Answer: detail oriented
Explanation:
From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.
A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.
Havermill Co. establishes a $380 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $86 for Office Supplies, $163 for merchandise inventory, and $35 for miscellaneous expenses. The fund has a balance of $96. On October 1, the accountant determines that the fund should be increased by $76. The journal entry to record the reimbursement of the fund on September 30 includes a:
Answer:
Explanation:
Petty cash system is a form of policy that a company uses to administer cash for various miscellaneous needs , with the balance set at a fixed amount and reimbursed when exhausted and on monthly basis
Petty cash fund limit = 380
Petty cash balance as at September = 96
Petty cash reimbursement for the month = (opening balance - closing balance)
380 -96 = 284
The journal entry to record reimbursement as at September 30 =
Debit petty cash -284
Credit cash - 284.
Kindly note that the change in the petty cash balance policy occurred on October 1 after September 31 .
The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as what:____________.
Answer:
income-generating assets under the current account of the balance of payment.
Explanation:
Remember, the related term balance of payment refers to the calculation of a country's transactions at the international level for a specific period.
In other to determine the flow of money in and out of a country, the receipts from income-generating assets such as stocks (in the form of dividends) are thus recorded in the current account.
LEAP Communications Technology has subsidiaries in each country in which it does business. As the parent company, LEAP runs its research and development department from its home country. As a result, each foreign subsidiary remains dependent on it for new products, processes, and ideas. This illustrates the _____ model for global strategy.
Answer:
International.
Explanation:
This can be explained to be the strategies and plans that a business has put in place to mark bedrocks that his business is strong to ply its trades across the borders of its home country.
This is seen to occur in past decades, even smaller companies have been able to cross national borders and do business abroad. In as much as there have been conditions that have been given to companies operating in multiple nations across the globe which ranges from multinationals, global businesses through transnational companies, international firms too. This is why LEAP communications in the context above as the parent company, LEAP runs its research and development department from its home country.
As referred to in the NSMIA, the term "covered security" would apply to
preferred stock in the XYZ Corporation whose common stock is listed on the NYSE
common stock in ABCD, Inc., a stock traded in the Pink Sheets
Springfield, Illinois, municipal bonds sold to a resident of Springfield, Illinois
Springfield, Illinois, municipal bonds sold to a resident of Springfield, Missouri
A) II and III
B) III and IV
C) I and IV
D) I and II
Answer:
Correct Answer:
C) I and IV
Explanation:
In stock market, any security equal or senior to one listed on the NYSE is a covered security. Because, it is guaranteed by a Federal law. Municipal bonds are a covered security except in their state of issuance. On the other-hand, Pink Sheet and OTC Bulletin Board securities are not considered covered.
On April 1, Aloe, Inc. factored $80,000 of its accounts receivable without recourse. The factor retained 10% of the accounts receivable as an allowance for sales returns and charged a 5% commission on the gross amount of the factored receivables. What amount of cash did Aloe receive from the factored receivables
Answer: $68,000
Explanation:
Based on the information that have been provided in the question, the amount of cash that Aloe receive from the factored receivables will be:
= $80,000 - (10% × $80,000) - (5% × $80,000)
= $80000 - $8000 - $4000
= $80,000 - $12,000
= $68,000
Identify two prices indices?
Answer:
Some notable price indices include:
Consumer price index.
Producer price index.
Employment cost index.
Export price index.
Import price index.
GDP deflator.....
Answer:
consumer price indexproducer price indexExplanation:
consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.
Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. They paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a
Answer:
Fear appeal.
Explanation:
In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.
A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.
"A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?"
Answer:
$5,000
Explanation:
Given that:
A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?
Capital gain = $4000
Capital loss = $12,000
Net loss = ( capital loss - capital gain)
Net loss = ($12,000 - $4,000)
Net loss = $8,000
Maximum net loss deductible from taxes In a year is $3000
Net loss - deductible
$8,000 - $3,000 = $5,000
Unused loss carried into the next year = $5,000
has a major medical insurance policy with a $500 calendar-year deductible, a $5,000 out-of-pocket limit, and 80-20 coinsurance. was hospitalized for a surgical procedure in March, his first healthcare treatment during the year. The total bill was $20,000. Considering the deductible and coinsurance, how much of this amount must pay
Answer: $3,900
Explanation:
First the deductible has to be removed.
= 20,000 - 500
= $19,500
With a $5,000 out-of-pocket limit, and 80-20 coinsurance, the insured is to pay 20% of the remaining balance but the maximum they can pay is $5,000 in a given period.
= 20% * 19,500
= $3,900
He will pay $3,900
Suppose that in a month the price of oranges increases from $.75 to $1. At the same time, the quantity of oranges demanded decreases from 100 to 80. The price elasticity of demand for oranges (calculated using the initial value formula, also known as the simple elasticity formula) is:_______A 0.6. B. 0.75. C. 025. D. 20.
Answer:
Option A is correct
Price elasticity of demand =0.6
Explanation:
Price elasticity of demand (PED) is the degree of responsiveness of demand to a change in price.
Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic
PED is computed as follows:
PED = % change in quantity /% change in Price
% change in demand = (100-80)/100 × 100 = 20%
% change in price =(0.75-1)/0.75 × 100 = 33.33%
PED = 20%/33.33% = 0.600
Price elasticity of demand =0.6
Pat promises to install granite countertops in the home at 123 Main Street that Bruce is purchasing "provided that the escrow on the sale of 123 Main Street closes." The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise.a) trueb) false
Answer: True
Explanation:
From the question, we are informed that Pat promises to install granite countertops in the home at 123 Main Street that Bruce is buying provided that the escrow on the sale of 123 Main Street closes.
The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise is true. This is because Pat will only fulfil her promise given that there is a close of escrow on the sale of 123 Main Street.
Hudson Corp. operates several factories that manufacture medical equipment. The factories have a historical cost of $200 million. Near the end of the company’s fiscal year, a change in business climate related to a competitor’s innovative products indicated to Hudson’s management that the $170 million carrying amount of the assets of one of Hudson’s factories may not be recoverable. Management identified cash flows from this factory and estimated that the undiscounted future cash flows over the remaining useful life of the factory would be $150 million. The fair value of the factory’s assets is reliably estimated to be $135 million. The change in business climate requires investigation of possible impairment. Which of the following amounts is the impairment loss?
A) $15 million.
B) $20 million.
C) $35 million.
D) $65 million.
Answer:
C) $35 million.
Explanation:
The computation of the impairment loss is shown below:
= Carrying amount of the assets - fair value of the factory assets
= $170 million - $135 million
= $35 million
Since the carrying amount exceeds the fair value of the asset so the impairment loss is recorded and hence the same is to be considered.
Hence, the correct option is c.
Starling Co. is considering disposing of a machine with a book value of $12,500 and estimated remaining life of five years. The old machine can be sold for $1,500. A new high-speed machine can be purchased at a cost of $25,000. It will have a useful life of five years and no residual value. It is estimated that the annual variable manufacturing costs will be reduced from $26,000 to $23,500 if the new machine is purchased. The five-year differential effect on profit from replacing the machine is a(n)
Answer: increase of $11,000
Explanation:
Based on the information that have been provided in the question, the five-year differential effect on profit from replacing the machine will be:
= $25000 - [5 × ($26,000 - $23,500)] - $1500
= $25,000 - (5 × $2500) - $1500
= $25,000 - $12,500 - $1,500
= $25,000 - $14,000
= $11,000
Therefore, there will be an increase of $11,000.
How to calculate momentum?
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
A woman bought acreage but never saw it and did not use it; although, she regularly paid the real estate taxes on it. Without her knowledge, a man moved his mobile home onto the property, drilled a well for water, and lived there for many years. The man may have become the owner of the acreage if he complied with state laws regardinga. intestate succession.b. adverse possession.c. the statute of frauds.d. the statute of limitations.
Answer: b. Adverse possession
Explanation:
Adverse possession could be described as occupying a property not yours legally. This occurs when the owner of such property can't be found or identified over a very long period of time, then the party going in goes about acquiring the property legally. The individual who acquires the property now could be seen as the legal owner of the property
The free rider problem is a situation in which A. one agent secures benefits that others pay for B. all of the above. C. none of the above. D. there are excessive subsidies given to polluting buses or other forms of mass transit E. Effluents such as CFCs combine with ozone and decrease concentrations of that protective chemical F. perfect property rights exits
Answer:
b). one agent secures benefits that others pay for.
