scenario?
A. Substandard working conditions
B. Information manipulation
C. Opportunistic exploitation
D. On-the-job consumption
E. Self-dealing
Ethical issues is illustrated in this scenario (a)- Substandard working conditions.
The correct answer is (a).
Work situations are understood as any factor of work with viable terrible effects for the health of workers, along with, further to environmental and technological components, paintings organization and control issues.
Even though we endure in thoughts that sickness isn't some thing foreign to the human situation, however that it's miles a part of its nature, in addition to fitness, it's far no much less proper that at work we get with regards to risky materials, materials and machines, with pressured bodily needs, with dangerous environmental and climatic situations, and so forth.
It's miles viable to avoid unjust infection and loss of life, within the experience of preventable, premature, and with those adjectives maximum of the paintings-related damages may be defined.
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table: average income and distribution of income data provides recent data from the world bank on average income and the distribution of income in four countries.
The top quintile in Sri Lanka (D) has the highest average income.
Based on the table provided, we have some informations related to the dsitribution of income and average of income, such:
Bangladesh Uganda Sri Lanka Mongolia
Average household income $1,000 $1,000 $3,000 $3,000
in the nations
Percent of total income 41.4% 49.8% 47.6% 40.6%
earned in the top quintile
To find the country with the highest top quintile average income, we have to find each country's average income earned by the top quintile.
Average income earner by the top quintile = %of total income earned in the top quintile x average household income in the nations
Hence, we can find that:
Bangladesh Uganda Sri Lanka Mongolia
Average household income $1,000 $1,000 $3,000 $3,000
in the nations
Percent of total income 41.4% 49.8% 47.6% 40.6%
earned in the top quintile
Average income earned $414 $498 $1,4428 $1,218
by the top quintile
Our results show that Sri Lanka's top quintile earned the highes average income compare to other countries.
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Complete Question:
Table: Average Income and Distribution of Income Data provides recent data from the World Bank on average income and distribution of income in four countries.
(Please refer to the table attached below)
Based on the data in the table, those in the top quintile have the highest average income in which country?
UgandaMongoliaBangladeshSri LankaIf you wish to improve downstream processes, i.e. distribution channel and demand management, you need to primarily work with ( ) to identify areas of opportunity. (Refer to Chapter 12)
A. C-level management.
B. Marketing and sales managers
C. Purchasing managers
D. Government officialsMarketing and Sales Managers
Working primarily with marketing and sales managers is necessary if you want to improve downstream processes, such as distribution channel and demand management.
The term "downstream processing" (DSP) refers to the series of procedures needed to create a pure and homogenous protein product from biological materials such as cells, tissue culture fluid, or plant tissues. DSP is a multistep method that steadily improves the purity of the target by utilizing the physical and chemical characteristics that set it apart from contaminants since the product is originally trapped in a biological matrix with a broad and diverse variety of nontarget molecules. In DSP, bulk pollutants including particles, carbohydrates, and oils are removed by harvesting and clarity procedures, and then the feed stream is refined through capturing and polishing steps, leaving only the target product behind.
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which of the following statements is a primary objective of accounting for income taxes? to compare an enterprise's federal tax liability to its state tax liability. to identify all of the permanent and temporary differences of an enterprise. to estimate the effect of the tax consequences of future events. to recognize the amount of deferred tax liabilities and deferred tax assets reported for future tax consequences.
To recognize the amount of deferred tax liabilities and deferred tax assets reported for future tax consequences is a primary objective of accounting for income taxes.
An income tax is a charge levied against people or organizations in relation to the income or profits they make. In most cases, income tax is calculated as the sum of the tax rate and the amount of taxable income. The kind of taxpayer and the type of income are two factors that might affect the tax rate.
The money the government receives is referred to as tax revenue, and it can be used for a variety of things, including building public infrastructures like roads, railways, bridges, dams, and other similar things, financing public healthcare and education, and funding the military and other civil services.
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The Cost Of Debt Is Equal To One Minus The Marginal Tax Rate Multiplied By The Average Coupon Rate On All Outstanding Debt. Select One : A. True
B. False
The correct answer is B. False. The costs of capital's various components are set by the market insofar as they are based on investors' expected returns. The cost of debt is determined by dividing the coupon rate on outstanding debt by one less than the marginal tax rate.
The weighted average cost of capital (WACC) is the average cost of the entity's financial resources (stock, bonds, bank loans, and preference shares), weighted in accordance with the relative importance of each resource to the overall pool of available funds.
