Federal laws limit foreign ownership of U.S. airlines to 25% and require U.S.-citizen control of airlines.
By introducing new airlines to the market or growing existing airlines, foreign investment may have an impact on the level of competition. However, increasing the ownership limitation is unlikely to have an impact on investment as profitable US airlines aren't actively looking for extra funding and international investors have shown little interest.
The Department of Transportation (DOT) is in accountable for ensuring that U.S. airlines are abiding by the regulations governing foreign ownership and control, which, among other conditions, set a limitation on foreign ownership at 25 percent of the voting stock of U.S. airlines. According to DOT guidelines, it is necessary to check the ownership structure of new airline applicants to make sure that it complies with legal requirements for ownership and control and is in fact managed by U.S. residents. On a case-by-case basis, DOT inspectors determine actual control while taking into account elements including a shareholder's influence and professional connections. In order to completely comprehend the layers of ownership and types of investors, DOT officials claim that this determination occasionally may require a review of complicated airline documentation.
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firms and workers who specialize in a certain product become more productive with learning and practice. this is an example of how select the correct answer below: specialization leads to narrowing of skills of workers division of labor could increase output countries become less able to participate in intra-industry trade production costs rise
Specialization is the concept that is used in firms and workers who specialize in a certain product become more productive with learning and practice.
Productivity:
In economics, productivity refers a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.
Given,
Here we need to find the concept that uses the firms and workers who specialize in a certain product become more productive with learning and practice.
As per the definition of productivity, the term specialization leads to narrowing of skills of workers division of labor could increase output countries become less able to participate in intra-industry trade production costs rise.
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Answer: division of labor could increase output
Explanation:
menu costs help explain group of answer choices sticky-price theory. all of the above are correct. sticky-wage theory. misperceptions theory. next
Taxes rise as aggregate demand rises, shifting the negatively sloping AD to the right and bringing B into short-run equilibrium. Hence, option C is right.
Although aggregate supply is downward sloping to the left and aggregate production at B is above full employment, this causes long-run equilibrium to occur at A.
A reduction in income taxes boosts aggregate demand, disposable personal income (although not as much as the change in disposable personal income), and consumption.
The total amount of finished products and services that are demanded in an economy is measured by aggregate demand. The total amount of money exchanged for those goods and services at a particular price point and period is how this measurement is expressed.
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item16 time remaining 1 hour 13 minutes 42 seconds01:13:42 item 16 time remaining 1 hour 13 minutes 42 seconds01:13:42 issuing bonds to obtain long-term funds legally compels a firm to pay regular payments and repay the at the maturity date.
To calculate the semi-annual bond payment, take 2% of the $1,000 par value, or $20, and divide it by two.Therefore the bond pays $10 semi-annually. Divide $10 by $900 and you'll get a 1.1% semi-annual bond yield.
The bond valuation formula is presented here price=(Coupon×1−(1+r)−nr)+Face(1+r)n Price = ( Coupon × 1 − ( 1 + r ) − n r ) + Face value ( 1 + r ) n , where coupon is the cash flow received for each interim payment before face value.Start by adding net proceeds to costs to find gross total proceeds from the stock issue.Then divide the gross proceeds by the number of shares issued to calculate the issue price per share Image Result.You can calculate the price of this annual coupon bond as follows select the cell in which you will place the calculated result,type the formula =PV(B11,B12,(B10*B13),B10) and press the Enter key.
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Sea the World Cruises issued 400,000, $1 par value shares of the 1,000,000 shares authorized for $1,000,000. The entry to record the issuance of the stock includes (Check all that apply.) Check all that apply. credit Additional Paid-In Capital $600,000 E credit Common Stock $1,000,000 debit Cash $1,000,000 credit Cash $1,000,000 debit Common Stock $1,000,000 credit Common Stock $1 the credit Common Stock $400,000 credit Additional Paid-in Capital $999,999
The entry to record the issuance of the stock includes debit cash $1,000,000, credit common stock $4,00,000 and credit additional paid in capital $6,00,000. Therefore, the first option, third option and the seventh option are the correct answers.
A form of security known as stocks grants stockholders a portion of a company's ownership. Another name for stocks is "equities."
Over the long term, stocks have the highest potential for growth (capital appreciation) for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years—have typically been rewarded with robust, profitable returns.
However, stock values can also fluctuate downward. One could lose money if they buy in stocks because there is no assurance that the firm in whose stock you now own will prosper and develop.
Common stockholders are the last to receive a payout if a firm declares bankruptcy and liquidates its assets. Priority will be given to bondholders of the corporation before preferred stockholders.
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Match the description of each step used to apply the revenue recognition principle with its step number.: 1. Allocate the transaction price to each performance obligation 2 Determine the transaction price 3. Identify the contract with a customer 4.Identify the performance obligation(s) in the contract 5. Recognize revenue when (or as) each performance obligation is satisfied
To apply the revenue recognition principle, here are the steps:
Identify the contract with a customer.Identify the performance obligation(s) in the contract.Determine the transaction price.Allocate the transaction price to each performance obligation.Recognize revenue when (or as) each performance obligation is satisfied.What is Revenue Recognition Principle?The revenue recognition principle is one of the principles used in accounting. This revenue recognition principle is used to identify in which revenue is recognized and determines how to account for it. The revenue recognition principle uses accrual accounting. The main purpose of using this principle is to dictates that companies recognize revenue as it is earned, not when they receive payment.
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the owner of southern landscaping supply, a company that caters to professional landscapers, has just purchased roscoe garden
The owner of southern landscaping supply, a company that caters to professional landscapers, has just purchased roscoe garden. Scope of competition should be narrow.
Narrow the and focus on unique features such as the use of organic materials strategy is most likely to achieve a competitive advantage.
What does business competitive advantage mean?
Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals.
What distinguishes a competitive advantage?
It's critical to pay attention to any competitor strengths that might be a competitive advantage when you analyse each rival. A competitor likely has a competitive advantage if their strength is distinct from yours, valuable to your customers, and difficult to duplicate.
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Roscoe Garden has just been acquired by the proprietor of southern landscaping supply, a business that serves professional landscapers. Competition should have a limited scope.
The best chance of gaining a competitive edge is to focus on distinctive features like the usage of organic materials.
What does "competitive advantage" in business mean?A competitive advantage is something that offers a company an edge over its rivals, allowing it to bring in more customers and expand its market share. There are three primary categories of competitive advantages: The capacity to manufacture a good or provide a service for less money than competitors is known as a cost advantage.
What sets a competitive advantage apart?When analyzing each competition, it's important to pay attention to any competitor strengths that could be a competitive advantage. If a competitor's strength is different from yours, beneficial to your customers, and challenging to imitate, they probably have a competitive edge.
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an increase in capital inflows in the united states will result in a(n) _____ foreign currency and a(n) _____ the u.s. dollars in the foreign exchange market.
An increase in capital inflows in the united states will result in an increase in the supply of foreign currency and an increase in the demand for u.s. dollars in the foreign exchange market.
What is the market?The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The demand for both tradable and nontradable goods increases as a result of capital inflows, which also raises the relative price of market nontradables and increases the real exchange rate. This is required in order to redirect domestic resources into the production of nontradable in order to satisfy the rising demand.
Therefore, A rise in the foreign currency market's demand for US dollars.
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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead time for orders is 3 weeks. One of their board costs $15 per unit and the holding cost for this board is $0.5 per week. They manage their inventory to achieve a 99 percent in-stock probability. Weekly demand is for 250 boards with a standard deviation of 200. Use Table 11.5
a. How many boards do they have on on order on average? boards
b. How many boards do they have on hand on average? boards
c. For this board what is the total holding cost incurred per week? per week
(Round your answer to 2 decimal places.) d. What is the holding cost they incur per board? per board
If High Plains Inc. manufacturers furniture in North Dakota.
a. The number of boards they have on on order on average is 750 boards.
b. The number of boards they have on hand on average is 932 boards
c. The total holding cost incurred per week is $841.
d. The holding cost they incur per board is $3.36 per board.
How to find the On-order inventory?a. Number of boards:
On-order inventory =Average week demand × lead time
On-order inventory = 250 boards / week × 3 weeks
On-order inventory = 750 boards
b. Number of boards:
The safety factor for a 99% in-stock probability= 2.33
On-hand inventory = √(L + 1) × standard deviation × Safety factor
On-hand inventory= √(3 + 1) × 200 × 2.33
On-hand inventory = 932
c. Total holding cost per week:
Total holding cost per week = Holding cost per unit × Average number of units on hand and on-order.
Total holding cost per week = (932 + 3 × 250) × $0.5
Total holding cost per week = $841
d. Holding cost per board = Total holding cost / Average demand per week
Holding cost per board = $841 per week / 250 boards per week
Holding cost per board = $3.36 per board
Therefore the number of boards is 750 boards and 932 boards. The total holding cost incurred per week is $841 and the holding cost they incur per board is $3.36 per board.
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analyzing and interpreting income tax disclosures the income tax footnote to the 2018 financial statements for boeing follows. the components of income before tax were: years ended december 31 ($ millions) 2018 2017 2016 u.s. $11,724 $10,143 $5,655 non-u.s. 460 469 417 total $12,184 $10,612 $6,072 income tax expense/(benefit) consisted of the following:
The amount of income tax expense reported by Boeing each year is 2018 = $ 1,413, in 2017 = $ 2,009 and in 2016 = $ 938.
An income tax is a tax obligatory on people or entities in respect of the financial gain or profits attained by them. taxation typically is computed because the product of a charge per unit times the nonexempt financial gain. income tax rates could vary by kind or characteristics of the payer and also the style of financial gain.
Included within the tax footnote is info on this liabilities also as delayed tax liabilities. The delayed taxes could result from temporary variations. These embrace variations on things like accelerated depreciation taken for tax functions however not essentially for book functions.
The question is incomplete, find the complete question here
analyzing and interpreting income tax disclosures the income tax footnote to the 2018 financial statements for boeing follows. the components of income before tax were: years ended december 31 ($ millions) 2018 2017 2016 u.s. $11,724 $10,143 $5,655 non-u.s. 460 469 417 total $12,184 $10,612 $6,072 income tax expense/(benefit) consisted of the following: Years ended December 31 ($ millions) 2018 2017 2016 Current tax expense U.S. federal $1,873 $1,276 $1,193 Non-U.S. $169 $149 $133 U.S. State 15 Total current $2,139 $1,448 $1,341 Deferred tax expense U.S. federal $(996) $204 $(544) Non-U.S. $(4) $3 $(4) U.S. State (6) (44) Total deferred $(995) $201 $(592) 97 23 5 . What is the amount of income tax expense reported by Boeing each year?
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a granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. one conveyor can be purchased and installed for $95,000 with $4,500 salvage value after 16 years. the other can be purchased and installed for $95,000 with $5,500 salvage value after 16 years. operation and maintenance for each is expected to be $21,000 and $16,500 per year, respectively. the granary uses macrs-gds depreciation, has a marginal tax rate of 25%, and has a marr of 9% after taxes.
Conveyor 1st is less costly as compare to conveyor 2nd.
We know that:
After tax annual worth (AW) is = NPV/PVAF
Where
NPV= Net present value
PVAF = present value of annuity factor =[tex](1-(1+r)^-p)/r[/tex]
where
r= discount rate =9%
p = period = 16
Therefore
PVAF =[tex](1-1.09^-16)/.09[/tex] = 8.313
For NPV we have to first need to find the cashflows:
cashflows for conveyor 1st:
First cost = 70000 at time 0
Annual after tax cost = 18000 * (1-0.40) = 10800
PV = after tax cost * PVAF = 10800 * 8.313 = 89780
PV of salvage value = 3000/1.09^16 = 756
PV of depreciation tax savings is as follows for conveyor 1st:
time(t) MACRS depreciation depreciation tax PV=[tex]DTS/1.09^t[/tex]
rates shield (DTS)
70000 * rates * 40%
1 14.29% 4001.2 3670.83
2 24.49% 6857.2 5771.57
3 17.49% 4897.2 3781.54
4 12.49% 3497.2 2477.50
5 8.93% 2500.4 1625.09
6 8.92% 2497.6 1489.24
7 8.93% 2500.4 1367.80
PV of DTS 20183.57
Now, by putting values, we get:
NPV = 20183 +756 -70000- 89780 = -138840
AW = -138840/8.313 = -16703 (negetive sign means cost)
Now ,we calculate Cashflow for conveyor 2nd.
First cost = 110000
After AW = 14000 * (1-0.40) = 8400
PV = 8400 * 8.313 = 69829
PV of salvage value = 4000/1.09^16 = 1007
PV of depreciation is for conveyor 2nd
time(t) MACRS depreciation depreciation tax PV=[tex]DTS/1.09^t[/tex]
rates shield (DTS)
70000 * rates * 40%
1 14.29% 6287.6 5768.44
2 24.49% 10775.6 9069.61
3 17.49% 7695.6 5942.42
4 12.49% 5495.6 3893.22
5 8.93% 3929.2 2553.71
6 8.92% 3924.8 2340.23
7 8.93% 3929.2 2149.41
PV of DTS 31717.03
Putting values, we get:
NPV = 31717+1007- 110000- 69829 = -147105
AW = -147105/8.313 = -17697
conveyor 1st AW is -16703 and conveyor 2nd AW is -17697.
Hence, conveyor 1st is less costly as compare to conveyor 2nd.
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Correct question:
A granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. One conveyor can be purchased and installed for $70,000 with $3,000 salvage value after 16 years. The other can be purchased and installed for $110,000 with $4,000 salvage value after 16 years. Operation and maintenance for each is expected to be $18,000 and $14,000 per year, respectively. The granary uses MACRS-GDS depreciation, has a marginal tax rate of 40%, and has a MARR of 9% after taxes.
Determine which alternative is less costly, based upon comparison of after-tax annual worth.
Foundations Inc. is trying to reach a collective bargaining agreement with its employees’ labor union. The company agrees to bring in an independent third party to negotiate and agrees that this negotiator’s decision will be binding. Foundations, Inc. has agreed to __________________.
A. Mediation
B. Incorporation
C. Finalization
D. Arbitration
E. Decisive Decision Making
Foundations, Inc. has agreed to arbitration if it agrees that this negotiator’s decision will be binding.
What is arbitration?ADR methods like arbitration are used to settle conflicts outside of the legal system. Unless all parties agree that the arbitration procedure and outcome are non-binding, an arbitration decision or award is enforceable in court and legally binding on both parties. Especially in the context of cross-border business operations, arbitration is frequently employed to settle commercial disputes. In some nations, including the United States, arbitration is often used in consumer and employment disputes. In these situations, arbitration may be required by the terms of employment or business contracts and may include a waiver of the right to file a class action lawsuit. Mandatory consumer and employee arbitration should be separated from consensual arbitration, particularly commercial arbitration.
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Assumptions: These two graphs show two sectors of the labor market for a particular kind of labor. Relevant product markets are competitive. The two labor demand curves are identical and initially the quantities of labor employed in the two sectors are L1 and L'1 and the wage rate in each sector is Wn. Refer to the diagrams and assumptions. The change in employment in sector 1 to which a Wn to Wu union wage increase gives rise will cause output in that sector to: Group of answer choices increase by A + B. decrease by B + C + D. decrease by A + B. decrease by C + D.
In response to the enquiry, this same solution is L1 L2 reduction throughout sector 1.
Explain what a market is.
A market is described as the aggregate of all sellers and buyers inside the region or area under consideration. The area could be the entire planet, or it could be countries, regions, countries, or cities. The value, cost, and cost of items traded in a market are determined by the supply and demand forces. When a product is on the industry, it is available to buy. If it ever hits the market.
What are the various market types?
Market types include:
Monopoly: A monopolistic is a market creation that possesses the characteristics of a pure industry.Oligopoly.The ideal rivalry.Monopolistic rivalry.Monopsony.Oligopsony.Monopoly by nature:To know more about Market visit:
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on November 1, 2017, Stalemate, Inc., borrowed $10,000 by issuing a 6% installment note fully repaid in 4 annual installments of $2,886 due October 31 each year. the interest owed has been recorded through October 31, 2018. the entry to record the first installment payment includes a _____ on October 31, 2018.
- credit to NP of $2,886
- credit to Cash of $2,886
- debit to IP of $600
- debit to NP of $2,286
- debit to IE for $600
- credit to IP of $150
Statements given in the following question:
On November 1, 2017, Stalemate, Inc., borrowed $10,000 by issuing a 6% installment note fully repaid in 4 annual installments of $2,886 due October 31 each year.
The interest owed has been recorded through October 31, 2018.
The entry to record the first installment payment includes the following on October 31, 2018:
credit to cash of $2,886debit to IP of $600debit to NP of $2,286Liability typically denotes being accountable for something, but it can also imply owing someone money or services. A homeowner's tax obligation, for instance, maybe the amount of property taxes due to the city or the amount of income taxes due to the federal government.
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general hospital is performing peer reviews of its medical providers for quality outcomes of care. the hospital has over 500 providers on its medical staff. the process to review even 10 cases for each provider is quite extensive. the quality department has concluded that, to accomplish this review process, it will review 20 percent of each provider's inpatient admissions to the hospital on an every-other-year rotation. in this situation, the quality department has applied which of the following techniques to its review process?
The technique of sampling can be used to review the process on hand.
What is sampling?
It is uncommonly possible to gather data from every member of a group of individuals when conducting research on them. In its place, you pick a sample. The population that will actually take part in the study is the sample. You must carefully consider how you will choose a sample that is representative of the group as a whole if you want to make accurate conclusions from your data. Two categories of sampling techniques exist: Random selection is a key component of probability sampling, which enables you to draw robust statistical conclusions about the entire group. The likelihood of selection bias is reduced. Non-probability sampling entails non-random selection based on practicality or other factors, making it simple to gather data.
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if the us saves $1000 billion and the us net capital outflow is -$200 billion, us domestic investment is
If the US saves $1000 billion and the US net capital outflow is -$200 billion, us domestic investment is $1,200 billion.
Gross private domestic investment (GPDI) is a metric used to describe how much money corporations spend domestically. In other words, it serves as a gauge for the amount that businesses and landlords spend on items like inventory, new construction, machinery, and other equipment.
Gross private domestic investment is significant because it provides a reliable indication of how optimistic enterprises feel about their own future commercial prospects. Businesses are more inclined to make investments that will advance their growth when they have confidence. This could then result in an increase in jobs and salaries for workers. The Gross private domestic investment is a reliable predictor of upcoming economic expansion. That's because companies typically make investments in things like new facilities and equipment in anticipation of future expansion.
the us saves = $1000 billion
US net capital outflow = -$200 billion
domestic investment = $1000 - ( -$200) = $1200
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which of the following is often used to value complex commercial properties like office complexes, shopping centers, or other investments that may take years to stabilize?
Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising multiple-unit properties.
Refinancing is the replacement of an existing debt duty with every other debt duty underneath an extraordinary time period and hobby fee. The phrases and conditions of refinancing can also vary widely by way of us of a, province, or nation, based totally on several financial factors inclusive of inherent danger, projected threat, political balance of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a kingdom. in lots of industrialized international locations, not unusual sorts of refinancing encompass number one residence mortgages and automobile loans.
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changes in an entity's accounting choices either affect consistency in the application of gaap or they do not. for each item listed below, state whether the item affects consistency and identify the effect the change will have on the audit report.change in accounting estimate.a change from the inappropriate use or application of accounting principle in prior years to an acceptable accounting principle in the current year.a change from an incorrect to a correct classification of transactions or balances on the financial statements.reclassification from an acceptable classification to another.change in accounting principle.an adjustment to account balances to correct a material error in previously issued financial statements.
A change from the inappropriate use or application of accounting principle in prior years to an acceptable accounting principle in the current year.
What does accounting mean in general terms?Accounting, which is frequently referred to as simply "accounting," is the process of gathering, analyzing, and disseminating financial and other data on companies and businesses.
What are the several types of accounting?It is the process of methodically documenting all of a business's financial transactions. It entails analyzing, compiling, and informing the tax authorities, agencies, and regulators of the financial transactions. A business's accounting is handled by an accountant.
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three years ago, mr. lewis paid $40,000 for a newly issued corporate bond with a $50,000 stated redemption value. this year, he sold the bond for $43,900. through the date of sale, mr. lewis recognized $940 of the original issue discount (oid) as accrued interest income. compute his gain or loss on sale. multiple choice $3,900 long-term capital gain $2,960 long-term capital gain $2,960 ordinary income $3,900 ordinary income
Correct answer is option a. $2,960 long-term capital gain
Bonds were purchased 3 years ago. If investment is hold for more than 12 month, there wil be long-term capital gain or loss on sale of investment
Sale Proceeds from bond investment $43,900
Less: Carrying amount of bonds investment ($40,000 + $940)
Long-term capital gain ($43,900 - $40,940) =$2,960
Thus Correct answer $2,960 long-term capital gain, Option(a)
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Full Question :Three years ago, Mr. Lewis paid $40,000 for a newly issued corporate bond with a $50,000 stated redemption value. This year, he sold the bond for $43,900. Through date of sale, Mr. Lewis recognized $940 of the original issue discount (OID) as accrued interest income. Compute his gain or loss on sale.
a. $2,960 long-term capital gain
b. $2,960 ordinary income
c. $3,900 long-term capital gain
d. $3,900 ordinary income
THIS IS A TAX CLASS
During the sales order entry process, a ________ is performed to compare the quantity ordered with the standard amounts normally ordered. A) completeness test B) redundant data check C) field check D) reasonableness test
A completeness test is carried out during the sales order entry process to compare the quantity ordered with the typical order amounts.
What are the steps in the processing of sales orders?A request for a quote from a vendor is sent by the buyer.
The seller replies with a quote after receiving the request.
The client sends a purchase order after deciding that the quote is reasonable.
After receiving the purchase order (PO), the vendor uses its specifics to create a sales order.
The definition of sales entry orderThe procedures required to enter a customer's order into the seller's handling system are referred to as "sales order entry." When a sales order is entered into a company's sales order management system, this is known as a sales order entry. In other terms, it refers to the procedure for submitting an order to a database.
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the idea of concurrently designing it and business processes is out of the question. instead, it should be aligned with existing business processes. t/f
It is not feasible to simultaneously create it and business procedures. It should instead be in line with current business processes. The assertion is untrue.
What makes concurrent design crucial?By overlapping and integrating tasks, concurrent engineering significantly reduces waiting times. According to one estimate, this method can cut the overall design work by up to 30%. By guaranteeing that modification requests are kept to a minimal, concurrent engineering also expedites the design process.
What is the purpose of concurrent?a means to gauge how many software licenses are being used. One of the following options is available for licensing software: site (only a specific number of users may access the software), individual (it cannot be shared with other users), and concurrent use (consumption is constrained).
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management by measurement is a control principle that states that managers should be informed of a situation only if data show a significant deviation from standards. group starts
Management by measurement is a control principle that states that managers should be informed of a situation only if data show a significant deviation from standards. - False
Monitoring operations and performance information to spot departures from established norms or expectations is a key component of the control principle known as "management by exception." Managers should only be made aware of a situation if there is a major departure from the norms, as this departure might necessitate remedial action. Instead of continuously monitoring all operations, this strategy enables managers to concentrate on more crucial responsibilities and only take action when necessary.
In practice, it involves setting predetermined standards for business aspects like production levels, sales targets, or customer satisfaction. The manager will then receive reports or alerts when there are deviations from these standards, which will indicate that there may be a problem that needs to be addressed. The manager can then review the situation, take appropriate action to address the deviation, and bring the performance back in line with the standards.
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When a party in a contract fails to perform (e.g. breach of contract, nonperformance, or default) the other party has a variety of remedies. All of the following are remedies that an aggrieved seller may pursue EXCEPT:
A. Sue for damages.
B. Retain the earnest money deposit as liquidated damages.
C. Agree to rescission of the contract.
D. Sue for specific performance.Sue for specific performance.
Option D is correct. When a party in a contract fails to perform (e.g. breach of contract, nonperformance, or default) the other party has a variety of remedies. All of the following are remedies that an aggrieved seller may pursue except Sue for specific performance
A judicial appeal to compel the non-compliant seller to uphold the contract is one such remedy. Most people refer to this treatment as suing for specific performance.
A court request for specific performance requires the party that disregarded the consent to do it in full. At the point when no elective cure completely repays the contrary party, the courts might arrange a specific help.
A legally binding cure where the court requires a party to as almost as conceivable complete its responsibility in light of the fact that financial harms are here and there lacking to compensate for the injury. requested most often in circumstances including uncommon belongings and land
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Litton Industries uses a perpetual inventory system. The company began its fiscal year with inventory of $282,000. Purchases of merchandise on account during the year totaled $920,000. Merchandise costing $917,000 was sold on account for $1,570,000. Prepare the journal entries to record these transactions.
The journal entries are shown below:
1. Inventory Dr $845,000
To Account payable $845,000
(Being inventory purchase on the account)
2. Account receivable Dr $1,420,000
To Sales revenue $1,420,000
(Being sale on the account is recorded)
3. Cost of goods sold Dr $902,000
To Inventory $902,000
(Being cost of sales is recorded)
These journal entries are to be recorded
A journal entry is used to report a business transaction within the accounting data of a commercial enterprise. A magazine entry is usually recorded in the popular ledger; as a substitute, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the overall ledger.
Journal entries are how you report financial transactions. To make a journal entry, you input information of a transaction into your organisation's books. in the 2d step of the accounting cycle, your magazine entries get positioned into the general ledger.
A complete journal entry is manufactured from 6 elements: a reference number, date, account phase, debits, credit, and a journal rationalization. you can record those journal entries into either a standard magazine or a unique journal. There are three foremost forms of magazine entries: compound, adjusting, and reversing.
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which of the following would be considered a potential sign of deteriorating earnings quality that should be investigated?
Any large, sudden changes in deferred tax balances would be considered a potential sign of deteriorating earnings quality that should be investigated.
Dismissing any abnormalities, accounting gimmicks, or one-time events that could alter the actual bottom line data on performance reveals a company's quality of earnings. When these are taken out, the profits that result from increased sales or decreased expenses are clearly visible.
An assessment of the quality of earnings might be impacted by even external circumstances to the organization. For instance, many or most corporations regard the quality of their earnings to be subpar during times of significant inflation. Their sales numbers are also exaggerated.
In general, conservatively calculated earnings are regarded as being more reliable than those determined by aggressive accounting practices. Accounting procedures that cover up low sales or increased business risk can degrade the quality of earnings.
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Shock Electronics sells portable heaters for $33 per unit and the variable cost to produce them is $21. Ms Amps estimate that the fixed costs are $96,000
Big Tech Corporation recorded pretax restructuring charges of $981.8 million during the year. The charges consisted of asset write-downs of $647 million, costs associated with exit or disposal activities of $94 million, and employee severance costs of $240.8 million. The company paid $103 million cash to settle these restructuring charges during the year. At year end, the restructuring accrual associated with these charges was: A
At year-end, the charges were $231.8 million
Restructuring charges = $981.8 million
Asset write-down charges = $647 million,
Disposal activities = $94 million,
Employee severance cost = $240.8 million
Amount paid to settle = $103 million
Restructuring is a sort of corporate activity that modifies a company's operations, structure, or debt in a significant way to reduce financial harm and enhance its business. A corporation must pay restructuring fees to increase overall effectiveness and long-term earnings when it restructures its operations. The firm needs to put in the short-term work to make the company profitable in the long run.
Calculating the amount of money at the end of the year:
= Employee severance costs + Disposal activities - Cash paid during the year
= 240.8 + 94 - 103
= 334.8 - 103
= 231.8
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TRUE/FALSE. individual work identity is particularly problematic for working class employees as it is harder to achieve the american dream.
Individual work identity is particularly problematic for working class employees as it is harder to achieve the American dream is true.
How does the American dream affect society?The American Dream has long served as a symbol of wealth for both Americans and people everywhere. Millions of immigrants have come to America in search of equal opportunity and a better life attracted by "the charm of projected success." Based on the American ideals of democracy, rights, liberty, opportunity, and equality, the five components of the American Dream are: Regardless of one's starting socioeconomic level, the modern American goal is to feel a part of a community and achieve financial success.
There need to be limitless chances for everyone and a sense of inclusion. While the American dream is constantly changing, this dream does not change over time. Individual work identity is particularly problematic for working-class employees as it is harder to achieve the American dream is true.
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a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department. this is an example of inside selling. t/f
The correct answer is TRUE a customer shopping at sports authority for new running gear is assisted by a salesperson in the shoe department.
In order to create effective sales techniques, it is crucial to understand the many groups that a salesperson represents. The multifaceted nature of representation may assist sales managers put the right demands on their salespeople. Sales managers can also appreciate that salespeople have various responsibilities. prospective sale commission The most efficient technique of advertising when a company's clients are geographically concentrated is personal selling. The sales representative is in charge of soliciting orders from current or future sales outlets while selling items and attending to client demands. When a consumer makes a purchase, they make sure they are pleased and well taken care of. They can create new accounts in this manner for their employer.
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Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2017, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2017, he and the purchaser signed a contract to sell for $363,000. The sale (i.e., closing) took place on September 7, 2017. The closing statement showed the following disbursements: Real estate agent's commission Appraisal fee Exterminator's certificate Recording fees Mortgage to First Bank Cash to seller $21,780 600 300 800 305,000 34,520 Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2017, Wesley purchases another residence for $325,000. If an amount is zero, enter "O" a. Wesley's recognized gain on the sale is b. Wesley's adjusted basis for the new residence is c.Assume instead that the selling price is $800,000. Wesley's recognized gain is ,and his adjusted basis for the new residence is
As Wesley is single, his maximum 121 exclusion is $250,000. Wesley’s basis for his new residence listed with a real estate agent is its cost of $325,000.
A real estate agent or broker could be one that represents sellers or patrons of real estate or real property. whereas a broker may fit independently, an associate degree agent sometimes works beneath an authorized broker to represent clients.
Brokers and agents are licensed by the state to barter sales agreements and manage the documentation needed for closing land transactions. patrons and sellers are typically suggested to consult a licensed real estate skilled for a written definition of private state laws of the agency. many countries need written disclosures to be signed by all parties outlining the duties and obligations. A real estate broker typically receives a true estate commission for success in finishing a sale.
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suppose that at one of the talbot's shops, marginal cost of a coat is constant at $150, and total fixed cost is $3,000 a day. the shop maximizes its profit by selling 15 coats a day at $500 per coat. then the shops nearby increase their advertising. the talbot shop responds by spending $1,500 a day more on advertising its coats. as a result, its profit-maximizing number of coats sold increases to 25 a day at $400 per coat. in the scenario above, as a result of increased advertising, talbot's average total cost
The Talbot shop's average total cost increased as a result of increased advertising because the shop had to spend more money in order to increase its sales.
The shop was able to increase its profit-maximizing number of coats sold from 15 to 25 a day, but it had to reduce the price per coat from $500 to $400 in order to do so. This means that the shop incurred an additional cost of $1,500 a day for advertising in order to increase its sales and profits. This additional cost was not offset by the increased sales, resulting in an increased average total cost for the shop.
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