It is 0.9599 or 0.95 percent likely that the project will be finished before the deadline for late payments.
Any activity that is meticulously planned to accomplish a specific goal, whether it is done alone or in a group, and may include research or design, is referred to as a project. A different perspective sees a project as a series of activities that must be completed in a specific order and under specific financial and other constraints.
A project may be a transient (rather than permanent) social structure (work system), staffed perhaps by teams (inside or across organisations), to carry out specific tasks under time limitations. A project could be a component of a larger programme management effort or work independently.
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HI I really want a bichon poodle dog but first I need to convince my parents. So far I've been working on earning 1000 dollars to pay for it and I wrote a 50 page essay but I'm not sure that will cut it what is the best tactic to get my dog??? what is the best business tactic to get this item.
Answer:
A lemonade stand maybe
what is the cause of the 1920 Wall Street economic stock crisis
Answer: The primary cause of the 1920 Wall Street economic stock crisis, also known as the Depression of 1920–21
Explanation:
The primary cause of the 1920 Wall Street economic stock crisis, also known as the Depression of 1920–21, was a combination of factors. The main catalyst was a post-World War I economic downturn, triggered by the abrupt end of wartime production and government spending. Additionally, there was an overextension of credit, excess speculation in the stock market, and a decline in agricultural prices. The Federal Reserve's monetary policy also played a role. In response to inflation concerns from the war, the Federal Reserve raised interest rates, which contributed to a contraction of credit and a subsequent drop in investment and consumer spending. Furthermore, the rapid demobilization of the military and reduced government demand resulted in a sharp decline in industrial production and high unemployment rates. These economic pressures led to a stock market crash and a subsequent recession, impacting businesses, investors, and the general population. It's worth noting that the 1920 crisis was distinct from the more severe Great Depression of 1929. The economy rebounded relatively quickly from the 1920 crisis due to market-driven corrections and minimal government intervention, illustrating the differences in response and outcomes compared to the later economic downturn.
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Salaries and wages expense should have been accrued on december 31st, but the entry was not made. The result of this oversight is that.
The result of this oversight is that obligations are underestimated.
Adjusting Journal is an accounting journal that is used to make adjustments to certain account balances or post transactions to match the actual situation in the process of preparing financial statements. Examples of adjusting entries for merchandise inventory and office supplies. Adjusting entries are used by trading, service, manufacturing and other entities.
The basic concept of adjusting entries is the basic accounting concept used as the basis for making adjusting entries.
Examples of transactions recorded in adjusting entries are:
Prepaid lease transactions,Prepaid insurance,Prepaid income,Depreciation of fixed assets,Bad debts,Bank reconciliationSupplies on handIncome SummaryAllowance for loss of receivablesMerchandise inventoryYou can learn more about Adjusting Journal here brainly.com/question/14895809
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The cost-benefit principle states that _____ are the incentives that shape decisions.
The cost-benefit principle states that costs and benefits are the incentives that shape decisions.
How is the cost-benefit principle used?According to the fundamental of economics, the cost-benefit principle states that every rational being is likely to take into consideration the cost and the benefit of one or a set of decisions before a final choice is taken.
In order words, a line of decision for example an investment should only be undertaken only if the benefits associated with the cost of such investment are at least as large or way larger than the cost.
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The production benchmarks data on p. 6 of each issue of the Footwear Industry Report -provide solid evidence of whether a company is managing its total compensation, workforce productivity, production labor costs, total production costs and reject rates as cost- efficiently as rival companies. -are more useful to the managers of companies striving to compete successfully by selling below-average quality footwear at below-average prices. -are most useful to the managers of companies that are pursuing a strategy to produce and market top quality branded footwear sold at well above-average prices. -provide solid evidence of whether a company's total production costs of branded footwear are low enough to enable the company to be attractively profitable. -are less useful than the branded operating benchmarks shown on p. 7 of the Footwear Industry Report
Option (A), A company's ability to manage its total pay, workforce productivity, production labor costs, total production costs, and reject rates as cost-effectively as competitors can be determined by looking at the production benchmarks data on page 6 of each issue of the Footwear Industry Report.
