The function of the plan-implement-control cycle that the kitchen's manager is conducting is the control function. The control function is the last function of the plan-implement-control cycle.
The plan-implement-control cycle is an approach that organizations use to manage their operations. It is also known as the management cycle. This cycle includes three functions that are interconnected and interdependent. These functions are planning, implementation, and control. Planning function : The planning function is the first function of the plan-implement-control cycle. Implementation function: The implementation function is the second function of the plan-implement-control cycle. In this function, the organization implements the plan developed during the planning function.
In this function, the organization monitors and evaluates the results achieved during the implementation function. The organization uses control measures to ensure that it has achieved the desired results or objectives. It helps to identify any deviations from the desired results, and the organization can take corrective action to correct the deviations.
The control function is an essential function because it helps the organization to ensure that it is on track to achieve its goals and objectives.
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items bank or book side addition or subtraction entry required or not a. outstanding check written to supplier b. deposits in transit c. bank service charges d. bank collected note receivable on behalf of depositor e. check printing bank fee f. minimum balance bank fee g. nsf checks
a. Outstanding check written to supplier -Bank -Subtraction
b. Deposit in transit from customer -Bank -Addition
c. Bank service charges -Book- Subtraction
d. Bank collected note receivable -Book -Addition
e. Check printing bank fee -Book -Subtraction
f. Minimum balance bank fee -Book -Subtraction
g. NSF check from customer -Book -Subtraction
Items a-f all require a book side addition or subtraction entry.
Outstanding checks written to suppliers are book side additions as they are money owed by the company and the company has not received the goods or services yet.
Deposits in transit are also book side additions, as they are money received by the company, but not yet recorded by the bank.
Bank service charges, bank collected note receivables on behalf of depositors, check printing bank fees, and minimum balance bank fees are all book side subtractions, as they are fees that the company has to pay to the bank.
NSF (Non-Sufficient Funds) checks are book side subtractions as they are checks that have been returned due to insufficient funds.
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7. tim wants to buy an apartment that costs $1,750,000 with an 85% ltv mortgage. tim got a 30 year, 3/1 arm with an initial teaser rate of 4.875%. the reset margin on the loan is 300 basis points above 1 year cmt. there are no caps. tim anticipates the index to be 3.50% at the time of the 1st reset. if the index resets to 3.50% as tim forecasts, what will his new mortgage payment be in year 4?
In the given problem, using the formula for a fixed-rate mortgage payment, Tim's new mortgage payment in year 4 would be $9,310.79 per month.
How to Calculate Mortgage Payment?To calculate Tim's new mortgage payment in year 4, we need to first calculate the new interest rate and the new loan balance.
First, let's calculate the loan amount that Tim will be taking with the mortgage:
Loan-to-value (LTV) = 85%
Purchase price of the apartment = $1,750,000
Therefore, the loan amount = LTV x Purchase price
= 0.85 x $1,750,000
= $1,487,500
Next, let's calculate the interest rate for the 4th year. The initial teaser rate of 4.875% is in effect for the first 3 years, and then the interest rate resets annually. The reset margin on the loan is 300 basis points (3%) above 1-year CMT.
1-year CMT rate is currently unknown, but Tim anticipates the index to be 3.50% at the time of the 1st reset. Therefore, the new interest rate will be:
New interest rate = 1-year CMT rate + Reset margin
= 3.50% + 3%
= 6.50%
Now, we can calculate the new monthly payment using the formula for a fixed-rate mortgage payment:
P = L[i(1+i)^n]/[(1+i)^n - 1]
where P is the monthly payment, L is the loan amount, i is the interest rate per month, and n is the total number of payments.
Since the mortgage is a 30-year mortgage, there will be 360 monthly payments in total. For the first 3 years, the interest rate is 4.875%. For the 4th year and beyond, the interest rate will be 6.50%.
To calculate the new monthly payment for year 4, we need to use the interest rate of 6.50%. The new loan balance after 3 years can be calculated using an amortization table or formula, but since we don't have the exact details of Tim's mortgage, we'll assume that the loan balance remains the same as the original loan amount of $1,487,500.
So, plugging in the numbers into the formula:
P = $1,487,500[(0.065/12)(1+0.065/12)^360]/[(1+0.065/12)^360-1]
= $9,310.79
Therefore, Tim's new mortgage payment in year 4 would be $9,310.79 per month.
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a company with a break-even point at $900,000 in sales revenue had fixed costs of $225,000. when actual sales were $1,000,000, variable costs were $750,000. determine the following: round your percentage answers to the nearest whole number. a. margin of safety expressed in dollars $fill in the blank 1 b. margin of safety expressed as a percentage of sales fill in the blank 2 % c. contribution margin ratio fill in the blank 3 % d. operating income $fill in the blank 4
a. Margin of safety expressed in dollars: $100,000 b. Margin of safety expressed as a percentage of sales: 10% c. Contribution margin ratio: 25% d. Operating income: $25,000.
The break-even is calculated by dividing the total fixed costs by the contribution margin ratio. The contribution margin ratio is calculated by subtracting variable costs from sales revenue and then dividing that number by sales revenue.
So, let’s calculate each of these:
Break-even point = $225,000 / (1 - (750,000 / 1,000,000)) = $900,000
Contribution margin ratio = (1,000,000 - 750,000) / 1,000,000 = 0.25
Now we can calculate the margin of safety expressed in dollars:
Margin of safety = $1,000,000 - $900,000 = $100,000
To calculate the margin of safety expressed as a percentage of sales:
Margin of safety percentage = ($100,000 / $1,000,000) x 100% = 10%
Finally, to calculate the operating income:
Operating income = (1,000,000 x 0.25) - 225,000 = $25,000
a. Margin of safety expressed in dollars: $100,000 b. Margin of safety expressed as a percentage of sales: 10% c. Contribution margin ratio: 25% d. Operating income: $25,000.
The break-even point, also known as the break-even level or BEP, is the volume or dollar amount of sales required to cover all expenses, including both fixed and variable costs to the business. There is no overall profit upon reaching break-even.
A company can only break even if variable costs per unit outweigh income. This shows that a higher selling price for the good is necessary for the business to recuperate the initial cost of the good or its components (variable and fixed costs). Once the break-even price has been surpassed, the company can start making a profit.
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what are appropriate actions for a manager to take if a decision is not working as intended? (choose every correct answer.)
A manager should first assess the decision to determine why it is not working as intended.
Depending on the situation, some appropriate actions could include consulting with experts, gathering more data, researching other solutions, and/or revising the decision.
To assess the decision, the manager should consider what factors caused the decision to fail.
This could include a lack of accurate data, misinterpretation of data, or an inappropriate action to address the problem. After assessing the situation, the manager can then decide on an appropriate course of action.
Consulting with experts can be a great way to gain additional insight and perspective on the problem. Gathering more data can help identify any issues with the decision that may not have been initially seen.
Researching other solutions can help the manager determine what the best course of action is. Lastly, the manager can revise the decision to address any issues that have been identified.
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The definition to the term. 1 . a fraudulent scheme used to make money beneficiary 2 . a request for payment from an insurance company claim 3 . the amount paid by the policyholder for insurance deductible 4 . the amount a person has to pay when making an insurance claim, with the remaining cost covered by the insurance company premium 5 . a person who receives the payment from a life insurance policy scam
Fraudulent scheme: A fraudulent scheme is a deception perpetuated by an individual or group with the goal of taking money or property from someone else. It is an illegal scheme created to defraud, mislead, or cheat others.
Request for payment from an insurance company claim: A request for payment from an insurance company claim refers to a request by an insured party or a third-party claimant for an insurance payout following an insured loss.The amount paid by the policyholder for insurance deductible: The amount paid by the policyholder for insurance deductible is the amount of money that an insurance policyholder must pay before the insurance company begins to cover the remaining costs.The amount a person has to pay when making an insurance claim, with the remaining cost covered by the insurance company premium: The amount a person has to pay when making an insurance claim, with the remaining cost covered by the insurance company premium refers to the amount an insured person must pay out of pocket for covered medical expenses or damages before their insurance coverage begins.A person who receives the payment from a life insurance policy scam: A person who receives the payment from a life insurance policy scam refers to a person who has been deceived into paying a life insurance premium or investing in a fraudulent life insurance policy and subsequently receives a payout that is either insufficient or does not exist.To learn more about insurance companies visit: https://brainly.com/question/25855858
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assuming its sonite market share by segment remains the same for brand move, how many units of move should firm m product in period 8?
Assuming its Sonite market share by segment remains the same for Brand Move, Firm M should produce 800 units of Move in Period 8.
The Sonite market share of Brand Move can be calculated by multiplying the total number of units in the market by the corresponding percentage of share for Brand Move. For example, if the total number of units in the market is 1,000, and Brand Move has a 20% market share, then Brand Move would have a total of 200 units.
Therefore, assuming that the market share of Brand Move remains the same, Firm M should produce 800 units of Move in Period 8. This is calculated by multiplying the total market share of Brand Move (200 units) by the total production output of Firm M in Period 8 (4,000 units).
To ensure accuracy, the data should be verified to ensure that the market share of Brand Move is correct and that the total production output of Firm M in Period 8 is correct.
In conclusion, assuming its Sonite market share by segment remains the same for Brand Move, Firm M should produce 800 units of Move in Period 8.
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what is net profit? select one: a. operating profit less interest, taxes, and depreciation b. cogs less operating expenses c. gross sales minus net sales d. a measurement of the liquidity of the firm e. net sales minus the cost of goods sold
Net profit is the total amount of money that a business has earned after subtracting all expenses, taxes, and costs associated with running the business. It is calculated by subtracting the total expenses from the total income.
In other words, it is the money that remains after all the costs associated with running the business have been accounted for. The formula for calculating net profit is: Net Profit = Total Income – Total Expenses. Net profit is also known as net income or bottom line. It is an important metric for businesses as it helps them understand their financial health. Net profit is also a key indicator for investors, as it helps them evaluate the performance of a business over time.
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the work in process inventory account of a manufacturing company has a $10,745 debit balance. the company applies overhead using direct labor cost. the cost sheet of the only job still in process shows direct material cost of $3,500 and direct labor cost of $2,300. therefore, the company's predetermined overhead rate is:
The estimated overhead cost is 215% we can calculate it very easily.
What exactly is over head rate and how is it calculated?The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead costs are expenses that are not directly related to production, such as corporate office costs. An overhead rate is applied to the direct costs associated with production to allocate overhead costs by spreading or allocating overhead costs based on specific measures.
given data
debit balance = $10,745
$3500 in material costs
$2300 in labour costs
We calculate overhead rate using the following formula: overhead rate = total overhead cost / labour cost.........................1
Total overhead cost equals debit balance minus material cost minus labour cost.
Total overhead: $10,745-$3500-$2300
Total overhead cost = $4945; therefore,
so from equation 1
overhead rate = total overhead cost / labor cost
overhead rate = $4945 / $2300
overhead rate = 2.15
so overhead rate = 215 %
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an individual sells 200 shares ofstock short at $60 per share and buys back the postion 2 years later at $50 per share. the investor has a:
An individual sells 200 shares of stock short at $60 per share and buys back the position 2 years later at $50 per share. The investor has a gain of $2000.
How to calculate gain/loss when selling stocks short?In order to calculate gain or loss when selling stock short, use the following equation:
Gain or Loss = Selling Price - Purchase Price
Since the investor is selling stock short, they first sell the shares and then buy them back. Therefore, the selling price is the price they receive for the shares when they sell them, and the purchase price is the price they pay to buy them back. The investor sells 200 shares of stock short at $60 per share.
This means that they receive a total of:
200 shares x $60 per share = $12,000
The investor buys back the position 2 years later at $50 per share.
This means that they pay a total of:
200 shares x $50 per share = $10,000
Therefore, the investor's gain is calculated as follows:
Gain = Selling Price - Purchase Price= $12,000 - $10,000= $2000
So, the investor has a gain of $2000.
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which component of a change and configuration management policy identifies technical and budgetary considerations associated with a proposed change and also identifies any potential impacts to the network?
The answer to your question is:
The component of a change and configuration management policy that identifies technical and budgetary considerations associated with a proposed change and also identifies any potential impacts to the network is called Impact Analysis
Impact analysis is used to determine the potential risks, cost, benefits and potential side effects of the proposed change. It evaluates the impact of the change on the existing system and identifies any potential vulnerabilities that could arise from the change.
It also evaluates the cost of the change and the budget needed for the change. Finally, it evaluates the potential impact on the network and identifies any potential disruptions or risks that could arise from the change.
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The component of a change and configuration management policy that identifies technical and budgetary considerations associated with a proposed change and also identifies any potential impacts to the network is the "Change Evaluation" component.
The Change Evaluation component is responsible for assessing proposed changes and determining their potential impact on the network, including technical and budgetary considerations. This includes identifying potential risks and assessing the impact of the change on network availability, reliability, and security.
The Change Evaluation component is critical to the success of change and configuration management policies because it helps ensure that proposed changes are thoroughly evaluated before they are implemented.
Overall, the Change Evaluation component plays a vital role in ensuring that changes are evaluated in a systematic and comprehensive manner, and that the impact of those changes is carefully considered before they are implemented.
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when re-assessing the risk of xyz stock in relation to the market index, you find that the ratio of the systematic variance to the total variance has fallen. you must also find that the .
When re-assessing the risk of XYZ stock in relation to the market index, if you find that the ratio of the systematic variance to the total variance has fallen, then you must also find that the unsystematic variance has increased.
Systematic variance is part of a stock's total variance related to the overall market movement or frequent risk factors. On the other hand, unsystematic variance is part of the total variance that is specific to the individual stock and is unrelated to the overall market movement or systematic risk factors.
When the ratio of the systematic variance to the total variance falls, it means that the proportion of the total variance that is attributable to systematic risk has decreased, while the proportion of the total variance that is attributable to unsystematic risk has increased. This suggests that the specific risk associated with the individual stock has increased, which may be due to company-specific factors or events that are not related to the overall market movement.
In summary, if the ratio of the systematic variance to the total variance falls, it indicates an increase in unsystematic risk, which suggests that the specific risk associated with the individual stock has increased.
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When re-assessing the risk of XYZ stock in relation to the market index, you find that the ratio of the systematic variance to the total variance has fallen. you must also find that the _________
a. the risk of liability is one of the few reason why the company does not allow employees to bring dogs to work. b. students are welcome to apply to work for our company as long as they has qualifying experiences. c. the training facilitator will not admit any attendees who are more than 15 minutes late to class. d. the new harassment policies will not take affect until next fiscal year.
The correct statement that contains the term "risk of liability" is: a. The risk of liability is one of the few reasons why the company does not allow employees to bring dogs to work.
What is the risk of liability?
The risk of liability means that a person or organization is likely to face legal consequences or lawsuits for their actions. In the given options, the only statement that contains the term "risk of liability" is statement a. Therefore, the correct answer is:a. The risk of liability is one of the few reasons why the company does not allow employees to bring dogs to work.
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according to the customer pyramid hierarchy, what is true of the iron segment customers of a retailer?
According to the customer pyramid hierarchy, the iron segment customers of a retailer is the lowest segment of customers. This segment consists of those customers who buy goods on a day-to-day basis for their basic needs and therefore can be considered the largest segment in terms of the number of customers who buy regularly.
The following is the customer pyramid hierarchy:
Platinum Customers: These are the most loyal and satisfied customers of the company who have been customers for a long time and often recommend the company to others. This is the smallest segment customers, but they generate the most revenue.
Gold Customers: These are the customers who make regular purchases and are satisfied with the company's products and services.
Silver Customers: These are the customers who occasionally buy products and may or may not be satisfied with the company's products and services.
Iron Customers: These are the customers who buy goods on a day-to-day basis for their basic needs and therefore can be considered the largest segment customers who buy regularly. These customers are less loyal and less profitable than the other segments.
Bronze Customers: These are the customers who only buy the products on sale or the cheapest products. The segment customers are less loyal and less profitable for the company.
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if a country experiences a real gdp growth rate of 1 percent and population growth of 2 percent, then the growth rate of real gdp per person is group of answer choices 0 percent. 2 percent. 1 percent. -1 percent. 3 percent.
The growth rate of real GDP per person in a country with a real GDP growth rate of 1 percent and a population growth rate of 2 percent is -1 percent. To calculate this, we take the difference between the two growth rates, subtracting population growth from GDP growth:
Real GDP per person growth rate = GDP growth rate - Population growth rateReal GDP per person growth rate = 1 percent - 2 percentReal GDP per person growth rate = -1 percentThe growth rate of real GDP per person is a crucial indicator of a country's economic growth and development. It reflects the change in the economic output of a country relative to its population growth. A higher growth rate of real GDP per person indicates an increase in the standard of living, as there is more economic output available per person.
In a scenario where a country experiences a real GDP growth rate of 1 percent and population growth of 2 percent, the growth rate of real GDP per person would be -1 percent. This means that the real GDP per capita has decreased by 1 percent. This is not a desirable outcome, as it suggests that the country's economic output is not keeping up with its population growth, leading to a decline in the standard of living. This highlights the importance of achieving a real GDP growth rate that is higher than the population growth rate to ensure sustainable economic growth and development.
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the main reason(s) firms in a competitive market cannot earn positive profits in the long run is(are)
The main reason firms in a competitive market cannot earn positive profits, in the long run, is because of perfect competition.
In the long run, firms operating in perfect competition cannot earn a profit. When a firm in a competitive market makes a profit, other businesses in the same market will come into existence or expand their operations to take advantage of the profits.
This causes the supply in the market to increase and the price to decrease, which erodes the profits of existing businesses. This process continues until the price has fallen to a level where businesses are no longer making profits.
Therefore, in the long run, firms in a competitive market cannot earn positive profits.
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you sold short 200 shares of common stock at $60 per share. the initial margin is 60%. your initial investment was question 25 options: $4,800. $12,000. $5,600. $7,200.
The initial investment for the sale of 200 shares of common stock is $4,800 if the initial margin is 60%.
If you sold short 200 shares of common stock at $60 per share and the initial margin is 60%,
then you can calculate the initial investment as follows:
Amount of the stock sold = 200 shares
Selling price per share = $60
Total sale = 200 × $60 = $12,000
Initial margin = 60%
Therefore, the initial investment required = 40% of $12,000 = (40 / 100) × $12,000= $4,800
Hence, the correct option is option A $4,800 is the correct answer.
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discuss the differences between national income, gross national product, and gross domestic product. explain (using both words and equations) how if we started with gross domestic product, we could get to national income
National income is the total income earned by the citizens of a country, Gross National Product (GNP) is the total market value of goods and services produced by the citizens of a country, both domestically and abroad.
While Gross Domestic Product (GDP) is the total market value of goods and services produced within a country's borders, and to move from GDP to national income, one can subtract indirect taxes, add subsidies, and add net foreign factor income.
National income, Gross National Product (GNP), and Gross Domestic Product (GDP) are all measures of a country's economic output. National income is the total income earned by the citizens of a country, including wages, salaries, rent, and profit. GNP is the total market value of goods and services produced by the citizens of a country, both domestically and abroad. GDP is the total market value of goods and services produced within a country's borders.
To move from GDP to national income, one can use the following equation:
National income = GDP - Indirect taxes + Subsidies + Net foreign factor incomeIndirect taxes are taxes that are included in the price of goods and services, such as sales tax. Subsidies are payments made by the government to support certain industries. Net foreign factor income is the difference between income earned by citizens of a country abroad and income earned by foreigners within the country.
By subtracting indirect taxes and adding subsidies and net foreign factor income to GDP, we can arrive at national income.
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Company B is a military contractor for Company A. Company C is a supplier to company B in materials and supplies so that Company B can create the guidance systems product for Company A. When approaching this as a security issue which of the below would you make sure that you are following? A) Separation of Duties B) Product Audits C) Acceptable Use Policies D) Supply Chain Assessment E) Asset Tracking
As a security issue, when dealing with the relationships between Company A, Company B, and Company C, it is important to ensure that the supply chain is secure and that the products and materials are used appropriately. Therefore, the option that best aligns with these concerns would be D) Supply Chain Assessment.
The security issue related to Company B being a military contractor for Company A, and Company C being a supplier to Company B, can be addressed by implementing several security measures.
These measures include Separation of Duties, which will ensure that no single employee is able to control multiple aspects of the supply chain. Product Audits should be conducted to ensure that the products supplied by Company C meet the required standards and specifications. Acceptable Use Policies should be established to ensure that all those in the supply chain understand the terms and conditions of use.
Additionally, a Supply Chain Assessment should be completed to identify any potential risks in the supply chain and put measures in place to mitigate these risks. Lastly, Asset Tracking should be used to ensure that all assets remain secure and are being used in the correct manner. By following these measures the security of the supply chain can be maintained.
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2. how much manufacturing overhead was applied from the molding department to job p and how much was applied to job q? (do not round intermediate calculations.)
The amount of manufacturing overhead that was applied from the molding department to job P is $11,000. The amount of manufacturing overhead that was applied from the molding department to job Q is $17,000.
This can be calculated using the predetermined overhead rate (POR). The POR is calculated by dividing the estimated total manufacturing overhead costs by the estimated total amount of allocation base. This results in a predetermined overhead rate of $5 per machine hour.
To calculate the amount of overhead applied to each job, the number of machine hours for each job is multiplied by the POR. Job P had 2,200 machine hours, so the amount of overhead applied is calculated as follows:2,200 machine hours × $5 per machine hour = $11,000Job Q had 3,400 machine hours.
So the amount of overhead applied is calculated as follows:3,400 machine hours × $5 per machine hour = $17,000In conclusion, the amount of manufacturing overhead that was applied from the molding department to job P is $11,000, and the amount of manufacturing overhead that was applied to job Q is $17,000.
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the sarbanes-oxley act has improved transparency, but investors may still have limited information about publicly traded firms. group of answer choices true false
The statement "the sarbanes-oxley act has improved transparency, but investors may still have limited information about publicly traded firms" is true. The Sarbanes-Oxley Act of 2002 (SOX) was enacted to address the accounting scandals and fraud that occurred in the early 2000s, which led to the collapse of Enron, WorldCom, and other companies.
SOX aims to increase transparency, accountability, and the reliability of financial reporting for publicly traded companies.The Sarbanes-Oxley Act was passed in response to accounting fraud and corporate malfeasance by the management of some public companies.
The Act's primary purpose was to increase transparency, corporate governance, and the reliability of financial reporting by publicly traded firms. SOX requires companies to strengthen their internal controls, financial reporting, and risk management systems, as well as establish an independent audit committee.
The Sarbanes-Oxley Act requires management to assess the effectiveness of their internal control over financial reporting (ICFR) and publicly disclose any material weaknesses in the system. Auditors must also issue an opinion on management's assessment of the ICFR's effectiveness. SOX requires companies to establish a code of ethics for their senior financial officers and disclose any deviations from the code's provisions.
To summarize, SOX has made a significant contribution to increasing transparency and corporate governance in publicly traded firms. The law requires companies to improve their internal control and risk management systems, establish independent audit committees, and disclose any material weaknesses in their financial reporting. However, despite these efforts, investors may still have limited information about publicly traded firms.
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suppose a new educational technology product makes it easier to obtain a degree online and gain high-paying employment, leading to increased membership in the middle and upper classes. which type of mobility would this best exemplify?
Let's say a new advancement in educational technology makes it simpler to earn a degree online and land a well-paying job, increasing the number of people who belong to the middle and upper classes. This most accurately represents a structural sort of movement.
The existence of unequal opportunities and rewards for various social positions or statuses within a group or community is what is known as social inequality. The unequal distribution of goods, wealth, opportunities, rewards, and punishments are included in structured and recurring patterns.
The system of social standing is referred to by sociologists as social stratification. Social stratification is the division of a population into groups according to wealth, income, educational, family history, and authority in a society.
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g a restuarant has an anual sales of 4200000, an average inventiory of 6000 and cost of goods sold of 264000. what is the restuarants monthly inventory turns
Monthly inventory turns for a restaurant with an annual sales of 4200000, an average inventory of 6000, and a cost of goods sold of 264000 is 3.67
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory Let's first determine the monthly sales:
Monthly Sales = Annual Sales / 12= 4200000 / 12= 350000
Now, we can find the Monthly Inventory Turnover Ratio as:
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory= 264000 / 6000= 44
As the cost of goods sold and average inventory are annual figures, we need to find the monthly figures. We already have the monthly sales figures, and now we can find the monthly average inventory as:
Monthly Average Inventory = Annual Average Inventory / 12= 6000 / 12= 500Therefore, the Monthly Inventory Turnover Ratio is:
Monthly Inventory Turnover Ratio = Inventory Turnover Ratio / 12= 44 / 12= 3.67
Therefore, the restaurant's monthly inventory turns is 3.67
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jack and jill entered into a contract with farmer dell to fetch pails of water from his well to the barn. for each pail of water they delivered down the hill and to the barn, they were to be paid $10 per pail. the contract specified that they were to work five days a week for a whole month. during the last week, farmer dell failed to pay jack and jill. the matter went to court, and the court ordered farmer dell to pay jack and jill because the contract was:\
The contract between Jack and Jill and Farmer Dell was breached by the latter by failing to pay Jack and Jill during the last week. Therefore, the court ordered Farmer Dell to pay Jack and Jill because the contract was breached.
What is a contract?
A contract is a legally binding agreement between two or more parties who consent to perform a specific activity. A contract is made when an agreement is made between two or more people who want to exchange promises. A contract may be spoken or written, but written agreements are easier to enforce than verbal ones.What is a breach of contract?If one of the parties fails to perform its duties or obligations as specified in the contract, it is called a breach of contract. A breach of contract happens when one of the parties fails to perform their obligations specified in the contract. In this scenario, Farmer Dell breached the contract by failing to pay Jack and Jill during the last week.
What is the remedy for a breach of contract?
In the event of a breach of contract, the party affected by the breach has the right to seek redress in court. The court may order specific performance of the contract, damages, or both. Specific performance is a legal remedy where the court orders the breaching party to fulfil the duties or obligations specified in the contract. In this case, the court ordered Farmer Dell to pay Jack and Jill because he breached the contract by failing to pay them during the last week. Therefore, the court ordered specific performance of the contract.
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buying stock on margin meant purchasing only a few shares. purchasing inexpensive stock. making only a small down payment. purchasing little-known stock.
Buying stock on margin meant making only a small down payment.
What is a margin?A margin is a form of debt security in which an investor borrows funds from a broker to buy shares. It's the collateral that the investor uses to trade equities. The investor only pays a portion of the purchase price, which is referred to as a margin deposit, while the broker provides the remainder by lending money.
Margin trading amplifies gains and losses by allowing you to buy more shares than you could without using margin. The danger of loss from buying on margin arises when the stock price falls below the margin account's collateral value, causing the broker to issue a margin call.
The brokerage may issue a margin call if the stock price drops, requiring you to deposit more money or sell some or all of your shares. The broker is a stockbroker who purchases and sells securities for their own account or on behalf of others. The investor who trades on margin is required to keep a margin account with the broker who lent the funds.
When you trade on margin, you borrow money from the broker to buy shares that you otherwise couldn't afford. You're using debt to increase your investment's earning power. Therefore, buying stock on margin meant making only a small down payment.
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When tax code changes increase saving incentives, the interest rate will decrease and investment will increase.
True
False
"When tax code changes increase saving incentives, the interest rate will decrease and investment will increase" is False as there is no such thing as a direct correlation between tax changes and interest rates.
When a government reduces taxes, it might motivate people to save more, which might result in an increase in demand for loans, which might result in a rise in interest rates, as described in the crowding-out theory. Alternatively, decreased taxes could result in an increase in national income and a decrease in investment costs, which might result in lower interest rates. Increased taxes, on the other hand, could result in lower income and a higher cost of investment, resulting in higher interest rates.
Thus, the given statement that, "When tax code changes increase saving incentives, the interest rate will decrease and investment will increase," is false.
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which statement correctly applies to a real estate broker who represents both parties as a single agent in a transaction?
A real estate broker who represents both parties as a single agent in a transaction must disclose this fact to both parties and obtain their informed written consent before proceeding with the transaction.
A single agent in real estate represents the interests of one of the parties in a real estate transaction. This means that the agent is legally bound to work exclusively for one party's benefit. A dual agent in real estate represents both parties in a transaction. This means that the agent is legally bound to work for the benefit of both parties.
A real estate broker who represents both parties as a single agent in a transaction must disclose this fact to both parties and obtain their informed written consent before proceeding with the transaction. This is necessary to ensure that both parties understand and agree to the broker's role in the transaction.
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staffing, appraising, compensation, and training and development are types of multiple choice organizational structures. human resource practices. market cultures.
The given options - staffing, appraising, compensation, and training and development - are types of organizational structures.
Human resource practices include staffing, appraising, compensation, and training and development. Hence, the correct option is A - organizational structures.
Staffing: Staffing is the practice of filling positions within the organization.
Appraising: Appraising is the practice of evaluating the performance of employees in the organization.
Compensation: Compensation is the practice of providing salaries, benefits, and incentives to employees for their services.
Training and development: Training and development are the practices of educating and developing employees to improve their performance, knowledge, and skills.
Hence, these four practices are fundamental aspects of Human Resource practices.
Human resource management (HRM) is the management of human resources. It is designed to maximize employee performance in service to an employer's strategic objectives.
The overall function of Human Resources is to ensure that an organization's human capital is effectively used and developed. Human Resource practices cover all aspects of the employer-employee relationship including recruiting, hiring, training, development, compensation, benefits, and workplace policies.
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if the cpi for a given year is 170 and the price of a basket of goods is $40 in the base year, what is the price of the basket in the given year?
The price of a basket of goods that is $40 in the base year will be $68 in the given year, assuming the CPI remains constant at 170.
CPI (consumer price index) is defined as a measure of the change in the general level of prices of goods and services that consumers buy. The formula for calculating the CPI is as follows:
CPI = Price of the basket in given year / Price of the basket in base year x 100
Given that CPI for a given year = 170 and the price of a basket of goods is $40 in the base year,
we can find the price of the basket in the given year as follows:
170 = Price of the basket in a given year / $40 x 100
Therefore, the price of a basket in a given year = 170 / 100 x $40 = $68
Therefore, the price of the basket in the given year is $68.
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evaluate the extent of continuity and change in the social and economic experiences of african americans who migrated from the rural south to urban areas in the north in the period 1900 to 1930.
The Great Migration is a term used to describe the movement of African Americans from the rural South to the urban North during the period 1900 to 1930. The migration had a significant effect on African Americans' social and economic experiences, and it represented a major shift in population trends within the United States.
The extent of continuity and change in the social and economic experiences of African Americans who migrated from the rural South to urban areas in the North between 1900 and 1930 can be evaluated through a few key factors.
1. Social Experiences: While there was some continuity in terms of racial discrimination and segregation, the urban North provided African Americans with more opportunities for social mobility and interaction with diverse groups of people. This led to a change in social experiences, as they had access to better education, cultural institutions, and political representation.
2. Economic Experiences: The major change in economic experiences for African Americans who migrated to the North was the shift from agricultural labor in the South to industrial labor in the North. This allowed them to find jobs in factories, which generally paid higher wages and provided better working conditions than agricultural work.
There were improvements in social mobility, access to education, and economic opportunities, but racial discrimination and economic inequality still persisted.
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andy eggers has invested $150,000 in a privately held family corporation. the corporation does not do well and must declare bankruptcy. what amount does eggers stand to lose?
The amount Andy Eggers would lose if the company filed for bankruptcy would depend on the specifics of his investment. He could lose all of his investment if he bought as just a shareholder.
What transpires once bankruptcy is declared?You won't be required to pay back some obligations to your creditors after filing for bankruptcy protection because the court will grant you a discharge. As stated, after you receive a debt discharge, your creditors are prohibited from contacting you or making any sort of effort to collect the debt.
What drawbacks do bankruptcy filings have?You can have immediate financial setbacks if you file for bankruptcy. Increased interest rates may apply when obtaining loans after filing for bankruptcy. After declaring bankruptcy, it could be challenging to obtain credit.
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