Innovative team firms should have managers who provide guidance and perspective to the team. Innovation teams require a certain degree of autonomy and creativity,
but they still need some level of guidance to ensure that their efforts are aligned with the overall objectives of the company.
Managers can provide this guidance by offering their perspective and expertise, helping to set priorities, and clarifying goals and expectations.
Additionally, managers can provide support in terms of resources and funding, and can establish the appropriate authority and structure to empower the team to succeed.
While financial awareness is certainly important, it is not the primary focus of managers leading innovative teams.
Instead, their focus is on fostering a culture of innovation, promoting collaboration and creativity, and providing the necessary support and guidance for the team to succeed.
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in which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy? a. private saving is equal to government expenditures. b. public saving is equal to investment. c. after paying their taxes and paying for their consumption, households have nothing left.
In the given cases, national saving and private saving would necessarily be equal for a closed economy in case after paying their taxes and paying for their consumption, households have nothing left. Option C is correct.
In a closed economy, national saving (S) is equal to private saving (Y-T-C) plus public saving (T-G), where Y is income, T is taxes, C is consumption, and G is government expenditures. Investment (I) equals national saving (S) since investment is the portion of current output that is not consumed but instead is used to increase future output.
Therefore, in a closed economy, I=S, and it follows that public saving (T-G) must equal private saving (Y-T-C) for national saving to equal investment.
Therefore, option C is correct.
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Question 3 25 18 A business makes three products, A, B and C. All three products require the use of two types of machine: cutting machines and assembling machines. Estimates for next year include the following: Product Selling price (Rs per unit) 30 Sales demand (units) 2,500 3,400 5,100 Material cost (Rs per unit) 12 Variable production cost (Rs per unit) Time required per unit on cutting machines (hours) 1.0 1.0 0.5 Time required per unit on assembling machines (hours) 0.5 13 10 1.0 0.5 Fixed costs for next year are expected to total Rs 42,000. It is the business's policy for each unit of production to absorb these in proportion to its total variable costs. The business has cutting machine capacity of 5,000 hours a year and assembling machine capacity of 8,000 hours a year. Required: (a) State, with supporting workings, which products in which quantities the business should plan to make next year on the basis of the above information. (Hint: First determine which machines will be a limiting factor (scarce resource).) (b) State the maximum price per product that it would be worth the business paying to a subcontractor to carry out that part of the work that could not be done internally.
The business should produce 2,500 units of Product A, 615 units of Product B, and 5,100 units of Product C. The maximum variable cost per unit for each product, including the proportion of fixed costs to be absorbed, is Rs 17.74 for Product A, Rs 35.29 for Product B, and Rs 17.99 for Product C.
To determine which products the business should plan to make next year and in what quantities, we need to calculate the contribution per unit for each product. The contribution per unit is the selling price minus the total variable cost per unit. The total variable cost per unit includes both the material cost and the variable production cost.
Product A:
Contribution per unit = Selling price - Total variable cost per unit
= 30 - (12 + 1 x 1 + 0.5 x 0.5)
= Rs 16.75
Product B:
Contribution per unit = Selling price - Total variable cost per unit
= 30 - (12 + 1 x 13 + 0.5 x 10)
= Rs 4.50
Product C:
Contribution per unit = Selling price - Total variable cost per unit
= 30 - (12 + 0.5 x 1 + 1 x 0.5)
= Rs 17.00
We can see that Product B has the lowest contribution per unit, which means it is the least profitable product. We need to determine the production quantities for Products A and C, based on the available machine capacities.
Cutting machine capacity:
Product A: 1 hour per unit x 2,500 units = 2,500 hours
Product B: 1 hour per unit x 3,400 units = 3,400 hours
Product C: 0.5 hours per unit x 5,100 units = 2,550 hours
Assembling machine capacity:
Product A: 0.5 hours per unit x 2,500 units = 1,250 hours
Product B: 13 hours per unit x 3,400 units = 44,200 hours
Product C: 10 hours per unit x 5,100 units = 51,000 hours
We can see that the assembling machine is the limiting factor for Product B, as it requires 44,200 hours of assembling machine capacity, which is more than the available capacity of 8,000 hours. Therefore, the maximum quantity of Product B that can be produced is 8,000 hours / 13 hours per unit = 615 units.
For Products A and C, the cutting machine is the limiting factor. We can calculate the maximum quantities of Products A and C that can be produced based on the available cutting machine capacity:
Product A: 5,000 hours / 1 hour per unit = 5,000 units
Product C: 5,000 hours / 0.5 hours per unit = 10,000 units
Since the demand for Product A is 2,500 units, we can produce all of them and still have available capacity on the cutting machine. For Product C, the demand is 5,100 units, which is less than the maximum production capacity of 10,000 units, so we can produce all of the demand.
Therefore, the business should plan to produce:
Product A: 2,500 units
Product B: 615 units
Product C: 5,100 units
To determine the maximum price per product that it would be worth the business paying to a subcontractor to carry out that part of the work that could not be done internally, we need to calculate the maximum variable cost per unit. The maximum variable cost per unit is the total variable cost per unit minus the proportion of fixed costs that can be absorbed by each unit.
Total variable cost per unit for each product:
Product A: 12 + 1 x 1 + 0.5 x 0.5 = Rs 13.25
Product B: 12 + 1 x 13 + 0.5 x 10 = Rs 25.50
Product C: 12 + 0.5 x 1 + 1 x 0.5 = Rs 13.00
To absorb the fixed costs of Rs 42,000 in proportion to the total variable costs, we need to calculate the total variable costs for all the products and then allocate the fixed costs based on each product's share of the total variable costs:
Total variable costs:
Product A: Rs 13.25 x 2,500 units = Rs 33,125
Product B: Rs 25.50 x 615 units = Rs 15,697.50
Product C: Rs 13.00 x 5,100 units = Rs 66,300
Total variable costs = Rs 115,122.50
Proportion of fixed costs to be absorbed by each product:
Product A: Rs 33,125 / Rs 115,122.50 x Rs 42,000 = Rs 12,110.22
Product B: Rs 15,697.50 / Rs 115,122.50 x Rs 42,000 = Rs 5,723.88
Product C: Rs 66,300 / Rs 115,122.50 x Rs 42,000 = Rs 24,165.90
The maximum variable cost per unit for each product, including the proportion of fixed costs to be absorbed, is:
Product A: Rs 13.25 + Rs 12,110.22 / 2,500 units = Rs 17.74
Product B: Rs 25.50 + Rs 5,723.88 / 615 units = Rs 35.29
Product C: Rs 13.00 + Rs 24,165.90 / 5,100 units = Rs 17.99
Therefore, if the business can find a subcontractor to carry out the part of the work that cannot be done internally for a cost that is lower than the maximum variable cost per unit, it would be worth it to pay the subcontractor to do the work. For example, if the business can find a subcontractor to assemble Product B for less than Rs 35.29 per unit, it would be worth paying the subcontractor to do the work.
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The equilibrium price in the market before the tax is imposed is The price paid by buyers after the tax is imposed is The effective price sellers receive after the tax is imposed is The amount of the tax per unit is From this tax the government will collect a total of Buyers effectively pay how much of the tax per unit? Sellers effectively pay how much of the tax per unit?
The equilibrium price in the market before the tax is imposed is the point where the supply and demand curves intersect, determining the price and quantity exchanged in a market without intervention.
After the tax is imposed, the price paid by buyers is higher due to the additional tax burden. The effective price sellers receive is lower, as part of the price they would have received is now taken as tax.
The amount of the tax per unit is the difference between the price paid by buyers and the effective price sellers receive. From this tax, the government will collect a total equal to the tax per unit multiplied by the quantity of units exchanged.
To determine how much buyers and sellers effectively pay of the tax per unit, we must look at the changes in prices and quantity exchanged due to the tax.
Buyers effectively pay the difference between the price they pay after the tax and the initial equilibrium price. Sellers effectively pay the difference between the initial equilibrium price and the effective price they receive after the tax.
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Deposits of 10 are placed into a fund at the end of each year for 14 years. The present value of the series of payments is 81.12. Find the effective annual interest rate. [Hint: Using financial calculator, or try all the possible answer to see which one is closer for multiple choice problems ]
The effective annual interest rate of given statement is 4.5%. So, the answer is 4.5%.
How to find effective annual interest rate?The effective annual interest rate can be found using the formula:
PV = PMT x (1 - (1 + r)^-n) / r
where PV is the present value, PMT is the periodic payment (which is 10 in this case), r is the effective annual interest rate, and n is the number of periods (which is 14 in this case).
Substituting the given values, we get:
81.12 = 10 x (1 - (1 + r)^-14) / r
Multiplying both sides by r and rearranging, we get:
810 = 100r x (1 - (1 + r)^-14)
We can solve for r numerically using a financial calculator or by trying different values of r until we get a result that is closest to 81.12.
Using a financial calculator, we can enter the following values:
N = 14
PV = -81.12
PMT = 10
FV = 0
Solve for I/Y = 4.5%
Therefore, the effective annual interest rate is 4.5%.
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61. The starting point and major responsibility for career development lies with:
A. the organization.
B. the human resource department.
C. the employee.
D. the immediate supervisor or manager.
E. the situation.
The starting point and major responsibility for career development lies with the employee.
While the organization, human resource department, immediate supervisor or manager, and situation may play a role in career development, ultimately the responsibility falls on the employee to take ownership of their own career growth and development. The employee should actively seek out opportunities for learning and growth, set goals for themselves, and communicate their career aspirations to their supervisor or manager. However, the organization, human resource department, and immediate supervisor or manager should also provide support and resources to aid in the employee's career development.
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An advantage of real-time processing of sales is
a. the cash cycle is lengthened
b. current inventory information is available
c. hard copy documents provide a permanent record of the transaction
d. data entry errors are corrected at the end of each batch
b. current inventory information is available. An advantage of real-time processing of sales is that current inventory information is available, which allows businesses to make informed decisions and keep track of their stock levels accurately. This helps in better management and efficient operations.
An advantage of real-time processing of sales is that current inventory information is available immediately, as opposed to waiting for the end of a batch processing cycle. This allows for more accurate and timely decision making regarding inventory management. Additionally, real-time processing reduces the risk of data entry errors being carried over from one transaction to the next in a batch, resulting in a more accurate record of each individual transaction. Finally, real-time processing shortens the cash cycle as transactions are processed and funds are received immediately, rather than waiting for the end of a batch.
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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $79,000 has an estimated residual value of $3,000 and an estimated usife of 10 years Determine the following: (a) The depreciable cost (6) The straight-line rate (c) The annual straight-line depreciation % ©
(a) The depreciable cost is $76,000
(b) The straight-line rate is $7,600 per year.
(c) The .annual straight-line depreciation is 9.62%
Calculate Depreciable cost:(a) The depreciable cost is calculated by subtracting the estimated residual value from the cost of the building:
Depreciable cost = $79,000 - $3,000 = $76,000
(b) The straight-line rate is calculated by dividing the depreciable cost by the estimated useful life:
Straight-line rate = Depreciable cost / Estimated useful life
Straight-line rate = $76,000 / 10 years
Straight-line rate = $7,600 per year
(c) The annual straight-line depreciation percentage is calculated by dividing the straight-line rate by the cost of the building:
Annual straight-line depreciation % = (Straight-line rate / Cost of building) x 100%
Annual straight-line depreciation % = ($7,600 / $79,000) x 100%
Annual straight-line depreciation % = 9.62%
Therefore, the depreciable cost of the building is $76,000, the straight-line rate is $7,600 per year, and the annual straight-line depreciation percentage is 9.62%.
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suppose you are an isp that owns a / 22 ipv4 address block. which of following cidr allocations can not be used to allocate address block to a custome
As an ISP owning a /22 IPv4 address block, you have a total of 1024 IP addresses available for allocation to your customers.
The CIDR allocations that cannot be used to allocate this address block to a customer are any that have a subnet mask greater than /22. This is because a subnet mask greater than /22 would result in a smaller number of available IP addresses for allocation, which would not be sufficient for a customer's needs.
For example, a CIDR allocation of /23 would only provide 512 IP addresses, which is not enough for a customer requiring a /22 block. Therefore, the CIDR allocations that can be used to allocate the address block to a customer are /22 or any smaller subnet mask such as /23, /24, /25, etc.
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On January 1, 2020, Oriole Corporation issued $610,000, 7%, 10-year bonds at face value. Interest is payable annually on January 1 Orlole Corporation has a calendar year end. Prepare all entries related to the bond issue for 2020. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually) 2020 Account Titles and explanation Debit Credit
Jan. 1, 2020:
Debit: Cash $610,000
Credit: Bonds Payable $610,000
December 31, 2020
Debit: Interest Expense $42,700 ($610,000 * 7%)
Credit: Interest Payable $42,700
On January 1, 2020, Oriole Corporation issued $610,000, 7%, 10-year bonds at face value. The first journal entry records the receipt of cash from the bond issuance and the corresponding liability for the bond amount. The debit to Cash represents the cash inflow from the bond issuance, while the credit to Bonds Payable represents the liability for the bond amount that Oriole Corporation has to pay back to bondholders over the 10-year period.
Since the bonds were issued at face value, there is no premium or discount amortization required in the first year. Premium or discount amortization arises when bonds are issued at a price that is different from their face value. For example, if the bonds were issued at a price higher than their face value, there would be a premium, and the premium would be amortized over the life of the bond.
On December 31, 2020, Oriole Corporation would accrue interest expense for the period from January 1, 2020, to December 31, 2020. This is because interest is payable annually on January 1, and the financial statements need to reflect the interest expense that has accrued during the year.
The debit to Interest Expense represents the expense that Oriole Corporation incurred for borrowing the money through the bonds. The credit to Interest Payable represents the liability for the interest that Oriole Corporation owes to bondholders for the interest accrued during the year. No cash is involved in this entry as the interest payment is due on January 1, 2021.
