"Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.The given statement is true. "
Idea and decides to take the risk of starting and running a business based on it in order to benefit from it.
Entrepreneurs are those who take on the task of starting and running a commercial business with the objective of making a profit. They typically possess vision, creativity, and drive, allowing them to identify opportunities and pursue them with fervor and determination.
Furthermore, they are willing to take the risk of launching a new business, which frequently entails devoting their own time and resources as well as seeking outside investment concept and decides to take the risk of launching and running a business based on that opportunity in order to profit from it.
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Suppose that when the price of root beer rises 10%, the quantity of pizza demanded falls 20%. This would mean that pizza and root beer aresubstitutes, with a cross price elasticity of 0.5.complements, with a cross price elasticity of 0.5.substitutes, with a cross price elasticity of 2.0.complements, with a cross price elasticity of 2.0.
complements, with a cross price elasticity of -0.5. so the correct choice is C.
The cross elasticity of demand, a concept in economics, measures how responsively consumers buy more of one commodity when the price of another one rises.This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the quantity demanded of one commodity by the percentage change in its price.
Cross Elasticity of Demand Formula
E = percentage of change in quantity of x/ percentage of change in the quantitiy of y
E = -10/20
E = -.5
The percentage change in the quantity demanded for one good has an impact on the percentage change in the price of another good, which is measured by the cross elasticity of demand.
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the actual question is :
Suppose that when the price of root beer rises 10%, the quantity of pizza demanded falls 5%. This would mean that pizza and root beer are
1) A) substitutes, with a cross price elasticity of -2.0.
B) complements, with a cross price elasticity of -2.0.
C) complements, with a cross price elasticity of -0.5.
D) substitutes, with a cross price elasticity of 0.5.
The basic premise of just-in-time inventory is
Answer:
below↓↓↓
Explanation:
JIT is a form of inventory management that requires working closely with suppliers so that raw materials arrive as production is scheduled to begin, but no sooner. The goal is to have the minimum amount of inventory on hand to meet demand.Aug 30, 2022
The ______ presentation format assumes that given the right suggestion by a salesperson, the prospect will buy.
The statement that best completes the given question is "suggestion selling" as the blank is talking about a presentation format that assumes that given the right suggestion by a salesperson, the prospect will buy.
Suggestion selling, also referred to as add-on selling, is a sales technique used by salespeople that involves recommending additional products to a customer. The objective is to increase revenue by increasing the average amount spent per transaction. Suggestion selling is built on the concept that customers are more receptive to buying additional items when they are in the process of buying something else.
A salesperson might recommend a related item to the product the customer is already buying or even an unrelated product if it is found to be necessary. This strategy can be effective when done correctly because customers will appreciate when salespeople make suggestions that will improve their experience in the long run.
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true/false. the birth of information technology such as texting and email is giving firms and employees increased flexibility to choose while staying competitive.
It is True that the birth of information technology such as texting and email is giving firms and employees increased flexibility to choose while staying competitive.
The birth of information technology has given firms and employees increased flexibility to choose while staying competitive. Information technology is the use of computers, software, and other electronic devices to manage information. Information technology has allowed firms to streamline their operations, reduce costs, and increase productivity.
With the advent of email and texting, communication between employees has become more efficient and convenient than ever before. This has allowed firms to stay competitive in a fast-paced business environment. Additionally, information technology has allowed employees to work remotely, which has given them greater flexibility in choosing where and when to work.
For example, employees can now work from home, which can help reduce the costs associated with commuting and childcare. Furthermore, information technology has allowed firms to stay competitive by allowing them to quickly respond to changes in the market. For example, firms can use data analytics to analyze customer behavior and adjust their marketing strategies accordingly.
Finally, information technology has also allowed firms to create new products and services that would have been impossible before. For example, the development of smartphones has created a new market for mobile applications. Overall, the birth of information technology has had a profound impact on firms and employees, giving them increased flexibility to choose while staying competitive.
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For certain matters, mutual fund shareholders must receive proxy statements. Each of the following are examples of such matters EXCEPT for
For certain matters, mutual fund shareholders must receive proxy statements. Each of the following are examples of such matters EXCEPT for the election of the board of directors.
A mutual fund is a kind of financial vehicle that pools money from many investors to buy stocks, bonds, or other securities. Mutual funds are managed by professional money managers, who allocate the fund's investments to achieve the fund's objectives and provide returns to investors.
Most mutual funds shareholders do not participate in the fund's decision-making process. If a shareholder wants to express their opinions on these issues, they can vote on proxy statements. Proxy statements must be given to mutual fund shareholders when specific matters arise.
These proxy statements must include a description of the matters up for a vote and directions for voting. Shareholders can either vote in person or by mail. Proxy statements provide a mechanism for shareholders to express their views on critical issues that could affect the fund or the shareholders themselves.
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The following question may be like this:
For certain matters, mutual fund shareholders must receive proxy statements. Each of the following are examples of such matters EXCEPT for
(A) any change in the fund's portfolio of securities
(B) the election of the fund's board of directors
(C) the transition of the fund from one investment objective to another
(D) the transition of the fund from one investment advisory firm to another
is it expected to close external vacancy from a giant telecom company like ethio telecom?
Answer: Common Practice
Explanation:
I don't have access to specific information regarding the hiring policies of Ethio Telecom or any other company. However, it is common practice for companies, especially large organizations, to advertise external vacancies and hire qualified candidates based on their qualifications, experience, and fit with the company's culture and values. Companies often have a structured recruitment process that involves screening applications, interviewing candidates, and selecting the most suitable candidate for the job.
That being said, the competition for jobs at large and well-established companies like Ethio Telecom can be significant, and meeting the job requirements and having relevant experience may not necessarily guarantee a candidate the position. It's always important to prepare well for the job application process, demonstrate a strong work ethic, and highlight your skills and experiences that align with the requirements of the job.
For fixed-rate bonds it's important to realize that the value of the bond has a(n) _______ relationship to the level of interest rates. If interest rates rise, then the value of the bond _____; however, if interest rates fall, then the value of the bond _______
For fixed-rate bonds, it is important to recognize that the value of the bond has an inverse relationship to the level of interest rates. If interest rates rise, then the value of the bond decreases; however, if interest rates fall, then the value of the bond increases.
Bonds are financial assets that corporations, municipalities, and governments use to borrow money. The issuer, or borrower, promises to repay the bondholder or lender, the face value of the bond on its maturity date, as well as a stated amount of interest. Bonds come in a variety of shapes and sizes, each with its own set of risks and advantages. Some bonds have a fixed interest rate, which means that the interest rate does not change during the life of the bond.
Others have a floating interest rate, which means that the interest rate changes periodically over the life of the bond. Fixed-rate bonds, as previously said, have a fixed interest rate that does not change over the life of the bond. As a result, they are regarded as less risky investments because investors know exactly what they will get in terms of interest payments and when they will get them. When interest rates rise, the fixed interest rate on existing bonds becomes less appealing to new investors.
As a result, investors will pay less for existing bonds, resulting in a lower bond price. When interest rates fall, existing bonds with higher interest rates become more appealing to new investors. This increases demand for the bonds, driving up their price. Fixed-rate bonds are sensitive to interest rate shifts because of this inverse connection between interest rates and bond values. As a result, when investing in fixed-rate bonds, investors must keep a close eye on interest rate movements in order to properly time their investments.
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A worker who is laid off because his or her company chooses to move from Wisconsin to North Carolina is counted as ________ unemployment.A) structuralB) cyclicalC) frictionalD) wait
A worker who is laid off because his or her company chooses to move from Wisconsin to North Carolina is counted as A) structural unemployment.
The movement of workers is a recurring phenomenon. Workers relocate because they perceive greater economic opportunities elsewhere, such as higher wages or better living conditions. The reasons for relocating may be personal or professional, such as a job offer, a family emergency, or a lifestyle preference. However, the question refers to unemployment caused by relocation that is beyond the worker's control.
Structural unemployment is caused by structural changes in the economy. For example, if a company relocates, the workers who are unable or unwilling to relocate may become unemployed. Similarly, if technological advances make certain jobs obsolete, workers who lack the necessary skills or training may become unemployed. Structural unemployment is long-term unemployment that is difficult to eradicate.
Policies such as job training programs and job creation initiatives may help to reduce the number of people who are unemployed due to structural changes in the economy. Structural unemployment can be distinguished from other types of unemployment such as frictional and cyclical unemployment. Frictional unemployment is caused by the natural process of workers leaving one job to find another. Cyclical unemployment is caused by fluctuations in the economy. Therefore the correct option is A) Structural.
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which of the following are considered major hurdles to successful global trade? (check all that apply)
Major obstacles to successful global trade are thought to include economic, financial, and legal factors since they can limit entry, raise transaction costs.
Which four powerful factors influence international trade the most?Both the long-term trends and the short-term volatility primarily caused by four variables. Government, foreign business, speculative expectations, and supply and demand are some of these influences.
What are trade barriers and how do they affect international trade?Trade restrictions can impede free trade, aid developed countries, limit the variety of items that can be purchased, increase expenses, lower net income, diminish employment, and harm economic output. The government has significant control over the law, hence this leads to it most often being used as a trade barrier.