As a firm raises more money, the cost of the various sources of capital frequently changes, which affects its weighted average cost of capital (WACC). This relationship is represented by the WACC for various capital raising levels in the marginal cost of capital (MCC) schedule.
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The _____ presentation format assumes that given the appropriate stimulus by a salesperson, the prospect will buy. A. adaptive sellingB.stimulus-responseC.non-suggestive sellingD.consultative sellingE.canned sales
The stimulus-response presentation format relies on the notion that the prospect will buy if the salesperson provides the right stimulus.
What are 3 main duties of salesperson?Presenting, promoting, and selling items and services to current and potential clients while employing persuasive arguments are responsibilities. For fulfill the demands of new and existing customers, do cost-benefit analyses and assessing. Create, grow, and sustain a successful business and customer connection.
What makes a good salesperson?A good salesperson has more to offer customers than just an engaging pitch; they are upbeat, resilient people who take the time to learn about their clients' needs, demonstrate empathy, and deal in a product with assurance.
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Rydell Company exchanged business realty (initial cost $55,250; accumulated depreciation $25,450) for like-kind realty worth $44,000 and $2,000 cash. Assume that depreciation on the realty exchanged was computed using the straight-line method and that Rydell Company is not a corporation. As a result, Rydell must recognize: Multiple Choice $2,000 ordinary gain $2,000 Section 1231 gain O No gain or loss None of the above
The initial business real estate exchange cost was $55,250.
Amount of accumulated depreciation = $25450
Exchanged business reality value = $29800
Received consideration = $44,000
Received cash consideration = $2,000
Amount received in full = $46,000.
Gain according to Section 1231: $14200 ($44,000 - $29800).
Received cash = $2,000
Total Gain = $16200
Total Gain Amount refers to the sum of all realized capital gains made by the Company cumulatively from its founding to the conclusion of any fiscal year, expressed in dollars.
To calculate the investment's total gain, investors must first discover the investment's original cost or purchase price. The investment's gain or loss is then determined by subtracting the purchase price from the sale price.
The percentage of gain or loss on an investment is very important since it shows the difference between what was achieved and what was needed to achieve the gain.
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states give powers to corporations through state incorporation statutes and through each corporation's articles of____
States give powers to corporations through state incorporation statutes and through each corporation's articles of incorporation.
Articles of incorporation, also known as a certification of formation or charter, are a series of papers submitted to a government agency in order to formally record the formation of a corporation.
General information about the corporation, such as the company name and location, is contained in these legal documents.
The bylaws of a corporation, which define its rules and regulations and assist define the responsibilities of its directors and officials, are frequently confused with the articles of incorporation.
The articles of incorporation and the bylaws together constitute the foundation of the company's legal structure. The importance of articles of incorporation lies in the fact that they create a company inside its home state and inform the state of critical elements of the enterprise.
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suppose that with a budget of $180, deborah spends $108 on sushi and $72 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. then, the price of bagels falls to $1 per bagel.
It may be necessary to calculate the price of buying multiples of the same item while making a personal budget. The appropriate formula in this situation is Price x Quantity = Cost.
Using the formulas: Price times Quantity = Cost and Quantity = Cost divided by Price: The answer to the question A of pieces of sushi and bagel is
Pieces of sushi = $108 ÷ $2
= 54
Pieces of Bagels = $72 ÷ $2
= 3
The answer to the question B of cost pf pieces of the same quantity is
Pieces of sushi = $108
Bagels = $1 x 36 = $36
Total Cost = $108 + $36
= $144
The answer to the question C of income effect caused by the reduction in the price of bagels
Pieces of sushi = $180
Total Cost = $144
income effect = $180 - $144
= $36
Question:
Suppose that with a budget of $180, Deborah spends $108 on sushi and $72 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. But then, after the price of bagels falls to $1 per bagel, she spends $50 on sushi and $50 on bagels. Instructions: Enter your answers as whole numbers.
a. How many pieces of sushi and how many bagels did Deborah consume before the price change?
Pieces of sushi =
Bagels =
b. At the new prices, how much money would it have cost Deborah to buy those same quantities (the ones that she consumed before the price change)?
$ =
c. Given that it used to take Deborah's entire $180 to buy those quantities, how big is the income effect caused by the reduction in the price of bagels?
$ =
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Paulina manages a fast food restaurant. Which of the following represents Paulina dealing with a personal barrier to communication?
A. Feeling overwhelmed by the high volume of e-mails, reports, and customer calls, Paulina decides to walk around the exterior of the restaurant for 15 minutes.
B. After hiring two new employees who speak Portuguese, Paulina has the employee handbook and all the restaurant’s signs translated.
C. When Paulina notices a customer who is clenching her fists and glaring angrily into the kitchen, Paulina warmly greets the customer and asks what she can do to help.
D. Paulina orders new cash registers because the old ones could not integrate credit cards sales in with cash purchases.
Feeling overwhelmed by the high volume of e-mails, reports, and customer calls, Paulina decides to walk around the exterior of the restaurant for 15 minutes.
Correspondence hindrances keep an individual from accurately getting and tolerating the messages others use to impart their data, contemplations, and thoughts. A portion of the instances of correspondence obstructions is data over-burden, finicky insights, work environment tattles, semantics, and distinctions in sexual orientation.
An individual confronting an obstruction in correspondence will respond contrastingly in specific circumstances which aren't normal. Paulina being a café director ought to be acclimated to getting a high volume of messages, reports, and minutes and there isn't anything overpowering in it.
Paulina's mind-boggling response addresses that she is managing an individual obstruction to correspondence. In this manner, the right response is choice A.
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in x1, adam and jason formed abc, llc, a car dealership in kansas city. in x2, adam and jason realized they needed an advertising expert to assist in their business. thus, the two members offered cory, a marketing expert, a 1/3 capital interest in their partnership for contributing his expert services. cory agreed to this arrangement and received his capital interest in x2. if the value of the llc's capital equals $180,000 when cory receives his 1/3 capital interest, which of the following tax consequences does not occur in x2?
The tax consequence that does not occur in x2 is that Cory does not have to pay a capital gains tax on the $180,000 value of his 1/3 capital interest. Since Cory has not sold the interest, there is no gain or loss to be reported and thus no capital gains tax is due.
An amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government.
A financial stake in a business is called a capital interest. A capital interest holder participates in the partnership's gains and losses. A member's initial investment in the company's capital is frequently taken into account when calculating capital interest. the sum of all monetary donations made to the company.
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Willingham, Inc., an accrual basis C corporation, reports pretax book income of $1,600,000. At the beginning of the year, Willingham reported no deferred tax accounts on its balance sheet. At the end of the year, Willingham’s depreciable assets had a net book value of $15,000,000. It is subject to a 21% U.S. income tax rate in the current year and for the foreseeable future.
Willingham’s book-tax differences include the following. Compute the entity’s current and deferred Federal income tax expense for the year.
Answer:
Willingham, Inc. reports pretax book income of $1,600,000. The entity is subject to a 21% income tax rate, so its current Federal income tax expense would be 21% * $1,600,000 = $<<21*.01*1600000=33600>>336,000.
If Willingham has no deferred tax accounts on its balance sheet at the beginning of the year and its depreciable assets have a net book value of $15,000,000 at the end of the year, then it likely has a significant amount of depreciation expense on its income statement. This would create a book-tax difference, as depreciation expense is deductible for tax purposes but not for book purposes. As a result, Willingham may have a deferred tax liability on its balance sheet at the end of the year.
To calculate the deferred tax liability, we would need to know the amount of depreciation expense on Willingham's income statement and the difference between the depreciation expense for book and tax purposes. With this information, we can calculate the deferred tax liability as follows:
Deferred tax liability = (Book depreciation expense - Tax depreciation expense) * Tax rate
Without more information about Willingham's depreciation expense and book-tax differences, it is not possible to calculate the entity's deferred tax liability.
Which of the following is not a threat to the revenue cycle sales order entry process? A) incomplete orders. B) invalid orders. C) cash flow problems
cash flow problems is not a threat to the revenue cycle sales order entry process.
The appointment or hospital visit initiates the revenue cycle, which concludes when the hospital or provider is fully compensated for the services rendered. Preregistration, registration, charge capture, claim filing, remittance processing, insurance follow-up, and patient collections are the seven steps of the revenue cycle. The financial management procedure that aids in tracking, identifying, collecting, and managing incoming payments is known as revenue cycle management (RCM). By doing this, businesses can encourage financial openness inside their organisation and ensure that people are charged fairly for the services and medical care they get. The financial procedure that healthcare institutions employ to track patient care episodes from registration and appointment scheduling through the final payment of a balance is known as revenue cycle management (RCM), and it makes use of medical billing software.
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