Answer:
The answers are independent task environment, access to cutting-edge technology, and opportunities to learn.
Explanation:
Millennials are a group of individuals of a generation commonly starting from 1980s to early 2000s. These people are also called Generation Y. They are thought to have different working aspirations, preferences, and style compared to the previous generations. Thus, many researchers and consultants alike advocate for a different way in managing them as well.
Last year Jack Company had a net income of $270,000, income tax of $50,000, and an interest expense of $20,000. The company's times interest earned was closest to:A. 17.00B. 10.00C. 13.50D. 14.50
Answer:B
Explanation:
I guessed
Suppose Farmer Lane grows and sells cotton in a perfectly competitive industry. The market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. Assume Farmer Lane is currently earning a profit. Can Farmer Lane do anything to increase his profit in the short run? Farmer Lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Farmer Lane is currently earning a profit. Farmer Lane does anything to increase his profit in the short run by increasing his profit by producing more output. The correct option is D.
How can perfect competition maximize profit?A perfectly competitive firm maximizes profits at the intersection of its total cost and total revenue curves. The difference between total revenues and total costs is referred to as economic profit.
In the long run, there are no economic profits in a perfectly competitive market because the drivers of profits eventually cease to exist.
A perfectly competitive firm can sell as much as it wants as long as it accepts the market price. If a company increases the number of units sold at a given price, total revenue will rise. If the product's price rises with each unit sold, total revenue rises as well.
Thus, the ideal selection is option D.
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Final answer:
Farmer Lane can increase his profit by producing more output in the short run because his marginal cost of production is currently below the market price.
Explanation:
The student's question revolves around whether Farmer Lane can increase profits in the short run given that he operates in a perfectly competitive market, with a current market price for cotton at $1.64 per kilogram and a marginal cost of $1.44 per kilogram. Since the marginal cost is less than the market price, Farmer Lane can increase profit by producing more output up until the point where marginal cost equals the market price. Therefore, the correct answer is (d) can increase his profit by producing more output.
In a perfectly competitive market, firms are price takers and cannot increase profit by raising prices, so option (c) is invalid. Farmer Lane would not benefit from shutting down, as he is currently making a profit, which eliminates option (e). Without further information, we cannot determine if there are alternative strategies for profit maximization besides increasing output, which discounts option (b). Finally, since profits can still be raised by increasing production while marginal cost is below market price, option (a) is also not correct.
January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Periodic FIFO inventory valuation method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
Answer:
Cost of goods sold = $340.33
Explanation:
The first in first out (FIFO) method of valuing inventory dictates that the costs incurred in selling inventory are assigned in a chronological order to the cost of goods sold (COGS). The valuation of cost of goods in a periodic system assigns the cost to inventory at the end of the period after the inventory has been counted. The units of good sold comprise the beginning balance of inventory plus the purchases during the year less the closing inventory. Total units purchased throughout the year amount to 67 units (10 + 20 + 15 + 12 + 10). The closing inventory contained 26 units meaning 41 units were sold. The costs assigned to these units is done in a chronological manner:
January : 6 units @ $12/unit ($120/10) = $72
February: 4 units @ 12$/unit + 1 unit @$6.25/unit ($125/20) = $ 54.25
May: 9 units @ $6.25/unit = $56.25
September: 8 units @ $6.25/unit = $50
November: 2 units @ $6.25/unit + 11 units @ $8.666666667/unit ($130/15)
= $107.83
COGS = $340.33 ($72 + 54.25 + $56.25 + $50 + $107.83)
Ending inventory = ($ 140 + $135 + (4 units * $8.666666667/unit ($130/15)))
= $ 309.67
Reconciliation:
$340.33 + $ 309.67 = $ 650 = ($ 120 + $125 + $130 +$135 + $140)
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual return of 10.8 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much do you have to save each month if you wait 15 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How much do you have to save each month if you wait 25 years before you begin your deposits?
Answer:
It all depends on what job you have.
Explanation: If you have a job that pays good, you wouldn't have to save much. If you have a job that barely pays, you will have to save more, remember, bills and house payments would also affect how much you will have to save back.
To become a millionaire upon retirement, one must calculate the monthly savings necessary while considering the annual interest rate and the power of compound interest. Saving earlier allows for a smaller monthly contribution due to growth over time. Delays in starting to save require higher monthly contributions to reach the same retirement goal.
Calculating the monthly savings needed to become a millionaire upon retirement involves using the formula for the future value of an annuity. To solve part a, where you plan to save for 40 years with an annual interest rate of 10.8%, you would use the following equation:
FV = P x ((1+r)^n - 1)/r
Where:
FV is the future value you're aiming for ($1,000,000).
P is the monthly payment.
r is the monthly interest rate (in this case, 10.8% annually means 0.9% monthly).
n is the total number of payments (480 payments over 40 years).
Parts b and c require similar calculations but with fewer payment periods as you start saving later, reducing to 25 years (300 payments) and 15 years (180 payments) respectively. Each delay in starting to save would require a higher monthly payment to reach the same $1,000,000 goal upon retirement due to the power of compound interest.
Remember, starting to save early in life allows you to take full advantage of compound interest. Using the formula for compound interest, it becomes clear how significant the effect of time can be on your savings.
For example, if at age 25, you invest $3,000 at a 7% annual rate, after 40 years, the investment grows to:
$3,000(1+0.07)40 = $44,923
This dramatic increase showcases the importance of early and consistent savings for retirement.
Assume that Fey Company reports the following initial balance and subsequent purchase of inventory. Inventory balance at beginning of year 1,200 units @ $60 each $ 72,000 Inventory purchased during the year 1,800 units @ $90 each 162,000 Cost of goods available for sale during the year 3,000 units $234,000 Assume that 1,900 units are sold during the year. What amount is reported for cost of goods sold using the LIFO method?
Answer: 15,000
Explanation:
15000 amount is reported for cost of goods sold using the LIFO method.
What is LIFO method?LIFO is a method used to account for inventory. Under LIFO, the cost of the most recent products purchased are the first to be expensed. LIFO is used only in the United States and governed by the generally accepted accounting principles (GAAP).
The LIFO method is used in the Cost of Goods Sold calculation when the costs of producing a product or acquiring inventory has been increasing. This may be due to inflation.
LIFO is the opposite of FIFO. Instead of the oldest inventory being considered as sold first, the newest product is sold first. While the factory analogy works for the FIFO, consider a bakery.
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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3-per-share dividend is declared?
Answer:
take 40,000 - 5,000 = 35,000
then take 35,000 x 3 = $ 105,000
Explanation:
Shereen has accidentally overdrawn her checking account this month. Thankfully, she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. Which strategy will NOT help Shereen reduce her monthly expenses?
Answer:
obtaining high interest credit cards or loans to pay off debts won't help Sheeren reduce her monthly expenses.
Explanation:
She needs to create a budget, avoid impulse spending.
Continuing with non-essential purchases, such as eating out and entertainment, will not help Shereen reduce her monthly expenses. Instead, she should consider adopting strategies such as creating a budget, cutting back on non-essential items, cooking at home, and using less energy.
Explanation:In the context of reducing monthly expenditures, a strategy that will NOT aid Shereen is continuing with non-essential purchases such as entertainment, luxury goods, eating out, and other discretionary expenses.
For Shereen to reduce her monthly spending, she should consider strategies such as creating a budget, tracking all her expenses, cutting back on non-essential items, cooking meals at home instead of eating out, lowering utility bills by conserving energy, and possibly picking up a part-time job for additional income.
However, if she maintains her spending on non-essential items, it will not help her in lowering her monthly expenses. Therefore, it's crucial to prioritize needs over wants when trying to reduce expenses.
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Sara is the team leader for the remote coding project team at her hospital. Sara reports to the chief financial officer (CFO). The CFO reports the remote coding team's progress to the board of trustees and maintains overall responsibility for the project. The CFO holds what team role?
A decision involving a choice between internal and external production is what kind of decision?a. sell-or-process-furtherb. make-or-buyc. keep-or-dropd. relevante. special-order
Answer is:
make-or-buy( b.)
You are looking at a one-year loan of $16,500. The interest rate is quoted as 8.7 percent plus two points. A point on a loan is 1 percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. What rate would you actually be paying here?
Answer:
10.7%
Explanation:
2% of the loan value added to the 8.7% of the loan value that you're paying in interest is ...
2% + 8.7% = 10.7%
The effective rate for this 1-year loan is 10.7%.
The actual interest rate paid on a loan of $16,500 at 8.7% interest plus two points is higher than the quoted rate, as the points add an upfront cost to the loan that increases the effective interest rate. To determine the true rate, one must include the cost of the points in the total cost of borrowing.
To calculate the actual interest rate you're paying with the points included, you'd add the upfront cost of the points to the total interest paid over the life of the loan, and then calculate the rate based on the initial loan amount. In this case, if only the quoted interest rate is considered, you'd pay 8.7 percent of $16,500, which is $1,435.50 in interest, over one year. However, including the points, the total cost is $1,435.50 + $330 for a total of $1,765.50. Divide this by the loan amount ($16,500) to get the rate in decimal form and then multiply by 100 to get the percentage. This provides the effective annual interest rate which will be higher than the quoted rate due to the points.
Which of the following is true of middle managers? They establish long-term organizational goals. They are responsible for the performance of all departments. They make specific decisions about the production of goods and services. They are often called supervisors. They are responsible for daily supervision of the nonmanagerial employees.
Answer:
So I just got my first job about 1 month ago they thing about middle managers is that they are about to be managers but their not. and a supervisor is a person the you go to if your sick you want a day off.
An insurance company charges $800 annually for car insurance. The policy specifies that the company will pay $1000 for a minor accident and $5000 for a major accident. If the probability of a motorist having a minor accident during the year is 0.2, and of having a major accident, 0.05, how much can the insurance company expect to make on the policy? (Expected profit)
The expected annual company profit on this policy is calculated as follow:
profit = annual charges - expected payout
= 800-450
profit = 350
The income method is said as a percentage, wherein all costs are first subtracted from sales, and the end result is split through sales. The method is: (Sales - Expenses) ÷ Sales = Profit method. Revenue, additionally recognized certainly as "sales", does now no longer deduct any prices or costs related to working the commercial enterprise. Profit is the quantity of profits that stays after accounting for all costs, debts, extra profits streams, and working prices.
Profit is the cash you've got left after procuring commercial enterprise costs. There are 3 essential varieties of income: gross income, working and internet income. Gross income is biggest. It indicates what cash become left after procuring the products and offerings sold.
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To calculate the expected profit in car insurance, subtract the total payout from premiums collected. The insurance company expects to incur a $350 loss on the policy.
To calculate the expected profit for the insurance company, we need to find the total amount the company expects to pay out and subtract it from the total amount collected through premiums.
Expected profit = (Probability of minor accident x Cost for minor accident) + (Probability of major accident x Cost for major accident) - Annual premium. Substituting the values, expected profit = (0.2 x 1000) + (0.05 x 5000) - 800 = $200 + $250 - $800 = $-350. Therefore, the insurance company can expect to make $350 loss on the policy.
Shawn has paid of his mortgage which payments is he still responsible for making
Answer:
Property tax
Explanation:
Shawn will be responsible for paying property tax even after he has paid off his mortgage.
Property taxes are usually paid as long as an individual owns the home, whether it is paid off or not.
Answer:
The correct answer would be Property Tax.
Explanation:
Mortgages are agreements which are made between the lender and the borrower in which the lender lends money to the borrower and take his property as collateral on a fixed percentage of interest. The borrower has to pay the interest till he gives back the whole borrowed amount to the lender. In this question, When Shawn will have paid the who mortgage back, he will have his property back and then the Property tax will start and this will be the payment he will be responsible to pay after the interest amount of lending the money.
Which of the following are money market instruments? Check all that apply. Common stocks Treasury bills Certificates of deposit Corporate bonds Preferred stocks
Answer: No one of the options but Commercial paper
Explanation: Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days.
Money Market Instruments are financial instruments that are highly liquid and safe for short-term and long-term investments. These securities are either issued by government organizations or by financial institutions.
What are Money Market Instruments?
Treasury Bills are defined as the short-term US government debt obligation, which has the maturity of one year or less and is backed by the Treasury Department. A certificate of Deposit or CD is a simple saving vehicle offered by credit unions or banks. Corporate bonds are defined as the bonds issued by a corporation to raise the financing on operations, market, and research, and to expand the business.
Thus, the treasury bills, corporate bonds, and certificates of deposits are money market instruments.
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Under the Securities Act of 1933, which of the following would MOST LIKELY be included in the definition of an underwriter? a. An agent b. A broker-dealer c. An investment adviser representative d. An issuer
Under the Securities Act of 1933, A broker-dealer would MOST LIKELY be included in the definition of an underwriter.
Assume the following property and equipment footnote was obtained from the Deere & Company's 2016 10-K. Property and Depreciation A summary of property and equipment at October 31 follows: ($ millions) Average Useful Lives (Years) 2016 2015 Equipment Operations Land $79 $75 Buildings and building equipment 25 1,490 1,419 Machinery and equipment 10 2,961 2,870 Dies, patterns, tools, etc 7 1,039 987 All other 5 589 571 Construction in progress 232 156 Total at cost 6,390 6,078 Less accumulated depreciation 4,113 3,966 Total $2,277 $2,112 During 2016, the company reported $636.5 million of depreciation expense (this expense also includes amortization expense relating to computer software that is included with property and equipment). Estimate the percent used up of Deere's depreciable assets.
Final answer:
The percent used up of Deere's depreciable assets in 2016 was 64.47%.
Explanation:
To estimate the percent used up of Deere & Company's depreciable assets, we need to calculate the accumulated depreciation as a percentage of the total cost of assets. In 2016, the total cost of assets was $6,390 million, and the accumulated depreciation was $4,113 million. So, the percent used up of depreciable assets can be calculated as:
Percent used up = (Accumulated depreciation / Total cost of assets) x 100
= (4,113 / 6,390) x 100
= 64.47%
Chuck’s Chops, an upscale steak house, received an invoice for 800 pounds of baking potatoes with a cost of $.85 per pound. The terms are 2 ½ /10, n/30. Chuck was unable to pay the bill in full within the discount period but was able to remit a partial payment of $575.00 within the discount period. How much credit did Chuck receive for his partial payment?
Answer:
Chuck receive $589.74 for his partial payment
Explanation:
Let's begin by doing the definition of each concept:
invoice: commercial document which indicates the products, quantities, and prices in a transaction. It is issued duplicate by the seller, who keeps the duplicate, to the buyer, who retains the original.
commercial terms:
2 1/2 /10 the first term is a discount so it will be 2.5%
the second term refers to the ammount of days this discount will be available. In this case during the first 10 days of the sales.
n/30 n refers to nominal ammount, this means no discount will be apply
here the second term stay also the ammount of days this condition will apply, after 30 days the sale will generate interest.
800 pounts x $.85 each equals to $680
partial payment of $575
if there is a 2.5% discount this means the 575 represent the 1 - 0.025 of the nominal
so $575 payment after discount --> .975
nominal - -> 1
Doing the cross-multiply you get $575/0.975 = $589.74
so resuming the formula will be:
[tex]\frac{PartialPayment}{1-DiscountRate}[/tex]
Chuck receive a credit of $589.74 for his partial payment
The entry In Chuck Accounting will be
Account Payable 589.74 debit
Purchase Discount 14.74 credit
Cash 575 credit
The seller will do the entry like this:
Cash 575 debit
Sales Discount 14.74 debit
Account receivable (CHUCK) 589.74 credit
That's why the question state that Chuck is receiving a credit, because it is the other company which acept the payment and perform this discount
Chuck received a credit of $558.00 for his partial payment.
Explanation:Chuck's Chops received an invoice for 800 pounds of baking potatoes at a cost of $0.85 per pound with terms of 2 ½ /10, n/30. Although Chuck couldn't pay the bill in full within the discount period, he was able to make a partial payment of $575.00 within the discount period. To determine how much credit Chuck received for his partial payment, we need to calculate the discount amount he would have received if he paid in full within the discount period and subtract it from the partial payment. The discounted amount for the remaining balance can then be credited to Chuck's account.
The discount period for the invoice is 2 ½/10, which means that if the bill is paid in full within 10 days, a 2.5% discount can be applied. Therefore, the discounted amount for the full payment would be $0.85 x 800 pounds x 2.5% = $17.00.
Chuck made a partial payment of $575.00, so the credit he received is $575.00 - $17.00 = $558.00. Chuck received a credit of $558.00 for his partial payment.
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Liquidity Management. Bauman Company's total current assets, total current liabilities, and inventory for each of the past four years. Current assets 2012: $16,950. 2013: $21,900. 2014: $22,500. 2015: $27,000. Total current liabilities 2012: $9,000. 2013: $12,600 2014: $12,600. 2015 $: 17,400. Inventory 2012: $6,000. 2013: $ 6,900. 2014: $ 6,900. 2015: $ 7,200. A. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity. B. Comment on the firm's liquidity over the 2012-2013 period. C. If you were told that Bauman Company's inventory turnover for each year in the 2012-2015 period and the industry averages were as follows, would this information support or conflict with your evaluation in part B? Why? Inventory turnover: 2012 Bauman company 6.3. 2013. 6.8. 2014 7.0. 2015 6.4. Industry average: 2012. 10.6. 2013: 11.2. 2014 10.8. 2015 11.0
The current and quick ratios for Bauman Company generally increased over the 2012-2015 period, indicating improved liquidity. However, the company's inventory turnover is consistently lower than the industry average, suggesting less efficiency in managing inventory.
Explanation:The current ratio is a measure calculated by dividing a company's current assets by its current liabilities. It indicates a company's ability to meet its short term obligations. The quick ratio is similar but subtracts inventory from current assets before dividing by current liabilities, as inventory may not be quickly converted into cash.
For Bauman Company, we can calculate the ratios as follows:
Current Ratio 2012 = 16950/9000 = 1.88Quick Ratio 2012 = (16950-6000)/9000 = 1.22
Repeating these calculations for each year and examining the results, we find an overall increase in both ratios over time.
Looking at the inventory turnover (COGS/Inventory), Bauman's seems relatively consistent, yet it's below the industry average, indicating less efficiency in managing inventory.
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Your company is producing a phone with a new video feature. You need to review design specifications with the production company overseas. You don’t want other companies to know about the new video feature before the product hits the market. Why is it important to send a business letter in this situation?
Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.
Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to convey information regarding business activities.
Answer:
a) Business letters can be confidential.
Explanation:
Your company is producing a phone with a new video feature. You need to review design specifications with the production company overseas. You don’t want other companies to know about the new video feature before the product hits the market. 3.Why is it important to send a business letter in this situation? a) Business letters can be confidential. b) Business letters are less persuasive than e-mails. c)Business letters are more likely to be misdirected than e-mails.
Letters are written proof that you have a product that is sensible and is under protection of intellectual property if you haev any problems with the disclosure of the creation of this new technology you have written proof that you knew this was the case and your producer had that information as well, while at the same time business letters can not be hacked an are more confidential than e-mails.
You currently have $7,500 to invest. You can invest the full amount now for a period of 9 years at which time you want to have $15,000. Approximately what rate of return is needed to accomplish this investment goal? 8.01% 7.59% 9.65% 8.50%
the approximate rate of return that is needed to accomplish the investment goal is 8.50%
Claytor Company offers buyers a right of return on all sales of its devices. Claytor sells 200 devices to a buyer and expects that 15 of the devices will be returned. Each device is sold to the buyer for $40. If the buyer returns 8 devices before the end of the year, what amount should Claytor reflect in its Allowance for Sales Returns and Allowances account?
The Allowance for Sales Returns and Allowances account at year end would be $320, which factors in the initially expected returns but also adjusts for the 7 devices not returned as originally anticipated.
Explanation:The Allowance for Sales Returns and Allowances account represents an estimate of the future returns that a company expects. In this case, Claytor Company initially expected that out of the 200 devices sold, 15 will be returned. As each device is priced at $40, this equates to an initial allowance of $600 (i.e., 15 devices * $40 per device).
However, only 8 devices were returned before the year end. This means that 7 of the initially expected returns did not materialize. Therefore, the revised allowance should be reduced by the value of these non-returned devices.
To calculate this, we multiply the 7 devices not returned by the unit price, resulting in a reduction of $280 (i.e., 7 devices * $40 per device). So, the amount that should be reflected in the Allowance for Sales Returns and Allowances account at year end should be the initial allowance of $600 minus $280 which results in $320.
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Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantity supplied, causing the price of tree cutting/removal services to ______ . a. exceed; rise. b. equal; remain unchanged. c. decrease; fall. d. be less than; rise.
Answer:
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''
Explanation:
The quantity sought for tree cutting or removal services is likely to exceed the amount supplied immediately following a hurricane, leading the price of tree cutting/removal services to rise. Option A is correct.
What is quantity demanded?Quantity demanded in economics corresponds to the overall amount of an item or service that people require over a specific interval of time. The quantity requested is controlled by the market price of an item or service.
The quantity demanded means the whole amount of products and services that consumers necessitate or desire and are willing to pay for, during a certain time period.
The price customers are charged for a commodity or service, regardless of whether it is the market equilibrium price, is the most necessary aspect in a demand curve.
Therefore, A is the correct option.
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Henry Crouch's law office has traditionally ordered ink refills 6565 units at a time. The firm estimates that carrying cost is 4040% of the $99 unit cost and that annual demand is about 240240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal places). b) If the true ordering cost turns out to be much greatergreater than your answer to part (a), what is the impact on the firm's ordering policy? A. The order quantity should be increasedincreased. B. The order quantity should be decreaseddecreased. C. The order quantity should not be changed.
Answer:
im saying B just so I can get the points for answering
Which of the following is an example of a positive externality? A. Promoting generic drugs would benefit people. B. A lower inflation rate would benefit most consumers. C. Compulsory flu shots for all students prevents the spread of illness in the general public. D. Singapore has adopted a comprehensive savings plan for all workers known as the Central Provident Fund.
Answer:
C. Compulsory flu shots for all students prevents the spread of illness in the general public.
Explanation:
Positive externality: when a good or service benefits an individual which then improves society.
For example, if an individual is to be educated from school, they receive their own education, but it also benefits society.
Elite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's
Answer:
The answer is a mission statement.
Explanation:
A mission statement usually states what a company aims to achieve – what its main goal for existing is. It is commonplace for corporations of any types and size to have this, since it helps the company both in their strategy-making and operational executions. It also helps the company in determining the type of products and services that they would choose to focus on. A mission statement should be clear and realistic, and achievable in the long run.
Assume the economy is originally in equilibrium at point A. If unusually bad weather leads to decreased production of wheat, corn, and other crops, at which point is the economy most likely to end up?
Answer:the eco will ed up finr
A decision in which a manager needs to determine whether a product line (or segment) should continue or be eliminated is what kind of decision?a. make-or-buyb. relevantc. special-orderd. sell-or-process-furthere. keep-or-drop
Answer:
Sell or Process Further
Explanation:
Another well known website that gives answers gave me that one.
Which of the following is an acceptable response to fraud risks related to sales that were identified in an audit? A. Exercise professional skepticism when performing sales testing.B. Increase the assessment of control risk for sales.C. Increase the assessment of detection risk for sales.D. Perform additional substantive sales procedures on a surprise basis.
Your question asks what is an acceptable response to fraud risks that are related to sales that are identified in an audit.
Answer: C). Increase the assessment of detection risk for sales.The reason why answer choice "C). Increase the assessment of detection risk for sales" is the correct answer is because this is the necessary response to fraud risks in sales. There are many fraud risks that exist when it comes to sales, and this is why companies need to improve their detection risk when it comes to their sales, so that they don't end up dealing with fraud.
An audit is an inspection of someone's account. Fraud risks that are related to sales could be identified in an audit, meaning that someone could find out of there's fraud when they check someone's account. Instead of having someone check someone's audit, it's best for a company or organization to increase their assessment of detection risk so that they can detect fraud in sales more conveniently.
I hope this helps!Best regards, MasterInvestorWhen projecting future cash flows of an investment ________. A. the initial investment is a significant cash outflow that is treated separately from all other cash flows B. cash flows include depreciation C. cash inflows and outflows are treated separately, rather than being netted together D. cash flows are projected by accounting personnel without considering input from other departments
In a sample of Starbucks customers it was found that the number of individual items bought per month at starbucks was 22 with a standard deviation of 20. Assume the date to be approximately bell shaped. Approximately 95% of the time, the number of montly items purchased was between two values A and B. What is the value of b?
Answer:yes
Explanation: