The memo analyzes if Charles Corp. can carry its bauxite inventory at its selling price in accordance with ASC 330-10-35-16(b).
How to write the memoBegin with a header section, including your name, position, and the date. Use a clear subject line to indicate the purpose of the memo.
In the introduction, provide a brief overview of the situation, explaining that Charles Corp. extracted bauxite from a leased mine and plans to sell it to aluminum manufacturers. Mention that the memo will analyze whether the bauxite inventory can be carried at its selling price per ASC 330-10-35-16(b).
The main body of the memo should consist of an analysis of the conditions specified in ASC 330-10-35-16(b). Address each condition individually, making any necessary assumptions to evaluate compliance.
a. Discuss the availability of quoted market prices and assume they are generally accessible for bauxite. Explain that this indicates an active market where prices are publicly quoted.
b. Assume the market for bauxite is active, characterized by significant transaction volume and frequent price changes. Explain how this allows Charles Corp. to reasonably determine the selling price of the inventory.
Summarize your analysis and conclude whether the necessary conditions in ASC 330-10-35-16(b) are met for carrying the bauxite inventory at its selling price. Reiterate the availability of quoted market prices and assume an active bauxite market.
Close the memo by emphasizing that it only addresses compliance with ASC 330-10-35-16(b) and does not consider alternative treatments. Invite further communication if additional information or analysis is needed.
Sign off with your name and position for a formal ending.
Ensure your writing is professional, concise, and uses clear language throughout the memo.
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joaquin garcia earns $43,000 a year. his monthly expenses total $3,000. what is the minimum amount of money that he should set aside in an emergency fund?
The minimum amount Joaquin should set aside in his emergency fund is $9,000.
To determine the minimum amount of money that Joaquin Garcia should set aside in an emergency fund, it is recommended to have 3-6 months' worth of living expenses saved.
In this case, Joaquin's monthly expenses are $3,000. Therefore, to calculate the minimum amount for his emergency fund, we can multiply his monthly expenses by the number of months he wants to cover.
Assuming he wants to have a 3-month emergency fund, the calculation would be:
$3,000 (monthly expenses) x 3 (number of months) = $9,000
Therefore, the minimum amount Joaquin should set aside in his emergency fund is $9,000.
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Andrea owns a food truck. Last month, her starting balance was $3,400, her ending balance was $5,300, and her
revenue was $4,700. What was Andrea’s burn rate for last month, and what is her current run rate?
The Burn rate of Andrea's truck for last month is $2800.
What is burn rate?The term "burn rate" refers to how quickly a startup company uses its venture capital to pay for overhead before beginning to see positive operating cash flows. It is a predictor of poor cash flow. Typically, the burn rate is expressed in terms of monthly financial outlays.
The burn rate is commonly expressed as a monthly cash outflow. As a result, the actual amount of money spent by a company in a given month would be a better definition.
To calculate burn rate formula is
Revenue + Starting balance - Ending balance / number of months
Given Revenue= $ 4700
Starting balance= $3400
Ending balance= $5300
Burn rate= (3400 + 4700 -5300) / 1
Burn rate = $2800
Therefore, Andrea’s burn rate for last month was $2800.
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*SKETCH OUT THE PROCESS MODEL with swim-lanes for ordering department and purchasing department
*Do you see a problem in the process?
The purchasing process at a Gris Matière University begins with the administrator in the ordering
department collecting supply needs from different departments. Each department sends in a request
for a purchase order (PO) to the administrator in a standard form.
There are 2 types of POs. Type 1 PO is for stationeries. They arrive at a rate of 1 PO every hour,
from 9 am – 5 pm. Type 2 PO is for special order custom books such as bound books and chapters
from textbooks. They arrive at a rate of 2 POs every 2 hours, from 9 am – 5 pm.
As soon as a request for PO arrives, the administrator refers to vendor catalogs to select the
supplies. This activity takes 10 min. She then completes a purchase requisition (PR) paper form,
which takes 15 min on average, with a standard deviation of 1 min. (Note: This is the normal
distribution. The time should be specified as N(15,1) ).
The PR form is sent through internal mail to the purchasing department. This takes 15 min on
average, and can range anywhere from 10 min to 1 hour. (Note: This is the triangular distribution.
The time should be specified as T(10, 15, 60) ).
The supervisor at purchasing department validates the fields in the PR form. This takes 15 minutes.
Then, he asks the clerk to check whether the ordering department has sufficient funds. The clerk
takes about 10 minutes to conduct this activity. If the department has sufficient funds, then the
order is processed (80%), otherwise the order is rejected and sent back to the administrator.
For type 1 POs, the supervisor faxes the validated PR form directly to the vendor. This activity
takes 5 minutes. For type 2 POs, the supervisor sends the validated PR form along with detailed
specifications for special order by snail mail. This activity takes 20 minutes on average.
A clerk in the purchasing department sends a photocopy of the validated PR form to the ordering
department, and enters the PR information on the computer, which takes 30 minutes.
The clerk gets paid $ 10 per hour. The supervisor and administrator get paid about $ 30 per hour.
The process model for the purchasing department at Gris Matière University involves collecting supply needs, generating purchase orders (POs), validating and processing the orders. There is a potential problem in the process related to the time taken for internal mail delivery between departments.
The purchasing process at Gris Matière University begins with the ordering department collecting supply needs from different departments. The departments submit requests for purchase orders (POs) in a standard form. There are two types of POs: Type 1 for stationeries and Type 2 for special order custom books.
Once a request for a PO arrives, the administrator refers to vendor catalogs to select the supplies, which takes 10 minutes. Then, the administrator completes a purchase requisition (PR) paper form, which takes an average of 15 minutes with a standard deviation of 1 minute. The PR form is then sent through internal mail to the purchasing department, which takes an average of 15 minutes but can range from 10 minutes to 1 hour.
The supervisor at the purchasing department validates the fields in the PR form, which takes 15 minutes. The clerk then checks whether the ordering department has sufficient funds, which takes about 10 minutes. If the department has sufficient funds, the order is processed; otherwise, it is rejected and sent back to the administrator.
For Type 1 POs, the supervisor faxes the validated PR form directly to the vendor in 5 minutes. For Type 2 POs, the supervisor sends the validated PR form along with detailed specifications by snail mail, which takes an average of 20 minutes.
A clerk in the purchasing department sends a photocopy of the validated PR form to the ordering department and enters the PR information on the computer, which takes 30 minutes.
The potential problem in the process lies in the internal mail delivery time between the ordering department and the purchasing department. While the average time is 15 minutes, it can range from 10 minutes to 1 hour. This variability in delivery time can cause delays and affect the overall efficiency of the purchasing process.
To address this issue, it may be necessary to streamline the internal mail system, improve communication channels, or consider alternative methods such as digital submission of forms to reduce the potential delays in the process.
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What is a bank teller?
Answer:
bank teller is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. In some places, this employee is known as a cashier or customer representative. Most teller jobs require experience with handling cash and a high school diploma.
Explanation:
i hope this work
he said to me "no sir I did not quarrel with your servant yesterday"
change into indirect
Answer:
He denied that he quarreled with my servant the previous day
Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
what are the two advantages to assigning market value to natural services and ecosystems?
There are two key advantages to assigning market value to natural services and ecosystems. Firstly, it enables policymakers and businesses to make more informed decisions by factoring in the full costs and benefits of their actions.
Currently, natural services and ecosystems are often undervalued or completely ignored in economic calculations, leading to decisions that prioritize short-term gains at the expense of long-term sustainability. By assigning market value to these services, decision-makers can better understand the true economic impact of their choices and make more sustainable decisions that take into account the value of the natural world. Secondly, assigning market value to natural services and ecosystems can also incentivize conservation efforts.
If these services are given a value, individuals and businesses are more likely to take steps to protect them, whether through conservation efforts, restoration projects, or other means. This is because the market value provides a tangible and measurable incentive for conservation, which can help to drive investment and innovation in this area. Ultimately, assigning market value to natural services and ecosystems can help to ensure that these vital resources are protected and managed sustainably, providing benefits not just for the environment, but also for society and the economy as a whole.
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true or false: many of the items that a firm stocks in inventory are generic regardless of the kind of business it engages in.
Many of the items that a firm stocks in inventory are generic regardless of the kind of business it engages in. This statement is FALSE.
All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory. The three different categories of inventory are raw materials, finished commodities, and work-in-progress. As items are produced or acquired as needed, inventory management enables organizations to reduce inventory expenditures.
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Fill in the missing information from the income statement. Hopewell Corporation Income Statement January 1 to December 31, 2020 (amounts in thousands) Revenue 7,700 Expenses Profit 1,900 What is the value for Expenses ?
Please specify your answer in the same units as the income statement.
Value for Expenses = Revenue – Profit
Expenses = 7700-1900
Expenses = 5800
When an asset is used to produce income, it loses value, and this is what is meant by an Expense. If the underlying asset will be used for an extended length of time, the expense will be deducted ratably over the asset's useful life. It is customary to charge an expense to expense as incurred if it is for something that will be consumed right away, like a salary.
If the cost of the asset purchase falls below the company's capitalization limit, it may be recorded as an Expense. The payment would have been recorded as an expense at a later time, when the asset was used, if the amount paid had exceeded the capitalization limit.
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A common complaint in the US is that we only see two political
parties. How does a parliamentary system allow for more than two
parties? Do you think that's a good thing?
A parliamentary system enables multiple parties, ensuring proportional representation of diverse political views. This system promotes a broader range of perspectives, encourages coalition building, and fosters greater political engagement among citizens.
In a parliamentary system, the number of seats a political party receives in the legislature is proportional to the number of votes it garners in the election. This ensures that smaller parties with significant support can still gain representation, allowing for a more accurate reflection of the electorate's diverse political preferences. Consequently, a multi-party system facilitates the inclusion of various viewpoints and ideologies, enhancing the representation of different interest groups within the political landscape.
Moreover, a parliamentary system encourages coalition governments, where two or more parties form an alliance to establish a majority. This coalition-building process often leads to more balanced policy-making and compromises, as parties with different ideologies work together to find common ground. It can help prevent excessive polarization and promote a more inclusive decision-making process that takes into account a wider range of perspectives.
Additionally, the presence of multiple parties in a parliamentary system can enhance political engagement among citizens. When voters have more options, they are more likely to find a party that aligns closely with their values and beliefs. This can lead to increased voter turnout and participation, as individuals feel their voices are better represented in the political system. Furthermore, smaller parties can serve as catalysts for new ideas and policy innovations, challenging the dominant discourse and driving meaningful debates within the political sphere.
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a) What is the optimal size of the production run? 4,676 units (round your response to the nearest whole number). b) What is the average holding cost per year? \$ (round your response to two decimal places). C) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $11,764.10 ⊤
(round your response to two decimal places). Radovilsky Manufacturing Company, in Hayward, Calfomis, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.500 fashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is 50.05 per light per yoat. a) What is the optimal suze of the production run? units (round your response to the nearest whole number).
The optimal size of the production run for Radovilsky Manufacturing Company is approximately 4,676 units.
The optimal size of the production run, we can use the economic order quantity (EOQ) formula:
EOQ = √((2 * D * S) / H)
Where:
EOQ = Economic order quantity (optimal production run size)
D = Annual demand (12,500 units)
S = Setup cost per production run ($48)
H = Holding cost per unit per year ($0.05)
Plugging in the values, we have:
EOQ = √((2 * 12,500 * 48) / 0.05)
EOQ ≈ 4,675.74
Rounding the result to the nearest whole number, the optimal size of the production run is 4,676 units.
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The first step in human resource planning is to create a job analysis. establish a strategic plan. assess future human resource demand. create an inventory of the organization's employees.
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The answer will be assess future human resource demand. Why? Well, let's consider all the options given. For Human Resource (HR) planning we cannot straight away jump to creating a job analysis without deciding on one job & how much it's worth or important in the future. The second option is to create or establish a strategic plan. That too won't work without knowing which occupation is needed more in the future. 4th -> create an inventory of the organization's employees. Well, that's a no-no, we need to find a future-needy job before selecting the people. So, the 3rd option is the most appropriate answer.
___________
Hope it helps.
RainbowSalt2222
PLEASE HELP ECONOMIC
Paragraph 1 – Make a claim about the positive role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 2 – Make a claim about the negative role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim.
Paragraph 3 – Choose a side. Based on the evidence, which perspective do you agree with more? Write a paragraph to identify your position. Use evidence to explain your choice.
Can someone give a tagline for news and what's its meaning very important thank you
Answer:
A tagline is a catchy, memorable, short phrase that sums up the vision behind the service or product that you are offering. A good tagline could ideally polarise the crowd and appeal directly to your “tribe”.
Martin Company purchases $4,200 of merchandise on March 1, with credit terms of 3/10, n/30. lf Martin pays on March 9, what is the cost of this purchase?
$4,074
$3,780
$4,200
$3,864
It is essential to understand the dates and the related percentages. The credit terms of 3/10, n/30 mean that the buyer can get a discount of 3% if they pay the purchase price within ten days of the purchase date.
The total amount must be paid within 30 days of the purchase date. In this scenario, Martin Company purchased 4,200 worth of merchandise on March 1 with credit terms of 3/10, n/30.
If the company pays on March 9, it is within ten days of the purchase date and can get a 3% discount. Therefore, the cost of the purchase will be calculated as follows:
Purchase price = 4,200
Discount = 3% of 4,200 = 126
Amount to be paid = Purchase price - Discount = 4,200 - 126 = 4,074
the cost of the purchase when Martin Company pays on March 9 is 4,074.
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which landing helicopter dock ship is the permanently designated flagship of the royal australian navy?
The permanently designated flagship of the Royal Australian Navy is the HMAS Canberra (L02), which is a Canberra-class landing helicopter dock (LHD) ship.
The HMAS Canberra was commissioned in November 2014 and is the lead ship of its class, and it has been designated as the flagship of the Royal Australian Navy since it entered service.
The Royal Australian Navy (RAN) is the naval branch of the Australian Defence Force, responsible for defending Australian waters and maritime interests, as well as contributing to international peace and security. The RAN was established in 1911, and it operates a range of warships, submarines, aircraft, and other vessels, as well as supporting infrastructure and personnel.
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the opportunity costs of a decision may include each of the following types of costs except: a. out-of-pocket financial costs
b. nonfinancial costs
c. forgone financial costs
d. sunk costs
With the exception of sunk costs, all of the costs listed in option (d) may be considered opportunity costs when making a decision.
Should sunk costs be taken into account?Since it is believed that they have no effect on short- and long-term financial issues, unnecessary expenses are frequently ignored when making decisions at work. The term "sunk costs" refers to expenditures that have already taken place, whereas "relevant costs" refer to expenditures that will take place in the future but have not yet.
An opportunity cost might be regarded as sunk costs.
When choosing between options, you forfeit opportunity cost. The best option must always be chosen to reduce opportunity cost. A paid-in expense, on the other hand, is referred to as a sunk cost. Since you already paid for it, you can't return it.
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a In a short response of 3-5 sentences, identify a common time-management pitfall that
you have personally experienced or are personally experiencing. Describe what time
management strategies you used to overcome that pitfall or how you will overcome the
"pitfall in the future."
Note that Procrastination is my pitfall. To overcome it, I set specific deadlines for tasks, break large projects into smaller ones and prioritize them, and use reminders to stay on track. I also try to minimize distractions while working.
What is Procrastination?Procrastination is the deliberate and unnecessary delay or postponement of something while knowing that doing so would result in negative repercussions.
It is caused by a variety of factors, including poor self-esteem, worry, a lack of organization, and, simply, an inability to inspire oneself to do unpleasant chores.
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Creating graphs to reach equilibrium
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
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https://brainly.com/question/14297698#SPJ9One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
Based on your understanding of the multi-step income statement, is it possible for a corporation to report a net loss on its income statement, yet well respected Wall Street analysts describe the corporation as highly profitable? Answer this question, by stating "yes" or "no" and provide a numerical example to explain your answer.
Yes, it is possible for a corporation to report a net loss on its income statement, yet well-respected Wall Street analysts describe the corporation as highly profitable.
The reason for this apparent contradiction lies in the fact that net loss reported on the income statement is based on accounting rules and principles, which may not fully reflect the economic reality or the overall financial health of the corporation.
A numerical example can help illustrate this situation. Let's consider a corporation that incurs significant one-time expenses, such as restructuring costs or legal settlements, in a particular reporting period. These expenses are deducted from the corporation's revenue to calculate its net income (or loss) for that period.
Suppose this corporation had revenue of $10 million during the reporting period, but it incurred one-time expenses of $12 million. As a result, the corporation would report a net loss of $2 million on its income statement.
However, the Wall Street analysts, who closely follow the corporation and have access to additional information, may consider factors beyond the net income reported on the income statement. They might focus on the corporation's underlying business fundamentals, growth potential, market share, or future prospects.
In our example, the analysts might assess that the corporation's core operations are highly profitable, its products are in demand, and it has a strong competitive position in the market. They may also consider the potential for future earnings growth and the corporation's ability to generate cash flows. Based on this broader evaluation, they might describe the corporation as highly profitable, despite the reported net loss for the specific reporting period.
Therefore, while the corporation may report a net loss on its income statement, well-respected Wall Street analysts may still describe it as highly profitable due to their consideration of additional factors beyond the net income figure.
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Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $15,000 and the other will earn $7,000. To earn the highest profit, Martha
a. should advertise, and she will earn $5,000.
b. should advertise, and she will earn $15,000.
c. should not advertise, and she will earn $10,000.
d. has no dominant strategy
Answer:
d
Explanation:
Dominant strategy is the best option for a player regardless of what the other player is playing.
The payoffs for Martha if she advertises is either $5000 or $15000
if she does not advertise, it is either $10,000 or 7000
looking at these figures, there is no option that consistently yields a better option. thus there is no dominant strategy
If for example,
The payoffs for martha if she advertises is either $5000 or $15000
if she does not advertise, it is wither $3,000 or 7000
Advertising consistently yields a better option, thus her dominant strategy would be to advertise
Discuss how the concept of Economy, Effectiveness and Efficiency (3E) was applied in the specific government agency in Malaysia (you are free to choose any agency).
The concept of Economy, Effectiveness, and Efficiency (3E) can be applied to the Malaysian government agency, "the Economic Planning Unit (EPU)." The EPU is responsible for formulating policies and strategies for Malaysia's economic development, which has implemented various measures to promote 3E in its operations.
In terms of Economy, the EPU allocates limited resources such as budget and manpower strategically to various sectors, ensuring that government spending is optimized to create a sustainable economic environment. They prioritize high-impact projects and allocate funds accordingly to maintain fiscal discipline.
For Effectiveness, the EPU sets clear targets and objectives in the Five-Year Malaysia Plans, outlining the desired outcomes of various projects and initiatives. They measure the performance and success of these projects by comparing them to the set goals, ensuring that the initiatives effectively achieve their intended purposes.
Lastly, for Efficiency, the EPU continuously evaluates and assesses the progress of various projects, making necessary adjustments to ensure optimal performance. By monitoring and improving the implementation of projects, they ensure that resources are used efficiently to achieve the desired results with minimal waste or duplication.
In conclusion, the Economic Planning Unit in Malaysia effectively applies the concepts of Economy, Effectiveness, and Efficiency (3E) by allocating resources strategically, setting clear objectives and targets, and continuously evaluating the progress of various projects to ensure their success in promoting sustainable economic development.
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The second closing entry for a retail business will include which of the following? a. accounts payable b. dividends c. sales d. cost of goods sold
The second closing entry for a retail business will include the cost of goods sold.
The direct expenses incurred in creating the products a business sells are referred to as COGS. The cost of the materials and labor used directly to make the item are included in this sum. Add the cost of inventory at the start of the year to the purchases made during the year to determine COGS. Subtract the cost of inventory that is still on hand at year's end. The final figure is the annual cost of products sold by your company.
The term "cost of goods sold" is a term that describes expenses that are directly connected to the manufacture of a thing, such as the supplies required to put together a good and the transportation costs to get a good from a distributor to a retailer. On a business's income statement, both kinds of costs are listed as different line items.
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The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:
Answer: Business entity assumption.
Explanation: assume enitities
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the business entity assumption.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
The accounting concept helps improve the recording of the income and position statement of business mainly referred to as financial statements and provides better accuracy of transactions which helps in easy interpretation.
The business entity assumption focused on the individual entity of any business separate from another business entity which makes it unique and distinguishable from others.
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(T/F) A disadvantage of path-goal theory is that its approach could foster subordinate dependency.
The statement "a disadvantage of the path-goal theory is that its approach could potentially foster subordinate dependency" is true because the path-goal theory, developed by Robert House, is a leadership style that focuses on motivating and guiding subordinates by identifying the best path to achieve their goals.
By providing continuous support, direction, and encouragement, leaders following this theory might inadvertently create a dependent relationship between themselves and their subordinates.
This dependency could lead to a lack of autonomy and self-sufficiency among team members, as they may rely too heavily on their leaders for guidance and support. Consequently, this can hinder their professional growth and limit their ability to make independent decisions, resulting in reduced overall productivity and effectiveness.
Moreover, a leader's continuous involvement in every aspect of their subordinates' work might cause the leader to be overburdened, reducing their ability to focus on strategic planning and other high-level tasks. It is essential for leaders to strike a balance between providing guidance and allowing their team members to grow independently, to avoid the pitfalls associated with fostering subordinate dependency in the context of the path-goal theory.
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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
true or false
Becoming financially literate is important because it helps you make smart decisions.
Answer:
True
Explanation:
One of the most important life skills everyone should possess is financial literacy because it helps you take control of your financial future and achieve your financial goals. Strong financial knowledge and understanding can help you overcome poor financial decisions and make better long-term plans.
Answer:
Ture
Explanation:
If you can get one thing out of High School, it is financial literacy. It will help you plan and make strategic decisions about how much to save, what job to get, and when you can get a house.