Answer:
Census of the casting
Explanation:
Census survey method is a method of data collection where the information are collected from all the individuals of the study. That is data is collected for the entire population that is related to the study.
From the question, after jack discovered the improperly adjusted drill press, he ordered a total (100%) inspection of castings that were drilled in the evening. The emphasis here is on 100%. It tells us that every casting that was done in the evening shift falls under these castings to be inspected.
Ticketsales, Inc., receives $5,520,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket sales on October 31. Record the revenue earned for the first concert date of November 5, assuming it represents one-fourth of the advance ticket sales. Ticketsales, Inc. initially records prepaid and unearned items in balance sheet accounts.
Required:
Record the cash receipt in advance of concerts.
Answer:
On October 31, Debit Cash for $5,520,000; and Credit Unearned ticket revenue for $5,520,000.
On November 5, Debit Unearned ticket revenue for $1,380,000; and Credit Ticket revenue for $1,380,000.
Explanation:
The journal entries will look as follows:
Date Description Debit ($) Credit ($)
Oct 31 Cash 5,520,000
Unearned ticket revenue 5,520,000
(To record ticket revenue received in advance.)
Nov 5 Unearned ticket revenue 1,380,000
Ticket revenue (w.1) 1,380,000
(To record revenue ticket revenue earned.)
Workings:
w.1. Ticket revenue = Unearned ticket revenue * (1 / 4) = $5,520,000 * (1 / 4) = $1,380,000
What remedies are available after an anticipatory repudiation? Choose 3 answers.
The remedies that are available after an anticipatory repudiation are;
Reformation.Rescission.Restitution.What is Anticipatory repudiation?Anticipatory repudiation can be regarded as breach which is a declaration by the promising party with respect to a contract stating that he may nit perform up to the standard of the contract.
But there are some remedies to this like Reformation, where the contract will be revisited, Restitution is also a remedy.
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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents Which could be the heading of Carrie's balance sheet?
Carrie's Balance Sheet (January 1, 2021)
Carrie's Balance Sheet (January)
Carrie's Balance Sheet (Friday, January 3) Carrie's Balance Sheet (January 2011 - January 2021)
Answer: Carrie's Balance Sheet (January 1, 2021)
Explanation:
The heading of the balance sheet should include as much as possible, the month and year of the balance sheet. It can also include the exact date.
This is done so that the Balance sheet can have a particular reference date such that stakeholders who use the balance sheet can know relate the financial performance of the company as of a certain day which would enable for better analysis.
The heading of Carrie's balance sheet is: Carrie's Balance Sheet (January 2021).
What is balance sheet?Balance sheet help to summarize a company or an organization financial position or financial statement.
Since she is preparing the balance sheet for herself, what will be the heading of the balance sheet is Carrie's Balance Sheet (January 2021).
Therefore the heading of Carrie's balance sheet is: Carrie's Balance Sheet (January 2021).
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What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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What factors do you think differentiate good decision makers from poor ones?
Relate your answer to the six-step rational decision-making model.
Answer:
Effective decision-makers are distinguished from poor ones by several factors. Firstly, good decision-makers have the ability to gather and analyze information effectively. They can identify relevant information and take the necessary time to carefully evaluate and consider it before making a decision.
Another crucial factor is the capacity to think critically and objectively. Good decision-makers can analyze all sides of an issue, consider multiple perspectives, and detect biases or assumptions that may be influencing their thinking.
Using the six-step rational decision-making model is another skill of good decision-makers. They can identify the problem, gather information, identify alternatives, evaluate alternatives, choose the best alternative, and implement the decision. They move systematically through each step of the model, taking the necessary time to consider all options and weigh the potential outcomes before making a decision.
Lastly, good decision-makers can effectively communicate their decisions and the reasoning behind them to others. They can articulate their ideas clearly and persuasively and are open to feedback and are willing to consider different perspectives.
In conclusion, good decision-makers possess skills such as gathering and analyzing information, thinking critically and objectively, using a systematic decision-making model and communicating effectively with others. These abilities enable them to make well-informed and effective decisions that lead to positive outcomes.
Hope it helps! : )how changes in suppliers affect retail business industry?
Explanation:
even if the goods are not famous or product which is not good quality then the production gets stoped.
On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Which action taken by a central bank would reflect expansionary monetary policy?
The action taken by a central bank which would reflect the expansionary monetary policy is the sale of treasury securities to banks and the lowering down of reserve requirements.
Options A and C are correct.
What is a central bank?A central bank is referring to the largest bank that controls the regional and subordinate banks. It is the bank in which the commercial banks keep the needed reserve ratio. There are various policies being made by the central bank to monitor the monetary system like fiscal policy, monetary policy, economic policy, etc.
The central bank of the US country is the Federal Reserve that applied the expansionary monetary policy. The three ways that are made by Federal Reserve in respect of this policy are by making the discount rates to be fallen down for every bank, by acquiring the securities being sold by the government in the market and by keeping the reserve ratio to the lowest so that commercial banks can easily maintain them.
Therefore, the explanations written in option A and C are correct.
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Question's missing part:
The options are given as follows:
A) Selling treasury securities to banks to reduce the money supply
B) Raising the discount rate to provide less in loans to banks
C) Lowering the reserve requirements for all banks
D) Raising the interest that it pays to banks on the balance of their
reserves
what are five recommendations to assist organisations in coping with uncertainty in the environment
Answer:
These are the 5 recommendations to assist organisations in coping with uncertainty in the environment:-
1.Build in flexibility
2.Be transparent
3.Implement and Optimize
4.Embrace Ambiguity
5.Start by changing yourself
Answer:
1- Develop agility and adaptability: Organizations need to be agile and adaptable to cope with uncertainty. They should be prepared to respond quickly to changes in the environment, such as market shifts or changes in customer needs. This can be achieved by fostering a culture of innovation and experimentation, encouraging cross-functional collaboration, and investing in continuous learning and development.
2- Conduct scenario planning: Scenario planning is a powerful tool for managing uncertainty. It involves developing multiple scenarios of how the future might unfold and preparing contingency plans for each scenario. This allows organizations to be better prepared for different outcomes and to respond more quickly and effectively to changes in the environment.
3- Diversify your offerings: Diversifying your offerings can help to mitigate risks associated with uncertainty. By offering a range of products or services, organizations can reduce their dependence on any one market or customer segment. This can also help to open up new opportunities and revenue streams.
4- Build resilience into your operations: Building resilience into your operations can help to minimize the impact of uncertainty. This includes developing contingency plans for supply chain disruptions, investing in robust IT systems, and building a strong financial position.
5- Stay informed: Staying informed about changes in the environment is critical for managing uncertainty. This involves monitoring industry trends, staying up-to-date with regulatory changes, and engaging with stakeholders to understand their needs and concerns. By staying informed, organizations can be better prepared to respond to changes in the environment and to capitalize on new opportunities.
Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,120 units. Cach unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 1,010 u produced; 5,000 dect lahor haurs were allawed for standard productian, but only 4,500 haurs were used. Standard and actual averhead costs were as follows Actual (1,010 units) (1,120 units) Indirect materials Indirect labor (Fixed) Manufacturing supervisors salaries (Fixed) Manufacturing affice employees salaries (Fixed) Engincering casts Computer costs Electricity (Fixed) Manufacturing building depreciation (Flxed) Machinery depreclation (Fixed) Trucks and forklift depreciation Small tools (Fixed) Insurance Fixed) Praperty taxes 13,600 48,900 25,600 14,800 30,700 11,400 2,800 9,100 3,400 1,700 800 57D 340 $163,710 S 14,000 58,000 25,000 14,200 28,400 11,400 2,800 9,100 3,400 1,700 1,390 570 340 $170,500 Total(a) Determine the overhead application rate. (Round answer to 2 decimal places, e.g. 15.75.) Overhead application rate 29.23 per direct labor hour Attempts: 1 of 3 used ? (b) Determine how much overhead was applied to productian. (Round answer to Applied overhead decimal places, e.g. 1,575.)
Answer:
a. $29.23
b. $146,150
Explanation:
a. The computation of overhead application rate is shown below:-
Overhead application rate = Total standard overhead ÷ Total standard hours
= $163,710 ÷ (1,120 × 5)
= $163,710 ÷ 5,600
= $29.23
So, for determining the overhead application rate we simply divide the total standard overhead by total standard hours.
b. The computation of overhead was applied to production is shown below:-
Applied overhead = Standard hours for actual production × Overhead application rate
= 5,000 × $29.23
= $146,150
So, for determining the applied overhead we simply divide the standard hours for actual production by overhead application rate
Mr. D is the manager of a local walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day walgreens receives shipments from pepsi, evian, hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is mr. D using at walgreens to reduce his costs?.
The system is mr. D using at walgreens to reduce his costs is just in time inventory.
What is just in time inventory?JIT, or just-in-time inventory management, involves only ordering products from vendors when they are actually needed. This approach's primary goals are to lower the cost of keeping inventory and boost inventory turnover.With a just-in-time (JIT) inventory system, a business receives products as close as feasible to the moment they are actually required. As a result, if an auto assembly facility wants to install airbags, it doesn't maintain a supply on hand; instead, it gets them as the cars are put together.In conclusion. When used properly, JIT inventory can be a terrific method to reduce costs and boost productivity.
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Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?
Farmers' markets: The typical farmers' market may be the closest thing to ideal competition that exists in the real world. Small customers producers charge relatively similar pricing for products that are almost equivalent.
Considering that there are so many small producers in the agricultural sector and that they have so little. This industry perhaps displays the closest thing to ideal competition because of its control over the selling pricing of their products. Monopolistic Competition Despite the fact that numerous businesses use customers marketing techniques and recipes, McDonald's is nonetheless distinct. Because the products are not uniform, the market cannot be completely competitive.
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If an elevator in a large building malfunctions, the owners may ask someone from the Maintenance/Operations pathway of the Architecture and Construction career cluster to look at it.
true or false
If the federal government wants to encourage businesses and consumers to spend more money, it wo
A)
increase the tax rate.
B)
decrease the tax rate.
C)
increase the reserve requirement.
Eliminate
D)
decrease government spending on goods and services.
Fearing a recession the government decide
Answer:
B) decrease the tax rate.
Explanation:
Decreasing taxes results in individuals and businesses paying lower taxes to the government. Reducing taxes increases the amount of disposable income available to individuals and firms. Therefore, a decrease in taxes will have the same effects as an increase in income. Households and firms will have more money available for spending.
Decreasing taxes is one way the government may use to encourage increased spending. On the other hand, an increase in taxes results in lower disposable income for people and firms. A decrease in government spending results in fewer jobs available, which reduces incomes and consumer spending.
A company's marketing mechanism is deemed successful only if
A company's marketing mechanism is deemed successful only if it attracts new customers and gets positive responses. An essential component of business operations is marketing research.
It can assist businesses in making decisions on what things to create, how to price their goods, and the best marketing strategies.
However, it can take a lot of time and effort to perform marketing research. A methodical approach to information collection, analysis, and reporting that supports firms in their marketing decisions is known as marketing research.
Identification and comprehension of client requirements and preferences are the goals of marketing research, which enables businesses to develop goods and services that meet those needs and preferences. Typically, marketing research entails surveys, focus groups, interviews, or customer observation.
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Flagg, Inc. records adjusting entries at its December 31 year end. At December 31, employees had earned $9,200 of unpaid and unrecorded salaries. The next payday is January 3, at which time $23,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
Debit Salaries expense $9,200; credit Salaries payable $9,200.
Debit Salaries expense $13,800; debit Salaries payable $9,200; credit Cash $23,000.
Debit Salaries payable $13,800; credit Cash $13,800.
Debit Salaries payable $9,200, credit Salaries expense $9,200.
Debit Salaries expense $13,800; credit Salaries payable $13,800.
Answer:
Debit Salaries payable $9,200, Credit Salaries expense $9,200.
Explanation:
Journal entry to reverse the effect of the December 31 salary expense accrual:
Date Journal Entry Debit Credit
Salaries payable $9,200
Salaries expense $9,200
One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
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Search to find any summary about the company that mentions funds for starting the business.
Look to see what kinds of products or services will be involved with the business.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section. Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
After conducting research on the internet, a summary about a company that mentions funds for starting the business, employee data, and products or services that the company provides compared to other similar business plans has been found.
The company’s name is K-12 Business Education Services and they specialize in providing online business courses to K-12 schools. Their courses are designed to help students learn about business principles such as marketing, finance, accounting, and entrepreneurship. The company’s business plan indicates that they have received funding from several sources including angel investors, venture capitalists, and bank loans. They also have a team of experienced employees who have been in the business education industry for many years. According to the company’s website, they offer a wide range of courses that are designed to be engaging and interactive. Students can learn at their own pace and can complete their coursework from anywhere with an internet connection. The courses are also designed to be affordable, which makes them accessible to a wider range of students. In comparison to other similar business plans, K-12 Business Education Services is unique in that they offer a comprehensive range of courses that are designed specifically for K-12 students. Other similar business plans tend to focus on providing courses for adult learners or students who are already enrolled in college. Additionally, K-12 Business Education Services has received funding from several sources, which indicates that they are a promising start-up that has the potential to grow and expand in the future.For such more question on entrepreneurship
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Resources are limited in
_________?
Answer:
A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.
Explanation:
explain the meaning of an action plan
Answer:
An action plan is a document that lists what steps must be taken in order to achieve a specific goal
Answer:
An action plan is a comprehensive plan on how to reach a goal
Explanation:
It assists in improving teamwork planning and is a key step in the process of the planning process. Action plans can be used by people to create a strategy for achieving their own personal goals in addition to project management.
A production budget is most important for which of the following?
A. Retail stores
B. Manufacturing Firms
C. Non-profit companies
D. Local Government Agencies
E. All the above
Answer:
Explanation:
Manufacturing Firms
What are the components of hire purchase contracts
Answer:
Explanation:
Hire purchase contracts are a type of agreement where a buyer purchases a product or item through installment payments. The components of hire purchase contracts typically include:
Buyer: The individual or organization purchasing the item through the hire purchase contract.
Seller: The person or company that owns the item and is selling it through the hire purchase contract.
Down payment: The initial payment made by the buyer at the beginning of the contract, typically a percentage of the total purchase price.
Installment payments: The regular payments made by the buyer to the seller to pay off the total purchase price of the item.
Interest rate: The rate charged by the seller on the outstanding balance of the purchase price. This is typically higher than the interest rate charged on a conventional loan.
Term: The length of time over which the buyer will make installment payments. The term can vary depending on the agreement between the buyer and the seller.
Ownership: The ownership of the item remains with the seller until the buyer completes all the installment payments.
Default: The consequences of defaulting on payments, including the seller's right to repossess the item if payments are not made.
Termination: The conditions under which the contract can be terminated, such as if the buyer pays off the entire purchase price early or if the seller breaches the contract.
Overall, hire purchase contracts are a way for buyers to purchase items they may not be able to afford upfront, while allowing sellers to earn a profit by charging interest on the outstanding balance. It is important for both parties to carefully review and understand the terms of the contract before agreeing to it.
In which one of the following instances is the rivalry among competing sellers generally
weaker?
When the industry's product is costly to hold in inventory, perishable, or seasonal
o When one or more rivals are dissatisfied with their business performance and are making
aggressive moves to attract more customers
When there are so many rivals that any one company's actions have little direct impact on
the businesses of rivals
when rivals have dissimilar costs and dissimilar industry outlooks
When competing sellers are active in making fresh moves to improve their market standing
and business performance
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Answer:
I'd say when there are so many rivals that one company's action have little direct impact on the businesses of rivals
compare and contrast the
Central Reservation System and Property
Management System.
The Central Reservation System (CRS) and Property Management System (PMS) are both software systems used in the hospitality industry, but they serve different purposes and have distinct functionalities.
Central Reservation System (CRS):
1. Purpose: The CRS is primarily designed to manage and facilitate reservations and bookings for multiple properties or hotel chains.
2. Functionality: It provides a centralized platform to manage availability, rates, and inventory across various distribution channels, such as online travel agencies (OTAs), Global Distribution Systems (GDS), and the hotel's own website. It allows for real-time reservation processing, synchronization of rates and availability, and seamless integration with external distribution partners.
3. Key Features: The CRS typically includes features like online booking engines, channel management, rate management, reservation tracking, and reporting and analytics tools.
4. Benefits: The CRS enables efficient management of room inventory, maximizes occupancy rates, streamlines distribution processes, and provides a centralized view of reservations across properties, enhancing revenue management and customer satisfaction.
Property Management System (PMS):
1. Purpose: The PMS focuses on managing the day-to-day operations of an individual property or hotel.
2. Functionality: It handles front-office tasks such as guest check-in and check-out, room assignment, billing and invoicing, housekeeping management, guest communication, and other operational processes specific to a single property.