It is important to note that since Oriole Corporation has a calendar year-end, the first interest payment will be made on January 1, 2021, and will be recorded in the 2021 financial statements.
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Case 16. 3What is our reaction to Herb Brooks as a team leader? Do the ends in the case justify the means?Describe how each of the eight characteristics of team excellence applied to Brooks’s coaching of the 1980 U. S. Olympic hockey team. The Hill Model for Team Leadership advocates that the leaders’ job is to monitor the team and take whatever action is necessary to ensure team effectiveness. Describe the actions Brooks took in relation to the internal leadership aspects of the model:Task (goal focusing, structuring for results, facilitating decisions, training, maintaining standards)Relational (coaching, collaborating, managing conflict, building, building commitment, satisfying needs, modeling principles)Hill states that "the leader has special responsibility for functioning in a manner that will help the team achieve effectiveness" while the 1980 U. S. Olympic hockey team was highly successful, do you think it was because of Herb Brooks’s leadership? Explain your answer
As a team leader, Herb Brooks demonstrated a strong and effective leadership style. He was highly focused on achieving the goal of winning the Olympic gold medal and was willing to take whatever actions were necessary to make that happen, including making difficult decisions and pushing his players to their limits.
While his methods were sometimes controversial, the results speak for themselves: the 1980 U.S. Olympic hockey team achieved a historic upset victory over the heavily favored Soviet team and went on to win the gold medal.
Each of the eight characteristics of team excellence applied to Brooks’s coaching in various ways. For example, he was highly focused on goal setting and structuring for results, pushing his players to work together to achieve the common goal of winning the gold medal. He also demonstrated strong coaching skills, working closely with each player to help them improve their performance and develop their skills.
Brooks was highly skilled in managing conflict and building commitment, working to resolve any issues that arose within the team and creating a strong sense of camaraderie and team spirit.
In terms of the Hill Model for Team Leadership, Brooks demonstrated a number of actions related to both the internal leadership aspects of the model. For example, he was highly focused on task-oriented leadership, setting clear goals and expectations for the team and pushing them to achieve those goals.
He also demonstrated strong relational leadership skills, working closely with each player to understand their needs and motivations and building strong relationships based on trust and respect.
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Two advantages of ________ are that they can facilitate new-product acceptance and provide positive feedback to the parent brand and company.
A) product licensing
B) brand extensions
C) brand architecture
D) brand audits
E) brand dilutions
Two advantages of brand extensions are that they can facilitate new-product acceptance and provide positive feedback to the parent brand and company.
1. New-product acceptance: When a company introduces a new product under an existing, well-known brand, consumers are more likely to accept and try the new product due to their familiarity with and trust in the parent brand. This reduces the risk associated with launching a new product and helps in gaining market share quickly.
2. Positive feedback to the parent brand and company: A successful brand extension can enhance the overall image and reputation of the parent brand and the company. When consumers have a positive experience with the new product, their trust in the parent brand increases, which can lead to increased customer loyalty and higher sales for other products under the same brand.
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Kashi's testing of the Crunchy Wheat promotion is an example of
a) the collection of secondary data.
b) information feedback.
c) an exploratory study.
d) a descriptive study.
e) defining and locating problems.
Kashi's testing of the Crunchy Wheat promotion is an example of a descriptive study. Descriptive studies are used to describe characteristics of a population or phenomenon being studied. In this case, Kashi is studying the effectiveness of the Crunchy Wheat promotion on their target market. By collecting data on sales, customer feedback, and other metrics, Kashi is able to describe how well the promotion is working and make informed decisions about whether to continue or modify it.
While Kashi may also be collecting secondary data (data that has already been collected by someone else), and using information feedback (analyzing data to inform decisions), these activities are not the primary focus of their study. Additionally, an exploratory study is typically used when the researcher has little knowledge of the phenomenon being studied, while Kashi likely has some knowledge about their target market and the effectiveness of different types of promotions. Finally, while defining and locating problems is an important step in the research process, Kashi's study is focused on describing the effectiveness of a specific promotion rather than identifying broader problems or trends.
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As a manager, Stephanie makes decisions about the use of resources-such as people, services, and raw materials-at her company, Stephanie needs adequate resources to pay for essential activities Multiple Choice Intangible biological non-renewable financial human
Stephanie needs adequate "financial resources" to pay for essential activities. Financial resources help in paying for essential activities, such as salaries, rent, utilities, and inventory. The correct answer is option "Financial".