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Question:-
Which of the following are considered major hurdles to successful global trade?
O sociocultural forces
O economic and financial forces
O legal and regulatory forces
O physical and environmental forces
Answer:
legal and regulatory forces
economic, and financial forces
Explanation:
Internet or Online Banks are sometimes able to offer
higher interest rates on savings products because they don't have to
spend money on brick-and-mortar bank locations that increase the
companies cost to offer services.
True or false.
It is true that internet or online banks are sometimes able to offer higher interest rates on products because they don't have to spend money on brick-and-mortar bank locations increase companies cost to offer services.
What is a bank?A bank is a financial institution that is authorized to accept deposits from individuals and businesses and use those funds to make loans and investments. Banks are regulated by government authorities to ensure they operate in a safe and sound manner and protect their customers' deposits. Banks offer a range of services to their customers, including checking and savings accounts, loans, credit cards, and investment products. They also provide services such as wire transfers, currency exchange, and safe deposit boxes. Banks generate revenue by charging fees and interest on loans and investments, and by investing their own funds in profitable ventures. In addition to traditional brick-and-mortar banks, there are now online-only banks and mobile banking apps that offer convenient access to banking services.
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roducer Minimum Acceptable Price Actual Price (Equilibrium Price) A $6 $15 B 7 15 C 9 15 D 11 15 E 13 15 Refer To The Provided Table. What Is The Total Producer Surplus In The
Producer Minimum Acceptable Price Actual Price (Equilibrium Price)
A $6 $15
B 7 15
C 9 15
D 11 15
E 13 15
Refer to the provided table. What is the total producer surplus in the market for all producers A, B, C, D, and E?
The total producer surplus in the market for all producers A, B, C, D, and E is $78.
Here's how you can arrive at this solution:
To solve the given question, we have to first find the producer surplus of each producer, and then sum up all the producer surpluses to obtain the total producer surplus in the market for all producers. In order to find the producer surplus of a producer, we can use the formula:
Producer Surplus = Actual Price (Equilibrium Price) - Minimum Acceptable Price
Thus, the producer surplus for each producer is as follows:
Producer Minimum Acceptable Price Actual Price (Equilibrium Price) Producer Surplus
A $6 $15 $9
B 7 15 8
C 9 15 6
D 11 15 4
E 13 15 2
The total producer surplus in the market for all producers A, B, C, D, and E is the sum of the producer surpluses for all the producers:
$9 + $8 + $6 + $4 + $2 = $29 + $49 = $78
Therefore, the total producer surplus in the market for all producers A, B, C, D, and E is $78.
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Explain how a branch manager (rare leader) personal values and principles will contribute helping you function effectively in your new position as branch manager? (write at least 3 to 4 pages assignment)
Answer:
As a new branch manager, it is important to understand how personal values and principles can contribute to effective leadership. The role of a branch manager is multifaceted, requiring a range of skills and qualities, including effective communication, strategic thinking, and problem-solving abilities. Personal values and principles play a critical role in developing these skills and in building strong relationships with employees, customers, and other stakeholders. In this assignment, we will explore how personal values and principles can contribute to effective leadership as a branch manager.
Firstly, personal values and principles can contribute to effective leadership by providing a framework for decision-making. A branch manager must make decisions on a regular basis, ranging from day-to-day operational issues to strategic planning and resource allocation. Having a clear set of personal values and principles can help guide these decisions and ensure they align with the manager's overall goals and objectives. For example, a manager who values transparency and honesty is more likely to communicate openly with employees, customers, and other stakeholders, leading to greater trust and engagement.
Secondly, personal values and principles can help a branch manager build a strong organizational culture. The branch manager is responsible for creating a positive work environment that fosters collaboration, innovation, and high-performance. A manager who values teamwork, respect, and continuous improvement is more likely to foster these qualities in their team members, leading to a positive organizational culture. Additionally, a manager who values diversity and inclusivity is more likely to build a team that is reflective of the broader community, leading to greater customer satisfaction and engagement.
Thirdly, personal values and principles can contribute to effective leadership by promoting ethical behavior and social responsibility. A branch manager must uphold ethical standards and ensure the organization is operating in a socially responsible manner. A manager who values integrity, fairness, and responsibility is more likely to promote these values throughout the organization, leading to greater accountability and ethical behavior. Additionally, a manager who values social responsibility is more likely to implement sustainable practices and contribute to the broader community, leading to a positive impact on society.
Finally, personal values and principles can contribute to effective leadership by fostering personal growth and development. A branch manager must continually develop their skills and knowledge to meet the demands of their role. Having a clear set of personal values and principles can help a manager identify areas for growth and development, leading to continuous improvement. Additionally, a manager who values personal growth and development is more likely to support their employees in their own growth and development, leading to a more engaged and productive team.
In conclusion, personal values and principles play a critical role in effective leadership as a branch manager. They provide a framework for decision-making, help build a strong organizational culture, promote ethical behavior and social responsibility, and foster personal growth and development. As a new branch manager, it is important to reflect on personal values and principles and how they can be leveraged to build a successful and effective team. By embodying these values and principles, a branch manager can create a positive work environment that fosters collaboration, innovation, and high-performance.
Explanation:
The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2019. The average household spent $60 on juice and $30 on cloth in 2019 when the price of juice was $2 a bottle and the price of cloth was $5 a yard. In the current year, 2020, juice is $4 a bottle and cloth is $6 a yard. Calculate the CPI and the inflation rate in 2020. The CPI in 2020 is >>> Answer to 1 decimal place.
The CPI in 2020 is 222 and the inflation rate is 122%.
To calculate the CPI in 2020, we need to find the cost of the CPI basket in 2020 and divide it by the cost of the same basket in the base year (2019) and multiply by 100.
The cost of the CPI basket in 2019 is:
$60 (juice) + $30 (cloth) = $90
The cost of the same basket in 2020 is:
$4 (juice) x ? bottles + $6 (cloth) x ? yards
To find the quantities of juice and cloth bought in 2020, we can use the expenditure shares from 2019. The expenditure share is the proportion of the total expenditure spent on each item.
The expenditure share for juice is:
$60 (expenditure on juice) / $90 (total expenditure) = 2/3
The expenditure share for cloth is:
$30 (expenditure on cloth) / $90 (total expenditure) = 1/3
Using these expenditure shares, we can find the quantities of juice and cloth bought in 2020:
Quantity of juice bought in 2020:
(2/3) x total expenditure in 2020 / price of juice in 2020 = (2/3) x ? / 4
Quantity of cloth bought in 2020:
(1/3) x total expenditure in 2020 / price of cloth in 2020 = (1/3) x ? / 6
Now we can substitute these quantities and prices into the cost of the basket in 2020:
$4 (juice) x [(2/3) x ? / 4] + $6 (cloth) x [(1/3) x ? / 6] = $2?/3
Now we can calculate the CPI in 2020:
CPI in 2020 = ($2?/3 / $90) x 100
Simplifying, we get:
CPI in 2020 = (2?/3) / 90 x 100
CPI in 2020 = ? x 100 / 45
CPI in 2020 = 2.22 x 100
CPI in 2020 = 222
To find the inflation rate, we can use the formula:
Inflation rate = (CPI in 2020 - CPI in 2019) / CPI in 2019 x 100
Inflation rate = (222 - 100) / 100 x 100
Inflation rate = 122%
Therefore, the CPI in 2020 is 222 and the inflation rate is 122%.
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Under MSRB rules, additional requirements must be met when opening an account for:
An employee of another municipal dealer
An officer of another municipal dealer
A minor child of a principal of another dealer
The husband of an officer of another dealer
[A]I and II[B]III and IV[C]I and III[D]I, II, III, and IV
Under MSRB rules, additional requirements must be met when opening an account for An employee of another municipal dealer and A minor child of a principal of another dealer. C. I and III
MSRB (Municipal Securities Rulemaking Board) is the self-regulatory organization of the Municipal Securities Industry. It is the regulator for Municipal Securities Broker-Dealers, Municipal Securities Dealers, Municipal Advisors, and Municipal Securities Investment Advisers. It regulates the activities of Municipal Securities dealers through a series of rules and regulations. The opening of the account is the first and foremost step in the transaction process. There are specific requirements to open accounts for various individuals.
Let's take a look at the requirements for opening accounts for the mentioned individuals:
An employee of another municipal dealer: No additional requirements to open accounts for employees of another municipal dealer. An officer of another municipal dealer: A municipal securities dealer should execute the customer identification program (CIP) with the individual's employing dealer. Also, the dealer should obtain written confirmation from the employing dealer stating that the officer is not prohibited from opening and maintaining the account.A minor child of a principal of another dealer: The dealer should receive written approval from the principal of another dealer to open an account for a minor child of the principal.The husband of an officer of another dealer: A municipal securities dealer should execute the customer identification program (CIP) with the individual's employing dealer. Also, the dealer should obtain written confirmation from the employing dealer stating that the spouse is not prohibited from opening and maintaining the account.Therefore, the correct option is [C]I and III.
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Compare the demand for water with the demand for wine.
The demand for water is likely
A. relatively more inelastic because water is a necessity
B. relatively more elastic because water is a necessity
C. relatively more inelastic because water is a luxury
D. equally elastic as the demand for wine
E. relatively more elastic because water is a luxury
The correct option is (A) relatively more inelastic because water is a necessity.
Demand of water -Society, society and industry require water for many purposes. The water requirement is an accurate estimate of the total amount of water. The unit of water demand he LPCD (liters per person per day). When planning a local water supply system, it is important to determine the total amount of water needed for different purposes
The required amount of water per person is displayed. Per capita water demand = (Total annual city demand in liters/(365 times design population)). The water requirement per person is 335 liters/hour/day.
Conceptually, the two terms do not have the same meaning, but are often simplistically equated with water extraction.
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FILL IN THE BLANK. in television advertising, the formula cost of commercial time/program rating gives the ______ ... provides an estimate of the frequency of an advertisement.
In television advertising, the formula cost of commercial time/program rating gives the CPM which provides an estimate of the frequency of an advertisement.
Television advertising is a marketing strategy that employs television commercials to spread awareness of a product or service. It is the practice of broadcasting adverts during the airing of television programs, typically to achieve a targeted audience.To advertise on television, a company should develop a commercial that promotes its products or services. Television commercials usually consist of brief audiovisual clips that offer a persuasive message to viewers, encouraging them to purchase the advertised goods.
TV commercials have a significant impact on consumers because they can reach a large number of people simultaneously. They also have the power to convey emotion and generate interest in products that might not have received as much attention otherwise. Television advertising campaigns can help businesses build their brands and increase sales in both the short and long term.
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which of the following responsibilities and duties are owed by the principal (i.e., the client) to the agent?
Generally, a principal owes the following duties to the agent: Duty to Compensate, Duty to Reimburse, and. Duty to Indemnify the Agent.
An agency connection may be complimentary or compensated. The principal is required to pay the agent reasonable compensation if the conditions of compensation are not specified in the agency agreement. The agent is entitled to reimbursement from the principal for reasonable expenses incurred in performing her obligations.
The cost of travel, meals, lodging, incidentals, etc., are all included in a reasonable refund. In most cases, a principal is required to hold an agent harmless for liabilities she may incur while carrying out her duties. This typically happens when the principal's directives make the agent liable to a third party.
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Which of the following factors most likely would cause a CPA not to accept a new audit engagement?
A.Management reputation for failing to provide schedules to prior auditors on a timely basis.
B.The CPA's inability to review the predecessor auditor's working papers.
C.Management's unwillingness to make all financial records available to the CPA.
D.The CPA's lack of understanding of the entity's operations and industry.
Option C. Management's unwillingness to make all financial records available to the CPA is the factor that most likely would cause a CPA not to accept a new audit engagement.
A certified public accountant (CPA) is a professional who has passed the Uniform CPA Examination and has met state and additional requirements for certification as a public accountant. A CPA is a knowledgeable accounting professional who can assist you with financial planning, accounting, tax preparation, and investment advice. The audit is a process that can be compared to the completion of a puzzle. The accountant must ensure that all pieces fit properly by conducting tests and evaluations to ensure that the financial statements are complete and accurate. He/She should ensure that there are no "empty spaces" in the financial statements.
The management of an organization or company must provide financial statements to the auditor as a requirement of the audit engagement. The auditor should have unrestricted access to all financial records to achieve an accurate and valid audit result. If the management is unwilling to provide unrestricted access to financial records, the auditor cannot determine the company's actual financial position.
Therefore, in the audit process, the auditor requires unrestricted access to all of the organization's financial records, including electronic and paper documents, to prepare an accurate and valid audit report. So, if the management is unwilling to provide unrestricted access to financial records, the auditor cannot determine the company's actual financial position. This lack of access to records could lead to fraudulent activities by the organization, as well as a lack of transparency and trust between the CPA and management, causing the CPA to decline the new audit engagement. Therefore the correct option is C
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find the compound amount and the amount of interest earned by the following deposit. 4000 at 5.82 coupound continuously for 8 years
The compound amount is $7517.21 and the amount of interest earned by the given deposit is $3517.21.
The compound amount and the amount of interest earned by a deposit of $4000 at 5.82% compounded continuously for 8 years can be calculated as follows:
Compound amount:
Compound amount = P (1 + r/n)nt
Where,
P = Principle amount = $4000
r = Rate of interest = 5.82%
n = Number of times interest is compounded in a year = Continuously
t = Time = 8 years
Therefore, Compound amount = 4000 (1 + 5.82/1)8*1 = $7517.21
Amount of interest earned = Compound amount - Principle amount
Amount of interest earned = $7517.21 - $4000 = $3517.21
Hence, the compound amount is $7517.21 and the amount of interest earned by the given deposit is $3517.21.
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Which journal entry reflects the following transaction?:BOC sold 10,000 shares of $1 par value stock to investors for $5 per share.
The journal entry which reflects the following transaction is given below:
Dr. Cash 50,000
Cr. Common Stock 10,000
Cr. Additional Paid-in Capital 40,000
Journal entries are records of a company's commercial dealings. These transactions are documented in a journal, a book. The very first stage of the accounting cycle is represented by these entries. Diary entries adhere to double-entry accounting, in which each transaction is noted in a minimum of two different accounts.
Diary entries aid in the chronological tracking of all accounting transactions. This aids in avoiding more mistakes during the procedure. Also, these items are useful for creating other financial statements.
Since Cash = 10,000*5 = 50,000 is received
Common Stock = 10,000*1 =10,000 is issued thus credited.
Additional Paid in Capital = 10,000(5-1) = 40,000.
A firm keeps a diary of all of its daily financial dealings. All transactions have been accurately documented. The financial statements won't give a genuine and fair picture of the company's financial situation if the correct procedures aren't followed while creating a journal.
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Complete question:
Which Journal Entry Reflects The Following Transaction?: BOC Sold 10,000 Shares Of $1 Par Value Stock To Investors For $5 Per Share. A)Dr. Cash 50,000 Cr. Common Stock 10,000 Cr. Additional Paid-In Capital 40,000 B)Dr. Cash 10,000 Cr. Common Stock 10,000 C)Dr.
Which journal entry reflects the following transaction?:
BOC sold 10,000 shares of $1 par value stock to investors for $5 per share.
a)Dr. Cash 50,000
Cr. Common Stock 10,000
Cr. Additional Paid-in Capital 40,000
b)Dr. Cash 10,000
Cr. Common Stock 10,000
c)Dr. Cash 50,000
Cr. Common Stock 50,000
d)Dr. Cash 50,000
Cr. Common Stock 40,000
Cr. Additional Paid-in Capital 10,000
e)Dr. Common Stock 10,000
Dr. Additional Paid-in Capital 40,000
Cr. Cash 50,000
Implementation of an ERP system requires effective segregation of responsibility for
A) recording, risk assessment, and control procedures.
B) authorization, monitoring, and risk assessment.
C) recording and monitoring of organizational assets.
D) authorization, recording, and custody of organizational assets.
The successful implementation of an ERP system necessitates the segregation of responsibility for authorization, recording, and custody of organizational assets, among other things.ERP system implementation is a complex process that necessitates a high degree of coordination and responsibility. option D is correct answer
To ensure effective segregation of responsibilities, there are several procedures that must be followed. First and foremost, the organization must conduct an assessment of existing internal controls to determine areas where there is a risk of fraud or error. The second stage is to establish policies and procedures to ensure that the segregation of responsibilities is enforced consistently. Finally, the organization must train its personnel to ensure that they are aware of their respective roles and responsibilities.An ERP system's successful implementation is heavily reliant on effective segregation of responsibility for authorization, recording, and custody of organizational assets. It entails more than just the segregation of responsibilities. Effective control mechanisms, policies, and procedures must be established to ensure that the segregation of responsibilities is enforced consistently. Training personnel on their respective roles and responsibilities is also critical. This will improve communication and coordination and reduce the risk of fraud and error.The segregation of responsibilities helps to protect organizational assets from theft or misuse. For instance, the person in charge of custody should not be the same person in charge of recording or authorizing transactions. The segregation of responsibilities aids in the detection of errors or fraud by establishing an independent review process. When different individuals are responsible for different aspects of a transaction, it becomes more difficult for someone to conceal their misconduct.for more such question on communication
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Which term best refers to a well-connected person who does not make the buying decision but has an impact on the person who does?A) gatekeeperB) referralC) prospectD) intermediaryE) center of influence
The term that best refers to well-connected person who does not make the buying decision but has an impact on person who does is the center of influence.
What is a decision?A decision is a choice made by an individual or group after considering various options and possible outcomes. It involves selecting the best course of action from available alternatives, based on a set of criteria, preferences, and values. Decisions can be made consciously or unconsciously and can range from simple to complex. They can be influenced by a variety of factors, including emotions, biases, beliefs, and external pressures. The process of making a decision typically involves gathering information, analyzing it, and weighing the pros and cons of each option. Effective decision-making requires critical thinking skills, the ability to manage uncertainty, and the willingness to take risks and learn from mistakes.
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Explain why after 12 years of schooling, a large number of young people are
not qualified to find a job.
