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Management skills in your future career Effective communication, Leadership skills, Planning and prioritizing, and Problem-solving skills.
Management skills are critical in any profession. These abilities assist you in maintaining control of the operation and ensure that all personnel are performing at their best. Having efficient management skills is essential for a successful career.
Here are some ways that you can use management skills in your future career:
Effective communication: Effective communication is one of the most important abilities in management. This entails not only conveying your point of view to others but also actively listening to other's viewpoints. In your future job, you will need to interact with a variety of individuals from different backgrounds and cultures, and your communication skills will assist you in effectively conveying the message.
Leadership skills: Leadership is an essential element of management. You must possess the necessary abilities to lead your team and effectively manage them. When you lead by example, your team will be motivated to perform at their best and follow your lead.
Planning and prioritizing: Tasks and workloads are critical components of any profession. You must organize, prioritize, and manage your work effectively to be successful in your future career. Planning your work will ensure that you meet deadlines and deliver high-quality work. These skills will help you manage your time effectively and handle any challenges that may arise.
Problem-solving skills: Management skills can be effectively employed to solve problems that arise in your profession. These abilities can assist you in resolving any conflicts and making difficult decisions. You must have the ability to assess the situation and find a solution that works for everyone involved. These abilities will assist you in being successful in your future career.
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Related Questions
Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
Describe the ethical issues confronting supply chain
managers
Answers
There are a lot of ethics. The ethical issues in supply chain management are;
The Freedom of employment and also of association.The removal of child labor.The safe and hygienic working environment.The right pay and the right working hours.Better and non-racist treatment.Ethical issues often exist in supply chain management ranging from course of production, layers of middlemen, traders & retailers until the goods get to the consumer.
Supply chain consist of transporting of raw materials or products in the right flow to end that is the delivery of the final goods.
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Why does the economy produce where short-run aggregate supply (SRAS) and aggregate demand (AD) cross rather than where long-run aggregate supply (LRAS) and AD cross?
Answers
Short-run aggregate supply curves illustrate supply in the near future or over a period in which capital is fixed. Long-run aggregate supply curves show supply in the long-term in which all inputs are variable.
What is long-run aggregate supply?The long-run aggregate supply (LRAS) curve connects the level of output generated by enterprises to the long-run price level.
Price changes in production variables modify the short-run aggregate supply curve. Changes in the capital stock, natural resource stock, and degree of technology can also cause the short-run aggregate supply curve to alter.
Short-run aggregate supply curves depict supply in the near future or over a specified length of time. Therefore, Long-run aggregate supply curves depict long-term supply with varying inputs.
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1. Due to an increased advertising effort about the positive effect of activated charcoal in beauty products,consumers in SA are eager to buy beauty products that contain this ingredients. Explain how this will affect the market for activated charcoal.you are allowed to use a diagram to explain your answer
2.The wage rate of workers in the wine industry in country B has increased due to negotiations between the labour unions and the employer's. Explain how this will affect the market for wine in country B clearly indicate how the equilibrium price and equilibrium quantity of wine will change in country B. The direction of changes should be clearly indicate using arrows
3.Less strict regulation results in many more companies obtaining the right to mine coal in Mpumalanga.At the same time, alternative energy solutions result in a decrease in the demand for coal generated electricity. Explain how the market for coal will be affected by these changes. Clearly indicate how the equilibrium price and equilibrium quantity for coal will be affected by these changes. Make use of a combination of diagrams and verbal explanation to use your answer.
Answers
1. The equilibrium price of activated charcoal will increase (P1 to P2), and the equilibrium quantity supplied will increase (Q1 to Q2). 2. The equilibrium price of wine will increase (P1 to P2), and the equilibrium quantity of wine will decrease (Q1 to Q2). 3. The equilibrium price of coal will decrease (P1 to P2), and the equilibrium quantity supplied will decrease (Q1 to Q2).
How can we explain the use of the answer?1. The increased demand for beauty products containing activated charcoal will lead to an increase in the demand for activated charcoal itself, shifting the demand curve to the right (D1 to D2) in the diagram below. As a result, the equilibrium price of activated charcoal will increase (P1 to P2), and the equilibrium quantity supplied will increase (Q1 to Q2).
Price
^
P2 | .
| .
| .
P1 |______________
Q1 Q2 Quantity
2. An increase in the wage rate of workers in the wine industry will increase the cost of production for wine, shifting the supply curve to the left (S1 to S2) in the diagram below. As a result, the equilibrium price of wine will increase (P1 to P2), and the equilibrium quantity of wine will decrease (Q1 to Q2).
Price
^
P2 | .
| .
| .
P1 |______________
Q2 Q1 Quantity
3. The less strict regulation on coal mining and the decrease in demand for coal-generated electricity will lead to a decrease in the demand for coal, shifting the demand curve to the left (D1 to D2) in the diagram below. As a result, the equilibrium price of coal will decrease (P1 to P2), and the equilibrium quantity supplied will decrease (Q1 to Q2).
Price
^
P1 | .
| .
| .
P2 |______________
Q2 Q1 Quantity
This can also lead to some coal mining companies going out of business as they cannot sell their product at a profitable price. On the other hand, the decrease in the price of coal can make it more attractive for industries that still require coal for their processes. However, the long-term trend is towards the use of alternative energy sources, so the demand for coal is likely to continue decreasing over time.
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The public often gets the impression that misconduct is more widespread than it is in reality. true or false?
Answers
Answer:
To be honest there is not enough research to tell whether or not, but in my opinion, it is false.
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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Which of the following is not a feature of parliamentary democracy?
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An example of the effect of globalization on US consumers is what
Answers
Answer:
Decreases the cost of manufacturing
Explanation:
Decreases the cost of manufacturing
THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Answers
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
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Customers might sometimes describe contradictory needs
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Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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Coffee Corporation has 2,000 shares of common stock outstanding. John owns 700 of the shares, John’s grandfather owns 100 shares, John’s father owns 100 shares, John’s ex-wife owns 700 shares, and Redbird Partnership owns 400 shares. John is a 50% partner in Redbird Partnership. How many shares is John deemed to own in Coffee Corporation under the § 318 attribution rules?
a. 700
b. 1,000
c. 1,100
d. 1,700
e. None of the above
Answers
Answer:
1,000 shares
Explanation:
The 318 attribution rule states that stock owned directly or indirectly by a partnership is considered to be owned by any partner that owns 5% or more in the business.
This is relevant to family owned businesses and is a way to mark out principal owners of a business in order to avoid tax evasion and fraud.
In this scenario John directly owns 700 of the outstanding shares. But according to the 318 attribution rule, since he he is a 50% partner he owns half of the outstanding 2,000 shares. That is 1,000 shares.
A school that has about 10,000 students is typically considered a:
OA. medium-sized college.
OB. religious school.
O C. small college.
O D. large university.
SUBMIt
Answers
Answer: medium
Explanation: A small college would be 5,000 or less and a large college is 15,000 or more
Need help on these please
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Sales tax and VAT are both examples of indirect taxes, which are levied by the seller at the time of sale and paid or sent to the government on the buyer's behalf. Thus option (B) is correct.
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
A consumption tax that charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax is.
Therefore, Thus option (B) is correct.
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. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture.
Answers
Answer:
There are many different price adjustment strategies which can be implemented in the current market.
Explanation:
Psychological pricing:
Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.
Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.
Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.
Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.
Geographical Pricing:
Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.
Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.
Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.
Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.
Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 84,000 units during the month and had 18,700 units in process at month-end, 50% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $248,000, and amounts that relate to the current month totaled $990,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:
Answers
Answer:
the equivalent unit cost is $13.26
Explanation:
The computation of the equivalent unit cost is shown below:
Calculation of Peach Equivalent-unit cost is
= Total Cost ÷ Units
= ($990,000 + $248,000) ÷ (84,000 units + (18,700 units × 50% completion)
= ($1,238,000) ÷ (93,350 units)
= $13.26 per unit
Hence, the equivalent unit cost is $13.26
Merchandise that is priced significantly lower than what customers expect to pay is likely to remain unsold.
a) True
b) False
Answers
Building new skills and clarifying roles are examples of deep-level interventions. (T/F)
Answers
It is a false statement that building new skills and clarifying roles are examples of deep-level intervention.
What does deep-level intervention means in the context?
Building new skills and clarifying roles are examples of surface-level interventions, which aim to address specific behaviors or skills that are observable and measurable.
Deep-level interventions, on the other hand, aim to address underlying attitudes, beliefs, and values that may be driving problematic behaviors or performance issues. Some examples of deep-level interventions include coaching, mentoring, and team-building exercises that aim to foster more meaningful relationships and improve communication and collaboration.
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explain the governance of internet
Answers
Answer:
Internet governance is defined as 'the development and application by governments, the private sector, and civil society, in their respective roles, of shared principles, norms, rules, decision-making procedures, and programs that shape the evolution and use of the Internet'
Hope it helps! ^-^
Explanation:
The growth or development and programmes by government at a public sector and all the institutions in their respective roles of mutual guiding beliefs,norms,rules,desicision making operation and broadcast programming that forms the intection or evolutionary term and use the internet can be defined as governance of internet.
To be eligible for Bright Futures, you must
be a Florida resident and a US citizen, or an eligible noncitizen
be a resident of any state in the continental US
have lived with family in Florida for at least ten years
have lived in at least three different states in the US
Answers
Answer:To be eligible for Bright Futures, you must. be a Florida resident and a US citizen, or an eligible noncitizen. ... have lived with family in Florida for at least ten years. have lived in at least three different states in the US.
Explanation:
i hopes this helps u
Answer:
be a Florida resident and a US citizen, or an eligible noncitizen
Explanation:
Alistair owns and runs a bakery. He buys groceries worth $250 for his business. What entries does he make in the book of accounts?
Alistair makes two entries in the book of accounts. He debits the supplies account and
compliance with the
principle of transaction
Reset
Next
Answers
Alistair is the owner and operator of a bakery. He spends $250 on groceries for his business. He makes two bookkeeping entries in the book of accounts. He debits the supplies account and follows the transaction principle.
A book of accounts contains commercial account transaction records. Commercial double entry accounting systems include numerous ledgers or books, such as the general ledger as well as general journal. These ledgers are collectively referred to as books, a shortened term for books of account. Any of the numerous books utilised in the accounting process can be referred to as a single book of accounts.
Thus the entries that he make in the book of accounts is that he makes two entries in the book of accounts. He debits the supplies account and compliance with the principle of transaction.
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both karl barth and dietrich bonhoeffer would be concerned about the practice of _____ because it is hard to link this practice to discipline and discipleship.
Answers
Both karl barth and dietrich bonhoeffer would be concerned about the practice of Infant baptism because it is hard to link this practice to discipline and discipleship.
Having infants or young children baptised is known as infant baptism. Some religious traditions refer to infant baptism as christening. The majority of Christians are members of denominations that perform infant baptism. Different Christian faiths have slightly different ritualistic specifics for baptism. Many people adhere to a planned ritual known as a rite or liturgy. In a traditional ceremony, the priest or minister of the congregation where the parents or godparents belong receives the child. The ritual would be identical to that of that denomination's adult ritual. Babies must be baptised to be cleansed of original sin because they are born without it in order to be adopted as God's children and receive the Holy Spirit's grace. Jesus claimed that children had a place in the kingdom of God.
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the perez family case study answers
Answers
The importance of "The Perez Family" case study is to provide an example of the issues that arise in immigrant families, including issues related to acculturation, family dynamics, and mental health.
What is the significance of "perez family case"?"The Perez Family" is a case study that examines the experiences of a Cuban family that immigrated to the United States in the 1980s. The case study highlights the challenges and stressors faced by immigrant families, including the struggle to adapt to a new culture, language, and environment, as well as the impact of trauma and separation on family relationships.
It also underscores the importance of understanding the unique cultural values and beliefs of immigrant families, and the need for culturally sensitive and responsive interventions. By providing a detailed and nuanced portrait of the Perez family's experiences, the case study serves as a valuable resource for educators, clinicians, and policymakers who work with immigrant families.
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What is the FOCI Mitigation: Proxy Agreement
Answers
A Proxy Agreement is an FOCI mitigation strategy generally employed by the American government in order to restrict foreign ownership, control, or influence (FOCI) over United States organizations that work within sensitive commercial areas.
What happens under Proxy agreementUnder a Proxy Agreement, the US firm will organize one or more American citizens to act as proxies and exert the voting powers which are owned by foreign proprietors. In most situations, these proxies are entirely impartial from both the US organization and the international owners.
This particular Proxy Agreement guarantees that foreign holders cannot pursue a direct influence on the US company's functions or decisions. The US government can also make use of the Proxy Agreement for monitoring the compliance with other FOCI impediment techniques being implemented by the same US business.
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The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 800 million shares had been issued and the number of shares in treasury stock was 109 million. During 2016, the only common share transactions were that 17 million common shares were reissued from treasury and 28 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (Enter your answers in millions.)
Answers
Answer:
a. The number of common shares issued is 800 million shares
b. The number of common shares in treasury is 120 million shares
c. The number of common shares outstanding at the end of 2016 is 680 million shares
Explanation:
a. According to the given data At the end of 2015, 800 million shares had been issued, therefore, the number of common shares issued is 800 million shares
b. In order to calculate the number of common shares in treasury we would have to make the following calculation:
number of common shares in treasury=number of shares in treasury stock-common shares reissued from treasury+common shares purchased
number of common shares in treasury=109 million-17 million+28 million
number of common shares in treasury=120 million shares
c. To calculate the number of common shares outstanding at the end of 2016 we would have to make the following calculation:
number of common shares outstanding at the end of 2016= issued stock-treasury stock
number of common shares outstanding at the end of 2016=800 million-120 million
number of common shares outstanding at the end of 2016=680 million
Which of the following is one result of stringent 21st century accounting
regulations?
Answers
A result of the stringent 21 st century accounting regulations enacted was B. they make accounting more complex.
Why did accounting regulations become more stringent ?Over time, accounting standards have become more stringent, and agencies and professional associations make sure that these regulatory rules serve the public's and businesses' best interests. These agencies assist businesses in comprehending the domestic and international legal requirements they must meet.
An organization is in regulatory compliance when it strictly complies with all applicable local, national, and international laws. Businesses may be subject to financial, fiscal, environmental, or business and tax code laws depending on their size and industry. However, why do financial services rank first among the industries most adversely affected by these regulatory laws?
As a result, accounting regulations have made accounting much more complex in order to ensure that companies abide by accounting best practices.
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Options for this question are:
they make accounting simplerthey make accounting more complexthey unify international tax codesthey address the needs of small businessesMelissa invested $45,000. in the Vanguard "B" mutual fund. The net asset value of the fund at the time of purchase was $12.78 and was back-loaded, with a loading rate of 4.5%. When she cu sold her fund shares, the net asset value was $22.33 Considering the back-end load, how much profit/loss did she make on her investment?
Answers
Melissa made a profit of $31,571.69 on her investment, considering the back-end load.
How to calculate how much profit/loss did she make on her investment?Calculating the number of shares purchased:
Number of shares = Investment amount / NAV at the time of purchase
Number of shares = $45,000 / $12.78 = 3,520.81 shares (rounded to two decimal places)
Calculating the value of the investment at the time of sale:
Value at the time of sale = Number of shares * NAV at the time of sale
Value at the time of sale = 3,520.81 shares * $22.33 = $78,596.69 (rounded to two decimal places)
Calculating the back-end load:
Back-end load = Investment amount * Loading rate
Back-end load = $45,000 * 4.5% = $2,025
Calculating the profit or loss:
Profit/Loss = Value at the time of sale - Investment amount - Back-end load
Profit/Loss = $78,596.69 - $45,000 - $2,025 = $31,571.69 (rounded to two decimal places)
Therefore, Melissa made a profit of $31,571.69 on her investment, considering the back-end load.
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Which of the following is NOT a way to strategically utilize marketing automation and AI in your customer-facing processes regarding cadence and content?
O Content accuracy
O Journey mapping
O The level of personalization to the individual
O Send-time optimization
Answers
Journey mapping is NOT a way to strategically utilize marketing automation and AI in your customer-facing processes regarding cadence and content.
Any steps a business makes to draw a target audience to its goods or services through persuasive message is referred to as marketing. With the long-term objectives of showing product value, fostering brand loyalty, and eventually boosting sales, marketing seeks to offer standalone value for prospects and customers through content. For the purpose of generating, conveying, delivering, and trading services that are valuable to consumers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Marketing is the term used to describe the actions a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.
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Write the relationship between audit and finance?
Answers
Answer:
Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.
Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.
1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.
2.auditor is a professional inside audit
Financial management
1.Financial management refers to managing the fund of an organization.
2.finance manager is a professional inside finance management.
If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answers
Answer:
B.
Prioritize and make a budget.
When corn prices soared, hog farmers used less corn to feed their pigs. The hog farmers showed a decrease in their: