The budget committee in a company is often headed by the

Answers

Answer 1
The answer to this question is External auditors.
Companies often owned by many shareholders that is not involved within the management team of the company.
To ensure full disclosure toward the real situation of company's finance and prevent analytical bias, they need an independent auditor outside the company 

Related Questions

Which of the following are true about retirement? Select all that apply.

1. health needs can cut into retirement funds
2. accidents do not affect retirement funds
3. part of retirement planning includes the costs for things you might need or want
4. retirement planning does not include your personal goals

Answers

I'm pretty sure that it's 3

Which of the following are true about retirement? Select all that apply.

3. Part of retirement planning includes the costs for things you might need or want.

When establishing a retirement fund, it's important to account for items you may need in the future. A retirement fund is set up to help prepare for years down the road when the only source of income is coming from this fund. When you create the fund amount, sit down and decide what you may need or want in the future and budget accordingly so that when retirement comes and necessities or wants are needed, there is not an issue with the money that has been saved.

You have been entered in a free game where you try to guess the roll of a six-sided die. you will win $50.00 if you guess right. what is your expected payoff value? round to the nearest cent.

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in calculating an expected payoff value, we need to compare botht he cost of investment and the projected  earning that we got from that investmet.

In this case the cost of investment is 0 because it's a free game.

Therefore, your expected payoff value would be:

1/6 (percentage of guessing the number correctly) x  $50.00

= $ 8 and 33 cents.

In a matrix organization, each employee reports to a functional and a(n) __________ manager.

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In a matrix organization, each employee reports to both a functional and a project or product manager, blending expertise with responsive project management. This structure can lead to conflicts but also offers flexibility and comprehensive oversight.

In a matrix organization, each employee reports to both a functional manager and a project or product manager. An example of this can be seen in a software development company where business analysts, developers, and testers report to their respective functional department managers for day-to-day operations and to a project manager who provides direction related to specific projects or products they are working on. By doing so, matrix organizations attempt to balance the depth of knowledge that comes from functional structures with the responsiveness and flexibility of project-based structures.

Despite its intended benefits, the matrix structure can create challenges such as conflicts due to the violation of the unity of command principle, leading to potential power struggles among managers and role conflicts for employees. Therefore, it requires effective communication and coordination skills to manage the inherent complexity of this organizational design.

Wilbert's clothing stores just paid a $1.50 annual dividend. the company has a policy whereby the dividend increases by 2.5% annually. you would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. if you desire a 15% rate of return

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I have no clue Im sorry..

​___________ business intelligence is used to bring​ meaningful, performance-related information to all employees.

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Operational business intelligence, also called operational level business intelligence or real-time business intelligence, is used to bring meaningful, performance-related information to all employees. It supports and reflects day to day activities.

Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE? A You can only apply online. B The earliest you can submit your FAFSA application is December 1st. C The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form. D both a & b are true

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The answer is A, B is wrong because you can submit your application starting from October first, also C is correct.

Answer:

The correct answer is letter "C": The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form.

Explanation:

The IRS (Internal Revenue Service) Data Retrieval Tool or IRS DRT stores tax information from the students and fathers who filed taxes so that this data can be sent straight to the Free Application for Federal Student Aid (FAFSA) so the form can be completed.

Muldoon advertising has an opening balance in its supplies account of $2400 and purchases $3000 of supplies during the year. a year-end physical count shows $2800 in supplies inventory. which is the appropriate journal entry at year end?

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aaaaaaaaaaaasssssdddffgghhhj

In​ particular, the author describes inefficient land allocation as a market failure because the market results in a quantity of land to be used for urban development that is

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This came from Microeconomics 4th Edition where it cited Jun Jie Wu an economist made his observations and published it in an agricultural magazine known as Choices. He described market failure and inefficient land allocation as both economic terms in an urban development that did not meet expected growth creating an unbalance situation between the consumers and producers.

Market failure is a used term to describe that the producer was not able to produce the right products or the customers aren't able to buy enough products that would make the business profitable or good for both. Inefficient land allocation can add up to reasons of having market failures when it makes the business release more expenses than profit.

What does the purchaser of a product obtain besides the good service or idea itself?

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A buyer of a manufactured good not only obtains the good itself, amenity, or awareness, but also receives good after-sales services that aid in handling and increasing products efficiently. Providing this kind of services are important to the capability of the business to uphold fruitful relations as well as marketing mixes by creating continuous growth in products and over market research. Providing excellence after-sale deal encourages the goodwill of the business. This competence lets customers not to use money for maintenances for 1 or 2 years of warranty period.

Answer:

1 or 2years

Explanation:

Availability or having a product in stock is a primary distribution concern for convenience products
a. True
b. False

Answers

True

As the name suggests, convenience products are made for people's convenience, and so it is not surprising to note that they must be in relatively high demand. This high demand for the product means that there is the possibility of running low in supply if the current available stock is not enough to meet the demands. Therefore, having these products in stock regularly and consistently can become a primary distribution concern indeed. 

Q 7.5: a small business owner has two employees but each employee has a separate cash register drawer. this situation can be viewed as

Answers

Supporting establishment of responsibility

Establishment of responsibility is an important characteristic of internal control in a business to safeguard its assets and enhance the accuracy and reliability of its accounting records. This involves assigning responsibility, including authorizing and approving transactions, to specific individuals, because control is more effectively accomplished when only one person is given responsibility to do a certain task.

When it comes to making a good impression in a work setting,?

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Your handshake and outward appearance rule every single other component of your appearance. A firm handshake with great eye to eye connection conveys self-assurance. Handshaking is a type of nonverbal correspondence that says a great deal in regards to a man. For instance, an overwhelming handshake can show predominance or control. A frail handshake can show uncertainty, lack of engagement, timidity, and reserved quality. A cumbersome handshake shows apprehension or an absence of social abilities, which thus thinks about believability.

When fermentation units are operated with high aeration rates?

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Aeration is a controlled parameter in the fermentation to create desirable environment and surrounding to the microorganisms involved. While it aids the growth of the microorganisms by giving the nutrient, oxygen, this is also able to minimize the production of other undesirable or byproducts such as H2S. 

If aeration is too much, this would cause overgrowth and overpopulation of the microorganisms. One of the results of the latter is the scarcity of other resources found in the medium. 

Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold 9 cars, for a total of $8,870 dealer profit. how much did she earn in commission?

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Okay. So Joan receives 25% commission on the profits of the cars she sells. She got $8,870 on the profit last month. To find the commission, let’s multiply the amount of profit by the percentage. 8,870 * 0.25 is 2,217.5. There. Joan earned $2,217.50 in commission last month.

The commission that Joan would reap out of profits of  $8,870 to the dealer would be $2,217.50.

What is the commission?

Commission is defined as the payment that is usually extended when the sales representative gains extra money as per the extra number of sales they make.

How the commission would be calculated?

The commission is given 25% on profits of $8,870 when 9 cars are sold.

Therefore, the commission would be computed as below:

[tex]8,870 * 0.25\\=2217.5[/tex]

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Plastics net, hospital network.com, textile web, and ebay business are all examples of

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e marketplaces i think 

The correct answer is B2B (Business-to-Business) e-commerce.

Plastics Net, Hospital Network.com, Te-xtile Web, and eBa-y Business are all examples of B2B (Business-to-Business) marketplaces.

These online platforms facilitate transactions between businesses, providing a space for companies to buy and sell products and services to one another.

Each marketplace serves specific industries or needs, connecting suppliers with buyers in a streamlined and efficient manner.

The hospital administrator is interested in sending reminder letters to the oldest 15% of accounts. how many days oold should an account be before a letter is sent?

Answers

Data should be collected to determine the age of the accounts. Once the data is collected letters should be sent to the accounts that are 28 days or more overdue. That has allowed the account holders a month to make payment.
Final answer:

The hospital administrator needs to find the 85th percentile of account ages. Letters need to be sent to accounts that are as old or older than the account age at the 85th percentile.

Explanation:

The question revolves around the concept of percentiles, which are measures used in statistics to understand the relative standing of a value within a data set.  If the hospital administrator wants to send letters to the oldest 15% of accounts, then he/she is interested in finding the 85th percentile of account ages because everything above that value makes up the oldest 15% of accounts. In order to find this value, the accounts would need to be sorted from youngest to oldest. The account at the position that marks 85% of the way through this sorted list would be the cut-off. Therefore, an account needs to be as many days old as the age of the account at this 85th percentile position before a letter should be sent.

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Clear, ambiguous acceptance criteria for all deliverables are important because they are the basis for verifying that the project scope has been completed in accordance with the customer's requirements and expectations. false true

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This statement is false. Ambiguous acceptance criteria would be unclear, as the word ambiguous implies that the criteria is unclear and can be interpreted multiple ways. Clear, unambiguous acceptance criteria would ensure that the customer's requirements were only interpreted how they were expected.

While recruiting the sales force, sales managers prefer salespeople who:​?

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Sales managers prefer salespeople who, 1) have initiative, 2) are charismatic, 3) are hard workers, and 4) responsible. A sales manager would not want to hire a person who is not willing to put in work to make a sale or will come off unprofessional or otherwise rude. Friendly, charismatic people make sales: not rude, unprofessional slobs.
Final answer:

Sales managers prefer salespeople who possess key personality traits such as a positive attitude, being a team player, adaptability, reliability, and being hardworking. They want candidates who can contribute positively to their team and adapt to the dynamic nature of the sales industry.

Explanation:

Sales managers prefer salespeople who possess certain key personality traits in addition to the skills and experience needed for the job. Some of these traits include:



Positive attitude: Employers look for candidates who have a positive attitude and are optimistic about their work. They want someone who can maintain enthusiasm and motivation even in challenging situations.Team player: Salespeople need to work well with others, as they often collaborate with colleagues, stakeholders, and customers. Being able to communicate effectively, listen actively, and contribute to group success is important.Adaptability: The sales industry is dynamic and ever-changing. Salespeople who can adapt to new situations and embrace change are highly valued. They should be open to learning and evolving their strategies to meet the needs of the market.Reliability: Sales managers want salespeople who are dependable and trustworthy. This includes being punctual, meeting deadlines, and following through on commitments.Hardworking: Sales is a challenging field that requires perseverance and determination. Employers seek candidates who are willing to put in extra effort and go above and beyond to achieve their goals.



For example, if a sales manager is recruiting for a cosmetics company, they might prefer candidates who have a genuine interest in beauty products, are knowledgeable about current trends, and have excellent communication and persuasion skills. On the other hand, if a sales manager is recruiting for a summer camp for chronically ill children, they might prioritize candidates who are compassionate, patient, and understanding.

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Explain how a mixed economy is a mixture of command and pure market economy.

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A mixed economy can accurately describe virtually every economy in the world in 2017. A mixed economy is one in which there are elements of the economy controlled by market forces, and elements that the government plays a direct role in.

A pure market economy is one which the economy is run entirely by free market forces. The government has no role in regulation, subsidies, or any other action that would affect these forces. The success and failure of companies, the quantity of goods produced and the price of those goods, are 100% determined by the free market. 

A command economy, on the other hand, is one in which the government manages virtually every aspect of the economy, and the free market is not allowed to naturally determine quantity and prices of any product. The USSR attempted to administer a command economy in its earlier years, and realized how tremendously complex and difficult this task was.
 
A mixed economy, such as those in the United States or China, is a broad term to define an economy that exists between these two extremes, where both government involvement and free market forces play a role in the economy.

Dog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their dogs from barking. local governments address this problem by
a. subsidizing local animal shelters.
b. making it illegal to "disturb the peace."
c. encouraging people to adopt cats.
d. having a well-funded animal control department.

Answers

b.making it illegal to "disturb the peace"

Final answer:

Local governments commonly address noise pollution from barking dogs by enacting noise ordinances or laws against disturbing the peace rather than through indirect methods like animal shelter subsidies or promoting cat adoption.

Explanation:

The question presented deals with how local governments can address the issue of noise pollution caused by barking dogs. When dog owners do not bear the full cost of the noise their pets create, they may take too few precautions to prevent this disturbance. Local governments may choose several approaches to mitigate this issue. One such approach is by making it illegal to 'disturb the peace', essentially enacting and enforcing a noise ordinance to address the negative externality of noise. This bears similarity to how other local issues, such as the negative externality caused by loud music or parties late at night, are managed through direct regulation or ordinances rather than through more indirect means like taxation or subsidies.

Comparatively, subsidizing local animal shelters, encouraging people to adopt cats, or having a well-funded animal control department are less direct methods for dealing with noise issues specifically and do not constitute a direct attempt to curb the problem of excessive dog barking. The most pertinent and direct approach to reduce noise generated by barking dogs in the community is thus to pass ordinances requiring noise control, such as making it illegal to disturb the peace.

Mr. mahara, the plant manager at a large manufacturing facility, is interested in watching his workers in order to identify the factors that affect employees' productivity. however, he knows that due to the _______ effect, workers might behave differently if they are aware they are being observed.

Answers

However, he knows that due to the "Hawthorne" effect, workers might behave differently if they are aware they are being observed.


The Hawthorne effect is a term alluding to the inclination of a few people to work harder and perform better when they are members in an investigation. The term is regularly used to recommend that people may change their conduct because of the consideration they are accepting from specialists instead of in light of any control of autonomous factors.  

The Hawthorne effect has been broadly talked about in brain science reading material, especially those gave to mechanical and hierarchical brain science. Notwithstanding, a portion of the later discoveries propose that huge numbers of the first cases made about the impact might be exaggerated.

You want to have $25,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. required: if the account pays 4.75 percent interest, what amount must you deposit each year?

Answers

FVA=C{[(1+r)^t-1]/r}

$25,000=$C[(1.0475^8-1)/0.0475]

We can now solve this equation for the annuity payment.:
C=$25,000/9.46
C=$2,641.55

The time (in minutes) between telephone calls at an insurance claims office has the exponential probability distribution:

Answers

Answer:

2

Explanation:

The formula states f(x)= 1/μ е⁻ˣ/μ

1/μ = 0.5

cross multiply and make μ the subject of the formula

μ = 2

The producer is spending as little as possible per item produced. what word describes that kind of cost management?

Answers

Efficient Scale is the answer you are looking for
This kind of cost management is called budget planning. Budget planning is first identifying the sources of your income and considering all current and expected expenses, with a purpose to meet your financial goal. Its primary objective is to ensure that you will have savings after allocating the expenses. 

The bronco corporation exchanged land for equipment. the land had a book value of $122,000 and a fair value of $154,000. bronco paid the owner of the equipment $12,000 to complete the exchange which has commercial substance.

Answers

Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000

Answer:

Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000

Explanation:

Can you finance a car the car then becomes ___ for the loan

Answers

--------------------------------------------------------------------- i dont know

When financing a car, the vehicle serves as collateral for the loan. Leasing is another financing method offering lower monthly payments by only requiring amortization on the vehicle's deprecation during the lease term rather than its full price.

When you finance a car, the car then becomes collateral for the loan. The financing rate can vary with market interest rates, and auto manufacturers may offer lower rates to facilitate the sale of specific car models. When considering financing options, it is important to get a dealer quote on financing your car.

From an economic perspective, an alternative to purchasing is leasing your car. Leasing has benefits like substantially lower monthly payments which can assist with cash flow. Unlike purchasing, where you pay interest and amortize the cost over the term of the loan, with leasing, you pay interest and amortize only the difference between the car's purchase price and its residual value after the lease term ends.

In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.

Answers

Because in a perfectly competitive market, the sellers have to fluctuate how much their product cost based on how the majority of how products like his or hers sell for in or around his or her area of business.

The reason why sellers in a perfectly competitive market have no control over price is that they need to compare their price with other seller.

What is competitive market?

A competitive market is a market structure that doesn't allow single consumer or producer to make decision about the market.

In this market seller needs to compare their price and product with other seller before making decisions.

Therefore, competitive market does not allow a single entity to make decision.

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Smoltz company had $375,000 of current assets and $135,000 of current liabilities before borrowing $90,000 from the bank with a 3 month note payable. what effect did the borrowing transaction have on the amount of smoltz company's working capital?

Answers

The borrowing transaction WILL INCREASE THE WORKING CAPITAL OF SMOLTZ COMPANY BY $90,000.00.
Working capital is defined as the amount of a company's asset that can be converted into cash in the near future, taking into account the payment which has to be made. Borrowing money increases the amount of working capital that a company has.

Cindy wants to open a retail store in the mall where she can sell a few carefully selected lines of women's clothing. if cindy opens her shop, what kind of store would it be considered?

Answers

In my opinion, Cindy would open a specialty store, because she wouldn't sell just any kind (of all kinds) of women's clothes, for all women to shop there. She would carefully pick a few lines, she wouldn't have too many products, and her products wouldn't be too cheap. Her main concern would be customer satisfaction.

Ron shaich is describing how he and his team evaluated their different businesses and sold off some of them. according to the bcg matrix, which portfolio category should be analyzed for possible sale?

Answers

Bjbbjbvvh. BFF nice. Job mv no n

Answer:

The dogs is the correct answer.

Explanation:

The name of the BCG Matrix comes from Boston Consulting Group, which created this framework to evaluate the strategic position of the business brand portfolio and how it may grow or not. This framework also classifies business portfolio into four categories: dogs, cash cows, stars, and question marks. Dogs are low-growth, weak-competitive-position business that won't help the company.

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