Production Benchmark is what?When you benchmark, you can compare your data to industry data that has been compiled by other companies that provide their data. You now have crucial background, which will help you create goals that are achievable and comprehend the trends that are affecting your industry. You'll be able to compare your performance to that of your competitors.
This indicator shows how long it takes in total to make the company's main product (s). The benchmark changes depending on the product, however it can be used to compare costs for the same product across different businesses.
The averages for the particular group you are measuring against make up the scores that make up the benchmarks, to put it simply. You are contrasting this year's average score with last year's average score when comparing the average factor scores for your organization for 2022 and 2021.
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An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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A/an ____ appraisal is conducted as part of the day-to-day working relationship between a manager and an employee.spontaneousinformal
An informal appraisal is conducted as part of the day-to-day working relationship between a manager and an employee. This type of appraisal is typically less structured and less formal than a traditional appraisal. The purpose of an informal appraisal is to provide feedback to the employee on their performance, highlight areas where they are excelling, and identify areas where they may need improvement.
In an informal appraisal, the manager may provide feedback on the employee's performance during regular meetings or check-ins. This could include discussing specific projects or tasks that the employee has worked on and providing feedback on their performance. The manager may also ask for the employee's input and feedback on their own performance, and work together to identify areas where improvements could be made.
Informal appraisals are a valuable tool for managers to provide ongoing feedback and support to their employees. They help to create a culture of open communication and collaboration, where employees feel valued and supported. However, it is important to note that informal appraisals should not replace formal performance reviews. Formal appraisals provide a more structured and comprehensive evaluation of an employee's performance, and should be conducted at least once a year.
In conclusion, an informal appraisal is an important part of the day-to-day working relationship between a manager and an employee. It provides an opportunity for ongoing feedback and support, and helps to create a culture of open communication and collaboration. However, it should be used in conjunction with formal appraisals to provide a comprehensive evaluation of an employee's performance.
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2. How much was in United Airlines's control, and how much was actually outside their control? What
social
or company factors caused a seemingly common practice to escalate to this level?
3. How did the other airlines or the industry respond to the United Airlines incident?
To ensure that products and services are available for the market, operations management involves carrying out backend business processes including production, inventory management, and quality control. Excellent operations management ensures corporate efficiency, whether it involves a single operations manager or an entire department.
2. United Airlines had full control over the issue because they could have asked for different passengers, offered some incentive to get off the plane, or used other incitements. They shouldn't have taken the path they did, involving the use of force.
The staff's intolerance and arrogance combined with the lack of a clear directive from the top regarding how to handle these kinds of events caused the incidence to accelerate to the observed level.
3. The other airlines, businesses, and consumers were humiliated by this incident in addition to being shocked by it. For the incident, United Airlines received harsh criticism. As a result, United Airlines' shares likewise fell precipitously. In addition, the CEO of the airline received criticism at the same time.
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Profit is revenue minus expenses. If your profit is $3,000 and your revenue is $50,000, what are your expenses?
FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving again. According to the president, the problem is that markets are flawed and they do not protect consumers. Therefore, the government should study the problem, decide what must be produced, and pass laws that require individuals and businesses to follow the government’s informed advice.
Opponents of the president see a different world. They say central planners do not have enough information to organize an economic system. Markets may seem chaotic, but prices act as signals and respond quickly to fragmented information in a dynamic economy. These price signals provide consumers, businesses, and resource owners with the information they need to coordinate action. In addition, incentives matter. Government programs often create incentives that have unintended consequences. The economy will grow if we stay the course.
What would Adam Smith say? Why?
SECOND SCENARIO: The Save Our Jobs Coalition is working to pass a law that would penalize businesses that move jobs overseas. In addition, the law would require tariffs to be imposed on imported goods that are cheaper than similar goods made in the United States. Many corporations and small businesses are in favor of raising tariffs.
Opponents of the proposed law believe freer trade promotes economic progress because it makes more sense to buy goods from a country that makes them less expensively and use the country‟s resources to make other products. A tariff may save jobs in a particular industry, but other jobs will not be created. Furthermore, prohibiting American companies from having operations overseas means the companies will be reluctant to hire people domestically and will lay off highly paid workers in their quest to cut costs.
