Answer:
Factory Overhead account has a credit balance of $300 before adjusting.
adjusting entry will require a credit to Cost of Goods Sold.
Explanation:
Given that the actual overhead is $1,200 so the same should be debited to factory overhead account
And, the applied overhead is $1,500 so the same should be credited to the factory overhead account
In addition to this, the applied overhead is more than the actual overhead
So, these two statements should be considered
The _____ prohibits the transfer of personal data to non-European Union nations that do not meet the European adequacy standard for privacy protection. Group of answer choices European Data Transfer Act Organization for Economic Cooperation and Development privacy guideline Code of Fair Information Practices European Union Data Protection Directive
Answer:
European Union Data Protection Directive
Explanation:
The European Union Data Protection Directive was implemented in October 1995 and regulates the processing of personal information of citizens of the European Union. It is also mean to protect personal information from being accessed by countries outside of the European Union.
The General Data Protection Regulation enacted in April 2016 eventually replaced the European Union Data Protection Directive.
Personal data of individuals should not be processed at all if the following conditions are not met: legitimate purpose, transparency, and proportionality.
distinguish between supermarket and hypermarket (five points each)
Answer:
A Supermarket is a large store, but a Hypermarket is much bigger than a Supermarket. Hypermarkets store a higher number of FMCG products than a Supermarket.
Inkamva Lethu was established to offer counseling service for drug addicts and raise substance abuse awareness at no cost, identify form of ownership for this statement
Answer: Nonprofit Corporation
Explanation:
A Nonprofit corporation is one where the organization works to promote the good of the public in general either through charity, education, science, health and the like. These organizations provide their services at no cost and therefore rely on donations from benefactors to keep them going.
Inkamva Lethu is a Nonprofit corporation as it works for the public good by counseling drug addicts and raising awareness of substance abuse. They do this at no cost as well so they are a nonprofit corporation.
Jerod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his co-workers and supervisor. He agrees with the supervisor’s opinion most of the time and is always doing nice things for him. Jerod makes sure that he associates with the ‘right’ people and is constantly complimenting others about their good work.
When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in which of the following impression management techniques?
A. apologies
B. excuses
C. acclaiming
D. conformity
E. choose one
When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in conformity. Option D. conformity is the correct option of the given statement.
How do we define conformity?Conformity is the process through which individuals modify their attitudes, behaviors, perceptions, and/or beliefs in order to more closely align with the beliefs held by the groups to which they aspire to belong, already do, or who they seek the approval of.
Is conformity a good or bad thing?There is no inherent good or bad in conformity. Conformity may be viewed negatively when it results from fear, a desire to maintain one's social standing, or when it leads to harmful outcomes.
How does conformity impact actions?Peer pressure may cause someone to engage in unsafe or unlawful activity, such underage drinking. Alternatively, conformity could result in the bystander effect, whereby following the crowd results in failing to help those in need. Your openness to novel concepts or arguments may be constrained by a desire to fit in.
What aspects impact conformity?Group size: Larger groups have a higher propensity to adopt comparable attitudes and actions than smaller ones. Individuals are more inclined to comply with collective decisions when everyone in the group responds in unison. Status: People are more prone to follow the traditions of high-status groups.
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If the Forward Rate is expected to be an unbiased estimate of the future spot and Interest Rate Parity also holds, then: Group of answer choices Absolute forecast error would be zero Triangular arbitrage is not feasible Purchasing power parity holds Covered interest arbitrage is feasible International Fisher Equation holds
Answer:
International Fishers Equation holds.
Explanation:
If a forward exchange rate is an unbiased predictor of future spot rate then the forward rate will be equivalent to future spot spot rate. This hold international Fishers equation to be true as the interest rate parity and future spot are unbiased estimated of forward rate.
Amanda is a manager at an automobile manufacturing plant. After careful inspection, one of her employees noticed a defect in a part that is necessary for airbag deployment. The company has been using that part for the past three months and it is unknown for how long they might have been receiving the defective part from their supplier. Amanda follows the utilitarian approach for her ethical decision making. Amanda will likely
Amanda will likely recall all the vehicles that have the defective part, even if it results in a significant financial loss for the company.
Why is ethical decision-making important in the business environment?Without a robust code of ethics, a company risks breaking the law, falling into financial trouble, and facing unethical situations. However, a company's stakeholders—including customers, employees, and other parties—are assured by good business ethics that it follows the law and acts morally.
The utilitarian approach to ethical decision-making aims to maximize overall happiness or pleasure and minimize overall pain or harm. In this scenario, Amanda must consider the potential harm that the defective part can cause to the customers who buy the cars manufactured by her company.
If the airbag deployment fails due to the defective part, it can result in severe injury or even death of the passengers in the car. Therefore, to minimize overall harm, Amanda should recall all the vehicles that have a defective parts, even if it results in a significant financial loss for the company.
