Answer:
While a department with line responsibility is directly involved in the daily activities and management of the business, a department with staff responsibility simply provides support for the line managers.
Explanation:
The line department consists of the chain of leaders whose positions in the organization are clearly differentiated from those of their subordinates. They make decisions and supervise the daily affairs of the business. Examples of these include; the department heads, the president, the production supervisors, etc.
A department with staff responsibility provides support for the department with line responsibility. Examples of personnel in the line department are the legal advisers and the human resource staff. The legal advisers provide support by advising the line managers on the lawful means to transact their business activities.
Explain the problems a hotel faces in making the following departments profitable: restaurants, bars, and room service
Answer: A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay...The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.
Explanation:
Restaurants; hotel guests are not always predictable. Sometimes they will use the hotel restauraunts, and other times they will dine out. A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay.
Bar; Bars is measured by the pour/cost percentage. Post cost is obtained by dividing the cost of depleted inventory by sales over a period of time. Operations with lower pour costs have more sophisticated control systems and a higher-volume catering operation. Some bartenders tend to overpour measures to receive larger tips. The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.
Do you agree with the decision from below mention case?
While driving his employer’s vehicle to call on a customer, Mandel decides to stop at his bank—which is one block off his route—to make a personal deposit. Mandel then negligently runs into a parked vehicle owned by Kelly. In this situation, because Mandel’s detour from the employer’s business is not substantial, he is still acting within the scope of employment, and the employer is liable.
The result would be different, however, if Mandel had decided to pick up a few friends for cocktails in another city and in the process had negligently run into Kelly’s vehicle. In that situation, the departure from the employer’s business would be substantial, and the employer normally would not be liable to Kelly for damages. Mandel would be considered to have been on a "frolic" of his own.
Answer:
I do agree with the decision.
Explanation:
Luckily for all of us, employees are still human beings. As such, we are allowed certain privileges when using a company's car, e.g. we are allowed to go to a coffee shop to buy a cup of coffee or eat something while we are using the car. In this case, Mandel went to the bank, which was only 1 block away form his route, which is still under the normal scope of what an employee can do. He could argue that he wanted to check his bank account were he deposits his paycheck.
It is very different if Mandel does something irresponsible like going out with friends or drinking. In no way these actions can be related with his normal employment activities.
an effective annual interest rate of 12.95% how many years will it take a given amount to Triple in value
Answer:
Number of year n = 9 year (Approx)
Explanation:
Given:
Effective annual interest rate = 12.95% = 0.1295
Find:
Number of year n
Assume;
Invested = P
Amount = 3P
So,
3P = P(1+0.1295)ⁿ
3 = 1.1295ⁿ
n = 9
Number of year n = 9 year (Approx)
Suppose a stock has an initial price of $71 per share, paid a dividend of $1.75 per share during the year, and had an ending share price of $88. Compute the percentage total return.
Answer:
Total return = 26.4%
Explanation:
Given:
Initial price = $71 per share
Dividend = $1.75 per share
Ending share price = $88
Compute:
Percentage total return
Computation:
Total return = [Ending share price + Dividend - Initial price)/Initial price
Total return = (88 + 1.75 - 71) / 71
Total return = 26.4%
Sources of economic growth would include an increase in:
a. Investment spending.
b. Financial investment.
c. Consumer spending.
d. Government spending.
e. Consumer saving
Answer:
Option e: Consumer saving
Explanation:
Consumer saving shows that the economy of a given country is growing. When a citizen of a country is employed, then unemployment decreases and consumers can be afford to buy some of their needs and still save some amount of money or valuables for future use. It shows that the economy growth is increasing in that country.
An increase in consumer savings can lead to more production, investment and others.
If the free market (private) equilibrium quantity is greater than the socially optimal quantity, one can infer that:
Answer:
The only that socially optimal quantity is lower than the equilibrium quantity is that the production of that specific good results in a negative externality. Negative externalities reduce social benefits of third parties, even though they do not actively participate in any type of transaction.
Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be itemizing her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Answer:
$6,800
Explanation:
Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Tax deduction=$11,600-(10%*$48,000)
Tax deduction=$11,600-$4,800
Tax deduction=$6,800
Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800
Guys I need a kawaii Username for YT the person that had the best one I will crown branliest I'm giving 40 points!
Answer:
Sweetlolipie
Explanation:
Answer:
What about "TedyBear","PixelII" and "PoohBear"???
