Answer:
The correct answer is the option A: True.
Explanation:
To begin with, noneconomic groups are the ones that do not persuit economic profits but instead they seek for the common good and the improvement of the social communties regarding subjects such as the environment and more. Moreover, these groups tend to be bigger than the other ones but less effective and less powerfull as well due to the fact that they do not manage money and therefore they do not have influence or powerful contacts to make thins happen properly, instead they encourage people to act by letting them know the truth about controversial topics and therefore is that these groups commonly will be less powerful than the ones that do manage money.
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, noneconomic groups are the ones that do not persuit economic profits but instead they seek for the common good and the improvement of the social communties regarding subjects such as the environment and more. Moreover, these groups tend to be bigger than the other ones but less effective and less powerfull as well due to the fact that they do not manage money and therefore they do not have influence or powerful contacts to make thins happen properly, instead they encourage people to act by letting them know the truth about controversial topics and therefore is that these groups commonly will be less powerful than the ones that do manage money.
a customer holds 1000 shares of abc stock valued at 80 in a margin account. the debit balance in the account is 35000. abc declares and pays a 20 percent stock dividend. the tax consequence of the distribution to the investor will be:
Answer:
Reduction of the cost per share
Explanation:
Based on the Internal Revenue service (IRS) we have that the stock dividens can't be taxable when anyone recieve it.
If we analyze the statement makes sense because the shareholder not recieve money from the market or the company ABC on this case, and we have appreciation just as a possibility.
So based on this info the stock dividens will be reduced if we analyze the costs per share. So then we need to have a decrease on the cost basis for the customers.
Intentionally making any false or materially inaccurate representation or comparison of two or more policies which induces any person to lapse, forfeit, surrender, or not take, a policy of insurance is known as:_________
Answer:
twisting
Explanation:
Twisting is considered a first degree misdemeanor, and the people responsible for committing twisting can be fined up to $5,000 (if it was unintentional), or up to $75,000 for each intentional violation.
Misdemeanors are crimes so they also affect a person's legal status, even though they do not carry any jail time.
Match the following definitions with the correct term
1. Delocalization of food production and consumption connections
2. The process of learning culturally specific preferences passed from generation to generation
3. Products produced in distant parts of the world are eaten in another country
4. The movement of populations from one country, region, or location to another
5. Technological advances that lead to the production of food commodities
A. Globalization
B. Modernization
C. Urbanization
D. Migration
E. Enculturation
Answer:
1 = C
Urbanisation results in delocation of food production and consumption connections.
2 = E
Enculturation means learning culture specific preferences transfered from generation to generation.
3 = A
Globalisation enables products to travel long distances to other parts of the world.
4= D
Migration refers to the movement of people and populations from one region to another,
5= B
Modernization results in the production of food commodities through technological advances.
The balance of payments LOADING... A. can be either positive or negative, depending on the statistical discrepancy. B. is positive since we spend much more on foreign goods and services than on domestic goods and services. C. is negative since we spend much more on foreign goods and services than on domestic goods and services. D. is always zero.
Answer:
A. can be either positive or negative, depending on the statistical discrepancy.
Explanation:
The balance of payments is a tool in international trade that demonstrates the financial transaction made by a particular country with foreign countries. It i most often includes export, import and transfer payments.
Theoretically, it should be zero as a country's assets should equal the liabilities. However, in practice, that is not always the case, as the country's debits and credits can create a discrepancy in the balance of payments, which creates a surplus or deficit.
Final answer:
The balance of payments is a record of a country's transactions with the rest of the world which is always in balance, as deficits or surpluses in the current account are offset by the capital account.
Explanation:
The balance of payments is a comprehensive accounting record of all transactions between the residents of a country and residents of foreign countries over a particular period. The correct answer to the student's question is D.
The balance of payments is always zero because it includes not just the current account, which accounts for trade in goods and services, but also the capital account, which includes investments and loans. Any imbalance in the current account is offset by a corresponding surplus or deficit in the capital account, ensuring the overall balance.
For example, if more monies are flowing out of the country to pay for imports, the current account becomes more negative or less positive — this is a deficit. Conversely, if more money flows into the country, say from exports or investments, the current account becomes less negative or more positive — a surplus. Thus, when discussing the balance of payments, it's important to understand that any deficit or surplus in the current account is balanced by a corresponding surplus or deficit in the capital account.
