The given statement "accounts receivable not expected to be collected should be counted in the assets of the company until they are later written off. " is false because it is essential for investors and creditors to make informed decisions about the financial health of a company.
Accounts receivable is a type of asset that represents the amount of money owed to a company by its customers or clients.
When a company extends credit to a customer, it creates an account receivable. However, sometimes customers are unable or unwilling to pay their debts. In these cases, the company may need to write off the accounts receivable as uncollectible.
Now, the question is whether or not accounts receivable not expected to be collected should be counted in the company's assets. The answer is no.
If the company were to continue to count uncollectible accounts receivable as assets, it would give a false impression of the company's financial position.
It would appear as though the company has more assets than it actually does, which could lead to inaccurate financial reporting and potentially harm the company's reputation with investors and creditors.
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abc inc. applies manufacturing overhead based on direct labor hours, which were expected to be 20,000 for the period. manufacturing overhead for the period was estimated to be $400,000. actual manufacturing overhead for the period was $415,000. overhead was overapplied by $5,000. what were the actual direct labor hours for the period?
The actual direct labor hours for the period were 20,250.
To compute the actual direct labor hours for the period, the following formula will be used:Actual overhead = Expected overhead + Overapplied overhead.Explanation:ABC Inc. applied manufacturing overhead based on direct labor hours, which were expected to be 20,000 for the period. Manufacturing overhead for the period was estimated to be $400,000.
Actual manufacturing overhead for the period was $415,000. Overhead was overapplied by $5,000.What were the actual direct labor hours for the period?First, we must calculate the expected overhead costs for the period. $400,000 is the total estimated overhead costs, which will be divided by the expected direct labor hours of 20,000.Expected overhead = $400,000 ÷ 20,000 = $20 per direct labor hour.Then, we will calculate the actual overhead.
The actual overhead is the sum of the expected overhead and the overapplied overhead.Actual overhead = Expected overhead + Overapplied overhead= $400,000 + $5,000= $405,000.The actual direct labor hours can now be calculated. We divide the actual overhead by the expected overhead per direct labor hour to get the actual direct labor hours.Actual direct labor hours = Actual overhead / Expected overhead per direct labor hour= $405,000 / $20 per direct labor hour= 20,250 direct labor hours.
Therefore, the actual direct labor hours for the period were 20,250.
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true or false: the government can raise its tax revenue by decreasing the per-unit tax on champagne.
According to the question of the government can raise its tax revenue, the answer will be false.
What is tax revenue?Tax revenue is money collected by governments from its citizens for the purpose of funding public services, such as education, infrastructure, healthcare, and law enforcement. It is a major source of income for governments, and it is collected in a variety of forms, including income taxes, corporate taxes, sales taxes, fees, tariffs, and excise taxes. Tax revenue enables governments to provide essential services and to address public needs while also protecting the interests of its citizens. It also helps to keep the economy stable, as the money collected from taxes is often redistributed to those in need or used to fund government projects.
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missionary salespeople are: group of answer choices salespeople who process routine orders for products that are presold by the company;
Missionary salespeople are sales representatives who promote the products or services of a company but do not complete transactions.
They educate customers on the benefits of the product and encourage them to make a purchase. Therefore, the correct answer is Salespeople who promote the products of the company by educating the customers.
selling in which the salesperson's role is to inform an individual with the power to influence others to buy a product, rather than to make a direct sale to that person; a missionary salesperson is also known as a Detailer.
In missionary selling, a salesperson focuses on building a relationship with an individual who can influence the buying decision, instead of trying to directly land the sale. This approach is a form of indirect selling.
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according to co-cultural theory, bilingual latinx employees who speak only english at work are engaging in which strategy? assimilation accommodation separation provisionalism
According to co-cultural theory, bilingual Latinx employees who speak only English at work are engaging in assimilation strategy.
This involves adapting to the dominant culture and adopting its language, customs, and behavior. Assimilation does not require complete rejection of the individual's original culture. Instead, it involves integration into the new culture.
Co-cultural theory refers to the relationship between culture and communication. Culture is "learned patterns of perception, values, and behaviours shared by a group of people who make up society.
Communication is the process of creating, sending, receiving, and interpreting messages that are influenced by situational contexts and culture."
Assimilation is a strategy that involves abandoning one's cultural identity and adopting that of the dominant group.
Therefore assimilation is the right answer .
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last year, julie johnson bought one share of common stock for $950. during the year, julie received a $47.50 dividend. earlier today, she sold the stock for $988. what rate of return did julie earn on her investment?
Julie's total return on her investment can be calculated as the sum of the dividend received and the difference between the sale price and the purchase price of the stock:
Total return = Dividend + (Sale price - Purchase price)
Total return = $47.50 + ($988 - $950)
Total return = $47.50 + $38
Total return = $85.50
Julie's rate of return can be calculated by dividing her total return by her initial investment and expressing it as a percentage:
Rate of return = (Total return / Initial investment) x 100%
Rate of return = ($85.50 / $950) x 100%
Rate of return = 0.09 x 100%
Rate of return = 9%
Therefore, Julie earned a rate of return of 9% on her investment.
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why should you always anticipate that unknown readers may receive copies of the technical communication you produce?
Anticipating unknown readers is important in technical communication because it helps ensure that any communication produced is clear and accurate.
Anticipating unknown readers is especially important when communicating complex technical concepts, as any inaccuracies or misunderstandings could lead to costly mistakes. Good technical writing should be written with the assumption that unknown readers with varying levels of technical knowledge will receive a copy of the document.
This means the document should use language that is clear and precise, include visuals and graphics that explain concepts, and provide detailed explanations. By doing so, unknown readers can more easily understand the content and take the necessary action to make informed decisions.
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combining productive resources of land, labor, and capital in ways to produce new goods and services, refers to what?
Combining productive resources of land, labor, and capital in ways to produce new goods and services refers to "entrepreneurship".
A combination of productive resources such as land, labor, and capital in different ways to produce new products and services refers to "entrepreneurship". Entrepreneurship is the process of introducing a new product or service, a new process or an entirely new business organization.
Entrepreneurship is defined as the process of introducing a new product or service, a new process or an entirely new business organization.
Entrepreneurship is based on the combination of productive resources such as labor, land, and capital in various ways to create new products and services.
This combination of resources is used to produce a new product or service that was not previously available on the market. The entrepreneur, in this case, is the individual or group that manages the venture and bears the risks associated with it.
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Combining productive resources of land, labor, and capital in ways to produce new goods and services is known as production.
Production is the process of creating new goods and services that can be used for consumption or trade.
The three main factors of production are land, labor, and capital. Land includes the natural resources needed to create new products. Labor is the work provided by humans or animals in the production process. Capital is the money or equipment used to facilitate the production process.
Producers combine these factors of production in different ways to produce new goods and services. For example, a farmer might use land to produce corn, labor to tend to the crop, and capital in the form of farming equipment. These resources are combined in a way that produces a good or service that can be used for consumption or trade.
By combining these factors of production in different ways, producers can create new products and services for consumers and markets.
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if vince charged $300 on his credit card with 24 percent apr and he paid his balance in full within the grace period, how much was he required to pay?
Vince was required to pay the full amount of $300.
Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period. The grace period is typically between 20 and 25 days after the billing cycle ends.
The Annual Percentage Rate (APR) of 24% does not come into play when the balance is paid in full within the grace period as no interest is charged.
To calculate how much Vince was required to pay:
The amount charged was $300The grace period was between 20 and 25 daysVince paid the full amount within the grace periodTherefore, Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period.
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worried her property might be damaged due to some unforeseen event. this worry about the uncertainty as to a loss is an example of a:
The statement, "worried her property might be damaged due to some unforeseen event. This worry about the uncertainty as to a loss is an example of a," is a case of "Risk."
Risk is the probability of an unforeseen event occurring that could result in a loss or damage. When there is a chance of damage to one's property or other negative outcomes, the feeling of concern about what might happen is known as uncertainty about a loss.
Risk can come from several sources, including natural disasters, economic changes, technological advances, social dynamics, and geopolitical circumstances. Unforeseen events, uncertainty, and loss are all terms that can be used to define the concept of risk. A possible natural event, such as an earthquake, fire, or tornado, might jeopardize property values.
Similarly, uncertainty about the future economic environment, regulatory changes, or technology breakthroughs can harm the investment's value. Finally, natural, financial, or operational catastrophes may result in a loss of life or physical injury. All of these circumstances represent various types of risk.
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1. List four reasons that businesses extend credit.
