Payback period = 4.87 years (rounded to 2 decimal places).Since the payback period of this investment exceeds the four-year criterion set by Pharoah Solutions, Inc., the investment should be rejected according to their policy.
Based on the information provided, the payback period of this investment can be calculated as follows:
Year 1 cash flow = $689,500
Year 2 cash flow = $670,200
Year 3 cash flow = $923,400
Year 4 cash flow = $1,698,200
Year 5 cash flow = $2,241,600
Year 6 cash flow = $2,443,600
Cumulative cash flow at the end of Year 1 = $689,500
Cumulative cash flow at the end of Year 2 = $1,359,700
Cumulative cash flow at the end of Year 3 = $2,283,100
Cumulative cash flow at the end of Year 4 = $3,981,300
Cumulative cash flow at the end of Year 5 = $6,222,900
Cumulative cash flow at the end of Year 6 = $8,666,500
To calculate the payback period, we need to find the year in which the cumulative cash flow equals or exceeds the initial investment of $5,631,700. Based on the cumulative cash flow values, the payback period can be determined as follows:
Payback period = Year 4 + (Initial investment - Cumulative cash flow at the end of Year 4) / Cash flow in Year 5
Payback period = 4 + ($5,631,700 - $3,981,300) / $2,241,600
Payback period = 4.87 years (rounded to 2 decimal places)
Since the payback period of this investment exceeds the four-year criterion set by Pharoah Solutions, Inc., the investment should be rejected according to their policy. However, it is important to note that the payback period does not take into account the time value of money or the profitability of the investment beyond the payback period.
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Country A and Country B differ in their intrinsic health environments. Specifically, for a given level of income per capita, workers in Country A will be healthier than workers in Country B. Suppose we observe that the two countries have the same level of income per capita, but people in Country A are healthier than people in Country B. What can we conclude about the aspects of production not related to health in the two countries? Explain using a diagram.
If workers in Country A are healthier than workers in Country B for a given level of income per capita, it implies that Country A has a more efficient and effective healthcare system compared to Country B.
When the two countries have the same level of income per capita but people in Country A are healthier, it means that Country A is utilizing its resources in a more efficient manner than Country B, which is not producing the same health outcomes.
The difference in healthcare systems is an example of non-health-related aspects of production in the two countries. This could include differences in technology, education, infrastructure, or other factors that impact the productivity of the workforce.
The diagram below shows the difference in production between the two countries. Country A is able to produce more output (represented by the higher point on the production possibility frontier) than Country B at the same level of resources. This indicates that Country A is more efficient in its production process due to its better healthcare system and other non-health related factors.
In conclusion, the difference in intrinsic health environments between Country A and Country B highlights the importance of investing in non-health related aspects of production to improve productivity and achieve better health outcomes.
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on january 1, 2019, zebra company made two investments zebra co purchased 25% of the outstanding common shares of the elephant co for $1500,000. zebra co purchased 40% of the outstanding common shares of the lion co for $350,000. during 2019, elephant co earned $200,000 and declared a dividend of $50,000. during 2019, lion co lost $100,000 and did not declare any dividends. zebra company uses the equity method of accounting for both investments. what is zebra company's equity method income in 2019?
Overall, Zebra Co's equity method income for 2019 is $37,500 - $40,000 = -$2,500 (a loss).
For the investment in Elephant Co: Zebra Co purchased 25% of Elephant Co for $1,500,000, so the total value of Elephant Co is $6,000,000 (1,500,000/0.25). Elephant Co earned $200,000 in 2019, so Zebra Co's share of the earnings is $50,000 (25% x $200,000). Elephant Co declared a dividend of $50,000, so Zebra Co's share of the dividend is $12,500 (25% x $50,000). Therefore, Zebra Co's equity method income from its investment in Elephant Co is $50,000 - $12,500 = $37,500.
For the investment in Lion Co: Zebra Co purchased 40% of Lion Co for $350,000, so the total value of Lion Co is $875,000 (350,000/0.4).
Lion Co lost $100,000 in 2019, so Zebra Co's share of the loss is $40,000 (40% x $100,000).
Lion Co did not declare any dividends in 2019, so Zebra Co has no share of dividends to consider.
Therefore, Zebra Co's equity method income from its investment in Lion Co is -$40,000 (a loss).
