The claim is true for businesses with two or more owners who jointly own, manage, and are liable for all debts and obligations of the company.
What kind of business has limitless liability and two or more owners?Similar to sole proprietorships, a major issue with partnerships is unlimited liability, where each member is held personally responsible for both their own conduct as well as the activities of the other partners.
What kind of business requires at least two owners?The simplest form of joint ownership for two or more people is a partnership. The two most common types of partnerships are limited partnerships (LP) and limited liability partnerships (LLP).
To know more about businesses visit:-
https://brainly.com/question/15826604
#SPJ4
Exercise 2-12 Cost Classification [LO2-2, LO2-3, LO2-4, LO2-7]
Wollogong Group Ltd. of New South Wales, Australia, acquired its factory building about 10 years ago. For several years, the company has rented out a small annex attached to the rear of the building. The company has received a rental income of $30,000 per year on this space. The renter’s lease will expire soon, and rather than renewing the lease, the company has decided to use the space itself to manufacture a new product.
Direct materials cost for the new product will total $80 per unit. To have a place to store finished units of product, the company will rent a small warehouse nearby. The rental cost will be $500 per month. In addition, the company must rent equipment for use in producing the new product; the rental cost will be $4,000 per month. Workers will be hired to manufacture the new product, with direct labor cost amounting to $60 per unit. The space in the annex will continue to be depreciated on a straight-line basis, as in prior years. This depreciation is $8,000 per year.
Advertising costs for the new product will total $50,000 per year. A supervisor will be hired to oversee production; her salary will be $3,500 per month. Electricity for operating machines will be $1.20 per unit. Costs of shipping the new product to customers will be $9 per unit.
To provide funds to purchase materials, meet payrolls, and so forth, the company will have to liquidate some temporary investments. These investments are presently yielding a return of about $3,000 per year.
Required:
Using the table shown below, describe each of the costs associated with the new product decision in four ways. In terms of cost classifications for predicting cost behavior (column 1), indicate whether the cost is fixed or variable. With respect to cost classifications for manufacturers (column 2), if the item is a manufacturing cost, indicate whether it is direct materials, direct labor, or manufacturing overhead. If it is a nonmanufacturing cost, then select "none" as your answer. With respect to cost classifications for preparing financial statements (column 3), indicate whether the item is a product cost or period cost. Finally, in terms of cost classifications for decision making (column 4), identify any items that are sunk costs or opportunity costs. If you identify an item as an opportunity cost, then select "none" as your answer in columns 1-3.
The cost behaviour is none, product cost classification is none and non-product classification is opportunity cost.
What is cost behavior?When an activity is modified, cost behavior predicts how a cost will change generally.
In cost accounting and managerial accounting, three major cost behavior categories are frequently covered: variable costs The total quantity of a variable cost increases in direct proportion to the expansion of an activity. The total amount of a variable cost will also decrease according to a decreased activity, Fixed costs The total cost of a fixed cost is constant regardless of how much an activity changes. the variable or mixed costs. Both of these costs are made up of fixed and variable charges.
One example of a cost-conscious action is changing expenses. The price of flour at a bakery that produces artisan bread is an illustration of a variable cost. The overall cost of the flour used by the bakery increases as more loaves are produced.
Learn more about cost, here:
brainly.com/question/30045916
#SPJ1
In this Decision Point, you explored how businesses use the basic principles of economics to determine what price to charge customers and how much to produce. Use what you have learned in this decision point to answer the following questions. You are the general manager of a local automated car wash. There are several other car washes clos to yours and all offer the same service. You and your competitors in the area charge $15 per car wash, which is also your marginal cost per wash. a. If you set your price to $20, your profits will b. If you set your price to $10, your profits will c. What price should you charge to make you the most profit? $ per car wash Question 2 of 2 - DP3: Decision X 38/2760053/1/-1 ore: 0% Resources Hint Check A In this Decision Point, you explored how businesses use the basic principles of economics to determine what price to charge customers and how much to produce. Use what you have learned in this decision point to answer the following questions. You are the general manager of a local automated car wash. There are several other car washes clos to yours and all offer the same service. You and your competitors in the area charge $15 per car wash, which is also your marginal cost per wash. a. If you set your price to $20, your profits will b. If you set your price to $10, your profits will c. What price should you charge to make you the most profit? $ per car
The price that you should charge to make you most profit is $10.