Explanation:
The free-rider problem is described as the problem when some individuals consume or take the benefit of a resource without paying for it. in this problem, one agent is being benefitted from the resources that the others are paying for. This creates a load on a shared resource and eventually causes market failure. In order to cope with this problem, the organizations must ensure a fair distribution of resources and their benefits as per the payment made by the agents. Therefore, option B is the correct answer.
Assume that a single commercial bank has no excess reserves and that the reserve ratio is 20 percent. If this bank sells a bond for $1,000 to a Federal Reserve Bank, it can expand its loans by maximum of:
Answer:
it should be only 1,000
Explanation:
In a case, that an individual commercial bank has no extra reserves and that the reserve ratio is 20 percent. If this bank sells a bond for $1,000 to a Federal Reserve Bank, it can expand its loans by maximum of $1,000.
When commercial banks receive loan from the Federal bank?Banks can acquire the loan from the Federal Banks to receive reserve responsibilities. The rate traveled to banks is called the discount rate, that is normally higher than the rate that banks hasten each other.
Banks can acquire from each another to meet reserve requirements, which is charged at the federal funds rate.
In the scenario of a single commercial bank with no surplus reserves and a reserve ratio of 20%. If this bank sells a bond to a Federal Reserve Bank for $1,000, it can increase its loan limit by $1,000.
Therefore, the loan can be expanded by the maximum of $1,000.
Learn more about the loan, refer to:
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The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market risk premium is 8%. If the Treasury bill rate is 5%, what is the company's cost of capital
Answer:
The company's cost of capital will be "13%".
Explanation:
The given values are:
Risk free rate
= 5
Beta
= 1.25
Market risk premium
= 8
Now,
⇒ [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]
On substituting the estimated values, we get
⇒ [tex]=5+(1.25\times 8)[/tex]
⇒ [tex]=15 \ percent[/tex]
The total value will be:
= [tex]20 +5[/tex]
= $[tex]25 \ million[/tex]
As we know,
⇒ [tex]WACC=Respective \ costs\times Respective \ weights[/tex]
⇒ [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]
⇒ [tex]=12+1[/tex]
⇒ [tex]=13 \ percent[/tex]
Note: % = percent
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except: A. The shares are deducted rather than added. B. The shares are added rather than deducted. C. The shares are treated as being acquired at the end of the year. D. The shares are treated as being acquired at the beginning of the year. g
Answer: The shares are deducted rather than added
Explanation:
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares when the shares are added rather than deducted, the shares are treated as being acquired at the end of the year and the shares are treated as being acquired at the beginning of the year.
Therefore, the adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except when the shares are deducted rather than added.
Sarah's a digital marketing consultant. With 90% of sales still taking place in a physical location, she knows her clients need to reach customers throughout their journey to ensure the best chance at a sale. Those customers need to find her client's products across multiple channels. Which type of marketing strategy can Sarah use to drive sales to her client's physical locations?
Options :
A) A search engine optimization strategy to rank for keywords.
B) Third-party lead generation to qualify inbound leads prior to contact.
C) A strategy designed to mimic all ads directly from similar local businesses.
D) An online-to-offline strategy to drive offline sales with online ads.
Answer: D) An online-to-offline strategy to drive offline sales with online ads
Explanation: Given that 90% of the sales made by Sarah's client takes place in physical stores, and as such it is important that a large number of potential customers are reached in other to get a shot at making a sale. The online strategy becomes paramount as it provides a viral or rapid approach to getting potential buyers informed about a certain product within a short period of time, one of such way is the use of online advertisement and digital or social media marketing. Leveraging this online marketing capability could be used make consumers aware and increasing the Chances of making better sales offline since consumers are already aware of the product.
In situations where rivals can readily copy the successful features of a company's strategy or duplicate its attempts to attract customers, the only dependable path to competitive advantage is for a company to staff the company's organization with smarter and more talented people. outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product). do a better job of training, empowering, motivating, and compensating employees than rivals. perform value chain activities quicker or faster than rivals can. outsource more value chain activities than rivals do and thereby achieve lower operating costs.
Answer:
outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at a lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product).
Explanation:
We note here that the company's rivals can readily copy the successful features of the company's strategy or duplicate its attempts to attract customers, therefore, the company has leverage if builds strenght its on certain important value chain activities at a lower cost than rivals or with greater effectiveness than rivals.
