Job a3b was ordered by a customer on September 25. during the month of September, Jaycee corporation used $1,800 of direct materials and used $3,300 of direct labor.
What is the work-in-process account?Generally, To calculate the balance in the work-in-process account at the end of September, we need to calculate the total direct materials cost, total direct labor cost, and total overhead cost for the job for the month of September.
The total direct materials cost for September is $1,800. The total direct labor cost for September is $3,300. The total overhead cost for September is 200% * $3,300 = $6,600.
The total cost of the job for September is the sum of the direct materials cost, direct labor cost, and overhead cost, which is $1,800 + $3,300 + $6,600 = $11,700.
The balance in the work-in-process account at the end of September is $11,700. This represents the cost of the job that has been incurred but not yet completed at the end of September.
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What happens if Shipt is late?
Orders delivered late by Shipt customers will have a lower on-time % is Shipt is late.
Shipt offers same-day delivery during a certain window, such as from 3pm to 4pm. A Shipt delivery delivered in this situation after 4pm would be regarded as being tardy.
Orders can be delayed by traffic, texting clients to ask whether they'd like a substitute for an out-of-stock item, and hold-ups at checkout. Customers should be informed if a Shipt shopper is going to be more than a few minutes late.
Early orders have a lower chance of being late. Members of Shipt can request delivery up to an hour after placing their order, although the order may arrive later due to the lesser notice.
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Which country is an example of a closed economy today?
In terms of proportion, Brazil is a country that can be regarded as an example of a closed economy today.
A closed economy can be referred to as an economy wherein there is no offering of entry and exit to the buyers and sellers in the economy. The control of administrative activities is mostly in the hands of the federal government, or such relevant bodies. Restrictive foreign trade policies and least amount of dependence on imports and exports is experienced in closed economies such as Brazil in present world situations.
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eccles incorporated, a zero growth firm, has an expected ebit of $100,000 and a corporate tax rate of 25%. eccles uses $500,000 of 12.0% debt, and the cost of equity to an unlevered firm in the same risk class is 16.0%. refer to the data for eccles incorporated. what is the value of the firm according to mm with corporate taxes? a. $653,125 b. $593,750 c. $534,375 d. $718,438 e. $480,938
Option B seems to be the correct solution, in accordance with the discussion. $593,750
What exactly is taxation?
Almost in every country around the world, governments levy mandatory taxes on individuals or organizations. Taxation is primarily used to generate revenue for govt spending, but it can also be used for other purposes.
Why do we have to pay taxes?
HMRC collects income tax on the government's behalf. It is used to help fund government services. The NHS, education, and welfare systems, for example, as well as investments in public projects such as roads, rail, and housing. Taxation is important because manage and support this money and employ it to fund social projects. Government initiative to the medical sector would've been impossible without taxes.
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What is theory of cost and profit in economics?
Profit equals Total Revenue minus Total Cost. Total revenue is the money the company makes from selling its goods. It is computed by dividing the cost of the good by the volume of output sold: Price times Quantity = Total Revenue.
What in economics is the theory of costs?According to the principle of cost definition, a company's expenses and supply are largely determined by its costs. The current theory of cost in economics examines the ideas of cost, short- and long-run total and average cost, and long-run cost in addition to economy scales.
Why is it important to comprehend the concept of cost and profit?The three key elements that determine your business's performance are cost, revenue, and profit. Even though a company makes a lot of money,
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What are 4 values and 12 principles of Agile?
The Agile Manifesto is made out of four foundational values and 12 supporting principles which lead the Agile approach to software development.
The Four Values of The Agile Manifesto
1. Individuals and Interactions Over Processes and Tools
The principal value in the Agile Manifesto is "Individuals and interactions over processes and tools." Valuing individuals more exceptionally than processes or tools is easy to understand because individuals answer business needs and drive the development cycle. Assuming the interaction or the tools drive development, the team is less receptive to change and more averse to address customer issues.
2. Working Software Over Comprehensive Documentation
Historically, colossal amounts of time were spent on recording the item for development and ultimate conveyance. Technical specifications, technical prerequisites, technical outline, interface configuration archives, test plans, documentation plans, and approvals expected for each. The rundown was broad and was a cause for the long delays in development. Agile doesn't eliminate documentation, yet it streamlines it in a structure that gives the engineer what is expected to accomplish the work without getting impeded in minutiae. Agile records prerequisites as client stories, which are adequate for a software designer to start the task of building another capability.
3. Customer Collaboration Over Contract Negotiation
Negotiation is the period when the customer and the item manager iron out the details of a conveyance, with focuses along the way where the details may be renegotiated. Collaboration is an alternate creature completely. With development models, for example, Waterfall, customers negotiate the prerequisites for the item, often exhaustively, before any work starting. This meant the customer was engaged with the course of development before development began and after it was finished, yet not during the interaction.
4. Responding to Change Over Following a Plan
Traditional software development regarded change as a cost, so it was to be avoided. The aim was to foster detailed, elaborate plans, with a characterized set of features and with everything, generally, having as high vital as all the other things, and with countless many conditions on conveying in a certain request so the team can chip away at the following piece of the riddle.
The twelve principles of agile development include:
Customer satisfaction through early and constant software conveyance - Customers are happier when they get working software at regular intervals, rather than waiting expanded timeframes between releases.
Accommodate changing necessities all through the development cycle - The ability to avoid delays when a prerequisite or feature demand changes.
Continuous conveyance of working software - Scrum accommodates this standard since the team operates in software runs or iterations that guarantee regular conveyance of working software.
Collaboration between the business stakeholders and engineers all through the undertaking - Better choices are made when the business and technical team are aligned.
Backing, trust, and motivate individuals included - Motivated teams are bound to convey their best work than unhappy teams.
Enable face-to-face interactions - Communication is more fruitful when development teams are co-located.
Working software is the primary measure of progress - Conveying functional software to the customer is the ultimate factor that measures progress.
Agile processes to help a steady development pace - Teams establish a repeatable and maintainable speed at which they can convey working software, and they repeat it with each release.
Attention to technical detail and configuration enhances agility - The right abilities and great plan guarantees the team can maintain the pace, constantly work on the item, and sustain change.
Straightforwardness - Foster barely to the point of taking care of business properly now.
Self-organizing teams encourage great architectures, necessities, and plans - Talented and motivated team individuals who have dynamic power, take possession, communicate regularly with other team individuals, and share ideas that convey quality items.
Regular reflections on the most proficient method to turn out to be more compelling - Personal growth, process improvement, advancing abilities, and procedures assist with teaming individuals work all the more effectively.
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Direct consumer payments for healthcare have risen sharply as a share of total spending during the last five years.
O fell from 47 percent of total spending in 1960 to 11.4 percent in 2011.
O fell from 47 percent of total spending in 1980 to 34 percent in 2011.
O rose from 25 percent of total spending in 1960 to 46 percent in 2011.
Direct consumer payments for health care fell from 47 percent of total spending in 1980 to 34 percent in 2011. Thus, option B is the correct option.
Between 1980 and 2011, there was a significant decline in direct consumer payments for health care as a percentage of total spending. This shift can be attributed to various factors, such as the expansion of health insurance coverage and the implementation of government programs.
With increased insurance coverage and public initiatives, more healthcare expenses were being covered by third-party payers, like insurance companies and government subsidies. Consequently, the burden of out-of-pocket payments decreased for individuals, resulting in the decrease of direct consumer payments from 47 percent to 34 percent, indicating a change in the healthcare financing landscape.
Thus, option B is the correct option.
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What are the 10 things that an employer must do to keep an employee safe?
To the best of their abilities, your employer has a "duty of care" to safeguard your welfare, health, and safety while you are at work.
The first step in identifying any possible threats to one's health and safety should be a risk assessment.
1. Make wise use of equipment, tools, and other resources.
2. Please report any unsafe situations.
3. Wear all necessary safety gear.
4. Reduce the amount of clutter in your desk.
5. Continue to drink.
6. When lifting or sitting, have a good posture.
7. pause often.
8. Pay close attention to your surroundings.
9. Donot neglect rules
10. Be aware of Standard operating procedures.
A company that builds a secure workplace is protecting themselves, their employees, and their customers. Adhering to rules and procedures is essential to staying in conformity with local and federal occupational safety authorities. A safe workplace is a happy workplace because it provides a more welcome and favourable environment for employees to adequately carry out their jobs.
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Human Resources Management: Hiring at Data used in structured interviews. Tim Now that we have the questions in place, let's talk about some tests that could help us learn more about the candidates. I think we should have everyone take a Myers-Briggs Type assessment. What do you think about using Myers- Briggs Type Indicator? I Tim Observe new image on the right I think it's a bad idea because it's not necessarily a valid test. I think it's a good idea because Myers-Briggs is widely used. I think it's a good idea because Myers-Briggs will help us distinguish between people. I think it's a bad idea because it's not necessarily a reliable test. Submit
Using Myers-Briggs Type Indicator it's a bad idea because it's not necessarily a valid test. The correct option is a.
What is a Myers-Briggs Type Indicator?The Myers–Briggs Type Indicator (MBTI) is an introspective self-report questionnaire indicating differing psychological preferences in how people perceive the world and make decisions. Despite its popularity, it has been widely regarded as pseudoscience by the scientific community. The test attempts to assign a value to each of four categories: introversion or extraversion, sensing or intuition, thinking or feeling, and judging or perceiving.
One letter from each category is taken to produce a four-letter test result, such as INTP or ESFJ.
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assuming the country is open to international capital flows, which of the following combinations of monetary and exchange rate policies are viable? explain your reasoning. a. a domestic interest rate as a policy instrument and a floating exchange rate. b. a domestic interest rate as a policy instrument and a fixed exchange rate. c. the monetary base as a policy instrument and a floating exchange rate.
A domestic interest rate as a policy instrument and a fixed exchange rate and the monetary base as a policy instrument and a floating exchange rate. (Option B and C)
What happens to capital flows from abroad if domestic interest rates increase?Financial capital moves to the nation with the relatively higher real interest rate and away from the nation with the relatively lower real interest rate when there exist variations in real interest rates between two nations that permit such a movement.
How are exchange rates impacted by capital flows?The demand for both tradable and non tradable goods increases as a result of capital inflows, which also raises the relative price of non tradables and increases the real exchange rate. This is required in order to redirect domestic resources into the production of non tradeables in order to satisfy the rising demand.
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What are the 3 types of IRB?
There are three sorts of IRB reviews: full, accelerated, and exempt. A review that is exempt from IRB oversight is not necessary.
What three categories of IRB review exist?Prior to any data collection, IRB must assess all projects that fall under the definition for research and to include human subjects to decide the level of review that should be applied and, if necessary, to approve the projects. Exempt, Expedited, & Full are the three main categories of review.
What kind of IRB doesn't need approval?The term "exempt" refers to a subset of human subjects research that does not require thorough IRB evaluation and approval since the only research activities involving the subjects falls under one or more of the Common Rule's specific exemption categories.
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Rent expense appears on which of the following statements? Multiple Choice Balance sheet. Income statement. Statement of retained earnings. Statement of periodic expenses. Statement of cash flows only.
The income statement, statement of retained profits, balance sheet, and statement of cash flows are the four fundamental financial statements.
There are four (4) fundamental financial statements in financial accounting, including the following:
income statement
Retained profits statement
sheet of balances
Cash flow statement
An income statement is a particular kind of financial statement that is frequently used by business owners or other organizations to track the amount of money coming into or going out of the company (revenues).
A statement of cash flows, often known as a cash flow statement, is a form of financial statement that shows how changes in revenue and various balance sheet accounts effect cash and other assets.
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What are the 5 consumer decision process?
identify, link, find, counsel, and conclude. the five steps in the decision-making process used by consumers
Which five rules apply to decisions?Consumers make decisions based on five criteria: conjunctive, disjunctive, aspect-based elimination, lexicographic, and compensatory. When making a decision, consumers usually combine many rules.
Why does the consumer decision-making process matter?Understanding consumer decision-making process helps you foresee the demands of the consumer, which in turn enables you to develop marketing or sales tactics based on those needs.
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T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase?
O Interest-Sensitive Whole Life
O Ten-Year Endowment
O Variable Universal Life
O Ten-Year Renewable Term
Answer: Ten-Year Endowment
Explanation: got it right on my test
The policy that T would purchase for $10,000 for replacing the roof of T's house is the ten-year endowment.
An endowment policy is a type of life insurance contract that pays out a lump amount at the end of a specified term or upon death. Up to a particular age restriction, typical maturities are ten, fifteen, or twenty years. Some insurance additionally provide coverage in the event of a catastrophic illness.
Policies are either standard with-profits or unit-linked, including those with unitized with-profits funds. The holder then receives the surrender value, which is decided by the insurance company based on the length of the policy and the amount put into it.
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What are the 3 approaches to research?
This approach involves collecting numerical data and analyzing it using statistical methods.
What is research?Research is the process of gathering, analyzing, and interpreting information to answer questions, solve problems, and inform decisions. It is an organized and systematic way to investigate a specific problem, question, or issue. Research involves collecting and analyzing data from various sources, such as interviews, surveys, field observations, books, journals, and other published material. The goal of research is to discover patterns and draw conclusions that can be used to inform decision-making and solve problems. Research can be both qualitative and quantitative, and can be used to evaluate ideas, develop strategies, and inform policy. Research often takes a lot of time and effort, but it is essential in order to make informed decisions and create successful solutions.
1. Qualitative Research: This approach focuses on collecting, analyzing, and interpreting data in order to gain an understanding of a particular phenomenon. It uses methods such as interviews, focus groups, and ethnographic studies to generate data.
2. Quantitative Research: This approach involves collecting numerical data and using statistical methods to analyze it in order to draw conclusions. It typically involves surveys, experiments, and data analysis.
3. Mixed-Methods Research: This approach combines both qualitative and quantitative methods in order to gain a fuller understanding of a given phenomenon. It is often used to triangulate data or to explore relationships between different variables.
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Dicu the ignificance of relationhip marketing. Elaborate the method with organization can adopt to enhance relationhip with cutomer?
Long-term client retention is facilitated by relationship marketing, which leads to consumer loyalty as opposed to one-time or infrequent buyers.
What does marketing mean exactly?Marketing refers to a set of actions, institutions, and practices that are used to create, communicate, provide, and trade offerings that are beneficial to customers, clients, partners, and society at large.
What function does marketing serve?Marketing for your business has the advantage of informing customers about your products and services, engaging them, and influencing their purchasing decisions. A marketing strategy, which need to be included in your business plan, can help with relevancy, reputation management, and competitiveness as well as with the generation and maintenance of demand.
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Strategic planning for organizations is typically O A group process. O The sole province of the chief executive officer (CEO). O The work of the strategic planning department. O Something that requires consultants to be successful.
Strategic planning for organizations is typically A. A group process.
What is strategic planning ?Strategic planning for organizations is typically a group process. It involves the development of a long-term plan for the organization, based on its goals and objectives, and involves input and participation from key stakeholders within the organization, such as the board of directors, senior management, employees, customers, and other stakeholders.
Strategic planning is not typically the sole province of the CEO or the work of the strategic planning department, although these groups may be involved in the process. Consultants may also be involved in strategic planning, but they are not typically necessary for the process to be successful.
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when conducting an evaluation, it is not good practice to provide on-site feedback as you uncover information that could benefit the agencies’ work during the study. t or f
False, giving on-the-spot input when you learn details that could help the agency' work while performing an evaluation is a good practise.
It is not sufficient to conduct an evaluation only once the intervention is finished. As a task area, evaluation supports the development of the intervention itself (formative evaluation), its delivery and implementation (process evaluation), and its assessment of the intervention's overall impact (outcome evaluation). Therefore, evaluation must be done before, during, and after implementation at various stages of the whole social marketing process.
A variety of diverse actors, such as external contractors, internal employees, those responsible for providing services, peers, the community, and a united group, can carry out evaluations.
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Effective marketing benefits an organization by:
O revealing effective management techniques
O streamlining the production process
O driving product or service improvements
Effective marketing benefits an organization by driving product or service improvements. The correct option is C.
What makes effective marketing?Customers' preferences and interests should be taken into account in marketing strategy. Everywhere possible, businesses should try to implement a data-capture strategy. Companies can create and grow trustworthy relationships with customers and clients by collecting data from them. This will help the company's products and services.
The benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also help with demand creation and maintenance as well as relevance, reputation management, and competition.
Thus, the ideal selection is option C.
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What is the first thing an entrepreneur do first when starting a new business?
First step to start entrepreneurship: Think of an idea; it could be a new product or service or a way to improve an existing one. Thinking about how your ideas can make people's lives easier is critical to your success.
What are basic needs of a startup business?Requirements for starting a business include: Ownership or business structure; Business registration certificate. Legal Licenses or Seller Permits (and Other Legal Documents) Funding Sources.
What are the main steps to start a business?Start with a good business idea. If you're wondering how to start a business, it may be easier than you think. Research your business idea. Write a business plan. Make your new business official. Know your finances. Protect your business. Build a business
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Which of these is NOT an example of a local resource you can consult for help when starting your business?
Business Professionals of America (BPA)
Small Business Administration (SBA)
Chamber of Commerce
Service Corps of Retired Executives (SCORE)
Answer:
Business Professionals of America (BPA) is not an example of a local resource you can consult for help when starting your business. BPA is a student organization that helps high school and middle school students develop leadership skills, attend conferences and compete in business-related events. The other three options - Small Business Administration (SBA), Chamber of Commerce, and Service Corps of Retired Executives (SCORE) - are all examples of local resources that can provide assistance to people starting their own businesses.
Explanation:
Performance feedback is most effective when managers communicate tactfully and honestly with employees being appraised. stress negative performance without communicating any employee strengths. stress positive performance and downplay negative performance. deliver the feedback without providing an opportunity for employee input. Distributive justice is fairness in the treatment of all employees when decisions are implemented. fairness of the decision itself. fairness in the decision-making process. providing a justification for decisions and actions. An element of good customer service is being at work on time consistently. active in the community. responsive to your customers and their needs. a good team player. The service industry comprises about ____ of American workers. 28%40% 75% 86%
1. When managers communicate tactfully and honestly with employees being evaluated, performance feedback is most effective.
An effective performance feedback process promotes consistency in a performance review, motivates all employees to perform to their full potential, and is conducted in a fair and transparent manner. This is a continuous process that aligns employees' and managers' efforts with individual, departmental, and strategic goals.
2. Distributive justice is Fairness in the treatment of all employees when decisions are executed
When employees believe that the outcomes are equitable, they experience distributive justice. These outcomes can be either monetary or intangible, such as positive feedback. When employees believe they are being paid or treated fairly, distributive justice occurs.
3. Being responsive to your customers and their needs is an important aspect of providing good customer service.
Customer happiness is enhanced by timely, helpful communication, and superstar customer support teams go above and beyond to ensure customers know they are a priority. In addition to responding to questions and issues immediately, as in the preceding example, they provide well-informed responses that address issues.
