Which of the following is an area in which expense control can help to create an appropriate image for a business
Answers
Answer:
Appearance
Explanation:
Related Questions
Businesses get paid for the value it delivers through its business model. True or False?
Answers
True. Businesses get paid for the value they deliver through their business model.
The business model is the blueprint that outlines how a company creates, delivers, and captures value. It defines how a business generates revenue by providing products or services that fulfill customer needs and solve their problems. When a business effectively delivers value to its customers, it can charge a price that reflects that value. This allows the business to generate revenue and sustain its operations.
In conclusion, businesses do get paid for the value they deliver through their business model.
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Would you rather work for an organization where everyone knows what others are earning or an organization where this information is kept secret? why?
Answers
In an organization where salary information is transparent, employees may experience increased trust, fairness, and open communication.
It could also promote equal pay and reduce potential discrimination.
On the other hand, in an organization where salaries are kept secret, employees might have more privacy and reduced potential for jealousy or unhealthy competition.
Choosing between these options would depend on an individual's preference for transparency and equality or privacy and reduced potential for conflicts. It's essential to consider the organization's culture, goals, and values while making such a decision.
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3.) A special cereal mixture contains rice, wheat and corn in the ratio of
2:3:5. If a bag of the mixture contains 3 pounds of rice, how much corn
does it contain?
Answers
Answer:
7.5
Explanation:
Let R = rice.
Let W = wheat.
Let C = corn.
Let X = special cereal mixture
Given the following data;
Ratio of rice, wheat and corn = 2:3:5
Total quantity of rice = 3 pounds.
Ratio = 2 + 3 + 5 = 10
For rice;
2/10 * X = 3
Cross multiplying, we have;
2X = 30
X = 30/2 = 15
Therefore, the total quantity of the special cereal mixture is 15 pounds.
To find the total amount of corn;
C = 5/10 * 15
C = 75/10
C = 7.5 pounds.
Hence, the special cereal mixture contains 7.5 pounds of corn.
To find the total amount of wheat;
W = 3/10 * 15
W = 45/10
W = 4.5 pounds.
Check;
Special cereal mixture = rice + wheat + corn.
Special cereal mixture = 3 + 4.5 + 7.5
Special cereal mixture = 15 pounds.
Answer:
7.5 pounds of corn.
Explanation:
Rice=2x -> 3 pounds
Wheat=3x
Corn=5x
2x=3
x=1.5
5*1.5
=7.5
Using the scrum method overcomes the issues of the traditional SDLC and guarantees that a project will produce a high-quality product.
Answers
The term scrum is borrowed from rugby, wherein it is a formation of gamers.
Scrum is a framework for undertaking management that emphasizes teamwork, duty, and iterative progress toward a properly-described goal. The framework starts with an easy premise: start with what can be visible or acknowledged. After that, tune the development and tweak, as necessary.
The term scrum turned into selected by the paper's authors because it emphasizes teamwork.
The scrum method is based on a hard and fast of very defined practices and roles that need to be worried for the duration of the software development method. it's miles a flexible methodology that rewards the software of the concepts in a context agreed upon by means of all of the crew members of the product. There may be ample proof that adherence to bendy practices and values improves the power of software program specialists, teams, and corporations, but the evidence is diverse and hard to find inside the traditional SDLC.
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You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?
a.1,239
b.1,311
c.1,417
d.1,508
Answers
Answer: 1417
Explanation:
The information can be gotten from the question:
Principal = $200000
Rate = 8.5% = 0.085
Simple interest = PRT
= 200000 × (0.085/12) × 1
= 200000 × 0.0070833
= 1416.6667
= 1416.7
Differentiate the differences between a Vickrey auction and an
English auction?
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what employee census data should sally gather to prepare for a benefits bid?
Answers
Sally should gather employee demographics, job info, compensation, benefits enrollment, dependents, work hours, election, termination data, and legal compliance info for a benefits bid.
To prepare for a benefits bid, Sally needs to compile a comprehensive employee census. This includes vital employee demographics, job specifics, compensation details, benefits enrollment data, and dependent information.
Equally important are work hours, retirement plan elections, and termination history. Sally should also ensure adherence to legal and regulatory requirements, such as Affordable Care Act (ACA) provisions.
Collecting this diverse data will enable a well-informed benefits bid that caters to the workforce's unique needs and aligns with industry standards and regulations.
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there are no economic goals for any countries towards its citizens
is it true or false if false correct the statement
Answers
False. Economic goals are integral to the functioning of governments worldwide. They are designed to enhance the economic well-being and quality of life for citizens.
Economic goals are fundamental aspects of economic policy and governance in most countries. Governments typically have objectives related to the well-being and prosperity of their citizens, which are reflected in their economic goals.
Economic goals can vary from country to country but often include objectives such as promoting economic growth, reducing unemployment, ensuring price stability, reducing poverty and inequality, improving living standards, and providing access to basic goods and services. These goals are aimed at creating a favorable economic environment that benefits the citizens and contributes to their overall welfare.
Governments employ various policy measures, such as fiscal and monetary policies, to pursue these economic goals. They implement strategies to stimulate investment, create job opportunities, control inflation, provide social safety nets, and support sectors crucial to national development.
Therefore, the statement "there are no economic goals for any countries towards its citizens" is false.
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You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answers
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
1) What are the two allowable methods for accounting for Oil & Gas interests?
2) Which method is popular with small and mid-sized oil & gas firms?
3) What is revenue recognition accounting? Why was it eventually abandoned?
4) Give an overview of what FAS 144 details.
5) Where are the disclosure requirements for Oil & Gas companies that are SEC registrants found?
6) List the costs that are treated the same under successful efforts and full cost accounting. List the costs that are treated differently.
7) What accounting treatment is given to the following costs under successful efforts: acquisition costs, exploration costs, development costs, and production costs.
8) Define the following:
a) Reserves
b) Proved reserves
c) Proved developed reserves
d) Proved area
e) Field
9) Define the following:
a) Exploratory well
b) Development well
c) Delineation well
d) New field wildcat well
e) Extension well
f) Service well
g) Stratigraphic test well
10) How are "dry holes" treated under successful efforts vs Full Cost accounting?
11) When is a delineation well classified as an exploratory well versus a development well?
12) Lease A has a known productive horizon of 15,000 feet. A well is drilled to 10,000 feet. Would the well be classified as an exploratory or development well?
13) Blackshear Petroleum, a successful efforts company, drilled an exploratory well offshore at a cost of $6 million. The well was dry, but Blackshear felt that the G&G data obtained from the well was promising and drilled another well close to the first one. Should the first well be expensed of capitalized?
14) What is the normal "cost center" under full cost accounting?
15) Connor Oil Company incurred the following costs during calendar year 2022:
a) 2/7 Cost of geological and geophysical activities to locate and oil prospect $350,000
b) 3/18 Acquisition costs for a 800-acre lease: lease bonus payment of $2000/acre; other costs incurred in acquiring the property, $9,000
c) 6/3 Dry hole costs of an exploratory well $2,345,000
d) 7/12 Successful exploratory well costs, $3,015,000
e) 8/12 Cost of production facilities such as flow lines and separators, $1,135,000
f) 9/1 Production cost $125,000
Prepare the journal entries for the above transactions using the successful efforts method of accounting.
16) Reedah Oil Corporation incurred the following cost during the fiscal year ending June 30, 2022:
a) 7/1/21 Cost of geological and geophysical activities to locate and oil prospect $435,000
b) 8/10/21 Acquisition costs for a 1,000-acre lease: lease bonus payment of $1500/acre; other costs incurred in acquiring the property, $7,000
c) 12/15/21 Dry hole costs of an exploratory well $1,965,000
d) 1/18/22 Successful exploratory well costs, $2,435,000
e) 4/10/22 Cost of production facilities such as flow lines and separators, $835,000
f) 9/30/22 Production cost $95,000
Indicate whether the following costs should be expenses € or capitalized (C) depending on whether the company uses successful efforts or the full cost method of accounting.
Expense Capital Expense Capital
Acquisition Costs
G&G Costs
Exploratory dry holes
Successful exploratory wells
Development wells, dry
Development wells, successful
Production facility costs
Production costs
Answers
1) The two allowable methods for accounting for Oil & Gas interests are the successful efforts method and the full cost method.
2) The full cost method is popular with small and mid-sized oil & gas firms.
3) Revenue recognition accounting is the process of recording and reporting revenue in a company's financial statements. It was eventually abandoned because it did not provide a clear and consistent framework for recognizing revenue and led to inconsistencies and potential manipulation of financial statements.
4) FAS 144, or Financial Accounting Standards Board Statement No. 144, provides guidance on accounting for the impairment or disposal of long-lived assets, including oil and gas properties.
5) The disclosure requirements for Oil & Gas companies that are SEC registrants can be found in the Securities and Exchange Commission's (SEC) rules and regulations, specifically in Regulation S-X.
6) Under both successful efforts and full cost accounting, costs such as acquisition costs, exploration costs, development costs, and production costs are treated the same. However, costs related to dry holes are treated differently.
7) Under successful efforts accounting, acquisition costs, exploration costs, and development costs are capitalized and included in the cost of successful wells. Production costs are expensed as incurred.
8) a) Reserves are estimated quantities of oil and gas that can be economically recovered.
b) Proved reserves are reserves that have a reasonable certainty of being economically recoverable.
c) Proved developed reserves are proved reserves that are expected to be recovered through existing wells and equipment.
d) Proved area refers to the area where there are proved reserves.
e) Field refers to a geographical area containing one or more reservoirs.
9) a) An exploratory well is a well drilled in an unproven or untapped area to determine the presence of oil or gas.
b) A development well is a well drilled in a known oil or gas field to produce additional reserves.
c) A delineation well is a well drilled near an existing discovery to better define the extent and boundaries of the reservoir.
d) A new field wildcat well is a well drilled in an unexplored area with no previous discoveries.
e) An extension well is a well drilled in a known field to further develop existing reserves.
f) A service well is a well drilled to provide services such as water injection or gas injection to enhance production.
g) A stratigraphic test well is a well drilled to obtain geological and geophysical data for evaluating potential hydrocarbon-bearing formations.
10) Under successful efforts accounting, dry holes are expensed as incurred. Under full cost accounting, dry holes are capitalized and included in the cost of the successful wells.
11) A delineation well is classified as an exploratory well when it is drilled outside the known productive area of a field to explore for additional reserves. It is classified as a development well when it is drilled within the known productive area to produce additional reserves.
12) The well would be classified as a development well since it is drilled within the known productive horizon.
13) The first well should be expensed since it was dry and did not result in the discovery of economically recoverable reserves.
14) The normal "cost center" under full cost accounting is the individual oil and gas property or field.
15) Journal entries for the transactions using the successful efforts method of accounting would be as follows:
a) Debit Geological and Geophysical Expense $350,000
Credit Cash $350,000
b) Debit Lease Acquisition Cost $1,800,000
Credit Cash $1,800,000
c) Debit Dry Hole Expense $2,345,000
Credit Cash $2,345,000
d) Debit Successful Exploratory Well Cost $3,015,000
Credit Cash $3,015,000
e) Debit Production Facility Cost $1,135,000
Credit Cash $1,135,000
f) Debit Production Cost $125,000
Credit Cash $125,000
16) The costs should be treated as follows under the successful efforts and full cost methods of accounting:
- Successful efforts method:
Expense: Acquisition Costs, G&G Costs, Exploratory dry holes, Production costs
Capital: Successful exploratory wells, Development wells, Production facility costs
- Full cost method:
Expense: Production costs
Capital: Acquisition Costs, G&G Costs, Exploratory dry holes, Successful exploratory wells, Development wells, Production facility costs
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How often are financial statements
released?
Answers
Answer:
Once per year
Explanation:
The law requires businesses to prepare their financial statements and reports every year or twelve months. A business's financial period should not exceed 12 months. All firms must prepare their financial reports to the relevant stakeholders at the end of every financial period.
Shareholders, investors, business partners, and the government are some of the users of the company's financial reports. The law expects the business to present their financial statements at the end of every period. However, companies may prepare reports in between the financial period for their internal use.
i will give brainiest to the answer that is right
Answers
Answer:
D. 14.99%
Explanation:
In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of following a federal regulation. lowering prices for customers. reducing the risk for consumers. creating a new or better product.
Answers
Answer:
The answer is reducing the risks for customers.
Explanation:
Businesses in a competitive market do many things to outshine their competitors. One of such things is offering a warranty to help pay for future damages. A warranty is simply an assurance that the business would be willing to help if a customer experiences challenges from use of the product sold by the business outfit. The business would either get the product fixed or give a new one to the customer with no additional cost.
Customers/consumers love warranty because it gives them full assurance and sense of security. As such, any business which offers warranties on their products would be seen as prepared to help reduce the risk for consumers of ther products.
Answer:
C
Explanation:
To provide better access and possibly reduce the number of workers needed, work cells may be designed in the shape of what letter of the alphabet?
Answers
Work cells may be designed in the shape of the letter U to provide better access and possibly reduce the number of workers needed.
Work cells are designed to improve the efficiency of manufacturing processes by grouping together the necessary equipment and workers to produce a specific product or service. One way to optimize the use of space and personnel in work cells is to arrange the equipment and workstations in a U-shape.
This design allows workers to have better access to the equipment and materials they need to complete their tasks, as well as better communication with each other. Additionally, the U-shape can help reduce the number of workers needed by eliminating unnecessary movement and transportation of materials, ultimately improving productivity and reducing costs.
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When an economist points out that you and millions of other people are interdependent, she is referring to the fact that we all.
Answers
Based on the provided information, she is referring to the fact that we all rely upon one another for the goods and services we all consume.
Who is an economist?An economist can be regarded as an expert that focuses on international business as well as politics and financial activities of an organization or a nation.
An economist usually point out that we all rely upon one another for the goods and services we all consume and this makes an economy.
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
FILL IN THE BLANK. Giving hr managers full control access to files in a folder called hr policies while giving hr representatives read-only access to the files in the same hr policies folder is an example of ___ access controls
Answers
Giving HR managers full control access to files in a folder called HR policies while giving HR representatives read-only access to the files in the same HR policies folder is an example of role based access controls.
What is role based access control?It is a term in computer system security which means giving the right access to the authorized users only. The role based access control restricts the access to the system for unauthorized users, so it secures the system from unwanted changes. The role based access control involves certain permission settings and privileges based on what is the role of the users and whether the user is an authorized personnel to perform any change to the system or data.
Your question is incomplete, but most probably the answer choice were:
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People are living paycheck to paycheck why is that a problem
Answers
the element of fraud which is easiest for companies to eliminate is:______--
Answers
The element of fraud which is easiest for companies to eliminate is the opportunity
Fraud is the deliberate misrepresenting of a fact that is done in order to obtain an illegal or unfair advantage. Even if it hasn't resulted in a loss of money, property, or legal rights, fraud can be regarded as a component of both criminal and civil wrong. A firm's internal controls or procedures may be inadequate or vulnerable, which presents an opportunity for fraud.
It can be a difficult and continuing process to find and fix these flaws, one that needs constant evaluation. The part of the triangle that business owners can probably influence the most easily is opportunity. No matter how angry or desperate staff members are, they can only engage in fraud if given the chance to do so. Therefore, implementing and enforcing effective internal controls is one strategy to manage opportunity.
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True/False: behavioral economics can be used to help push people into decisions that could be in their long run self-interest without depriving them of individual choice.
Answers
The statement is True. Behavioral economics is based on the understanding that people often make decisions that are not in their best long-term interests, due to biases and heuristics that influence their thinking.
What is the reason?By using behavioral insights, policymakers and businesses can design interventions and nudges that help people make better choices without depriving them of their freedom to choose.
For example, opt-out policies for retirement savings plans or healthy food options in cafeterias can encourage people to make choices that align with their long-term self-interests while still allowing them to opt-out if they choose to do so. In this way, behavioral economics can be used to promote individual choice while guiding people towards decisions that will benefit them in the long run.
Hence, its true.
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Your classmate is telling you how they plan to become financially secure.
Which of the following factors can help him do so?
saving money
both saving and investing money
investing money
neither saving nor investing money
it is not just the answer "Saving money" i already took the test and that answer was wrong
Answers
Answer:
both saving and I vesting
True or False: An ethical decision framework is useful because it can be relied on to give the manager guidance when considering ethical questions. True false question. True False
Answers
The ethical decision framework is useful for providing guidance to the manager.
What is an ethical decision framework?This is the document that gives a provision of the steps that have to be taken by an organization when they are faced with ethical dilemmas.
The answer to this question is true. The framework is useful for the provision of guidelines.
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Which answer best shows all of the elements you need to conside
Orisk and return
O liquidity, risk, time, and return
O return and liquidity
O time, risk, and liquidity
Answers
When making an investment, one must take into conside all four that are Liquidity, risk, time, and return.
What is a reasonable investment return period?Most investors consider an average yearly rate of return of 10% or above to be a respectable ROI for long-term stock market investments. Remember, though, that this is an average. There will be years when the returns are smaller, maybe even negative. There will be years with noticeably higher returns.
What exactly is investing risk return?A fundamental tenet of investing is the risk-return tradeoff, which states that the potential gain increases with risk. Investors must take into account a variety of aspects, including as their general risk tolerance, their ability to replenish lost cash, and more, in order to determine the right risk-return tradeoff.
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under the pregnancy discrimination act, a. employers may not refuse to hire a pregnant woman, fire her, or force her to take maternity leave. b. the bfoq defense is not available. c. employers must give family leave to fathers of newborns as well as to mothers.
Answers
Under the Pregnancy Discrimination Act (PDA), employers may not refuse to hire a pregnant woman, fire her, or force her to take maternity leave.
What is PDA?PDA is a federal law that prohibits discrimination based on pregnancy, childbirth, or related medical conditions. Pregnancy discrimination is discrimination against women on the grounds of pregnancy or childbirth. This discrimination can manifest in a variety of ways.
According to the PDA, an employer cannot discriminate against an employee or job applicant because of her pregnancy or a pregnancy-related medical condition. An employer cannot force a pregnant employee to take leave or ask her to leave because of her pregnancy.
A pregnant employee has the right to work until the time she is no longer able to perform her job. An employer must offer the same treatment to a pregnant employee as to any other employee who is temporarily disabled.
In addition, the PDA applies to all aspects of employment, including hiring, promotion, pay, training, job assignments, and fringe benefits.
It also includes health insurance, leave, and retirement benefits. Any type of discrimination or harassment based on pregnancy, childbirth, or related medical conditions is illegal under the PDA.
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Helpp!!!
What type of Economy do we have in the United States?
A. Market
В.Mixed
C.Command
D. Traditional
Answers
Answer:
mixed
the us economy has a mixed economy
The Consumer Price Index is a way that the U.S. government measures ____.
Answers
Answer:
prices of all goods and services bought by US households
Explanation:
There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $50,000, $25,000, and− $10,000 under these states of nature, respectively, what is the EMV of the factory?
Answers
The EMV of the factory is $13,334
Expected Monetary Value (EMV) is a statistical technique used in decision analysis to calculate the average value of the outcomes of a decision in terms of monetary value, by weighting each possible outcome by its probability of occurrence.
The EMV (Expected Monetary Value) of the factory is calculated by multiplying the probability of each state of nature by the corresponding profit and summing the results
Since there are three equally likely states of nature, the probability of each state is 1/3.
Therefore, the EMV of the factory is
(1/3) x $50,000 + (1/3) x $25,000 + (1/3) x (-$10,000)
= $16,667 - $3,333
= $13,334
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A teacher purchased a bedroom set for $1,752, after a $125 down payment, using a 12-month deferred payment plan with an APR of 17.50% compounded monthly. Determine the total amount paid if, after the deferment period, the teacher pays $103.56 per month, for 24 months, until the balance is paid off.
$1,958.07
$2,485.44
$2,610.44
$2,089.06
Answers
The total amount paid by the teacher for the loan is $2,610.44. The correct answer is option C.
What is loan?A loan is a financial transaction in which a lender gives money to a borrower, who is then obligated to repay the money with interest over a set period of time. Loans can be secured or unsecured, with secured loans requiring collateral such as a house or car to be put up as security, while unsecured loans do not require collateral but often come with higher interest rates. Loans can be used for a variety of purposes, such as buying a home, financing a business, or paying for education. The terms of a loan, including the interest rate, repayment schedule, and any fees, are outlined in a loan agreement, which both the borrower and lender must sign. Defaulting on a loan can have serious consequences, such as damage to credit scores and legal action by the lender.
Balance after 12 months = $1,752 - $125 = $1,627
Monthly interest rate = APR / 12 = 17.50% / 12 = 0.01458
Total amount paid = \(103.56 x [(1 - (1 + 0.01458)^-^2^4) / 0.01458] + ($1,627 * (1 + 0.01458)^1^2)\)
Total amount paid = $2,610.44 (rounded to the nearest cent)
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23) What happens to the premiums for yearly renewable term insurance as an insured gets older?A) They increase at an increasing rate.B) They increase at a decreasing rate.C) They decrease at a constant rate.D) They remain level.
Answers
When the policy is renewed, the premiums increase at a constant rate.
As a result, Option A is correct.
The monthly or yearly premiums known as premiums in an ART policy continue on a one-year contract basis.
They may raise the cost of renewing the insurance contract.
The premium will rise as the insured grows older. The policy pays a death benefit that remains the same even after the contract is extended.
As an insured person ages, the likelihood of death increases, putting the insurance company at greater risk of having to pay out a death benefit.
Age is one of the primary factors that contribute to term insurance premium increases during the calculation process. In other words, term insurance premiums rise with the age of the insured policyholder.
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The smaller the GDP, the larger the economy.
Answers
Answer:
Real gross domestic product is an inflation-adjusted measure
price levels and provides a more accurate figure of economic growth
This means that if inflation is positive, real GDP will be lower than nominal, and vice versa