Financial resources are crucial for a manager to effectively allocate funds towards essential activities like hiring employees (human resources), acquiring services, and purchasing raw materials. These resources enable a manager to maintain operations, achieve company goals, and ensure sustainability. Other resources, such as intangible, biological, non-renewable, and human resources, are also important but do not specifically pertain to paying for essential activities.
Therefore option "Financial" is correct.
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pls help Many four-year colleges require which one of the following exams?
a.AP
b.SAT
c.ASVAB
d.PSAT
Many four-year colleges require b.SAT exams.
What is SAT exams?The SAT can be described as internattional exam that is been carried out which do serves as the standardized test widely used for college admissions especially in the United States.
It should be noted that this exam is widely accepted and can be used to covers reading, writing, and math which is been used in the process of accessing the student so that they can moveto higher levels in their academic endeaveors.
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A quota is a stated quality standard that an imported good must reach before it can be allowed into the borders of the importing country.
a. True
b. False
False.
A quota is a limit on the quantity of a particular imported good that can be brought into a country, not a quality standard. A quality standard for imported goods would be something like meeting certain safety regulations or passing certain inspections before being allowed into the country. It is important to note the distinction between quotas and quality standards, as they are different trade policies with different implications for international commerce.
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in your textbook, the authors discuss a classic job characteristics model put forth by hackman and oldham that promotes three critical psychological states. which of the following are among those psychological states?
Three psychological states are crucial for employee motivation, satisfaction, and performance, according to Hackman and Oldham's classic job characteristics model.
1. Experienced meaningfulness of the work: This refers to the extent to which an employee perceives their job as meaningful, valuable, and worthwhile.
2. Experienced responsibility for work outcomes: This refers to the degree to which an employee feels personally responsible and accountable for the results of their job model .
3. Knowledge of results: This refers to the extent to which an employee is aware of and understands the impact and effectiveness of their job performance.
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Suppose firms become more optimistic about the economy's ability to avoid recession, and hence adjust their expectations about their expected profit. As a result, demand for loanable funds curve shifts _________ and the real interest rate ____________.
Select one:
a. rightward; falls
b. leftwars; falls
c. rightward; rises
d. cannot be determined
e. leftward; rises
c. As a result, demand for loanable funds curve shifts rightward; rises. When firms become more optimistic about the economy and adjust their expectations about expected profits, they may decide to invest more in new projects and expand their business.
This increases the demand for loanable funds, causing the demand for loanable funds curve to shift rightward. With an increase in demand for loanable funds, the real interest rate will rise to balance the supply and demand of loanable funds. Therefore, the correct answer is c. rightward; rises.
When firms become more optimistic about the economy's ability to avoid recession, they become more likely to invest in new projects, which increases their demand for loanable funds. This leads to a shift of the demand for loanable funds curve to the right. As the demand for loanable funds increases, lenders can charge higher interest rates to borrowers. Therefore, the real interest rate rises to equilibrate the demand for loanable funds with the supply of loanable funds.
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Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for October is as follows:
Work in process, October 1: No. of units (45% complete) 7,200
Direct materials $42,000
Direct labor $50,400
Overhead $14,400
During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October:
Direct materials $144,000
Direct labor $192,000
Overhead $ 60,000
By October 31, 3,600 units that were 85% complete remained in the mixing department. Eclypso uses the weighted average method. Which of the following would be Eclypso's cost of goods that was transferred to the molding department during October? (Note: Round your calculation to two decimal places and the final answer to the nearest whole dollar.)
Eclypso's cost of goods transferred to the molding department during October is $717,600.
How the cost of goods transferred to the molding department by Eclypso in October?Eclypso Inc manufactures a product that goes through two processes: mixing and molding. Manufacturing costs are added uniformly in the mixing department. The given information for the mixing department for October includes work in process, direct materials, direct labor, and overhead. Using the weighted average method, the cost of goods transferred to the molding department during October is calculated to be $717,600.
To calculate this, we first calculate the equivalent units of production, which includes the work in process units from the previous month, units completed and transferred to the molding department during October, and the remaining work in process units at the end of October.
Using this information, we calculate the total cost incurred in the mixing department and divide it by the equivalent units of production to arrive at the cost per equivalent unit. Multiplying the cost per equivalent unit with the number of equivalent units of production that were completed and transferred to the molding department during October, we get the cost of goods transferred to the molding department during October.
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Bonita Company purchased machinery on January 1, 2020, for $87,200. The machinery is estimated to have a salvage value of $8,720 after a useful life of 8 years.
Compute 2020 depreciation expense using the double-declining-balance method.
Compute 2020 depreciation expense using the double-declining-method method assuming the machinery was purchased on September 1, 2020.
The 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on September 1, 2020, is $5,450.
Using the double-declining-balance method, the first step is to calculate the straight-line depreciation rate, which is 1/8 (useful life of 8 years).
Then, the double-declining-balance rate is calculated by multiplying the straight-line rate by 2, which results in a rate of 25% (1/8 x 2 = 0.25 or 25%).
To calculate the 2020 depreciation expense, we need to determine the asset's carrying value (cost - accumulated depreciation).
Since the machinery was purchased on January 1, 2020, the asset was in use for the entire year. Therefore, the depreciation expense for 2020 is:
$87,200 x 25% = $21,800
So, the 2020 depreciation expense using the double-declining-balance method is $21,800.
If the machinery was purchased on September 1, 2020, it was in use for 4 months in 2020. Therefore, the depreciation expense for 2020 is:
($87,200 - $8,720) x 25% x 4/12 = $5,450
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the assumption that the expenditure of physical and mental effort in work is as natural as play or rest is associated with____
The assumption that the expenditure of physical and mental effort in work is as natural as play or rest is associated with the concept of Theory Y, which was first introduced by Douglas McGregor in his book "The Human Side of Enterprise" in 1960.
Theory Y is based on the idea that people are not inherently lazy or uninterested in work, but rather that they are motivated by a variety of intrinsic factors, such as a desire for personal fulfillment, self-actualization, and growth.
According to Theory Y, work can be just as enjoyable and fulfilling as play or rest if it is structured in a way that allows employees to use their creativity and problem-solving skills, and if they are given opportunities for personal and professional development.
This is in contrast to Theory X, which assumes that people are inherently lazy and need to be closely monitored and controlled in order to ensure that they perform their jobs properly.
Theory X assumes that employees are primarily motivated by external factors, such as money and rewards, and that they are not capable of taking responsibility for their own work or making decisions on their own.
Overall, the assumption that the expenditure of physical and mental effort in work is as natural as play or rest is an important part of Theory Y, which emphasizes the importance of empowering employees, providing them with opportunities for growth and development, and treating them as valuable members of the organization.
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Blossom company issues $1,000,000, 10-year, 10onds at 95, with interest payable each january 1
The journal entry for the sale of bonds depends on whether they are sold at a discount or premium. If sold at a discount, the company records a Discount on Bonds Payable account, and if sold at a premium, the company records a Premium on Bonds Payable account.
Journal entry for the sale of $1,000,000, 10-year, 10% bonds at 95 on January 1, 2020:
Date Account Titles and Explanation Debit Credit
Jan. 1 Cash 950,000
Discount on Bonds Payable 50,000
Bonds Payable 1,000,000
In this journal entry, the company records the sale of its bonds by debiting Cash for the proceeds received from the investors, which is $950,000 ($1,000,000 x 0.95). The company also credits Bonds Payable for the face value of the bonds, which is $1,000,000.
The difference between the face value and the proceeds received is recorded as Discount on Bonds Payable, which is a contra-liability account and reduces the carrying value of the bonds on the balance sheet.
If the bonds sold for 108, the journal entry to record the sale on January 1, 2020 would be:
Date Account Titles and Explanation Debit Credit
Jan. 1 Cash 1,080,000
Bonds Payable 1,000,000
Premium on Bonds Payable 80,000
In this case, the company receives more than the face value of the bonds, so it records a debit to Cash for $1,080,000 ($1,000,000 x 1.08). The company credits Bonds Payable for the face value of the bonds, and records a Premium on Bonds Payable account to reflect the excess amount received.
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Complete question is:
Blossom Company issues $1,000,000, 10-year, 10% bonds at 95, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Assuming instead that the above bonds sold for 108, prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1
When writing promotional messages for social media, incorporate content marketing by ________.
A) initiating conversations within the community
B) providing information people want
C) identifying product champions
D) eliminating community building
E) talking more than listening
When writing promotional messages for social media, incorporating content marketing is key to achieving success in your marketing efforts. There are several ways to effectively incorporate content marketing into your social media promotions.
Firstly, initiating conversations within the community is important because it allows for engagement and interaction between the brand and its followers. This engagement creates a sense of community and connection, which helps build trust and loyalty among followers. By initiating conversations, brands can learn more about their audience's preferences and interests, and use that information to create more targeted and effective content.
Secondly, providing information people want is crucial in creating value for your audience. By providing informative and relevant content, brands can position themselves as experts in their industry and build trust with their followers. This type of content can include blog posts, infographics, videos, and other educational materials.
Thirdly, identifying product champions is important for leveraging the influence of individuals who are already passionate about your brand or products. By identifying and engaging with these individuals, brands can tap into their networks and amplify their message to a wider audience.
Lastly, eliminating community building or talking more than listening can have negative effects on your social media marketing efforts. Instead, brands should focus on building relationships with their followers by listening to their feedback and responding to their concerns. This helps create a two-way conversation and fosters a sense of community and connection.
In summary, when writing promotional messages for social media, incorporating content marketing by initiating conversations, providing informative content, identifying product champions, and building community are all effective strategies that can help achieve success in your marketing efforts.
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Fitz Company reports the following information Selected Annual Income Statement Data Net income $385,000 Depreciation expense 46,000 Amortization expense 7,500 Gain on sale of plant assets 6,900 Selected Year-End Balance Sheet Data Accounts receivable decrease $145,600 Inventory decrease 42,500 Prepaid expenses increase 5,700 Accounts payable decrease 10,600 Salaries payable increase 1,400 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31 (Amounts to be deducted should be indicated with a minus sign.)
The operating activities section of Fitz Company's statement of cash flows for the year ended December 31 shows net cash provided by operating activities of $605,300 using the indirect method.
Here is the step-by-step explanation:
1. Start with a net income of $385,000
2. Add back depreciation expense: + $46,000
3. Add back amortization expense: + $7,500
4. Subtract gain on sale of plant assets: - $6,900
5. Adjust for changes in working capital:
a. Accounts receivable decrease: + $145,600
b. Inventory decrease: + $42,500
c. Prepaid expenses increase: - $5,700
d. Accounts payable decrease: - $10,600
e. Salaries payable increase: + $1,400
Now, calculate the net cash provided by operating activities:
$385,000 (net income)
+ $46,000 (depreciation expense)
+ $7,500 (amortization expense)
- $6,900 (gain on sale of plant assets)
+ $145,600 (accounts receivable decrease)
+ $42,500 (inventory decrease)
- $5,700 (prepaid expenses increase)
- $10,600 (accounts payable decrease)
+ $1,400 (salaries payable increase)
= $605,300 (net cash provided by operating activities)
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Average costs
O a. fall at all levels of output O b. are falling when marginal costs are above average costs and rising when marginal costs are below average costs O c. does not vary with output O d. are falling when marginal costs are below average costs and rising when marginal costs are above average costs
The concept of average costs is important in economics as it helps in understanding relationship between cost of production and level of output. So, average costs are falling when marginal costs are below average costs and rising when they are above average costs.
The answer to the question is that the average costs are falling when marginal costs are below average costs and rising when marginal costs are above average costs. This is because when marginal costs are below average costs, it means that the cost of producing an additional unit of output is less than the average cost of producing all the units. As a result, the average cost of production decreases, and the same logic applies when the marginal costs are above average costs, which results in an increase in average costs.
It is essential to note that the statement, "Average costs do not vary with output" is incorrect. In fact, average costs do vary with output as the cost of production changes with the level of output. Also, the statement, "Average costs fall at all levels of output," is incorrect as the average costs may rise or fall depending on the relationship between marginal costs and average costs.
In conclusion, understanding the relationship between average costs and marginal costs is crucial in managing the cost of production and making informed decisions on pricing and output levels.
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Which of the following costs refers specifically to those that are unaffected by the quantity of a product sold or produced?
A) annual costs
B) variable costs
C) fixed costs
D) marginal costs
E) market-adjusted
The answer is C) fixed costs. Fixed costs are expenses that do not vary with changes in the level of production or sales volume.
These costs are incurred regardless of whether a company produces or sells a single unit of a product or thousands of units. Examples of fixed costs include rent or lease payments, salaries, insurance premiums, and property taxes.
In contrast, variable costs are expenses that are directly related to the level of production or sales volume. These costs increase or decrease in proportion to the quantity of a product that is produced or sold.
Examples of variable costs include raw materials, labor costs, and packaging materials.
Marginal costs refer to the additional cost of producing one more unit of a product. Marginal costs can be calculated by taking the change in total cost divided by the change in quantity produced or sold.
Annual costs refer to the total cost of all expenses incurred by a company over a one-year period, regardless of whether those expenses are fixed or variable.
Market-adjusted costs are costs that have been adjusted to reflect changes in the market, such as changes in prices or demand for a product.
These costs may include costs associated with advertising or marketing campaigns, as well as costs associated with adjusting production levels in response to changes in demand.
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Question 12 of 10 Acompany bank statement balance 53,800 and shows a ryce charge of 520, Interest eamed of 38. und an NSF check for $120 deposits in tranet total 51.400 outstanding chocks are $875. The company's book 11) 123 What is the adjusted bank balance? What was the book belance of cash before the reconciliation? wat is the adjusted bank Halance? Austed bark balance (2) What was the book wance of cash before the concion? The book bland of cash before the moon out in ranta total 31,400, outstanding checks are $675. The company's bookkeeper erroneously recorded a check received from a customer as a 5144 check when it was actually a $126 check this created to
Accounting reconciliation involves comparing two sets of records to make sure the findings are correct and reliable. Book balance before reconciliation is $4,675.
Given,
Adjusted book balance =$4,525
Add: service charge =$20
Less: interest earned = $8
Add: NSF check = $120
Add: error = $18
Book balance before reconciliation = $4,675
The general ledger accounts are accurate, consistent, and comprehensive thanks to reconciliation. Reconciliation may be used for purposes other than business, though.
Consolidating your accounts is crucial since it aids in finding any errors, fraud, or anomalies in your accounting records that can have a negative influence on your company's financial stability. A successful firm can benefit from reconciliation as a smart business practise.
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as discussed in the lectures, researchers (dutton and aron) had interviewers approach men crossing bridges in a scenic state park, ask them to complete questionnaires, and give them their phone numbers in case the men wanted to call them. results showed that participants were most likely to call the interviewer if they had been interviewed by a
According to the research conducted by Dutton and Aron, interviewers approached men crossing bridges in a scenic state park and asked them to complete questionnaires while giving them their phone numbers in case they wanted to call them.
The results showed that participants were more likely to call the interviewer if they had been interviewed by an attractive female interviewer.
This phenomenon is known as the "misattribution of arousal," where individuals mistake their physiological arousal caused by the bridge crossing for romantic attraction towards the interviewer.
Therefore, they are more likely to contact the attractive interviewer because they associate their heightened arousal with the person they were interacting with during the bridge crossing. This study highlights the powerful influence of emotions on decision-making and how physiological responses can lead individuals to make irrational choices.
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havermill co. establishes a $300 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $78 for office supplies, $142 for merchandise inventory, and $27 for miscellaneous expenses. the fund has a balance of $23. on october 1, the accountant determines that the fund should be increased by $70. the journal entry to record the increase in the fund balance on october 1 is:
The journal entry to record the increase in the petty cash fund on October 1 would be:
Debit: Petty Cash $70
Credit: Cash $70
This entry increases the balance of the petty cash fund from $23 to $93. The petty cash fund is an imprest system, meaning it is a fixed amount of money that is regularly replenished to maintain a constant balance. The initial establishment of the fund is not recorded as a journal entry because it does not involve a transaction with another party. However, when the fund is replenished, the accumulated receipts are recorded as an expense to replenish the fund to its original balance.
On September 30, the journal entry to replenish the fund would be:
Debit: Office Supplies Expense $78
Debit: Merchandise Inventory $142
Debit: Miscellaneous Expense $27
Credit: Petty Cash $247
This entry reduces the balance of the petty cash fund from $300 to $53, reflecting the amount of cash disbursed for the expenses during the month. The expense accounts are debited to record the cost of the items purchased with the petty cash, and the petty cash account is credited to reduce its balance.
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A company collects a customer's account within the discount period. Indicate how this transaction would affect (1) assets, (2) stockholders' equity, and (3) revenues.
a. (1) Decrease, (2) Decrease, (3) Decrease
b. (1) Increase, (2) Increase, (3) Increase
c. (1) Increase, (2) Increase, (3) No effect
d. (1) No effect, (2) No effect, (3) No effect
When a company collects a customer's account within the discount period, it means that they receive payment for the product or service sold before the due date. This transaction would have no effect on the company's assets, stockholders' equity and revenues.
This is because the payment received is already accounted for in the accounts receivable when the sale was made. The company's assets and stockholders' equity remain the same as before the payment was received because the transaction does not involve the purchase or sale of any assets or equity.
The revenue generated from the sale is also already recorded when the sale was made, so receiving the payment within the discount period does not affect the revenue recorded.
In summary, collecting a customer's account within the discount period is a routine transaction that does not have any significant impact on the company's financial statements.
It is simply a matter of receiving payment for a product or service that was already accounted for in the company's records.
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What are the various forms that a business can choose to dobusiness in the U.S.? What are the restrictions or requirements ofeach? If you owned a business, which entity would you prefer?Please expl
There are several forms of business entities that can be chosen in the U.S. such as Sole Proprietorship, Partnership, Limited Liability Company (LLC), Corporation, and S Corporation.
The restrictions and requirements for each form vary depending on the state and federal laws. A Sole Proprietorship is the simplest form, with no legal distinction between the owner and the business.
Partnerships are similar to Sole Proprietorship, but with two or more owners. LLCs and Corporations offer limited liability protection to the owners.
S Corporations are similar to corporations but are taxed differently. If I owned a business, I would prefer the LLC form as it provides liability protection while also allowing flexibility in management and taxation.
Additionally, LLCs have less regulatory requirements compared to corporations.
However, the choice of entity should be made after considering various factors such as the nature of the business, liability protection, tax implications, and management structure.
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