Business

Which action is the best example of appropriate e-mail use at work?providing urgent updatessending meeting reportssharing personal financesgiving criticism to someone
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Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She does not have $490, but she could buy it with $60 down and pay the rest in 6 months with 9 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first two weeks of operations. a. Issued 2,700 shares of $0.01 par value common stock to investors for cash at $27 per share. b. Borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. c. Paid $1,150 for the current month's rent of a warehouse and another $1,150 for next month's rent. d. Paid $1,800 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). e. Purchased furniture and fixtures for the warehouse for $10,000, paying $3,000 cash and the rest on account. The amount is due within 30 days. f. Purchased for $3,200 cash The University of Pennsylvania, Notre Dame, The University of Texas at Austin, and Michigan State University baseball caps as inventory to sell online. g. Placed advertisements on Google for a total of $250 cash. h. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500. (Hint: Make two entries.) i. Made full payment for the furniture and fixtures purchased on account in (e). j. Received $250 from a customer on account.Required: For each of the transactions, prepare journal entries.
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Alto Corporation sold two capital assets this year. The first sale resulted in a $13,000 capital gain, and the second sale resulted in a $41,000 capital loss. Alto was incorporated five years ago. Four years ago, Alto recognized $5,000 of net capital gain. Three years ago, Alto recognized $10,000 of net capital gain. Two years ago and last year, Alto recognized no net capital gains. Required: Using a 21 percent tax rate, compute Alto's tax refund from the carryback of its current year capital loss. Compute Alto's capital loss carryforward into next year.
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A point inside the production possibilities curve represents -A. An efficient use of resourcesB. Future outputC. An inefficient use of resourcesD. An impossibility given current resources
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Andreasen Corporation manufactures thermostats for office buildings. The following is the cost of each unit:Materials $ 36.00 Labor 14.00 Variable overhead 4.00 Fixed overhead ($1,800,000 per year; 100,000 units per year) 18.00 Total $ 72.00 Simpson Company has approached Andreasen with an offer to buy 7,500 thermostats at a price of $60 each. The regular price is $100. Andreasen has the capacity to produce the 7,500 additional units without affecting its current production of 100,000 units. Simpson requires that each unit use its branding, which requires a more expensive label, resulting in an additional $2 per unit material cost. The labor cost of affixing the label will be the same as for the current models. The Simpson order will also require a one-time rental of packaging equipment for $20,000.Required:a. Prepare a schedule to show the impact of filling the Simpson order on Andreasens profits for the year. (Enter your answers in thousands (i.e., 5,400,000 should be entered as 5,400). Select option "higher" or "lower", keeping Status Quo as the base. Select "none" if there is no effect.) Status quo 100,000 units Alternative 107,500 units Difference Higher or lowerSales Revenue ? ? ? ?Less: variable cost ? ? ? ?Materials ? ? ? ?Labor ? ? ? ?Variable Overhead ? ? ? ?Total variable cost ? ? ? ?Contribution margin ? ? ? ?Less; fixed costs ? ? ? ?Operating profit or loss ? ? ? ?b. Do you agree with the decision to accept the special order. Yes or no?c. Considering only profit, determine the minimum quantity of thermostats in the special order that would make it profitable, assuming capacity is available.... Quanitity of Themostats #___?____ units
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Describe a scenario in which you thought you were making a good decision but there was still a negative outcome.
