Suppose physical capital per worker increased to $60,000 between 1990 and 2000 and output per worker increased by $45,000 over the same time period. What percentage of productivity growth can be attributed to growth in total factor productivity? Round your answer to two places after the decimal
Sandra kristof sells furniture for mckinney furniture company. kristof is having financial problems and takes $650 that she received from a customer. she rang up the sale through the cash register. what will alert megan mckinney, the controller, that something is wrong?
Internal control over the cash receipts:
Cash receipts over the counter is a point of sale terminal that provides control over the cash receipts. The control on the cash receipts over the counter can be made as follows –
For preventing the theft by the clerks:
- After entering the transaction, the cash drawer opens and the machine records it.
- At the end of the day the manager compares the cash with the machine records and it can prevent the theft by the clerk.
For preventing the theft by the accountant:
- The recorded data on the machine tape then goes to the accountant for recording the accounting transaction
- It records the journal entry for cash receipt and sales revenue. These even helpful to get rid of the oversight by the manager.
This is one of the methods through the process of the separation of duties through which the internal control in the cash payments over the counter can be done.
In the given case the cash difference at the cash in the drawer and as per the machine records shows that something went wrong. So by using the above internal control procedure, the fraud made by the controller can be found
What will alert Megan McKinney, the controller, that something is wrong is the closing cash balance will not tally.
Further explanationSandra Kristof sells furniture for McKinney Furniture Company. Kristof is having financial problems and takes $650 that she received from a customer. She rang up the sale through the cash register.
Requirement
1. What will alert Megan McKinney, the controller, that something is wrong?
Cash receipts over the counter is the cash register that provides control over the cash receipts. A receipt is issued to ensure that each sale is recorded. At the end of the day, a manager proves the cash by comparing the cash in the drawer against the machine's record of sales.
In this case, the cash balance at hand will be lower by $650 as calculated by the amount of sales. This is because he has taken the cash after ringing up the sales through the cash register.
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Grade: 9
Subject: business
Chapter: the sale through the cash register
Keywords: Cash receipts over the counter, mckinney furniture company, the sale, the cash register, the controller
Suppose a farmer in georgia begins to grow peaches. he uses $1,000,000 in savings to purchase land, he rents equipment for $ 100 comma 000 100,000 a year, and he pays workers $ 100 comma 000 100,000 in wages. in return, he produces 150 comma 000 150,000 baskets of peaches per year, which sell for $ 4.00 4.00 each. suppose the interest rate on savings is 4 4 percent and that the farmer could otherwise have earned $ 45 comma 000 45,000 as a shoe salesman.
Research an example of a monopoly in the United States economy, past or present. Construct a brief explanation of the monopoly and its impact on the market. Your response should be about three hundred words. Use primary and secondary sources, and cite them.
An example of a monopoly that existed in the United States in the past is the Carnegie Steel Company.
This company was created by Andrew Carnegie in 1892. The main purpose of the company was to manage steel mills in the Pennsylvania area. The company was extremely successful as it was able to control supply of steel. This prevented free-market competition and therefore allowed Carnegie Steel Company to set the national price for steel.
An example of physical capital would be: a truck a worker buys for personal use like hunting, going to work, or going to the beach. a worker who physically learns to work on a truck his company buys. a truck a company purchases for work. a truck a company purchases for work, a worker who physically learns to work on a truck his company buys, or a truck a worker buys for personal use like hunting, going to work, or going to the beach.
Physical capital or just capital is defined in economics as a factor of production or inputs consisting of computers, machinery, buildings, and the like. To answer our question, an example of physical capital is a truck a company purchases for work because it is an input that can be used in the production. A truck a worker buys for personal use is not considered physical capital but a personal need; a worker who physically learns to work on a truck his company buys is not a physical capital but a human capital; same with a worker who physically learns to work on a truck his company buys.
How would you characterize the strategy for competing internationally that ford was pursuing prior to the arrival of alan mullaly in 2006? what were the benefits of this strategy? what were the costs? why was ford pursuing this strategy?
1. Prior to the arrival of Alan Mullay, Ford was following a strategy of offering products that were modified as per the tastes and preferences of the local market. It did not pusrue a strategy of standardization. For Ford, the focus was to meet the particular demands of local consumers. The benefits of this strategy was that particular tastes and preferences of loacl consumers were satisfied by producing models with different specifications for different markets. For example, Americans love SUVs and trucks while Asian and European consumers have a preference for fuel efficient cars. This strategy helps Ford to cater to all the different needs.
In terms of costs, such a stratgey increased the production and operations costs as the economies of scale could bot be achieved. Further advantages of standardization like common parts, sharing of development costs could not have been reaped by Ford, thus increasing costs. Ford was pursuing this strategy due to the autonomy of different regions within Ford's organization.
2. With the One Ford initiative, Mullay is trying to create car platforms that can be used accross the globe without any need for modifications and customizations. The benefits of this strategy is that development costs will be shared among different markets, common parts can be procured for a car model and eventually economies of scale can be achieved. For example, small cars like Focus will have the same set of requirements accross the globe and can be standardized easily. In terms of drawbacks, Ford will not be able to cater to regional nuances in the taste of customers belonging to different markets.
3. The One Ford initiative does not imply that Ford will now disregard national and regional differences in demand. It will merely cut down the number of platforms that stands at 15 currently to around five platforms. Minor modifications will be allowed under the platform and these minor modifications will ensure that national and regional differences in demand is satisfied. This is specially the case for smaller cars like Focus, or the Escape SUV.
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True or false? A debit card is similar to a credit card because both are used a a method of buy now, pay now
You are comparing spatial ability scores for four groups. you find that the f statistic for your test is 4.01, and the cutoff value you identified prior to your analysis was 3.45. do you reject or fail to reject the null hypothesis and what, if any, other steps do you need to take?
Logisticians and engineers who perform sustainment analyses should have a basic understanding of operations, system missions and profiles and the system capabilities.
Final Answer:
Yes, logisticians and engineers involved in sustainment analyses should possess a fundamental understanding of operations, system missions and profiles, and the capabilities of the system.
Explanation:
In the realm of sustainment analyses, a comprehensive grasp of operations is crucial for assessing the ongoing functionality and logistical requirements of a system. Operations encompass the day-to-day activities and functions of a system, and understanding these intricacies is essential for logisticians and engineers to develop effective sustainment strategies. This involves not only a macro-level comprehension of the overall system but also a micro-level understanding of individual components and their interdependencies.
Moreover, familiarity with system missions and profiles is imperative for sustaining operational effectiveness. Logisticians and engineers need to align their efforts with the system's intended purpose and operational parameters. This involves analyzing the system's mission objectives and profiles, ensuring that the sustainment plan is tailored to support and enhance the system's performance in alignment with its designated functions.
Furthermore, an in-depth knowledge of the system's capabilities is crucial for devising sustainable and efficient logistical plans. Logisticians and engineers must be well-versed in the technical specifications, limitations, and potential enhancements of the system. This knowledge forms the basis for optimizing maintenance schedules, supply chain management, and other sustainment activities, contributing to the overall effectiveness and longevity of the system.
In conclusion, a holistic understanding of operations, system missions and profiles, and the capabilities of the system is indispensable for logisticians and engineers engaged in sustainment analyses. This knowledge enables them to formulate tailored and effective sustainment strategies, ensuring the continued operational success of the system.
Which type of visual should you use to display stock prices over time?
Molly and steve are married and live in texas. molly earns a salary of $50,000 and steve owns a rental property that gives him $35,000 of income. if they filed separate tax returns, what amount of income would steve report?
Final answer:
Steve would report his personal income of $35,000 from rental property on his separate tax return. Marginal tax rates apply to the last dollar of income and vary for individuals and married couples, often favoring couples with lower rates for the same income level.
Explanation:
If Steve and Molly file separate tax returns in the state of Texas, Steve would report his rental property income as his individual income. Since Molly's earnings are her own and Texas is a community property state, income earned by one spouse is considered equally owned by the other spouse. However, for federal income tax purposes, Steve would be expected to report only the income generated from his rental property unless they are filing jointly. Therefore, Steve would report the $35,000 of rental income he earned from his property.
When discussing marginal and average tax rates, the marginal tax rate refers to the rate at which the last dollar of Steve's income is taxed, and the average tax rate is the total tax paid divided by the total income. If we refer to the IRS tax brackets for the respective years and depending on updates, individuals might have different marginal tax rates based on their income levels. Assuming the IRS's progressive tax system where higher income is taxed at a higher rate, the marginal tax rate for individuals can vary between 10% to 35%. The marginal rate for a married couple might be different from that of single individuals. Typically, married couples enjoy a lower marginal tax rate on the same amount of income as compared to single filers, to support the economic stability of families.
3. According to the National Automobile Dealers Association, a single dealership may employ people with as many as 57 different A. salaries. B. specialists. C. job titles. D. technicians.
According to the National Automobile Dealers Association, a single dealership may employ people with as many as 57 different jobs. A single dealership requires different workforce to accomplish the job therefore even an single dealership would result to employment of the people with different kind of jobs.
The kiwanis club sold citrus fruit to raise money for their scholarship fund. a box of oranges costs $21 and a box of grapefruit costs $27. they sold 747 boxes of citrus for a total of $18,003. how many boxes of grapefruit did they sell?
Answer:
346 boxes of grape fruit
Explanation:
In order to solve this we are going to create a simple system of equations, the number of boxes of oranges will be represented with the letter Y and the number of boxes of grape fruit will be represented with the letter X:
21y + 27x= 18,003
x+y=747
x=747-y
Now we insert that into the first equation:
21y-27(747-y)=18,003
-6y=18,033- 20169
-6y=-2166
y=-2166/-6
y=361
We know that the kiwanis club sold 361 boxes of oranges, now we inster that value into our second equation to solve for the boxes of grapefruit:
x=747-y
x=747-361
x=386
SO they sold 386 boxes of grapefruit.
Which sequence correctly summarizes the accounting process?
a. journalize transactions, prepare a trial balance, post to the accounts
b. post to the accounts, journalize transactions, prepare a trial balance
c. journalize transactions, post to the accounts, prepare a trial balance
d. prepare a trial balance, journalize transactions, post to the accounts?
The correct sequence for the accounting process is to journalize transactions, post to the accounts, and then prepare a trial balance (option c). These steps ensure that transactions are recorded accurately and balances correctly.
The accounting process involves several steps that are carried out in a specific order. The correct sequence in the accounting process is first to journalize transactions, which is the process of recording the transaction in the company's journal, or the 'book of original entry'. The next step is to post to the accounts. This means transferring the information from the journal to the individual accounts in the ledger. The final step is to prepare a trial balance. This ensures that the total debits equal the total credits, which if not, indicates an error in the journalizing or posting process. So, the correct answer to your question is option c. journalize transactions, post to the accounts, prepare a trial balance.
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The correct sequence for the accounting process is to journalize transactions, post to the accounts, and then prepare a trial balance. This order ensures the proper recording and verification of financial transactions.
The correct sequence that summarizes the accounting process is: journalize transactions, post to the accounts, and then prepare a trial balance. This process begins with the initial recording of financial transactions in a journal. This step is known as journalizing.
The next step is to transfer these journal entries into the individual accounts in the general ledger, a process called posting. Finally, a trial balance is prepared to ensure that all debits equal all credits, thus verifying the accuracy of the posted transactions.
$4,000 is invested in an account earning 6.5% interest compounded annually. How many years did it take to reach $5,000? A. 2 years B. 3 years C. 4 years D. 5 years
Why is marketing essential to a free market economy?
A. Because it allows companies to compete against each other. B. Because it is mandated by law in order to sell goods and services. C. Because it uses advertising and promotions to educate the consumer about products.
D. Because historically all businesses have practiced it.
Answer:
A. Because it allows companies to compete against each other.
Assume that business solutions accounts receivable balance at june 30, 2018, is $20,250 and that one account of $100 has been written off against the allowance for doubtful accounts since march 31, 2018. if s. rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on june 30, 2018
An adjusting entry must be made to account for bad debts expense on June 30, 2018. After writing off $100, the expected allowance for doubtful accounts would be $1,012.5. Given the previous balance was $1,000 before write-off, the bad debts expense would be $112.5.
Explanation:Assuming that Business Solutions uses the allowance method to account for bad debts, an adjusting entry would be required to recognize the bad debts expense on June 30, 2018. As per the information provided, the original accounts receivable balance is $20,250. However, one account of $100 has been written off against the allowance for doubtful accounts since the last recording date, March 31, 2018. This write-off will decrease the allowance for doubtful accounts by $100.
To adjust for the bad debts expense, we would need to identify the expected level of bad debts based on past experience or industry standards. Let us say it is expected to be 5% of accounts receivable. Hence, the expected allowance is (5/100)*20,250 = $1,012.5.
Suppose the balance in allowance for doubtful account before write-ups and write-offs at March 31 was $1,000, after the write-off is $1,000 - $100 = $900. Therefore, $1,012.5 - $900 = $112.5 must be added to the allowance amount, which will be the Bad Debts Expense.
Debit: Bad Debts Expense $112.5Credit: Allowance for Doubtful Accounts $112.5This will help in accounting for the bad debts expense based on the pattern prescribed in part 1b, and keep the books balanced for Business Solutions.
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Gabriella needs copper wire to make hanging candle lanterns out of antique glass canisters. based on her previous craft projects, she feels she would find this particular type of wire at michael's, a large arts and crafts store. gabriella is relying on a(n) _____ source for her buying situation.
Goodwill messages should not be ________.
a. restrained
b. congratulatory
c. unexpected
d. exaggerated
e. without a direct business purpose
Are there direct variables that have no effect on business' competitive position
15. Which of these types of new product innovations is least common?: a. New to the world b. New product lines c. Extensions to existing product lines d. Cost reductions
Extensions to existing product lines are the least common type of new product innovation. The correct option is C.
Why new product innovation?Product innovation aids businesses in remaining competitive in their markets and sustaining long-term growth and development. It is believed that an organization's capacity for innovation is crucial to its long-term viability. When developing new products, businesses must push themselves creatively and beyond of their comfort zones.
New to the world and new product lines are more common types of innovation since they involve creating entirely new products or product categories that meet unmet needs or improve on existing products. Cost reductions are also a common type of innovation, as they involve finding ways to produce products more efficiently and cost-effectively. In contrast, extensions to existing product lines involve adding new features or variations to an existing product category, which may not always meet significant unmet needs or generate significant customer demand.
Thus, the ideal selection is option C.
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"compare intel's actual and pro forma (as if) ratios of intangible assets to long-lived tangible assets in 2012. use r&d capitalization to compute this ratio. which of the two values is more relevant?"
Since Intel has a history of effectively transforming R&D investment into income, the pro-forma version of the ration seems to be of more significant. A company starting, for instance, would be unalike: its track record would be much poorer and probabilities are that the criteria set in place would not be as rough as Intel’s. Therefore, it appears that the significance hinge on the kind of business: if future benefit is more of a doubt, then R&D should be expensed. The contradictory is true if benefit is almost certain. Intel also has the advantage of being very vibrant with its R&D objectives and having exact, measurable standards. They note obviously what the funds are apportioned to and what the end outcomes should be of the growth.
The comparison between Intel's actual and pro forma ratios of intangible assets to long-lived tangible assets involves considering capitalized R&D expenditures in the pro forma ratio. The actual ratio reflects the balance sheet as is, while the pro forma ratio accounts for investments in technology that could lead to future earnings.
Explanation:
The question asks to compare Intel's actual and pro forma (as if) ratios of intangible assets to long-lived tangible assets in 2012 using R&D capitalization. The 'actual' ratio would include only the intangible assets that are already on Intel's balance sheet, while the 'pro forma' ratio would treat R&D expenditures as intangible assets that should be capitalized and added to the balance sheet, rather than expensed. To compute this ratio, R&D expenditures would need to be capitalized and added to Intel's intangible assets for the pro forma calculation.
When comparing these two values, typically, the pro forma ratio may provide a more accurate picture of a company's investment in technology and future earnings potential. The 'actual' ratio could understate the size and value of Intel's intangible assets because standard accounting practices require R&D costs to be expensed immediately, which reduces reported earnings and does not reflect the potential future value generated by these investments.
Therefore, determining which value is more relevant depends on the context of the analysis. If one is interested in how much Intel is investing in its future through R&D (which could lead to future intangible assets), the pro forma ratio might be more relevant. If the focus is strictly on what is recognized on the balance sheet at the moment, then the actual ratio would be relevant.
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To address the globalization—localization dilemma, firms that have evolved through the multinational form and the global company seek the advantages of ________ in the pursuit of transnational capability.
They seek the advantage of flat or horizontal organizations. This is an organizational structure with limited or no levels of mid management among staff and executives. An organization's structure discusses about the nature of the dissemination of the components and locations within it. Tall and flat organizations vary grounded on how many ranks of management are current in the association, and how much control managers are capable.
Kyra works as a marketing assistant and will be receiving a performance appraisal soon. kyra will receive ratings from her supervisors, team members, subordinates, and customers. kyra will also be asked to review her own performance. which performance appraisal method is most likely used at kyra's firm?
Which intervention is the most appropriate, cost-effective measure for caring for stable, low birthweight infants in very resource-limited settings?
If you stare at a red patch and then look at a red apple, will your experience of the redness of the apple be stronger or weaker?
If you stare at a red patch and then look at a red apple, will your experience of the redness of the apple be stronger or weaker? The experience of the redness of the apple will be weaker because the red apple has different colors throughout it whereas the red patch is the same look throughout.
If you stare at a red patch and then look at a red apple, your experience of the redness of the apple be weaker.
For better understanding, lets explain what color means and why it would be weaker using Hering’s opponent-process model.
Color is commonly known to be only as a result of psychological experience of individuals due to the fact that objects do not have color nor is the light reflected from the objects colored.Hering’s opponent-process model is simply known as a model that explains that if one is staring at a color patch, it weakens that color’s channel making our eyes less sensitive to that color. The model stated that after a few seconds that the effect will wear off and our color sensation will return to how it was before.From the above, we can therefore say that the answer If you stare at a red patch and then look at a red apple, your experience of the redness of the apple be weaker is correct
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Assume you are put in charge of launching a new website for a local nonprofit organization. what costs would you need to account for? make a list of expected costs and benefits for the project. you don't need to list values, just sources of expenses. consider both one-time and recurring costs.
Final answer:
When launching a new website for a local nonprofit organization, expected costs include website development, domain registration, hosting fees, content creation, marketing and advertising, and maintenance and updates. The benefits include increased online visibility, community engagement, fundraising opportunities, enhanced brand reputation, and improved efficiency.
Explanation:
Expected Costs:
Website development and designDomain registrationHosting feesContent creation and managementMarketing and advertisingMaintenance and updatesBenefits:
Increased online visibility and reachAbility to engage with the communityPotential for fundraising and donation collectionEnhanced brand reputation and credibilityImproved efficiency in operations and communicationsTo launch a new website for a nonprofit, consider both one-time costs like domain registration and website design and recurring costs such as web hosting and maintenance. Benefits include increased visibility, enhanced donor engagement, and improved communication with stakeholders.
Here is a list of expected costs and benefits for the project:
One-Time Costs:
Domain Name RegistrationWebsite Design and DevelopmentContent Creation (e.g., text, images, videos)Initial SEO ServicesPurchase of Website TemplatesSoftware and ToolsTraining for StaffTesting and Quality AssuranceRecurring Costs:
Web Hosting FeesMaintenance and SupportOngoing SEO and Digital MarketingContent UpdatesSubscription to Analytics ToolsSSL Certificate RenewalBenefits:
Increased Visibility and AwarenessEnhanced Donor EngagementImproved Communication with StakeholdersBetter Branding and CredibilityPotential for Online DonationsResource for VolunteersCareers with the _____ pathway involve actual building of apartment buildings and offices.
Construction; is the actual act of building.
Customers have certain expectations about how a service should be delivered. a service gap occurs when the delivery of a service fails to meet customer expectations. there are four types of service gaps: knowledge gap, standards gap, delivery gaps, and the communications gap. it is important for marketers to identify these gaps and develop strategies for minimizing them.
This detailed answer matches examples or solutions to the corresponding service gap categories in apartment complex management, and highlights strategies for addressing these gaps effectively.
The question asks to match examples or solutions to the appropriate service gap category in apartment complex management. The concept review identifies four types of service gaps: knowledge gap, standards gap, delivery gap, and communications gap. Here are the matches:
Wait for Repairs - Delivery GapUnderstand expectations - Knowledge GapDo not overpromise - Communications GapEmpower employees - Standards GapTrain employees well - Standards GapIncentives for tenants - Delivery GapFamily movie night - Delivery GapDelayed lawn care - Delivery GapThus, addressing these gaps effectively involves improving employee training and empowerment, understanding tenant expectations, ensuring accurate communications, and enhancing the delivery of services. These strategies help in retaining tenants and supporting rent prices.
Complete Question:
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Read the overview below and complete the activities that follow.
Apartment complexes often look for ways to recruit new tenants and retain current tenants. Although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. The following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps.
CONCEPT REVIEW:
Customers have certain expectations about how a service should be delivered. A service gap occurs when the delivery of a service fails to meet customer expectations. There are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. Marketers need to identify these gaps and develop strategies for minimizing them.
Match the example or solution to the appropriate service gap category.
1. Wait for Repairs 5. Train employees well
2. Understand expectations 6. incentives for tenants
3. Do not overpromise 7. family movie night
4. empower employees 8. delayed lawn care
What is the future value of $750 one year from today if the interest rate is 2.5 percent? a. $768.75 b. $766.50 c. $770.23 d. none of the above are correct to the nearest cent?
To get the future value of this amount, we should use the formula I = Prt so that we could get the interest and then add it to the principal amount to get the future value.
I = Prt
Where: P stands for principal, r for the rate and t for time.
Plugging in the values in the given:
I = (750) (0.025) (1)
Interest = 18.75
Future value = Principal + Interest
= 750 + 18.75
= 768.75
The answer is letter a.