Rhetoric was the primary element of composition and speaking speech delivery in classical Greece and Rome, both of which were essential abilities for individuals to utilise in both ancient public and private life.
Citizens in ancient Greece spoke for themselves rather than having experts, such as modern lawyers, speaking on their behalf. One can better understand the present by studying history. Consider studying ancient history if you're interested in learning how the art of public speaking has changed over time. About 2,500 years ago, in ancient Athens, public speaking was invented. Men were expected to speak as part of their civic responsibilities, which included doing so in legislative bodies and in court.
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1. According to Starbucks Chairman Howard Schultz, "Consumers now commonly engage in a cultural audit of [product and service] providers. People want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Social responsibility makes the environment much more friendly as well as enhances the bond between the company and the employees.
Who is a consumer?The person who purchases a thing or receives a service is known as a consumer. A consumer is essentially someone who pays for a good or service.
According to the chairman, he suggested that consumer not only seize the product but also sees how the environment, as well as the employees, are being treated at this point in time. This increased the company's social responsibility which impacted both the companies as well as the consumers.
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All of the following developments would be considered material nonpublic information EXCEPT:
Information about a firm that has not been made public but that may have an impact on the share price is referred to as material nonpublic information.
The required details for material nonpublic information in given paragraph
Holders of material information that is not generally known are not permitted to use the knowledge for stock trading purposes. Sharing this information with anyone who utilize it to gain an advantage in the marketplace is likewise prohibited. It doesn't matter how or by whom the crucial private information was obtained, or even if the source was a worker for the firm. Assume, for instance, that someone tells a buddy about nonpublic material information that they learned from a family member.
All three parties involved may face charges if the buddy takes advantage of this insider knowledge to make money on the stock market.
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Why do economic members choose according to the principle that marginal benefit equals marginal cost?
Economic members will choose based on the principle of marginal benefit equaling marginal cost because at this point, resources are being utilized efficiently.
What is the meaning of marginal benefit equals marginal cost?The principle that marginal benefit equals marginal cost refers to economic members producing goods or making decisions at the point where the benefit of each additional unit is equal to the cost of that unit.
The reason for this is that at this point, resources are most efficiently being utilized. This is because marginal benefits are not so large that resources are being underutilized, and marginal costs are not so large that resources are being over utilized.
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How do immigrants help the aging population of Florida?
Answer: by infusing Florida with young workers
Explanation:
You're looking into life insurance. If you don't want to pay premiums all your life but want a policy that is in force your entire life, which policy should you buy?
A.
limited–payment life policy
B.
whole life policy
C.
universal life policy
The policy that should be bought is the Limited payment life policy
A particular kind of whole life insurance called limited pay life insurance enables payment for the whole cost of the protection up front for a predetermined period of time. If a person has a whole life insurance policy but would want to pay for the whole cost of the premiums over a certain time period rather than throughout their entire life, they can choose limited payment life insurance.
When someone chooses this course of action, it is typically because they purchased a whole life insurance policy in their latter years. Suppose, however, that a person desires to be paid a monthly dividend or cash value from their insurance during retirement. In that situation, limited payment life insurance is a wise substitute since it does away with the requirement for retirement premium payments.
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Answer: a
Explanation: i got it right on edmentum
Which of the following is a correct explanation for why the aggregate demand curve slopes downward?
a. As the price level decreases exports become more expensive overseas and imports become relatively less expensive domestically, and thus net exports rise.
b. As the price level decreases, the real value of cash balances increases total expenditures rise.
c. As the price level decreases consumers substitute more expensive goods for less expensive choices.
d. As the price level decreases the labor force increases
As the price level decreases, the real value of cash balances increases total expenditures rise is a correct explanation for why the aggregate demand curve slopes downward.
As the price level falls, real wealth or the value of money rises, or at lower prices, more items may be purchased for the same amount of money. As a result, a rise in wealth increases overall spending.
The aggregate demand curve moves to the right as aggregate demand rises. When AD is shifted to the right, the supply curve is cut at higher prices and higher output. Therefore, as aggregate demand rises, so do price and supply.
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What is massinfluence
Mass influence is the actual force which is exerted by a media message, resulting in either a reinforcement or change in audience or individual beliefs.
As per the media Psychology, the effect of mass media on the manner, actions, and contemplations of the individuals and audiences is called mass influence. As, this influence can be thus negative or positive.
The certain types of mass media such as the radio, newspaper, magazines, the internet, and the television are said to be the influence. Thus, mass media has influenced education, public opinion, popular culture, and as well as the depiction of society.
Hence, technology used in order to reach a mass audience.
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What is the main difference between a bank and a credit union?
a. Banks exist to make a profit; credit unions re-invest profit to benefit members.
b. Banks offer higher-yield interest rates than credit unions.
c. Unlike banks, credit unions do not have online banking.
d. More services are offered by banks than by credit unions.
The main difference between a bank and a credit union Banks exist to make a profit; credit unions re-invest profit to benefit members.
What is the primary distinction between a credit union and a bank?Although the two financial-institutions perform comparable functions, they each provide unique benefits to their members. The main distinction between a bank and a credit union is that the former is a for-profit organization, while the latter is a non-profit one.
Quizlet: What distinguishes a bank from a credit union?Banks are for-profit institutions that are paid by their investors and owned by a board of directors. Customers' money is insured by the FDIC (Federal Deposit Insurance-Corporation) in the event that a bank fails. Up to $250,000 in cash. Credit-unions are owned by their members and are not for profit.
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Jack has just purchased his first surfboard from ABC Surf Shop (ABCSS), in Waikiki. While walking down Kuhio St., on his way home with his new surfboard, Jack hears someone call out his name. Jack immediately turns around and unbeknownst to Jack, Sarah is right behind him and gets hit in the face with Jack’s new surfboard. Sarah is rushed to the hospital emergency room with a concussion and a broken tooth. The cost of the emergency room visit was $1,200 and the dental work cost $4,000.
The issue that we are presented with here is that Jack has caused Sarah to be injured mistakenly because he was called from behind by her. The rule would be for him to take her to the clinic. The conclusion is that no party is at fault.
What is the summary of the situation that we have here?The summary on this situation is that an injury has occurred and the source of the injury is Jack. But unlike other situations that he may be held liable, the situation that led to the problem tells us that it was a mistake.
The issue
The issue is that Sarah has gotten injured through Jack after she called him from the back. He may have been startled by her.
The rule 'The rule that is to be applied here would be for Jack to effectively and immediately take her to the hospital so that she would get treated.
The conclusion
The conclusion that we can get from the scenario is that we cannot hold Jack liable for the injury. This was due to the fact that he did not act with the attempt to hurt her. He also did what was expected of him after the injury occurred.
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Complete question
IRAC Scenario
Jack has just purchased his first surfboard from ABC Surf Shop (ABCSS), in Waikiki. While walking down Kuhio St., on his way home with his new surfboard, Jack hears someone call out his name. Jack immediately turns around and unbeknownst to Jack, Sarah is right behind him and gets hit in the face with Jack’s new surfboard. Sarah is rushed to the hospital emergency room with a concussion and a broken tooth. The cost of the emergency room visit was $1,200 and the dental work cost $4,000.
Issue:
Rule:
Analysis:
Conclusion:
At their accounting meeting, Philipe tells Justin to stop making foolish comments. Justin, who felt he was being treated unfairly, says nothing for the remainder of the meeting. In this example, Justin was acting _______.
a.
Positively
b.
Assertively
c.
Arrogantly
d.
Passively
As per the given example, the act that has been shown by Justin in the given case is of being passive. Justine was acting passively. Hence, Option D is correct.
What is passive behavior?Passive behavior entails remaining silent in response, keeping emotions to yourself, hiding emotions from others, and possibly even keeping emotions hidden from themself.
Passive behavior frequently entails dishonesty and allowing others to violate others constitutionally protected right to respect and dignity. Depending on the person's overall personality type, the passive personality trait can manifest in a variety of ways.
Therefore, Option D is correct.
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difference between the liquid asset ratio and the current ratio from an analysis
viewpoint.
Answer:
Current Ratio
Liquid Ratio
Definition
The Current Ratio is the ratio between the Current Assets and the Current Liabilities of a company.
The Liquid Ratio is the ratio between the Liquid Assets and the Current Liabilities of a company.
Purpose
The Current Ratio helps the firm assess its capability to meet any short-term obligations that may arise while conducting business.
The Liquid Ratio helps a firm assess its capability to meet any urgent requirements for cash that may arise while conducting business.
Current Assets
The Current Ratio includes all the Current Assets of the business.
The Liquid Ratio includes only those Current Assets that the firm can liquidate to cash within the next ninety days.
Inventory
The Current Ratio includes the inventory stock of a firm.
The Liquid Ratio excludes the inventory stock of a firm.
Ideal Ratio
Although anything more than 1 is the ideal scenario for a company, a Current Ratio of 2:1 is preferable.
The ideal Liquid Ratio for a company is more than 1.
Approach for Paying Debt
The Current Ratio is a much more relaxed method of finding out whether a company can repay its creditors in case of an emergency.
The Liquid Ratio is a much more stringent method of finding out whether a company can repay its creditors in case of an emergency.
Comparison
The Current Ratio will be naturally higher for a company that has a higher stock of inventory.
The Quick Ratio will be naturally lower for a company that has a higher stock of inventory.
Marigold Corporation purchased 4,000 shares of its $8 par value common stock for $268,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,400 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions.
When shares are purchased, the Cash account is credited and the Treasury Stock account is debited. The Additional Paid-In Capital account should be credited if the proceeds are greater than the initial cost.
August 1 Treasury stock a/c..........dr 268000
To Cash a/c 268000
December 1 Cash a/c (2400 x 73)...................dr 175200
To Treasury stock a/c 160800
To Additional paid-in capital 14400
For the purchase price, the journal entry will credit cash and debit treasury stock. The journal entry is to credit treasury stock and paid-in capital from treasury stock if the corporation reissues all shares of treasury stock at a price greater than what it paid to purchase them.
The term "treasury stock," sometimes known as "treasury shares" or "reacquired stock," refers to previously issued stock that the issuing company buys back from stockholders. As a result, there are fewer shares outstanding overall on the open market.
Treasury stock is a sort of reserved stock usually used to raise capital or fund future investments. Companies might use treasury stock as a source of funding for investments or acquisitions of competitors.
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Match each description with the correct key term. Group of answer choices the total dollar value of all final goods and services produced in the country in a given time period [ Choose ] the value of gross domestic product adjusted for inflation [ Choose ] the value of the GDP at current prices [ Choose ] refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power [ Choose ] s a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services [ Choose ]
Gross Domestic Product - The total dollar value of all final goods and services produced in the country in a given time period.
Real Gross Domestic Product - The value of gross domestic product adjusted for inflation
Nominal Gross Domestic Product - The value of the GDP at current prices
Monetary policy - It refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power
Consumer Price Index - It is a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services.
What are these component of?All as explained above are part of National income, which involves variety of measures of output used in economics to estimate total economic activity in a country or region.
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Consider an asset that costs $655,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $133,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?
The after tax cash flow from the sale of the asset at the end of its seven year life span is $145,994.29.
What is the after tax cash flow?The after tax cash flow is the cash flow calculated after taxes have been deducted. Tax is a form of transfer of wealth from the private sector to the government. Tax is the compulsory amount that is deducted from the income of an individual or company.
After tax cashflow = value after the sale - tax(salvage sale - Book value)
Book value = value of the asset - accumulated depreciation
Annual depreciation = ($655,000 - 0) / 7 = 93,571.43
Accumulated depreciation = 93,571.43 x 5 = $467,857.14
Book value = $655,000 - $467,857.14 = $187,142.86
After tax cashflow = $133,000 - 0.24($133,000 - $187,142.86)
$133,000 - (0.24 x -54,142.86)
$133,000 + 12,994.29 = $145,994.29
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You are a mid-level manager at a water distillation and filtration plant that provides five gallon bottles of water to consumers and businesses. Your organization produces three types of water that are marketed:
Distilled bottles (7$/bottle) that are typically used by businesses in the medical and chemical industries
Spring bottles (5$/bottle) that are typically used by consumer households
Artesian bottles (10$/bottle) that are typically used by high-end hospitality businesses
Unfortunately, your production plant suffered a mechanical breakdown. One of the lines is not operational, and therefore one of the specific types of water will not be produced for one month. Recognizing that it is off-season for tourists in your region, your direct manager has decided to stop production of Artesian water. You are tasked with emailing your largest hospitality client, Golden Mango Resort. You must inform them that you will not be able to provide their Artesian water order. It is possible that you may substitute their ordered water for another type of water. How are you going to deliver the bad news?
The appropriate way to inform the hotel about the breakdown situation of the production plant and the proposal to solve the problem caused to the hotel is by means of a letter in formal and proactive language.
What is a letter?A letter is a term to refer to a means of written communication through which we can send a message to another person. Letters were a means of communication used for much of history. However, in recent years they have been replaced by emails and instant messages.
How to write a formal letter?A formal letter is generally a document that a sender sends to a receiver to formally inform, request or communicate a specific event. Generally, this type of language is used in the workplace between companies, employee - employer, students - teachers, scientists, entrepreneurs or others.
Sample formal letter for Golden Mango ResortSan Francisco, CA. St 7 - 54
October 18, 2022
Margaret Brennan.
Cordial greetings Mrs. Margaret Brennan, I respectfully communicate with you to inform you that in recent days one of our production plants suffered a mechanical breakdown and its repair will take at least a month to return to producing the amount before.
In response to this situation, the directors of our company have made the decision to pause the production of artisanal water bottles that we had been selling to Golden Mango Resort given the low number of tourists in the region. Due to the above, we will not be able to fulfill your request for artisanal water from the last month.
On the other hand, we want to offer you an alternative with our line of spring bottles that are half the value of craft bottles. I apologize in advance for this situation and await your response.
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Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate
farms, parks, commercial projects, and private lawns. It has a centrally located factory in a US city that manufactures the products it
markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six
metropolitan areas.
The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and
maintain the high quality of its products.
Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO) Working with him from
the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a
major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line managers to supervise the fargory employees. The factory makes all of
the parts for the irrigation systems. The purchasing department is managed by Helen Hines
The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local
installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by
the home office under Henry Writer's direction because of the uniqueness of the company's products.
There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee
paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales
and marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management Accountants and holds a certificate in management accounting She
has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the
financial records.
A partial list of Waterways' accounts and their balances for the month of November follows.
Accounts Receivable
Advertising Expenses
Cash
Depreciation-Factory Equipment
Depreciation Office Equipment
Direct Labor
Factory Supplies Used
Factory Utilities
Finished Goods Inventory, November 30
Finished Goods Inventory, October 31
Indirect Labor
Office Supplies Expense
Other Administrative Expenses
Prepaid Expenses
Raw Materials Inventory, November 30
Raw Materials Inventory, October 31
Raw Materials Purchases
Rent-Factory Equipment
Repairs-Factory Equipment
Salaries
Sales Revenue
Sales Commissions
Work In Process Inventory October 31
Work In Process Inventory, November 30
$275,500
54,400
258,900
16,700
2,400
41,600
17,000
10.200
69,300
72,100
48,100
1,700
72,500
41,400
52,400
38.200
185,300
47,200
4,600
324,900
1345,900
40,500
52,200
41.800
Answer:
Cost of goods manufactured schedule: $ Beginning raw materials inventory 38000 + Cost of raw materials purchased 184500 - Ending raw material inventory balance -52700 Raw Material used 169800 + Direct Labour cost 42000 + Manufacture
This interview type is used to determine which applicants have the necessary qualifications and will continue to the next level of interviews.
a.
Group interview
b.
Performance interview
c.
Stress interview
d.
Screening interview
Answer: D
Explanation: Screening interviews are conducted to determine if an applicant is qualified for a job and it is typically the first round of hiring process
Propose ways on how Pacific Airlines may succeed in their organizational restructuring using the concept of organizational management levels.
If Pacific Airlines can guarantee that their employees are following the established procedures and not straying from them, together with the appropriate staffing of personnel according to skills, they may be successful in their organisational restructuring.
If Pacific Airlines makes sure that employees follow established protocols and do not deviate from them, including proper staffing of personnel according to talents, they may be successful in their organisational restructuring.
They must also maintain the ability to adapt to environmental changes that might necessitate changing the focus of their efforts. Finally, they must make sure that broad intentions are translated into actionable programmes.
Every time a topic of policy or procedure is evaluated, Pacific Airlines must also implement new processes and procedures as needed in the organisational tactics, including thinking and acting strategically. Similar to how organisational policy must be tightly matched with operational requirements.
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What is the great resignation
Beginning in early 2021 in the wake of the COVID-19 outbreak, a widespread economic movement known as "The Great Resignation" saw employees willingly quit their jobs in large numbers.
What was the reason behind great resignation?The high rate of resignations among American workers that began in the spring of 2021, when there was a high demand for labor and a low unemployment rate but the COVID-19 pandemic's intensity was being lessened by vaccinations, is known as "The Great Resignation."Calculations indicate that the Great Resignation led to an uptick in inflation of up to 1.1 percentage points. It's interesting to see that the contribution to inflation increased as the pandemic problem grew worse. At its peak in May 2021, this inflationary pressure reached a plateau before dipping somewhat in September 2021.Learn more about COVID-19 here:
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There are six workers, one at each of the six stations (A-F). They begin their workday at 8:00 a.m. and work steadily until 4:00 pm. (They are replaced with other workers for breaks and lunches, but the production is not slowed or stopped during these times.) Their hourly wage rate is $25 per hour. You can assume unlimited demand.
What are the direct labor costs (you can ignore any start-up or empty system effects)associated with producing one razor, in dollars?
The direct labor costs is $ 1500
What is Direct Labor Costs?
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labor costs. The overall direct labor cost exceeds wages paid by a significant amount.
Any employee directly involved in a product's manufacturing is referred to as direct labor.
Calculation for What is the process capacity in razors/hour
Based on the information given we would be using process capacity of station D Assembly 3:
Process capacity of D = 1/60*60sec * 60 mins
Process capacity of D = 1/60*3600 razors per hour
Process capacity of D = 60
Therefore, the process capacity in razors/hour will be 60.
Since, their hourly wage rate is $25 per hour. Therefore, the direct labor costs is
= 60 * 25
= $ 1500
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1. In your own words, explain what ethics is.
2. The video states that "codes of conduct express relevant ethical standards for many professions, such as medicine, law, journalism, and accounting." Brainstorm 3 possible codes of conduct for one of these professions.
The term ethics is in a broader sense, considers how people interact with one another and with nature, as well as their own freedom, responsibility, and sense of justice.
The possible codes of conduct for medicine professions are:
Non-maleficenceBeneficenceHealth maximizationWhat are the rules of conduct for professionals?In order to understand what is morally right or wrong, just or unjust, ethics explores the intellectual justifications for our moral judgments.
Therefore, professional code of conduct is a statement that informs staff members of how they should conduct themselves while representing their employer. The company's values, sanctions, and obligations are just a few examples of the components that can be found in a code of conduct.
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Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
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Which of the following statements is correct? (Pick One)
The correct statement is if supply decreases and demand decreases, there would be an indeterminate change in equilibrium price.
What is the correct statement?The supply curve is a positively sloped curve that shows the relationship between price and the quantity supplied. The demand curve is a negatively sloped curve that shows the relationship between price and the quantity demanded.
If supply decreases, the supply curve would shift to the left. Price would increase and supply would decrease. If demand decreases, the demand curve would shift to the left. Price and quantity would decrease. Taking both the decrease in supply and demand together, there would be an indeterminate change in price and and a decrease in equilibrium quantity.
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Which is not a general lien?
Answer:
This is different from a specific lien, which is against a specific piece of property. A typical home mortgage or car loan is an example of a specific lien.
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Networking is the most effective search method for finding job leads.
Please select the best answer from the choices provided
10
OT
OF
The given statements of networking is true.
Networking
Making relationships with others who have similar interests for social or business goals is referred to as networking. More often than not, it is the moniker offered to business contacts in order to advance one's professional career. People typically join networking organisations based on a single common interest shared by all members. A professional affiliation, such as stockbrokers, is the most visible. Nonetheless, some people find excellent networking opportunities through a college alumni association, a social group at a church or synagogue, or a private club.
Professionals may network in order to identify contacts who can assist them with future business or career opportunities. It is a highly successful method for generating employment leads and establishing career objectives.
Since A(true) is the correct answer.
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Required information
[The following information applies to the questions displayed below.)
The transactions listed below are typical of those involving New Books Incorporated and Readers' Corner. New Books is a
wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books
to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the
following transactions between the two companies occurred in the order listed during the year ended August 31.
a. New Books sold merchandise to Readers' Corner at a selling price of $625,000. The merchandise had cost New Books
$445,000.
b. Two days later, Readers' Corner complained to New Books that some of the merchandise differed from what Readers'
Corner had ordered. New Books agreed to give an allowance of $11,000 to Readers' Corner. Readers' Corner also
returned some books, which had cost New Books $3,500 and had been sold to Readers' Corner for $5,000.
Just three days later, Readers' Corner paid New Books, which settled all amounts owed.
Required:
1. For each of the events (a) through (c), indicate the amount and direction of the effect on New Books in terms of the following items.
(Enter any decreases to account balances with a minus sign.)
Transaction
a.
b.
C.
Sales
Revenues
625,000
Sales
Returns
5,000
Sales
Allowances
11,000
Net Sales
Cost of
Goods Sold
445,000
Gross Profit
Solve for C.
When accounting for inventory through financial reporting, proper inventory valuation is crucial. The inventory balance of Readers' Corner will increase by $580,500 net.
What is meant by Inventory balance?Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.
The effects (direction and amount) of each transaction on the Inventory balance of Readers' Corner exist as follows:
Transaction Effects on Inventory Balance
a) +$595,000
b) -$14,500
c) None
Balance $580,500
The inventory balance will not contain the cash payment of $580,500 earned by Readers' Corner because the transaction does not concern the inventory account unlike transactions (a) and (b).
a) August 31: Cost of merchandise = $595,000
Inventory $595,000 Accounts Payable (New Books) $595,000
b) September 2: Trade Allowances = $14,500
Accounts Payable (New Books) $14,500 Inventory $14,500
c) September 5: Cash payment = $580,500
Accounts Payable (New Books) $580,500 Cash $580,500
Therefore, the inventory balance of Readers' Corner will increase by $580,500 net.
The complete question is:
The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Book is a wholesale merchandiser and Readers’ Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers’ Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31. (a) New Books sold merchandise to Readers’ Corner at a selling price of $595,000. The merchandise had cost New Books $433,000.(b) Two days later, Readers’ Corner complained to New Books that some of the merchandise differed from what Readers’ Corner had ordered. New Books agreed to give an allowance of $14,500 to Readers’ Corner. (c) Just three days later, Readers’ Corner paid New Books, which settled all amounts owed. Indicate the effect (direction and amount) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.)
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Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance. Volvo, his employer, has a 21 percent marginal tax rate. The health insurance will cost Lars $8,500 to purchase if he pays for it himself through the health exchange (Lars’s AGI is too high to receive any tax deduction for the insurance as a medical expense). Answer the following questions about this benefit. (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.)
b. What would be the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000?
c. Assume that Volvo could purchase the insurance for $5,000. Lars is interested in getting health insurance, and he is willing to receive a lower salary in exchange for the health insurance. What is the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance?
b) the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000 will be $3000
c) the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance will be $5000
A tax deduction is something you can take out of your taxable income in order to pay less in taxes overall. On Schedule A of your income tax return, you have the option of taking the standard deduction—a single deduction with a set dollar amount—or itemizing deductions.
b) Calculate the after-tax cost to the company Volvo of providing Mr. Las Osberg with health insurance.
Health Insurance = $5000
Marginal Tax Rate = 40%
The after-tax price can be calculated using the formula below.
After-Tax Cost = [Health Insurance * (1 - Marginal Tax rate)]
= 5000 * (1 - 40)
= 5000 * 0.60
After-Tax Cost = $3000
As a result, it will cost Volvo $3000 after taxes to cover Mr. Las Osberg's medical expenses.
c) Choose the salary reduction that Volvo will be willing to make while still agreeing to pay the life insurance sum.
From Las Osberg's wages, Volvo will withhold $5000 to cover the cost of his health insurance. This is carried out because the amount earned when a person receives compensation from the employer in the form of a wage or fringe benefit is deductible.
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Create a Slideshow Presentation Use presentation software to create a slideshow presentation about the career. Your presentation should include the following:: The name of the career Some information you learned from the video Some information you learned from your own research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
i just need the info i don't need the slides i just need the format
The format to make the slideshow presentation about the career is that:
1st slide: An introduction of what career is, and talk about the career of your choosing.
2nd slide: the reasons why that career is important, short note on what you know about that career.
3rd slide: Who can do that job and what they need such as skills, degree, etc.
4th slide: Summary of the career presentation.
What is a slideshow presentation called?A PowerPoint presentation is another name for a PowerPoint slideshow.
Due to the fact that lectures and lesson plans typically start with slides, slide presentations are important.
Therefore, Considering the layout and design of your slide presentations can truly pay off because they can either clarify or bring low an instructor's vocal content.
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Are interest or dividends taxable
In case your taxable hobby profits is more than $1,500 otherwise you received interest as a nominee for the real proprietor, you need to additionally consist of that earnings on agenda B (form 1040 or 1040-SR), interest and everyday Dividends and connect it on your tax go back.
Interest is charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the important sum, at a particular charge. It is distinct from a rate which the borrower may additionally pay the lender or some 1/3 party. Interest is the charge you pay to borrow cash or the cost you price to lend cash. Interest is most usually contemplated as an annual percentage of the quantity of a mortgage. This percentage is known as the hobby fee at the mortgage interest is described as the amount of cash paid for the usage of someone else's money. An example of interest is the $20 that became earned this yr for your financial savings account
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Let's say the production function of an economy.
The production function of an economy is an equation which expresses the relationship between the quantities of productive factors which are used and the amount of product obtained.
The production function tends to explain the utmost quantity of output which can be manufactured by using different combinations of the 2 factors of production which is labour and capital.
This production function of an economy says that a firm can produce one unit of output for every unit of capital or labor it employs. Production functions tend to generally have two important properties which are - positive marginal product and diminishing marginal product of an input.
Hence, the production function represents its relationship between input and output factors.
The given question is incomplete, the complete question is -
Let's say that what is the production function of an economy?
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