The uncollectible accounts expense for March for Dynamic, Incorporated, assuming they use the income statement approach (an allowance method) to account for uncollectible accounts, is $13,500.
This is determined by taking 2% of the net credit sales of $675,000 (2% x $675,000 = $13,500).
Accounts receivable of $6,000 were determined to be worthless and were written off during the month of March, meaning that the accounts receivable total was $575,000 at March 31. As such, 2% of the net credit sales of $675,000 is the uncollectible accounts expense for March.
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walgreens stores in warmer, sunnier parts of the country might dedicate more shelf space to sunscreen, while stores in colder areas might dedicate space to gloves and hats. this is based on which consumer segmentation variable?
The four cornerstones of market segmentation are demographic, psychographic, geographic, and behavioral; however, you may also use these four additional categories to strengthen your marketing campaigns.
Which 5 market segmentation types are there?Market segmentation can be done in five different ways: firmographic, geographic, psychographic, and behavioral. Victoria's Secret and their teen-focused brand PINK are an illustration of market segmentation in action. When compared to their brand PINK, which is largely marketed to women, Victoria's Secret primarily targets women.
Which market segmentation example would you give?Geospatial, demographic, psychographic, and behavioral market segmentation are typical examples. Businesses may demonstrate that they are skilled marketers and generate a higher return on their efforts by understanding market segments.
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the stock return for ford over the past 5 years has been: 15%, -9%, 1%, 8%, and 1%. what is the volatility of ford's returns?
The volatility of Ford's returns is 9.64%.
The volatility of Ford's returns can be calculated by taking the standard deviation of the returns over the past 5 years. Standard deviation is a measure of the variation of a data set from its mean.
In this case, the mean return is 2.6%. To calculate the standard deviation, we subtract the mean from each return, square the results, and add them together. The sum is then divided by the total number of returns (5) and then take the square root of that result.
Using the above formula, the standard deviation of Ford's returns over the past 5 years is 9.64%. Therefore, the volatility of Ford's returns is 9.64%.
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one-on-one interaction between a salesperson and a prospective buyer is called ________.
The one-on-one interaction between a salesperson and a prospective buyer is known as personal selling. Salespeople interact directly with potential buyers to persuade them to buy a product or service.
Personal selling is a method of selling that requires the salesperson to connect with potential buyers on a personal level. Personal selling refers to the sales technique of using a salesperson to engage with potential customers in person. It's a promotional method that entails establishing and maintaining connections with consumers, assessing their needs and preferences, and presenting them with products that meet their needs. Personal selling is often used to promote goods that are expensive, complex, or unfamiliar to the general public.
Personal selling can be a crucial component of an organization's marketing strategy, particularly when the product or service is difficult to understand or is being marketed to a small group of potential customers. Some of the advantages of personal selling include the ability to tailor sales pitches to individual customers, the ability to establish long-term relationships with customers, and the ability to obtain immediate feedback from customers. Personal selling also has some drawbacks, including the high cost of employing a sales force, the difficulty of finding good salespeople, and the time and effort required to train salespeople.
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hull a stock price is currently $20. suppose that at the end of 3 months it will be either $22 or $18. the risk-free interest rate is 4% per annum with continuous compounding. compute the arbitrage-free price of a 3-month european put option with a strike price of $19 by using the replication argument.
The arbitrage-free price of a 3-month European put option with a strike price of $19 can be computed by using the replication argument. Since there is no arbitrage opportunity present, the price of the option must equal the cost of the replicating portfolio.
The replicating portfolio consists of borrowing the strike price at the risk-free rate and investing the proceeds in the stock. Thus, the replicating portfolio consists of borrowing $19 at the 4% per annum risk-free rate (0.04/4), and investing the proceeds in the stock at the current price of $20.
At the end of the 3 months, the value of the replicating portfolio will either be $2 if the stock price rises to $22, or -$1 if the stock price falls to $18. Hence, the price of the put option must be $1 in order to replicate the above payoff.
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which company is the official sports betting partner of the denver nuggets?
as a sales representative, i need the ability to take ownership of a new lead and document the progress so that i can provide consistent insight to my pipeline. which three acceptance criteria are best suited for the user story example?
As a sales representative, I need the ability to take ownership of a new lead and document the progress so that I can provide consistent insight to my pipeline. The three acceptance criteria that are best suited for the user story include the ability to claim new leads, documenting the progress, and a clear and easy-to-use interface.
Ability to claim new leads: The user story requirement of taking ownership of a new lead should have the acceptance criteria of the sales representative being able to claim the new leads easily. Documenting the progress: Another acceptance criteria for the user story requirement should be documenting the progress of the new leads. This helps the sales representative provide consistent insight into their pipeline.A clear and easy-to-use interface: A third acceptance criteria should be the user interface of the lead documentation being user-friendly, clear, and easy to use. A clean interface helps the sales representative use the user story effectively to provide consistent insight into their pipeline.
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The three acceptance criteria that are best suited for the user story example "as a sales representative, i need the ability to take ownership of a new lead and document the progress so that i can provide consistent insight to my pipeline" are as follows:
1. Content loaded as a sales representativeIn order to take ownership of a new lead and document the progress, it is essential to have the proper content loaded. This can include relevant information about the lead, their interests, and any previous interactions with your company.
2. The progress so that I can provide consistent insight to my pipeline To provide consistent insight to your pipeline, it is important to document the progress of your leads. This includes any meetings or calls that have taken place, as well as any follow-up actions that need to be taken.
3. Acceptance criteria are best suited for the user story example Acceptance criteria are best suited for the user story example because they help to define what constitutes success. This can include a certain number of calls or meetings, a specific timeline for follow-up, or other metrics that can be used to measure progress.
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as a percentage of the federal workforce federal employment has increased since the 1950s. true or false
False, Since 1950, fewer individuals have found work in the federal bureaucracy, while more people have found work in state and local governments.
When did the federal labor force grow most quickly?As the United States entered World War II in 1941, the number of government agencies and employees grew even more as a result of the needs of the war. Under Roosevelt, the federal employment grew dramatically throughout those 12 years, rising from a little more than 500,000 employees in 1933 to a record-breaking number of more than 3.5 million in 1945.
In the United States, the phrase "federal bureaucracy" is used to characterize the administrative division of the executive government. According to some sources, the local government has expanded over time even as the workforce has shrunk. Throughout the past 30 years, there has been a slight decline in the percentage of government workers in the American workforce overall. This is a result of a slightly higher number of locals choosing to join the workforce, whether it be public or private, driven by the possibility of earning a somewhat better wage, which, while not particularly significant, can make a difference at the end of the month.
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many service companies collect data via a follow-up survey of their customers. for example, to ascertain customer sentiment, delta air lines sends an e-mail to customers immediately following a flight. among other questions, delta asks: how likely are you to recommend delta air lines to others?
Many service companies collect data via a follow-up survey of their customers. For example, to ascertain customer sentiment, Delta Air Lines sends an e-mail to customers immediately following a flight. Among other questions, Delta asks:
"How likely are you to recommend Delta Air Lines to others?"The primary motive behind collecting customer data is to create a better customer experience. The following are the reasons why service companies collect data:
1. To analyze the business's performance
2. To provide customized products and services
3. To improve customer experience
4. To anticipate the customer's needs and requirements
5. To maximize customer satisfaction and loyalty
6. To enhance employee performance
7. To analyze the industry trends
8. To evaluate the effectiveness of business strategies
9. To stay ahead of the competitors
These are the reasons why service companies collect customer data.
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the balance in the accounts receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month. sales on account during the month totaled $130,000. no accounts receivable were written off as uncollectible during the month. cash collections of accounts receivable during the month totaled:
The balance in the accounts receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month. Sales on account during the month totaled $130,000. No accounts receivable were written off as uncollectible during the month. The cash collections of accounts receivable during the month totaled $113,000.
How much did the firm receive in cash collections of accounts receivable during the month?The firm received $113,000 in cash collections of accounts receivable during the month.
Solution:
The balance in the accounts receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month.Sales on account during the month totaled $130,000. No accounts receivable were written off as uncollectible during the month.
So, the firm's account receivable would be the opening balance and sales on credit minus any uncollectible debts.
Accounts Receivable at the Beginning of the Month = $18,000Sales on Account = $130,000
Less: Accounts Receivable written off as Uncollectible = $0The total cash collection of accounts receivable during the month will be:
Accounts Receivable at the End of the Month = $15,000Accounts Receivable at the Beginning of the Month = $18,000Sales on Account = $130,000Less: Accounts Receivable written off as Uncollectible = $0Cash collections of accounts receivable during the month = $113,000.
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for fixed-rate bonds it's important to realize that the value of the bond has a(n) inverse relationship to the level of interest rates. if interest rates rise, then the value of the bond falls ; however, if interest rates fall, then the value of the bond rises . a discount bond is one that sells below its par value. this situation occurs whenever the going rate of interest is above the coupon rate. over time its value will increase approaching its maturity value at maturity. a premium bond is one that sells above its par value. this situation occurs whenever the going rate of interest is below the coupon rate. over time its value will decrease approaching its maturity value at maturity. a par value bond is one that sells at par; the bond's coupon rate is equal to the going rate of interest. normally, the coupon rate is set at the going market rate the day a bond is issued so it sells at par initially. hide feedback correct quantitative problem: potter industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. the par value of the bond is $1,000. if the going annual interest rate is 7.6%, what is the value of the bond? do not round intermediate calculations. round your answer to the nearest cent. $ hide feedback incorrect check my work feedback realize that the bond is an annual bond, so it will be analyzed accordingly. review the formula for calculating the value of a bond. review the data entries using a financial calculator maki
The value of the bond is $836.09. Bonds can be described as medium- to long-term transferable bonds.
The value of the bond can be calculated using the formula for bond valuation: V = P[1 - (1 + r)^(-n)] / r + A[(1 + r)^n], where
V is the value of the bond, P is the par value of the bond, r is the interest rate, n is the number of periods, and A is the annual coupon.In this case, V is the value of the bond, P is 1000, r is 7.6%, n is 10, and A is 60. Plugging in these values, the value of the bond is $836.09. Therefore, the value of the bond is $836.09.
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which term refers to the primary reference point in a metes and bounds legal description of real property?
The term "point of beginning" refers to the primary reference point in a metes and bounds legal description of real property. This is the point at which the boundaries of the land are initially set and is usually marked by a landmark or natural feature such as a river, tree, or stone.
From this point, a surveyor would draw straight lines in the cardinal directions to determine the boundaries of the property. The directions of the lines are then noted and the length of the line is measured in feet, yards, or rods. By using this method, all of the boundaries of the property can be defined and described accurately.
The point of beginning is an important concept in the creation of a legal description of real property. Without a point of beginning, it is difficult to define the boundaries of a property accurately. This is because the cardinal directions from which the boundaries of the property are derived can become lost or confused.
Furthermore, it is not always possible to rely on natural landmarks or features as reference points. The point of beginning serves as an anchor for all other elements of the legal description, providing a fixed point from which all other lines can be drawn and measured.
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Answer:Distances, angles, and reference points
Base lines, meridans, and plots
Lot numbers, degrees of latitude and longitude
Parallels, intersections, and street numbers
d
Explanation:
productive efficiency is achieved when firms produce goods and services question content area bottom part 1 a. at the lowest cost. b. of the highest quality. c. most desired by society. d. at the highest profit margin.
Productive efficiency is achieved when firms produce goods and services at the lowest cost.
What is productive efficiency?Productive efficiency is an economic condition in which the economy generates the most goods and services possible. It implies the economy's efficiency in resource use, which helps to achieve the maximum amount of output from a minimum amount of input.
Productive efficiency is achieved when goods and services are produced at the lowest cost possible.
What is a good and service?Goods and services refer to what people consume or use to satisfy their wants and needs. They can be physical goods or intangible services that are marketed and sold to consumers, businesses, or other organizations.
What does it mean when firms produce goods and services at the lowest cost?Productive efficiency is achieved when firms produce goods and services at the lowest cost. This implies that resources are used efficiently to produce goods and services at the lowest cost possible.
When the cost of producing goods and services is low, businesses can reduce the prices of their products, which will ultimately benefit the consumers. In addition, producing goods and services at the lowest cost will increase a firm's profits margin, which will encourage more investment and expansion of the business.
Summary Productive efficiency is achieved when firms produce goods and services at the lowest cost. This means that resources are being utilized efficiently and the economy is generating the highest amount of output possible.
Producing goods and services at the lowest cost will ultimately benefit the consumers as prices will be lowered.
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dolan company's accounting records reflect the following inventories: dec. 31, 2022 dec. 31, 2021 raw materials inventory $310,000 $260,000 work in process inventory 300,000 160,000 finished goods inventory 190,000 150,000 during 2022, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. (assume that all raw materials used were direct materials.) the total raw materials available for use during 2022 for dolan company is:
The total raw materials available for use during 2022 for Dolan Company is $1,010,000.
What is an inventory?An inventory is an itemized list of items held in stock by a business. An inventory is a business asset that is intended to be sold in the normal course of business.
The total raw materials available for use during 2022 for Dolan Company are:
Inventories December 31, 2021
Raw materials inventory $260,000
Work in process inventory $160,000
Finished goods inventory $150,000
Raw materials purchased during 2022 $800,000
Direct labor costs for 2022 $670,000
Manufacturing overhead incurred $640,000
The total raw materials available for use during 2022 for Dolan Company is $1,010,000.
How to calculate the total raw materials available for use during 2022?
Total Raw Materials Available for Use = Beginning Raw Materials Inventory + Raw Materials Purchased – Ending Raw Materials Inventory
Beginning Raw Materials Inventory = $260,000 Raw Materials Purchased = $800,000 Ending Raw Materials Inventory = $310,000
Therefore, Total Raw Materials Available for Use = $260,000 + $800,000 – $310,000= $1,010,000.
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if the u.s. dollar appreciates relative to foreign currency, what is likely to be the result for the u.s. company that has branches abroad? if the u.s. dollar appreciates relative
When the US dollar appreciates relative to foreign currency, the likely result for the US company that has branches abroad is that the revenue generated by the branches abroad will decrease due to the currency exchange rate.What is currency exchange rate?A currency exchange rate is the amount of one country's currency that must be exchanged for the currency of another country to purchase one unit of the other currency.
A currency exchange rate between two countries' currencies determines the amount of one country's currency that must be exchanged for a unit of another country's currency. The currency exchange rate determines the value of the currency in the international market.Explanation:When the US dollar appreciates, it becomes stronger compared to other currencies. As a result, companies that have branches abroad will see their profits decrease. The revenue generated by these branches abroad will be worth less when converted into US dollars.In other words, if a US-based company has a subsidiary in Europe that generates revenue in euros, when the US dollar appreciates, the value of those euros decreases when converted back into US dollars. This, in turn, decreases the company's revenue and profits.When the US dollar appreciates, the US company that has branches abroad will also face more intense competition from foreign companies in the international market. This is because the goods and services offered by US companies become more expensive relative to those offered by foreign companies. This can lead to a decrease in market share and profitability for US companies operating abroad.
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alicia is leading a task force on increasing customer satisfaction. she takes the time to learn about her teammates’ views and suggestions and incorporates their input into her final decision. ( _______ )
Alicia's approach to learning about her teammates' views and suggestions and incorporating their input into her final decision is an example of good listening skills.
Listening is a critical skill for effective leadership, as it helps to build trust, foster collaboration, and promote open communication. By actively listening to her teammates, Alicia is demonstrating that she values their input and wants to understand their perspectives. Effective listening involves not only hearing what someone is saying but also paying attention to their body language, tone of voice, and other nonverbal cues.
It also involves asking questions to clarify and deepen understanding, and reflecting back to ensure that the message has been received accurately. By demonstrating good listening skills, Alicia is creating a positive work environment where everyone feels heard and valued. This can help to increase motivation, engagement, and productivity among her teammates, as they feel more connected to the task force's goals and objectives.
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company has total assets of $9,900,000 and a total asset turnover of 2.49 times. assume the return on assets is 11 percent. what is the company's sales?
The company's sales is $22,410,000.
A company's sales or revenues are compared to the value of its assets using the asset turnover ratio. The asset turnover ratio can be used to gauge how effectively a business uses its assets to produce revenue.
We can calculate sales using total asset turnover, and net income using return on assets. Starting with the overall asset turnover, we discover that sales are:
Total asset turnover = Sales / Total assets
2.49 = Sales / $9,000,000
Sales = $22,410,000
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kanha is a student at fresno state university who recently got his first f. now he has to make a decision about how to get his grades back up. having recently taken a class on decision making, kanha decides to follow the six-step process for deciding what to do. what problem is kanha most likely to face during the recognition of decision requirement step in the decision-making process?
When answering questions on the Brainly platform, it is important to always be factually accurate, professional, and friendly. It is also important to be concise and not provide extraneous amounts of detail. One should never ignore any typos or irrelevant parts of the question.
Furthermore, it is important to use the following terms in one's answer:Student question: Kanha is a student at Fresno State University who recently got his first F. Now he has to make a decision about how to get his grades back up. Having recently taken a class on decision making, Kanha decides to follow the six-step process for deciding what to do. What problem is Kanha most likely to face during the recognition of decision requirement step in the decision-making process?In the recognition of decision requirement step in the decision-making process, Kanha is most likely to face the problem of inadequate information. This problem arises when the decision maker lacks sufficient information to identify a decision situation or fully understand the problem that needs to be solved. In this step, Kanha must clearly identify and define the problem he is facing before moving on to the next step in the decision-making process. However, this may prove difficult if he does not have enough information about the problem at hand. Therefore, he should take the time to gather as much relevant information as possible to ensure that he has a clear understanding of the situation before moving on to the next step.
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Find the per capita GDP when the GDP of a country is $1.5 trillion and the country's population is 300 million
The nation's GDP per person would be $5,000. The total production produced inside a country's borders is represented by its GDP.
How can you locate the GDP?GDP determines the dollar amount of the consumable goods and services produced in a country over a given time period (such as a quarter of a year).
The GDP, which is commonly calculated "without twice adding the intermediate products and services used used to make them," is the market price pf all the final goods and services produced or sold in an amount of time by a nation or nations.
You could divide the nation's GDP ($1.5 trillion) by its population (300 million) to obtain its GDP per capita.
GDP per person equals $1.5 trillion divided by 300 million, or $5,000.
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Answer:$5000
Explanation:
clothing for accountants is a popular retail store owned by i.m. material. material has just sold the business to phil forma. phil has asked that a covenant not to compete be inserted into the agreement. such covenants are:
A covenant not to compete (CNC) is a legally binding agreement in which an individual or business promises to refrain from engaging in certain activities that could potentially compete with the party to whom the CNC is being granted. The CNC can be a separate contract or a clause that is included in a broader agreement.
CNCs are particularly prevalent in the sale of businesses and the employment of key personnel.Covenants not to compete (CNC) are generally included in the sale of a company in order to protect the buyer from the seller's future competition. In the case of a retailer, a CNC may prevent the seller from opening up another retail store in the same city or geographic region within a specific period of time (usually several years) after the sale.
This is particularly important if the seller has an established reputation and customer base in the area. It can also be used in employment contracts where an employer may ask employees to sign a CNC to protect the company from having employees leave and start a competing business or take clients with them.CNCs can be both beneficial and detrimental to both parties involved. On the one hand, they can protect the buyer or employer from future competition and loss of clients. On the other hand, they can restrict the seller or employee's freedom to work and make a living.
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you've joined an interest group primarily for the discount card members get for traveling. which benefit are you interested in deriving from participation in the group?
Material benefit is indicated, when you've joined an interest group primarily for the discount card members get for traveling.
According to question, the reason for participation in an interest group primarily for the discount card, shows material benefits.
Hence, the answer is option C. Material.
What is a material benefit?A material benefit refers to something that can be measured in terms of money or physical assets. These include discounts, cash backs, or physical incentives.
If you joined an interest group because you hoped to get discounts from travelling, then you hoped to get the material benefit or having to spend less money when you travel, which can be measured in monetary terms.
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alyssa is undertaking a management initiative to focus all aspects of her company's value chain on improving the quality of their products. the name of this strategy is .
The strategy that Alyssa is undertaking is commonly known as "Total Quality Management (TQM)."
What is Total quality management?
Total Quality Management (TQM) is a management approach that emphasizes the importance of quality in all aspects of an organization's operations. It involves a continuous effort to improve the quality of products, services, and processes, with the ultimate goal of meeting or exceeding customer expectations.
TQM is based on the belief that quality is everyone's responsibility, not just the responsibility of a specific department or individual. It requires the active participation of all employees in the organization, from top-level management to front-line workers.
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the best vacations include positive interactions between the visitor and the host. in our indispensable tips on how to mind your manners when traveling, we include which tidbit for interacting with waitstaff?
We include the advice to be courteous and respectful while interacting with waitstaff in our guidelines on how to mind your manners when traveling, including saying "please" and "thank you" and tipping correctly.
One crucial pointer for communicating with waitstaff is to always be nice and respectful, according to our invaluable advice on how to mind your manners when traveling. The face of the regional hospitality business is frequently the wait staff, who may offer insightful information about regional culture and customs. Being patient, using the words "please" and "thank you," and refraining from being unduly demanding or critical are all important ways to demonstrate respect. In order to express appreciation for the local culture and to demonstrate a willingness to interact with the local community while visiting a new location, it can be useful to learn a few fundamental phrases in the language there. Overall, positive interactions with waitstaff can enhance the overall travel experience and help visitors to connect with the local culture in a meaningful way.
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nico nelson, a management trainee at a large new york-based bank, is trying to estimate the real rate of return expected by investors. he notes that the 3-month t-bill currently yields 3 percent and has decided to use the consumer price index as a proxy for expected inflation. what is the estimated real rate of interest if the cpi is currently 2 percent?
Subtracting the predicted inflation rate from the nominal interest rate yields the estimated real rate of interest. Nico Nelson has selected the 3-month T-bill yield as the nominal interest rate in this situation,
which is currently at 3%. In addition, he has utilized the Consumer Price Index (CPI) as a proxy for projected inflation, which is now at 2%. As a result, the anticipated actual rate of interest is as follows: Real interest rate = nominal interest rate minus expected inflation rate = 3% - 2% = 1% Based on the facts provided, the anticipated actual rate of interest expected by investors is 1%. This indicates that after accounting for inflation, Nico Nelson has selected the 3-month T-bill yield as the nominal interest rate in this situation, investors may anticipate a real return of 1% on their assets.
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how is project cost management different when using an agile approach?
When using an agile approach, project cost management is different in the following such as Prioritize requirements, Early and frequent cost analysis, Maintain flexibility and Rapid iteration.
Prioritize requirements: Agile prioritizes requirements based on customer needs, which may change throughout the project. Therefore, the cost of the project must be managed with flexibility in mind. In other words, the budget must be flexible enough to accommodate changing requirements.
Early and frequent cost analysis: Agile cost management requires early and frequent cost analysis, as the project's requirements may change as the project progresses. It's essential to assess costs regularly to ensure that the project remains within budget.
Maintain flexibility: Agile's cost management approach values flexibility. It's important to be adaptable and ready to alter plans or budgets to meet the project's changing demands. This way, it would be much easier to execute the project plan efficiently.
Rapid iteration: Agile's cost management approach encourages fast iterations. As a result, project costs should be divided into smaller, more manageable pieces. This way, the project team can evaluate and modify the cost management strategy on a regular basis. As the project progresses, it is important to be able to pivot the budget if necessary. The cost management strategy should be reevaluated and adjusted based on how the project is going.
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what are the differences between a closed-end investment company and a mutual fund? what are the sources of return from an investment in a closed-end investment company? why can a closed-end investment company sell for a discount from nav but a mutual fund cannot sell for a discount? what differentiates a reit from a firm involved in building, developing, and owning properties? what differentiates a mortgage trust from an equity trust? what advantages do reits offer investors over direct investments in real estate properties? using the information on the taxation of reit distributions, what was the tax status of recent annual distributions made by plum creek timber (pcu), udr, and wre? how do etfs differ from mutual funds? why may they be considered alternatives to index mutual funds? why does arbitrage virtually assure that an etf will sell for its nav? how may mutual funds, closed-end investment companies, and etfs be used to take positions in foreign securities? why are hedge funds and private equity funds of little interest to most investors? why may investing in an etf such as the various ishares be preferable to acquiring shares in a mutual fund that makes foreign investments? several closed-end investment companies and ishares invest in the same country, such as the aberdeen japan equity fund (jeq) and the ishares msci japan (ewj). compare their monthly percentage changes (i.e., monthly returns) for three years, and compute the correlation coefficient between the two sets of returns. repeat the process using an index of u.s. stocks such as the s
The main difference between the two is that the closed-end investment company has a fixed number of shares that are traded on the stock market, while the mutual fund is an open-ended fund with an unlimited number of shares.
Sources of return from an investment in a closed-end investment company (CEIC) include dividends from underlying investments, capital appreciation from underlying investments, and net investment income. A CEIC can sell for a discount from its net asset value (NAV) because it is not required to redeem its shares, while a mutual fund must redeem its shares at NAV, meaning it cannot sell for a discount.
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a patient is planning to have a surgical procedure but is concerned about poor patient care quality at the local hospital, and performed a quality check and comparison of several hospitals. what conglomeration of non-healthcare fortune 500 companies defined quality measurements to allow consumers to compare hospitals?
The Conglomeration of non-healthcare Fortune 500 companies that defined quality measurements to allow consumers to compare hospitals is Leapfrog Group.
The Leapfrog Group is a non-profit organization that has emerged as a significant voice in the healthcare reform debate in the United States. The organization's aim is to improve the quality of healthcare for consumers and purchasers by promoting transparency, protection, and incentives for better performance.
Therefore, a patient planning to have a surgical procedure but is concerned about poor patient care quality at the local hospital, and performed a quality check and comparison of several hospitals can refer to Leapfrog Group to measure the quality of healthcare at each hospital. Leapfrog has set standards for hospital care, and hospitals can take Leapfrog's surveys to rate their performance.
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mary ehrat, an employee of eddington company, has gross earnings for the month of october of $8,000. fica taxes are 7.65% of gross earnings, federal income taxes amount to $1,270 for the month, state income taxes are 2% of gross earnings, and mary authorizes voluntary deductions of $20 per month to the united fund. what is the net pay for mary ehrat?
According to the united fund, Mary Ehrat's net pay for the month of October is $5,938.
First, we need to calculate the FICA taxes, which stands for Federal Insurance Contributions Act. FICA taxes are Social Security and Medicare taxes that are deducted from an employee's paycheck. Mary's FICA taxes are 7.65% of her gross earnings, which means we can calculate her FICA taxes as follows:
FICA taxes = Gross earnings x 7.65%
FICA taxes = $8,000 x 0.0765
FICA taxes = $612
After calculating the FICA and federal income taxes, we need to calculate the state income taxes, which are taxes that employees pay to their state government. Mary's state income taxes are 2% of her gross earnings. This means we can calculate her state income taxes as follows:
State income taxes = Gross earnings x 2%
State income taxes = $8,000 x 0.02
State income taxes = $160
Finally, we need to deduct Mary's voluntary contribution to the United Fund. Mary authorized a voluntary deduction of $20 per month to the United Fund. This means we can deduct $20 from her net pay calculation.
To calculate Mary's net pay, we need to subtract all the deductions from her gross earnings:
Net pay = Gross earnings - FICA taxes - Federal income taxes - State income taxes - Voluntary contribution to the United Fund
Net pay = $8,000 - $612 - $1,270 - $160 - $20
Net pay = $5,938
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This information relates to the Cash account in the ledger of Cullumber Company.
Balance September 1 $16,660 Cash deposited $64,000
Balance September 30 $17,860 Checks written $62,800
The September bank statement shows a balance of $16,760 on September 30 and the following memoranda.
Credits Debits
Collection of electronic funds transfer $1,990 NSF check: H. Kane $720
Interest earned on checking account 55 Safety deposit box rent 70
At September 30, deposits in transit were $4,908 and outstanding checks totaled $2,553.
Required:
Prepare the bank reconciliation on September 30, 2017.
Both the adjusted bank balance and the adjusted ledger balance are equal ($19,115), which indicates that the bank reconciliation has been prepared successfully.
How do we calculate bank statement balance?To prepare the bank reconciliation on September 30, 2017, you will need to follow these steps:
Step 1: Start with the bank statement balance.
Bank statement balance: $16,760
Step 2: Add deposits in transit.
Deposits in transit: $4,908
Adjusted bank balance: $16,760 + $4,908 = $21,668
Step 3: Subtract outstanding checks.
Outstanding checks: $2,553
Adjusted bank balance: $21,668 - $2,553 = $19,115
Step 4: List the ledger balance.
Ledger balance: $17,860 (given in the question)
Step 5: Add any credits from the bank statement that are not in the ledger.
- Collection of electronic funds transfer: $1,990
- Interest earned on checking account: $55
Total credits: $1,990 + $55 = $2,045
Adjusted ledger balance: $17,860 + $2,045 = $19,905
Step 6: Subtract any debits from the bank statement that are not in the ledger.
- NSF check: H. Kane: $720
- Safety deposit box rent: $70
Total debits: $720 + $70 = $790
Adjusted ledger balance: $19,905 - $790 = $19,115
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suppose the total cost for various levels of output for a competitive price-taker firm are given in the table below: q tc 0 10 1 12 2 15 3 19 4 24 5 30 6 37 7 46 8 55 9 65 if the market price is $8, how many units should the firm produce to maximize profit? group of answer choices 5 6 7 8
The firm should produce 6 units to maximize profit at a market price of $8.
To determine the profit-maximizing level of output, we need to calculate the marginal cost and marginal revenue at each level of output, and then compare them to find the level of output where marginal revenue equals marginal cost.
From the table, we can calculate the firm's total cost and average cost at each level of output. We can also calculate the firm's total revenue, which is equal to the market price multiplied by the level of output.
Using this information, we can calculate the marginal cost and marginal revenue as follows:
Marginal cost = change in total cost / change in quantity
Marginal revenue = change in total revenue / change in quantity
We can then compare the marginal cost and marginal revenue at each level of output to determine the profit-maximizing level of output. At an output of 6 units, marginal cost is equal to marginal revenue, which means that the firm should produce 6 units to maximize profit.
At an output of 5 units, marginal cost is $7 and marginal revenue is $8, which means that the firm can increase profit by producing one more unit. At an output of 7 units, marginal cost is $9 and marginal revenue is $8, which means that the firm can increase profit by reducing output. Therefore, the profit-maximizing level of output is 6 units.
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compared to traditional systems, activity-based costing uses ______ cost pools and unique measures of activity.
Answer:more
Explanation:
Activity-based costing uses multiple cost pools and unique measures of activity compared to traditional systems.
In comparison to traditional systems, activity-based costing (ABC) uses multiple cost pools and unique measures of activity. It considers indirect costs as direct expenses, and it assigns indirect expenses to cost objects using cost drivers. It improves the accuracy of product costing, which improves product profitability analysis.
ABC helps to identify the activities that are driving the costs of products and services. ABC facilitates continuous improvement, which leads to product and process enhancements. ABC is a costly system to implement but, it provides accurate product cost information that can assist management in making well-informed decisions.
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