1 Question 2 (10 marks) 3 Read and treat each of the below scenarios independently. All companies have a December 31st year end. 4 TH D 5 Case 1 6 Ainsworth Corporation began the year with a 56,200 ba

it is C. Market Economic system!

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Answer:

it can be either mixed or a market economy

Explanation:

In Australia, document retention and the admissibility of documents as evidence can be governed by both Queensland state law and Commonwealth (federal) law.

It is important to note that while I can provide some general information, it is crucial to consult with a qualified legal professional for specific advice tailored to your organization's circumstances and the latest applicable legislation.

Under Queensland law, document retention requirements and admissibility of documents as evidence are primarily governed by the Evidence Act 1977 (QLD). This legislation sets out the rules regarding the admissibility of documents in legal proceedings in Queensland courts. The Act establishes criteria for the authenticity, reliability, and relevance of documents to be presented as evidence.

Regarding document retention methods, Queensland law does not specifically mandate particular methods. However, organizations are generally expected to retain documents in a manner that ensures their integrity and accessibility, especially if they may be required for legal purposes. This includes both electronic and hardcopy documentation.

On the other hand, Commonwealth law addresses document retention and admissibility through the Evidence Act 1995 (Cth). This federal legislation applies to proceedings in Commonwealth courts and sets out similar rules to the Queensland Evidence Act. It provides criteria for the admissibility of documents as evidence, including authentication, reliability, and relevance.

The difference between Queensland law and Commonwealth law in this regard lies mainly in the jurisdiction to which they apply. Queensland law primarily governs proceedings in Queensland courts, while Commonwealth law applies to federal courts and matters falling under federal jurisdiction.

It is important to consider both Queensland law and Commonwealth law when establishing document retention policies and procedures. This ensures compliance with the relevant legislation applicable to your organization's activities and potential legal proceedings.

To obtain accurate and up-to-date advice on document retention and admissibility in Queensland and under Commonwealth law, it is advisable to consult with a qualified legal professional. They will provide guidance tailored to your specific circumstances, including the size of your organization, the nature of your dealings, and the applicable legislation.

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The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.

A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.

Principal = $4,500

Rate = 9% (or 0.09 as decimal)

Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)

Interest = Principal x Rate x Time

Interest = $4,500 x 0.09 x 0.25

Interest = $101.25

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The cost of production report may include all of the following except c. advertising costs. It may include direct materials, direct labor, overhead, and other indirect costs. However, it does not include advertising costs.

A cost of production report is a comprehensive record of all costs associated with the production of goods or services. The report is used to evaluate the performance of a production department or a business. It provides information on the actual cost of the goods produced or services rendered, as well as the costs incurred in the production process. Direct materials are the materials used in production. These materials are typically tracked in the inventory system, and the cost of production report will include their cost.
Direct labor refers to the labor needed to produce the product or service. This includes wages, benefits, and payroll taxes. The cost of production report will also include this cost.
Overhead costs are costs associated with running the business but not directly related to producing a product. These costs could include rent, insurance, and utilities. The cost of production report will include these costs.
Advertising costs are costs associated with marketing and promoting the product or service. These costs are not included in the cost of production report.

The cost of production report may include all of the following except advertising costs. Advertising costs are not included in the cost of production report. They are a separate expense and are recorded in the income statement. Advertising costs are expenses incurred to promote or market a product or service. These costs are usually considered to be period expenses and are not directly related to the production of goods or services. In conclusion, the cost of production report includes the cost per unit, direct labor costs, direct materials costs, and overhead costs. It does not include advertising costs.

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Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items  minus the installment payments

=$1,299 - $480

=$819

---------------------Explanation:

Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.

In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.

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Answer:

Step by step explanation

Answer:

The price of the cereal would fall.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.

A fixed exchange rate set the value for a currency by setting it at a specific value based on another currency. Thus the correct answer is A.

A currency is referred to as a form of money that is utilized for buying and selling goods. This currency differs in value from country to country. A fixed exchange rate system is one in which the value of one currency is equal to the valuation of another common currency.

Two currencies from different countries will be shared at an equal price with the help of a fixed exchange rate, the prices of the currency will fluctuate based on the factors like demand and supply as well as inflation.

Therefore, option A by setting it at a specific value based on another currency is appropriate.

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Answer:

A. By setting it at a specific value based on another currency

Explanation:

Answer:

A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Explanation:

The ability of a country to purchase the inputs that can be used to generate the items that contribute to wellbeing makes GDP still a valuable indicator of the welfare of society.

The most often used indicator of an economy's size is its gross domestic product (GDP). GDP can be calculated for a nation, a region (such as Tuscany in Italy or Burgundy in France), or for a group of nations (such as the European Union) as a whole (EU)

Welfare, or more frequently social welfare, is a form of government aid aimed at ensuring that citizens can satisfy essential requirements like food and housing.

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Answer:

False

Explanation:because it's 2 not 6 but not sure welcome

Several factors affect a firm's ability to pay a dividend.

A firm's ability to pay dividends is influenced by various factors, including profitability, cash flow, financial health, and legal restrictions.

Profitability: One of the primary considerations is the company's profitability. A firm needs to generate consistent profits to have sufficient funds available for distributing dividends to shareholders. Higher profits provide a stronger foundation for dividend payments.

Cash Flow: Apart from profitability, cash flow is crucial. A firm must have positive cash flow to cover its dividend obligations. Even if a company is profitable, inadequate cash flow may limit its ability to distribute dividends.

Financial Health: The overall financial health of a firm impacts dividend payments. Factors such as debt levels, liquidity, and capital requirements can affect the company's ability to allocate funds for dividends. High levels of debt or significant investment needs may limit dividend payouts.

Legal Restrictions: Legal obligations and restrictions, including local laws, regulations, and contractual agreements, can impact a firm's dividend policy. For instance, some jurisdictions require companies to maintain a certain level of retained earnings or may impose restrictions on dividend distributions.

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Answer:all of the above

Explanation:

Like a competitive industry, a monopoly must confront a demand curve equal to its marginal revenue curve. The statement provided in option C is correct.

A monopoly is a market form in which a single firm dominates the entire market or industry for a particular good or service. The firm, as a result, faces a downward-sloping demand curve like any other market form. The difference, however, is that the company has market power in this case, which means it can influence the price of goods or services it sells to some extent.

In comparison to a competitive industry, which is characterized by a large number of small firms, a monopoly firm has the ability to produce and supply goods and services at a lower cost than its rivals. Monopoly firms have the following characteristics:  They charge a higher price for their products or services than their marginal cost. This is due to their ability to control the supply of goods or services in the market.  

They control the market price of goods and services. This is because there are no other producers of the same product or service in the market.  They earn supernormal profits in the short run, but in the long run, they only earn zero economic profit.  They will restrict production in order to maximise profits.  They may engage in predatory practices, such as price fixing or price discrimination.

Option C is the correct answer.

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The type of communication that this signifies in the workplace is what is known as upward communication.

This is the type of communication that exists in the workplace where information flows from those at the bottom to those that are at the top.

This is a situation where information is known to flow from the people that are the subordinates to their seniors in the office.

Chelsea, is a subordinate who is submitting her work to her superior in the workplace.

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Answer: dehydration

Explanation:

Answer:

dehydration and heat exhaustion.

Explanation:

I hope this helps! :)

Answer:

I believe the answer is swimming. I apologize if it is not. I hope this helped a little.

Answer:

by acting to disband a monopoly, the government is actually protecing competition and the free market

Explanation:

The transformation of raw materials into finished goods. Natural items are transformed into goods that can be sold on the market through manufacturing.

The acquisition and monitoring of raw materials is the initial step in inventory management. The environment can be mined for raw materials or they can be purchased from sources. Once received, raw materials must be kept in storage until they are needed for manufacturing. Systems of inventory keep track of the quantity, location, and state of each raw item.

Work in process refers to the production process from storage to the assembly line. Production might be carried out internally or contracted out to manufacturers. Inventory management systems monitor the production process and the finished goods as they are produced in both scenarios.

The number, location, and state of each end product must be monitored. The system is updated in response to product purchases to account for the drop in inventory following distribution.

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Explanation:

role models - they are what they see when they first walk in

I have chosen Samsung electronics which is positioned in my area. I have visited the business enterprise and performed a meeting with HR manager.

The corporation has launched trainee software for the graduates. HR manager has supplied details about the program which consists of education of freshers and on job support.

They can find out about and do the job collectively so that they analyze how to work in an workplace environment. Graduates can aid supervisor of more than one department at a time which gives them publicity of notable department tasks.

The essential characteristics which are required with the aid of the business enterprise in a candidate are multitasking skills, trouble solving ability and potential to meet deadlines. For interview there is a quick recreation in which IQ stage of candidates is tested and those who clear the levels of the game are then promoted for a panel interview.

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Answer:

B

Explanation:

Customers pay a charge to utilize items or to access premium services under this subscription-based business model.The basis of this business approach is to provide customers a sense of exclusivity and specialness.Amazon Prime is a good illustration of this membership business.

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The ending inventory using conventional retail inventory method is $170,100.

Ricky Henderson Company Ending inventory

                                          Cost                                         Retail

Beginning inventory       $200,000                                 $280,000

Add Purchases                $1,375,000                               $2,140,000

Total                                 $1,575,000                              $2,420,000                                                    

Markups                                                      $95,000

Markup cancellations                                ($15,000)

Net markup                                                                          $80,000

($95,000-$15,000)

Total                                 $1,575,000                                 $2,500,000

($2,420,000+$80,000=$2,500,000)

Markdowns                                                     $35,000

Markdown cancellations                               ($5,000)  

Net markdown                                                                       ($30,000)

($35,000-$5,000)

Sales price of goods available                                             $2,470,000

($2,500,000-$30,000)

Less Sales revenue                                                               ($2,200,000)

Ending inventory at retail                                                      $270,000    

($2,470,000-$2,200,000)     

Second step is to calculate the Cost-to-retail ratio using this formula

Cost-to-retail ratio=Cost of goods sold available/Retail price of goods available+ Net markup

Let plug in the formula

Cost-to-retail ratio=$1,575,000/($2,420,000+$80,000)

Cost-to-retail ratio=$1,575,000/$2,500,000

Cost-to-retail ratio=0.63

Third step is to calculate the ending inventory at cost (lower of cost or market) using this formula

Ending Inventory at cost =Cost-to-retail ratio× Ending inventory at retail

Let plug in the formula

Ending Inventory at cost=0.63×$270,000

Ending Inventory at cost =$170,100

Inconclusion the ending inventory using conventional retail inventory method is $170,100.

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Answer:

it would be unethical to do that because you are breaking the law

Answer:

It would be unethical.

Explanation:

coconutoil2217 is correct, it would be unethical to cheat on your taxes.