"Mr. Fitzgerald is selling his home to permanently move into a retirement" He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term. This is further explained below.
What is prescription drug plan?Generally, Prescription drug plans (PDPs) are another name for Medicare Part D. These policies are available on their own from private insurance providers.
In conclusion, He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term.
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Answer:
Explanation:
Because he is moving outside of the service area, the plan must automatically disenroll him. He will have a special election period to select a new plan.
What is likely to occur during a period of inflation? (Standard 5.7)
O More than one of the above will occur
O People are likely to save money since prices are increasing
O I have no idea what the answer is.
O People are likely to spend their paychecks instead of placing their money in a
savings account
O People will not purchase land or valuable metals
During an inflation, people are likely to spend their pay checks instead of placing their money in a savings account.
What is an inflation?Inflation is a period that is characterised by a general increase in the price levels of goods and services. During an inflation, the value of money would erode quickly. This would discourage people from saving it. They would instead prefer to spend their monies.
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A price floor set at $60 would create a surplus of 20 units. a. True b. False
Answer:
True
Explanation:
Which of the following statements about cover letters is false?
a.
A cover letter gives an employer some insight into the applicant’s personality.
b.
A cover letter provides an employer with an sample of the applicant’s written communication skills.
c.
A cover letter is sent before a résumé so that the employer knows it is coming.
d.
A cover letter allows an applicant to go more in depth about their skills and abilities
The false statement about cover letters from the list of options is C. A cover letter is sent before a résumé so that the employer knows it is coming.
What is a Cover Letter?This refers to the one-page document that a job seeker submits with his resume or CV that serves as an introduction.
Hence, we can see that based on the fact that cover letters are used by job seekers to make an introduction of themselves, we can see that sending it before a resume is false.
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The audit committee is required by U.S. law to be:
The audit committee is required by U.S. law to have a minimum of three directors with the independent directors forming a majority.
What is audit?It should be noted that audit simply means an official inspection if the account of an organization by an independent body.
In this case, the audit committee is required by U.S. law to have a minimum of three directors with the independent directors forming a majority.
The complete question is:
The audit committee is required by U.S. law to:
a. have a director.
b. not comply with rules and regulations.
c. ensure min conformity with accounting principles.
d. have a minimum of three directors with the independent directors forming a majority.
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Bulk heated Mac & Cheese can be held for _______ hours. Enter the exact number.
Answer:
2
Explanation:
Bulk heated Mac & Cheese can be held for 2 hours.
Bulk heated mac & cheese can be held for 2 hours.
Where does Panera get their mac and cheese?The Mac and Cheese at Panera Bread are "prepared offshore with our exclusive recipe devised by our chefs," according to Panera Bread's defense to The Washington Post. As a result, the company is able to avoid employing preservatives that don't adhere to its clean requirements because the product is transported frozen to its bakery-cafes.
Bulk-heated mac & cheese, like any other cooked food, is susceptible to bacterial growth. Bacteria can multiply rapidly between 40°F and 140°F, which is known as the "danger zone." Therefore, it is important to ensure that cooked mac & cheese is held at a safe temperature to prevent bacterial growth and foodborne illness.
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How can business apply force field analysis in the workshop
A plan of action can be used to raise support and minimize resistance to the change after the business uses force field analysis in the workshop.
What is the force field analysis?
Kurt Lewin's analysis of the force field. Before adopting changes to business processes, businesses use force field analysis as a decision-making tool to assess the significance, impact, and influence of various aspects.
To assess the important factors inside a team, department, company, or community that are both in favor of and opposed to a change process. A Force Field Analysis is used to determine where a proposed change is supported and where it is opposed.
Hence, the significance of the force field analysis is aforementioned.
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7. White has previously said that we need a new way to think about
being old in America. She is calling on artists, change agents, and
social entrepreneurs to help imagine a change that will better the
life of older, retired people. Discuss how you think that we, as a
nation, could improve the personal finance crisis?
Providing greater opportunities for employment is one way for a country to help its citizens recover from a personal crisis. This is further explained below.
What is personal finance crisis?Generally, When financial instruments and assets see a severe decline in value, this is known as a financial crisis.
In conclusion, More work opportunities have the potential to alleviate personal crises on a national scale.
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You believe you've never really been a leader.
Which of the following would be the best way to show that you are an effective, transformational leader?
Coach your staff
Create good benefit packages for your staff
Take corrective actions with your staff
The best way to show that you are an effective, transformational leader is to take corrective actions with your staff.
What is transformational leadership?Transformational leader is an individual who desires a positive change with the followers and lead them to the change.
The change affect their lives and environment.
Therefore, The best way to show that you are an effective, transformational leader is to take corrective actions with your staff.