In summary, the balance of payments is always zero, reflecting the economic reality that every financial outflow must be matched by an inflow of equal value, whether it's goods, services, or capital movements. This understanding demystifies the concept of a 'favorable' or 'unfavorable' balance of payments, as these terms only make sense when looking at individual components, such as the current account or capital account, in isolation.
Techniques for controlling the cost of labor in services include accurate scheduling of labor hours to assure quick response to customer demand, on-call labor for unexpected demand, flexibility of labor skills for reallocation of available labor, and flexibility in rate of output or hours of work to meet changing demand. Select one:
A. True
B. False
Answer:
A) True
Explanation:
The most common way to control the cost of labor in services is to reduce overtime costs since overtime work is paid at a much higher rate (1.5 times normal wage per hour).
You can reduce overtime work by having a flexible labor force that can deal with changing customer demand.
Flexible work schedules, the 4/40 workweek, job sharing, and home-based work are all examples of what the text calls a. alternative work arrangements. b. work redesign plans. c. organizational modifications. d. goal-setting theory issues. e. behavior modification plans.
Answer:
a.
Explanation:
alternative work arrangements.
When a firm has _____ its long-run average total costs decrease with increased output
Answer:
The correct answer is economic of scale.
Explanation:
Economies of scale refers to the situation where, as the quantity of output goes up, the cost per unit goes down.
This is due to fact that fixed cost allocated to unit decrease with increase in production. In other words fixed cost is fixed in total but variable per unit and variable cost is fixed per unit but variable in total.
For example a company produce product A having variable cost of 10 dollars per unit and fixed cost of the company is 100 dollars. So if company produce one quatity of A than its total cost will be 110 dollars and per unit cost will be the same but if company produce two units of A its total cost will be 120 dollars but per unit cost will be decrease to 60 dollars. (120/2)
One of the potential benefits of the borrowing that creates national debt is the ___________ that it can create if the money is invested wisely in public projects.
a) inflation (excessive right shift in AD)
b) economic growth (expanding PPF)
c) deflation (excessive left shift in AD)
d) none of the above
Answer:
b) economic growth (expanding PPF)
Explanation:
The national debt is the total amount of money that is owed by the government.
If money borrowed is invested wisely it can lead to economic growth. If money borrowed is used poorly, it can increase inflation.
I hope my answer helps you
One recent development in generating new product ideas is for a company to invite broad communities of peoplelong dashsuch as employees, customers, and even the public at largelong dashinto the innovation process. This is known as __________.A. test marketingB. crowdfundingC. intrapreneurial idea generationD. crowdsourcingE. concept testing
Answer: (D) Crowd-sourcing
Explanation:
The crowd-sourcing is basically refers to the sourcing model that allow the business for performing various types of tasks fastly as compared to the individual employee.
The crowd-sourcing is one of the efficient method for doing work as it divided the project into the different parts and then distribute the responsibility according to the employee skills and capability for performing various types of function and tasks.
It is basically developed for generating various types of ideas for develop the new products and the services in an organization. Therefore, Option (D) is correct.
Indifference curves close to the origin are ________ those farther from the origin because of ________.
Indifference curves close to the origin are worse than those farther from the origin because of non-satiation.
Explanation:
Whenever the indifference curve becomes convex to the origin, MRS reduces as more X replaces K. A smarter the replacement of both products is, the pretty close the indifference curve gets to the straight line such that the indifference curve is a direct line whenever the two products are a good replacement.
The presumption that the indifference curve packs are far away from the origin of the bundle is preferable to bundles pretty close to the origin. A disclaimer, the curves of indifference do not overlap. The expectation of categorical imperatives means that IC is unable to cross.
Indifference curves close to the origin are lower than those farther out because further curves represent higher satisfaction levels. They indicate more goods and are tied to the principle of diminishing marginal utility.
Explanation:Indifference curves close to the origin are lower than those farther from the origin because of the higher level of satisfaction. Indifference curves represent different combinations of goods that give a consumer equal satisfaction. The farther an indifference curve is from the origin, the higher the level of satisfaction (utility), as it indicates larger quantities of goods. This is due to the principle of diminishing marginal utility, which states that as a person increases consumption of a product there is a decline in the marginal utility that person derives from consuming each additional unit of that product.
Learn more about the Indifference Curve here:https://brainly.com/question/32705949
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Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?a. Brenda must follow all of Jim's instructions
b. Brenda has violated the fiduciary duty of obedience to Jim.
c. Brenda could be liable for a breach of the listing contract terms.
d. Brenda has not violated any fiduciary duty
Based on Brenda's reaction to Jim's instructions, we can infer that d. Brenda has not violated any fiduciary duty.
The Fair Housing Act of 1968 prohibits one from discriminating against people with children when it comes to renting houses.
If Brenda had listened to Jim's instructions, Brenda would have been in violation of federal laws which would have meant a violation of fiduciary duty.
In conclusion, Brenda did not violate her fiduciary responsibility so option D is correct.
Find out more about the Fair Housing Act at https://brainly.com/question/930986.
Final answer:
Brenda could be liable for a breach of the listing contract terms.
Explanation:
The correct statement is c. which states that Brenda could be liable for a breach of the listing contract terms. In a real estate transaction, the agent has a fiduciary duty to act in the best interests of the client and follow their lawful instructions. However, fair housing laws prohibit discrimination based on familial status, which includes families with children. By refusing to market the home to families with children, Brenda would be in violation of fair housing laws and the terms of the listing contract, potentially making her liable for legal action.
The aggregate demand curve shifts when there are changes in:
a. the inflation rate.
b. planned spending that are not caused by changes in output or the inflation rate.
c. planned spending that are caused only by changes in output or the inflation rate.
d. real GDP.
Answer:
a. the inflation rate.
Explanation:
The aggregate demand curve shifts when there are changes in the inflation rate because when inflation rises, purchasing power declines and real spending falls which implies that Aggregate Demand falls.
This change (rise) in the rate of inflation causes the Aggregate Demand curve to shift toward the left.
What is a disadvantage for exporting firms that use foreign-based independent distributors?
a. little influence regarding cultural diversity
b. incompatible brand adaptation systems
c. lack of control over pricing strategy
d. difficult to monitor exchange rates
Answer:
Correct answer is (C)
Explanation:
Lack of control over pricing strategy.
Foreign-based independent distributors otherwise known as overseas distributors are responsible for buying your goods and selling to them to overseas market and in turn you may lose control of the way your products are marketed, priced and sold.
Whether two goods are substitutes or complements can be determined by computing the.
Answer: cross price elasticity of demand
Explanation:
The cross price elasticity of demand measures the changes in quantity demanded of one good when the price of another good changes.
Substitute goods are goods that can be used instead of another good e.g. coke and pepsi. The cross price elasticity for substitutes is usually positive because an increase in price of one good increases the quantity demanded of the other good.
Complementary goods are goods that have to be consumed or used together. E.g. car and gas. The cross price elasticity for complementary goods are usually negative because an incease in price of one good leads to fall in the quantity demanded of the other good.
I hope my answer helps you
Yum! Brands is the result of a spin-off by PepsiCo, where it sold its fast-food chains KFC, Taco Bell, and Pizza Hut. Do you consider this spin-off successful? Why or why not? Explain
Answer:
Yes, the spin off was successful.
With the major segments of fast food being sandwich chains, pizza chains, family restaurants, dinner houses, chicken chains, and more each Yum restaurant needed to be placed into their own niche. They also started using multi-branding and putting the brands in the same building. This allowed one location to draw in a more diverse crowd of consumers while offering them more variety and covering the other brands weak points.
Reason for their success.
PepsiCo, when spinning off these fast food chains, openly stated “restaurants weren't our schtick.” I.e the company presented themselves themselves to media that restaurants isn't focus. Before the spin off KFC, Pizza Hut, and Taco Bell often acted as their own entities and competed with each other resulting in lowered sales for all of the restaurants. With the spin off of Tricon the restaurants were unified with the sharing of many resources and using their collective clout, as one of the top five brands, to get better deals on ingredients all the restaurants share. Their concentrated focus allows them to be greatly effective in entering new markets such as Asia
Analyst 1 suggested that the demand curve for newspapers in Baltimore might have shifted to the right because people were becoming more literate. Think of two other plausible stories that would result in this demand curve shifting to the right.A. The demand curve for newspapers in Baltimore would shift to the right if income levels in the area are rising, since we expect newspapers to be a normal good.B. Fewer substitutes for newspapers would shift the curve to the rightlong dash perhaps television broadcasting is shifting away from news programs and toward reality shows.C. If the population of Baltimore is shrinking, it would shift the demand curve to the right.D. A and B only.E. A and C only.