What would Adam Smith say? Why?
THIRD SCENARIO: Business lobbyists believe the current government is anti-business. They also think competition is making it difficult to make a profit. They believe it’s time for the government to help businesses through subsidies and incentives for consumers to buy their products. They also want the government to suspend antitrust laws and make new rules and regulations that would make it more difficult for small businesses to compete unfairly with large, well-established corporations. According to the lobbyists, helping business will improve everyone’s lives.
What would Adam Smith say? Why?
FOURTH SCENARIO: “Stop Government Now” is a group that believes there is no legitimate role for government except providing for police and fire protection. Members believe almost all governmental functions should be privatized. Markets should not be regulated. Members say markets may be greedy, but free markets make us all more moral.
What would Adam Smith say? Why?
MUST WRITE A PARAGRAPH FOR EACH SCENARIO
The proposed response of Adam Smith based on each scenario is given below:
Scenario 1He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.
Scenario 2He would side with the free market system and be an opponent of the law that frowns on importation.
Scenario 3He would support the suspension of the antitrust laws.
Scenario 4He would believe that markets should not be regulated and the free market system should continue.
Who is Adam Smith?He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product
Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Which of these is a financial service offered to business owners?
A.) Core Competencies
B.) Dividend payments
C.) Insurance
D.) Operational efficiencies
Answer:
C.) Insurance
Explanation:
Financial services include the services offered by banks, insurance companies, investment houses, real estate brokers, lenders, and finance companies. These services have a commercial aspect of either saving (pooling of resources), borrowing, or investing.
In this list, insurance is a financial service. Insurance is the purchase of protection or cover against risks. Insurance companies undertake to provide financial compensation in the event of loss arising from the risk insured against in exchange for premiums. Insurance companies pool resources together to compensate a member who has suffered a financial loss.
Which of these is an example of an entrepreneur?
A. Jesse has the idea for a new phone app, so he spends his money
to set up a business.
B. Olivia is part of a team that develops new products for a well established company.
C. Cleo joins her friend's new business to help with managing
finances.
D. Vince has been promoted to manager because he knows his
industry very well.
Answer: A.Jesse has the idea for a new phone app, so he spends his money
Explanation: Took the test
Jesse has the idea for a new phone app, so he spends his money to set up a business of these is an example of an entrepreneur. Thus, option (a) is correct.
What is entrepreneur?The term entrepreneur refers to the person who launched a new business with own risk and profit basis. The setup of new business with new idea and logic is called entrepreneurship. The entrepreneur is the main motive to set up business to generate employment. The entrepreneur is work new idea as called startup company.
Entrepreneur was the important role in each country. An entrepreneur is the spends his money to the set-up of the money. It was the perfect example is the Jesse has the idea for a new phone app, so he spends his money to set up a business.
As a result, the conclusion of the entrepreneur example are the aforementioned. Therefore, option (a) is correct.
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What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!
Some ways to deal with stress at school or at home is as follows:
1. Stop when you need to.
2. After finishing, treat yourself.
3. When you have free time, spend it with your loved ones.
4. Sleep for eight hours each night.
5. Never miss a meal and never skip breakfast.
6. Reflection
7. If you have a desk job, stand up and stretch your legs.
How to reduce stress at work?The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.
Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.
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vatiman which provides immunity
Answer:
huh don't really understand this buddy
Answer:
\(vitamin \: c\)
hope that will help you
Turbine trip power surdg
Answer:
In brief an overspeed failure on a big steam or gas turbine is one of the most frightening industrial accidents.
A turbine overspeed accident can be caused by a lightning-induced power surge, a fouled pilot valve, an electrical fault, operator failure, or any of a few dozen other problems.
The trip mechanisms on most turbines are required by law to be tested periodically.
Explanation:
In Section 4, you learned about different types of goods and economic utility. Now, you'll apply what you learned.
1. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)
2. List three examples of businesses in the service industry. (Complete sentences are not necessary. 1.5 points)
3. List three nondurable goods that you use on a regular basis. (Complete sentences are not necessary. 1.5 points)
4. List three staple goods that you or your household buys on a regular basis. (Complete sentences are not necessary. 1.5 points)
5. List three impulse goods that you or someone you know has purchased. (Complete sentences are not necessary. 1.5 points)
6. Describe a shopping good that you or someone you know purchased. What kind of research did you or that person do before buying the product? (1-2 sentences. 1.0 points)
7. Pick a product that is currently being sold, and analyze its economic utility, using the questions below.
a. Describe the product's form utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
b. Describe the product's place utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
c. Describe the product's time utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
d. Describe the product's possession utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
e. Describe the product's information utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
f. Describe at least one way the company could improve the economic utility of this product. (2-3 sentences. 3.0 points)
8. Choose a real or made up company and describe at least one thing that company could do to improve its economies of scale. (2-4 sentences. 3.0 points)
9. Describe a product that you think has saturated its market. What makes you think it has saturated its market? (2-5 sentences. 3.0 points)
form, period, setting, and ownership. Businesses that comprehend and identify the gaps in their marketing strategies can evaluate consumer purchasing decisions and identify the factors.
Why is it crucial to comprehend the economic value of a good or service?Understanding a good or service's economic utility is crucial since it has a direct impact on its demand and, consequently, price. Consumer utility is typically impossible to gauge or quantify in practise.
What are the 4 different utility types?Variety of utilities. Form utility, location utility, time utility, and possession utility are the four main categories of utility. These services have an impact on a person's goods buying choice.
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True or false: The use of templates is required for creating business messages. True false question. True False
It is true that the use of Template is required for creating business messages.
What is a Template?Template refers to a sample document that contain detailed information about something which can be by hand or automated iterative process or a sofftware assistant.
Therefore, A template that be use to create business messages. Because this is a form that will contain information about the Introduction, executive summary, description and also the market plan of the business.
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You are part of a group, making a decision about whether it is appropriate to discontinue research on a new drug. This new drug would save lives, but it is uncertain whether you can develop it within a reasonable time frame and at a reasonable cost. Your firm has already spent a small fortune on this drug. You have gathered so much information in preparation to making the decision that you are unable to sort the good information from the superfluous data. You just feel that this project has merit. What form of decision making are you using if you decide to continue the project because you feel that the project has merit
Answer: An escalation of commitment
Explanation:
Carrying out projects can be capital, time and energy intensive. Most times they could result to a positive progress or result and other times they may not but the area of changing minds on a project that has had a great ton of investment is usually hard except there is nothing that would be gotten from it. When so much time and resources has been put into a project and there is no plan for a change such commitment is called an escalation of commitment
Joe can read 7 page of hi book in 5 minute. At thi rate, how long will it take him to read the entire 275-page book?
Joe will need about 196.43 minutes minutes to read the entire 275-page book.
We can use the formula rate = distance/time to calculate this. The distance is the number of pages in this case, and the time is the amount of time it takes to read those pages.
We know Joe can read 7 pages in 5 minutes, so we can use these values to calculate how long it will take him to read 275 pages: rate = 275 pages / time.
We get time = 275 pages / 7 pages per 5 minutes when we solve for time.
275/7=39.286
pages per 5 minutes= 39.286 *5=196.43 minutes
Converting the time from minutes to hours, we get that it will take Joe
1 hour = 60 minutes
= 196.43/60
=3 hours 16 minutes
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Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
what is utility in business and marketing
Answer:
Utility marketing is the concept whereby a brand intersects the consumer at the moment of a non-commercial need, addresses their need, becomes a part of their life, and remains with them for when they're ultimately ready to make a purchase.
Change needed to decrease AD:Wealth: increase or decrease?Taxes: Increase or decrease?Interest rates: Increase or decrease?The value of the domestic currency relative to the foreign currency: Appreciate or depreciate?
To decrease AD, a combination of decreasing wealth, increasing taxes, increasing interest rates, and appreciating the domestic currency relative to foreign currency is needed.
When individuals feel less wealthy, they tend to spend less, which decreases AD.
Increasing taxes also reduces disposable income, which leads to lower spending.
Increasing interest rates makes borrowing more expensive, leading to decreased spending and investment.
Appreciating the domestic currency makes exports more expensive, which decreases demand for domestic goods, thereby decreasing AD.
Therefore, a combination of these changes can help decrease AD and control inflation. However, policymakers must balance the potential negative effects on economic growth when implementing these changes.
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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
Which expense can be paid for with a flexible spending account (FSA)?
A. car insurance deductible
B. child care
C. mortgage payment
D. unexpected home repair
Answer:
A - car insurence duductible
Explanation:
So, a flexible spending account, which is given to each person in USA who is employed, contains a maximum of 2.75k dollars. Remember, this is yearly, not monthly.
Knowing this, lets see what is affordable in the list below.
So unextpected home repair. I havent repaired a home, thats what my parents do. But if you research, home repair varies. But the maximum cost is about 5k or higher for most things. This is defintaly above 2.75k dollars.
So this is not something that could be paided for.
Next we have mortgage payment.
This is about 400-1000+ dollars monthly. Remember though, the FSA is yearly, so when you think about this. Its at least 4.8k to 12k+ dollars.
So this is not something that could be paided for.
Next we have child care.
Child care can vary, but on the overall it is more expensive than FSA, With a varying of 400 to 1k+ a month, which is 4.8k to 12k+ a year.
So this is not something that could be paid for.
Lastly, we have car insurence deductible. After some research, I found that this is only about 500-1k dollars or so yearly, which is below the FSA's 2.75k.
Answer:
A(car insurence deductible)
Hope this helps!
An expense that can be paid for by using a Flexible Spending Account (FSA) is A. car insurance deductibles.
What can an FSA be used for?A Flexible Spending Account allows for one to be able to pay for expenses that are lower than its annual limit.
Car insurance deductibles are usually low enough to be paid for from this account because they usually stay under $1,000 for the year. This can be paid for by the $2,750 FSA annual limit.
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Macrophages in the lamina propria of the intestines behave differently than macrophages found in skin tissue. Those in the lamina propria
O express much higher levels of TLRS
O do not express signaling receptors needed for inflammatory cytokines.
O cannot phagocytose bacteria
O actually, there are none in the lamina propria
O express high levels of 87 costimulator
Macrophages in the lamina propria of the intestines express higher levels of Toll-like receptors (TLRs).
What differentiates macrophages in the lamina propria of the intestines from those found in skin tissue?Macrophages in the lamina propria of the intestines exhibit distinct characteristics compared to macrophages found in skin tissue.
One key difference is that macrophages in the lamina propria express much higher levels of Toll-like receptors (TLRs).
Toll-like receptors play a crucial role in recognizing and responding to microbial components, initiating immune responses against pathogens.
This heightened expression of TLRs suggests that intestinal macrophages are specialized to detect and respond to microbial stimuli within the gut environment.
In contrast, the statement that they do not express signaling receptors needed for inflammatory cytokines, cannot phagocytose bacteria, or express high levels of 87 costimulator contradicts our current understanding of macrophage functions and may not be accurate.
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e FDIC oversees and manages two separate insurance funds that apply to banks and savings associations. These two funds include the Savings sociation Insurance Fund (SAIF), which provides coverage for savings associations and the Bank Insurance Fund (BIF), which ins posits in commercial banks ▼
an arrangement that seems inconsistent, mutual savings banks are insured by the BIF
n contrast, funds held in federally chartered credit unions are insured by the NCUSIF
The following scenarios focus on how the presence or absence of deposit insurance deposits affects the depositors' wealth.
Suppose that Van and Amy are going to be married next summer. They maintain a joint savings account, which currently has a balance of $15,025. 11 the bank failed this evening, the maximum amount of coverage that would be provided by the Savings Association Insurance Fund is $250,000
Suppose that Carlos currently holds a checking account balance of $1,625 in the commercial bank down the street. His is the only owner of the account. If the bank failed this afternoon, the maximum amount of coverage that would be provided by the Bank Insurance Fund is $1,625] This
statement is: True
In the given scenario, if the bank where Carlos holds a checking account fails, the maximum coverage provided by the Bank Insurance Fund (BIF) would be $1,625. Therefore, the above statement is true.
The Federal Deposit Insurance Corporation (FDIC) oversees and manages two separate insurance funds: the Savings Association Insurance Fund (SAIF) and the Bank Insurance Fund (BIF). The SAIF provides coverage for savings associations, while the BIF insures deposits in commercial banks.
In the scenario mentioned, Carlos holds a checking account with a balance of $1,625 in a commercial bank. If that bank were to fail, the maximum amount of coverage provided by the BIF for Carlos' account would indeed be $1,625. This means that in the event of a bank failure, Carlos would be eligible to receive the full amount of his account balance, up to the coverage limit provided by the BIF. Therefore, the statement that Carlos would be provided with a maximum coverage of $1,625 from the Bank Insurance Fund is true.
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On december 1, 2017, cone company issued its 10%, $2 million face value bonds for $2.3 million, plus accrued interest. interest is payable on november 1 and may 1. on december 31, 2019, the book value of the bonds, inclusive of the unamortized premium, was $2.1 million. on july 1, 2020, cone reacquired the bonds at 98 plus accrued interest. cone appropriately uses the straight-line method for the amortization because the results do not materially differ from those of the effective interest method.
required:
prepare a schedule to compute the gain or loss on this redemption of debt.
Cone Company redeemed its bonds on July 1, 2020, at 98 plus accrued interest. The schedule shows that the carrying value of the bonds at the time of redemption was $2.135 million, resulting in a gain of $15,000 for Cone Company.
The bond issue price was $2.3 million, which is $300,000 over the face value of $2 million. The premium of $300,000 was amortized over the life of the bonds.
From December 1, 2017, to June 30, 2020, the bonds were outstanding for 31 months, or 2.58 years.
The annual amortization of the premium is
$300,000 / 20 = $15,000.
The unamortized premium at the redemption date was
$15,000 x 2.5 years = $37,500.
The accrued interest on the bonds was
$50,000 ($2 million x 0.10 x 6/12).
Therefore, the total cost of the redemption was
$2.135 million ($2.1 million + $37,500 + $50,000).
The gain on redemption is
$15,000 ($2.135 million - $2.1 million).
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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In 20X8, the first year of its operation, Fruit Farm Ltd had an apple plantation with a fair value of $131324.
The plantation is intended to be used for more than 1 period, solely for the purpose of growing apples. The company has no intention to sell the plantation beyond incidental scrap sales.
Between May and October 20X8, a total of $738 was spent on fertiliser treatments.
During December 20X8, 120 kg of apples were harvested at a cost of $8937. The net market value of the apple harvested was $35095 and the estimated selling costs were $5018.
By 31 December 20X8, 80% of the harvested apples had been sold for $37134 and actual selling costs of $3195 has been incurred.
On 31 December 20X8, the fair value of Fruit Farm Ltd's plantation was $231635.
Fruit Farm Ltd has a December 31 financial year end, and it adopts fair value as the accounting policy for their property, plant and equipment assets.
Calculate the net profit/(loss) for the year's income statement.
The correct answer is 30279. I would like to know the calculation details
Based on the information, the net profit for the year's income statement for Fruit Farm Ltd is $124,575.
How to calculate the profitRevenue from sold apples: $37,134.
Less: Actual selling costs: $3,195.
Gross profit from apple sales: $37,134 - $3,195 = $33,939.
Fair value at the end of the year: $231,635.
Fair value at the beginning of the year: $131,324.
Change in fair value: $231,635 - $131,324 = $100,311.
Total expenses: Fertilizer treatments expenses: $738.
Cost of apples harvested: $8,937.
Net profit/(loss) for the year:
Gross profit from apple sales: $33,939.
Change in fair value of the apple plantation: $100,311.
Total expenses: $738 + $8,937 = $9,675.
Net profit/(loss) = Gross profit + Change in fair value - Total expenses
= $33,939 + $100,311 - $9,675
= $124,575.
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