Answer:
NPV= $14,209.75
Explanation:
The net present value of the project means the present value of all future cash flows, in years 1-3, discounted at the appropriate project's discount rate of 5% minus the initial investment outlay of $5000.
Note that all negative cash flows would be shown as negative in the computation of the net present value.
The present value of a single future cash flow can be determined using the present value formula of a single cash flow provided below:
PV=FV/(1+r)^N
FV=future cash flow
r=discount rate=
n=the year of cash flow, 1 for year 1 cash flow, 2 for year 2 cash flow, and so on.
NPV=$10000/(1+5%)^1+$10,000/(1+5%)^2-$2000/(1+5%)^3-$5000
Note year zero cash flow needs not to be discounted since it is stated in its today's worth, the present value equivalence
NPV=$11,866.43
Note the closest option, in this case, is the one that is very close to the correct answer, which is $14,209.75, some questions are set with the requirement that one chooses an approximate answer, where the precise answer is not available
A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
when the japanese tsunami caused a disruption in the manufacturing of parts by suppliers, its effect was felt by car companies in japan because
The Japanese tsunami caused a significant disruption in the manufacturing of parts by suppliers, and its effects were felt by car companies in Japan because these companies rely heavily on a well-coordinated and efficient supply chain.
The tsunami damaged factories, infrastructure, and transportation systems, leading to a slowdown or halt in production for many suppliers. As a result, car companies in Japan faced shortages of crucial components required for assembling vehicles, such as electronics, metal parts, and rubber components. This, in turn, impacted their ability to manufacture and assemble cars at their usual pace, leading to delays in production and delivery schedules. The disruption caused by the tsunami exposed the vulnerabilities of this system, as any significant interruption in the supply chain can lead to production stoppages and financial losses.
Furthermore, the effects of the tsunami were not limited to Japan, as Japanese car companies have a significant global presence and many of their suppliers are part of a worldwide network. This global interconnectedness meant that car manufacturers in other countries, who rely on Japanese suppliers for components, were also affected by the disruption, leading to a ripple effect throughout the automotive industry. In conclusion, the Japanese tsunami's disruption of parts manufacturing had a profound impact on car companies in Japan due to their reliance on a well-functioning supply chain, just-in-time inventory management, and their interconnectedness within the global automotive industry.
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Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
offering information about a customer's competitor in exchange for an order is unethical. select one: true false
True. This could be seen as unethical as it could be seen as an attempt to exploit the customer's lack of knowledge about their competitor and gain an advantage in negotiations.
What is customer?Customer is an individual or organization that purchases goods, services or experiences from a business. Customers have the power to make or break a business and are the lifeblood of any economic system. Companies need to understand their customers’ needs, wants and values to be successful. Companies must also understand the customer’s role in the purchase process and their decision-making criteria. Companies must also take into account customer service, customer experience, and customer loyalty. Companies must be willing to go the extra mile to provide a positive customer experience and keep customers coming back for more.
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Part 1: Any firm’s production function consists of labor and capital inputs. Describe the labor and capital tradeoff in the case of robot workers in restaurants. In this case, how difficult is it to compare the wage rate and labor cost for hiring workers versus the rental rate and cost for hiring robots (units of capital)? Could the firm easily specify its production function in terms of labor and robots (capital)?
Part 2: Describe how customers would likely view a robot versus a worker. Would management view customers and robots the same way as customers view them? Does automating some jobs give workers more or less flexibility and incentives both at this firm and on the job market in general? Describe the cost of monitoring performance. Can positive or negative worker incentives improve worker productivity over technical improvements to robots? How does the mix between capital and labor impact the reliability of service? Is there a maximum, or fixed, level of robots that can be used, especially in the short-run?
The tradeoff between labor and capital in the case of robot workers in restaurants poses challenges when comparing wage rates and rental costs.
Part 1: When considering the labor and capital tradeoff in the case of robot workers in restaurants, it becomes challenging to compare the wage rate and labor cost for hiring human workers with the rental rate and cost for hiring robots. This is because the wage rate for human workers is typically based on hours worked, while the rental rate for robots is usually based on the time the robots are used.
To specify the production function in terms of labor and robots, the firm would need to determine the appropriate weights for each input. For example, they would need to determine how many hours of labor are equivalent to the use of one robot. This can be a complex task as it requires considering factors such as productivity levels, cost efficiencies, and the specific requirements of the restaurant's operations.
Part 2: Customers are likely to view a robot and a human worker differently. Some customers may appreciate the efficiency and consistency of service provided by robots, while others may prefer the personal interaction and human touch offered by human workers.
Management may view customers and robots differently as well. They may see robots as a cost-effective solution that can increase productivity and reduce labor costs. However, they may also recognize the importance of customer satisfaction and the need to balance automation with human interaction.
Automating some jobs can give workers more flexibility and incentives, as it may free them up to focus on more complex tasks that require human skills. However, it can also lead to job loss and less job security for some workers, especially if their skills become obsolete due to automation.
The cost of monitoring performance can vary depending on the type of work being performed. Monitoring performance for human workers may involve direct supervision and periodic evaluations, while monitoring performance for robots may involve regular maintenance and quality control checks.
Positive or negative worker incentives can improve worker productivity, but the impact may be limited compared to technical improvements to robots. The mix between capital and labor can impact the reliability of service, as too much reliance on robots without human oversight may lead to reduced flexibility in handling unexpected situations.
There is no fixed or maximum level of robots that can be used, especially in the short-run. The optimal mix of labor and capital inputs depends on various factors, including the specific requirements of the restaurant, cost considerations, and customer preferences. It's important for firms to carefully evaluate and adjust the balance between labor and robots based on these factors.
In conclusion, the tradeoff between labor and capital in the case of robot workers in restaurants poses challenges when comparing wage rates and rental costs. Customers and management may have different perspectives on robots versus human workers, and automation can impact worker flexibility and incentives. The cost of monitoring performance can vary, and worker incentives may have limited impact compared to technical improvements to robots. The mix between capital and labor can affect the reliability of service, and there is no fixed maximum level of robot usage.
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What is the risk you are taking when investing in bonds? How can you minimize this risk?
Answer:
Risk: The bonds you own will decline if interest rates rise, interest rate risk.
Minimalize:
- Don't buy bonds when interest rates are low or rising. Buy when stable.
- Stick to short term issues (3 - 5 years)
- Buy bond with different maturity dates
Explanation:
Good luck <3
Currently, you can exchange $1 for SF 1.14. Assume that the average inflation rate in the U.S. over the next two years will be 2.5 percent annually as compared to 3 percent in Switzerland. Based on this information and relative purchasing power parity, which one of the following assumptions can you make regarding the next two years?
A. The Swiss franc will appreciate against all currencies.
B. The Swiss franc will appreciate against the U.S. dollar.
C. The U.S. dollar will appreciate against all currencies.
D. The U.S. dollar will appreciate against the Swiss franc.
E. Both the U.S. dollar and the Swiss franc will appreciate against all other currencies.
In the next two years, the U.S. dollar will appreciate against the Swiss franc.
Exchange rate is the rate at which one currency is exchanged for another currency. In this equation $1 would be exchanged for SF1.14.
Purchasing power parity theory states that the same basket of books would cost the same when the exchange rate between the countries have been adjusted for. If the inflation rate of one country is expected to increase more than that of the other country, the country with the higher inflation rate, will experience a depreciation of its currency.
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Which resource can you use to view businesses or suppliers divided into different categories?
You may use online or offline _________
to view businesses or suppliers classified into different categories.
Answer:
yellow pages
Explanation:
It's "Yellow Pages" :)
I got it right on plato <3
All else equal, bond price volatility is greater for __________.
shorter maturity
higher coupon rates
lower coupon rates
lower default risk
All else equal, bond price volatility is greater for higher coupon rates. Therefore, the correct answer is option B.
Bond price volatility is the extent to which a bond price fluctuates due to the changing in interest rates. It's caused mainly by interest rate changes. When the rate rises, the bond price falls; when the rate falls, the bond price rises.
There are two factors that affect a bond's volatility: its coupon rate and the age of the bond (or the time it will be retired. It's also called maturity date or call date). Bonds that have low coupon rates have greater price volatility. Of course, market conditions also have a big effect on bond's volatility.
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Employees sense of __________ usually would reserve loss of a job for the most serious offenses.
Employees' sense of job security usually would reserve loss of a job for the most serious offenses. When employees feel secure in their jobs, they are more likely to be productive, loyal, and committed to their organization.
Job security refers to the perception of employees that they will retain their jobs for a certain period or until they retire, as long as they perform their duties satisfactorily and the organization remains profitable. Job security is a key factor in determining employee job satisfaction and engagement. When employees feel secure in their jobs, they are more likely to be motivated, committed, and invested in their work. They are also more likely to participate in training and development activities, which can enhance their skills and knowledge. Employers can promote job security by providing employees with clear job descriptions and performance expectations, regular feedback and recognition, fair and consistent treatment, and opportunities for advancement and career growth. Employers should also communicate openly and transparently with employees about the state of the organization and any potential changes that could impact job security.
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2. Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility. a. True b. false
The statement "Once someone is promoted to facility manager, the job becomes easier because the person has subordinates who can help them. Therefore, they do not need to spend as many hours at the facility" is false because the promotion to the position of facility manager often means that more responsibilities are entrusted to the person holding that position and the job becomes more challenging.
Facility management involves a wide range of responsibilities and duties that are essential for the smooth operation and maintenance of a facility.
Once someone is promoted to the position of facility manager, they become responsible for supervising the daily operations of the facility, coordinating with various teams, overseeing facility maintenance and repairs, ensuring compliance with safety and health standards, and managing the facility's budget and resources.
As such, the job of a facility manager can become more demanding after their promotion. Although subordinates may provide support, they do not take away the facility manager's responsibility for ensuring that all aspects of the facility's operation are running smoothly.
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Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it." The company has worked to keep control of the business in the family. The vice president of operations, Cooper Skot, is Dalton's brother, and the new product development manager is his sister, Sloan Skot. Dalton and Cooper have big plans to grow the company by 50 percent over the next five years. Sloan says her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Some of her special project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
The matchup are:
Mission Statement: His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.
Vision Statement: To grow the company by 50% over the next five years.
Strategic Planning: To achieve the goal of growing the company by 50% over the next five years.
Tactical Planning: Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.
Operational Planning: Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
What is the mission statement?In this text, the importance of mission and vision statements, as well as the three levels of planning, is discussed in the context of a fishing lure production company led by CEO and president Dalton Skot. The company's mission is to provide professional-quality products accessible to recreational anglers without sacrificing their retirement savings.
Therefore, The vision is to help every person reach their highest fishing potential. The company has been successful in keeping control of the business within the family, with Dalton's brother Cooper serving as the vice president of operations and his sister Sloan serving as the new product development manager.
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See text below
Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.". It looks like the company has done some serious planning to support its "tall tale" of success. Match each term with the correct statement or level of management planning. Tactical Planning N Vision Statement Mission Statement Operational Planning Strategic Planning paints Skipped Match each of the options above to the items below. eBook References His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down. Match each of the options above to the items below. His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
Agnestorm, a game designing company, has one opening each for the positions of game designer, game programmer, and game artist. The company decides to invite walk-ins to find the right candidates to fill these positions. In this scenario, Agnestorm is engaged in the process of _____.
Answer:
External recruiting
Explanation:
External recruitment is the evaluation made with respect to the pool of job candidates without considering the existing staff to watch whether there is skilled or qualified candidate to fill existing job vacancies. Basically it is a process of searching outside so that they could fill the vacancies of the organization
So according to the given situation Agnestorm would be engaged in the process of external recruiting
What will you be learning in BIM this semester?
Microsoft Excel, Access
Math Skills
Exercise Routines
Adobe Illustrator
The correct answer is Abode illustrator. It is a vector graphics editor and design program developed and marketed by Adobe Inc.
What is BIM?Throughout the course of a project, BIM involves the creation of intelligent 3D models as well as the management, synchronisation, and stimulation of documents.
Building and infrastructure designs are created and documented using BIM. BIM is used to model all construction-related elements.
BIM is a technique that integrates 3D models from several disciplines with standardised models to guarantee the continuity of commercial project planning, design, and development.
With the use of a new design and development technology called BIM, designers may fine-tune cost projections based on the actual components that can be used during construction and their predictions.
BIM enhances team management and collaboration, enabling quick adjustments to development and planning procedures by various team members.
It gives contractors useful information to get quick planning and accurate project cost estimates.
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The correct answer is Abode illustrator. It is a vector pictures editor and plan application developed and marketed via Adobe Inc.
What do you recognize via BIM?Building Information Modeling (BIM) is the foundation of digital transformation in the architecture, engineering, and development (AEC) industry. As the leader in BIM, Autodesk is the industry's accomplice to understand better ways of working and higher consequences for enterprise and the built
iltworld. Try software.
What do you research in BIM?BIM is the process of growing intelligent 3D fashions and managing, coordinating, and stimulating files all through the mission existence cycle (planning, designing, building, operating, and maintenance).
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What does the concept of scarcity explain?choose three answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?
Answer:
you can advertise it through social media jazz your creativity too it will attract more attention if it is unique
A workshop is a meeting in which individuals do physical labor.
False
True
TRUEEEEEEEEEEEEEEEEEEEEEEE
Answer:
Its trueeeeeeeeeeeeeeeeee
.In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. All data are in billion dollars:
Category Value
Consumption 4,500
Gross Investment 1,200
Depreciation 655
Profits 655
Exports 500
Compensation of Employees 5240
Government Purchases 900
Direct Taxes 750
Saving 546
Imports 550
Find GDP using the (a) expenditure and (b) income approach.
The Gross Domestic Product (GDP) of a nation is the sum of all final goods and services produced in that nation over a specified period.
There are two approaches to calculate GDP: expenditure approach and income approach. Given, Category Value Consumption 4,500Gross Investment 1,200 Depreciation 655Profits 655Exports 500Compensation of Employees 5240Government Purchases 900Direct Taxes 750Saving 546Imports 550(a) Expenditure Approach: GDP = C + I + G + (X - M)where, C = Consumption I = Gross Investment G = Government Purchases X = Exports M = Imports Substituting the given values, we have, GDP = 4,500 + 1,200 + 900 + (500 - 550)GDP = $4,500 + $1,200 + $900 - $50GDP = $7,550 billion(b) Income Approach: GDP = compensation of employees + gross profits + taxes on production and imports + depreciation + net indirect taxes Substituting the given values, we have, GDP = 5,240 + 655 + 0 + 655 + 0 - 750 + 655 + (-655)GDP = $5,000 billion Thus, the main answer is: Using the expenditure approach, GDP is $7,550 billion. Using the income approach, GDP is $5,000 billion.
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Of the following sources of external finance for American nonfinancial businesses, the least important is
A) loans from banks.
B) stocks.
C) bonds and commercial paper.
D) loans from other financial intermediaries
B) Stocks are the least significant of the following forms of outside funding for American nonfinancial enterprises.
How do stocks work?
It encompasses all of the different characteristics and features that go into producing a good or service, from the raw materials needed to make them to their designs, marketing strategies, and distribution channels. All of these factors affect how consumers perceive a good or service in contrast to its competitors. The result is where the product or service is positioned on the market.
Businesses make strategic decisions for market positioning based on a range of variables, including price and quality. A product or brand, however, might exist in other contexts besides these. They also compete on "use and application" and "attributes and advantages," or what it is, what it accomplishes for consumers, and how it accomplishes it.
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International trade is fundamentally a?
International trade is fundamentally a win win situation.
What is international trade?International trade is the process by which goods and services are traded between countries. People and countries have access to goods and services that are either unavailable or more expensive domestically because to global trade.
The exchange of money, goods, and services across international boundaries or regions is a result of a need or desire for certain commodities or services. The bulk of countries' gross domestic products benefit greatly from this trade.
The most common types of trade restrictions are tariffs, quotas, and nontariff barriers. In international trade, a tariff is an import tax imposed by the federal government that raises the price of the good for the customer. Often referred to as fees or import duties, tariffs usually begin by placing restrictions on certain goods.
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acme partnership has had the following gross receipts since its formation: $22,800,000 in 2018, $24,600,000 in 2019, $33,800,000 in 2020, $29,000,000 in 2021, and $32,000,000 in 2022. acme is not a tax shelter. partner meile, inc. is a c corporation. in which tax years (2018 to 2022) must acme use the accrual method?
Acme Partnership must use the accrual method in tax years 2019, 2020, 2021, and 2022.
According to the Internal Revenue Service (IRS) regulations, a partnership is generally required to use the accrual method if its average annual gross receipts for the three preceding tax years exceed $25 million. In Acme's case, the average annual gross receipts are as follows:
- For 2018: Not applicable, as there are no preceding tax years.
- For 2019: ($22,800,000) / 1 = $22,800,000 (accrual method not required)
- For 2020: ($22,800,000 + $24,600,000) / 2 = $23,700,000 (accrual method not required)
- For 2021: ($22,800,000 + $24,600,000 + $33,800,000) / 3 = $27,066,667 (accrual method required)
- For 2022: ($24,600,000 + $33,800,000 + $29,000,000) / 3 = $29,133,333 (accrual method required)
Based on these calculations, Acme Partnership must use the accrual method for tax years 2019, 2020, 2021, and 2022.
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*entrepreneurship*
why it is important to adapt to the sudden changes in
your environment?
Because if your mining company gets flooded and you can't mine for a few years you have to be able to find new mines or sell you equipment, or even the mine it's self.
-A mine not producing, is a mine that's losing.
You can apply this to almost anything, but it's most prominent in evolution and Business. in Evolution you die, and in business, if you company is losing money it will die so you have to adapt to sudden changes to avoid imminent death.
Hope this helps.
-Trey Tucker
1. The stated interest payment, in dollars, made on a bond each period is called the bond's: A) Coupon. B) Face value. C) Maturity. D) Yield to maturity. E) Coupon rate.
The bond's coupon is the specified interest payment made on it each period in dollars.
The stated interest payment, in dollars, made on a bond each period is called the bond's Coupon. The period refers to the time interval at which the interest payment is made, such as annually, semi-annually, or quarterly. The bond's face value refers to the amount of money the bond will be worth at maturity, while the maturity refers to the date when the bond will be fully paid off. The yield to maturity refers to the total return anticipated on a bond if held until it matures. The coupon rate is the percentage of the bond's face value that will be paid out as interest each period.
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multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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The following are the trial balance ind the other information related to Perez Consulting Engineers. Perez Consulting Engineers Trial Balance December 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 49,600 Allowance for Doubtful Accounts $750 Supplies 1,960 Prepaid Insurance 1,100 Equipment 25,000 Accumulated Depreciation-Equipment 6,250 Notes Payable 7,200 Common Stock 10,000 Retained Earnings 25,010 Service Revenue Rent Expense 9,750 Salaries and Wages Expense 30,500 Utilities Expenses 1,080 Office Expense 720 $149,210 $149. 210 1. Fees received in advance from clients $6,000, which were recorded as revenue. 2. Services performed for clients that were not recorded by December 31, $4,900. 3. Bad debt expense for the year is $1,430. 4. Insurance expired during the year $480. 5. Equipment is being depreciated at 10% per year. 6. Perez gave the bank a 90-day, 10% note for $7,200 on December 1, 2020. 7. Rent of the building is $750 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense. 8. Office salaries and wages earned but unpaid December 31, 2020, $2,510. Instructions:A. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Omit explanations). B. Prepare an income statement for 2020, a retained earnings statement, and a classified balance sheet. Perez paid a $17,000 cash dividend during the year (recorded in Retained Earnings)
The adjusting entries for Perez Consulting Engineers as of December 31, 2020, are as follows: Total Liabilities and Equity $102,880
1. To recognize unearned revenue:
Debit: Unearned Revenue $6,000
Credit: Service Revenue $6,000
2. To recognize services performed but not recorded:
Debit: Accounts Receivable $4,900
Credit: Service Revenue $4,900
3. To record bad debt expense:
Debit: Bad Debt Expense $1,430
Credit: Allowance for Doubtful Accounts $1,430
4. To recognize expired insurance:
Debit: Insurance Expense $480
Credit: Prepaid Insurance $480
5. To record depreciation expense:
Debit: Depreciation Expense - Equipment $2,500
Credit: Accumulated Depreciation - Equipment $2,500
(Calculation: $25,000 * 10% = $2,500)
6. To record the note payable:
Debit: Notes Payable $7,200
Credit: Cash $7,200
7. To recognize accrued rent expense:
Debit: Rent Expense $750
Credit: Accrued Rent Payable $750
8. To recognize accrued salaries and wages:
Debit: Salaries and Wages Expense $2,510
Credit: Salaries and Wages Payable $2,510
B. Financial Statements:
Income Statement for 2020:
Revenue:
Service Revenue $10,900 ([$6,000 + $4,900] - $1,430)
Expenses:
Rent Expense $9,750
Salaries and Wages Expense $30,500
Utilities Expenses $1,080
Office Expense $720
Depreciation Expense - Equipment $2,500
Insurance Expense $480
Bad Debt Expense $1,430
Total Expenses $46,460
Net Income $10,900 - $46,460 = (-$35,560) (Loss)
Retained Earnings Statement:
Retained Earnings, January 1, 2020 $25,010
Net Loss ($35,560)
Dividends ($17,000)
Retained Earnings, December 31, 2020 ($27,550)
Classified Balance Sheet (December 31, 2020):
Assets:
Cash $29,500
Accounts Receivable $54,500 ($49,600 + $4,900)
Less: Allowance for Doubtful Accounts ($750)
Supplies $1,960
Prepaid Insurance $620 ($1,100 - $480)
Equipment $25,000
Less: Accumulated Depreciation - Equipment ($8,750 [$6,250 + $2,500])
Total Assets $102,880
Liabilities:
Notes Payable $7,200
Accrued Rent Payable $750
Salaries and Wages Payable $2,510
Total Liabilities $10,460
Equity:
Common Stock $10,000
Retained Earnings ($27,550)
Total Equity ($17,550)
Total Liabilities and Equity $102,880
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An ordinary array contains items with keys: 16, 19, 68, 4, 27, 49, 32, 53 A hash table has 20 buckets with hash function key % 20. The hash table contains the same items as the array. How many elements are checked when searching for each of the following items? Item 15 19 53 Array Ex: 1 Hash Table
When searching for the items in the given array or hash table, the number of elements checked can be determined by comparing the key values and the hash function.
For the array:
- Item 15: All elements in the array need to be checked, so 8 elements.
- Item 19: The item is found at index 1, so only 1 element is checked.
- Item 53: All elements in the array need to be checked, so 8 elements.
For the hash table:
- Item 15: The hash value is 15 % 20 = 15, so only 1 element in the bucket with index 15 is checked.
- Item 19: The hash value is 19 % 20 = 19, so only 1 element in the bucket with index 19 is checked.
- Item 53: The hash value is 53 % 20 = 13, so only 1 element in the bucket with index 13 is checked.
In summary, for the given items, the number of elements checked is 8 in the array and 1 in the hash table for each item.
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Compared to rail transportation, one of the advantages of shipping by truck is that trucks
Compared to rail transportation, one of the advantages of shipping by truck is that trucks "Can reach more destinations".
What is rail transportation and road transportation?Rail transportation: Train travel is another name for rail travel. It is a mode of transportation that uses cars that travel on tracks (rails or railroads). It is one of the most significant, frequently used, and highly affordable methods of transportation for both people and products across long and short distances.Road transportation: Road transport refers to the movement of people and goods across a network of roads. A road is a path between two points that has been paved or otherwise improved to allow travel by both motorised and non-motorised carriages.The advantages of raid transport over rail transport are-
Road construction is substantially less expensive than building railroads. In hilly and undulating terrain, roads may be built with ease. Highways connect railway stations, airports, and seaports, acting as a feeder to other forms of transportation.They offer individuals and vehicles to commute to a variety of areas and assist them in getting there without any problems.Road transport is the practice of moving goods or people along a road network from one location to another.To know more about benefit of road transportation, here
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Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
The buyer decision process consists of five stages. Which of the following is NOT one of these stages?A) need recognitionB) information searchC) conspicuous consumptionD) purchase decisionE) postpurchase behavior
The correcti answrr is Option C - conspicuous consumption - is not one of the stages in the buyer decision process.
The five stages of the buyer decision process are:
A) need recognition
B) information search
C) evaluation of alternatives
D) purchase decision
E) post-purchase behavior
Conspicuous consumption, on the other hand, is a term used to describe the behavior of individuals who buy luxury goods and services with the primary purpose of displaying their wealth and status, rather than satisfying a specific need or desire. It is not a stage in the buyer decision process.
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