Overall, Zebra Co's equity method income for 2019 is $37,500 - $40,000 = -$2,500 (a loss).
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android-based devices assume you will have a(n) ________ account as your primary account.
Signin accounts are assumed to be your primary accounts on app-based devices.
You may use several services, such as the Android operating system, Signin, Drive, and others, for free if you have a Signin account. Going to the Signin website and following the instructions will allow you to establish a Signin account.
Once you've made a account, you can sign in with it to use all of the apps and services that are associated with it on your Android device. Check the settings on your phone. Scroll down and select Signin. The Manage accounts on this device option will appear when you tap the right arrow next to your Signin account. Your phone's accounts are all there.
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which of the following policy measures can lead to a crowding-out effect in an economy that has a budget deficit? decreasing the government spending increasing the government spending increasing the taxes for households the central bank decreasing reserve ratio the central bank selling bonds
A crowding-out effect occurs when the government increases its borrowing to finance a budget deficit, leading to higher interest rates, which reduces private investment.
To avoid this, policymakers can choose to decrease government spending or increase taxes for households. Increasing government spending or decreasing reserve ratios by the central bank can also lead to crowding-out effects as it increases the amount of money in circulation, leading to higher inflation and interest rates. Additionally, the central bank selling bonds can also lead to crowding-out effects as it reduces the amount of money available for private investment. In conclusion, decreasing government spending and increasing taxes for households are the policy measures that can help prevent a crowding-out effect in an economy with a budget deficit.
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Those who don't believe in the theory of convergence point to countries such as _____. Which of the following statements can explain why the theory of convergence may not always hold? Check all that apply.A. Rich countries actively to keep poor countries poor through economic and military policies.B. Convergence theory applies only to small countries.C. Many poor countries have much less human capital than in rich countries.
Statement A can explain why the theory of convergence may not always hold.
Rich countries may actively work to keep poor countries poor through economic and military policies, which can hinder their economic growth and prevent them from catching up to richer countries. Additionally, statement C may also apply, as many poor countries have much less human capital than in rich countries, which can also hinder their ability to converge economically. However, statement B is not a valid explanation, as convergence theory can apply to countries of any size.
Critics of the convergence theory argue that it does not always hold due to factors such as rich countries implementing policies that hinder the growth of poor countries and the significant differences in human capital between rich and poor countries. These factors can impede the natural convergence process and maintain the existing disparities in wealth and development.
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partner a receives property other than money and hot assets in a liquidating distribution. his outside basis is less than the inside basis of the distributed assets. partner a's the basis of the other property will be:
In this scenario, the partner's basis in the other property will be equal to the outside basis minus any liabilities assumed by the partner as part of the distribution.
What's the outside basisThe outside basis is the partner's initial investment in the partnership, increased by any additional contributions and decreased by any distributions or losses. The inside basis, on the other hand, is the partnership's tax basis in the distributed assets.
It is important for partners to understand their basis in distributed assets as it affects their tax liability upon sale or disposition of those assets.
Partners may need to consult with a tax professional for guidance on calculating and tracking their basis in partnership assets.
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in the decision-making style, the leader makes the decision without input from subordinates. group of answer choices delegated consultative democratic autocratic
The answer is "autocratic". Autocratic decision-making style refers to a situation where the leader makes decisions without seeking any input or feedback from subordinates. In this style, the leader holds all the power and control and takes full responsibility for the outcome of the decision.
Autocratic leadership style is often characterized by a top-down approach, where the leader makes all the decisions and dictates what needs to be done without considering the views of the team.
This style is usually used in situations where the leader has more experience and knowledge compared to the subordinates or when there is an urgent need for a decision to be made.
The autocratic style of decision-making can have both advantages and disadvantages. The main advantage is that decisions can be made quickly and efficiently, without any delay caused by consulting others. However, the main disadvantage is that subordinates may feel excluded and unappreciated, which can lead to low morale and decreased motivation. Moreover, the leader may not have access to all the information and expertise needed to make a well-informed decision.
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which of the following statements regarding kanban systems is true?select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer.aa kanban system is a pull system, where downstream demand sets off a chain of events that pulls material through the various steps.ba kanban system is a push system, where the levels of safety stock and hedge inventory drive the chain of events in a production scenario.ca kanban system requires significant investment in technology.da kanban system works only when it includes both a production card and a move card.