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Taking remedial steps with your workers is the greatest method to demonstrate that you are a successful, transformative leader.
To what extent can leadership be transformed?A transformational leader is one who wants to bring about good change in their followers and is able to inspire them to do so.
Their way of life and surrounding environment are being altered.
Therefore, taking remedial steps with your workers is the greatest approach to demonstrate that you are a successful, transformative leader.
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Write a 100- to 150-word initial post on the following questions:
Do you consider valuation analysis (to determine the value of an asset) an art or a science? Why?
There are various applications using the concepts of time value of money presented in the videos. Can you suggest another application and describe how the concept can be applied?
Because the analyst is compelled to make assumptions for model inputs, valuation research is primarily based on science with a small amount of art. Bond and stock valuation are a few further uses, along with capital budgeting. The concept that its future earnings potential, a sum of money, is worth more today than it will be later.
What is valuation analysis?
A technique called valuation analysis is used to determine the approximate value or worth of any kind of asset, including businesses, stocks, fixed-income securities, commodities, real estate, and other assets.
Because the analyst must make assumptions for model inputs, valuation analysis is primarily a scientific process but also involves certain artistic elements. An asset's worth is essentially the sum of its present value (PV) for all anticipated future cash flows.
The time value of money is used in various financial contexts, such as capital planning, bond and stock valuation. Finding what a current investment will increase to in the future is the process of determining future worth. Compounding is the term for this.
Hence, the significance of the valuation analysis is aforementioned.
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Which one of the following statements regarding partnership taxation is incorrect?
Answer:
A partnership is a taxable entity for Federal income tax purposes.
Bailand Company purchased a building for $148,000 that had an estimated residual value of $8,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year), the following independent situations occur:
The journal entries relating to the building for the fifth year is: Debit Depreciation expense $10,500; Credit Accumulated depreciation $10,500.
Journal entries1. Dec 31
Debit Depreciation expense $10,500
Credit Accumulated depreciation $10,500
(To record depreciation expense )
Book value=$148,000-($148,000-$8,000/10×4)]
Book value=$148,000-$56,000
Book value=$92,000
Depreciation=$92,000-$8,000/8
Depreciation=$10,500
2. Dec 31
Debit Depreciation expense $24,000
Credit Accumulated depreciation $24,000
[($92,000-$8,000)×6/21]
(To record depreciation expense)
3. Dec 31
Debit Accumulated depreciation $3,200.00
[($8,000×4)/10]
Credit Retained earnings $3,200.00
(To record prior year adjustment for depreciation expense)
Dec 31
Debit Depreciation expense $10,000.00
Credit Accumulated depreciation $10,000.00
[($148,000-$8,000)/10]
(To record depreciation expense)
Therefore the journal entries relating to the building for the fifth year is: Debit Depreciation expense $10,500; Credit Accumulated depreciation $10,500.
The complete question is:
Bailand Company purchased a building for $148,000 that had an estimated residual value of $8,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year), the following independent situations occur:
1. Bailand estimates that the asset has 8 years’ life remaining (for a total of 12 years).
2. Bailand changes to the sum-of-the-years’-digits method.
3. Bailand discovers that the estimated residual value has been ignored in the computation of depreciation expense.
Required: For each of the independent situations, prepare all the journal entries relating to the building for the fifth year. Ignore income taxes.
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james is a wells fargo employee. his manager saw him parking illegally in the loading zone once, so he assumes james must have engaged in fraudulent account activity. which of the following perceptual errors did his manager make?
The correct option is A) Contrast effect.
What is perceptual error?Perceptual error is the inability to judge humans, things or situations fairly and accurately.
Contrast effect is an unconscious bias that happens when two things are judged in comparison to one another, rather than assessed it individually.
Perception of the people is altered once we start to compare things to one another.
James is a wells Fargo employee. his manager saw him parking illegally in a loading zone once so he assumes James must have engaged in a fraudulent account activity, which of the following perceptual errors did his manager make?
A) Contrast effect
B) Recency effect
C) Halo effect
D) Central tendency
E) Leniency
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Many executives own shares in the companies they manage and are also in high tax brackets. When faced with the choice between declaring dividends and repurchasing shares, managers may opt to repurchase shares as it is not a taxable event for them unless they sell their shares and with fewer shares outstanding, the stock price will likely rise. The company's investors may prefer dividend payments.
This is an example of what theory is in action?
The above is an example of theory is in action which is difference between Dividends and Buybacks.
What is a dividend?Dividends are leftover of a company's profit paid to shareholders. It is what is paid to those who own shares in a company at the end of the financial period.
It is to be noted that companies reward their shareholders by paying dividends or by buying back shares of stock.
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Calculate the breakeven point and contribution margin.
Fixed cost: $65,000
Selling price per unit: $5.00
Variable cost per unit: $1.00
Required: Breakeven point and contribution margin
The breakeven point is 16,250.
The contribution margin is $4.
What is the contribution margin and the breakeven point?Contribution margin is the difference between the price of an item and the variable cost per unit.
Contribution margin = price - variable cost per unit
$5 - 1 = $4
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / contribution margin
$65,000 / $4 = 16,250
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What loans tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or car? Select one: a. Open-end loans O b. Bank loans Oc. Close-end loans O d. Credit union loans
The types of loans that tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or car are c. close-end loans.
What are closed-end loans?Closed-end loans are designed for a particular purpose and are disbursed at once.
Unlike open-end loans, bank loans, or credit union loans, closed-end loans are not re-issued and the debtor is expected to pay back within a specific date.
Thus, the types of loans that tend to have a lower interest rate than credit cards and are used for specific purposes such as purchasing a home or car are c. close-end loans.
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Formal Communication follows the practices shaped by the organization through official policies, hierarchy, and technology systems
It is a true statement that Formal Communication follows the practices shaped by the organization through official policies, hierarchy, and technology systems
What is a Formal Communication?This refers to the flow of an official information through a proper and predefined channels and routes in a firm.
Most times, its follows the practices shaped by the organization through official policies, hierarchy, and technology systems.
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Which of the following statements about income taxes is not correct?
The correct statement regarding the income tax is Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future. hence option C is correct
What is income tax?A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.
The complete part of the question is below:
A) Review Later Income tax expense includes both the amount of tax payable in the current period and the amount of tax due in future periods.
B)Income taxes are based on taxable income and not accounting income.
C)Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future.
D)Deferred taxes arise because of temporary differences between the tax base and the carrying amount of assets and liabilities on the balance sheet.
Hence option C is correct.
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What would be a best practice when managing the merchandise at a store?
Explanation:
A.
make sure that all products are bought from the same vendor
B.
make sure that products displayed (sold) near each other are of similar categories
C.
make sure that the merchandise is only available to a few elite sections of society
D.
make sure that the products are kept clustered together at the center of the store
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. how does their net pay change due to the federal income tax withheld?a.no federal income taxes are withheld.b.they will add $11 to their gross pay.c.they will subtract $11 from their gross pay.d.they will add $13 to their gross pay.
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.
What is income tax?Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.
In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.
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Answer:
Answer is A
Explanation:
Because its A
true/false . entrepreneurs need to constantly rethink their entrepreneurial self discovery model and reanalyze their entrepreneurial paradigms as the business scale up.
Answer:
I would say true...
Explanation:
As their business grows, so should their ideas. For example, if your business starts taking off (i.e. gaining new customers, notice of the public eye, and new demand of your services) it is a good idea to revise the ways of your business in order to sustain success. Businesses should grow along with their customers.
What happens if my mission statement changes in the future?
It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.
Good luck ✅.
In a business plan proposal, what is an example of Investment requirements &Interest Cost?
Answer:
Gather all your company's existing information, including data on your business's revenue, operating budget, expansion plans, and so on. Integrate your goals, data, and financial needs into a concise, clean presentation. Research thoroughly any investor you plan on presenting your investment proposal to.
According to the principles of supply and demand, why is it that as the price of a product increases, the amount supplied will also increase?
According to the principles of supply and demand, the price of a product increases, the amount supplied will also increase because there is positive relationship between price and quantity supplied.
Why when price increases supply also increases?Economists States that there is a positive relationship between price and quantity supplied—that means a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied.
Principle of supply states that at a higher price, a producer is willing to produce more of a good.
Principle of demand states that at a higher price, a consumer is less willing to purchase a good.
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Eaton Electronics uses a periodic inventory system.
On March 31, Eaton has two plasma TVs on hand at a cost of $1,500 each (serial numbers 11534892 and 11534894).
In April, the company purchases four more identical TVs from Toshiba for $1,450 each (serial numbers 11542631 through 11542634).
In May, the company purchases five more identical TVs for $1,600 each (serial numbers 11550964 through 11550968).
In June, Eaton sells two of these TVs (serial numbers 11534894 and 11542631).
There were no additional purchases or sales during the remainder of the year.
Eaton Electronics uses the LIFO method. What is the cost of its ending inventory?
The cost of ending inventory of Eaton Electronics on June 30 is $13,600.
What is the LIFO method?The LIFO method values the cost of goods sold based on the assumption that goods sold are from the latest stock.
For example, using LIFO, Easton would have the two TVs sold based on the cost of the May Purchases instead of specific identification.
Data and Calculations:Beginning inventory (2 x $1,500) = $3,000
April Purchases (4 x $1,450) = $5,800
May Purchases (5 x $1,600)= $8,000
Cost of goods available for sale = $16,800
Cost of goods sold (2 x $1,600) = $3,200
Ending inventory = $13,600 ($16,800 - $3,200)
Thus, the cost of ending inventory is $13,600.