2. How does using credit benefit businesses and consumers?
1.Encourage customers to spend more, which can result in increased sales if receivables are turned to cash;
Increase customer goodwill and build good customer relations;
Make your customers less sensitive to price and more focused on the services you offer.
2.Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase. Having a good credit record means that a person has an established history of paying back 100% of his/her debts on time
2. Benefits for business:
all 4 points aboveCash flow management: Offering credit can help businesses manage their cash flow, as they can receive payment over a period of time rather than all at once.Benefits for consumers:
Purchasing power: Using credit allows consumers to make purchases that they may not have been able to afford with cash, such as items like a home or a car.Convenience: Using credit cards can be more convenient than carrying cash, as consumers do not have to worry about carrying large amounts of cash or making frequent trips to the ATM.Building credit history: Using credit and making payments on time can help consumers build a positive credit history. This in turn can lead to better credit scores and lower interest rates on future loans.Protection against fraud and errors: Credit cards provide protection against fraud and errors, as consumers can dispute unauthorized charges or errors on their statements.For more on credit refer to: https://brainly.com/question/1590835
You sell T-shirts at your school's football games. Each shirt costs $5 to make and sells for $10. Each game lasts two hours and you sell 100 shirts per game. You could always be earning $8 per hour at your other job. Which of the following is correct? Your accounting profit from selling shirts at a game is:Select one:a. $500 and your economic profit is $484.b. $1,000 and your economic profit is $500.c. $500 and your economic profit is $1,000.d. $484 and your economic profit is $500.e. $500 and your economic profit is $500.
The correct option when the t shirts of football games were sold is at $500 and profit is $484. Option A is correct.
Your profit is the amount of money left over after paying your business's expenses. Gross profit, operating profit, and net revenue are the three primary types of profit.
The largest profit is gross. The amount left over after paying for the sold goods and services is displayed.
The opportunity cost is the value of other commodities or services you must forgo in order to receive your desired item.
Given,
100 shirts sold at a price of $10 each.
Explicit cost for each shirt is $5.
Calculate accounting profit:
Accounting profit = The Total revenue - Explicit cost
= (10×100) - (5×100)
= 1000-500
= $500
Given,
Accounting profit = $500
Opportunity cost = 10 - 8
= 2
Earnings at the other job = $8 per hour
Calculate economic profit:
Economic profit = Accounting profit - opportunity lost
= 500 - (2×8)
= $484
Thus, option A is correct.
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what term is used to refer to a business combination in which only one of the original companies continues to exist?
In a merger and acquisition (M&A) with an acquisition, one company acquires another company and continues to operate as the surviving entity, while the acquired company ceases to exist.
In a merger and acquisition (M&A) with an acquisition, one company acquires another company and continues to operate as the surviving entity. The acquired company ceases to exist as a separate entity and its assets and liabilities are transferred to the acquiring company. The acquiring company assumes control over the operations, assets, and liabilities of the acquired company, and may also take on its employees, customers, and other resources.
This type of business combination is often referred to as an acquisition, as it involves the purchase of one company by another. It is different from a merger, which involves the mutual agreement and combination of two companies to create a new entity. M&A with an acquisition is a common strategy used by companies to expand their operations, increase market share, and gain access to new customers and resources. It can be a complex process that involves careful planning, due diligence, and legal and financial considerations to ensure a successful outcome.
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at which stage of the business-to-business buying process do organizations invite alternative vendors or suppliers to bid on supplying their required components or specifications?
At the request for proposal stage of the business-to-business buying process, organizations invite alternative vendors or suppliers to bid on supplying their required components or specifications.
The process of sourcing and acquiring goods or services from other businesses or organizations is known as business-to-business (B2B) purchasing. A request for proposal (RFP) is a document that outlines the needs and specifications of an organization, as well as invites bids from qualified suppliers. The RFP is a crucial part of the procurement process because it outlines the requirements that potential vendors must meet in order to be considered for a contract. RFPs are usually used by organizations that are looking for complex goods or services that are customized to their particular needs. These requirements may range from consulting services to IT hardware, software, and support services, as well as other products and services from third-party vendors.
In summary, alternative vendors are invited to bid on supplying their required components or specifications during the RFP stage of the business-to-business buying process.
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Which of the following is not a cause of the bullwhip effect?
Group of answer choices
O Rationing and shortage gaming
O Order batching
O Elimination of discount policies
O Fluctuation in prices
O None of these answers is correct
Elimination of discount policies is not a cause of the bullwhip effect.
The bullwhip effect is the phenomenon that occurs when a small fluctuation in demand for a product at the consumer level leads to large fluctuations in demand at the supplier level. This effect results in significant inefficiencies, including overproduction and underproduction. The bullwhip effect can be caused by several factors, including order batching, rationing and shortage gaming, and fluctuation in prices. However, elimination of discount policies is not a cause of the bullwhip effect.
Elimination of discount policies refers to the practice of a company discontinuing the use of discounts or special offers that it previously offered to customers. This can be done for a variety of reasons, such as to increase profitability, simplify pricing, or to avoid a negative impact on brand reputation.
Discount policies are commonly used by businesses to attract customers and encourage repeat business. However, offering discounts can also have negative consequences, such as reducing profit margins and creating an expectation among customers that discounts will always be available. Eliminating discount policies can help to address these issues and improve the company's financial performance.
When eliminating discount policies, it is important for companies to communicate the changes to customers in a clear and transparent manner. This can help to avoid any negative backlash or confusion among customers who may have been accustomed to receiving discounts. Additionally, companies may want to consider implementing other strategies to attract and retain customers, such as improving the quality of their products or services, offering loyalty programs, or providing exceptional customer service.
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the concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called:
The concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called total cost of ownership (TCO).
TCO is a financial estimate that helps businesses and organizations calculate the complete cost of a purchase, taking into account all costs related to the purchase, ownership, and eventual disposal of the asset.
These costs can include acquisition costs (buying and installation costs), operating costs (energy consumption, maintenance and repair, and disposal costs).
Additionally, it takes into account both the direct and indirect costs associated with the purchase and use of a product or service. All of these costs must be considered to accurately calculate the total cost of ownership.
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if the price of a product decreases from $20 down to $10, and this causes the quantity of the product demanded to increase from 10 units up to 50 units, then the absolute value of the price elasticity of demand for this product is
If the price of a product decreases from $20 down to $10, and this causes the quantity of the product demanded to increase from 10 units up to 50 units, a small decrease in price will lead to a large increase in demand.
The question is an illustration of the price elasticity of demand. Price elasticity of demand refers to the responsiveness of the quantity demanded to the change in price, keeping other factors constant. It can be estimated using the formula,
P.E.D = (% Change in Quantity Demanded) / (% Change in Price)
Price before = $20
Price after = $10
Quantity Demanded before = 10
Quantity Demanded after = 50
The per cent change in price = (Change in price / Price before) × 100%= (20 - 10) / 20 × 100%= 50%
The percent change in quantity demanded = (Change in Quantity Demanded / Quantity Demanded before) × 100%= (50 - 10) / 10 × 100%= 400%
Hence, the absolute value of price elasticity of demand for this product is 8 (i.e., |8|)As there is a 50% decrease in price and the quantity demanded increased by 400%, it indicates that the product is highly elastic. Therefore, a small decrease in price will lead to a large increase in demand.
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which of the following is least likely to be a low-cost leadership competitive advantage? group of answer choices broad product line mass production inventory management effective capacity use low overhead
A. Broad product line is least likely to be a low-cost leadership competitive advantage.
In order to gain a low-cost leadership competitive edge, costs must be reduced throughout value chain, including in production, marketing, and distribution. Whereas, a broad product line requires providing a variety of items, which may necessitate a higher degree of investment in research and development, production operations, and marketing, thereby raising expenses.
A wide range of products might offer differentiation and other competitive advantages, but it is less likely to be a low-cost leadership competitive advantage. On the other hand, actions which might result in cost reductions and, thus, a low-cost competitive advantage for leadership are examples of mass manufacturing, efficient capacity utilization, inventory management, and minimum overhead.
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mike chooses a daas arrangement for his small business because it reduces costs. why is daas less costly than the traditional alternative? a. no in-house database installation, maintenance, or monitoring b. no backup capabilities or security measures c. promotional pricing intended to boost market presence d. fixed database storage capacity
Mike chooses a DaaS (Database as a Service) arrangement for his small business because it reduces costs. DaaS is less costly than the traditional alternative primarily due to reason A. no in-house database installation, maintenance, or monitoring.
DaaS is a cloud-based service where the service provider manages the database, taking care of installation, maintenance, and monitoring, thereby reducing the costs associated with these tasks. In a traditional setup, a business would need to invest in hardware, software, and hire professionals to manage the database, which can be expensive, especially for small businesses.
Moreover, DaaS offers scalability, meaning businesses can easily adjust their database storage capacity as per their requirements without incurring significant costs. This eliminates the need to invest in additional hardware and maintenance when expanding or downsizing the database.
In summary, DaaS reduces costs for small businesses like Mike's due to the elimination of in-house database installation, maintenance, and monitoring, and the flexibility to scale resources according to their needs. This allows businesses to save money and focus on their core operations, making DaaS a cost-effective alternative to traditional database management systems. Therefore the correct option is A
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what's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the interest rate is 5%? a.$11,474.44 b.$9,253.58 c.$7,773.01 d.$7,125.25 e.$7,402.86
The correct answer to the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the interest rate is 5% is $7,402.86.
The present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the interest rate is 5% is $7,402.86. This can be calculated using the present value of an ordinary annuity formula. The formula for the present value of an ordinary annuity is:
Present Value = Payment x {[1 - (1 + Interest Rate)-n]/ Interest Rate}
Where Payment is the regular periodic payment, n is the number of payments, and Interest Rate is the periodic interest rate.
In this example, Payment = $2,250, n = 4, Interest Rate = 5%, and the additional payment at the end of year 4 is $1,550. Using the formula, the present value of the annuity can be calculated as follows:
Present Value = $2,250 x {[1 - (1 + 0.05)-4]/ 0.05} + $1,550
Present Value = $2,250 x {[1 - 0.815]/ 0.05} + $1,550
Present Value = $2,250 x [0.185/0.05] + $1,550
Present Value = $2,250 x 3.7 + $1,550
Present Value = $8,425 + $1,550
Present Value = $9,975
Thus, the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the interest rate is 5% is $9,975. Since this amount must be paid today, the present value of the annuity must be discounted using the given interest rate. The discounting formula is:
Present Value = Future Value / (1 + Interest Rate)n
Where Future Value is the future value of the annuity, n is the number of periods until the future value, and Interest Rate is the periodic interest rate.
In this example, Future Value = $9,975, n = 4, and Interest Rate = 5%. Thus, the present value of the annuity can be calculated as follows:
Present Value = $9,975 / (1 + 0.05)4
Present Value = $9,975 / 1.2763
Present Value = $7,402.86
Therefore, the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the interest rate is 5% is $7,402.86.
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if the increase in global passenger air traffic continues at the current rate, approximately how many annual air passengers(millions) will there be in 5 years time?
In 5 years' time, it is projected that there will be approximately 10.4 billion passengers annually, according to the International Air Transport Association (IATA).
The International Air Transport Association (IATA) has not projected that there will be 10.4 billion passengers annually in 5 years' time.
According to IATA's latest available data (as of September 2021), global passenger traffic in 2019 (pre-pandemic) was 4.5 billion. IATA's latest passenger forecast (as of October 2021) projects that global passenger traffic will reach 2.8 billion in 2021, recovering from the sharp decline in 2020 due to the COVID-19 pandemic. However, IATA does not provide a projection for the number of passengers in 5 years' time, let alone a specific number like 10.4 billion.
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one of the primary benefits of the multiple-step income statement over the single-step income statement is that the:
The primary benefit of the multiple-step income statement over the single-step income statement is that it provides a more detailed breakdown of income, expenses, and profits, allowing for a better understanding of the company's overall financial performance.
This detailed breakdown of income and expenses is useful for tax purposes, as well as budgeting and forecasting future performance. The multistep income statement provides greater visibility in explaining the results of a company's operations. This is because it presents a detailed and separate description of revenues and expenses, allowing users to better understand the composition of the company's results.
In addition, it also offers a better comparison between the results of one period and the results of another, as it provides greater visibility of income and expense levels.
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company should select the capital structure that . multiple choice question. has the lowest leverage maximizes the company's value results in the lowest taxes results in the lowest debt
Company should select the capital structure that maximizes the company's value.
A capital structure is the mix of debt and equity that a company uses to finance its operations. Debt instruments, such as bonds and loans, generally have lower costs of capital than equity instruments, such as stock, but also come with risks and obligations that must be managed.
The optimal capital structure for a company should balance the cost of capital with the company’s risk profile, which can be maximized when the company’s value is considered.
To determine the optimal capital structure, a company must consider its current financial position and its long-term objectives. Specifically, the company should consider how different levels of debt would affect the company’s debt-to-equity ratio, as well as its current and future interest expense and tax liability.
By considering all of these factors, a company can determine the capital structure that maximizes its value by providing a balance between costs and risks. This balance should be periodically reviewed to ensure the company’s capital structure continues to meet its long-term objectives and generates the highest possible return for its shareholders.
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on may 1, doormart received an order from a customer. the goods were shipped fob shipping point on may 3. the customer received the goods on may 5 and paid for the merchandise on june 1. when should doormart record the sale? multiple choice question. june 1
Doormart should record the sale of the merchandise on May 3, the date when the merchandise was shipped.
On May 3, Doormart shipped the merchandise to the customer. The term "FOB shipping point" means that the customer takes ownership of the merchandise once it leaves Doormart's warehouse. This means that the sale is considered complete once the merchandise is shipped, and Doormart should record the sale on May 3.
The customer received the merchandise on May 5. This is not relevant for when Doormart should record the sale because the sale was already completed when the merchandise was shipped.
The customer paid for the merchandise on June 1. This means that the payment was made after the sale was completed. However, this does not change when Doormart should record the sale. The sale was already completed on May 3, and Doormart should record the sale on that date.
This is because the sale was completed once the merchandise left Doormart's warehouse, as indicated by the FOB shipping point terms.
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on a particular day, there were 2000 trades in a particular futures contract, this means that there were 2000 buyers going long and 2000 sellers going short. of the 2000 buyers, 600 were closing out positions and 1400 were entering into new positions. of the 2000 sellers, 1000 were closing out positions and 1000 were entering into new positions. what is the impact of the day's trading on open interest?
The impact of the day's trading on open interest is that the open interest remained unchanged.
This is because while there were 2000 trades - 600 buyers closing out positions and 1400 entering new positions and 1000 sellers closing out positions and 1000 entering new positions - the total number of positions held by buyers and sellers were equal.
In other words, 600 positions were closed out and replaced by 1400 new positions and 1000 positions were closed out and replaced by 1000 new positions. This means the total open interest was not affected. This is known as "trading on open interest".
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You have been stranded on a deserted island and need to survive by collecting firewood and fishing for food.
There are 12 hours of daylight with which you may work to collect firewood and fish. With each hour, you can collect 8 logs per hour or 250 calories of fish per hour.
To survive, each day you must collect 32 logs and 2000 calories of fish.
question:
If you spend all your time fishing, you will be able to collect ___?___ calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish. Here's how to calculate the answer:
In a day, there are 12 hours of daylight. If you spend all your time fishing, you can spend 12 hours fishing. In an hour, you can collect 250 calories of fish.
Therefore, in 12 hours, you can collect:250 calories/hour × 12 hours = 3000 calories
In conclusion, if you spend all your time fishing, you will be able to collect 3000 calories of fish.
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the result of a workflow diagram of a clinician illustrates an excessive amount of walking to obtain supplies. reducing the waste of motion adds value-added time that ultimately benefits:
The result of a workflow diagram of a clinician illustrating an excessive amount of walking to obtain supplies indicates an inefficient use of time and resources.
Reducing this waste of motion adds value-added time which can ultimately benefit both the clinician and their patients.
One way to reduce the amount of walking to obtain supplies is to make sure the workspace is properly organized and stocked with the supplies the clinician needs.
This way, the clinician can access their supplies quickly and without the need for additional movement. Additionally, having a proper organizational system in place ensures that the clinician will always know exactly where the supplies are located.
Having an organized workspace also enables the clinician to complete their tasks in a timely manner. By removing the need for long walks to obtain supplies, the clinician is able to focus on providing patient care without the distraction of having to search for supplies.
Furthermore, the clinician can spend more time with the patient, which leads to better patient outcomes.
Another way to reduce the amount of walking to obtain supplies is to establish a system of procurement. This system could involve ordering supplies in bulk, purchasing supplies through a central location, or utilizing an automated system that orders supplies as they are needed.
Utilizing such a system can help ensure that the clinician has access to the supplies they need, when they need them, reducing the need to search for them.
Overall, reducing the amount of walking to obtain supplies is an important step to take in order to improve the efficiency of a workflow and create value-added time for the clinician.
By organizing their workspace and utilizing an efficient procurement system, the clinician can focus on providing the best patient care possible.
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On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,600. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect? Multiple ChoiceΟ The annual depreciation expense is $6,100Ο The December 31, 2019 book value is $35,800Ο The December 31, 2020 book value is $24,400Ο The December 31, 2021 accumulated depreciation balance is $18,300
Given that, Woodstock, Inc. purchased a machine costing $40,600 on January 1, 2019. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years, and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, the annual depreciation expense can be calculated as follows:
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The correct answer to the given question is:
The December 31, 2021 accumulated depreciation balance is $18,300.
Explanation:
Annual depreciation expense = (Cost - Residual value) / Expected useful life
= ($40,600 + $1,300 - $5,300) / 6
= $6,100
Using this annual depreciation expense, we can calculate the December 31 book values and accumulated depreciation balances as follows:
At December 31, 2019
Depreciation expense = $6,100
Accumulated depreciation = $6,100
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $6,100
= $35,800
At December 31, 2020
Depreciation expense = $6,100
Accumulated depreciation = $6,100 + $6,100
= $12,200
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $12,200
= $29,700
At December 31, 2021
Depreciation expense = $6,100
Accumulated depreciation = $12,200 + $6,100
= $18,300
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $18,300
= $23,600
Thus, the incorrect statement is "The December 31, 2021 accumulated depreciation balance is $18,300." The correct accumulated depreciation balance at December 31, 2021, is $18,300.
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true or false: distinguishing between two theories that explain measurements or observations equally well can be a problem for economists
The given statement "distinguishing between two theories that explain measurements or observations equally well can be a problem for economists" is True.
Distinguishing between two theories that explain measurements or observations equally well can be a problem for economists, as there may be no clear evidence that points to one theory as being more accurate than the other.
Economists must take into account all possible factors when determining which theory is most accurate, such as potential bias, the accuracy of data, and the strength of supporting evidence.
This process can be difficult and time consuming, as the two theories may be almost indistinguishable.
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which discipline has provided organizational behavior with much of its theoretical foundation for team dynamics, organizational power, and organizational socialization?
Sociology is the discipline that has provided organizational behavior with much of its theoretical foundation for team dynamics, organizational power, and organizational socialization. Organizational behavior is a discipline that studies the behavior of people in organizations.
It combines the fields of sociology, psychology, anthropology, and communication to examine how people interact in groups and how organizations operate. The discipline of sociology has been instrumental in establishing the theoretical foundations for team dynamics, organizational power, and organizational socialization in organizational behavior. Sociology is a social science that studies human social structures, interactions, and social behavior, and it provides a theoretical perspective for understanding the relationships between people in groups and organizations. Different theoretical perspectives in sociology, including conflict theory, symbolic interactionism, and functionalism, have contributed to the development of organizational behavior as a discipline.
The discipline that has provided organizational behavior with much of its theoretical foundation for team dynamics, organizational power, and organizational socialization is sociology. It is one of the social sciences that studies human social structures, interactions, and social behavior, and it provides a theoretical perspective for understanding the relationships between people in groups and organizations.
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john is a frequent flier, who travels with american airlines at least 250,000 miles a year in first class. according to the text, the profitability classification given him would be
John is a frequent flier, who travels with American Airlines at least 250,000 miles a year in first class. According to the text, the profitability classification given to him would be the "diamond."
Diamond is the highest tier in American Airlines' AAdvantage loyalty program. The airlines use a loyalty program as a tool for customers to earn perks such as free travel, priority boarding, and waived checked baggage fees. The program offers four levels: gold, platinum, platinum pro, and diamond. These levels are based on the number of miles flown and dollars spent. It is designed to reward frequent fliers with better travel experiences.
AAdvantage elite status members are rewarded with perks such as free upgrades, priority boarding, and waived checked baggage fees. Diamond is the highest status a passenger can achieve, requiring 125,000 miles flown in a calendar year and $15,000 spent on tickets. Diamond members are eligible for complimentary upgrades up to 120 hours before their flight and free Admirals Club access, regardless of their ticket type. Diamond members also earn a 120% mileage bonus on all flights, allowing them to earn free travel quickly.
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