3. Key Features: The PMS typically includes features like reservation management, guest profiles, room inventory management, billing and accounting, housekeeping and maintenance management, reporting, and integration with other hotel systems.
4. Benefits: The PMS streamlines operational workflows, enhances guest services, improves staff efficiency, maintains accurate guest and financial records, and supports internal communication and coordination.
In summary, while the Central Reservation System (CRS) focuses on managing reservations and distribution across multiple properties, the Property Management System (PMS) is tailored for the operational management of a single property. The CRS emphasizes distribution and revenue management, while the PMS focuses on front-office operations and guest services.
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A _____ is something you would like to accomplish in the near future: a day, a week, or even a few months from now.
short-term goal
long-term goal
intermediate goal
specific goal
Answer:
short term goal im pretty sure
Explanation:
Answer:
short term goal mark him brainlest though
Explanation:
Remington is single and files using the head of household filing status. His AGI is $95,000. He has two qualifying children: Serenity, age 6, and Penelope, age 17. What is the amount of Remington's 2021 Child Tax Credit (CTC)?
The amount of Remington's Child tax credit will be $6,000.
The Child Tax Credit is a program which help parent to reduce their Federal tax owe through each qualifying child under the age of 17.
Since his Adjusted gross income (AGI) is $95,000, then, the child tax credit for the children age (6 to 17) will be $3,000
For the 2 qualifying children:
Child tax credit = $3,000 + $3,000
Child tax credit = $6,000
Therefore, the Option C is correct because the amount of Remington's Child tax credit will be $6,000.
Missing options includes "$3,000, $3,600, $6,000, $6,600"
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Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.
A) Advantage of a sole proprietorship
B)Disadvantage of a sole proprietorship
Some of the advantages and disadvantages of sole proprietorship include:
Advantage - keep all the profits Disadvantage - personally liable for any debtsWhat are the advantages and disadvantages of sole proprietorship?One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.
One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.
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If the market supply of labor increases, the total wage income will increase if the
O demand for labor is elastic.
O demand for labor is inelastic.
O supply of labor is elastic.
O supply of labor is inelastic.
If the market supply of labor increases, the total wage income will increase if the 'demand for labor is elastic'.
What do you mean by Labor?
Labor is physical or mental work or effort done in order to achieve a purpose or result. It is often used to refer to the work done by employees for their employer in exchange for wages or salary. It can also refer to the activity of doing something that requires a lot of effort or energy.
If the market supply of labor increases, it means that there are more workers available to work. If the demand for labor is elastic, it means that employers will be willing to pay more for the additional labor. This will result in an increase in the total wage income for workers.
Hence, option A is correct.
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A company issues a bank-accepted bill to fund a short-term business project. The bill is issued for 180 days, with a face value of $200 000 and a yield of 9 per cent per annum. (a)What amount will the company raise to fund the project? After 33 days, the bank bill is sold by the original discounter into the money market for $193 015.90. The purchaser holds the bill to maturity. What is the return to: (b) the original discounter? (c) the holder at maturity?
A. The amount raised is $191.552.5
B. The return to the original discounter is 8.44%
C. The return to the holder at maturity is 8.98%
a. The company is going to raise $191,552.5 to fund the project
Fv = 200000
yield = 9%
Days = 180
for 180 days = 0.09 * 180/365
= 0.044
Amount raised = Fv/(1+i)= 200000/(1+0.044)
= 200000/1.044= $191.552.5
b. The return to the original discounter is 8.44%
\([(193 015.90-191,552.5)/191,552.5]*\frac{365}{33}\)
= 0.00763*11.06= 8.44%
Therefore the return to the original discounter is 8.44 percent.
c. The return to the holder at maturity is 8.98%
\([(200000-193015.9)/193015.9]*\frac{365}{180-33}\)
=0.0362*2.483
=0.08988
=8.98 percent
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What happens when a
business gets audited?
A. The technology department will make
sure that their computer systems are safe
from hackers.
B. The government will look at all of the
company's finances and make sure the
money is accounted for.
C. The architectural engineer will look at
specifications for a project to make sure
they are correct.
D. The chief officers of the company will
look at the manufacturing process to ensure
efficiency.
Answer:In an audit, the IRS is simply questioning an item or items that you reported on your tax return. For example, the agency may question whether you actually reported all of your income, or claimed legitimate tax deductions. In most cases, you will need to provide additional documentation to support the item in question.
Explanation: