Companies are required to accrue gains and losses on foreign currency-denominated receivables and payments as of the statement date. Therefore, option (D) is the correct answer for this question.
A foreign currency is the unit of account that a foreign nation uses to conduct official financial transactions. The appropriate government only permits the use of this specific currency for domestic trade.
In general, unless the government of that country approves to its usage, a foreign currency may not be used to pay for goods and services in any nation other than the one in which it is printed. In the Federated States of Micronesia, for instance, the U.S. dollar is used, but if the Micronesian government had not agreed to this, dollars would not be usable in Micronesia. There are, however, certain exceptions to this rule, especially when the local currency is worth little. For instance, a large number of businesses in Zimbabwe take US dollars in addition to (or perhaps as a substitute for) Zimbabwean dollars.
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Complete question:
Which of the following best describes the accounting for foreign currency-denominated receivables and payables?
A) No gains or losses are recorded until the receivable is collected or the payable is paid.
B) No gains or losses are recorded because there has been no cash effect.
C) Companies are required to report the foreign-currency denominated receivables and payables at their current market value on the statement date, but no gain or loss is recognized in the income statement.
D) Companies are required to accrue gains and losses on foreign currency-denominated receivables and payments as of the statement date.
Suppose that in January a profit-maximizing firm has 25 employees. By February, the firm has decreased employment. One can infer that, when 25 employees are hired, the a. the firms profit is not maximized b. wage equals the value of the marginal product of labor. c. a and c d. wage exceeds the value of the marginal product of labor.
When 25 employees were hired then the wage exceeds the value of the marginal product of labor that is option D is correct.
Whenever an organization hires employees, it looks at all the aspects whether the organization needs the employees or not or whether the employees hired are producing enough labor or not or whether the wages given to the employees are suitable and within the range of organization's profit or not. If the marginal product of labor is less than the wages of the labor then the organization starts decreasing the amount of labor which it has hired. The same happens in this case as when 25 employees are hired the marginal product is less than the wages of labor so the firm decreases the employment of labor.
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the amount presented as an expense in the income statement for income taxes may be called all of the following except : A) income taxes payable; B) It is income for financial reporting purposes. C) temporary difference. D) timing difference.
The amount presented as an expense in the income statement for income taxes may be called all of the following except timing difference.
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements.
One of the three statements used in both accounting and corporate finance, including financial modeling, is the income statement. The statement gives a clear and logical breakdown of the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
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(i) In the model with one endogenous explanatory variable, one exogenous explanatory variable, and one extra exogenous variable, take the reduced form for y2, , and plug it into the structural equation . This gives the reduced form for y1:
y1 = α0 + α1Z1 + α2Z2 + V
Find the αj. in terms of the βj and the πj.
(ii) Find the reduced form error, v1, in terms of u1, v2, and the parameters.
(iii) How would you consistently estimate the aj?
A variable in a statistical model that is altered or determined by its interactions with other variables in the model is known as an endogenous variable.
In a model, what do exogenous and endogenous variables mean?
Exogenous variables in economic models are those whose values are established outside and imposed upon the model, and exogenous changes are adjustments made to exogenous variables.
What distinguishes exogenous variables from endogenous variables?An exogenous variable in an economic model is one whose value is decided outside of the model and forced upon it, and an exogenous change is a change to an exogenous variable. A variable whose value is decided by the model is an endogenous variable, in contrast.
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the management of penfold corporation is considering the purchase of a machine that would cost $330,000, would last for 6 years, and would have no salvage value. the machine would reduce labor and other costs by $65,000 per year. the company requires a minimum pretax return of 9% on all investment projects. click here to view exhibit 14b-1 and exhibit 14b-2, to determine the appropriate discount factor(s) using the tables provided. the net present value of the proposed project is closest to (ignore income taxes.)
The net present value of the proposed project is closest to $38,410. Therefore, the first option is the required answer.
The idea of present value holds that money currently is worth more than it will be in the future. In other words, amount earned in the future is not as valuable as money obtained today in the same amount.
The investment return rate used in the present value computation is called the discount rate. In other words, if an investor elected to accept an amount in the future as opposed to the same amount today, the discount rate would be the forgone rate of return. Given that it represents the anticipated rate of return you would experience if you had invested today's money for a period of time, the discount rate that is used for the present value calculation is very arbitrary.
In the given question,
Net present value = Present value of cash inflow - Present value
of cash outflow
= 65,000 x PVIAF (9%, 6 years) - 330,000
= (65,000 x 4.48592) - 330,000
= 291,585 - 330,000
= 38,415
= $38,410
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Complete question:
The management of Penfold Corporation is considering the purchase of a machine that would cost $330,000, would last for 6 years, and would have no salvage value. The machine would reduce labor and other costs by $65,000 per year. The company requires a minimum pretax return of 9% on all investment projects. Click here to view, Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (Ignore income taxes.):
$(38,410)$(8,410) $(103,410) $(329,997)
Which of the following policies would Keynes's followers support when an increase in business optimism shifts the aggregate demand curve away from long-run equilibrium?
A. increase taxes B. increase the money supply C. increase government expenditures D. All of the above are correct.
Keynes's followers would support the policy of increasing taxes when a decrease in business optimism shifts the aggregate-demand curve away from long-run equilibrium. The correct option is a.
What is long-run equilibrium?Long-run equilibrium in economics refers to a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics, there are no fixed factors of production in the long run, and there is enough time for adjustment so that no constraints are preventing changing the output level by changing the capital stock or by entering or leaving an industry.
An economy is said to be in long-run equilibrium if the short-run equilibrium output is equal to the full employment output.
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maytag's front-loading neptune washer provides superior cleaning and energy efficiency. the neptune washer is an example of a product. group of answer choices pleasing salutary deficient nondurable desirable
The Neptune washer is an example of a desirable product. a term used by societal marketers in product classification to describe any good or service that provides both immediate satisfaction and long-term benefits.
"Socially desirable FMCG" refers to products that are characterised by social pressure to purchase for environmental reasons. The authors do not consider whether the production procedures are environmentally friendly or not. Brand desire is defined as having a product or service that consistently improves people's lives. A prospect must want what you have in order to be willing to pay you perfectly good money for what you have. You're wasting your time and money if your marketers activities don't elicit a visceral sense of Desire in your prospects.
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the economic stimuls act of 2008 and the american recovery and reinvestmnet act of 2009 are both examples of
Both the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 are examples of fiscal policy.
Fiscal policy is a tool used by governments to influence the economy and influence economic activity. The Economic Stimulus Act of 2008 was a government spending package designed to stimulate the U.S. economy in the wake of the 2008 financial crisis.
It was passed into law in February 2008 and included tax cuts and spending increases. The American Recovery and Reinvestment Act of 2009 was another government spending package intended to stimulate the economy during the Great Recession.
It was passed into law in February 2009 and included tax cuts, spending increases, and incentives for businesses to invest. Both of these acts demonstrate the government's use of fiscal policy to try and encourage economic growth.
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the annual report for sneer corporation disclosed that the company declared and paid preferred dividends in the amount of $120,000 in the current year. it also declared and paid dividends on common stock in the amount of $2.20 per share. during the current year, sneer had 1 million common shares authorized; 320,000 shares had been issued; and 118,000 shares were in treasury stock. the opening balance in retained earnings was $820,000 and net income for the current year was $320,000.
A journal entry to close the dividends account is given below.
Cash Dividend Dr $120,000
Dividend Payable Dr $120,000
Dividend Payable Dr $444,400
The retained earnings statement is presented below.
Beginning balance of retained earning $820,000
Net income $320,000
Cash Dividend paid -$564,400
Ending balance $575,600
Retained Earnings Dr ($120,000 + $444,400) $564,400
To Cash Dividends $564,400
A cash dividend is a payment created by a corporation out of its earnings to investors within the variety of money (check or electronic transfer). This transfers value from the corporate to the shareholders rather than the corporate exploitation the money for operations.
The question is incomplete, find the complete question here
The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $120,000 in the current year. It also declared and paid dividends on common stock in the amount of $2.20 per share. During the current year, Sneer had 1 million common shares authorized; 320,000 shares had been issued; and 118,000 shares were in treasury stock. The opening balance in Retained Earnings was $820,000 and Net Income for the current year was $320,000. Required: Prepare journal entries to record the declaration, and payment, of dividends on (a) preferred and (b) common stock. Using the information given above, prepare a statement of retained earnings for the year ended December 31. Prepare a journal entry to close the dividends account.
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we can determine cash received from customers by analyzing the accounts receivable account. which of the following approaches would lead to the correct result?
The approach that would lead to determining the cash received from customers by analyzing the accounts receivable account will be the a) Beginning balance + debits during the period -- ending balance.
In the field of business, accounts receivable can be described as the revenue that a customer owes to a business or firm for a product that has already been given to the customer but the customer has not yet paid for it.
An effective approach to calculating the accounts receivable will be to deduct the debits that are made from the beginning to the ending balance. Hence the formula, beginning balance + debits during the period -- ending balance.
Although a part of your question is missing, you might be referring to this question:
We can determine cash received from customers by analyzing the accounts receivable account. which of the following approaches would lead to the correct result?
a) Beginning balance + debits during the period -- ending balance
b) Beginning balance - debits during the period -- ending balance.
c) Ending balance + debits during the period -- beginning balance.
d) none of the above
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the association of turkish travel agencies reports the number of foreign tourists visiting turkey and tourist spending by year.14 three plots are provided: scatterplot showing the relationship between these two variables along with the least squares fit, residuals plot, and histogram of residuals. (a) Describe the relationship between number of tourists and spending. (b) What are the explanatory and response variables? (c) Why might we want to fit a regression line to these data? (d) Do the data meet the conditions required for fitting a least squares line? (e) Check assumptions (the same way we did in class)
a) It is blatantly obvious that there is a direct correlation between visitor numbers and spending,
b) The response variable is spending, and the explanatory variable is the number of tourists.
c) Policy decisions are increasingly easier to implement. Depending on the number of visitors, we will be able to anticipate spending in the future.
d) One assumption is that the residuals must have a normal distribution with a mean of zero and a constant variance, whether they are known or unknown.
(a) It is abundantly evident that there is a linear relationship between the number of visitors and spending, with spending rising as the number of visitors rises and falling when the number of visitors is zero. This suggests a relationship along the lines of y=mx, where y is the amount of money spent, x is the number of tourists, and m is the regression coefficient or slope of the line.
(b) The explanatory variable is the Number of Tourists, and the response variable is Spending(y).
(c)
Since the line indicates that expenditure rises as the number of tourists rise, describing the nature of the relationship between the variables will be simple. Making decisions on policies is now more practical.In the future, we will be able to forecast spending depending on the number of tourists.(d) One presumption is that, whether known or unknown, the residuals must follow a Normal distribution with a mean of zero and a constant variance. The third plot's histogram shows that the majority of the residuals are located close to zero.
Only the residuals, which make up the second plot's residual plot, are evenly distributed in the area around zero but are also clustered close to zero, which is a crucial component of a normal distribution with a zero mean.
The histogram demonstrates another characteristic of a normal distribution in that the residual distribution is more or less symmetrical around zero.
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selected hypothetical financial data of target and wal-mart for 202 are presented here net sales 65,000
Walmart's current ratio can be represented as 0.9:1
Ratio analysis:
1. (Current ratio * current assets)/current liabilities
=19,000/12,000
= 1.6: 1
49,000/55,000
= 0.9: 1
2. Accounts receivable= turnover /average accounts receivable
=65,000/8,000
= 8.1 times
406,000/3,800
= 106.8 times
3. Accounts collection period= 365/accounts receivable turnover
=365/8.1
= 45.1 days
=365/106.8
= 3.4 days
4. Inventory turnover= cost of goods sold/average inventory
=46,000/6,800
= 6.8 times
306,000/33,200
= 9.2 times
5. Days in inventory= 365/ inventory turnover
=365/6.8
= 53.8 days
365/9.2
= 39.8 days
6. Profit margin= net income/net sales
=2,170/65,000
= 3.3 %
14,910/406,000
= 3.8 %
7. Assets turnover= turnover/ average assets
=65,000/(45,100+45,000)/2
= 1.4 times
406,000/(172,000+162,000)/2
= 2.4 times
8. Return on assets= net income/ average assets
=2,170/45,050
= 4.8 %
14,910/167,000
= 8.9 %
9. Return on common shareholders equity= net income/average common shareholders equity
=2,170/(15,700+12,900)/2
= 15.2 %
14,910/(74,000+66,000)/2
= 21.3 %
10. Debt to assets= total liabilities/total assets
=(12,000+17,400)/45,100
= 65.2 %
(55,000+43,000)/172,000
= 57 %
11. Times interest earned= operating income/interest
=(65,000-46,000-14,800-70)/660
= 6.3 times
(406,000-306,000-76,000-390)/2,200
= 10.7 times
12. Free cash flows= net cash generated by operations - capital expenditure
=5,900-1,700
= $ 4,200
27,400-11,600
= $ 15,800
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The yearly interest of a bond is the face value of the bond:
None of these
Divided by the stated yearly interest rate
Plus the stated yearly interest rate
Minus the stated yearly interest rate
Times the stated yearly interest rate
The periodical stated interest payment made on a bond is expressed in dollars as follows: the market price of a bond divided by its annual coupon payment.
What is a bond's face value?The initial issue price of a financial instrument, given in dollars, is known as face value. The amount that the issuer must pay when a bond matures is its face value, also referred to as its "par value." On the other hand, a stock's face value is the price set at the time of issuance by the firm that issued it.
A bond's face value fluctuates.The fact that a bond's face value is fixed while its price fluctuates is the key distinction between the two Up until the bond's maturity, whatever the face value is stays the same.
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FILL IN THE BLANK Companies can identify competitors from a(n) ________ point of view by defining competitors as companies that are trying to satisfy the same customer need or build relationships with the same customer group. A) customer B) blue ocean C) market D) myopic
Companies can identify competitors from a market point of view by defining competitors as companies that are trying to satisfy the same customer need or build relationships with the same customer group. Hence, option C is correct.
What is market?Parties may assemble in a market to make the exchange of goods and services easier. Buyers and sellers are the parties that are often involved.
The market may be physical, such as a physical store where customers can connect with one another face-to-face, or it may be virtual, such as an online marketplace, where buyers and sellers do not directly interact. Some of the key factors that help define a market are the existence of a marketplace, buyers, and sellers.
Thus, option C is correct.
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a $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. the only changes affecting retained earnings are net income and cash dividends paid. new equipment is acquired for $69,600 cash. received cash for the sale of equipment that had cost $60,600, yielding a $3,200 gain. prepaid expenses and wages payable relate to operating expenses on the income statement. all purchases and sales of inventory are on credit.
When a $30,000 note payable is retired at its carrying (book) value, the only effect on retained earnings is the decrease in the note payable liability. There is no effect on net income or cash dividends.
When new equipment is purchased for $69,600 cash, there is no effect on retained earnings. The cash account is increased by $69,600.
When equipment is sold for $60,600, yielding a $3,200 gain, the effect on retained earnings is the increase in the gain on the sale of equipment. The cash account is increased by $63,800 ($60,600 plus $3,200 gain).
When prepaid expenses and wages payable relate to operating expenses on the income statement, there is no effect on retained earnings.
When all purchases and sales of inventory are on credit, there is no effect on retained earnings.
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that idleness of children was more a problem during the industrial revolution than exploitation resulting from employment
That idleness of children was more a problem during the industrial revolution than exploitation resulting from employment. This statement is true.
The significance of child labor during the Industrial Revolution was linked to both the growth of child labor's character and the volume of young people working in factories.
According to Cunningham (1990), juvenile idleness throughout the Industrial Revolution was a bigger issue than the exploitation that resulted from employment.
When he looks at the 1834 Report on the Poor Laws, he discovers that there was hardly any work for kids in any given parish. Contrarily, it is asserted by Cruickshank (1981), Hammond and Hammond (1937), Nardinelli (1990), Redford (1926), Rule (1981), and Tuttle (1999) that many kids were working in the textile industries.
Since there was no national market for child labor, these two seemingly incompatible claims can be reconciled. Child labor, on the other hand, was a regional phenomena, with a high frequency in the manufacturing districts and a low incidence in the rural and agricultural areas.
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Nonprofit organizations: (select all that apply)
-usually have significant funding sources other an sales
-never have variable revenue sources
-never have costs
-may have revenue sources that are fixed
-usually have significant funding sources other an sales
-may have revenue sources that are fixed
Nonprofit organizations may have revenue sources that are fixed. An organization can incorporate as a nonprofit organization without obtaining tax-exempt status.
A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity, not-for-profit organization, or nonprofit institution,. The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties. Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit. Government approval is required for nonprofit organizations to be tax-exempt, however some may also be eligible for tax-deductible donations. However, an organization can incorporate as a nonprofit organization without obtaining tax-exempt status.
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the summary of significant accounting policies should disclose the pro forma effect of retroactive application of an accounting change. basis of profit recognition on long-term construction contracts. adequacy of pension plan assets in relation to vested benefits. future minimum lease payments in the aggregate and for each of the five succeeding fiscal years.
The basis for profit recognition on long-term construction contracts should be included in the overview of important accounting policies.
What do you mean by the summary of significant accounting policies?When a choice is possible, the firm's important accounting procedures and policies are described in the summary of significant accounting policies. Understanding the amounts provided in the financial statements requires knowledge of the methodologies. The percentage of completion or completed contract methods may be used to account for long-term contracts. The user can better grasp the significance of reported revenue and gross profit by being made aware of this method.
The other response options provide information on individual accounts or the outcome of using particular accounting rules. They don't say what accounting and reporting decisions the company has taken.
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financial analysts have estimated the returns on shares of drucker corporation and the overall market portfolio under various economic conditions as follows. the return for drucker in the following three economic states of nature are forecasted to be: -18% in recession, 10% in moderate growth, and 30% in a boom. estimates for the market as a whole in the same economic states are -9% in recession, 8% in moderate growth, and 23% in boom. the analyst considers each state to be equally likely. using these data, compute the beta of drucker corporation's stock.
The beta of Drucker Corporation's stock Beta is 0.14.
The beta of Drucker Corporation's stock can be calculated using the following formula:
Beta = (Covariance of Drucker Corporation's returns and the market's returns) / (Variance of the market's returns)
Using the data provided, we can calculate the beta of Drucker Corporation's stock by first calculating the covariance and variance of the market's returns, and then calculating the covariance of Drucker Corporation's returns and the market's returns.
Covariance of the market's returns = ( (-9% - 0%) + (8% - 0%) + (23% - 0%) ) / 3 = 8%
Variance of the market's returns = ( (-9% - 0%)^2 + (8% - 0%)^2 + (23% - 0%)^2 ) / 3 = 99%
Covariance of Drucker Corporation's returns and the market's returns = ( (-18% - 0%) + (10% - 0%) + (30% - 0%) ) / 3 = 14%
Therefore, Beta = 14% / 99% = 0.14
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________________ is the extent to which employees have positive or negative feelings about various aspects of their work.
A. Job satisfaction
B. Job performance
C. Job enrichment
D. Job involvement
E. Organizational commitment
Job satisfaction, is the extent to which employees have positive or negative feelings about various aspects of their work. Thus, option (a) is correct.
What is employees?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the employees have positive or negative feelings are the job satisfaction. The job satisfaction are the employees are the satisfy the job. An employee is the freely work and the manage the work are the easily to satisfy the job.
As a result, Job satisfaction is the degree to which individuals have favorable or negative attitudes about different aspects of their work. Therefore, option (a) is correct.
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FILL IN THE BLANK. the___is a flexible planning tool that assists the salesperson in assembling pertinent information to be covered with the prospect
The sales dialogue template is a flexible planning tool that assists the salesperson in assembling pertinent information to be covered with the prospect.
A sales dialogue is the term used to describe the interactive communication process that takes place between a buyer and a seller as each side attempts to define and comprehend the needs of the other and how the suggested solution will satisfy those needs.
Nine sections make up the Sales Dialogue Template: (1) prospect information; (2) customer value proposition; (3) sales call objective; (4) situation and needs analysis—linking buying motives, benefits, support information, and other reinforcement methods; (5) competitive situation; (6) starting the sales dialogue; (7) anticipating questions and objections; (8) earning prospect commitment; and (9) building value through follow-up action. This sample shouldn't be used to create a strict sales call script. When used appropriately, it can assist salespeople in making sure that they are ready to talk to customers about all relevant information.
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abc company has completed the basic format to be used in preparing the statement of cash flows (indirect method). listed below in random order are line items to be included in the statement of cash flows. purchase of equipment $ 2,300 decrease in inventory 273 increase in prepaid rent 100 payment of dividends 340 depreciation expense 134 increase in accounts receivable 500 increase in accounts payable 210 gain on sale of land 101 net income 1,060 repayment of notes payable 503 cash received from the sale of land 37 issuance of common stock 2,420
The cash flow for the ABC company from financing activities is $1587.
What is cash flow?The total net cash inflow and outflow for a specific time period make up a company's cash flow. A positive cash flow is necessary for a business to stay in business. For investors to receive value, positive cash flows are also required. The standard reporting period used to track cash flow is often a month, quarter, or year. The total net cash inflow and outflow for a specific time period make up a company's cash flow. A positive cash flow is necessary for a business to stay in business. For investors to receive value, positive cash flows are also required.
Cash flow from Financing Activities
Payment of dividends (360)
Issuance of common stock 2,440
Repayment of notes payable (493)
Net cash flow by financing activities 1,587
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since the development of affirmative action programs, companies no longer require physical examinations as part of the selection process.
Companies no longer demand physical exams as part of the hiring process due to the introduction of affirmative action initiatives. A job specification outlines the qualifications needed to perform the duties of the position.
Policies and initiatives that encourage equal employment opportunities for women, people of colour, and people with disabilities are known as affirmative action.
The purpose of affirmative action is to create a workforce that fairly represents the characteristics of the qualified workforce that is present in the relevant labour market. It does this by establishing equal access to employment opportunities.
Affirmative action enables institutions to employ comprehensive evaluations to include race as one of several considerations when assessing applications. Affirmative action thereby increases the likelihood that a student of colour will be given fair and thorough consideration rather than being disregarded for admission.
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Which of the following statements regarding customer expectations is appropriate for salespeople to remember?
- Many relationships fail due to unmet expectations
- The higher the customer's expectations, the better, provided the seller can meet or exceed those expectations
- Salespeople must be able to manage their customers' expectations
- Customer dissatisfaction is often the result of unmet expectations
- All of the above are correct
Salespeople need to remember the following statement regarding customer expectations:
Many relationship fails due to unmet expectationsThe higher the custmer's expectations, the better, provided the seller can meet or exceed those expectationsSalespeople must be able to manage their customers' expectationsCustomer dissatisfaction is often the result of unmet expectation (E)Customer expectations represent the customers prediction about their experience when they use a product. How a customer build his experience is defined by his perceived performance of the product and how well it meets his expectation.
Customers expectations may come in different kind of types:
Implicit expectationsExplicit expectationsInterpersonal expectationsStatic performance expectationsDynamic performance expectationsDigital expectationsTechnological expectationsSituational expectationsTo improve customers expectations, salespeople should research their target market first. Ensure what expectations the target audiences already have. Utilize personalized marketing strategies based on the marketing research data. Give respon to customers promptly and try to direct them the correct resources that can solve their problems. Use clear communication and simple language. Ensure your customers about their data and privacy protection. Anticipate potential challenges for customers and prepare the contingency plans. Simplify the buying process and provide great experience for customers.
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oriole company had sales in 2021 of $1,650,000 on 60,000 units. variable costs totaled $990,000, and fixed costs totaled $550,000. a new raw material is available that will decrease the unit variable costs by 20% (or $3.30). however, to process the new raw material, fixed operating costs will increase by $110,000. management feels that one half of the decline in the unit variable costs should be passed on to customers in the form of a sales price reduction. the marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold.
It should result in an overall increase in net income of $71,850.
If the Riobole Company implements the new raw material and passes on half of the savings to customers, they can expect to see an increase in sales volume of 5%. This translates to an additional 3,000 units sold, bringing the total sales volume to 63,000 units. The total variable costs associated with these additional units will be $99,000 ($3.30 x 3,000).
The total cost of the new raw material, including the additional fixed costs, is $660,000 ($550,000 + $110,000). This means that the total cost of the new raw material, including the additional fixed costs, is 40% of the total variable costs associated with the additional 3,000 units ($660,000/$99,000).
The Riobole Company can expect to see an increase in total sales of $81,500 ($3.30 x 3,000 x 5%) and an additional contribution margin of $20,850 ($3.30 x 3,000 x 40%). This should result in an overall increase in net income of $71,850 ($81,500 - $9,650).
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The parking brake on a 1000 kg Cadillac has failed, and it is rolling slowly at 1.00 mph, towards a group of small children. Seeing the situation you realize you have just enough time to drive your 2000 kg Volkswagon head on into the Cdillac and save the children. With what speed should you impact the Cadillac to bring it to a halt?