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1. A public relations manager plans to delegate crisis communications responsibilities to a subordinate. What characteristic will the manager need to assess of the subordinate prior to delegating responsibilities?
Storytelling ability
Performance readiness
Selling experience
Active participation
2. A human resource director provides training for new managers learning how to adjust their leadership styles based on their staff’s abilities to self-manage and their level of confidence in performing their jobs. Which type of leadership training is being provided by the human resource director?
Telling
Persuasive
Participatory
Situational
The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:
Performance readinessThe type of leadership training that is being provided by the human resource director is:
SituationalWhat is Situational Leadership?Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.
The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.
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Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs to be added to the costs of the equipment. The variable cost is now $3.37 per study, but Dr. Jones’ office is planning on doing 1675 studies because there has been an addition of two new managed contracts, and there has been a reimbursement increase to $53.16.
The Loss recorded in the year 2 for the table is -$35,841.39.
What is the profit or loss on the table?Year 2
Monthly Cost in year $1564.29
Maintenance $0
Salary $39600
Fixed cost $0
Variable cost $356.40
Total cost $41520.69
Reimbursements = $5679.30
Profit or Loss = Reimbursements - Total cost
Profit or Loss = $5679.30 - $41520.69
Loss = -$35,841.39.
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Which of the following is part of an organization's general environment?
Explanation:
incomplete question,you need to complete your question for a correct answer
Allan got a job at Tim Hortons on campus. His income for the year will be less than $30K. His new employer wants him to fill out a TD1 form.
Allan is a single dad and has a daughter under 18. Allan is over 65 years of age and also has a valid T2201 on file with CRA. Allan wants payroll to deduct an additional $100 per pay cheque to avoid paying additional taxes at year-end.
He has not received any bursaries or scholarships.
Required:
As a payroll admin you are required to assist Allan in completing his TD1 form and TD1-AB form
TD1-Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1.html
TD1-AB Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1ab.html
Based on the information given about the tax, the way to fill out the TD1 form will be:
He should follow the instructions on each line or the provincial and federal forms.Each of the amounts on the line is added together.The sum is then entered into the last line of page 1.How to illustrate the information?It should be noted that the TD1 form is used to determine the amount of tax that will be deducted from the income of an individual.
In this case, Allan has a T2201 which is a disability tax credit certificate. This is important as it helps people who have disabilities to reduce the amount of income tax that they'll pay.
Furthermore, Allan is a single dad, has a daughter under 18, and is over 65 years of age. Therefore, the appropriate way to fill the form is illustrated.
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Why do you think making progress ranks as the most important factor contributing to motivation, according to recent studies? How can managers provide a sense of progress for employees working on long-range projects that might not show results for months or even years?
Because humans are rational thinkers, what often motivates people can sometimes be the least expected factor to be considered.
What is motivation?Put simply, in this context, motivation is a state of mind that puts in humans in a frame of mind where they tend to readily act on instructions or work towards meeting set goals.
Some managers provide a sense of progress for employees working on long-range projects that might not show results for months or even years by simplifying goals. In other words, they set short targets for their employees that can easily be tracked. For example, weekly or quarterly targets may be used.
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Allan got a job at Tim Hortons on campus. His income for the year will be less than $30K. His new employer wants him to fill out a TD1 form. Allan is a single dad and has a daughter under 18. Allan is over 65 years of age and also has a valid T2201 on file with CRA. Allan wants payroll to deduct an additional $100 per pay cheque to avoid paying additional taxes at year-end. He has not received any bursaries or scholarships.
Based on the information given about the tax, the way to fill the TD1 form will be:
He should follow the instructions on each line or the provincial and federal forms.Each of the amounts on the line is added together.The sum is then entered into the last line of page 1.How to illustrate the information?It should be noted that the TD1 form is used to determine the amount of tax that will be deducted from the income of an individual.
In this case, Allan has a T2201 which is a disability tax credit certificate. This is important as it helps people who have disabilities to reduce the amount of income tax that they'll pay.
Furthermore, Allan is a single dad, has a daughter under 18, and is over 65 years of age. Therefore, the appropriate way to fill the form is illustrated.
Complete question:
Allan got a job at Tim Hortons on campus. His income for the year will be less than $30K. His new employer wants him to fill out a TD1 form. Allan is a single dad and has a daughter under 18. Allan is over 65 years of age and also has a valid T2201 on file with CRA. Allan wants payroll to deduct an additional $100 per pay cheque to avoid paying additional taxes at year-end. He has not received any bursaries or scholarships. As a payroll admin, you're required to assist Allan in completing his TD1 form.
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