The correct statement regarding Kanban systems is A. Kanban systems are a pull system, meaning that the downstream demand sets off a chain of events that pulls the material through the various steps.
The Kanban system is a visual tool used to manage inventory and production flow. It originated in Japan and is widely used in lean manufacturing and just-in-time (JIT) systems. It is based on the principle of "just-in-time" production, which aims to produce goods at the exact time and in the exact quantity needed to fulfill customer demand.
The Kanban system uses a card or signal to communicate demand from downstream processes to upstream processes. When the downstream process requires materials or goods, it sends a signal to the upstream process to produce and deliver the necessary items. This approach ensures that production and inventory levels are optimized and aligned with customer demand.
Implementing a Kanban system does not require significant investment in technology, and it does not work only when it includes both a production card and a move card. The Kanban system can be implemented using simple tools such as cards, bins, or boards, and it can be adapted to different production processes and environments.
In summary, the Kanban system is a pull system that aims to produce only what is needed, when it is needed, and in the right amount. It is a visual tool used to manage inventory and production flow and can be implemented using simple tools. Therefore, the correct option is A.
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which of the following statements regarding Kanban systems is true?
A. kanban system is a pull system, where downstream demand sets off a chain of events that pulls material through the various steps.
B. kanban system is a push system, where the levels of safety stock and hedge inventory drive the chain of events in a production scenario.
C. kanban system requires significant investment in technology.
D. kanban system works only when it includes both a production card and a move card.
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Uncle Qi Wang runs a coffee stall. His daily fixed costs are RM40. His variable costs are RM4 per cup of coffee. Uncle Qi Wang sells an average of 80 cups of coffee per day.
What price would Uncle Qi Wang have to charge per cup of coffee in order to generate a profit of RM600 per day
Uncle Qi Wang needs to charge RM8 per cup of coffee in order to generate a profit of RM600 per day. This is calculated by adding the variable cost of RM4 per cup to the fixed cost of RM40 and adding the desired profit of RM600, then dividing by the average number of cups sold per day.
To generate a profit of RM600 per day, Uncle Qi Wang's total revenue should be RM800 (fixed costs + variable costs + profit). His variable costs are RM4 per cup, and he sells 80 cups of coffee per day, so his daily variable costs are RM320.
Therefore, his daily revenue should be RM1,160. To find the price per cup, divide the total revenue by the number of cups sold: RM1,160 ÷ 80 cups = RM14.50 per cup. Therefore, Uncle Qi Wang should charge RM14.50 per cup of coffee to generate a profit of RM600 per day.
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which of the following costs is an example of a cost that remains the same in total as the number of units produced changes? a.factory rent b.direct labor c.direct materials d.units of production depreciation on factory equipment
The cost that remains the same in total as the number of units produced changes is known as a fixed cost and (A) factory rent is an example of a fixed cost
Out of the given options, the factory rent and the units of production depreciation on factory equipment are examples of fixed costs.
Factory rent is an example of a fixed cost, meaning it remains the same in total as the number of units produced changes.
Fixed costs do not vary with the level of production and must be paid regardless of the volume of units produced.
On the other hand, direct labor, direct materials, and units of production depreciation on factory equipment are variable costs that change in proportion to the number of units produced.
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the lands' end catalog provides a toll-free number for customers to call and place orders. the staff is pleasant and knowledgeable and will place orders and answer questions. this is an example of .
This is an example of customer service provided by Lands' End through their catalog ordering system. They have provided a toll-free number for customers to call and place orders and their staff is pleasant and knowledgeable in assisting customers with placing orders and answering questions.
This demonstrates Lands' End's commitment to providing a positive customer experience and ensuring customer satisfaction. Lands' End catalog, which provides a toll-free number for customers to call and place orders. The staff is pleasant and knowledgeable, and they will place orders and answer questions.
This is an example of excellent customer service. Customer service refers to the support and assistance provided by a company to its customers, aiming to ensure satisfaction with their products and services.
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How will these measures enable the principal to be a responsible steward of the school's internal account funds?
Performance measures can enable the principal to be a responsible steward of the school's internal account funds by providing a framework for tracking the school's progress and evaluating the effectiveness of its operations.
Performance measures allow the principal to monitor the school's progress towards its goals and to identify areas where improvements can be made. By analyzing performance data, the principal can make informed decisions about where to allocate resources and how to improve the school's performance. This can help ensure that internal account funds are being used effectively and efficiently to achieve the school's goals.
For example, if the school's performance measures show that student achievement in math is lower than desired, the principal may allocate more funds towards hiring additional math teachers, purchasing new math resources or investing in teacher training in math instruction. Alternatively, if the school's performance measures indicate that the school is meeting its targets in all areas, the principal can confidently maintain the current allocation of funds and continue to invest in programs that have been successful.
-----------The given question is incomplete, the complete question is:
"How will performance measures enable the principal to be a responsible steward of the school's internal account funds?"---------------
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ABC company has 1,000 employees. The total annual base pay for all employees combined equals $8,500,000. Assume the company's profit to be $50 million.
Consider the following three formulas for determining the total profit-sharing pool:
First-Dollar of Profits: The company agrees to share three percent of all profits up to $25 million.
Graduated First-Dollar-of-Profits: The company agrees to share four percent of all profits up to $20 million, and six percent of all profits up to $45 million.
Profitability Threshold Formula: The company agrees to share five percent of all profits above $20 million up to $35 million.
Questions:
Part 1:
Calculate the total profit sharing pool for all three formulas noted below.
Total profits under the "First-Dollar of Profits" formula is : [A]
Total profits under the "Graduated First-Dollar-of-Profits" is : [B]
Total profits under the "Profitability Threshold Formula" is : [C]
Please answer A, B, and C. And please explain your steps clearly. Thank you!
The total profit sharing pool under: [A} First-Dollar of Profits formula is $1.5 million. [B] Graduated First-Dollar-of-Profits formula is $2.6 million. [C] Profitability Threshold Formula is $750,000.
Part 1:
A) First-Dollar of Profits formula:
The company agrees to share 3% of all profits up to $25 million.
Total profits under the "First-Dollar of Profits" formula is:
Profit-sharing pool = 0.03 * $50 million (since the profits are above $25 million)
Profit-sharing pool = $1.5 million
B) Graduated First-Dollar-of-Profits formula:
The company agrees to share 4% of all profits up to $20 million, and 6% of all profits up to $45 million.
Total profits under the "Graduated First-Dollar-of-Profits" formula is:
Profit-sharing pool = (0.04 * $20 million) + (0.06 * $30 million) [because there's an additional $30 million beyond the first $20 million, and the profits are within the $45 million limit]
Profit-sharing pool = $800,000 + $1,800,000
Profit-sharing pool = $2.6 million
C) Profitability Threshold Formula:
The company agrees to share 5% of all profits above $20 million up to $35 million.
Total profits under the "Profitability Threshold Formula" is:
Since the company's profit is $50 million, it exceeds the limit of $35 million. Therefore, the profit-sharing pool will only be calculated for the $15 million between $20 million and $35 million.
Profit-sharing pool = 0.05 * $15 million
Profit-sharing pool = $750,000
In summary:
[A] The total profit-sharing pool under the "First-Dollar of Profits" formula is $1.5 million.
[B] The total profit-sharing pool under the "Graduated First-Dollar-of-Profits" formula is $2.6 million.
[C] The total profit-sharing pool under the "Profitability Threshold Formula" is $750,000.
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at a monopolist's current output, atc = $10, p = $11, mc = $8 and mr = $7. this firm is realizing:
At a monopolist's current output, the average total cost (ATC) is $10, the price (P) is $11, the marginal cost (MC) is $8, and the marginal revenue (MR) is $7. This firm is realizing economic profits because the price is higher than the ATC. In other words, the monopolist is charging a price that exceeds the cost of producing one more unit.
Moreover, the marginal revenue is less than the price, indicating that the monopolist is experiencing diminishing returns. This is because the firm is charging a higher price for each additional unit of output, but the revenue generated from each additional unit sold is decreasing.
Overall, the monopolist is operating in an imperfectly competitive market, where it has the power to set prices above the cost of production. This leads to economic inefficiencies such as reduced consumer surplus and decreased output compared to a perfectly competitive market. However, from the monopolist's perspective, this situation is beneficial because it allows them to earn economic profits in the short run.
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a technological improvement in agriculture makes it possible to grow three times as much wheat per acre as had been possible in the past. the most likely result will be
A technological improvement in agriculture makes it possible to grow three times as much wheat per acre as had been possible in the past, then the most likely result will be an increase in the supply of wheat.
Assuming that the demand for wheat remains constant, the increase in supply will lead to a decrease in the price of wheat. This is because the market will be flooded with more wheat than people are willing to buy at the current price. As a result, farmers will have to lower their prices to sell their wheat, which will lead to a decrease in the price of wheat.
However, it is important to note that the increase in supply may also lead to an increase in demand. As the price of wheat decreases, more people may be willing to buy it, leading to an increase in demand. This may offset some of the downward pressure on the price of wheat.
Overall, the most likely result of a technological improvement in agriculture that increases wheat productivity will be an increase in the supply of wheat, leading to a decrease in the price of wheat.
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Other things the same, which of the following could explain a rise in Sweden's net capital outflow?A. interest rates on Swedish bonds riseB. the probability of default on Swedish bonds risesC. Sweden enacts a law reducing taxes on income earned by foreign-owned businessesoperating in SwedenD. None of the above are correct.
Sweden enacts a law reducing taxes on income earned by foreign-owned businesses operating in Sweden could explain a rise in Sweden's net capital outflow. Therefore the correct option is option C.
The difference between the quantity of capital flowing out of a country and the amount of money flowing in is referred to as net capital outflow.
Tax cuts for foreign-owned enterprises operating in Sweden would make it more appealing for foreign investors to invest in Sweden, resulting to an increase in capital outflow from the country.
Option A is erroneous because rising interest rates on Swedish bonds would draw more capital inflows rather than outflows.
Option B is erroneous because increasing the likelihood of default on Swedish bonds reduces the attractiveness of Swedish bonds and reduces capital inflows but not necessarily increasing net capital outflows. Therefore the correct option is option C.
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to compute total factor productivity, managers must express all inputs in terms of ________.
To compute total factor productivity, managers must express all inputs in terms of their economic value.
Economic value is a measure of the worth of an input or output in terms of its monetary value and is an essential concept for calculating productivity. Inputs such as labor, capital, materials, and energy must all be assigned a monetary value, so they can be compared and aggregated in the productivity calculation. By assigning a value to each input, managers can determine which inputs are most cost-effective and efficient, and identify areas for improvement.
Expressing inputs in terms of their economic value also allows managers to assess the impact of changes in input prices on productivity. For example, if the price of labor increases, managers can calculate the effect of this increase on productivity by recalculating the value of labor in the productivity calculation. This approach enables managers to make informed decisions about how to allocate resources and improve productivity, leading to increased profitability and competitiveness.
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which would be an appropriate cost driver for the machining activity cost pool? question 22 options: 1) machine setups 2) purchase orders 3) machine hours 4) inspections
Based on the options given, an appropriate cost driver for the machining activity cost pool would be "machine hours."
This is because the cost of running and maintaining the machines used for machining is directly related to the number of hours they are used. The more hours a machine is used, the more it will need to be serviced and repaired, and the more it will contribute to the overall cost of the machining activity. Therefore, using machine hours as the cost driver for this cost pool would provide a more accurate and relevant basis for allocating costs to products or services that require machining.
The most appropriate cost driver for the machining activity cost pool would be option 3) machine hours. This is because machine hours directly correlate to the amount of time and resources used in the machining process.
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the word ________ resembles the word financial, which makes sense because both involve money.
The word "fiscal" resembles the word "financial," which makes sense because both terms are related to money management.
What is Fiscal?Fiscal primarily refers to government revenue and expenditure, such as taxes, public spending, and budgeting. Financial, on the other hand, is a broader term that encompasses various aspects of finance, including personal, corporate, and public finances.
Both fiscal and financial policies are essential in maintaining a stable economy and ensuring the efficient allocation of resources.
Fiscal policy involves the government's decisions on taxation and public spending to influence economic growth and stability.
Financial policy, which can include interest rates and lending regulations, is set by financial institutions to manage and facilitate the flow of capital in the market.
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a gomphosis is formed by the ________ ligament that holds a tooth in its socket
A gomphosis is formed by the periodontal ligament, which holds a tooth in its socket.
The periodontal ligament is a fibrous connective tissue that surrounds the root of the tooth and attaches it to the bone of the jaw. It is composed of collagen fibers that provide support and stability to the tooth, as well as blood vessels and nerves that supply the tooth with nutrients and sensation.
The gomphosis joint is a type of fibrous joint that is immovable, meaning that the tooth is firmly anchored in place and cannot move independently. The periodontal ligament is essential for maintaining the integrity of the tooth and supporting its function in the oral cavity.
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after which phase of the analytic lifecycle should be able to share a draft of an analytic plan?
After the data exploration phase of the analytic lifecycle, the analyst should be able to share a draft of their analytic plan. During the data exploration phase, the analyst would have reviewed the data and identified any data quality issues or anomalies that need to be addressed before proceeding with the analysis.
They would have also gained a good understanding of the variables and relationships in the data, which will inform the analytical approach they take. With this knowledge, the analyst can then draft an analytic plan that outlines the problem to be solved, the variables to be analyzed, the methods to be used, and the expected outcomes. This plan can then be shared with stakeholders, such as managers or clients, to ensure that the analysis is aligned with their needs and expectations.
Sharing a draft of the analytic plan at this stage allows for feedback and revisions to be made before moving on to the actual analysis, which can save time and resources in the long run. It also ensures that the analysis is focused on answering the right questions and producing meaningful insights.
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the ________ method provides an estimate of the cfus (colony-forming units) in a sample
The B) viable plate-count method provides an estimate of the CFUs (colony-forming units) in a sample.
This method involves diluting the sample and plating a small amount of the diluted sample onto an agar plate. The plates are then incubated under specific conditions, allowing any viable cells to grow and form colonies that can be counted.
This method is widely used in microbiology and is considered one of the most accurate methods for determining bacterial populations. However, it is important to note that not all bacteria will grow under the conditions used in this method, and some bacteria may form clusters or biofilms that can make counting difficult. Therefore, it is important to use this method in conjunction with other methods, such as direct microscopic count or turbidity measurements, to get a more complete picture of the bacterial population in a sample.
Overall, the viable plate-count method is a reliable and widely used technique for estimating bacterial populations and is an essential tool in many fields, including food microbiology, clinical microbiology, and environmental microbiology. Therefore, option B is correct.
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The ________ method provides an estimate of the CFUs (colony-forming units) in a sample
A) Coulter-counter
B) viable plate-count
C) streak-plate
D) turbidity
E) direct microscopic-count
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For each of the following scenarios, select whether an asset has been impaired (Y for yes and N for no) and, if so, the amount of loss that should be recorded. Book Value Estimated Future Cash Flows Fair Value Is Asset Impaired? Amount of Loss a. Machine $ 10,550 b. Copyright c. Factory building d. Building 15,900 $ 31,400 58,550 227,300 10,500 $ 41,550 29,300 227,400 38,200 27,850 200,300
The amount of asset loss is $10,500, which is the difference between the fair value and the carrying value of the building.
a. Machine - Y, $10,500
The machine has been impaired because its fair value ($31,400) is less than its book value ($10,550) and estimated future cash flows ($58,550). The amount of loss is $10,500, which is the difference between the fair value and the carrying value of the machine.
b. Copyright - N
The copyright has not been impaired because its fair value ($29,300) is greater than its book value ($200,300).
c. Factory building - N
The factory building has not been impaired because its fair value ($38,200) is greater than its book value ($27,850).
d. Building - Y, $10,500
The building has been impaired because its fair value ($227,400) is less than its book value ($15,900) and estimated future cash flows ($227,300). The amount of loss is $10,500, which is the difference between the fair value and the carrying value of the building.
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360-degree performance feedback focuses on those sources of sales performance measures that can be observed most closely, within a 360-degree radius. group of answer choices true false
The statement "360-degree performance feedback focuses on those sources of sales performance measures that can be observed most closely, within a 360-degree radius" is true or false. The correct answer is: true.
360-degree performance feedback is a method of gathering feedback from multiple sources, including peers, subordinates, superiors, and customers. It is not limited to sources within a 360-degree radius or those that can be observed most closely.
360-degree performance feedback is a comprehensive approach to evaluating an individual's performance by gathering input from various sources, including supervisors, peers, subordinates, and even customers. This method provides a well-rounded view of an individual's strengths and areas for improvement.
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a service had 1320 customers in one week, with 220 labor hours. the next week, the service had 1380 customers with 200 labor hours. (show your calculations please for partial credit). a) what was the productivity for both periods? b) what was the productivity growth/decline (%) from period 1 to period 2? add a brief narrative that explains the productivity increase or decrease based on the information that you have.
Based on the information we have, it seems that the service was able to increase its productivity by serving more customers per hour in the second week. the service was able to serve more customers in less time,
a) To calculate productivity, we need to divide the number of customers served by the number of labor hours. So for the first week, productivity was 1320/220 = 6 customers per hour. For the second week, productivity was 1380/200 = 6.9 customers per hour.
b) To calculate productivity growth/decline, we need to find the percentage change between the two weeks. We can use the following formula: ((new value - old value) / old value) x 100. So in this case, ((6.9 - 6) / 6) x 100 = 15% growth in productivity from period 1 to period 2.
This could be due to a number of factors such as more efficient processes, better scheduling, or improved training for employees. By increasing productivity,
An investment is a purchase undertaken with the intention of increasing one's capital or turning a profit. The term "appreciation" describes a rise in an asset's worth over time. When someone buys a thing, they don't buy it to use it right away; they buy it to use it to make money down the road. The use of a resource today, such as time, money, effort, or an item, with the hope of receiving a return higher than the initial input is known as investing.
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On December 31, 2019, the balances of the accounts appearing in the ledger of Wyman Company are as follows: Cash Accounts Recevable Merchandise Inventory, January 1, 2019 Estimated Returns Inventory Office Supplies Prepaid Insurance Land Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Orrice Equipment Accounts Payable Customer Refunds Payable Salaries Payable Uneamed Rent Notes Payable Shirley Wyman, Capital Shirley Wyman, Drawing Sales $13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 55,900 78,500 16,000 27,800 50,000 3,000 8,300 50,000 515,600 25,000 3,280,000 2,650,0OD 93,000 37,000 18,000 300,000 45,000 9,000 6,000 12,000 175,000 28,000 3,000 2,000 1,500 3,500 7,000 2,000 Purchases Returns and Alowances Freight In Sales Salaries Expense Advertising Expense Delivery Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Rent Revenue Interest Expense
The balances of the accounts provide a snapshot of the financial health of Wyman Company at the end of the year, which can be used to prepare financial statements and analyze the company's performance over time.
Based on the information provided, it appears that Wyman Company is a retail business that sells merchandise. The balances of the accounts at the end of the year provide important information for preparing financial statements and analyzing the company's performance.
The current assets of the company include cash, accounts receivable, merchandise inventory, estimated returns inventory, office supplies, and prepaid insurance. The merchandise inventory is the largest current asset, indicating that the company is heavily invested in selling products.
The noncurrent assets include land, store equipment, and office equipment. The depreciation accounts show that the company has been using the store and office equipment for some time.
The current liabilities include accounts payable, customer refunds payable, salaries payable, and unearned rent. The notes payable account indicates that the company has taken on debt, possibly to finance the purchase of the store and office equipment.
The owner's equity section includes Shirley Wyman's capital account and her drawing account. The sales revenue account is the largest income account, indicating that the company generated significant revenue during the year.
The expense accounts include purchases returns and allowances, freight in, sales salaries expense, advertising expense, delivery expense, miscellaneous selling expense, office salaries expense, rent expense, insurance expense, office supplies expense, and miscellaneous administrative expense. The interest expense account indicates that the company has borrowed money and is paying interest on that debt.
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a visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a(n)
A visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a bill of materials (BOM).
A bill of materials is essentially a detailed list of all the parts, materials, and components required to manufacture or assemble a product. It serves as a crucial document for manufacturers, as it helps them to plan and manage their production processes more effectively.
A Bill of Materials (BOM) is a comprehensive list of parts, items, assemblies, and other materials required to create a product. It also includes instructions and quantities needed for each component. This visual representation helps manufacturers plan and manage the production process efficiently.
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Find the specified areas for a Upper N left-parenthesis 0 comma 1 right-parenthesis density.(a) The area below z equals 1.01. Round your answer to three decimal places.(b) The area above z equals -1.6. Round your answer to three decimal places.(c) The area between z equals 1.1 and z equals 2.1. Round your answer to three decimal places.
For a standard normal distribution with mean 0 and standard deviation 1, the specified areas are approximately: (a) 0.843, (b) 0.945, and (c) 0.118.
Normal DistributionTo find the specified areas for a standard normal distribution with a mean of 0 and a standard deviation of 1, we can use a standard normal distribution table or a statistical calculator. Here are the solutions to the given questions:
(a) The area below z = 1.01:
Using a standard normal distribution table or calculator, we find that the area to the left of z = 1.01 is approximately 0.8438.
Therefore, the area below z = 1.01 is 0.843 (rounded to three decimal places).
(b) The area above z = -1.6:
Since the standard normal distribution is symmetric, the area above z = -1.6 is equal to the area below z = 1.6. Using a standard normal distribution table or calculator, we find that the area to the left of z = 1.6 is approximately 0.9452.
Therefore, the area above z = -1.6 is 0.945 (rounded to three decimal places).
(c) The area between z = 1.1 and z = 2.1:
To find the area between two z-scores, we need to find the difference between the areas to the left of each z-score. Using a standard normal distribution table or calculator, we find that the area to the left of z = 1.1 is approximately 0.8643, and the area to the left of z = 2.1 is approximately 0.9821.
Therefore, the area between z = 1.1 and z = 2.1 is 0.9821 - 0.8643 = 0.118 (rounded to three decimal places).
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in the case study of melissa robinson, melissa was able to steal over $60,000 from her employer. why was she able to commit her fraud without detection?
Melissa Robinson was able to commit her fraud without detection due to a number of factors. One of the main factors was her position within the company.
As the bookkeeper, she had access to financial records and was responsible for managing the company's finances. This gave her a level of trust and autonomy that allowed her to carry out her fraud undetected for a significant period of time.
Additionally, Melissa was able to cover up her fraudulent activities by manipulating the financial records. She used a variety of techniques such as altering checks, creating false invoices, and manipulating accounting software to hide her theft. This made it difficult for anyone to detect fraud, even during routine audits or financial reviews.
Another contributing factor was the lack of oversight and internal controls within the company. There were no checks and balances in place to prevent or detect fraudulent activities. This lack of oversight allowed Melissa to continue her fraudulent activities unchecked.
Furthermore, Melissa was able to exploit the trust and loyalty of her employer. She had been working for the company for many years and had built a strong relationship with her employer. This made it easier for her to gain access to the company's financial records and cover up her fraudulent activities.
Overall, the combination of Melissa's position within the company, her ability to manipulate financial records, the lack of oversight and internal controls, and the trust and loyalty of her employer all contributed to her ability to commit fraud without detection.
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a company purchased a crane for use in its construction building activity at a cost of $150,000. the crane was used for 5 years when its accumulated depreciation was $60,000, and it was replaced with a new model at a cost of $200,000. the old crane was sold for $80,000. what was the gain or loss on the sale of the old crane?
The company incurred a loss of $10,000 on the sale of the old crane.
To calculate the gain or loss on the sale of the old crane, we need to determine its book value. The book value of the crane can be calculated by subtracting its accumulated depreciation from its original cost.
The original cost of the crane = $150,000
Accumulated depreciation = $60,000
Book value of the crane = $150,000 - $60,000 = $90,000
The old crane was sold for $80,000, which is less than its book value of $90,000. Therefore, the company incurred a loss on the sale of the old crane.
The amount of the loss can be calculated by subtracting the sale price from the book value:
Loss on sale of old crane = Book value - Sale price
Loss on sale of old crane = $90,000 - $80,000
Loss on sale of old crane = $10,000
Therefore, the company incurred a loss of $10,000 on the sale of the old crane.
To find the gain or loss on the sale of the old crane, we need to follow these steps:
1. Determine the original cost of the old crane: $150,000.
2. Calculate the accumulated depreciation: $60,000.
3. Find the net book value (original cost - accumulated depreciation): $150,000 - $60,000 = $90,000.
4. Identify the sale price of the old crane: $80,000.
5. Calculate the gain or loss on the sale (sale price - net book value): $80,000 - $90,000 = -$10,000.
The company experienced a loss of $10,000 on the sale of the old crane.
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