4. Approximately 86% of American workers are employed in the service industry.
A service industry provides intangible goods or services to people and completes tasks that benefit customers, clients, businesses, or the general public.
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which system supports sales forecasting? a. personnel information systems b. marketing information systems c. financial information systems d. logistics information systems
The Marketing Information systems support sales forecasting. Therefore option b is the right option.
An estimate of future sales is called a sales forecast, and it is based on previous sales and present trends. Businesses use sales projections to decide how to deploy resources and where to concentrate their marketing efforts. You can choose more wisely about production, staffing, and investment with the aid of a sales forecasting system.
An estimate of future sales is called a sales forecast, and it is based on previous sales and present trends. Businesses use sales projections to decide how to deploy resources and where to concentrate their marketing efforts. You can choose more wisely about production, staffing, and investment with the aid of a sales forecasting system.
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What is the reason for rejection?
The most common reason for rejection is that the given person is not suitable for the given position. This may mean that the person in question lacks the necessary qualifications, experience or skills. It can also mean that the person doesn't have the right attitude or personality for the job.
For example, if a position calls for someone who is highly organized, but the applicant has a record of being disorganized, the hiring manager may decide that the applicant is not a good fit for the job.
In addition, the applicant may not be a good fit for the company culture. Even if an applicant has the skills and experience, if their values and attitude are not aligned with the company's values, they may be rejected. Finally, the employer may already have someone for the position or may have a better candidate in the pool of applicants.
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clampett, incorporated, has been an s corporation since its inception. on july 15, 2022, clampett, incorporated, distributed $51,000 to j.d. his basis in his clampett, incorporated, stock on january 1, 2022, was $46,500. for 2022, j.d. was allocated $11,500 of ordinary income from clampett, incorporated, and no separately stated items. what is j.d.'s basis in his clampett, incorporated, stock after all transactions in 2022?
In the Clampett, incorporated corporation, on the J.D.'s basis in his Clampett, incorporated, stock after all transactions in 2022 is $ 7,000.
What do you mean by the Stock?A stock is a colloquial phrase for any company's ownership certificates. On the other hand, a share alludes to a certain company's stock certificate.
You become a shareholder if you possess shares of a specific corporation. There are two sorts of stocks: ordinary and preferred.
A stock is a type of instrument that denotes the holder's ownership stake in the issuing company and is typically traded on stock markets.
Here,
J.D basis in his Clampett Inc., stock after all transactions in 2022 is as follows:
J.D basis in his Clampett Inc., stock $ 46,500
Add: Allocation of ordinary income from Clampett Inc. $ 11,500
Total Basis $ 58,000
Less: Distribution $ 51,000
J.D basis in his Clampett Inc., stock after all transactions
in 2022 $ 7,000
Therefore, in the Clampett, incorporated corporation, on the J.D.'s basis in his Clampett, incorporated, stock after all transactions in 2022 is $ 7,000.
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during performance appraisals at carson engineering corp., both the host-nation managers and the home-office managers evaluate the performance of expatriate managers. a company might do this to avoid the problem of cultural conflict. unintentional bias. operational errors. overcompensation. culture shock
During performance reviews, the home office and host-nation managers assess the performance of expatriate managers to prevent the problem of cultural conflict. Option A is correct.
What is cultural conflict?
"Cultural Conflict" refers to disagreements that develop when two or more cultural groups coexist in the same society and their cultural values and beliefs collide.
Furthermore cultural conflict comes in two flavors: primary conflict and secondary conflict. Fundamental cultural beliefs are addressed in the primary, while a struggle between the middle and lower classes is covered in the secondary.
The elements includes in the performance appraisal of expatriate employees or managers problems such as technological expertise, cultural sensitivity on an individual and family level, and environmental considerations must also be undertaken.
Therefore it help in removal of cultural conflict between expatriate managers.
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The decision rendered in the dred scott case was applauded by?
