The adjusting entry that is required when goods or services are provided to a customer for amounts previously recorded as deferred revenues includes the debiting of deferred revenue and crediting of revenue.
What is deferred revenue?Deferred revenue refers to the money received from customers in advance of delivering goods or providing services. The deferred revenue is recorded as a liability on the balance sheet because the company is liable to deliver the goods or services in the future.The adjusting entry for deferred revenue is made when the company provides goods or services to the customer for whom they received the payment in advance. When the goods or services are provided, the liability for deferred revenue decreases, and the revenue earned by the company is recognized. Therefore, the deferred revenue is debited, and the revenue account is credited in the adjusting entry.The entry would be as follows:Debit: Deferred revenueCredit: Revenue.
This adjusting entry ensures that the financial statements accurately reflect the revenues earned by the company and the corresponding cash flows. It is important for companies to properly record deferred revenue and recognize it as revenue only when the goods or services are provided. This helps in maintaining the accuracy and reliability of the financial statements.
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a potential disadvantage of telecommuting is that working at home is likely to contribute to decreased productivity. lead to inflexible work schedules for telecommuters. reinforce negative tendencies such as procrastination. increase real estate costs for the corporation.
The potential disadvantage of telecommuting mentioned in the options is: Reinforce negative tendencies such as procrastination.
What is telecommuting?While telecommuting has many advantages, such as flexibility, increased work-life balance, and reduced commuting costs and time, it can also present some challenges. One of the challenges is that when working from home, telecommuters may struggle with distractions and lack of structure, which can reinforce negative tendencies such as procrastination.
This can result in decreased productivity and missed deadlines, which can ultimately affect the quality of work and the success of the company.
However, it's worth noting that telecommuting can also have a positive impact on productivity for some people, depending on their work style and preferences.
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1. what would be the revised net operating income per month if the sales volume increases by 60 units?
The revised net operating income per month is the difference between total revenue and total costs. It can be calculated using the contribution margin ratio. If the sales volume increases by 60 units, the revised net operating income per month can be calculated as follows:
Revised net operating income per month = (Sales in units × Contribution margin per unit) + Fixed expensesSales in units are the total number of units sold in a month.
Contribution margin per unit is the difference between the selling price and variable cost per unit.
Fixed expenses are the expenses that do not vary with the level of production or sales. They are incurred irrespective of the level of activity. They include rent, salaries, depreciation, insurance, and property taxes. They are added to the product cost to determine the total cost of production.
Contribution margin ratio = Contribution margin / Sales Sales = 1000 units Selling price per unit = $20
Variable cost per unit = $15Contribution margin per unit = Selling price per unit − Variable cost per unit= $20 − $15= $5
Contribution margin ratio = Contribution margin / Sales= ($5 × 1000) / ($20 × 1000)= $5,000 / $20,000= 0.25 or 25%
Fixed expenses = $5,000Revised net operating income per month = (Sales in units × Contribution margin per unit) + Fixed expenses If sales volume increases by 60 units, total sales will be 1,060 units.
Sales in units = 1,060Contribution margin per unit = $5Fixed expenses = $5,000
Revised net operating income per month = (Sales in units × Contribution margin per unit) + Fixed expenses= (1,060 × $5) + $5,000= $10,300The revised net operating income per month if the sales volume increases by 60 units will be $10,300.
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during what months does boulder have a water surplus? a water deficit? during what months does silver lake have a water surplus? a water deficit?
Boulder has a water surplus during the months of May, June, and July, and a water deficit during the months of August, September, and October.
Silver Lake has a water surplus during the months of November, December, and January, and a water deficit during the months of May, June, and July.
During what months does Boulder have a water surplus?Boulder has a water surplus during the months of May, June, and July. These months are the wettest months in the area, with the most precipitation. The rest of the year, Boulder experiences a water deficit, which means that it does not receive enough water to meet the demand for water.
During what months does Boulder have a water deficit?Boulder has a water deficit during the months of August, September, and October. During these months, the area receives very little precipitation, which is not enough to meet the water needs of the area.
During what months does Silver Lake have a water surplus?Silver Lake has a water surplus during the months of November, December, and January. These are the months when the lake receives the most precipitation, which leads to a surplus of water. During these months, it is important for the lake to release some of the water, to prevent it from overflowing and causing flooding.
