Answer:
Save additional $17,500 or reduce disbursement by that much
Explanation:
The cash budget of the company would be as follows:
May 31 owed to be bank ($15,000)
June 1 opening cash balance $12,000
June expected cash receipts $30,000
June expected cash disbursement ($34,500)
Net cash flow at the end of June (excluding bank): $7,500
Net cash flow (including bank): $7,500 - $15,000 = ($7,500)
Thus, the company will be owing the bank $7,500 by the end of June.
To maintain the minimum $10,000 positive balance with the bank, the company would need to payback the $7,500 which will be owed by the end of June, and make additional deposit of $10,000.
Total deposit required = $7,500 + $10,000 = $17,500.
This can be achieved by reducing expected disbursement by $17,500 or via other means.
________________ invested or made loans with 95 percent of the deposits that were being held..
°GoldsmithsCorrect
°John Keynes
°Ben Bernanke
°David Ricardo
°Goldsmiths
Answer:
(European) goldsmiths
Explanation:
European goldsmiths (Italian goldsmiths were the first) formulated a principle that only 5% of deposits were needed in reserve at any particular time, therefore they could lend 95% of the gold they held in deposit.
Goldsmiths would rent space in their vaults that allowed other people to keep their gold in a safe place. That led to transactions were notes indicating the amount of gold deposited would be traded instead of trading gold itself.
Eventually goldsmiths discovered that they could trade (lend) more money than the amount of gold they held in deposits, inventing fractional reserve banking.
Banks subject to reserve requirements set by the Federal Reserve System include:
a. only banks with assets less than $500 million.
b. all banks whether or not they are members of the Federal Reserve System.
c. only nationally chartered banks.
d. only banks with assets less than $100 million.
Answer:
b. all banks whether or not they are members of the Federal Reserve System.
Explanation:
Banks subject to reserve requirements set by the Federal Reserve System includes all banks from commercial banks to savings banks, to savings and loans banks, credit agencies and also all foreign banks with branches in the United States.
____________ involves planning the selling program and implementing and evaluating the personal selling effort of the firm. The tasks involved in managing personal selling include setting objectives; organizing the salesforce; recruiting; selecting; training and compensating salespeople; and evaluating the performance of individual people.
Answer: Sales management
Explanation:
The sales management is basically refers to the sales technique in which the various types of practical applications are developed in an organization for management of the sales operation.
By using the sales management technique we can easily implement various types of sales technique for coordinating the sales operation.
It basically involve various types of selling program and also helps in evaluating the products for the purpose of personal selling. It also helps in organize the sales force in an organization.
Therefore, Sales management is correct answer.
The described process involves business strategies for planning, implementing, and evaluating a company's personal selling efforts, which includes salesforce management, training, and performance evaluation.
Explanation:The process being described involves planning the selling program and implementing and evaluating the personal selling effort of the firm, which falls under the scope of business, specifically sales and marketing. Crucial tasks in managing personal selling include establishing objectives for sales teams, structuring the sales force, recruiting, selecting, and training salespeople, determining compensation schemes, and critically assessing sales performance.
Part of the process also includes creating systems to identify training and development needs, as well as developing employee selection systems that ensure candidates are well-matched with job requirements. This extends to designing and running training programs, evaluating their effectiveness, and being involved in the overall strategic planning of marketing campaigns. Such elaborate planning of personal selling is essential for the effective deployment of sales strategies, ensuring a well-prepared sales force, and the achievement of organizational sales targets.
The increased use of the Internet presents a lot of potential for which types of businesses?
Answer:
Local businesses, SME's and International businesses
Explanation:
The era of the internet has provided the work to integrate and create more opportunities for the business to grow and improve. More importantly, the internet has created a pathway for small businesses, local businesses, and small businesses to grow and expand globally. The internet has also helped businesses to set up their operations globally and locally to attract more markets and consumers.
Ortiz is a manager of BRS Corp. Ortiz's division did not meet financial targets this year. Ramirez, manager of another division, has indicated that Ortiz's division incurred significant costs which resulted in Ramirez's division setting record profits for the year. As a result, performance for BRS as a whole exceeded projections. Which of the following pairings of organizational structures for BRS and bonus for Ortiz is most plausible?A. Cooperative structure; no bonus due to failure to meet divisional targetB. Competitive structure; no bonus due to failure to meet divisional targetC. Cooperative structure; a bonus for increasing organizational performanceD. Competitive structure; a bonus for increasing organizational performance
Answer:
C) Cooperative structure; a bonus for increasing organizational performance
Explanation:
Since apparently Ortiz's bad performance actually helped Ramirez and the whole organizational to exceed expected profits, then he should also receive a bonus for his participation in increasing the company's profits.
I'm not sure how this can happen, maybe the company operates two supermarkets and since Ortiz's supermarket operated really badly, then Ramirez's supermarket exceeded expected sales.
During 2019, Jasmine (age 12) received $6,500 from a corporate bond. She also received $600 from a savings account established for her by her parents. Jasmine lives with her parents and she is their dependent. What is Jasmine’s gross tax liability? (Use the Estates and trusts and Tax rate schedules.) Multiple Choice $0 $812 $110 $922
Answer:
$922
Explanation:
Jasmine's taxable income = $6500 + $600 - $1100
= $6000
Jasmine's net unearned income is lower of taxable income
= $7100 - $2200
= $4900
tax on unearned income = 260 + 24%(4900 - 2600)
= $812
remaining income is taxed at parent's rate
= 10%(6000 - 4900)
= $110
total tax liability = 812 + 110
= $922
Therefore, Jasmine’s gross tax liability is $922.
Given the market for illegal drugs, when thegovernment is successful in reducing the flow ofdrugs into the United States,
A. demand decreases, supply is unaffected, and price decreases.B. supply decreases, demand is unaffected, and price increases.C. demand and supply both decrease, leaving price essentially unchanged.D. supply decreases, demand increases, and price increases substantially.
Answer:
b
Explanation:
A broker desires to keep an escrow account in an interest bearing account. Would this be legal?
Answer:
the correct answer is YES
Explanation:
All parties agree and get in writing who and where the money is going
GOOD LUCK
Milton Friedman’s famous maxim, paraphrased: The social responsibility of business is to?
Answer: make a profit
Explanation: According to Milton Friedman, a famous economist, a business' main responsibility is to make a profit. This 1970 statement is still widely debatable today. He further goes on to say that a business prioritises its existing shareholders above other stakeholders. He is thus claiming that the aim of any business is to maximise returns for shareholders. Once their needs of profit maximisation are met, then the shareholders can then decide which social initiatives to involve themselves in, instead of hiring someone specifically in charge of deciding this for them.
In terms of maintaining credibility, the most important quality to convey when delivering bad news is_______________.
Answer:
Truthfulness
Explanation:
A credible news organization is an organization that conveys truthful, verified information, ideally without biases. For example, Reuters is one of the most credible organizations because they do not editorialize information: they simply convey it as it is.
Negative news should not be used to promote hidden agendas against something or someone, because if the agenda is discovered, the credibility of the news organization will take a hit.
Which of these is a measure of risk to reward earned by an investment over a specific period of time?
A. Coefficient of variation
B. Market deviation
C. Standard deviation
D. Total variation
Answer:
The correct answer is A. Coefficient of variation.
Explanation:
Coefficient of variation is the risk of an asset or portfolio per unit of return.
Coefficient of variation = Standard deviation/ Return
Lower the coefficient, better it is.
If portfolio have same return but different risk or same risk but different return then inventor will prefer portfolio with
higest return at a given level of risk orLowest risk at given level of returnIf portfolio have different returns with different risks, then protfolio with lower coefficient of variation is preferred.
The Coefficient of variation is the measure that best represents the risk to reward ratio for an investment over a specific time period.
Explanation:Among the options provided, the measure risk to reward earned by an investment over a specific period of time is best represented by the Coefficient of variation (Option A). The coefficient of variation is calculated by dividing the standard deviation of the investment's returns by the mean (expected value) of those returns.
This statistic provides information on the degree of variability in relation to the average return, thus reflecting risk in comparison to the potential reward. Option B, Market deviation, is not a commonly used term in this context. Option C, Standard deviation, measures the variability of returns, but does not directly relate it to the reward. Lastly, Option D, Total variation, is a broad term, and not one that specifically measures risk to reward ratio.
An individual bank will lose reserves to another bank when a check is written and deposited at the second bank.A) True B) False
Answer:
False
Explanation:
As our government gave the right to banks to question any queries regarding another bank details if the transaction is being processed. All the information that are needed from the bank to withdraw the money and deposit the money should be given to analyse whether the person will return the fund on given time. It is useful in getting suitable knowledge about that person and banks can also communicate about the coming problems and what pros and cons they might be facing in coming years so that they can be warned.
Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current replacement cost of $400. How much loss should Switzer, Inc., record for the year?
Answer:
Loss on the computers will be $1600
Explanation:
We have given number of computers = 8
After two year each computer has a cost of $600 and originally retailed for $900
And current replacement price = $400
We have to find the loss
Now cost of 8 computers = 8×600 = $4800
Replacement cost of 8 computers = 8×$400 = $3200
So loss will be equal to = $4800 - $3200 = $1600
So loss on the computers will be $1600
A licensee using a franchise trade name, or advertising as a member of a cooperative group, must clearly and unmistakably indicate in the advertisement adjacent to any specific properties advertised for sale or lease in any media: -the licensee's name -broker or firm name and:_________
Answer:
The correct answer is: firm telephone number.
Explanation:
Whenever a licensee uses a broker or firm to grant his or her operations, details of that broker or firm (name and local phone number) must be publicly provided so, in front of misleading practices or hesitation about the licensee, investors can reach the franchise to find out more information on this person or even file claims when suitable.
A brokerage firm holding 4 earnest money deposits, and 15 security deposits for managed single-family residences must have a minimum of how many trust accounts?
Answer:
at least 3 accounts
Explanation:
Once a broker starts to manage at least seven properties, the broker needs to have at least two accounts: one for operating funds and the other for security deposits.
This brokerage firm should have at least three accounts, one for holding earnest money deposits and the other two for holding security deposits.
Some states require that brokers maintain one specific trust account for holding rent revenue from every single property that they manage.
Final answer:
A brokerage firm typically needs a minimum of two trust accounts, one for earnest money deposits and one for security deposits, to comply with regulatory requirements against commingling of funds.
Explanation:
The question pertains to the number of trust accounts a brokerage firm must have when holding earnest money deposits and security deposits. The requirement for the number of trust accounts a brokerage firm should have is not determined by the number of deposits held, but rather by the regulations of the local real estate commission or financial regulatory body.
Typically, these regulations would require separate trust accounts for different types of funds to avoid commingling, which means one trust account for earnest money deposits and one for security deposits, making a minimum of two trust accounts necessary. However, it is always essential to adhere to the specific regulations of the jurisdiction in which the brokerage operates.
Gonzales Company has developed an integrated system that coordinates the flow of all goods, services, and information into and out of the organization, working with raw material vendors as well as customers to improve service and reduce costs. The firm is said to be using
The Options are :
a) participative management.
b) top-down management.
c) strategic cost management.
d) supply chain management.
e) management by objectives (MBO).
Answer : D - supply chain management.
Explanation:
Supply chain management means managing the flow of goods and services with the intention of maximizing customer value as well as competitive advantage in the marketplace.
Tom is managing a project team responsible for erecting a new office building. He notices that team members are trying out different behaviors to see what is acceptable to the project and personal relations.
Which stage of development is the team in?
A. Norming
B. Storming
C. Performing
D. Adjourning
E. Forming
Answer:
E. Forming
Explanation:
It was Bruce Tuckman who formulated model of team stage as Forming, Storming, Norming, and Performing. During Forming stage, team members struggle to establish basic rules and explore the sort of behaviors that are acceptable. The team also tries to find out performance expectations. From stranger to a collective group, the team tries to recognize each other. In case of Tom's project team, members show different behaviors in order to establish personal relations.
Answer:
forming
Explanation:
it is the initial step that need to be execute to have good formation of business team. it is the stage in which every individual contact to each other to know about their expectation, their way of taking challenges.
it is that key step that only who mark the footpath for successful organisation. it can also refer as information gathering stage where all information that is needed to pull organisation to the next level is collected
In decision-making, ______ bias refers to the tendency to notice information that agrees with what we know.
Answer: confirmation bias
Explanation: Confirmation bias refers to the tendency to find, perceive, support, and remember data in a way that asserts somebody's previous beliefs and analysis.
It is a form of cognitive dissonance and a deliberate intuitive rationale mistake. Individual show this prejudice while storing or mistakenly recalling data or presenting it in a biased manner.
Confirmation biases lead to stubbornness in personal convictions and, throughout the presence of contradictory evidence, may sustain or reinforce beliefs. Wrong decisions were observed in national and institutional settings due to these prejudices.
Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,000. It is estimated that it will be good for 5,000 hours. Compute the depreciation expense for the first year using the units-of-activity method of depreciation assuming the generator was used for 1,040 hours.
Answer:
2080 dollars
Explanation:
Given that Cardinal Industries purchased a generator that cost $11,000
cost of generator = 11000
Estimated life = 5 years
Residual value =1000
Hours =5000
Depreciation per unit hour = (Cost - residual value)/total lifetime hours
=[tex]\frac{11000-1000}{5000} \\=2[/tex]
For first year the generator was used for 1,040 hours.
Hence depreciation to be charged in I year
= [tex]1040(2)\\=2080[/tex]
answer is 2080 dollars.
Every state has a single coordinating structure which is modeled after the FEMA structures.
Answer:
False
Explanation:
All states have laws that describe the responsibilities of state government in dealing with emergencies and disasters. Almost every state has an emergency management organization, although their name and structure may vary from state to state. But regardless of the name or structure that the state emergency management organization has, its responsibilities are the same.
When a hazardous material and a non-hazardous material are entered on the same shipping paper document, the hazardous material(s) entries must _______________.
Answer:
See the description as below
Explanation:
First we would see that the proper shipping name is the key to determine how packages for hazardous materials are selected, marked, and labeled; the vehicle is correctly placarded; and the shipment is correctly documented. Proper shipping name is the standard technical name to describe the hazard properties and the composition of dangerous goods. You need to choose a UN number (usually, 4 digits) and a proper shipping name from Dangerous Goods.
The basic description of a hazardous material includes the Identification Number, the Proper Shipping Name, Hazard Class and Packing Group (when applicable). This information is required to be placed on the shipping paper in a specific order
An easy way to remember the sequence is to use the acronym “ISHP”: I-Identification Number, S-Proper Shipping Name, H-Hazard Class or Division, and P-Packing Group.
For a hazardous substance shipment, the letters 'RQ' must be entered on the shipping paper. Enter 'RQ' before or after the basic description for each hazardous substance. If the material contains two or more hazardous substances, at least the two hazardous substances with the lowest 'RQ' must be identified. RQ means Reportable Quantity, when a hazardous material is being shipped in a reportable quantity of greater, the shipper must display the letters RQ must be displayed on the shipping paper
Hazardous materials entered on the same shipping document with non-hazardous materials must be specifically identified, described, and classified. They should be listed according to their names and hazard classifications as per the United States Department of Transportation and EPA rules. If the hazardous material is a waste, its type should be specified.
Explanation:When a hazardous material and a non-hazardous material are entered on the same shipping paper document, the hazardous material(s) entries must be specifically identified, described, and classified.Title 40 of the Code of Federal Regulations (CFR) in section 261 provides four lists (the F, K, P and U lists) of hazardous materials. These hazardous materials must be listed according to their specific names, and their hazard classification as per the United States Department of Transportation and EPA's hazardous waste regulations. Alongside this, if the hazardous material is a waste, whether it falls under listed, characteristic, or mixed wastes also needs to be specified.
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Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to?
Answer:
Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to make decisions as to whether to alter or continue the strategic vision of the organization, strategy, objectives or execution methods.
Explanation:
Identify the inventory costing method best described by each of the following sepatate statements. Assume a period of increasing costs.
1. Yields a balance sheet inventory amount often markedly less than its replacement cost.
2. Results in a balance sheet inventory amount approximating replacement cost.
3. Provides a tax advantage (deferral) to a corporation when costs are rising.
4. Recognizes (mulches) recent costs against net sales.
5. The preferred method when each unit of product has unique features that markedly effect cost.
Answer:
1. Yields a balance sheet inventory amount often markedly less than its replacement cost. LIFO
2. Results in a balance sheet inventory amount approximating replacement cost. FIFO
3. Provides a tax advantage (deferral) to a corporation when costs are rising. LIFO
4. Recognizes (mulches) recent costs against net sales. LIFO
5. The preferred method when each unit of product has unique features that markedly effect cost. WEIGHTED AVERAGE
Explanation:
1. LIFO yields a balance sheet inventory amount often markedly less than its replacement cost. The reason is because the in a period of rising costs, since the last stock of goods bought are sold first, this will result in the remaining stock of goods to be of lower costs as they had been bought at an earlier date at a cheaper rate.
2. FIFO results in a balance sheet inventory amount approximating replacement cost because the first set of goods purchased are sold first; and if the assumption holds that costs are rising with time, then the balance stock of goods would have been bought at a later date at a higher cost, hence the value of the balance (ending) inventory will be almost equal to its replacement cost.
3. LIFO provides a tax advantage (deferral) to a corporation when costs are rising because it results in a lower ending inventory value since the more expensive inventory has been sold. Hence, the closing stock and Net income will be low and income tax will be low.
4. LIFO matches recent costs against net sales because the 'cost of sales' are made up of the recent purchases which are sold first
5. The preferred method when each unit of product has unique features that markedly effect cost is the WEIGHTED AVERAGE because it calculates the average period cost of all goods in stock and apportions the total to individual items.
Small businesses that are just getting off the ground often have problems with the difference between cash coming into the business and cash going out of the business. For example, if the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly.
That’s why all businesses must keep a careful watch on their ________.
A. recording processes
B. asset summarization
C. advance payment accounts
D. cash flow
If the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly. That’s why all businesses must keep a careful watch on their cash flow. Thus, option D is correct.
What exactly is cash flow?
A cash flow is a physical or virtual movement of money: a cash flow in its narrowest sense is a payment, particularly from one central bank account to another; the term 'cash flow' is most commonly used to describe the flows of cash in the business.
Cash flow management entails tracking the money that enters your business and comparing it to the money that leaves, such as bills, salaries, and property costs.
When done correctly, it provides a complete picture of cost versus revenue and ensures you have enough funds to pay the bills while also profiting.
Therefore, option D is correct.
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According to public choice theorists, people behave differently in the public sector and the market sector because:
A. their motivations are different.
B. they are different kinds of people.
C. the two sectors have different institutional arrangements.
D. All of the above
E. None of the above
Dollar bills in the modern economy serve as money becauseA.they have value as a commodity independent of their use as money.B.they are backed by the gold stored in Fort Knox.C.people have confidence that others will accept them as money.D.they can be redeemed for gold by the Federal Reserve.
Answer: The answer is C.people have confidence that others will accept them as money.
Explanation:
Dollar bills in the modern economy serve as money because C.people have confidence that others will accept them as money.
What is Dollar bills?Dollar bills serves as a term that describes the use of Dollar currency to pay bills even out of the country that use dollar as the local currency.
Therefore, in the modern economy people respect the dollar currency abd use it as datum.
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A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common stock. The stock is currently priced at $36 per share. By what percent does the stock price have to rise to make conversion potentially attractive?
Answer:
22.22%
Explanation:
Currently Rainbow's stocks are priced at $36 per stock.
If the holder can convert his $1,100 bond into 25 stocks, that means that each stock should be worth at least $44 (= $1,100 / 25).
So the current stock price should increase by $8 (= $44 - $36) in order for a trade to be attractive, $8 represents a 22.22% increase (= ($8 / $36) x 100)
Which represents the hierarchical structure of a Google Analytics account from top to bottom?
Answer: Account > Property> View.
Explanation:
Account: It is the access point for analytics, an organization can own more than one analytic account. In order to be able to access analytics and identify the property to be traced, at least an account is required.
Property: A property could be a website, device or a mobile application. An account could have more than one property, when a property is added to an account a tracking code is generated by analytics, this code can be used to receive data from that property. The tracking code has a unique identity, this identity helps to trace the data to that property.
View: It is the access point for reports. Before a user can view a report, there must be access which will be based on that view's data. Analytics creates the first view for a property when it is added to an account.
Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted. The estimated depletion expense for this year’s extraction of 2,790,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
Answer:
$462,094
Explanation:
Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.
Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625
Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094
According to the level of authority delegated to the agent, the usual real estate agency is a(n)____________.
Answer:
limited agency
Explanation:
According to the level of authority delegated to the agent, the usual real estate agency is a(n) limited agency.
in limited agency the one person called agent perform legal activities like sign contract on behalf of other person called principal
Final answer:
According to the level of authority delegated to the agent, the usual real estate agency is a(n) general agency.
Explanation:
According to the level of authority delegated to the agent, the usual real estate agency is a general agency. In a general agency, agents have the authority to perform a range of acts necessary to manage a certain business of the principal.
Real estate agents often operate under a mix of salary and commission, meaning they are compensated for their services through a fixed salary and a variable component based on the sales they facilitate. This structure aligns with the agents' duties to act in the best interests of their principals, whether that involves advocating for the property's sale, negotiating prices, or finalizing contracts on behalf of the principal.