The decision about "Dred Scott" case was applauded by pro-slavery southerners
The Dred Scott v. Sandford case was a landmark decision of the US Supreme Court. In this case, Dred Scott, an enslaved man taken by his owner to live in a free state and territory, argued that he should be granted his freedom because he had lived in a free area. The Court, however, ruled against Scott, stating that as a black person, he was not a citizen and thus, did not have the right to bring a lawsuit.
The decision in the Dred Scott case was widely applauded by pro-slavery southerners, who saw it as a victory for their cause. They argued that decision affirmed their right to own slaves and to take them into free states without fear of losing their property. Many northerners were outraged by the decision, which they saw as a blatant endorsement of slavery and an affront to the principles of freedom and equality.
Complete Question
The decision rendered in the "Dred Scott" case was applauded by
A) Republicans
B) conservative unionists
C) abolitionists
D) pro-slavery southerners
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q20) the case of former self-driving engineer, anthony levandowski, shows that plays a significant role in determining the competitive advantage of firm, especially in high-tech industry. a. customer relationship b. human capital c. cash flow d. marketing capabilities
The case of former self-driving engineer, Anthony Lewandowsky, shows that customer relationship plays a significant role in determining the competitive advantage of firm, especially in high-tech industry.
What is customer relationship?Customer relations are the strategies a business use to interact with its clients and enhance the client experience.
This includes proactively developing long-term solutions that are focused on client success as well as responding to immediate barriers.
Making a great product is one of the most challenging challenges a business can face and one of the largest markers of success.
But how effectively a business handles its clients will ultimately determine how successful it is.
Consumers today can think beyond the item you're trying to sell them since they are more influential in the industry than ever before.
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a fifteen-year bond, which was purchased at a premium, has semiannual coupons. the amount for amortization of the premium in the second coupon is $966.29 and the amount for amortization of premium in the fourth coupon is $1,055.88. find the amount of the premium. (round your answer to the nearest cent.)
The formula for calculating bond purchased at a premium written down for the period is
(coupon rate - interest due)n*m
When bonds are sold at a premium?Bond premiums are equally amortized over each period using the straight-line technique. Over the course of the bond's existence, it evenly reduces the premium amount. The straight-line method's formula for calculating periodic amortization is as follows: Bond Premium Amortized = Bond Premium / No. of Years.Each payment on an amortized bond is applied to the principal and interest. Using the chart of bond amortization,(r=0.035)*(7-92 20-4)Solving 14 = 100 (-0.035) gives us 8=0.056 31442228, which we now substitute into the equation to get the result, which is n=26.A company will issue bonds payable to raise money. In the business's bookkeeping records, a premium or discount on bonds payable account is created when they are issued at a price other than their par value. The amortization of bonds payable is calculated using the effective interest method.When a company uses the straight line amortization of bond premiums, the total amount of interest expense will be equal to the expense calculated using the effective interest method.The advantage of using the straight line amortization is that it is a much simpler method. Under this method, the bond's premium is amortized over the life of the bond.To know more about bonds payable, click here:-
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What are the elements of chart of accounts?
The Fund, Account, Program, Organization, Activity, and Location components make up the Chart of Accounts.
An index of each account in an accounting system is provided by a chart of accounts, a financial and organizational tool. This gives information about all of the business's financial transactions. For each sort of asset, income, liability, equity, and expenditure, an account serves as a distinct record.
The demands of the company or organization will determine the best manner to organize the chart of accounts. Usually, it is arranged logically and hierarchically, with higher-level accounts denoting general categories of financial activity and lower-level accounts denoting more particular kinds of transactions.
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Why does contractionary monetary policy increase interest rates?
In a contractionary policy, the money supply is restricted by raising central bank interest rates.
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.
Governments issue coin and paper money through a mix of national treasuries and central banks. By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.
By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it. Because the money supply may have an impact on price levels and inflation, both the public and private sectors conduct analyses.
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