For example, a company's product may be cheaper because of its reduced value chain cost than that of its competitors. Going by the normal law of demand, the lower the price the higher the demand for such a company's products.
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEPT A) investors own an undivided interest in a pool of mortgages B) GNMAs are considered to be the riskiest of the agency issues C) the minimum initial investment is $25,000 D) investors receive a monthly check representing both interest and a return of principal
Answer:
B) GNMAs are considered to be the riskiest of the agency issues
Explanation:
The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.
Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).
What strategy benefits both companies and employees since it increases a company's ability to recruit and retain workers and allows employees to balance work and home life by allowing them to choose their starting and ending times, as long as they are there during a specified core period
Answer:
Dont know sorry
4. Mathew is a brand manager for a large chocolate producer. Every six months, Mathew and a team of colleagues review the new product proposals that come from employees and managers and choose two that the company will pursue. This activity is part of
Answer:
product screening
Explanation:
The activity being described in this question is part of the product screening. This is a step in the product development process where different product designs are evaluated and analyzed according to the company's goals and criteria and those that meet all of their requirements are chosen for production while the ones that don't are scraped. This is what Mathew is doing by choosing the two product proposals that meet the companies requirements and which they believe will be good to pursue.
In what country do the three largest shareholders control, on average, about 60 percent of the shares of a public company?
a. Great Britain
b. Italy
c. United States
d. Canada
Answer:
b. Italy
Explanation:
Even though this % doesn't apply to all corporations, it is still a very small number of shareholders that control corporations (and their board) on average. We can compare this situation to the American normality, where any shareholder that owns 5% or more of a large corporation is considered a major shareholder and must report himself/herself to the SEC as such.
In the US, many of the corporations would be considered closed corporations. The smaller the number of shareholders with large decision power, the less small shareholders can do.
A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Consent of the client before completion of a trade made between the firm and a client must be made when A) an investment adviser will be acting in the capacity of a principal B) a broker-dealer will be acting in the capacity of a principal C) a broker-dealer will be acting as a contra party to the trade D) a broker-dealer will be acting in the capacity of an agent
Answer:
A) an investment adviser will be acting in the capacity of a principal
Explanation:
In case when the consent of the client made prior to completing the trade among the firm and client is made when the investment advisor would be acting as a principal i.e he has a capacity to act as a principal
Therefore in the given situation, option A is correct and the same is to be considered
hence, all other options are incorrect
Palmer goes to a truck dealership and asks for a truck capable of handling a 5000-pound load.He makes it clear that it is up to the salesman to select an appropriate truck.Without saying anything about the truck's load-carrying capacity,the salesman selects a certain truck for Palmer.Relying on the salesman's choice,Palmer buys the truck in question.However,the truck can only handle a 2500-pound load.Palmer wants to sue the dealership because he didn't get the truck he desired.Which of the following product liability theories gives Palmer his best chance of recovery?
A) Express warranty
B) Implied warranty of fitness
C) Implied warranty of merchantability
D) Section 402A
Answer:
Correct Answer:
B) Implied warranty of fitness
Explanation:
A products liability claim normally involves injury or damage caused by a defective product. Proving the claim usually involves one or more of three basic theories of liability: negligence, breach of contract/warranty, and strict liability.
Since there was a bridge of warranty by the truck dealership despite Palmer demanding the best truck, he would be able to sue the dealership under implied warranty of fitness.
James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank A is best for James. James wants an account with the lowest fees. Which checking account would be best for James? Account A Account B Account C Account D
Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
ATM charges are free with this account so he can use the ATM four times in the month at no chargeHe would pay no monthly fees as he uses direct debitHe would pay an annual fee of $0And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.Answer:
account a
Explanation:
Define, and identify the differences between a real estate broker, real estate associate broker, and real estate salesperson.
Answer:
Real estate broker: Attempts to arrange and mastermind land exchanges. This authorized individual has day by day obligations that incorporate composing contracts and managing exchanges for deals and buying exercises on homes, land and business properties.
real estate associat broker: A dealer partner is an individual authorized as a land representative, yet who works in the limit of a sales rep for another mindful agent or enterprise.
real estate sales person: A salesperson helps home purchasers, dealers, or both complete home deal exchanges. Land salespersons are commonly independently employed, yet should work with a land handle and be authorized in the state in which they work.