What is profit?When the revenue from a commercial activity exceeds the costs, costs, and taxes required to support the business in question, this is when a profit is made. Any profits produced go back to the company's owners, who might choose to keep the funds for themselves, distribute them to shareholders as dividends, or reinvest them in the business. Profit is the money that a business keeps after all expenses are subtracted. While some analysts are more concerned with top-line profitability, others are more concerned with profitability before taxes and other expenses. The three main profit categories on an income statement are gross profit, operational profit, and net profit.
Price= $20-$10=$10
To learn more about profit, visit:
https://brainly.com/question/15699405
#SPJ4
projects are subject to limitations of time and resources such as funding and people and they should follow a planned and organized approach with a defined beginning and end. (True or False)
Answer:
True
Explanation:
g use this information to answer the following 2 questions: assume a single taxpayer is taxed at 10 on the first $9,875 of taxable income, 12% on the next $30,250 of income and at 22% for the following $45,400 of income. his taxable income is $81,775. what is the taxpayer's average tax rate? (enter your answer as a percent to two decimal places. for example, enter 36.25 and not 0.3625.)
One estimate claims that the average income tax burden for all taxpayers is 13.3%; however, determining an average is very difficult.
Which tax rates will be in force starting in 2022?
For the 2022 tax year, there are seven federal income tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your tax bracket is determined by your filing status and taxable income.
What will be the US's average tax rate in 2022?
tax brackets for 2022 (for taxes due April 2023 or October 2023 with an extension)
tax amount
Whether single, married, filing jointly, or a qualified widow
10%
$0 to $10,275
$0 to $20,550
12% $10,276 to $41,775
$20,551 to $83,550
22% $41,776 to $89,075
$83,551 to $178,150
24% $89,076 to $170,050
$178,151 to $340,100
To know more about married visit;
https://brainly.com/question/964414
#SPJ4
to improve collaboration between sales and marketing, the two parties should agree on critical customer issues such as
To improve collaboration between sales and marketing, the two parties should agree on clear goals and objectives, communication protocols and conflict resolution strategies. A regular forum should be established where both teams meet and discuss customer issues.
It should be a collaborative effort where each team can provide ideas and feedback on how best to meet customer needs. Additionally, creating a shared customer database that both teams can access and update in real-time is critical to maintaining visibility into customer needs and creating effective strategies. By creating a culture of collaboration between sales and marketing, both teams will be better able to identify customer needs and create successful strategies that meet those needs.
To know more about marketing click here
https://brainly.com/question/27155256
#SPJ4
alison, age four, needs to learn to speak up louder in class. her parents and teacher agree that whenever alison speaks up loudly in class, she will get a star on her chart. whenever she accumulates 25 stars, she will get to go to baskin-robbins for ice cream. alison starts speaking up in class more frequently. this is an example of . group of answer choices
She will get to go to Baskin-Robbins for ice cream every time she earns 25 stars. Alison starts participating more actively in class. An illustration of operant conditioning is this.
Operant conditioning: what is it?Operant conditioning or instrumental conditioning as it is more commonly referred to is a type of learning that is frequently attributed to B.F. Skinner and in which the likelihood that a response would be repeated relies on its effects. T
hrough the process of operant conditioning, behaviors that are rewarded or reinforced are more likely to be repeated whereas behaviors that are punished are less likely to do so.
John B. Watson had left academic psychology by the 1920s, and other behaviorists were starting to gain recognition and support non-classical conditioning strategies for learning. The most significant of these was probably Burrhus Frederic Skinner. However, B.F. Skinner is the name he is most frequently referred to for obvious reasons.
Learn more about operant conditioning with the help of the given link:
brainly.com/question/22785641
#SPJ4
One payroll engagement objective is to determine whether segregation of duties is proper. Which of the following activities is incompatible?
a. Preparing attendance data and preparing the payroll.
b.Hiring employees and authorizing changes in pay rates.
c. Preparing the payroll and filing payroll tax forms.
d. Signing and distributing payroll checks.
Preparing attendance data and preparing the payroll. so the option A is the correct answer of the given question.
A payroll is a list of the employees of an organisation who are entitled to compensation and other benefits, together with the amounts that each employee is expected to receive. Payroll can refer to the department inside the business that deals with compensation, or it can refer to the records of earlier payments to workers, such as salaries and wages, bonuses, and taxes deducted, as well as the amounts that each employee should get for time spent or tasks accomplished. Either all elements of the payroll process can be handled internally by the firm, or certain steps can be contracted out to a payroll processing company.
learn more about payroll here
https://brainly.com/question/9497135
#SPJ4
in the circular-flow diagram, in the markets forselect one:a.the factors of production, households and firms are both buyers.b.goods and services, households are sellers and firms are buyers.c.goods and services, households and firms are both sellers.d.the factors of production, households are sellers and firms are buyers.
In the circular flow diagram, households act as buyers and businesses as sellers in the markets for goods and services.
The circular flow diagramcan be used to comprehend how money circulates within an economy and a culture as a whole. Once wealth is introduced to the economy, it circulates in a variety of ways, allowing individuals, groups, businesses, and the government to purchase the goods and services they need to carry out their everyday activities. Although the model is built in this way, actual cash patterns are more complex. Economists have added new variables to better depict the intricate modern economies. The national income or domestic product of a nation is made up of these components (GDP). Because of this, the model is also known as the cyclic flow of income model.
To learn more about circular flow diagram refer here:
https://brainly.com/question/25756885
#SPJ4
The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was ________.
The answer is 60,000$ debit, The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was 60,000$.
Is debit positive or negative?Debit is the positive side of a balance sheet account and the negative side of a result item. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the reduction of a liability or revenue. A credit is the reverse of a debit.
Does debit imply that I owe money?Your account is in credit if it has a balance that reads "we owe you." You owe us indicates a debt balance. Your credit will be used to pay future expenses if you pay your monthly Direct Debit invoices in installments.
To know more about Debit visit:
https://brainly.com/question/29830330
#SPJ4
the correct definition of a balance sheet includes which of the following statements? (check all that apply.) multiple select question. the statement reports revenues and expenses over a period of time. the statement explains the changes in equity over a period of time. the statement reports assets, liabilities and equity at a point in time. the statement reports the financial position of a company at a point in time. the statement reports the equality of the accounting equation at any point in time.
The statement reports assets, liabilities and equity at a point in time. The statement reports the financial position of a company at a point in time.
What is balance sheet?The balance sheet, one of the three fundamental financial statements, is crucial to accounting and financial modelling. The balance sheet displays the total assets of the company along with the method of financing those assets, which might be either debt or equity. A statement of net worth or a statement of financial status are other names for it. The basis for the balance sheet is the fundamental equation Assets = Liabilities + Equity.
Consequently, there are two sides to the balance sheet (or sections). On the left side of the balance sheet, the assets of the firm are all displayed. On the right side of the balance sheet, the company's obligations and shareholders' equity are listed.
The divisions for current and non-current (long-term) assets and liabilities are separated.
To know more about balance sheet visit:-
brainly.com/question/29870502
#SPJ4
While conducting a market analysis survey for all positions in her organization, Ariana ahs been unable to find market data for a single incumbent job. Which process would be most useful for determining the pay grade for the job?
-slot the job into a pay grade with other jobs that have comparable job requirements
-place the job in the same pay grade as the current incumbent's salary
-send a survey to job incumbents to evaluate their compensation satisfaction
-create a new pay grade using the employee's salary as the midpoint
-ask the supervisor to review the job and place it in a pay grade
The hiring manage for an open position comes to you because he has made 3 offers to candidates but every one has been declined. the salary range for the open position is in line with his department staff's salary ranges. He is wondering if the starting pay rate he offered is competitive within the market. you determine that the compa-ratio for this position is 0.75. How can you explain what that means to the hiring manager?
-the starting pay rate is 25% below the industry average
-the starting pay rate is 75% below the industry average
-the starting pay rate is 25% above the industry average
-the starting pay rate is 75% above the industry average
-75% of employees in your organization are paid the industry average
-25% of employees in your organization are paid the industry average
Coral Manufacturing has decided to cross-train employees for shipping to production for potential job-sharing between these two departments. So far, no employees have volunteered to learn the new machines. Which approach is most likely to increase employees' willingness to cross-train?
-offer overtime pay for employees who cross train
-develop a rotation plan so that everyone works in all departments
-send managers through training on motivating employees
-tell employees that cross-training is required
-create a compensation plan that rewards employees for learning new skills
Offering competitive compensation is a crucial factor in deciding on a wage scale. You can predict what an employee will make by looking at the median salary for a specific position.
Which process is most useful for determining pay grade?The degree of tasks carried out in accordance with the job description, the amount of power held by the position, and the number of years the employee has worked in the role all contribute to determining the pay grade.Job grading is the process of assessing a job's worth or value in comparison to another, independent of the traits or background of the particular person holding the role at any one moment.Offering competitive compensation is a crucial factor in deciding on a wage scale. You can predict what an employee will make by looking at the median salary for a specific position.To learn more about Job grading refer to:
https://brainly.com/question/15330083
#SPJ4
identify each statement as true or false concerning why amazon allows third-party firms to offer products through its site.
All four of the following statements A, B, C, and D are true.
A. It is true that clients who sell on Amazon must provide payment and delivery information since they already have an Amazon account. Customers will save time and work because they won't need to generate new account details.
B. This is true; businesses can utilise Amazon's fulfilment services to keep their goods in its warehouses and have them shipped directly from Amazon. Amazon will handle inventory management, order fulfilment, and customer support, saving businesses time and resources.
C. True: Products sold by retailers on Amazon are listed on the Amazon website, where customers may search for and find them. This broadens their audience and makes their items more visible.
D. True – Free Prime delivery is an excellent perk for customers to shop at the business when products are sold through Amazon fulfilment services. This offers the company an edge over rivals who don't use Amazon for their sales.
Complete Question:
Identify each statement as true or false concerning reasons that a retailer would consider selling through Amazon using Amazon fulfillment services.
A. New customers acquired through Amazon wouldn't have to create additional account information if they already had an Amazon account
B. Amazon will warehouse products
C. Products can be searched for and discovered on the Amazon website
D. Products will be available for free Prime shipping
To learn more about Amazon visit:
https://brainly.com/question/30101553
#SPJ4
brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal a. $4. b. $2,000. c. $1,000. d. $2.
Brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal : $1,000
What Is a Variable Cost?Costs that vary according on how much of a good or service a company produces are known as variable costs. The total of marginal costs across all units produced represents variable costs. They may also be regarded as typical expenses. The two elements of total cost are fixed costs and variable costs.An expense for the company that varies according on how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs.Learn more about Variable cost refer to :
https://brainly.com/question/28481161
#SPJ4
democratic leadership is most similar to which of the following? theory z theory y laissez-faire theory x
Democratic leadership is most similar to theory z. So correct option is theory z.
Which leadership style does democracy favor?Democratic leadership, sometimes referred to as participatory leadership or shared leadership, is a leadership approach where group members are involved in the decision-making process. Any organization, including commercial companies, governments, and educational institutions, can benefit from this kind of leadership.
How should democratic leadership be characterized?A mix of autocracy and laissez-faire is the leadership style used in democracies. Before making a decision, a democratic leader solicits opinion from their team and takes it into account. Higher levels of staff engagement and job satisfaction are frequently linked to this leadership approach.
To know more about democratic leadership visit:
https://brainly.com/question/12535803
#SPJ4
The amount of revenue shown on the income statement may differ from the amount of cash inflow from operating activities shown on the statement of cash flows. This statement isa) true.b) false.
The amount of revenue proven on the income declaration may additionally differ from the quantity of cash inflow from working things to do proven on the announcement of money flows. This announcement is a) true.
What makes the earnings statement exclusive from the cash glide statement?A cash waft declaration sets out a business's cash flows from its operating activities, its financing activities, and its investment activities. An profits declaration offers users with a business's revenues and gains, as well as prices and losses, over a specific duration of time
Revenue is the money generated from regular enterprise operations, calculated as the common sales charge instances the variety of units sold. It is the pinnacle line (or gross income) discern from which fees are subtracted to decide internet income. Revenue is additionally regarded as sales on the profits statement.
Learn more about revenue here:
https://brainly.com/question/16232387#SPJ4Nelson Company experienced the following transactions during Year 1, its first year in operation.
Issued $12,000 of common stock to stockholders.
Provided $4,600 of services on account.
Paid $3,200 cash for operating expenses.
Collected $3,800 of cash from accounts receivable.
Paid a $200 cash dividend to stockholders.
The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is:
$1,200.
$1,000.
$1,400.
$13,200
The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is $1,200.
given data:
amount to common stock = $12,000
Service Revenue = $4,600
Operating Expenses = $3,200
Dividend = $200
Net Income = Service Revenue – Operating Expenses
= $4,600 - $3,200
= $1,400
Ending Retained Earnings = Beginning Retained Earnings + Net Income – Dividend
= 0 + $1,400 - $200
= $1,200
An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder ownership. One of the three essential financial statements used to assess a company is the balance sheet. It offers a picture of a company's financial situation as of the publishing date. In financial accounting, a balance sheet is a statement of the financial standing of a person or organisation, whether they be sole proprietorships, commercial partnerships, corporations, private limited companies, or other organisations like the government or not-for-profit entities.
learn more about balance sheet here
https://brainly.com/question/30158228
#SPJ4
Which of the following events resulted in western lands being given away for a nominal fee to independent adults who could improve on them?
The Treaty of Fort Laramie
The Indian Wars
The Homestead Act
The Morrill Act
The Homestead Act is resulted in western lands being given away for a nominal fee to independent adults who could improve on them.
What is The Homestead Act?Any adult citizen, or intended citizen, who had never engaged in armed conflict with the United States government was eligible to claim 160 acres of surveyed public land under the Homestead Act, which was passed in 1862 during the Civil War. Claimants had to occupy their plot and work the land to "improve" it. The Homestead Acts were a number of laws in the United States that allowed a candidate to obtain ownership of public or government land, also known as a "homestead." With the Homestead Act of 1862, Congress gave anyone who committed to farm 160 acres of federal property in exchange for aiding the development of the American West and promoting economic progress. The act gave individual settlers access to millions of acres of western territory.To learn more about The Homestead Act refer to:
https://brainly.com/question/18126500
#SPJ4
which of the following instruments are traded in the capital markets? check all that apply. treasury bills certificates of deposit long-term bank loans common stocks corporate bonds
The instrument traded in capital market are
common stocks
corporate bonds
certificates of deposit long term bank loans.
What is instrument traded in capital market?Instrument traded in capital market is a financial instrument that has monetary value and is traded on the stock market.
What is capital marketCapital markets are financial markets that bring buyers and sellers together to trade stocks, bonds, currencies, and other financial assets.
Learn more about instrument traded in capital market here
https://brainly.com/question/22560668
#SPJ1
The following data set shows the number of hours of sick leave that some of the employees of Bastien's, Inc. have taken during the first quarter of the year (rounded to the nearest hour) 22 28 12 19 27 42 49 10 23 47 11 55 25 36 25 34 16 45 12 20 28 29 21 59 39 48 32 40 31 Develop a frequency distribution for the above data. (Let the width of your classes be 10 units and start your first class as 10 19.) Develop a relative frequency distribution and a percent frequency distribution for the data. Develop a cumulative frequency distribution. How many employees have taken less than 40 hours of sick leave? a. b. c. d. 24 The following table represents the number of hours watching television by high school students. Find the average number of hours and the standard deviation of hours of television watched by the sample of high school students. Hours/Day #students 0-1 10 2-3 25 3-4 7 5-7 5 8-10 1
The following data set shows the number of hours of sick leave that some of the employees of Bastien's, Inc. have taken during the first quarter .
What is meant by cumulative frequency ?
Cumulative frequency is used to determine the number of observations that lie above (or below) a particular value in a data set. The cumulative frequency is calculated using a frequency distribution table, which can be constructed from stem and leaf plots or directly from the data.Cumulative frequency is the sum of the frequency of scores starting from lowest class interval going to the highest class interval.Cumulative means "how much so far". Think of the word "accumulate" which means to gather together. To have cumulative totals, just add up the values as you go.The adjective cumulative describes the total amount of something when it's all added together. Eating a single chocolate doughnut is fine, but the cumulative effect of eating them all day is that you'll probably feel sick.To learn more about cumulative frequency refers to:
https://brainly.com/question/1940577
#SPJ4
fill in the blank. president trump's trade wars increase tariffs between foreign countries and lead to a reduction in___, an increase in___, and a reduction in___of numerous traded goods.
A trade war, initiated by the United States, would do serious damage to the global economy as protectionist moves increase.
Countries that impose tariffs and countries subject to tariffs would experience losses in economic welfare while countries on the margins would experience collateral damage. One of President Trump most prominent policy actions in office was to increase tariffs which significantly damages the US economy. Trade barriers such as tariffs increase the cost of consumer and producer goods and depress the economic benefits of competition which inhibits economic growth. Although China responded with its own tariffs the US tariffs had an impact on the Chinese economy hurting manufacturers and causing a slowdown. In December each nation agreed to stop imposing new taxes. The tariff war ceasefire continued into 2019. A trade war occurs when a nation imposes tariffs or quotas on imports, and foreign countries retaliate with similar forms of trade protectionism. As a trade war escalates, it reduces international trade. A trade war begins when a nation tries to protect its domestic industry and create jobs.
Learn more about global economy here:
https://brainly.com/question/1311866
#SPJ4
T/F if we assume that everyone in our class pays the same tuition then we can state that everyone experiences the same economic cost of the class.
The answer is false, if we assume that everyone in our class pays the same tuition then we can state that everyone experiences the same economic cost of the class is false.
By cost, what do you mean?A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
What does economic cost definition mean?Costs are the worth of a firm's utilized manufacturing inputs in comparison to other applications (labor costs, materials costs, capital costs). Costs could be constant or fluctuating. The sum of fixed and variable expenses is referred to as total costs. Average costs are calculated by dividing total costs by production.
To know more about Cost visit:
https://brainly.com/question/30045916
#SPJ4
a. the equality of marginal revenue and marginal cost is essential for profit maximization in all market structures because when this is true multiple choice 2 firms make a profit. the last unit produced adds more to costs than revenue, and its production must necessarily increase profits or reduce losses. firms experience the law of diminishing marginal returns. the last unit produced adds more to revenue than costs, and its production must necessarily increase profits or reduce losses. b. when an industry is purely competitive, price can be substituted for marginal revenue in the mr
The correct answer for a) is last unit produced adds more to revenue than to costs, and its production must necessarily increase profits or reduce losses. b) It happens when curve is elastic and price is constant.
How should a profit be defined?Profit is what's left over after all expenses are covered. These expenses consist of labour, supplies, debt interest, and taxes. Typically, profit is used to describe a business's operations. However, everyone who earns money makes money.
Why is profit important? What is it?Revenues less expenses are the company's profits. A company's ability to make a profit determines whether it can obtain bank financing, draw in investors to finance its operations, and expand. Without making a profit, businesses cannot stay in operation.
To know more about profits visit-
https://brainly.com/question/15293328
#SPJ4
Teams are typically required when tasks are complex, require multiple perspectives, or require repeated interaction with others to complete.True or False
The given statement ''Teams are typically required when tasks are complex, require multiple perspectives, or require repeated interaction with others to complete.'' is true.
Do teams usually require different types of skills to be effective?Technical proficiency, problem-solving abilities, and interpersonal skills are necessary for a effective team. The person would be better able to communicate if they have interpersonal skills. The firm can use the new procedures more effectively thanks to the technological skills.Effective teams put forth the time and effort necessary to discuss and settle on a goal that is both personal and collectively theirs. The motivations or objectives of the individuals in their group are always a topic of discussion in effective teams.Teams that work well provide members with additional support and growth opportunities. Goal-oriented mentality: To boost productivity and efficiency, the most successful teams jointly create, carry out, and monitor goals.
Learn more about Effective teams refer to :
https://brainly.com/question/14757838
#SPJ4
Using time value of money tables (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D), calculate the following.
a. The future value of $550 six years from now at 7 percent. (Round your FV factor to 3 decimal places and final answer to 2 decimal places.)
b. The future value of $700 saved each year for 10 years at 8 percent.
c. The amount a person would have to deposit today (present value) at an interest rate of 5 percent to have $1,000 five years from now.
d. The amount a person would have to deposit today to be able to take out $500 a year for 10 years from an account earning 8 percent.
We can use the following formula to compute the future value of an asset with current value V0V0, period.
Define future value?
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value is important to investors and financial planners, as they use it to estimate how much an investment made today will be worth in the future.Future value is what a sum of money invested today will become over time, at a rate of interest. For example, if you invest $1,000 in a savings account today at a 2% annual interest rate, it will be worth $1,020 at the end of one year. Therefore, its future value is $1,020.Present value is the sum of money that must be invested in order to achieve a specific future goal. Future value is the dollar amount that will accrue over time when that sum is invested. The present value is the amount you must invest in order to realize the future value.To learn more about future value refers to:
https://brainly.com/question/30390035
#SPJ4
how to find how much overhead will be assigned to each unit produced given the following budgeted amounts?
The amount of overhead assigned to each unit produced is calculated by dividing the total budgeted overhead costs by the total number of units produced.
The amount of overhead assigned to each unit produced will depend on the type of overhead costs being budgeted, as well as the number of units produced. To calculate the overhead assigned to each unit produced, divide the total budgeted overhead costs by the total number of units produced.
For example, if the total budgeted overhead costs are $10,000 and the number of units produced is 1,000, then the overhead assigned to each unit produced would be $10 ($10,000/1,000).
Learn more about budgeted amounts: https://brainly.com/question/4693335
#SPJ4
december 13 accepted a $9,500, 45-day, 8% note in granting miranda lee a time extension on her past-due account receivable. december 31 prepared an adjusting entry to record the accrued interest on the lee note. exercise 9-19 (static) notes receivable transactions lo p4 january 27 received lee's payment for principal and interest on the note dated december 13. march 3 accepted a $5,000, 10%, 90-day note in granting a time extension on the past-due account receivable of tomas company. march 17 accepted a $2,000, 30-day, 9% note in granting h.cheng a time extension on his past-due account receivable. april 16 h. cheng dishonored his note. may 1 wrote off the h. cheng account against the allowance for doubtful accounts. june 1 received the tomas payment for principal and interest on the note dated march 3.
The events described in this question are a series of transactions related to the granting of time extensions on past-due accounts receivable in exchange for notes.
What are the series of transactions?On December 13, Miranda Lee was granted a 45-day extension on her past-due account receivable in exchange for a $9,500, 8% note. On December 31, an adjusting entry was made to record the accrued interest on Lee's note. On January 27, Lee made a payment for both principal and interest on the note.
On March 3, a time extension was granted to Tomas Company in exchange for a $5,000, 10%, 90-day note. On March 17, H. Cheng was granted a 30-day extension on his past-due account receivable in exchange for a $2,000, 9% note. On April 16, Cheng's note was dishonored, and on May 1, Cheng's account was written off against the allowance for doubtful accounts. On June 1, Tomas made a payment for both principal and interest on the note.
learn more about transactions: https://brainly.com/question/1016861
#SPJ1
Of brick-and-mortar retailers, online retailers, and warehouse clubs, which is most likely to allow you to make a purchase at 3:00 A.M.?
A. none of them
B. brick-and-mortar retailers
C. warehouse clubs
D. online retailers
Answer: D. Online Retailers
Explanation:
D. Online retailers are the most likely to allow you to make a purchase at 3:00 A.M. because they are open 24/7 and you can access their websites and purchase products anytime, as long as you have an internet connection. Online retailers also offer a convenient and seamless shopping experience with features like mobile apps, one-click ordering, and easy payment options.
Brick-and-mortar retailers and warehouse clubs, on the other hand, are typically closed at 3:00 A.M. and do not allow for in-person shopping at that time. Although some brick-and-mortar retailers have begun to offer online shopping options and curbside pickup services, these are typically not available 24/7.
In conclusion, online retailers are the most likely to allow you to make a purchase at 3:00 A.M. as long as you have an internet connection.
Answer:
its D trust
Explanation:
Departmental overhead rates typically do a better job of matching each department's overhead costs to the products that use the department's resources than do plantwide overhead rates. t/f
Departmental overhead rates typically do a better job of matching each department's overhead costs to the products that use the department's resources than do plantwide overhead rates. The statement is true.
Costs associated with running a firm that are not directly tied to the creation of products or services. An recurring cost of running a firm is referred to in business as overhead or overhead charge. Contrary to operating expenses like labour and raw materials, overheads are costs that cannot easily be linked to or recognised with any one revenue unit. Project Director and senior level workers, office space, electricity, benefits, insurance, taxes, and other expenses can all be considered overhead costs. These expenses are typically thought of as fixed expenditures and are applicable to all company-wide initiatives. The recurring costs of a firm that aren't specifically related to providing a good or service are referred to as overhead.
learn more about overhead costs here
https://brainly.com/question/14811739
#SPJ4
Upon careful analysis of the market, they will find that global trade
(1 point)
A. opportunities are diminishing.
B. is dominated by emerging, developing countries.
C. is likely to be severely restricted in the future by nontariff trade barriers.
D. is big business today and is expected to be more important in the future.
The correct option is d i.e., global trade is a big business today and is expected to be more important in the future.
How does the economy benefit from global trade?Trade is a driver of growth that boosts economic opportunity, decreases poverty, and creates jobs. The World Bank Group assists its client nations in increasing their participation in the global economy and their access to developed country markets.
What impact does commerce have on people's quality of life?To eradicate poverty worldwide, trade is essential. Open economies tend to develop more quickly, innovate, increase productivity, and give their citizens more chances and higher incomes. By providing consumers with more cheap goods and services, open trade also benefits households with lower incomes.
To know more about global trade visit-
https://brainly.com/question/784919
#SPJ4
a disadvantage of the ________ method of accounting is that attention is not given to the actual cash flow position of the firm.
The disadvantage of the accrual method of accounting is that it does not give attention to the actual cash flow position of the firm.
Accrual accounting focuses on recognizing revenue and expenses when they are incurred, regardless of when the cash is received or paid. This can lead to discrepancies between the financial statements and the actual cash flow of the company.
For example, a company may have a high level of accounts receivable on its balance sheet, indicating that it has earned revenue, but it may not have received the cash yet. This can cause problems for the firm in terms of managing its cash flow, as it may appear to be in a better financial position than it actually is.
It is important for companies to consider both accrual and cash-based accounting methods to get a complete understanding of their financial performance and position.
To summarize, while the accrual method is useful in providing a picture of the company's financial performance over a specific period, it should not be relied upon as the sole source of information for managing cash flow and financial stability.
For more questions like Accrual accounting click the link below:
https://brainly.com/question/13464862
#SPJ4