Answer:
(D) A and B only
Explanation:
Two other plausible stories that could shift the demand for newspapers to the rights are:
A: If income levels are rising (and given that newspaper is a normal good). Due to this reason, we would expect more people in Baltimore who before now, were not buying newspaper due to their low income, to begin to buy, thus shifting the demand curve to the right.
B: fewer substitute. When the populace have no viable alternative to get news daily, more people are likely to buy newspaper, thus shifting the demand curve to the right.
Option C is incorrect as a shrinking population will translate to reduced demand resulting in a shift of the demand curve to the left.
Final answer:
The demand curve for newspapers in Baltimore shifts right if income levels rise and if there are fewer substitutes for newspapers, but not due to a shrinking population. Therefore, the correct answer is D. A and B only.
Explanation:
Two plausible stories that would result in the demand curve for newspapers in Baltimore shifting to the right are:
Rising income levels: If income levels are increasing, people have more discretionary funds. Since newspapers can be considered a normal good, demand for them tends to increase when income rises. Hence, the demand curve would shift to the right.Fewer substitutes: If there are fewer substitutes for newspapers because other media, such as television, is providing less news content and more entertainment like reality shows, people may turn back to newspapers for their news. This would increase the demand for newspapers and shift the demand curve to the right.On the contrary, a shrinking population would likely lead to a decrease in demand, thus shifting the demand curve to the left, as there would be fewer people to purchase newspapers. Therefore, the correct answer to which scenarios would cause a rightward shift in the demand curve for newspapers in Baltimore is D. A and B only.
A company has a $4,000, 270-day, 6%, note payable recorded on its books which was dated July 2, 2013. The interest expense is paid when the note matures. How much interest expense must be accrued on December 31, 2013, which is the end of the accounting period? Assume a 360-day year, use the exact number of days in your calculations, and round your answer to the closest penny.
Answer:
Interest expense accured = $121.33 (
Explanation:
The exact number of days from July 2 through December 31, 2013 is 182 days.
The accrued interest (182/360) x $4,000 x 6% = $121.33
If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a _____ share of the market, and consumers will consider her strawberries and her competitors' strawberries to be _____. Therefore, _____ advertising will take place in this market. large; differentiated; extensive large; standardized; no small; differentiated; no small; standardized; little or no
Answer:
small; standardized; little or no
Explanation:
A perfect competition is when there are many firms in an industry selling standardised or identical goods and services. It is characterised by many buyers and sellers . Sellers have small market share because of the large number of sellers in the market. Prices are usually set by market forces. Sellers cannot influence the price their products sell for , therefore, they are price takers.
There is little or no need for advertising as all firms sell identical goods.
I hope my answer helps you.
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:
a. Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results.b. The employer may encourage or deny participation of workers.c. Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.d. The research study's finding could affect an employee's pay, benefits, or promotion potential.e. All of the above
Answer:
e. All of the above
Explanation:
All options are possible certainly. The unions have the right to ask the employees to participate with the expectation that entitlement may follow from the study results. The study results are certainly going to ensure entitlement. Also, the employer might encourage or deny the participation of the workers as this is management work. It is on the employer that he allows or denies the employee from taking part in the meeting. Also, the employee might be pressurized by the management to take part in the study as the employer perceives the study are advantageous to the organization. This is a certainty as well, an employer might see profit in this. And the studies will affect the employee's pay, benefits as well as the promotion potential. The meeting is certainly going to increase employee's pay as well as provide him various benefits, and there are chances of promotion as well. Hence, all the options are correct.
A house is closed on May 15. HOA dues are $108 per month and are due and payable on the first day of each month. The HOA dues will appear on the closing statement as.
Answer:
The $59 amount is credited to the seller
Explanation:
Since in the question, it is given that the HOA dues per month are $108 and the house is closed on May 15. And this HOA dues will pay on the first day.
So, in the given case, the calculation is presented below:
Since the house is closed on May 15 and as we know that in May month there are 31 days so, from May 15 to May 31 there are 17 days
So, for one day, the due is
= $108 ÷ 31 days
= 3.48
And, for 17 days, it will be $59 and the same is to be credited to the seller and debited to the buyer
In 2016 the Bureau of Labor Statistics reported that there were 62.2 million people over age 25 whose highest level of education was a high school degree or equivalent. Of these, 33.7 million were employed and 1.8 million were unemployed. What were the labor-force participation rate and the unemployment rate for this group?
a. 54.2% and 2.9%
b. 54.2% and 5.1%
c. 57% and 2.9%
d. 57% and 5.1%
d. 57% and 5.1%
Explanation:
Labor force participation:
Total population above 25 years: 62.2 million
Employees : 33. 7 million
Unemployed: : 1.8 million
labor force = employed + unemployed
=33.7 + 1.8 million = 35. 5 million
percentage of labor force= 35.5/62.2 x 100
= 57.0739
=57%
percentage of unemployed= unemployed/labor force x 100
= 1.8/35.5 x 100
=5.07
=5.1 %
Suppose that the cost of operating a 100-room hotel for a night is $10,000, whether or not there are any guests are the hotel. Suppose that there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $30 and the customer is willing to pay $60 for the night, the hotel manager should____________.
A. rent the room because the marginal benefit exceeds the marginal cost.
B. rent the room because the marginal benefit exceeds the average cost.
C. not rent the room because the marginal benefit is less than the marginal cost.
D. not rent the room because the marginal benefit is less than the average cost.
Answer: The correct answer is "A. rent the room because the marginal benefit exceeds the marginal cost.".
Explanation: If the marginal cost of operating one room for one night is $30 and the customer is willing to pay $60 for the night, the hotel manager should rent the room because the marginal benefit exceeds the marginal cost.
The hotel manager should always rent the room while the marginal benefit is greater than or equal to the marginal cost.
Final answer:
The hotel manager should rent the room because the marginal benefit of $60 that the customer is willing to pay exceeds the marginal cost of $30 to operate the room for one night, thereby increasing the hotel's profit.
Explanation:
If the cost of operating a 100-room hotel for a night is $10,000 and there are 5 empty rooms for tonight, with the marginal cost of operating one room for one night being $30, and the customer is willing to pay $60 for the night, then the hotel manager should rent the room because the marginal benefit exceeds the marginal cost.
This decision is based on the marginal decision rule which suggests comparing the marginal cost to the marginal benefit. If the marginal benefit exceeds the marginal cost, the action will add to the firm's profit. In this case, the marginal cost is $30 and the marginal benefit, which is the price the customer is willing to pay, is $60. Therefore, renting the room would add $30 to the hotel's profit per room. This is similar to the way a firm would decide to hire an additional worker if the worker's contribution to revenue (marginal revenue product) is greater than the cost of hiring the worker (marginal factor cost).
Maya, who lives in California, just purchased her first home at a Trustee’s foreclosure sale. She was given a deed at the sale. What type of deed was she given?
Answer: Trustee's Deed
Explanation: A trust deed in immovable property in the Americas refers to a legal instrument used to develop a significant stake in the immovable property under which legal title in capital assets is diverted to a trustee holding that as security for such a loan between a creditor and perhaps a lender.
From the perspective of the investor, a document of trust has a vital benefit as compared to a mortgage. If a borrower fails to pay on the loan, on part of the lender, the trustee has the right to repossess the land. Thus, from the above we can conclude that Maya would have been given a trustee's deed.
Colortrigon Company makes a variety of paper products. One product is 30 lb copier paper, packaged 3,000 sheets to a box. One box normally sells for $20. A large bank offered to purchase 6,000 boxes at $15 per box. Costs per box are as follows:Direct materials $6Direct labor 2Variable overhead 2Fixed overhead 3No variable marketing costs would be incurred on the order. The company is operating significantly below the maximum productive capacity. No fixed costs are avoidable.If Colotrigon accepts the order how much will its income increase or decrease by?
Answer:
Colortrigon's income will increase by $30,000 if the order is accepted.
Explanation:
Revenue = $15 per box x 6,000 boxes = $90,000
minus direct materials = $6 per box x 6,000 boxes = ($36,000)
minus direct labor = $2 per box x 6,000 boxes = ($12,000)
minus variable overhead = $2 per box x 6,000 boxes = ($12,000)
increase / decrease originated from special order = $90,000 - $36,000 - $12,000 - $12,000 = $30,000
Fixed costs are not included in calculating differential revenue from special orders.
Consider the following: Lumber Revenues, $120,000; Hardware Revenues, $90,000; Cost of Sales, $130,000; All other costs and expenses, $35,000; Investment Income, $8,000; Income Tax Expense, $13,000; Net Income, $40,000. What is the net profit margin?
Answer:
19.05%
Explanation:
Data provided in the question:
Lumber Revenues = $120,000
Hardware Revenues = $90,000
Cost of Sales = $130,000
All other costs and expenses = $35,000
Investment Income = $8,000
Income Tax Expense = $13,000
Net Income = $40,000
Now,
The net profit margin = [( Net income) ÷ (Total revenue ) ] × 100%
or
The net profit margin = [ $40,000 ÷ ( $120,000 + $90,000 ) ] × 100%
or
The net profit margin = [ $40,000 ÷ $210,000 ] × 100%
or
The net profit margin = 0.1905 × 100%
or
The net profit margin = 19.05%
The financial records for Harold Corporation included the following information: Accounts receivable, $60,000 Accounts payable, $25,000 Cash, $15,000 Common stock, $10,000 Dividends, $5,000 Rent expense, $10,000 Sales revenue, $75,000 Salaries and wages expense, $20,000 Based on this information, how much was its net income?
Answer:
=$45,000
Explanation:
Net income = sales revenues - Expenses
For Harold Corporation;
sales revenues = $ 75,000
Expenses = Rent income $ 10,000
Salaries and wages expenses $20,000
Total expenses = 10+20= $ 30,000
Net income = $75,000- $30,000
= $45,000
Dividends, common stocks, accounts payable, and accounts receivables are not expenses relating to income-generating activities of the business; hence do not appear in the income statement.
Stephen (an HIM coding manager) has been tracking Gina’s coding productivity and quality over the past several months. Gina has experienced increasing variances in her work performance and is not meeting the coding benchmarks in terms of productivity or quality. Stephen has been sharing the data with Gina on a regular basis and Gina promises she will improve. Stephen realizes that Gina’s work is becoming substandard and is not meeting the coding area standards. Stephen will need to initiate an employee.
Answer:
Performance Improvement Plan
Explanation:
A performance improvement plan is a structured document saying any ongoing performance problems together with the targets which a worker needs to maintain in order to restore the business's good standing (typically with a specific timeframe for achieving the plan).
Gina is failing to meet her coding benchmarks, so Stephen has to regulate her work.
When an individual is put on the performance improvement plan, the employer and Management are likely to meet you to go over it and respond to questions you might have.
Inkglot Technologies, a medium-sized corporation, is allowed to have only 35 stockholders at any point of time. However, all stockholders of the company can actively participate in the management of the company while still maintaining limited liability. Given this information, Inkglot Technologies is most likely a(n):A. S corporation.
B. C corporation.
C. not-for-profit corporation.
D. statutory close corporation.
Answer: (D) Statutory close corporation
Explanation:
The statutory close operation is one of the type of corporation in which the the organization are basically based on the various statutory formalities.
This corporation mainly allow the Article of an organization that operate various types broad of director in the corporation.
The main advantage of the statutory close corporation is that it include the liability limitations where the shareholder in an organization does not face any problem regarding the debts.
Therefore, Option (D) is correct.
Maryann is implementing a new release of information (ROI) tracking system for her ROI clerks to utilize. She met with the vendor and the contract is pending until the legal department provides its final stamp of approval. Maryann is wondering what she should do next to introduce the process changes that need to take place and how she is going to manage the whole process. Maryann needs to develop a strong ______________________ plan in order for this process to be accepted by the HIM staff and for the entire project to be adopted smoothly.
A. negotiation
B. collaboration
C. conflict management
D. change management
Answer: Maryann needs to develop a strong change management plan in order for this process to be accepted
Explanation: Change management involves all the processes in transitioning from a known system to a desired future system in an organisation.
Since Maryann is looking to implement a new release of information (ROI) tracking system, a change management plan is the best tool to develop.
Alton Co. had a cash balance of $32,300 recorded in its general ledger at the end of the month, prior to receiving its bank statement. Reconciliation of the bank statement reveals the following information:
Bank service charge – $15
Check deposited and returned for insufficient funds check – $120
Deposit recorded in the general ledger as $258 but should be $285
Checks outstanding – $1,800
After reconciling its bank statement, what amount should Alton report as its cash account balance?
Answer:
$32,432
Explanation:
Cash balance per cash book $32,300
Bank service charge (15)
Returned check 120
Correction of Deposit 27
Adjusted cash balance per general ledger 32,432
The bank charge will be recognized as a credit in the cash account. The returned check had been credited before and will be debited back to reverse the earlier treatment.
Additional deposit of $27 will be recognized in the books being the difference between $258 that had been recognized and $285 the actual amount.
The outstanding checks of $1,800 will not be adjusted for as the transactions are valid.