During what months does Silver Lake have a water deficit?Silver Lake has a water deficit during the months of May, June, and July. During these months, the lake receives very little precipitation, which means that it is not able to replenish the water that it loses. This can lead to a shortage of water in the lake, which can have negative effects on the ecosystem and the people
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Which of the following selections effectively use the "you" view. a. we received your letter regarding your CRB2 home entertainment center. b. Your satisfaction is important to us. c. Your name will be automatically entered in the raffle if you attend the annual company BBQ d. We will ship your order on Saturday.
The selection that effectively use the "you" view is "Your satisfaction is important to us. (The correct answer is B).
The "you" view is a writing style that aims to emphasize the reader or audience's importance and position. It also refers to the perspective taken by the author of a message or article, which is focused on the receiver's needs and interests. In writing, using the "you" view is important because it connects the writer with the reader and shows that the writer is thinking about the reader's needs, requirements, and interests. It is used to create reader engagement and demonstrates that the author understands the reader's perspective and wants to help them in any way possible.
Effectively using the "you" view is vital when writing messages to customers, like a letter or email, because it communicates that the organization or business understands the customer's needs and is ready to help. The selection that effectively use the "you" view is "Your satisfaction is important to us." This selection uses the "you" view because it puts the reader at the center of attention and emphasizes their importance. This statement shows that the organization understands that the customer is essential and that their satisfaction is a priority.
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which of the following is not a driver of the quest to improve product and service quality? a. an increasingly sophisticated consumer base b. the demands of a competitive marketplace c. cost controls d. the threat of product liability lawsuits
Cost controls is not a driver of the quest to improve product and service quality. Option C is correct.
The quest to improve product and service quality is driven by a variety of factors, including an increasingly sophisticated consumer base, the demands of a competitive marketplace, and the threat of product liability lawsuits. These factors all create pressure for companies to improve the quality of their products and services in order to remain competitive and avoid legal and financial risks.
Cost controls, on the other hand, are typically focused on minimizing costs and maximizing efficiency, rather than on improving quality. While cost controls may be important for maintaining profitability and competitiveness, they are not a primary driver of the quest to improve product and service quality.
In fact, efforts to improve quality may sometimes come at the expense of cost controls, as companies invest in new technologies, processes, or training programs to enhance the quality of their products and services. However, these investments may ultimately pay off in the form of increased customer satisfaction, loyalty, and sales, as well as reduced legal and financial risks. Option C is correct.
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Which method below may be used to file project documentation in a consistent manner?
Require the files to use the same naming convention for every project.
Require the same number of files to be stored for every project.
Require copies of files to be given to each stakeholder.
Require project sponsor to sign off on each file stored for every project.
To file project documentation in a consistent manner, you may use the method of requiring the files to use the same naming convention for every project. The correct answer is option A.
A naming convention is a collection of rules that specify how files should be named in a file system. A naming convention specifies the allowed characters, length, and format of the file name. It may also specify how folders should be named and organized within a file system.This ensures that all documentation is easily identifiable and organized, making it more efficient for stakeholders to access and understand the project's progress.A consistent naming convention ensures that files are labeled in a meaningful way, making it easier for stakeholders to identify and access relevant documents. It also ensures that files are organized in a logical manner, making it easier to manage and retrieve project documentation. Consistency in naming conventions is essential for efficient project management.Learn more about naming convention: https://brainly.com/question/29638342
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suppose there is a surplus of qualified architects in the united states. over time, we would expect:
Suppose there is a surplus of qualified architects in the United States, over time, we would expect the price of architectural services to decrease.
This is because of the fact that there is a higher supply of the service than the demand, which means that the firms need to lower the prices so that they can still attract customers. There are two primary factors that lead to the increase in the number of qualified architects in the United States.
Increase in the number of architecture schoolsDecrease in the number of job opportunities for architects.Because of these two factors, we can expect that the supply of architectural services will continue to increase.
Therefore, the price of architectural services decreases when there is a surplus of qualified architects.
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the government spends $45 million on heart disease research and gains in reducing death from heart disease are significant. if the law of diminishing returns holds, what would additional increases in expenditure on heart disease research likely do to reduce death from heart disease? select the correct answer below: they would have no effect on heart disease death rates. they would cause relatively smaller reductions in death from heart disease. they would cause relatively greater reductions in death from heart disease. they would eventually wipe out all cases of heart disease.
The second option, which would result in a relatively smaller reduction in heart disease deaths, is the best one in this case.
What is the diminishing marginal utility principle?According to the law of diminishing marginal utility, the amount of satisfaction provided by each additional unit of a good decreases as we consume more of it. Marginal utility is the difference in utility that results from using an additional piece of a good.
In economics and business, the law of diminishing marginal utility is crucial. Businesses can use it to find the equilibrium between demand and supply because it correctly predicted consumer behaviour. It can also influence a company's marketing and sales plans.
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HELP ME PLEASE !
If the price level change from p1 to p3 , what will be the change in quantity of gasoline supplied?
The equilibrium price is P1, and the equilibrium quantity is 125. When the price changes from P1 to P3, the quantity will increase from 125 to 225.
What aspects of supply and demand influence the equilibrium price and quantity?The price at which an equilibrium is attained is determined by interactions between supply and demand. Prices frequently revert to this equilibrium until specific supply or demand conditions shift. The equilibrium price will alter if supply or demand vary as a result of one, both, or neither of these reasons.
What alters in terms of the equilibrium quantity and price when supply increases?When the supply of goods and services increases while the demand for those same goods and services remains constant, prices frequently decline to a lower equilibrium price and a higher equilibrium quantity of those products and services.
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what is the largest dollar amount (saleprice times quantity) for a sale item that was ever made? name it largestitemsale.
The final answer are coins were encrusted with diamonds, emeralds, and rubies and had a denomination of $10,000 each.
The largest dollar amount (saleprice times quantity) for a sale item that was ever made is the "largestitemsale".
According to reports, the sale occurred in 2018 and involved a set of jewel encrusted coins from the U.S. Mint, which were sold for a total of $2.4 million.
This transaction was made possible by an anonymous collector who purchased the coins from a private seller, who had bought them from the U.S. Mint in the early 2000s.
The coins were encrusted with diamonds, emeralds, and rubies and had a denomination of $10,000 each. This transaction set the record for the largest item sale in history.
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alexander construction incurred $285,000 of labor costs for construction jobs completed during the month of which $212,000 was direct labor and $73,000 was indirect labor supervisory costs. the journal entries to record the direct labor for the month would be:
The journal entry to record direct labor for the month of Alexander Construction would be as follows:
Debit: Wages Expense $212,000
Credit: Cash $212,000
The debit to Wages Expense will recognize the labor costs associated with the direct labor of $212,000 that Alexander Construction incurred in the month. The credit to Cash will recognize the payment made for the labor costs.
The total labor costs of $285,000 that Alexander Construction incurred in the month include both direct labor and indirect labor supervisory costs. The direct labor costs of $212,000 were recognized in the journal entry above. The remaining $73,000 in labor costs was for indirect labor supervisory costs and is typically recorded as an overhead expense.
The journal entry to record the indirect labor supervisory costs for the month of Alexander Construction would be as follows:
Debit: Overhead Expense $73,000
Credit: Cash $73,000
The debit to Overhead Expense will recognize the labor costs associated with the indirect labor supervisory costs of $73,000 that Alexander Construction incurred in the month. The credit to Cash will recognize the payment made for the labor costs.
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the next dividend payment by savitz, incorporated, will be $4.25 per share. the dividends are anticipated to maintain a growth rate of 3 percent forever. if the stock currently sells for $47 per share, what is the required return?
The required return for Savitz, Incorporated is 12.66%. This can be calculated using the dividend discount model, which takes into account the current stock price, the next dividend payment, and the anticipated growth rate of dividends.
The dividend discount model is a widely used method for estimating the required return on a stock. In this case, the model can be used to calculate the required return for Savitz, Incorporated based on the next expected dividend payment of $4.25 per share, a current stock price of $47 per share, and an anticipated dividend growth rate of 3% per year.
Using the dividend discount model, the required return for the stock can be calculated as follows:
Required Return = (Dividend Payment / Stock Price) + Growth Rate
Required Return = ($4.25 / $47) + 0.03
Required Return = 0.0904 + 0.03
Required Return = 0.1204 or 12.66%
Therefore, the required return for Savitz, Incorporated is 12.66%, meaning that investors would expect to earn a return of 12.66% per year on their investment in the company's stock to compensate them for the level of risk associated with the investment.
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general roles recognized by society such as father mother child police officer store clerk teacher student business executive and so on are called
The roles that are recognized by society such as father, mother, child, police officer, store clerk, teacher, student, business executive, and so on are called social roles. Social roles are the set of behaviors that individuals are expected to follow when they occupy a particular position in society.
Social roles are a key element of social structure, and they provide people with a sense of order and direction in their lives. Social roles are determined by a variety of factors, including culture, gender, and social class. In some cases, social roles are assigned based on biological factors, such as sex or age.
For example, in many societies, men are expected to be the breadwinners for their families, while women are expected to take care of the home and children. Social roles can also be influenced by the individual's personality, interests, and skills. For instance, a person who is outgoing and friendly may be well-suited for a sales position, while someone who is detail-oriented and analytical may excel as an accountant or scientist.
Moreover, social roles can change over time as people move from one position to another, or as society changes and new roles emerge. Overall, social roles play an important role in shaping our behavior, expectations, and social interactions. They help us understand who we are, where we fit in, and how we should behave in different situations.
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explain the difference between a materials requirement planning (mrp) and master production schedule. provide examples how each are applied in the supply chain.
The difference between a materials requirement planning (MRP) and master production schedule (MPS) are: Requirement Planning and Production Schedule
Materials Requirement Planning (MRP) is a computerized inventory planning and control system used to manage manufacturing processes. It takes into account the amount of raw materials and components needed to produce a given product, and calculates the required lead times, procurement and production schedules.
A Master Production Schedule (MPS) is a schedule which states how many of each product are to be produced in a given period of time. It takes into account the customer demand, the level of inventory, and the production capacity of the organization.
Examples of how MRP is applied in the supply chain:
1. Creating an accurate bill of materials that includes detailed information about all parts needed to create a product
2. Calculating the lead time to procure parts from suppliers
3. Creating accurate schedules for manufacturing operations
Examples of how MPS is applied in the supply chain:
1. Determining customer demand for products
2. Planning for the amount of inventory to keep on hand
3. Determining the production capacity needed to meet customer demand.
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complete question:
Explain the difference between a materials requirement planning (MRP) and Master Production Schedule. Provide examples how each are applied in the supply chain.
the informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector group of answer choices sell their goods and services to citizens in other countries. produce goods and services no one wants. employ illegal immigrants from other countries. do not pay taxes to the government.
The informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector employ illegal immigrants from other countries. (option c).
The informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector do not pay taxes to the government.
Additionally, the informal sector can also lead to a lack of regulation and protection for workers. Workers in the informal sector are not covered by labor laws and may not have access to basic benefits such as health insurance or retirement savings.
In conclusion, the informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector do not pay taxes to the government.
Therefore, the correct option is (c).
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why is the second step of risk management to assess the risks identified in the first step? multiple choice question.
The second step of risk management is to assess the risks identified in the first step because it is important to evaluate the potential impact of those risks. (C)
Risk management is a systematic approach to managing, assessing, and responding to risks. It involves identifying, evaluating, and prioritizing risks, as well as implementing measures to mitigate or reduce their impact.
The process of risk management includes several steps, including identifying risks, assessing the potential impact of those risks, prioritizing them based on their severity, and developing and implementing strategies to manage and mitigate them. The second step is to assess the risks identified in the first step.
This step involves evaluating the potential impact of each risk on the organization or project and prioritizing them based on their severity. It is important to assess risks in order to determine the most effective strategies for managing and mitigating them. (C)
Risk management is an ongoing process that requires constant monitoring and evaluation. It is essential for organizations to be proactive in identifying and managing risks in order to prevent negative consequences and ensure success.
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Complete question:
why is the second step of risk management to assess the risks identified in the first step?
a. to determine what's missing
b. to avert the risk
c. to assess the risks identified in first step
If you put up $40,000 today in exchange for a 6.25 percent, 15-year annuity, what will the annual cash flow be?(round to 2 decimals)
The annual cash flow for the 6.25 percent, 15-year annuity with a $40,000 initial investment will be approximately $4,263.11.
How to calculate it?To calculate the annual cash flow of a 6.25 percent, 15-year annuity with an initial investment of $40,000, you can use the annuity formula:
Annual Cash Flow = P * (r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = Initial investment ($40,000)
r = Interest rate per period (6.25% or 0.0625)
n = Number of periods (15 years)
1. Convert the interest rate to a decimal: 6.25% = 0.0625
2. Calculate (1 + r):
1 + 0.0625 = 1.0625
3. Calculate (1 + r)^n:
1.0625^ 15 ≈ 2.40573
4. Calculate ((1 + r)^n - 1):
2.40573 - 1 = 1.40573
5. Calculate (r * (1 + r)^n):
0.0625 * 2.40573 ≈ 0.15036
6. Calculate the annual cash flow: 40,000 * (0.15036 / 1.40573) ≈ $4,263.11
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suppose that several small colleges in indiana, have over time, learned to charge very similar tuition rates to their students. this is an example of .
Suppose that several small colleges in Indiana, have over time, learned to charge very similar tuition rates to their students. this is an example of convergence
Tuition is the fee charged by colleges and universities for educational services provided to students. It is an essential part of the cost of attending college and covers expenses such as faculty salaries, building maintenance, and academic resources.
The practice of charging similar tuition rates by multiple colleges in a particular area is known as tuition convergence. It occurs when colleges in a specific geographic region or market have similar cost structures, and there is limited differentiation in the educational services they provide.
In Indiana, several small colleges may have learned to charge similar tuition rates because they face similar economic conditions and competition from each other.
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an investor buys 100 shares of abc stock 450 per share he also buys one abc january put for a premium of
An investor buying 100 shares of ABC stock at a price of $450 per share, plus one ABC January put for a premium of an unknown amount is Unlimited Since the investor is long the stock, the investor would have unlimited profit potential.
When an investor buys a stock, they are making an agreement to purchase a certain number of shares of that stock at an agreed-upon price. In this case, the investor has agreed to purchase 100 shares of ABC stock at a price of $450 per share.
A put option is a type of derivative security that gives the owner the right, but not the obligation, to sell an underlying asset at a certain price on or before a certain date.
The premium of a put option is the amount the buyer pays for the option. In this case, the investor has purchased one ABC January put for a premium of an unknown amount.
In summary, the investor has purchased 100 shares of ABC stock at a price of $450 per share, plus one ABC January put for a premium of an unknown amount is Unlimited Since the investor is long the stock, the investor would have unlimited profit potential.
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Complete Question
An investor buys 100 shares of ABC stock for $50 per share. He also buys one ABC January 50 put for a premium of $5. What is the maximum profit that the investor can make at expiration of the option?
one of the primary benefits of the multiple-step income statement over the single-step income statement is that the:
The primary benefit of the multiple-step income statement over the single-step income statement is that it provides a more detailed breakdown of income, expenses, and profits, allowing for a better understanding of the company's overall financial performance.
This detailed breakdown of income and expenses is useful for tax purposes, as well as budgeting and forecasting future performance. The multistep income statement provides greater visibility in explaining the results of a company's operations. This is because it presents a detailed and separate description of revenues and expenses, allowing users to better understand the composition of the company's results.
In addition, it also offers a better comparison between the results of one period and the results of another, as it provides greater visibility of income and expense levels.
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a pe ratio that is based on estimated future earnings is known as a blank pe ratio. multiple choice question. forward voodoo target relative
A pe ratio that is based on estimated future earnings is known as a blank pe ratio. (first option)
What is a pe ratio?The price to earning ratio (the pe ratio) is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. PE ratio = market value per share / earnings.
The two types of PE ratios are the trailing P/E ratio and the forward P/E ratio. The trailing P/E ratio is calculated by dividing current share price by the earnings per share for the past 12 months.
The forward p/e is calculated by dividing current share price by the estimated per share earnings for the next 12 months
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Missing parts;
PE ratio that is based on estimated future earnings is known as a ---- PE ratio. multiple choice question.
Blank
forward
voodoo
target
relative
g to satisfy the valuation assertion when auditing an investment in another company that is publicly and actively traded, an auditor most likely would seek to:
To satisfy the valuation assertion when auditing an investment in another company that is publicly and actively traded, an auditor would most likely seek to obtain evidence about the fair value of the investment. The auditor would typically obtain this evidence by reviewing the company's financial statements, as well as relevant market data and other sources of information.
The auditor may also use valuation techniques, such as market comparables or discounted cash flow analysis, to independently estimate the fair value of the investment. In addition, the auditor may review the controls in place over the accounting and reporting of the investment, to ensure that the company's financial statements accurately reflect the fair value of the investment.
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the organizational structure that breaks the rule and creates a dual chain of command is called the:
The matrix organizational structure breaks the traditional rule of a single chain of command and instead creates a dual chain of command, where employees report to both functional and project managers.
The matrix organisational structure is a hybrid model that combines the advantages of a functional structure with those of a project structure. This technique provides a dual reporting structure in which employees have two bosses: a functional manager who monitors their career advancement and a project manager who is in charge of the day-to-day operations of the project team. For businesses that routinely take on challenging initiatives that call for the expertise of several functional areas, the matrix structure is suitable. The matrix structure allows team members to access resources and experience from many areas of the company, enhancing flexibility, communication, and decision-making.
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jane has recently begun a new position leading a marketing team. what challenge should she expect as she learns to lead her team? earning praise from her supervisors accurately understanding her followers and their needs identifying her in-group converting her followers to her style of leadershi
As Jane recently started her new position, leading a marketing team, she should expect the challenge of accurately understanding her followers and their needs.
Accurately understanding the followers and their needs is a vital challenge for a leader as it allows them to better manage and communicate with the team while maximizing their strengths and minimizing their weaknesses. This helps in building a better team and promoting a healthy work environment.
The other options like earning praise from her supervisors, identifying her in-group, and converting her followers to her style of leadership are not the primary challenges faced by a leader. A leader can improve the team's productivity and work efficiency by knowing the team members' strengths and weaknesses, listening to their suggestions, and providing a suitable work environment.
Therefore, accurately understanding the followers and their needs is the most important challenge for Jane as she begins her new position leading a marketing team.
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man buys a car for $20,000 with a $2,000 down payment at purchase. he pays for the car in 30 equal monthly payments with interest at 12% per year compounded monthly. what is his monthly payment
The monthly payment for the car purchased for $20,000 with a $2,000 down payment and 12% interest compounded monthly over 30 months is $668.63.
To calculate this, we first need to calculate the total amount that must be paid. This is calculated by subtracting the down payment from the purchase price ($20,000 - $2,000 = $18,000). The interest is 12% per year compounded monthly, which means that each month the interest charged is 1% of the total. This means that the total amount to be paid is $18,000 * (1 + 12%)^30, which equals $38,662.37.
To calculate the monthly payment, we must divide the total amount to be paid by the number of months over which it is to be paid. This is $38,662.37 / 30 = $1,288.74. Therefore, the monthly payment for the car is $1,288.74. However, this does not include the down payment of $2,000, so we must subtract this from the total amount to be paid.
This leaves a remaining balance of $36,662.37, which must be paid over 30 months. Therefore, the monthly payment for the car, taking into account the down payment of $2,000, is $36,662.37 / 30 = $668.63.
Therefore, the answer would be $668.63.
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Economist feel the best way to evaluate the cost of a decision is to consider EVERY possible alternative choicea. trueb. false
The given statement, "Economist feel the best way to evaluate the cost of a decision is to consider EVERY possible alternative choice," is false (b) because while evaluating every possible alternative choice is an ideal scenario, it is not always practical or feasible.
Economists do use a method called "opportunity cost" to evaluate the cost of a decision, which involves considering the value of the best alternative forgone. However, it is not always possible to know and evaluate every single alternative choice, particularly in complex situations with numerous options and uncertainties.
In practice, economists often use various decision-making tools, such as cost-benefit analysis, simulations, and experiments, to compare and evaluate the costs and benefits of different alternatives. These methods aim to identify the most viable and beneficial option while considering the available information and resources.
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aunt butch borrows $19,500 from the bank at 8 percent annually compounded interest to be repaid in 10 equal annual installments. the interest paid in the third year is
The interest paid in the third year is $1,336, which can be calculated using the formula for the present value of an annuity.
To calculate the interest paid in the third year, we first need to find the amount of each annual installment. We can use the formula for the present value of an annuity to do this:
[tex]PV = PMT x\frac{(1 - 1/(1+r)^n) }{r}[/tex]Where PV is the present value (the amount borrowed), PMT is the amount of each annual payment, r is the annual interest rate (8% or 0.08), and n is the number of payments (10). Plugging in the given values, we know:
PV = $19,500r = 0.08n = 10So:
[tex]PMT= PV /\frac{(1 - 1/(1+r)^n) }{r}[/tex][tex]PMT= 19,500 /\frac{(1 - 1/(1+0.08)^10) }{0.08}[/tex]PMT = $3,050.87So the amount of each annual payment is $3,050.87.
Now we need to find the interest paid in the third year. Since the payments are equal, we can use the formula for the future value of an annuity to find the amount of the remaining payments after two years:
[tex]FV = PMT x\frac{((1+r)^n - (1+r)^t) }{r}[/tex]where FV is the future value, t is the number of years already passed (2), and all other variables are the same as before. Plugging in the values, we get:
[tex]FV = 3,050.87 x\frac{((1+0.08)^10 - (1+0.08)^2) }{0.08}[/tex]FV = $22,376.98So after two years, Aunt Butch still owes $22,376.98. To find the interest paid in the third year, we subtract the remaining balance after two years from the total amount borrowed, and then calculate 8% of that amount:
Interest paid in third year = 0.08 x ($19,500 - $22,376.98)Interest paid in third year = $1,336.16Therefore, the interest paid in the third year is $1,336 (rounded to the nearest dollar).
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esmeralda is taking a three month leave from work to travel across europe. the bureau of labor statistics counts esmeralda as
Esmeralda is taking a three-month leave from work to travel across Europe.
The Bureau of Labor Statistics counts Esmeralda as...Esmeralda, who works full-time, is taking a three-month leave from work to travel across Europe. The Bureau of Labor Statistics considers her an employed individual.
Since she has a job but is taking a temporary leave, she is still regarded as an employed individual, and her job is considered as an active job. She'll be able to return to work when her holiday is over, and her employer has agreed to keep her job open for her.
Esmeralda, who works full-time, is taking a three-month leave from work to travel across Europe. The Bureau of Labor Statistics considers her an employed individual. Since she has a job but is taking a temporary leave, she is still regarded as an employed individual, and her job is considered as an active job.
She'll be able to return to work when her holiday is over, and her employer has agreed to keep her job open for her. The Bureau of Labor Statistics counts Esmeralda as a full-time employee even though she is taking a temporary leave.
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item 1 when activity-based costing is applied to administrative activities, a four-step process is used. the four steps, in random order, are: identify the cost driver associated with each activity. identify the activities that consume resources. assign costs to the marketing or administration activity by multiplying the cost driver rate by the volume of cost driver units consumed for that activity. compute a cost rate per cost driver for each unit or transaction. the correct order in which these steps should be taken is:
Therefore, the correct order in which these steps should be taken is: Identify the activities that consume resources.Identify the cost driver associated with each activity. Compute a cost rate per cost driver for each unit or transaction. Assign costs to the marketing or administration activity by multiplying the cost driver rate by the volume of cost driver units consumed for that activity.
Identify the cost driver associated with each activity. Compute a cost rate per cost driver for each unit or transaction. Assign costs to the marketing or administration activity by multiplying the cost driver rate by the volume of cost driver units consumed for that activity. The correct order in which these steps should be taken is:
Step 1: Identify the activities that consume resources.Step 2: Identify the cost driver associated with each activity.Step 3: Compute a cost rate per cost driver for each unit or transaction.Step 4: Assign costs to the marketing or administration activity by multiplying the cost driver rate by the volume of cost driver units consumed for that activity.Learn more about administration activity here:https://brainly.com/question/28732992
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dawn's bridal boutique is having a sale on evening dresses. the increase in consumer surplus comes from the benefit of the lower prices to
Dawn's Bridal Boutique is having a sale on evening dresses. The increase in consumer surplus comes from the benefit of the lower prices to the consumers.
How lower prices increase consumer surplus?
The lower prices of evening dresses increase consumer surplus by making it affordable for consumers. It allows them to purchase more dresses than they would have bought if the prices had been high. Thus, the benefit of the lower prices comes to the consumers who now have access to these products.
The increase in consumer surplus is defined as the difference between the maximum price a consumer is willing to pay for an item and the actual price paid. It is the benefit that consumers receive by paying less than they would be willing to pay for a product or service.
When the price of an item is reduced, the consumer surplus increases because the difference between the maximum amount the consumer is willing to pay and the actual price paid is greater. The consumer surplus is an important indicator of consumer welfare, indicating that consumers are better off when the price of the product is lower.
In conclusion, the increase in consumer surplus comes from the benefit of the lower prices to the consumers.
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