Answer:
Many teenagers have a hard time finding their very first job for the same reason that they want it, they have never had one before. Their lack of experience can put off a lot of employers and make it very difficult for them to get hired.
Explanation:
Answer the questions based on the data in the table. Round all answers to two places after the decimal. Earner Sally Steve Jamie Pat What is Sally's tax rate? Income tax amount S30514.11 $47116.01 $58117.75 $72593.52 Annual income amount $92467.00 $162469.00 $232471.00 $302473.00 What is Pat's tax rate? What is the nature of this income tax system? O regressive O proportional O progressive
Sally's tax rate = 30,514.11/92,467.00 = 0.33 or 33.00%. Pat's tax rate = 72,593.52/302,473.00 = 0.24 or 24.00%. This income tax system is progressive, as the rate of taxation increases with an increase in income.
What is income tax?Income tax is a tax imposed by the government on individuals or businesses (called taxpayers) based on their taxable income. It is usually based on a person's income or a business's profits. Taxable income is the amount of money a person or business earns during a year that is subject to taxation. It may include wages, salaries, interest, dividends, capital gains, bonuses, rentals, commissions, and other sources of income. Income tax is typically calculated as a percentage of the taxpayer's income and is paid in installments throughout the year. The amount of income tax due depends on the amount of taxable income and the taxpayer's filing status. It is important to note that income tax is only due on income that is taxable, meaning some forms of income may be excluded from taxation.
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if marginal cost is rising in a competitive firm's short-run production process and its average variable cost is falling as output is increased, then
If marginal cost is rising in a competitive firm's short-run production process and its average variable cost is falling as output is increased, then the firm is operating at a level of output where marginal cost is greater than the average variable cost.
Marginal cost is a measure of the extra cost that is associated with producing one more unit of output. It is the difference between total cost and total variable cost, divided by the change in output. Average variable cost (AVC) is a measure of the variable cost per unit of output. AVC is calculated by dividing total variable cost by the quantity of output produced. Therefore, the average variable cost curve is a U-shaped curve because of the law of diminishing marginal returns.
The relationship between marginal cost and average variable cost is that the AVC curve is U-shaped and its minimum point corresponds to the point where the marginal cost curve intersects the AVC curve. When the AVC curve is falling, marginal cost is below the average variable cost. When the AVC curve is rising, marginal cost is above the average variable cost. Therefore, when marginal cost is rising and average variable cost is falling, the firm is operating at a level of output where marginal cost is greater than the average variable cost.
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the family, school, church and the work place represent important social Institutions that affects entrepreneurship development. discuss
Answer:
The family, school, church and the work place are all important social institutions that affect entrepreneurship development.
Family: Families are often the first place where an individual’s entrepreneurial ambitions are nurtured and encouraged. Parents can create a culture that supports creativity, encourages risk taking, and allows for mistakes in order to foster a spirit of entrepreneurship in the home. Family networks provide the necessary resources such as financial support and emotional support that many entrepreneurs need to take their initial risks.
School: Schools play an important role in the development of future entrepreneurs. By teaching students about business, economics, and finance, they lay the foundation for a successful career in the business world. Additionally, schools may offer extracurricular activities such as clubs or competitions that enable students to apply their theoretical knowledge to the real world. These experiences often provide invaluable lessons that help to shape future entrepreneurs.
Church: The church also plays a role in encouraging entrepreneurial behavior. Churches often provide mentorship opportunities, where business professionals and budding entrepreneurs can share knowledge and experiences. In addition, churches may also provide valuable advice and counsel to would-be entrepreneurs on ways to obtain capital and develop plans for successful businesses.
Work Place: The workplace can be an invaluable resource for learning how to function as an entrepreneur. Through exposure to experienced managers and executives, aspiring entrepreneurs can learn the necessary skills to build a successful business. Additionally, many companies offer internships, apprenticeships, and other programs that can provide
TRUE OR FALSE as a customer adopts jit purchasing, the typical order size shrinks and more frequent deliveries are required.
The given statement is true because JIT purchasing is a process in which orders are placed with suppliers to receive smaller amounts of goods more frequently, rather than ordering in bulk.
This eliminates the need for excess inventory, as inventory is only ordered when it is needed.
As a result, the typical order size is typically smaller than it would be with other ordering methods and more frequent deliveries are required.The benefits of JIT purchasing include lower inventory costs, fewer storage costs, and improved customer service.
Lower inventory costs result from a reduced need to store extra inventory, and fewer storage costs result from ordering smaller amounts of goods. Improved customer service is a result of receiving goods faster, allowing customers to receive orders more quickly.
In conclusion, as a customer adopts JIT purchasing, the typical order size shrinks and more frequent deliveries are required. This method of ordering brings a variety of benefits to the customer, including lower inventory costs, fewer storage costs, and improved customer service.
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John is a big fan of ABC Company and has been buying shares of ABC common stock over the years. Recently, John was advised that he will have to begin to file reports with the SEC regarding his ownership of ABC common stock. This means that John is now considered an Insider and has become the owner of more than
A] 3% of the outstanding common stock of ABC.
B] 8% of the outstanding common stock of ABC.
C] 10% of the outstanding common stock of ABC.
D] 15% of the outstanding common stock of ABC.
This means that John is now considered an Insider and has become the owner of more than 15% of the outstanding common stock of ABC option D is correct.
John is a big fan of ABC Company and has been buying shares of ABC common stock over the years. Recently, John was advised that he will have to begin to file reports with the SEC regarding his ownership of ABC common stock. As John owns more than 15% of the outstanding common stock of ABC, he has become an insider by operation of law. Under the Securities Exchange Act of 1934, insiders are required to file various reports with the Securities and Exchange Commission (SEC).The Securities Exchange Act of 1934 requires insiders to file Form 3 with the SEC within ten days of becoming an insider. Form 3 is a statement of ownership, and insiders use it to disclose their positions in securities. John will have to file Form 3 with the SEC to report his ownership of more than 15% of the outstanding common stock of ABC.The SEC has also required insiders to file Form 4. Form 4 is filed to report transactions in securities. Insiders use Form 4 to disclose transactions in securities, including purchases, sales, and gifts. John will have to file Form 4 with the SEC to report transactions in securities.In addition to Forms 3 and 4, insiders are also required to file Form 5. Form 5 is filed to report transactions that should have been reported earlier on Forms 3 and 4 but were not. John will have to file Form 5 with the SEC to report any transactions that should have been reported earlier on Forms 3 and 4 but were not.for more such question on transactions
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Which of the following traits has a negative affect or job search.
A) proactive personality
B. Extroversion
C. Low self efficacy
D. Positive affect
E. Conscientiousness
Self-efficacy is low. An individual could not be chosen due to this factor. (Choice c)
How would you define low self-efficacy?In anxiety disorders, poor self is systematically associated with an increase in dread and avoidance behaviour (Williams , Watson, 1985). So, a rise in perceived belief about one's ability to deal with dangerous situations coincides with a drop in phobic behaviour. Self-efficacy in psychology refers to a person's confidence in their ability to take the actions required to achieve particular objectives. Albert Bandura, a psychologist, was the one who first put out the idea. Self-efficacy has an impact on all aspects of human activity.
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Bob's brother , Steve, planned to visit over Labor Day weekend , on Saturday, Sunday, and Monday . Together they planned to build a deck in Bob's backyard . Bob ordered the lumber , concrete , nails, and other supplies to be delivered on Friday . He also arranged to rent a saw for the weekend (Saturday, Sunday and Monday) at a cost of $20 per day. When he went to pick up the saw, the store had already rented it. He drove all over town trying to borrow another saw, using up a $40 tank of gas, but could only get one for Sunday, Monday, and Tuesday, at a cost of $50 per day. Because they couldn't work on Saturday without a saw, Bob had to hire Mac at a cost of $80 to work for him on Tuesday, and, of course, Bob had to take off from work on Tuesday, losing $ 160.00 in wages. Calculate the damages to which Bob is entitled . How much is he entitled to (give a specific dollar amount)? Why? Explain your answer.
Answer:
Bob is entitled to $230 in damages.
To arrive at this answer, we can add up all the costs that Bob incurred due to the saw rental issue and hiring Mac.
First, Bob had arranged to rent a saw for three days at a cost of $20 per day, so the total cost was supposed to be $60. However, since the store had already rented it out, Bob had to drive around and spend $40 on gas, which brings the total cost up to $100. Then, he had to rent a saw for three days (Sunday, Monday, and Tuesday) at a cost of $50 per day, which comes to a total of $150.
In addition to the saw issue, Bob had to hire Mac to work for him on Tuesday, at a cost of $80. Bob also lost a day of wages when he took off from work on Tuesday, which was worth $160.
Therefore, the total damages that Bob is entitled to are $100 (for the wasted saw rental and gas) + $150 (for the new saw rental) + $80 (for hiring Mac) + $160 (for lost wages) = $490. However, since Steve was planning to help Bob build the deck, and Bob hired Mac to take his place, Steve should be responsible for half of the damages. So Bob is entitled to half of $490, which is $245.
In summary, Bob is entitled to $230 ($245 - $15 for the gas he would have used if the saw was available as planned) because he incurred additional costs due to the saw rental issue and had to hire someone else to help him build the deck.
