Answer:
1. A. Formal
2. C. Instant message
Explanation:
In this scenario, you are running a business and as such the tone of any message to a customer or potential client should always be formal. Since you have a set public policy for the warranty the best communication channel would be Instant Message or E-mail. This way you can provide a copy of your return policy so that the individual understands that you are not obligated to perform any actions since their warranty has already expired.
why shall professional groups shall not be allowed to assign their own professional codes of conduct and police themselves from within
Professional groups should not be allowed to assign their own codes of professional conduct because the organizational ethics set a standard of job compliance.
What is the relevance of the professional code of ethics?These are the rules and policies created to direct the behavior of employees, generating compliance, positive practices at work and standardization of actions, creating a culture favorable to development, cooperation and motivation.
Therefore, individual ethics can be related to individual values and not correspond to organizational values, not guaranteeing the equity of employees.
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What is the journal entry for declaring $9000 dividend to be paid next month
The journal entry for declaring a $9,000 dividend to be paid in the coming month is:
Date Account Title Debit Credit
XX-XX-XXXX Retained earnings $9,000
Dividends Payable $9,000
How is dividend declared recorded?The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.
The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.
In conclusion, retained earnings are debited, and dividends payable are credited.
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which of the following is a tertiary ratio that drives profitability?
Review Later
EBIT / Sales
Net Profit / Sales
EBIT / Net Profit
SG&A Expense / Sales
The SG&A Expense/Sales is the tertiary ratio that drives profitability.
What is SG&A Expense/Sales?This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.
As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.
Therefore, E is correct.
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Providing intellectual property rights can result in which of the following? Select all that apply.
giving access to the property to everyone
the opportunity for an inventor to profit on her idea
a marketing giant taking advantage of an inventor
piracy and lawsuits
a singer getting paid for coming up with a hit song
Providing intellectual property rights can result in in-
the opportunity for an investor to profit from her idea.piracy and lawsuits.What are intellectual property rights?Intellectual property rights provide an authority for individuals to restrict other people to copy or imitate the product or process followed in any invention for a certain period of time.
If a Violation of these rights has been noticed the guilty party has to bear the fines and imposed punishment on them for breach of Contract. One should have been required to take permission from the inventor in order to imitate.
This gives an inventor the chance to make money off of her invention since when permission to copy is requested, they can charge a fee. Additionally, it aids lawsuits and piracy.
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4. What are the major benefits of business ownership?
1.financial rewards
2.learning opportunities
3.independence
4.lifestyle
Describe how the over or under application of overhead should be corrected
Over or under application of overhead should be corrected by closing it to Retained Earnings the Cost of goods sold as well Finished goods Work in process.
What is Retained earnings?Retained earnings serves as the cumulative net earnings of a company after the accounting for dividends.
This can be used to correct the Over or under application of overhead.
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Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.
The memo explaining the business performance findings from the statement of cash flow will entails:
address of the receiversubject of the memobody of the memo.What is a statement of cash flow?This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.
Hence, the memo will inform Ms Loki about business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.
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5.Michelle is an estate agent. She hears from her friend Jonathan that Sarah wants to sell her house. Michelle promises that if she sells Sarah's house and receives her payment, she would pay Jonathan R2 000. She phones Sarah and speaks to her 2ssistant Thabo. Thabo is an employee of Sarah's and manages all of her properties. Michelle offers her services in selling the house at the best possible price. All she wants for her troubles is R20 000. Who in this specific example is the principal? And justify your answer.
In the question that we have here the person that is the principal is Sarah.
Who is a principal?This is the term that is used to refer to a given person that gets another person to work or represent them. That is the other person would be authorized to carry out the transactions such as buying and the selling of properties on their behalf.
In the question, we can see the justification from the fact that the owner of the house Sarah has given the seller or agent the right to act on her behalf on the transaction.
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The average total cost of producing electronic calculators in a factory is $16 at the current output level of 100 units per week. If fixed cost is $530 per week, then what is the firm's variable cost? (enter answer as just a number, no commas, dollar signs, or the like)
The variable cost (related to the production volume) will be 10.7 in total per week (100 units)
100 units x 16 dollar total unit cost = 1600
the total cost is composed of both, variable and fixed costs so we have to subtract the fixed cost to arrive at the variable cost.
total cost = fixed + varible
total - fixed = variable
1600 - 530 = 1070
The variable cost is 1070 in total
while: 1070/ 100 = 10.7 per unit.
Variable costs are costs that change as the quantity changes. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some accounting documents, variable costs are called "cost of goods sold."
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A customer calls in to inquire about your product. They're curious if it's really the right product for their business and they ask if you offer any products that cater to small businesses. What would you do?
1. "I can definitely assist you with finding the best product your business needs. To start, why don’t you tell me about a bit about your business."
2. "We absolutely can help you out! Did you happen to review our website for the packages we offer or maybe you already have a package in mind?"
3. “I'd suggest you try reviewing our packages on our website first. Then we can offer more assistance once you have a better understanding of what you think you need."
Answer:
I would use suggestions 3 so that the customer has a better understanding of the products
There would be the suggestion as related to product “I'd suggest you try reviewing our packages on our website first. Then we can offer more assistance once you have a better understanding of what you think you need.” Thus, the option (c) is correct.
What is product?
The term “product” refers to the item or object can be sold. The product always tangible. The product are manufactured with the help of machines. The product is based on durable and non-durable product. The product is delivered with multiple channels are one level, two level and three level depend on product.
A costumer is call to injury about product features, price, and quality and different question asked. The costumer is very curious about on related to the product and business.
The product company helper to assist the costumer to go to her business website and search the product details and features than choose the product. Then ask any doubt its better understand to costumer.
Therefore, option (c) is correct.
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What distinguishes Six Sigma from traditional continuous improvement?
Continuous process improvement is a universal need. Six Sigma focuses on reducing variance and errors in a production process. That's because processes without consistent dependability eventually lead to errors and defective products.
The fundamental difference between comprehensive quality management and Six Sigma is that TQM offers the highest quality products, while Six Sigma gives better results. Comprehensive quality management refers to the continuous efforts of employees to ensure high-quality products.
Simply put, Six Sigma focuses on customers and final products, and Lean Six Sigma focuses on waste and manufacturing methods. If you are a veteran expert and support quality improvement projects, the Six Sigma Greenbelt is for you.
Six Sigma's methodology helps project managers take their projects to a new level of discipline and commitment. Standard / traditional project management, on the other hand, can be run without an ad hoc implementation. However, with Six Sigma, there is no half-measure that cannot be implemented in stages.
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Imagine you are a manager for a local restaurant. One of your customers asks to speak with
you about their server and his "disappointing service." The customer claims that they have
been sitting at their table for 25 minutes before their server came to greet them. Using the
skills you learned in this unit, describe the steps would you take to resolve this situation so
the customer leaves satisfied.
As a proficient customer service professional, the first step to take in such a situation is to first apologize in the kindest way possible to the customer. It would give the customer comfort to know that the server is corrected immediately while taking charge of the clients order.
What procedure is outlined above?The above procedure is known as conflict resolution under customer care service.
One additional step maybe to keep the costumer company and ensure that they are happy before they leave.
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On January 1 of this year, Nowell Company issued bonds with a face value of $140,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)
What amount of cash is owed to investors on June 30 and December 31 of this year?
Based on the face value of the bonds and the coupon rate, the amount owed to investors by Nowell Company is:
June 30 = $5,250December 31 = $5,250How much is owed to investors?This can be found as:
= (Coupon rate x Face value) / 2 semi annual periods
Solving gives:
= (7.5% x 140,000) / 2
= $5,250
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A $298 petty cash fund has cash of $32 and receipts of $247. The journal entry to replenish the account would include credit to Petty Cash for $247. debit to Cash for $247. debit to Petty Cash for $266. credit to Cash for $266.
The journal entry to replenish the petty cash account is credit to Cash for $266.
How would petty cash be replenished?The amount that needs to be replenished is:
= Petty cash fund - cash
= 298 - 32
= $266
This amount needs to be taken from the cash account which is why the cash account will be credited with $266.
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bottom up approach is not applicable when
Bottom up approach is not applicable systematically to all places in all circumstances.
The bottom-up approach can not be carried out systematically to all locations in all situations.The bottom-up technique is being applied when off-the-shelf or existing additives are decided on and incorporated into the product. An example would encompass choosing a selected fastener, which include a bolt, and designing the receiving components such that the fastener will fit nicely.
When selections are being made at multiple degrees, personnel can be running without checking in with one another. Bottom-up processing is a justification for insights that start with an approaching improvement and operating upwards until an define of the thing is fashioned to us. It refers to processing sensory information as it's miles coming in.
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Normalization
Moore Products uses the allowance method in estimating uncollectible accounts. On December 31, 2022, the balance in Accounts Receivable was $610,000. An aging analysis of the accounts receivable indicated that $29,600 in accounts are expected to be uncollectible.
Prepare the adjusting entry to record estimated bad debts expense using the percentage of receivables basis under each of the following independent assumptions:
(a)
Allowance for Doubtful Accounts has a credit balance of $4,100 before adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:
Bad Debt Expense Account dr........ $25,500
To Allowance for Doubtful Account $25,500
(Being the bad debt expense is recorded)
For recording this, we credit the allowance for doubtful debts, which decreased the value of the assets and debit the bad debt expenditure, which raised the expenses.
Additionally, since there is a credit balance, the account receivable is reduced accordingly.
The amount for bad debt expense Account = $29,600 - $4,100
= $25,500
Hence, The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:
Bad Debt Expense Account dr........ $25,500
To Allowance for Doubtful Account $25,500
(Being the bad debt expense is recorded)
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Firms will generally make-to-order when
Firms will generally make-to-order when the demand for goods is not stable.
What is Make to order?Make to order (MTO) is a production process that involves a customer ordering a specific products which is usually different from the general products.
The products may be customized and its usually done when a company has less demand or work.
Therefore, Firms will generally make-to-order when the demand for goods is not stable.
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Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead.
Overhead Total
Direct
Labor Hours DLH per Product
A B
Painting Dept. $241,700 10,500 8 11
Finishing Dept. 69,700 10,500 5 6
Totals $311,400 21,000 13 17
Using a single plantwide rate, the factory overhead allocated per unit of Product A in the Painting Department is
a.$14.83 per unit
b.$690.57 per unit
c.$118.64 per unit
d.$184.15 per unit
The factory overhead allocated per unit of Product A in the Painting Department is $ .
Given,
Overhead Total direct DLH per product
Labour Hours A B
Painting dept. $241000 10500 8 11
Finishing dept. $69700 10500 5 6
Totals $311400 21000 13 17
Single overhead rate per hour = total overheads/ total labor hours
Now, substituting the values in the formula
Single overhead rate per hour = 311400/21000
= $14.83 per labor hour
Now, direct labor hours for product A for the Painting department = 16 hours
Overhead rate per unit of product A in the painting department = 16 hours × $14.83 per hour
Overhead rate = $237.28 per unit
Thus, Adirondak Marketing Inc. would allocate $237.28 to the painting department for 1 unit of Product A.
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estimates that its office employees will earn $50,000 next year and its factory employees will earn $260,000. The firm pays the following rates for workers’ compensation insurance: $0.42 per $100 of wages for the office employees and $4.60 per $100 of wages for the factory employees. Compute the estimated premiums for the office and factory employees.
Compare and contrast the three modes of communication; monologic, dialogic and resistant background conversations.
The difference between monological and dialogical communication lies in the participation of the people involved in the communication.
What is the difference between the three types of communication?The difference between these three modes of communication is that in monologic one person listens to what another person is saying, in dialogic both participate actively speaking and listening, and in resistant background conversations the participants are completely passive and only hear what others say. .
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What is a key feature of Mixed Reality?
Answer:
different media?hdhdbejdbdb
Explanation:
yeshehssiebeiidj
Citrus Corporation is a calendar year S corporation with the following
current year information:
Operating loss
Liabilities:
$(2,160,000)
Notes payable, Big Apple Bank
360,000
Notes payable, Grapefruit (individual) 360,000
On January 1, Orange (an individual) bought 50% of Citrus Corporation
stock for $540,000. How much of the operating loss may Orange deduct
currently? Assume the excess business loss limitation does not apply.
The amount of the operating loss may Orange deduct currently will be $108000.
How to illustrate the information?It should be noted that the operating loss of a company occurs when the company's operating expenses are more than the gross profit.
The following are given in the information:
Operating loss $(2,160,000)
Notes payable, Big Apple Bank 360,000
Notes payable, Grapefruit (individual) 360,000
Also, it was stated that Orange (an individual) bought 50% of Citrus Corporation stock for $540,000.
Therefore, the amount in this scenario will be:
= 50% × $2160000
= $108000
In conclusion, the amount of the operating loss may Orange deduct currently will be $108000.
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Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.
Year 1 2 3 4 5
FCF -$22.77 $37.1 $43.5 $53 $56.2
The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 3% rate after Year 5. The firm has $26 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. Also, the firm has zero non-operating assets. What is the value of the stock price today (Year 0)? Round your answer to the nearest cent. Do not round intermediate calculations.
$
per share
According to the valuation models developed in this chapter, the value that an investor assigns to a share of stock is dependent on the length of time the investor plans to hold the stock.
The statement above is
-Select-
.
Conclusions
Analysts use both the discounted dividend model and the corporate valuation model when valuing mature, dividend-paying firms; and they generally use the corporate model when valuing divisions and firms that do not pay dividends. In principle, we should find the same intrinsic value using either model, but differences are often observed.
Even if a company is paying steady dividends, much can be learned from the corporate model; so analysts today use it for all types of valuations. The process of projecting future financial statements can reveal a great deal about a company's operations and financing needs. Also, such an analysis can provide insights into actions that might be taken to increase the company's value; and for this reason, it is integral to the planning and forecasting process.
The stock price is mathematically given as
P=$57.64
What is the stock price?Generally, the equation for is Value after year mathematically given as
[tex]V=\frac{(FCF for year 5*Growth rate)}{(WACC-Growth rate)}\\\\V = \frac{(55.4*1.05)}{(0.09-0.05)}[/tex]
V= $1454.25
Hence, the current value is mathematically given as
I=Discounting factor equal to the future cash flows multiplied by their present value
[tex]I=\frac{-22.76}{1.09} + \frac{38.8}{1.09^2}+ \frac{43.4}{1.09^3}+\frac{52.3}{1.09^4}+\frac{55.4}{1.09^5}+\frac{1454.25}{1.09^5}[/tex]
I=$1063.508769
current value for ordinary stock
I'=$1037.508769million
In conclusion, the stock price is
P=(1037.508769/18)
P=$57.64
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Which of the following is true concerning economic growth?
Group of answer choices
A. Nations achieve high rates of economic growth primarily because of their natural resource endowments.
B. Human and physical capital investments are largely irrelevant to economic growth.
C. Poor nations grow slowly because they do not have access to modern technology
D. An institutional environment that provides a strong incentive for people to engage in productive activities will promote economic growth.
The statement that is true is An institutional environment that provides a strong incentive for people to engage in productive activities will promote economic growth. Option D is correct
What is Economic growth?Economic growth is used when a country performs better than the previous years in terms of it economy.
The country may have an increase the in quantity if goods supplied ands demanded that year compare to other years thereby increasing the money in.
Therefore, the statement that is true is An institutional environment that provides a strong incentive for people to engage in productive activities will promote economic growth. Option D is correct
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The return on investment earned by atkins construction company for four successive years was 30% 20% -40% and 200%. What is the geometric mean rate of return on investment?
The geometric mean rate of return on investment is 29.45%
What is arithmetic mean rate of return?
Arithmetic rate of return is the sum of all returns divided by the number of periods for which the returns were indicated.
Arithmetic rate of return=sum of returns/number of returns
number of returns in this case is 4 since the returns were for 4 years
arithmetic rate of return=(30%+20%-40%+200%)/4
arithmetic rate of return=52.50%
What is geometric mean rate of return ?
It is the return computed using a different approach as shown by the formula below:
geometric mean rate of return= ((1 + R1) × (1 + R2) × ... × (1 +Rn))(1/n) - 1
R1=year 1 return=30%
R2=year 2 return=20%
R3=year 3 return=-40%
R4=year 4 return=200%
n=4(the returns for 4 years)
geometric mean rate of return=((1+30%)*(1+20%)*(1-40%)*(1+200%))^(1/4)-1
Remember the return in year 3 is negative 40%, using a positive return would lead a wrong conclusion
geometric mean rate of return=1.2945-1
geometric mean rate of return=29.45%
The geometric mean rate of return on investment is 29.45%
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20 pts
The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.
OA. True
OB. False
This is true that The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.
The contemporary Olympic Games, sometimes known as the Olympics, are the most prestigious international athletic occasions that include summer and winter sports competitions in which thousands of competitors from all over the world take part in a range of activities.
Zeus, the father of the Greek gods and goddesses, was the main focus of the ancient celebration that included the Olympic Games.
Soccer is the most popular sport in the world according to other metrics, and it's also one of the most popular Summer Olympic sports, though it has some competition from swimming and athletics, whose popularity peaks during the Olympics.
The ancient Olympic Games were originally a one-day competition until they were expanded to a three-day competition in 684 BC. The Games were once more expanded to take place over five days in the fifth century B.C. Running, long jumping, shot throw, javelin, boxing, pankration, and equestrian competitions were all part of the ancient Games.
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Which of the following is an example of government expenditures on goods and services
an example of government expenditure on goods and services is D. The purchase of office supplies for the office of the junior senator from New York.
what is government expenditure?this refers to any amount that the government spends in the economy including those that are spent to maintain government activities.
the government spending money on a senator would therefore fall under government spending to maintain itself.
options for this question include:
A. The amount spent on hotel accommodation when tourists visit Washington D.C.
B. The payment of unemployment benefits
C. The salaries paid to Washington correspondents from major networks and newspapers
D. The purchase of office supplies for the office of the junior senator from New York
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I need help.
Question 3 of 24
FICA deductions are an example of a
A. savings
B. voluntary
C. health benefit
D. mandatory
deduction.
Answer:
d ) mandatory deduction
Provide a specific example of how using this skill in your career/industry would make you valuable to a potential employer. Be sure to describe the benefit to the employer, not just the benefit to you - the person who possesses the skill.
Which person is living within their means?
A. Cara earns $1000 a month and spends $1200 by putting some
expenses on her credit card.
OB. Bill earns a high salary but has trouble making his car payment on
time due to his expensive hobbies.
OC. Ella maxed out all three of her credit cards but pays the minimum
balance each month.
D. Dmitri earns $1000 a month and spends $800 on rent, groceries,
and other expenses.
Answer: D
Explanation: I just took the test
Dimitri earns $1000 a month and spends $800 on rent, groceries and other expenses. Therefore Dimitri is living within their means. The correct option is d.
How successfully can a person live within their means?To live within our means, it can be understood that what we spend each month is less than or at least equal to the amount of money we bring in each month. For many people, it’s a lot easier said than done. If we want to live within our means, we have to know what our means are. Simply knowing our annual salary or hourly rate isn’t enough to help us live below our means. We need to know the net income that appears on our paychecks and the amount we have to spend.
We also need to know how often we get paid so we can better match the timing of our income with our bills. Since most of our bills are paid monthly, we’ll need to know how much we get paid every month.
We must multiply weekly paychecks by four, and bi-weekly paychecks by two, to get our monthly pay.
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