The speed at which we impact the Cadillac is 0.5mph
As given in the question,
Mass of the Cadillac (M1) is 1000kg
Mass of the car Volkswagon (M2) is 2000kg
The speed at which Cadillac is rolling (V1) is 1mph
Let the speed of the Volkswagon is (-v) ('-' indicates opposite direction)
Then, applying conservation momentum
[tex]M_1V_1+M_2V_2=0[/tex]
both the cars momentum should be equal to zero after the impact
( equals to zero because the final momentum should be zero)
now
1000 x 1 +2000 ( -V) =0
1000 - 2000V=0
2000V = 1000
V = 1000/2000
V = 0.5mph
To bring Cadillac to halt the speed of Volkswagon should be 0.5mph
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given that the costs of mounting a fever are less than the benefits, the principle of asymmetric harm predicts that natural selection should result in which of the following? group of answer choices fevers only occur when an infection has progressed far enough that a fever will be necessary to help clear it. a fever response is mounted more often than it is actually needed to help defend against an infection. frequent cases where fevers would be beneficial but a fever response is not mounted evolution of lower basal body temperatures
More often than necessary, a fever response is initiated to aid in the defense against an illness.
What happens when you have a fever in your body?You frequently feel cold and begin to shiver in the early stages of a fever. This is your body's reaction to a temperature increase. Your skin's blood vessels contract (constrict), driving blood from the skin's outer layer into your body, where it is simpler to trap heat.
What is a fever a normal reaction?If your child is getting enough fluids and is otherwise healthy, you may typically let a fever run its course because it is the body's natural defense against illness. Try to bring down your child's temperature if they are having problems drinking.
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TRUE/FALSE. A self-employed taxpayer reports home office expenses as for AGI deductions while employees report home office expenses as from AGI deductions.
The above-given statement is true, Employees report home office costs as from AGI deductions, but self-employed taxpayers report them as from AGI deductions.
A self-employed person is allowed to deduct half of their self-employment tax obligation for the tax year.
When calculating adjusted gross income, the deduction is claimed as an above-the-line deduction (AGI). To claim the deduction, the taxpayer does not have to itemize their expenses.
Your adjusted gross income (AGI) amount is used by the Internal Revenue Service (IRS) to determine your annual income tax obligation.
It is calculated by subtracting particular adjustments from gross income, such as business expenses, student loan interest expenses, and other expenses.
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rodgers company gathered the following reconciling information in preparing its may bank reconciliation: line item description amount cash balance per company's records, may 31 $5,400 deposits in transit 375 note receivable and interest collected by bank 650 bank charge for check printing 40 outstanding checks 2,400 nsf check 140 determine the adjusted balance that would appear in the company section of the bank reconciliation on may 31. a.$5,870 b.$6,245 c.$3,845 d.$4,930
Correct choice is $5,870.
Explanation,
Preparation for Rodgers Company Bank Reconciliation Statement
= Cash balance per books + Notes receivable and interest gathered through bank - Bank cost for test printing - NSF check
= $5,400 + $650 - $40 - $140
=$6,050 - $40 - $140
= $6,010 - $140
= $5,870
Therefore the Adjusted Cash Book for Rodgers Company Bank Reconciliation Statement will be $5,870.
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https://brainly.com/question/26699275#SPJ4Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of the account changes, it is determined that Dover purchased equipment totaling $70,000 for the year. It also sold equipment with an original cost of $30,000 for $8,000 cash. Assuming these are the only transactions affecting the investing activities, Dover will report net cash flows provided by (used in) investing activities of:
A)($40,000).
B)($70,000).
C)($32,000).
D)($62,000).
Dover will report net cash flows provided by (used in) investing operations of ($62,000), assuming that these are the sole transactions effecting the investing activities.
Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.
Ability to generate positive cash flows, or more specifically, potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create value for shareholders (FCF). After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business activities (CapEx).
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retail life cycle this activity is important because retail outlets, like products, experience growth and decline, which is described by the retail life cycle. marketing managers pay close attention to stages of the retail life cycle since both profits and market share rise then fall across the four life cycle stages. the goal of this activity is to demonstrate your understanding of the different stages of the retail life cycle: early growth, accelerated development, maturity, and decline. for each hypothetical below, select the appropriate stage of the retail life cycle.
According to the retail life cycle idea, retail firms go through periods of innovation, development, maturation, and decline, much like the products and services they sell.
The retail life cycle hypothesis contends that, like the products they sell, retail institutions go through a cycle of invention, expansion, maturity, and decline.
The present retail formats are developed according to the retail life cycle theory, which also explains why they do. The idea is strengthened by the fact that the effect of the retail life cycle is attributed to a variety of elements, including the price cycle, market environment, macroeconomic volatility, and so on. The retail life cycle and the factors that influence changes in retail formats are not addressed by this theory. Also not taken into account is the impact of consumer interactions and answers.
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