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How do supply and demand help determine the price of a product?A. By pressuring sellers to lower prices on products to the point thatmost buyers can afford to buy themB. By ensuring that products with a high level of demand will notsuffer from the substitution effectC. By forcing buyers to accept higher prices so that sellers keep alarge supply of most productsD. By creating a balance between buyers who want low prices andsellers who want high prices
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The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4 before completing part 5.Part 5: Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet using the following adjustment data.Insurance expired during May is $275.Supplies on hand on May 31 are $715.Depreciation of office equipment for May is $330.Accrued receptionist salary on May 31 is $325.Rent expired during May is $1,600.Unearned fees on May 31 are $3,210.If an amount box does not require an entry, leave it blank or enter "0".Kelly ConsultingEnd-of-Period Spreadsheet (Work Sheet)For the Month Ended May 31, 20Y8Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance SheetAccount Title Debit Credit Debit Credit Debit Credit Debit Credit Debit CreditCash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accum. Depreciation Accounts Payable Salaries Payable Unearned Fees Common Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Insurance Expense Miscellaneous Expense Net income
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Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and reliable workflow, Henry has taken up the responsibility of creating job descriptions and job specifications for the newly hired and current engineers within the organization. While doing so, Henry gathers information about the knowledge, skills, abilities, and other characteristics (KSAOs) required for an engineer to successfully perform the job. How will determining the KSAOs most benefit the organization?
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Two savanna communities both contain 15 plant species. In community A, each of the 15 species is represented by 20 individuals. In community B, 10 of the species are each represented by 12 individuals; the remaining 5 species are each represented by 3 individuals. Which statement best describes the two communities?
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If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the AD curve as price level decreased. AD shifts right and price level would decrease. AD shifts right and price level would increase. AD shifts left and price level would decrease. AD shifts left and the price level would increase.
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The research and development (R&D) team of DataCom Corp., a software firm, holds a meeting to discuss potential ideas for new products. In the meeting, the moderator encourages everyone to share their ideas, no matter how trivial they may seem. He warns members against criticizing any idea and asks them to focus on offering plenty of ideas. In this scenario, the R&D team of DataCom is engaged in _____.a. concept testingb. idea screeningc. brainstormingd. beta testing
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Which costs are variable costs? A. RentB. MachineryC. Raw materialD. Marketing E. Monthly salary
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Why do you think customer service is important for a business
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The adjusted trial balance of Dawson Company contained the following information. Assume the tax rate is 33%: Debit Credit Sales revenue $425,000Sales returns and allowances $ 20,000Sales discounts 5,000Cost of goods sold 300,000Operating expenses 61,000Interest revenue 2,000Interest expense 1,000Compute the gross profit. rate(%)
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In a company's SWOT analysis, which of the following is an example of a strength?A.A law is passed that decreases demand for the company's product.B.A demographic trend increases demand for the company's product.C.The company's employees are efficient and productive.D.The company doesn't have many competitors.
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Vaughn Manufacturing has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Vaughn are 60000 Standard and 40000 Supreme. Fixed expenses are $1500000. How many Standards would Vaughn sell at the break-even point?
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Which of the following is a challenge for a business that wants to begin exporting?A) increasing company profits.B) identifying a target market.C) improper use of a trademarkD) Generate tax dollars for another country.
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For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility). 1. To reduce the company's tax bill, Jack uses total cost to value inventory instead of using product cost as required by law. 2. Since Emilie works in the accounting department, she is aware that profits are going to fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date. 3. Veronica pays a Mexican official a bribe of $50,000 to allow the company to locate a factory in that jurisdiction so that the company can take advantage of the cheaper labor costs. Without the bribe, the factory cannot be located in that location. 4. There is a failure in the company's backup system after a system crash. Month-end reports will be delayed. Kayla, the manager of the division experiencing the system failure, does not report this upcoming delay to anyone since she does not want to be the bearer of bad news.
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1.What is a business transaction?
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What are the three basic levels of food service employees?ABeginning, intermediate, and advancedBEntry, skilled, and supervisoryNovice, trainee, and professionalDAssistant, apprentice, and master
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Which option enables you to keep the last grammatical change?
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The following is selected information from Bonita Corporation for the fiscal year ending October 31, 2018 Cash received from customers $301000 Revenue recognized 376000 Cash paid for expenses 184000 Cash paid for computers on November 1, 2017 that will be used for 3 years (annual depreciation is $16100) 48300 Expenses incurred, including interest, but excluding any depreciation 218000 Proceeds from a bank loan, part of which was used to pay for the computers 95000Based on the accrual basis of accounting, what is Monty Corporations net income for the year ending October 31, 2018?
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