In your own words, describe the differences between the industrial organization (I/O) and the resource-based models of above-average returns. As an analyst, how would you determine the significance or validity of these models with respect to a given industry
Answer:
The differences between the industrial organization (I/O) and the resource-based models of above-average returns can be summarized as follows:
1. The I/O model stresses that above-average returns can only be achieved given the opportunities and threats of the prevailing market structure. This implies that the returns that the entity achieves depend on whether the market is a perfect competition, a monopoly, a monopolistic competition, or an oligopoly. It is eternally-focused. The I/O model is a market-based strategic approach that is environmentally-driven.
2. On the other hand, the resource-based model explains that the entity could achieve above-average returns because of the entity's unique or heterogeneous resources and capabilities. Therefore, this approach tends to match a firm's resources and capabilities to the market opportunities that arise in the external environment. This strategic approach concentrates on the strengths and weaknesses of the internal resources and capability endowment.
3. In any given industry, the significance or validity of these models can be determined by examining how the business entity spends its resources. Is the entity developing its internal capability through training and, what is its cultural orientation? Or is it fighting the competition with its resources, thereby dissipating energy on market positioning?
Explanation:
The I/O model or market-based theory is of the view that market opportunities and threats determine the achievable outcomes for an entity. It takes what the market gives. The resource-based theory has a different view. It suggests that the internal resources an entity possesses are valuable, rare, uncommon, and difficult for competitors to replicate. Therefore, it tries to develop these resources and capabilities in order to achieve superior performance. It is not a price or profit taker but a price mover and profit shaker.
Effects Transaction a. The company pays cash toward an account payable. b. The company purchases equipment on credit. c. The owner invests cash in the business in exchange for its common stock. d. The company pays cash dividends to shareholders. e. The company purchases supplies for cash. f. The company provides services for cash.
Answer:
Transaction Effects on the accounting equation:
a. The company pays cash toward an account payable.
Asset (Cash) reduced = Liabilities (Accounts Payable) reduced + Equity
b. The company purchases equipment on credit.
Asset (Equipment) increased = Liabilities (Accounts Payable) increased + Equity
c. The owner invests cash in the business in exchange for its common stock.
Asset (Cash) increased = Liabilities + Equity (Common Stock) increased
d. The company pays cash dividends to shareholders.
Assets (Cash) reduced = Liabilities + Equity (Retained Earnings) reduced
e. The company purchases supplies for cash.
Assets (Supplies) increased and (Cash) reduced = Liabilities + Equity
f. The company provides services for cash.
Assets (Cash) increased = Liabilities + Equity (Retained Earnings) increased
Explanation:
The accounting equation shows that assets are always equal to liabilities and equity with each given business transaction. With the double entry system of accounting, each transaction has double effects on the accounting equation on one side or on both sides of the equation.
The effect transaction in this scenario is the owner invests cash in the business in exchange for its common stock. This transaction increases the company's cash balance and adds to its equity by increasing the owner's investment. Therefore, option c is correct.
In the context of accounting and finance, equity refers to the ownership interest in a business or organization. It represents the residual interest in the assets of the entity after deducting liabilities.
Equity can be in the form of common stock, preferred stock, or retained earnings. It reflects the claims of the owners or shareholders on the company's assets and represents their ownership rights.
Equity is an important component of a company's financial structure and plays a role in determining its value, financing options, and distribution of profits.
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Distinguish between small and large office.
Answer:
A small office is usually found in a small organisation because the volume of clerical activities is small. An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.
Randall owns and operates a successful landscaping company. His net profit income in 2019 was $209,000. What is the amount of SE tax he must pay
Answer:
Randall
The amount of SE tax he must pay is:
$22,540.60
Explanation:
a) Data and Calculations:
Net profit income for 2019 = $209,000
Self-employment tax:
First $132,900 * 15.3% = $20,333.70
Excess of $76,100 ($209 - 132,900) * 2.9% = $2,206.90
Total SE tax = $22,540.60
b) The IRS states that Randall's self-employment (SE) tax 2019 rate is 15.3 percent on the first $132,900 of his net profit income plus 2.9 percent on the net income in excess of $76,100 ($209 - 132,900). It has been ascertained that being self-employed can significantly lower the tax bill. The self-employed can claim specific benefits, allowances, and reliefs if they are business expenses. These business expenses may include various office costs, advertising and marketing, and travel costs.
paid rent of Rs.25000 by cheque. make journal entry
Answer:
see below
Explanation:
Rent is an expense to the business. An increase in expenses is debited.
rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.
The journal entry will be
Rent A/c Dr. Rs. 25,000
Bank A/c Cr. Rs. 25,000
Divisional income statements do not have to follow generally accepted accounting principles (GAAP) because they are internal reports. True False
Answer:
TRUE
Explanation:
A divisional income statement as the name implies it talks about a summary of the revenue generated in a particular unit within a business enterprise after removing the divisional costs in the same particular unit. Divisional income statements are internal reports so they do not have to follow generally accepted accounting principles (GAAP) as the statements generated are done within an organization. The Generally Accepted Accounting Principles are rules, codes of conduct set by a financial regulating body to make business enterprise, corporate accounting do the right thing whenever they are publishing their financial reports and statements.
1. Values in a chart must be:
Select the correct option.
O a. Numbers
O b. Words
O c. Months
O d. Columns
Answer:
a. Numbers
Explanation:
The values in a chart represent data. Anyone reading a chart should be able to interpret the information presented with relative ease. Due to the space factors, the values of a chart are always in numbers. Values in number form take little space compared to words.
Numbers are clear and easy to understand for everyone. When a value is very big, writing it in words may pose a challenge for some people to understand.
itemise the importance of marketing in an economy
Answer:
Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.
The amount of interpersonal space (space between people while interacting) that is acceptable varies by culture. This activity is important because interpersonal space is one of the key cultural areas to understand in business if you want to bridge cross-cultural gaps. The goal of this exercise is to test your knowledge of the cultural area of interpersonal space.
Determine which of the following countries has Least Social Distance and Most Social Distance.
a. China
b. UK
c. Saudia Arabia
d. India
e. USA
Answer:
Note: The full question is attached as picture below
Below is in order, according to the amount of social distance (interpersonal space in a professional interaction) that would likely be expected during a business transaction in that particular country.
1 = Least Social Distance: 5 = Most Social Distance:
1 - USA
2 - UK
3 - INDIA
4 - CHINA
5- SAUDI ARABIA
Which of the following statements is normative? Group of answer choices Congress gives certain business corporations tax breaks. Tax breaks can lead to additional production. Tax breaks can change corporate behavior. Congress gives too many tax breaks to corporations.
Answer: Congress gives too many tax breaks to corporations.
Explanation:
Normative statements are said to be statement of opinion and not fact.
Option D is therefore a normative statement because it is the opinion of the speaker that congress gives too many tax breaks because from a neutral standpoint, it cannot be said with certainty the number of tax breaks that will be considered too much.
The other options are statements of fact.
if you invest $200 the end of each month over the next 20 years in a mutual fund that has a nominal annual rate of 12% how much will you get at the end of 20 years
Answer:
I will get $197,851 at the end of the 20 years.
Explanation:
Note: It is assumed the interest is compounded monthly
Use the following formula to calculate the amount to be received after 20 years
Future value of annuity = Annuity payment x ( ( ( 1 + periodic interest rate )^ Numbers of periods ) - 1 ) / periodic interest rate )
Where
Annuity Payment = $200 monthly
Periodic Interest rate = Nominal Interest rate / Numbers of periods in a year = 12% / 12 months = 1%
Numbers of periods = Numbers of years x Numbers of periods in a year = 20 years x 12 months = 240 months
Placing values in the formula
Future value of annuity = $200 x ( ( ( 1 + 1% )^240 ) - 1 ) / 1% )
Future value of annuity = $197,851.07
Future value of annuity = $197,851
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1
Answer:
A. Year 1 8.3%
Year 2 9.2%
B. Yes
Explanation:
(1) Calculation for its cash flow on total assets ratio for both years
Using this formula
Cash flow on total assets ratio =Net operating cash flow/Average total assets
Let plug in the formula
Year 1 Cash flow on total assets ratio=$102,920/$1,240,000
Year 1 Cash flow on total assets ratio=8.3%
Year 2 Cash flow on total assets ratio= 138,920/1,510,000
Year 2 Cash flow on total assets ratio= 9.2%
(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1
Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $33,500 of the raw materials and $44,400 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments.
Answer:
[Debit] Work In Process : Assembly Department $47,064
[Debit] Work In Process : Finishing Department $19,504
[Credit] Overheads $66,568
Explanation:
Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department
Step 1
Determine Departmental Labor Cost
Total Labor Costs = $62,800
Assembly Department = ( $44,400)
Finishing Department = $18,400
Step 2
Determine Overhead Cost for the Departments
Assembly Department ( $44,400 × 160 %) = $47,064
Finishing Department ( $18,400 × 160 %) = $19,504
Step 3
Journalize
Debit the Work In Process Account for the respective department and Credit the Overheads Account as above.
how will you prove that a piece of stone occupies space
Explanation:
it is so weird, but try to understand
an annual bond selld for $865 with par value $1,000 and coupoin rate 8% what is bond yeild to maturity for 10 years
Answer:
1.4484 %
Explanation:
The formula for Yield to Maturity =
[C + (FP - MP) /n]/FP + MP/2
Where
C = Coupon rate = 8% = 0.08
MP = Market value or price = $865
FP = Face or Par value = $1000
n = number of years = 10
Yield to Maturity =[ 0.08 +(1000 - 865) /10]/ 1000 + 865/2
Yield to Maturity = 1.4484 %
Standard Deviation (%) R 2 Beta Standard Error of Beta TDM 13 0.49 0.83 0.11 LLW 21 0.01 0.21 0.25 What proportion of each stock's risk was market risk, and what proportion was specific risk
Answer:
Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.
Answer is explained in the explanation section.
Explanation:
Solution:
Data Given:
This question is about the two well known Canadian Stocks namely:
1. Toronto Dominion Bank
2. Research in Motion.
Data For Toronto Dominion Bank:
For answering about the proportion of risk involved in each of stocks, we just need the value of [tex]R^{2}[/tex].
Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.
[tex]R^{2}[/tex] value for TDB = 0.77
[tex]R^{2}[/tex] value of 0.77 means, 77% of the risk is derived from the market movements. So we can say it as this 0.77 or 77% of proportion for Toronto Dominion Bank is of market risk.
Generally speaking, in market risk there is the probability that people will lose their investments due to the factors that create negative impacts on the market.
Whereas, specific risk is totally opposite to market risk and people specific to any company or group may experience losses but not the whole market, which is the case in market risk.
Where as, remaining 0.23 or 23% of the risk is unique risk or specific risk.
Similarly for the other stock:
[tex]R^{2}[/tex] value for Research in Motion = 0.44
[tex]R^{2}[/tex] value of 0.44 means 44% of the risk is derived from the movements of the market or it is market risk. On the other hand, remaining 0.66 or 66% of the risk is specific risk or unique risk.
How does the project fit within the global microeconomic environment? Support your response with evidence.
Explanation
Microeconomics is one of the significant center regions inside the scholarly field of financial aspects. While the degree and techniques for microeconomics can be intricate, its general center is moderately direct. Microeconomics inspects the regular activities of the commercial center, zeroing in on the choices made by people – individuals and organizations – as they purchase, sell, contribute and settle on other monetary choices. You don't have to officially consider microeconomics to apply a portion of its standards to your private company.
Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other
Answer:
In healthcare organisations, main compensation and expense divisions focus on where they are utilised; there's many various types of entities, including such: profits, non-profit as well as residential. Stockholders of benefit organisations on the company and earn income from them.
Non-profit agencies raise revenue from their patient/consumer programmes and are prohibited from collecting tolls. In private coverage, the organisation department will supply the healthcare professional with direct payment.
The category of service user, such as as someone who spends with his own funds and someone who uses different private programmes available in market.
Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back to back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. What is the ergonomic issue with this situation? Select the best option. This will make her customers annoyed. She won't have enough time to perform each service. It's against licensing policy to schedule services like this. She will have long periods of holding the same posture.
Explanation:
would it be the overexaustion? I'm not even sure if its a word
Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back-to-back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. She will have long periods of holding the same posture. The correct option is D.
Why is ergonomics an issue?Muscle fatigue, muscle imbalances, and strain are all consequences of poor ergonomics. Performing the same motion repeatedly can lead to numerous muscle strains. These develop into repetitive stress injuries, some of the most frequent workplace accidents.
Working in uncomfortable positions or holding one position for a long time. assuming positions that strain the body, such as bending over to use a knife with the wrists bent or twisting the torso while lifting, or repeatedly reaching above shoulder height.
Thus, the ideal selection is option D.
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A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity.
Answer:
EOQ= 18
Explanation:
Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.
To calculate the economic order quantity (EOQ), we need to use the following formula:
Economic order quantity (EOQ)= √[(2*D*S)/H]
D= Demand in units
S= Order cost
H= Holding cost
D= 1,215
S= $10
H= $75
Economic order quantity (EOQ)= √[(2*1,215*10)/75]
EOQ= 18
Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make
Answer:
Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.
Q1. While walking to the local electronics store, MusicLover ponders his desire for a high-end noise cancelling headset with soft leather earcups, and realizes that he would purchase it if it were priced at $150, or $180, or even $195, but not at $210. On arriving at the store, he finds that the product is priced at $170. He buys it! Based on this information, Which number is closest to MusicLover's reservation price or willingness-to-pay (WTP) for the headset
Answer: b. $200
Explanation:
A person's willingness-to-pay refers to the maximum price they would be want to pay for a good or service. For instance, if you refused to pay more than $25 for a jar of honey, your willingness-to-pay for the jar of honey is $25.
In this scenario, MusicLover will buy the headset if they are $195 but not if they are $210. His willingness to pay is therefore between $195 and $210. From the options, the only figure in that range is option B with $200.
