The computation of pension expense includes all of the following except expected return on plan assets.
The computation of pension expense includes several components such as service cost, interest on the projected benefit obligation, amortization of prior service cost, and expected return on plan assets. However, the expected return on plan assets is not considered as an expense but rather as a reduction in the net pension liability or asset.
The computation of pension expense is a complex process that involves several components. These components include service cost, interest on the projected benefit obligation, amortization of prior service cost, and expected return on plan assets. The service cost component is the present value of the benefits earned by the employees during the current period, and it is measured using current salary levels. The interest cost component is the increase in the projected benefit obligation due to the passage of time, and it is calculated by multiplying the projected benefit obligation by the discount rate. The amortization of prior service cost is the recognition of the cost of plan amendments or curtailments over the average remaining service life of the affected employees. Finally, the expected return on plan assets is the rate of return that the plan assets are expected to earn over the long term. However, this component is not considered as an expense but rather as a reduction in the net pension liability or asset. This is because it is assumed that the plan assets will earn a certain rate of return, which is used to offset the expense associated with providing pension benefits.
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if you are given an amount to start your business, what items will you considered and why?
If I were given an amount to start my business, there are several crucial items I would consider investing in. Here are the key items Market Research and Analysis, Product/Service Development, Marketing and Advertising, Infrastructure and Equipment, Human Resources, Legal and Regulatory Compliance, Contingency Fund.
Market Research and Analysis: Allocating funds for thorough market research and analysis is essential. It helps identify target customers, understand competition, and determine market trends, ensuring informed decision-making and a solid business strategy.
Product/Service Development: Investing in product or service development is crucial to create a high-quality offering that meets customer needs. This includes research and development, prototyping, and testing to refine the product/service before launch.
Marketing and Advertising: A portion of the funds should be dedicated to marketing and advertising efforts. This may include digital marketing campaigns, social media advertising, search engine optimization, and other promotional activities to create brand awareness and attract customers.
Infrastructure and Equipment: Setting up a reliable infrastructure and acquiring necessary equipment are vital. This includes office space, technology infrastructure, manufacturing equipment, or software tools that facilitate efficient operations.
Human Resources: Hiring the right talent is critical for the success of any business. Allocating funds for recruitment, training, and salaries is important to build a skilled team that can execute the business plan effectively.
Legal and Regulatory Compliance: Ensuring compliance with legal and regulatory requirements is crucial. Allocating funds for legal services and licenses/permits will help navigate legal complexities and avoid potential issues in the future.
Contingency Fund: It's prudent to allocate a portion of the funds for unexpected expenses or emergencies. Having a contingency fund provides financial security and allows the business to navigate unforeseen circumstances without compromising operations.
By investing in these areas, I can lay a strong foundation for my business, ensuring a well-researched strategy, quality product/service, effective marketing, efficient operations, compliance with regulations, and the ability to handle unforeseen challenges.
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A and B were partners sharing profits and losses in the ratio of 3:2. They admit C for 1/5th share and guarantee that his share of profits will not be less than $10,000. Total profits of the firm were $40,000. Prepare Profit and Loss Appropriation Account
A and B are partners who share profits and losses in a ratio of 3:2. C was admitted for 1/5th share, with a guarantee that his share of profits would not be less than $10,000. The company's total profit was $40,000. To prepare the profit and loss appropriation account, the following steps must be taken:Step 1: Determine the net profit of the company.
In this scenario, the net profit of the company is $40,000.Step 2: Divide the net profit between the partners based on their profit sharing ratio.A's share = 3/5 of $40,000 = $24,000B's share = 2/5 of $40,000 = $16,000C's share = 1/5 of $40,000 = $8,000 (minimum guaranteed share)The total share of the partners is equal to $48,000 ($24,000 + $16,000 + $8,000)Step 3: Calculate the adjustment entry needed to provide C with a minimum profit of $10,000.
This adjustment entry is calculated as follows:Minimum guaranteed profit = $10,000Actual share of profit from the company = $8,000Deficiency = $2,000This deficiency is to be borne by the remaining partners, A and B. The deficiency is split in the same proportion as the profit sharing ratio. Thus, A and B would contribute in a ratio of 3:2.A's share of the deficiency = 3/5 * $2,000 = $1,200B's share of the deficiency = 2/5 * $2,000 = $800Step 4: Prepare the Profit and Loss Appropriation Account.
To prepare the Profit and Loss Appropriation Account, follow the steps below: Appropriations C's share of profit8,000Deficiency to be borne by A and B1,200800Total appropriations9,000Balance carried down31,00031,000Total40,00040,000Hence, this is the preparation of the Profit and Loss Appropriation Account.
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What characteristic of cloud technology helps minimize storage costs by allowing customers to pay only for what resources they use?
The characteristic of cloud technology that helps minimize storage costs by allowing customers to pay only for what resources they use is known as scalability or elasticity.
Scalability refers to the ability of cloud services to dynamically allocate and deallocate resources based on demand. This means that customers can easily scale up or down their storage capacity as needed without having to invest in additional hardware or pay for unused storage space.
With cloud technology, customers can leverage on-demand provisioning and pay-per-use models, which enable them to allocate storage resources as required and only pay for the actual usage.
This flexibility allows organizations to optimize their storage costs by eliminating the need for upfront investments in infrastructure and avoiding the expenses associated with maintaining and managing excess storage capacity.
Additionally, cloud providers often offer tiered storage options, allowing customers to choose cost-effective storage solutions based on their specific requirements.
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Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who _____. a. has good communication skills b. has a positive attitude c. does their share of the work d. All of the above
Answer:
D: All of the above
Explanation: Because she can tell each person what specific thing she wants them to do.
Have a nice day!!
Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who has good communication skills, has a positive attitude and does their share of the work. Hence, option D is correct.
What is communication skills?Communication is the capacity to effectively transmit or exchange ideas and thoughts. Many experts agree that good communication skills require delivering messages without misleading or deceiving others. Communicating clearly with a range of people from different backgrounds.
Communication skills are the abilities you employ when providing and receiving various forms of information. Examples include sharing original ideas, feelings, or even a project update. The four Cs of communication are compassion, compassion, compassion, and compassion.
Thus, option D is correct.
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______________ is the process of taking a creative idea and turning it into a useful product, service, or method of operation.
A. Interpretive thinking
B. Opening a window of opportunity
C. Imagination
D. Creativity
E. Innovation
Answer:
innovation
Explanation:
Innovation is the process of taking a creative idea and turning it into a useful product, service, or method of operation. Thus, option 'E' is the correct option.
What is innovation?The creation of more efficient goods, procedures, services, technology, works of art, or business models, which innovators then make available to consumers, governments, and society as a whole, is a common way that innovation occurs. Innovation and invention are closely related, but they are not the same thing. While some innovations call for a new invention, not all do. Innovation is more likely to involve the practical application of an invention (i.e., new/improved ability) to make a significant impact on a market or society.
When a technical or scientific problem needs to be solved, technological innovation frequently takes the form of an engineering solution. Exnovation is the reverse of innovation. Innovation generally differs from creativity in that it places more emphasis on the application of creative ideas in an economic context.
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PLEASE HELP!!!!!!
TRUE/FALSE: Having product knowledge will make you more confident when assisting customers.
True
False
Answer:
true
Explanation:
True because this is what makes the customer's experience better with the staff
Help please!!
Andrew is a software professional. He wants to join a group of software professionals on a networking site to remain updated on latest software trends. Which networking site should Andrew join?
Answer:
Explanation:
it specializes in that department
Who must sign the mortgage broker dual agency disclosure form?The broker and the borrowerOnly the borrowerThe borrower and the lenderThe borrower and the seller
Option (a), Both the borrower and the broker must sign the mortgage broker dual agency disclosure form.
This form is required by law in some states, and it is used to disclose that the mortgage broker is representing both the buyer and the seller in a real estate transaction. It is important for both parties to sign the form to acknowledge that they understand this potential conflict of interest. The form may also require signatures from the lender and/or seller depending on the specific requirements of the state and transaction.
The mortgage broker dual agency disclosure form must be signed by the broker and the borrower. This ensures that both parties acknowledge and consent to the dual agency relationship.
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what makes recession and recover different?
The thing that makes recession and recover different is that Economic recovery serves as the business cycle stage which do follow recession .
What is recession and recovery?Recession and recovery can be described as the economuic terms that is been used by the ecconomist whereby the recession can be seen as the period of economic meltdown where there is usually a high inflation of goods as well as services.
It should be noted that the recovery period do follow the reccession which can be described as the sustained period of improving business activity that can happen in a country.
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A contract between Lee and Mary may not be assigned if it
a. does not expressly permit assignment.
b. involves a sale of goods.
c. involves personal services.
d. is oral.
In contract law, the general rule is that a contract can be assigned unless there is a specific provision or circumstance that prohibits or restricts assignment.
While there are exceptions and specific rules depending on the jurisdiction and type of contract, the absence of an express provision allowing assignment typically means that the contract cannot be assigned.
b. Involves a sale of goods: Contracts involving the sale of goods can generally be assigned unless there is a specific provision prohibiting assignment. The Uniform Commercial Code (UCC), which governs the sale of goods in the United States, allows for assignment of contract rights in such cases.
c. Involves personal services: Contracts for personal services can be assigned unless the contract specifically prohibits assignment or if the assignment would significantly change the duties or obligations of the contracting parties. However, personal service contracts often contain provisions addressing the assignment or delegation of duties.
d. Is oral: While written contracts are generally preferred for clarity and enforceability, oral contracts can still be valid and enforceable in many situations. The enforceability of an oral contract is generally not dependent on its assignability. Whether an oral contract can be assigned or not would depend on the applicable contract law principles and any specific provisions or circumstances involved.
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Compare and contrast what is meant by "liquidity" when referring to a CD and a mutual fund. (50 points!)
A liquidity of certificate of deposit means the ease of investors to making a withdrawals without incurring a penalty on the account while the liquidity of mutual fund means the ease of investors to making a withdrawals of the funds
What is known as Liquidity?In finance, the term "Liquidity" means the ease with which an asset or security can be converted into ready cash without affecting its market price. As it explains the ease of converting into ready cash without affecting its market price, the most liquid asset of all is the cash itself.
That said, the cash is the most liquid of assets while the tangible items are less liquid. The main types of liquidity include the market liquidity and accounting liquidity.
In conclusion, the liquidity of certificate of deposit and mutual funds means the ease of investors to making a withdrawals without incurring a penalty on the account and this is an important attribute of these securities as it measures the fund's ability to meet near-term shareholder redemption.
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If consumer confidence is high, individuals are multiple choice question. More willing to spend on big-ticket items. Not affected by consumer confidence. Less willing to spend on big-ticket items
If consumer confidence is high, individuals are more willing to spend on big-ticket items. The correct answer is A.
When people are confident, they are more likely to spend money on expensive products. This is because high consumer confidence indicates that people are optimistic about the future of the economy and their own personal financial situations.
As a result, they are more likely to make large purchases, such as buying a car or a house. Conversely, when consumer confidence is low, individuals are less willing to spend on big-ticket items because they are uncertain about the future and may be worried about their own financial stability.
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name two methods used to measure inequality of income in a country
The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .
I hope it is helpful for you .
Mark this question SUPPLY AND DEMAND SUPPLY PRICE DEMAND QUANTITY Which of the following is NOT an example of a shift in demand or supply? O A fertilizer price reduction of $10 per bag causes farmers to buy more. O As more books become available in electronic form, demand for paperback books decreases Technological advances increase the production of a particular product, causing a change in supply. O Around the winter holidays, demand increases for a particular children's toy.
The option that is NOT an example of a shift in demand or supply is: O A fertilizer price reduction of $10 per bag causes farmers to buy more.
In this scenario, the decrease in fertilizer price is a change in the determinant of supply (i.e., the cost of production), which leads to an increase in the quantity supplied. It does not represent a shift in the entire supply curve, which would involve factors like changes in technology, input costs, or the number of suppliers. In the scenario mentioned, the reduction in fertilizer price causing farmers to buy more is an example of a movement along the supply curve, rather than a shift in the entire supply curve.
For example:
If technological advances increase the production of a particular product, it will cause a change in supply. This means that the entire supply curve will shift to the right, indicating an increase in the quantity supplied at each price level. As more books become available in electronic form, the demand for paperback books decreases. This represents a shift in the demand curve. The entire demand curve for paperback books would shift to the left, indicating a decrease in the quantity demanded at each price level. Around the winter holidays, demand increases for a particular children's toy. This is an example of a shift in demand.
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companies create business records of many types and store the electronic files using an electronic records management (erm) system. explain why an erm is a senior management issue and not simply an it issue?
In the condition given above, it has been stated that Electronic Records Management System (ERM) is a senior management issue and not an IT issue, because the senior management is accountable for the data and information being stored in the records.
What is the significance of senior management issue?A senior management issue can be referred to the issues that occur in organization directly in relation to the duties and powers of the senior management and personnel of the organization. The senior management is bound by certain rules and regulations.
Therefore, the significance regarding senior management issue has been aforementioned.
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Use of a computer-based system to transfer money from the drawer's account to the payee's account is called a(n)
None of these
Automatic Withdrawal
Online Banking
Electronic Funds Transfer
Answer:
It's an electronic funds transfer.
Explanation:
Online banking would make no sense it would say a whole different story , automatic withdrawal would make no sense also , so therefore it is Electronic funds transfer
How will you be able to become the cost leader of the market in which you deal?
A.
by focusing on customer loyalty
B.
by analyzing your competitive advantage and identifying which strategy works best for your business
C.
by concentrating on serving a particular segment of customers better
D.
by producing a product that has a higher perceived value to the customers when compared to the already existing products
E.
by producing your goods at the lowest price in the market
Answer:
well it would be A i think
Explanation:
Answer:
E. by producing your good at the lowest price in the market
Explanation:
Plato
Team building exercises and motivation techniques are tools used in _____ management.
Team building exercises and motivation techniques are tools used in human resource management.
Tools used in the field of human resource management include team-building activities and motivational strategies. Effective workforce management and development are the main goals of human resource management. Organizations use team building exercises to improve cooperation, communication and trust between team members.
To promote a sense of unity and cohesion within the team, these exercises frequently include interactive activities, problem solving exercises and team based challenges. Additionally, motivational strategies are used to inspire and motivate staff members to deliver their best work.
These methods can consist of creating a positive work environment, performance feedback, rewards and recognition programs and opportunities for career advancement. In the field of human resource management, team building activities and motivational strategies are crucial for fostering worker satisfaction, productivity and overall organizational success.
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An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2 per unit for Y. The consumer in this case has a utility function expressed as:
U(X,Y) = .5XY
a. Express the budget equation mathematically by plugging in the given information. Use capital letters and a single space between operators.
b. Determine the values of X and Y that will maximize utility.
c. Determine the total utility that will be generated per unit of time for this individual. (no decimals)
Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
A) Budget equation mathematically
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
b) Values of X and Y that will maximize utility
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
c) Total utility generated per unit of time
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
a+1%+improvement+in+which+business+variable+would+have+the+biggest+impact+on+the+bottom+line?
A 1% increase in variable "sales" would have the biggest impact on the bottom line as it would lead to a proportional increase in revenue.
In businesses, various factors affect the bottom line, such as revenue, cost of goods sold, gross profit, operating expenses, and net profit. Out of these factors, "revenue" is a crucial variable for any business. When the revenue increases, it helps the company to cover its costs, invest in growth opportunities, pay salaries, and distribute dividends to shareholders.A 1% increase in sales would have the most significant impact on the bottom line as it would result in a proportional increase in revenue. For example, if a company has annual sales of $10 million, then a 1% increase in sales would lead to an additional $100,000 in revenue. This increase in revenue would result in a higher net profit, assuming the company's operating expenses remain the same.
Conversely, if a company increases its operating expenses by 1%, it would lead to a lower net profit, assuming the revenue and other expenses remain the same. Therefore, the biggest impact on the bottom line would be a 1% increase in sales.
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What mechanisms operate the chain of building relationship equity?
The mechanisms that operate the chain of building relationship equity include trust, commitment, communication, and customer satisfaction.
1. Trust: Establishing trust is essential in building relationship equity, as it creates a solid foundation for long-term relationships. Trust can be developed through transparency, honesty, and consistently delivering on promises.
2. Commitment: Demonstrating commitment to the relationship is crucial, as it shows that both parties are invested in maintaining and growing the partnership. This can be achieved by being reliable, meeting expectations, and working towards common goals.
3. Communication: Effective communication is key to building relationship equity, as it helps in addressing concerns, sharing information, and resolving conflicts. Regular and open communication ensures that all parties are on the same page and working collaboratively.
4. Customer satisfaction: Ensuring customer satisfaction is important for building relationship equity, as satisfied customers are more likely to remain loyal and recommend the business to others. By offering quality products or services and addressing customer needs, businesses can build strong relationships and enhance their equity.
By focusing on these mechanisms, businesses can successfully build relationship equity, leading to long-lasting and mutually beneficial partnerships.
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according to the authors, advertisers who market such products as deodorants, mouthwashes, and room deodorizers succeed because they
According to the authors, advertisers who market products such as deodorants, mouthwashes, and room deodorizers succeed because they tap into consumers' anxieties about social acceptance and rejection.
These products are marketed as a solution to the fear of being socially undesirable due to unpleasant body odors or bad breath, which can cause social rejection. Advertisers create a sense of insecurity and vulnerability in consumers and then offer their products as a way to alleviate those fears and anxieties. The authors argue that this type of advertising is effective because it targets consumers' emotional vulnerabilities and promotes the idea that the use of these products is essential to being socially acceptable.
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Flounder Spa shows a general ledger balance for the Cash account of $4,002.35 on June 30 and the bank statement as of that date indicates a balance of $4,165.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for June of $34.00. 2. A bank memostated that Bao Dai's note for $904.00 and interest of $44.00 had been collected on June 29 , and the bank had charged $4.00 for the collection. Any interest revenue has not been accrued. 3. Deposits in transit June 30 were $2,900.00. 4. Cheques outstanding on June 30 totalled $2,131.05. 5. On June 29, the bank had charged Flounder Spa's account for a customer's NSF cheque amounting to \$473.20. 6. A customer's cheque received as a payment on account of $81.00 had been entered as $63.00 in the cash receipts journal by Flounder Spa on June 15. 7. Cheque no. 742 in the amount of $479.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $46.20 had been entered as $568.00. Both cheques were issued as parments on account. 4. Cheques outstanding on June 30totared \$2,131.Us. 5. On June 29, the bank had charged Flounder Spa's account for a customer's NSF cheque amounting to \$473.20. 6. A customer's cheque received as a payment on account of $81.00 had been entered as $63.00 in the cash receipts journal by Flounder Spa on June 15. 7. Cheque no. 742 in the amount of $479.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $46.20 had been entered as $568.00. Both cheques were issued as payments on account. 8. In May, the bank had charged a $20.50 Wella Spa cheque against the Flounder Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. Prepare any journal entries that are needed to adjust the Cash account at June 30 .
To adjust the Cash account at June 30, we need to consider the given facts and make the necessary journal entries. Let's go through each fact and prepare the adjusting entries:
1. Bank service charges for June: Debit Bank Service Charges Expense and credit Cash.
Journal entry:
Debit: Bank Service Charges Expense $34.00
Credit: Cash $34.00
2. Bao Dai's note and interest collection: Debit Cash, credit Bao Dai's Note Receivable, credit Interest Revenue, and debit Bank Service Charges Expense.
Journal entry:
Debit: Cash $904.00 (Bao Dai's note collected)
Debit: Bank Service Charges Expense $4.00 (collection charge)
Credit: Bao Dai's Note Receivable $904.00
Credit: Interest Revenue $44.00
3. Deposits in transit: Debit Cash and credit Deposits in Transit.
Journal entry:
Debit: Cash $2,900.00
Credit: Deposits in Transit $2,900.00
4. Cheques outstanding: Debit Accounts Payable and credit Cash.
Journal entry:
Debit: Accounts Payable $2,131.05
Credit: Cash $2,131.05
5. NSF cheque charge: Debit Accounts Receivable and credit Cash.
Journal entry:
Debit: Accounts Receivable $473.20
Credit: Cash $473.20
6. Incorrect entry for customer's cheque: Debit Cash and credit Accounts Receivable.
Journal entry:
Debit: Cash $18.00 ($81.00 - $63.00)
Credit: Accounts Receivable $18.00
7. Incorrect cheque amounts: Debit Accounts Payable and credit Cash.
Journal entries:
Debit: Accounts Payable $45.00 ($479.00 - $434.00)
Credit: Cash $45.00
Debit: Accounts Payable $521.80 ($568.00 - $46.20)
Credit: Cash $521.80
8. Reversal of May bank charge: Debit Cash and credit Bank Service Charges Expense.
Journal entry:
Debit: Cash $20.50
Credit: Bank Service Charges Expense $20.50
After adjusting the Cash account for these transactions, the ending balance should match the bank statement balance of $4,165.00.
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large store carrying a great variety of goods
A large store carrying a great variety of goods, often referred to as a "department store" or "supermarket," provides customers with an extensive selection of products to meet their diverse needs and preferences.
These stores stock a wide assortment of goods, ranging from groceries, clothing, and electronics to household items, cosmetics, and toys. This vast variety ensures that customers can find almost everything they need in a single location, promoting convenience and efficient shopping.
The primary advantage of a store offering such an extensive variety of goods is that it caters to the diverse tastes and requirements of a broad customer base. People with different preferences, lifestyles, and budgets can find products that suit their needs and desires. Additionally, these stores often carry both high-quality, premium products and affordable, budget-friendly options, catering to customers with varying financial resources.
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Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?
Answer: short term goal
Explanation:
A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.
Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.
you set up event subscription, but you are getting an overwhelming amount of events recorded. what should you do?
If you set up an event subscription, but you are getting an overwhelming amount of events recorded, then you should modify the subscription to limit the number of events that are recorded.
Event subscription is a mechanism that enables your application to listen for specific events, such as "file created," "blob deleted," or "file changed." When an event occurs, the Blob service sends a message to your application. You can set up a webhook to listen to these messages and then take action.To set up an event subscription, you must take the following steps:
Step 1: Create an Azure event grid topicStep 2: Create an Azure Storage accountStep 3: Configure the Azure Storage account to send events to the Azure Event Grid topicStep 4: Create an event subscriptionStep 5: Test the event subscriptionIf you are getting an overwhelming number of events recorded, you can modify your subscription to restrict the number of events that are recorded. This can be accomplished in the following ways:Restrict the number of events that are recorded to a certain amount.Limit the number of events that are recorded within a certain time frame.To limit the number of events that are recorded within a certain time frame, use a filter to specify the desired timeframe. The filter can be based on the time when the event occurred.Learn more about event subscription: https://brainly.com/question/30225418
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Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Financial Analysts? Check all that apply. drawing charts and graphs to illustrate reports comparing insurance policies to determine the best choice informing investment decisions by analyzing financial information investigating cases of fraud helping families create realistic budgets
Answer:
A and C
Explanation:
BECAUSE I AM BIG BRAIN
Answer:
create client presentations of plan details
advise clients on aspects of capitalization, such as amounts, sources, or timing
Explanation:
If an item is $2.99 for a 32-oz. jar, then it is $
Answer:
Cost per unit $0.0934
Explanation:
Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
Whoosh Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expenses, 68% is cost of goods sold, while the remaining 32% relates to variable operating expenses. The company sells each carton of calendars for $16.50.
Requirement:
1. Compute the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven.
2. Compute the dollar amount of monthly sales Fast Spirit Calendars needs in order to earn $312,000 in operating income.
3. Prepare the company's contribution margin income statement for June for sales of 455,000 cartons of calendars.
4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales?
5. By what percentage will operating income change if July's sales volume is 11% higher?
Original volume (cartons)Add: Increase in volumeNew volume (cartons)Multiplied by: Unit contribution marginNew total contribution marginLess: Fixed expensesNew operating incomevs. Operating income before change in volumeIncrease in operating income Percentage change
The number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.
Breakeven1. Number of cartons
Number of cartons=fixed expenses/contribution margin per carton
Number of cartons=1095000/(16.5-6.5)
Number of cartons=109500
2. Target sales in dollars
Contribution margin ratio=contribution margin per carton/sales price per carton =
Contribution margin ratio=(16.5-6.5)/16.5
Contribution margin ratio=.61
Target sales in dollars=(fixed expenses + target operating income)/ contribution margin ratio
Target sales in dollars=(1095000+312000)/.61
Target sales in dollars=2,306,557
3. Contribution margin income statement
Sales revenue 7,507,500
(16.50x455,000)
Cost of goods sold 5,105,100
(6.50x455,000x68%)
Operating expenses 2,402,400
(6.50x455,000x32%)
Contribution margin 4,550,000
[(16.5-6.5)×455,000]
Fixed expenses 1095000
Operating income 3,455,000
(4,550,000-1,095,000)
4. Margin of safety (in dollars)
Sales revenue - sales revenue at breakeven = margin of safety ( in dollars) - ( sales price per carton x breakeven cartons) = margin safety in dollars
Margin safety in dollars=7,507,500-(16.5x109500)
Margin safety in dollars=7,507,500-1,806,750
Margin safety in dollars=5,700,750
Operating leverage factor =Contribution margin/operating income
Operating leverage factor =4,550,000/3,455,000
Operating leverage factor =1.316
Operating leverage factor =1.32 (Approximately)
5. Operating income
Operating income increase=Sales volume x operating leverage factor
Operating income increase=11%x1.32
Operating income increase=.1452
New volume=Original volume + increase in volume
{[455,000+45,500 x(16.5-6.5)]-1095000}-3,455,000
=[500,500x10)-1095000]-3,455,000
=(5,005,000-1095000)-3,455,000
=3,910,000-3,455,000
=455,000
455,000/3,455,000
=0.132
Inconclusion the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.
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