This action will prioritize the safety and well-being of the customers over the company's financial interests, as it will prevent potential harm to many people.
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Harry's, your family-owned business, has been serving breakfast, lunch, and dinner in your city for so long that it's practically an institution! Your lunch menu items range in price from $8.99 to $13.99. Recently, your head chef suggested adding a delicious new seafood option to the lunch menu, but the costly ingredients involved will force you to charge $17.99 for it, which is comparable to what you charge for dinner menu items. You're concerned that this will upset your long-time customers. What should you do?
A. Set the price at $17.99, but raise the prices of all other menu items by S2 or more so it doesn't stand Support and out
B. Set the price at $17.99, and trust that your customers will see the value of the new menu item
C. Set the price at $14.99 for the first month, then gradually raise it to $17.99 over the next three months
D. Set the price at $13.99, but cut costs on all other menu items to make up for any revenue shortfalls
Answer:
Option C
Explanation:
To run a food business, the first and foremost thing is to attract customers and create a customer base. Hence, the price must be kept lower in the initial days to grab attention of customer. As the customer become used to with the product taste and quality, the prices can be increased to make the business profitable.
Hence, option C is correct
Please help
1. What are the disadvantages of labour intensive?
Answer:
Labour intensive is when products are mainly produced by human workers.
...
Labour intensive.
Advantages Disadvantages
Less expensive machinery costs Skilled workers take time to train
Humans can use their own initiative and problem solve Skilled workers will be paid more than unskilled workers
Explanation:
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are you smart enough to do that task try it who is the first person made the light
A manufacturing plant located by a busy highway uses and stores highly volatile explosives. The owner of the plant has imposed strict safety measures to prevent an explosion at the plant. During an unusually heavy windstorm, a large tile was blown off the roof of the plant and crashed into the windshield of a passing car, damaging it. The driver of the car brought a strict liability action against the owner of the plant to recover for the damage to the car’s windshield. Is the driver likely to prevail?
Answer: No, because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
Explanation:
Based on the information given in the question, the driver will not prevail. This is because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.
In this case, the owner of the plant has imposed strict safety measures to prevent an explosion at the plant and the damage of the windshield of the car was due to heavy windstorm and not from the plants activities.
who is the CEO of Amazon
Consider that you are a salesperson for the Carpenters Motors - Range Rover dealership. A young, newly married couple enters the lot. Provide detailed explanations about the personal selling process, using this couple as your target. Consider various scenarios you may face in each of the steps.
Answer:
1.Prospecting as well as qualification: After greeting walk-in customers, the salesperson must make them feel at ease by providing a comfortable location to sit and talk, as well as a drink of tea and juice, according on the period . The pair is simply in need of a vehicle, but they are undecided on which vehicle to purchase.
2.Preparation: I understand everything there is to know regarding my products, as well as the competing goods in the category, which I carry in my selling kit. Basic information such as engine size, mileage, guarantee, technological specifications, finance alternatives, servicing terms, and comfort data are tabulated and maintained in my sales kit for quick reference.
3. Approach: I use a step-by-step approach with them. During the initial conversation, I gathered that the necessity was for a high-end automobile, and that financing was not a problem or worry for them. They're seeking for a vehicle that'll keep them safe and pleasant
An example of a normative economic argument is: Group of answer choices arguing that high degrees of income inequality is inefficient because it leads to greater expenditures on health care costs. arguing that universal health care should be adopted because overall costs are lower under that type of health care system. arguing that high degrees of income inequality is inefficient because it leads to greater governmental expenditures on welfare programs. arguing that high degrees of income inequality is immoral and unjust. all of the available answers are correct.
Answer:
arguing that universal health care should be adopted because overall costs are lower under that type of health care system
Explanation:
Normative economics is one that states what should be as opposed to what is obtainable. It is a prescriptive view of a situation involving investment projects, economic development, statements, and scenarios.
In the given instance the normative statement is: arguing that universal health care should be adopted because overall costs are lower under that type of health care system.
The view here is that the present cost in health care system is presently high.
To reduce the overall costs we should use universal health care as a way to reduce costs.
How much do alcohol related crashes cost Florida every year
like $44 millon
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Task 1: An advertising technique that uses a new kind of technology to communicate its
message
Type your reponse here:
Task 2:
An advertising technique that is most effective at the point of sale (i.e. at the moment the
customer purchases the product)
Type your reponse here:
Task 3:
A real-world case study of a company that was legally penalized for making false advertising
claims
Type your reponse here:
Answer:
Task 1: Contextual Advertising
Task 2: Point of Sale Promotional Advertising technique
Task 3: Airborne Herbal supplement that claimed to have the keep germs and bacteria to prevent common cold and flu
Explanation:
Task 1
Contextual advertising is a form of advertising that uses automated systems that references the identity and he content of the opened page to select and serve adverts on mobile platforms, websites and browsers, including on newly developed social media applications
AdSense is an example of contextual advertising
Task 2
Promotional marketing and advertisement are desirous to customers interested in buying more for less and includes 'deals', 'favorite items', and 'new arrivals'
Task 3
False advertising includes the making of insufficiently verified claims about products that can lead to being legally penalized
The effectiveness of Airborne to keep germs off germs away was being questioned by the Center for Science in Public Interest, due to the non existence of standard scientific studies to support the claim
Plzzz help me with this one
Answer:
what the question.....
Mention any 4 criteria that a human resource manager should consider about job applicants.
The correct answer to this open question is the following.
Although there are no options attached, we can comment on the following.
The criteria that a human resource manager should consider about job applicants are the following.
1.- Technical expertise in their fields.
Candidates must show they have the experience for the position they are applying for.
2.- Accountability.
Managers should prove that candidates are responsible people and own the consequences of their decisions and actions.
3.- Commitment.
Managers have to realize that candidates are willing and able to show appreciation and commitment to the company. Their work must be a priority and should be dedicated to it.
4.- Communication.
Employees should show their communications abilities and capacity to accept criticism.
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
Beginning cash balance on June 1, $95,000.
Cash receipts from sales, $418,000.
Budgeted cash disbursements for purchases, $273,000.
Budgeted cash disbursements for salaries, $96,000.
Other budgeted cash expenses, $58,000.
Cash repayment of bank loan, $33,000.
Budgeted depreciation expense, $35,000.
A. $111,000.
B. $86,000.
C. $76,000.
D. $53,000.
Answer:
D. $53,000.
Explanation:
The computation of the ending cash balance is shown below:
Beginning cash balance $95,000
Add: Receipts
Cash sales $418,000
Total cash receipts (a) $513,000
Deduct: Payments:
Cash payment for purchases -$273,000
Cash payment for salaries -$96,000
Other cash expenses -$58,000
Repayment of bank loan -$33,000
Total cash payments (b) $460,000
Net receipts /( payments) (a) - (b) $53,000
All of the following are skills needed by an accountant except: O Communication O Time management O Speed O Critical Thinking
Answer:
O Speed.
Explanation:
An accountant is someone who keeps an account of the financial records of a person or a business. They are responsible for performing accounting functions such as analyzing accounts, auditing, and reporting the financial transactions of a person or a business.
Among the various skills needed to be an accountant, speed is not one of them. Communication, be it oral or written is one important aspect of the requirement while time management and critical thinking are also important aspects of an accountant.
Thus, the correct answer is the third option.
Astro Corporation was started with the issue of 4,800 shares of $9 par stock for cash on January 1, 2018. The stock was issued at a market price of $17 per share. During 2018, the company earned $72,550 in cash revenues and paid $48,609 for cash expenses. Also, a $3,400 cash dividend was paid to the stockholders. Required: Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's 2018 fiscal year.
Answer:
Astro Corporation
1. Income Statement for the year ended December 31, 2018
Revenue $72,550
Expenses (48,609)
Net income $23,941
Dividend 3,400
Retained E. $20,541
2. Statement of Changes in Stockholders' Equity as of December 31, 2018
Common Stock $43,200
Additional Paid-in Capital 38,400
Retained earnings 20,541
Equity $102,141
3. Balance Sheet as of December 31, 2018
Assets:
Cash $102,141
Equity $102,141
4. Statement of Cash Flows for the year ended December 31, 2018
Operating Activities:
Net income $23,941
Investing Activities:
Financing Activities:
Issue of shares $81,600
Dividends (3,400)
Net cash $78,200
Net Cash Flows $102,141
Explanation:
a) Data and Analysis:
January 1, 2018: Cash $81,600 Common Stock $43,200 Additional Paid-in Capital $38,400
Cash $72,550 Revenue $72,550
Expenses $48,609 Cash $48,609
Dividend $3,400 Cash $3,400
All of the following are true of custodial accounts, except: Group of answer choices custodial accounts represent a way parents can indefinitely control children. minors can set up custodial accounts with a parent. minors can set up custodial accounts with an older relative or friend. custodians can withdraw money from a custodial account for the benefit of the minor.
Answer:
custodial accounts represent a way parents can indefinitely control children
Explanation:
A custodial account is a financial account like the bank account, the trust fund or the brokerage account that could be set up for the beneficiary benefit and it is held by the responsible person who we called as the legal guardian
So as per the given situation, the above statement should be considered as it does not represent the way in which the parents could have the indefinite control with their children
Therefore the same is to be relevant
The incorrect statement related to the custodial accounts is " custodial accounts represent a way parents can indefinitely control children.
What are custodial accounts?The custodial accounts can be defined as the accounts that are managed by a legal person or a guardian for the benefit of the beneficiary. The person who administer the account has an fiduciary obligation towards the beneficiary.
The minors can set a custodial account with their parents or any of the elder relative or friend. The Guardian can withdraw money from the custodial account for the benefit of the beneficiary or minor.
Therefore the correct option is a.
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As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.
Select one:
O True
O False
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.
Competitive advantage __________. Question 2 options: information collected from multiple sources, such as suppliers, customers, partners, and industries that analyzes patterns, trends and relationships for strategic decision making. Evaluates an organizations strengths, weaknesses, opportunities, and threats. Extraction of information from data and using it to predict future trends and identifying behavioral patterns. is a feature of a product (or service) on which customer
Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
In order to produce it’s products, a coffee machine manufacturer relies on timely delivery from its suppliers. Although the company wants its shipment of parts delivered at one time, they typically come in multiple shipments. While it’s not that big of a deal and the coffee machine manufacturer is generally happy with the supplier, the manufacturer has found another supplier that’s willing to ship the parts at one time. . Because of this, the manufacturer has decided to switch suppliers. This is an example of how
Answer: A) meeting a customer's expectations doesn't always lead to brand loyalty.
Explanation:
It is possible to meet the expectations of a supplier and the supplier would still move on if they feel like they would get a better deal somewhere especially if the other supplier meets their expectations even better than the first supplier did.
The company in question preferred that it received its parts all at once and the supplier could not do that but they were still able to supply the goods required. They were therefore meeting expectations but not in an adequate enough manner which is why the company found someone better.
Write three sentences.What is summer mainly about and what is your fav thing about summer time?
After serving a good number of customers in its home state, Marble Cakes, Inc. has set up business in three other states with additional menu options of cupcakes, donuts, and coffees to generate new customers. This has enabled the company to successfully maintain its corporate strategy. Marble Cakes, Inc. is engaging in which of the following? Select one.
a)Vertical integration
b)Horizontal diversification
c)Horizontal specialization
d)Vertical specialization
Answer:
b)Horizontal diversification
Explanation:
Horizontal diversification is defined as the process by which a business starts providing a product that is unrelated to its previous products supplied.
However the market is a similar one.
In the given scenario Marble Cakes, Inc. has set up business in three other states with additional menu options of cupcakes, donuts, and coffees to generate new customers.
The new set of products are completely different from the one initially supplied, but sales is in similar market as before.
Activity-based costing (ABC) can eliminate cost distortions because ABC: A. develops cost drivers that directly link the activities performed to the products manufactured. B. establishes multiple cost pools. C. employs capacity-related cost drivers. D. recognizes interactions between different departments in assigning overhead costs.
Answer:
A. develops cost drivers that directly link the activities performed to the products manufactured.
Explanation:
ABC identifies the activities and according to that the cost are distributed that based on the predetermined overhead rate. So it also helps in removing the distortions of the cost so that drivers of the cost could be identified that are applied for the cost distribution for the activities that are performed
Therefore the option a is correct
By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay period. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salaries (expense/payable) account and (debit/credit) the Salaries (expense/payable/unearned) account.
Answer:
Adjusting entry
Date Account Name and Explanation Debit Credit
Salaries Expense $650
Salaries payable $650
(To record salary expense)
Salaries Expense Dr $650
To Salaries payable $650
(Being salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities.
Therefore the above adjusting journal entry should be recorded.
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Evaluate your ability to consume wisely, Explain why this skill is essential to achieving your life span
plan
Answer:
Consumerism is a way of life in which the regular purchase of secondary goods, in which the social value of the product and its influence on social status and identity plays a huge role in society and everyday life.
The term originated with the rise of the consumer society in the twentieth century. Where previously the market was supposed to regulate itself, this did not always work sufficiently, so that consumers began to unite in consumer movements and consumer organizations. Consuming is then seen as a right, a right that is defended to the extreme. In addition, consumerism is also seen as good for the economy and therefore worth pursuing, as it keeps economy working.
In this sense, the fact of operating within the framework of the consumer society in a responsible, wise and meticulous way matters that individuals do not relapse into behaviors that put their financial situation in trouble.
Organizations can use common core security principles recommended as industry best practices when developing policies, standards, baselines, procedures, and guidelines. Which principle states that policy and standards library documents should be written to consider everyone affected, including technical, administrative, organizational, operational, commercial, educational, and legal personnel
Answer:
Multidisciplinary principle
Explanation:
In simple words, multidisciplinary approach refers to the framework for business management under which the administration makes rules and procedures to operate in such a way that every individual at stake will be equally impacted from them.
This is a modern technique for management and avoids every kind of bias like gender, race etc.
