Chloe must go through the financial forecasting. Financial forecasts made to aid in any decision-making pertinent to predicting future business performance are referred to as financial forecasting.
Analysis of previous business performance, present business trends, and other pertinent elements are all part of the financial forecasting process. The nature and aim of the prediction will be explored later, although certain parts of financial forecasting may alter based on them.
If you don't regularly anticipate your finances, you're theoretically left in the dark. Regular forecasting provides several advantages for some of your company's core functions, such as budgeting annually, establishing practical corporate objectives, locating trouble spots, and minimizing financial risk.
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According to the author, what kind of yelling boss is bad one?
According to the author, a bad yelling boss is one who yells for no reason or who yells in a way that is abusive or demeaning.
What does the author say?Yelling can be a form of bullying, and it can create a hostile work environment. It can also lead to decreased productivity, increased stress, and decreased morale.
Some signs of a bad yelling boss according to the author include:
They yell often, for no reason, or in a way that is abusive or demeaning.They make threats or use intimidation to get their way.They are quick to criticize and slow to praise.They create a hostile work environment where employees feel uncomfortable or unsafe.Find out more on bad bosses at https://brainly.com/question/32149509
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The source is from an excerpt on Toxic Working Environments.
1. A manager re-designs the compensation plan for his/her department.
Planning
Organizing
Staffing
Implementing
Controlling
When a manager re-designs the compensation plan for his/her department, then he is performing the Implementing function of management.
The Organization management refers to various functions performed by manager to ensure his/her employees will continue to work towards a common predefined goal.
The functions of organization management includes planning, organizing, staffing, leading, implementing and controlling.
So when the manager re-designs the compensation plan for his/her department, then he is performing the Implementing function of management.
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In a floating exchange rate system, the capital account balance equals the negative of the current account balance. True False
It is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,
The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies
So, it is true that capital account balance equals the negative of the current account balance because a deficit on the current account balance is balance by a surplus on financial account.In conclusion, it is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,
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What two genres of photography can war photography often bridge the gap between?
A. documentary photography and photojournalism
B. pictorialism and editorial photojournalism
C. tonalism and pictorialism
D. spot news photography and photojournalism
Answer:
A. Documentary photography and photojournalism
The two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism. The correct option is (A).
What do you mean by documentary photography?Documentary photography is a type of photography that depicts people, places, objects, and events in a straightforward and accurate manner, and is frequently used in news reporting.
Documentary photography is a popular type of photography that is used to chronicle events or environments that are significant and relevant to history, historical events, and everyday life.
"Documentary photography" usually focuses on a continuing issue (or story) that is told through a series of photographs.
Therefore, the two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism.
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John owns a small rental cottage in St Augustine and his mother Brenda lives nearby in a rented apartment. He is concerned about her having a secure home to live in after her retirement so he decides to convey the cottage to her for the rest of her life, after which, ownership will revert to him.
Required:
What would John's attorney probably have advised him to do to achieve these goals?
The option that John's attorney is going to advise him to do in order to achieve these goals would be to give a life estate to Brenda.
What is a life estate?A life estate can be described to be an estate that a person owns and they are able to use it during the period of their lifetime.
The attorney would advise John on this with the right of reversion after she dies.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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How long should a résumé be
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
A great way to ontain hands-on training in a real work environment is to complete a(n)
Answer:
It's c, apprenticenship
State whether the following statement is true or false: Too many slow moving, high value goods into
result in too much cash tied up in inventory
Answer: True
Explanation:
High value goods were purchased with a lot of cash and if they are slow moving, the company will not be able to sell them fast enough and realized the cash that was spent to be able to purchase them. A typical example of such inventory are expensive motor vehicles.
The ideal type of inventory is one that is fast moving and high value because it gives a business a higher amount of cash at a higher frequency.
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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which 2 of these options are benefits of using the recurring transaction feature in Quickbooks online
The recurring transaction is a feature in QuickBooks Online that allows you to save time and reduce mistakes. By using recurring transactions -
You can automate repetitive journal entries, set invoices to generate automatically for subscription-type customers, or Automate the writing of a check or entering a bill.QuickBooks is an Associate in Nursing accounting code package developed and marketed by comprehending. initially introduced in 1983, QuickBooks merchandise is in gear chiefly toward little and medium-sized businesses and provides on-premises accounting applications still as cloud-based versions that settle for business payments, manage and pay bills, and payroll performs.
The initial QuickBooks software failed to function as a "double-entry" accounting package. The initial unleash of QuickBooks was the DOS version that supported the Quicken codebase. The Windows and raincoat versions shared a special codebase that was based on In-House Accountant, which Intuit had acquired. The software was in style among little business homeowners who had no formal accounting training.
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What is an example of a good?
A dental examination
A visit to the dog groomer
A delivery van
A manicure
A car warranty
Answer: a dog groomer
Explanation:
because they help keep your dogs clean
A visit to the dog groomer is an example of a good. Hence, option B is correct.
What do dog groomers do?Brushing, bathing, drying off, and cutting or clipping the dog's hair with clean, sterilized tools are typically included in a professional grooming session. Groomers brush or combing the dog to eliminate mats before bathing it.
Aspects of dog grooming include cleaning, styling, and general canine care. Regular grooming is necessary if you own a dog since it keeps them clean and healthy.
One method typically employed by those who sexually abuse children is grooming, which entails misleading methods intended to get access to a potential victim, persuade them to consent to the abuse, and decrease the danger of being detected.
Thus, option B is correct.
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Question 5 of 10
What is one disadvantage of a trade school education over a four-year
college?
A. The cost will be higher.
B. You will have to study longer.
C. You will be less prepared to work.
OD. Your courses will not be as diverse.
Answer: your answer is B
Explanation:
Assume there are no minimum wage laws. Imagine that you are poor and cannot find work due to an economic recession. One day a new employer comes to town and offers you a job in his factory for a wage of fifty cents per hour. The employer exerts no pressure. He simply makes his offer and says politely, “Take it or leave it.” You accept the offer, not without gratitude, because you have no reasonable alternative. Is the contract between you and your new employer voluntary? Is the contract fair?
The contract between poor worker and the employer offering wage of fifty cents per hour may technically be voluntary, in that the worker is free to accept or reject the offer.
What is a contract?A contract is legally binding agreement between the two or more parties. It can be written or verbal, but written contracts are generally preferred because they provide a clearer record of the terms of the agreement. Contracts typically outline the rights and responsibilities of each party, as well as any limitations or conditions that apply. They can cover a wide range of topics, from employment agreements to real estate transactions to service contracts. Contracts can also include provisions for resolving disputes, such as mediation or arbitration. Breaching a contract can result in legal consequences, such as damages or termination of the agreement. Overall, contracts serve as a way for parties to establish and enforce their expectations and obligations in a clear and binding manner.
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You have recently been hired as the staff attorney at a growing independent film studio in Van Nuys, California. Among your duties are to carefully review films’ content prior to their distribution, monitor all of the legal issues that may arise after the film has been released to theaters as well as when it is released on DVD, as streaming digital content or for broadcast television. In an essay of approximately 250 words, describe what you focus on as the film before a feature film’s worldwide release and premiere, issues that may be of concern to you when it is in theaters, and finally, what you will focus on when that film is released for a second time on DVD, online and broadcast television.
In order to write an essay on the roles of an independent film studio attorney in relation to film content review, legal and distribution issues, it is necessary to understand what the studio's and investors' greatest needs before and after movie release.
Copyright registrationThis is one of the main needs of a film production company, it is necessary to register the date and content of the original work, so that in case of plagiarism and illegal distribution, the owner of the work has legal protection to contest their rights.
Therefore, it is essential that there is an alignment of the film's content to the public, avoiding issues that can be interpreted ambiguously as disrespect for cultures and minorities, for example, which can culminate in legal sanctions for the producer.
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Which statement describes gross income?
A.The take-home pay after taxes but before benefits are deducted.
B. The amount left after taxes and benefits are deducted.
C.The total amount of earned salary or wages.
D. The total amount of your paycheck.
The earned salary or wages paid to an employee by a company for work done before necessary deduction like Tax is termed "Gross Income".
Let understand that "Gross income" in this context refers to salary or wage collected by workers, not one used in preparation of Income Statement for a month or year ended.
Usually, the amount that an employee or labor is entitled to, for his services to an organization or institution is termed Gross Income.After necessary deductions by the employer for Taxes, Insurance, Benefit etc, then, the remaining amount paid to the employee is known as Net Income.In conclusion, the total amount of earned salary or wages best described the Gross Income.
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Answer:
D
Explanation:
Mike Corporation uses residual income to evaluate the performance of its divisions. The company's minimum required rate of return is 14%. In January, the Commercial Products Division had average operating assets of $790,000 and net operating income of $148,700. What was the Commercial Products Division's residual income in January
Answer:
The Commercial Products Division's Residual income in January is $ 37,400.
Explanation:
Residual income (which is a Managerial Accounting concept) is what remains from a departments income after the opportunity cost of the capital that it deploys has been removed.
The formula is given below:
Residual Income (RI) = Controllable Margin (CM) - Required Rate of Return (RRR) × Average Operating Assets (AOR)
Step I:
Insert all the given factors
RI = 148,000 - (14% x 790,000)
RI = 148,000 - 110600
Therefore, residual income RI = $ 37,400
Cheers!
The marketing environment includes things such as demographic factors, economic factors, ecological factors, technology factors, political environment, and cultural environment.
True
False
A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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What happens when borrowers don't repay those loans? Who suffers?
mm
Answer:
the borrowers they get charged more
What motivates people to buy certain products?
Constructing professional memo please help!!!!!! Quickly!!!!!
Memos are known for being succinct, direct, and simple to read. Despite being less official than letters, they nonetheless need to be written in a formal, concise manner.
A receipt or a cash memo?It provides information on the goods, including rate, amount, and number. Typically, they are printed and serially numbered. It is made in two copies. Since it differs from a receipt, cash memos do not need to be stamped.
What does memo in banking mean?In a bank memo, the routing information and bank account details associated with a company's business account are listed. It is normally written on bank letterhead and either a banker's signature or a teller's stamp is used.
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Match the design thinking stage to its description.
Question 14 options:
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better
Analyze observations and information to identify the core problem
The design team comes up with solution ideas
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers
1.
Empathize
2.
Define
3.
Ideation
4.
Prototype
5.
Test
The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs) - Prototype.
Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better - Empathize
Analyze observations and information to identify the core problem - Ideation
The design team comes up with solution ideas - Ideation
The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers - Test
What is a Design thinking?Generally, a design thinking means the set of cognitive, strategic and practical procedures used by designers in the process of designing and to body of knowledge that has been developed about how people reason when engaging with design problems. A design thinking is also associated with the prescriptions for the innovation of products and services within business and social contexts.
The term "design thinking" is been used to refer to specific cognitive style, a general theory of design (which is way of understanding how designers work), and a set of pedagogical resources (through which organisations or inexperienced designers can learn to approach complex problems in a designerly way).
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An increase in income is always possible with out increasing expenses.
O True
False
NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s estimate of the firm’s growth forecast over the next 4 years is 18.00% and over 3 years after that of 16.5%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 7 years to be 6.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price?
Using the dividend discount model with given growth rates and required rate of return, the estimated stock price for NBM common stock is calculated by discounting future dividends, resulting in the stock price.
To estimate the stock price of NBM common stock, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
First, let's calculate the dividends for the next 7 years:
Year 1: $2.25 (given)
Year 2: $2.25 * (1 + 18%) = $2.655
Year 3: $2.655 * (1 + 18%) = $3.1399
Year 4: $3.1399 * (1 + 18%) = $3.7029
Year 5: $3.7029 * (1 + 16.5%) = $4.3177
Year 6: $4.3177 * (1 + 16.5%) = $5.0273
Year 7: $5.0273 * (1 + 6.5%) = $5.3485
Next, let's calculate the present value of these dividends using the required rate of return of 11%:
PV = D1 / (1 + r) + D2 / (1 + r)^2 + ... + D7 / (1 + r)^7
PV = $2.25 / (1 + 0.11) + $2.655 / (1 + 0.11)^2 + $3.1399 / (1 + 0.11)^3 + $3.7029 / (1 + 0.11)^4 + $4.3177 / (1 + 0.11)^5 + $5.0273 / (1 + 0.11)^6 + $5.3485 / (1 + 0.11)^7
Finally, summing up the present values, we can estimate the stock price:
Stock Price = PV
Calculating this equation will give the estimated stock price of NBM common stock.
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Private bargaining would be ineffective in a situation where:
Select one:
a. Property ownership is clearly defined
b. there are large number of affected parties
c. Bargaining costs are negligible
d. firms fear being sued
e. The number of people involved is small
Private bargaining would be ineffective in a situation where there is a large number of affected parties. Thus, option 'B' is the correct option.
What is Private bargaining?Private bargaining refers to a conversation between two private parties regarding what to do when one side is contributing to NE that is harming the other party.
According to the Coase Theorem, where there is a dispute between property rights, the parties concerned can bargain or negotiate terms that fully represent the actual costs and underlying values of the relevant property rights, leading to the most efficient conclusion.
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fill in the blank. a privately funded program pays low-income parents $50 every two months for each child who attends school regularly during that period. this incentive illustrates a___schedule of reinforcement. fixed-interval fixed-ratio variable-interval variable-ratio
A privately funded program pays low-income parents $50 every two months for each child who attends school regularly during that period. This incentive illustrates a Fixed-interval schedule of reinforcement. Fixed-interval fixed-ratio variable-interval variable-ratio.
Fixed-interval scheduling is a type of reinforcement schedule in which a reward is given only after a certain amount of time has passed. An example of fixed-interval scheduling would be a student receiving a reward after studying for a certain number of hours. The reward reinforces the behavior of studying and encourages the student to continue the behavior.
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EXPLAIN HOW IMPORTANT MOTIVATION IN AN ORGANIZATION
Answer:
Motivation is a human factor in management. Motivation represents the willingness of an individual to put his efforts in a particular direction so as to achieve his goals. Motivation is what makes people perform or do the things
LAST QUESTION HELP PLEASE 35 POINTS Following the accounting cycle, what would an accountant make right after adjusting entries?
A. an adjusted trial balance
B. a worksheet
C. a post-closing trial balance
D. a trial balance
Answer:
an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Adjusting entries are made at the end of an accounting period to update the account balances and bring into conformity with the accrual basis of accounting. Once adjusting entries have been recorded, the accountant prepares an adjusted trial balance. The adjusted trial balance is a list of all the accounts in the ledger and their updated balances after adjusting entries have been made.
It is called an adjusted trial balance because it takes into account the adjustments that have been made. The purpose of the adjusted trial balance is to ensure that the total debits still equal the total credits after the adjusting entries have been made. If the adjusted trial balance does not balance, the accountant must review the accounts and make any necessary corrections before preparing the financial statements.
Answer:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
The list of all accounts and their balances in the adjusted trial balance remains after adjusting entries have been made. While creating financial statements like the income statement, statement of retained earnings, and balance sheet, it is used to make sure that all of the debits and credits balance out.
A worksheet is a tool to prepare to adjust entries and financial statements, but it is not an official accounting document.
When the closing entries have been made, a post-closing trial balance is created to ensure that all temporary accounts have been closed and that the total debits and total credits balance out.
A trial balance is used to ensure that the total debits and credits balance out at a particular point in time, typically near the conclusion of the accounting month.
Hope it helps!