The correct option is C. The 135.19 days of sales in receivables.
Accounts Receivables = $630,000
Net Credit Sales = $1,700,000
The computation of days' sales in receivables is shown below:-
= (Accounts Receivables ÷ Net Credit Sales) × 365
= ($630,000 ÷ $1,700,000) × 365
= 135.19 days
Accounting is the method of recording financial transactions relating to a business. The accounting manner includes summarizing, studying, and reporting those transactions to oversight corporations, regulators, and tax series entities. The chart of accounts organizes your budget into 5 predominant account types, called bills: belongings, liabilities, fairness, revenue, and costs.
The monetary statements used in accounting are a concise summary of financial transactions over an accounting length, summarizing a business enterprise's operations, economic role, and cash flows. two vital sorts of accounting for companies are managerial accounting and value accounting. Managerial accounting facilitates management teams to make enterprise selections, while fee accounting allows commercial enterprise owners to determine how an awful lot a product ought to price.
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If uber compares its performance in canada to the performance of lyft, it would be.
If uber compares its performance in Canada to the performance of lyft, it would be benchmarking.
Benchmarking is the activity of comparing a company's business operations and performance indicators to industry bests and best practices. Quality, time, and money are the most commonly measured dimensions.Benchmarking in the future will integrate internal and external comparisons to discover more relevant insights. The capacity to collect and act on real-time empirical information and research-driven insights on leading practices in the context of the world outside your company is referred to as external sensing.Benchmarking is a technique used to evaluate and compare performance in order to achieve continual improvement. It is part of a comprehensive quality management process that comprises the following important components: Processes are prioritized above outcomes; information exchange is encouraged; and a readiness to modify and embrace best practices are implied.Thus this is the meaning of benchmarking.
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A precisely measured volume of 250.0 mL of a saturated NaCl(aq) solution at room temperature is heated to
evaporate the solvent and crystallize the solute.
The mass of the dry solute is measured to be 87.9 g.
What is the solubility of the sodium chloride solution?
Answer:
0.3516 g/mL
Explanation:
Solubility = Mass of dry solute/ Volume of aqueous solution
= 87.9g / 250 ml
= 0.3516 g/mL
The solubility of NaCl is 0.3516/g/L.
What is Solubility?Solubility is the amount of solute that can be dissolved in a solution at a fixed temperature.
It is given by :
Solubility = Mass of solute/ Volume of aqueous solution
The volume of the solution is 250 ml.
The mass of the solute is 87.9 gm
The solubility = 87.9 / 250 = 0.3516 g/L
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Please help, thank you if you do :)
Answer:
Am I trying to find out C or just simplify ?
Explanation:
7c + 40 + -3c
4c + 40
Customer relationship management software does not include information about
A. Current customers
B. Prospective customers
C. Former customers
D. Current Suppliers
Customer relationship management software does not include information about current customers, hence option A is correct.
CRM software is intended to track and manage customer interactions. This information contains contact information, purchasing history, and customer comments.
Software, on the other hand, does not often offer information about existing personnel. This is because CRM software is designed to handle external interactions, whereas HR software is designed to manage employee information.
Thus, "Customer relationship management software does not include information about" is A. Current Customers.
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On November 1, 2021, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $5,880 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2022. Taylor should recognize revenue in 2021 in the amount of:_________
a. $0.
b. $640.
c. $1,920.
d. $3,840
We need to consider the revenue recognition principle. Taylor should recognize revenue in 2021 in the amount of $0.
To determine the revenue that Taylor should recognize in 2021, we need to consider the revenue recognition principle. According to the revenue recognition principle, revenue should be recognized when it is earned and when there is reasonable certainty of its collection.
In this scenario, Taylor signed a one-year contract with King Associates on November 1, 2021, to provide handyman services on an as-needed basis. The contract is set to start immediately, but payment is scheduled to occur in 2022. The agreed-upon payment for the one-year period is $5,880.
However, revenue should only be recognized when it is earned and there is reasonable certainty of its collection. In this case, although Taylor is confident that King will pay the agreed-upon amount, the payment is not scheduled to occur until 2022. Therefore, there is no reasonable certainty of collection in 2021.
According to the accrual accounting principle, revenue should be recognized when it is earned, which typically occurs when goods or services are delivered. In this scenario, Taylor has not yet provided any handyman services, as the contract is set to start immediately after signing on November 1, 2021.
Based on these considerations, Taylor should not recognize any revenue in 2021. The correct answer is option a. $0.
It's important to note that revenue recognition may vary depending on the specific circumstances and accounting standards applied. However, in this particular scenario, where the services have not been provided and there is no reasonable certainty of collection in 2021, recognizing revenue in that year would not be appropriate.
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A central feature of Prahalad and Hamel's model of business strategy is its focus on functional business units within a firm. core competencies within a firm. core competencies of competing firms. firm comparisons across industries.
A central feature of Prahalad and Hamel's model of business strategy is the focus on core competencies within a firm. The Correct option is C
The model proposes that businesses should identify their unique strengths and capabilities that give them a competitive advantage over other firms. These competencies could be in areas such as technology, marketing, or production processes. By identifying and leveraging these competencies, businesses can develop innovative products, services, or business models that create value for customers and generate profits.
This approach requires a deep understanding of the company's internal capabilities, as well as the external market environment. Prahalad and Hamel argue that companies that can effectively leverage their core competencies will be able to outperform their competitors and achieve long-term success.
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Complete Question:
Which of the following is a central feature of Prahalad and Hamel's model of business strategy?
a) Focus on functional business units within a firm.
b) Core competencies within a firm.
c) Core competencies of competing firms.
d) Firm comparisons across industries.
Private data about employees or customers is considered what type of information?
Answer:
Personal
Explanation:
Workers don’t start the job at the same time and don’t get paid at the same wage.
In the long run, perfectly competitive firms are at equilibrium when: (LMC Long-Run Marginal Cost; LAC = Long-Run Average Cost) OP LMC LAC. OP LMC LAC O P = MR. OP=LAC > LMC
In the long run, perfectly competitive firms are at equilibrium when the price (P) is equal to the long-run marginal cost (LMC), and the long-run average cost (LAC) is greater than the long-run marginal cost (LMC).
In the long run, perfectly competitive firms are at equilibrium when option (d) P = LMC = LAC.
In perfect competition, firms aim to maximize their profits. In the long run, firms can adjust their inputs and outputs to achieve this goal. At the long-run equilibrium, the following conditions hold true:
Price (P) is equal to the firm's marginal cost (MC). This condition ensures that the firm is producing at the optimal level where the additional cost of producing one more unit is equal to the additional revenue generated from selling that unit.Price (P) is also equal to the firm's long-run average cost (LAC). This condition implies that the firm is producing at the minimum efficient scale, where the average cost per unit of output is minimized.Therefore, the correct statement is that in the long run, perfectly competitive firms are at equilibrium when P = LMC = LAC.
The complete question should be:
In the long run, perfectly competitive firms are at equilibrium when: (LMC - Long-Run Marginal Cost; LAC - Long-Run Average Cost)
a. P = MR
b. P = ELMC - LAC
c. P = LAC > LMC
d. P = LMC > LAC
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
11. True or false. A crime is an offense against the public at large.
a. TRUE
b. FALSE
Answer:
I mean I'm pretty sure that's true considering crime is against the law.
It is true that a crime is an offense against the general public. Thus option (A) is correct.
What is the offense?You know, playing offense refers to taking proactive measures, approaching rather than avoiding situations, getting a head start on the day, and tackling the difficult task first. By taking the offensive, you are shaping your life rather than letting it happen to you. Compared to playing defense, it is considerably more intriguing and gratifying.
The offensive conduct is the primary focus of a public order felony charge. While public order offenses generally follow a similar pattern across all states, certain local governments may have extra or different laws.
Such actions are viewed as crimes not because an obvious offender and victim can be identified, but rather because the larger community, or at least a vocal and influential portion of it, feels offended and hence victimized by such actions. Public order offenses have different legal standing in different jurisdictions.
Therefore, Thus option (A) is correct.
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When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in:
When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in: strategic trade-offs.
What are strategic trade-offs?
This is a term that is used in the business word to refer to the sacrifices that a firm would make in order to be able to deliver on its goals.
Trade offs could be the service levels that the firm is not able to achieve.
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What does the 4 Ps mean in marketing?
Answer:
4 Ps mean in marketing is product ,promtion,place,and price
Explanation:
3. A financial institution issues a guaranteed investment contract for $10,000 to its customers, which has a 6-year maturity and a guaranteed interest rate of 5% per year. The institution wants to fund the obligation using two debt instruments, which include 4-year zero-coupon bonds selling at a yield-to-maturity (YTM) of 5%, and also 5% annual coupon-paying perpetuities selling at par. Answer the following questions with steps of calculation shown:
(i) Describe an immunized portfolio for the first year such that the duration of asset portfolio is equal to the duration of the single-payment liability.
(ii) Next year, assume that YTM will remain at 5%. Describe the rebalancing strategy for the immunized portfolio.
The immunized portfolio in the first year consists of a long position in the zero-coupon bond with a weight of 1.5 and a short position in the perpetuity with a weight of -0.5. In the second year, the portfolio needs to be rebalanced with a weight of 1.25 for the zero-coupon bond and -0.25 for the perpetuity to maintain the duration matching condition.
(i) To create an immunized portfolio for the first year, we need to match the duration of the asset portfolio with the duration of the single-payment liability.
Step 1: Calculate the duration of the liability:
Duration of liability = maturity of the guaranteed investment contract = 6 years
Step 2: Determine the duration of the zero-coupon bond:
Duration of zero-coupon bond = maturity of the bond = 4 years
Step 3: Determine the duration of the perpetuity:
Duration of perpetuity = (1 + yield-to-maturity) / coupon rate = (1 + 5%) / 5% = 1.05 / 0.05 = 21 years
Step 4: Create a portfolio with appropriate weights:
Let's assume we invest X dollars in the zero-coupon bond and Y dollars in the perpetuity. We need to find the weights that satisfy the duration matching condition.
Weight of zero-coupon bond (W0) = duration of liability / duration of zero-coupon bond = 6 / 4 = 1.5
Weight of perpetuity (W1) = 1 - W0 = 1 - 1.5 = -0.5
Since the weight of the perpetuity is negative, we can consider it as a short position or use a negative amount. In this case, we would need to invest 1.5 times the liability amount in the zero-coupon bond and short 0.5 times the liability amount in the perpetuity.
(ii) In the second year, assuming the YTM remains at 5%, the rebalancing strategy for the immunized portfolio would involve adjusting the weights to maintain the duration matching condition.
Step 1: Calculate the new duration of the liability:
Since one year has passed, the new duration of the liability would be 5 years (original 6-year maturity minus 1 year).
Step 2: Determine the new duration of the zero-coupon bond and perpetuity (no changes since their maturities and coupon rates remain the same).
Step 3: Calculate the new weights of the zero-coupon bond and perpetuity:
New weight of zero-coupon bond (W0') = duration of the liability / duration of the zero-coupon bond = 5 / 4 = 1.25
New weight of perpetuity (W1') = 1 - W0' = 1 - 1.25 = -0.25
Similar to the first year, we would need to invest 1.25 times the liability amount in the zero-coupon bond and short 0.25 times the liability amount in the perpetuity to maintain the immunized portfolio.
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One common advantage of a long-term investment is
A. higher return
B. no nisk
C. higher liquidity
D. no liquidity.
Answer: A. higher return
Explanation:
The markets will bounce around from bad days to good. There isn't really a sure-fire way to know what will happen in the short term, but in the long term the investment will grow. This is due to a number of factors such as the economy expanding, workers becoming more productive, new technologies being developed, etc. Therefore, it's best to invest whatever of your paycheck that you can into a 401k, and leave it alone until retirement comes along. It's best not to check into the 401k very frequently because again, the markets are often volatile on a daily basis. It's better to let the money grow on its own and only check on it periodically.
One common advantage of a long-term investment is higher return. Hence, choice (A) is precise.
One normal benefit of long-term investment is the potential for better yields. Long haul speculations normally include holding resources, like stocks or land, for a lengthy timeframe, frequently years or even many years. Over the long haul, ventures have the amazing chance to fill in esteem and produce better yields contrasted with momentary speculations.
While long haul speculations accompany their own dangers and vacillations in esteem, they for the most part have the potential for more prominent additions because of variables like intensifying returns, the capacity to brave market unpredictability, and the potential for capital value increase over the long run.
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responses are often not received for positive accounts receivable confirmation requests. what should the auditor do if a confirmation response is not received?
If a confirmation response is not received for a positive accounts receivable confirmation request, the auditor should perform alternative procedures to obtain sufficient and appropriate audit evidence to support the account balance.
The auditor may also consider following up with the customer directly to confirm the receivable balance. If the customer fails to respond to the confirmation request, the auditor should inquire about the reason for the lack of response and assess the reliability of the customer's response.
It is important for the auditor to document all alternative procedures performed and the results obtained in response to the lack of confirmation response. In addition, the auditor should assess the potential impact of the lack of response on the overall audit opinion and consider the need for further audit procedures.
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Plowin' Supply plans to make 15,000 tractors at its plant. Fixed costs are $600,000 and variable costs are $200 per tractor. What is the average cost per tractor
Answer:
it is $240 with all total costs
Explanation:
`
Explain to the management of SSSMM the impact of the following socio-
economic issues on their business.
a.Inflation
b.Dumping
Answer:
inflation
Explanation:
this a process by which prices of a particular goods are high
appropriate for the workplace would be a hybrid model, meant to suit the learning needs of many rather than a few. Much like motivation learning is a unique experience for every individual. The textbook defines learning as " a change in behavior acquired through experience," (Nelson & Quick, 2018) and with every individual’s perception different from the next that change can be different for each person as well. Operant conditioning which is described as " the process of modifying behavior by following specific behaviors with positive or negative consequences," (Nelson & Quick, 2018) can be useful in the workplace, however I would argue that combining the thoughts and assumptions from that approach with Albert Bandura’s social learning theory which " asserts that learning occurs when we observe other people and model their behavior," (Nelson & Quick, 2018) would be far more useful. Much like how Alexander Stajkovic, and Fred Luthans drew on " ideas of self-efficacy and social learning to expand their original work into a comprehensive framework for performance management," (Nelson & Quick, 2018) I propose this hybrid model to teach employees self-efficacy to train them to believe that they have the ability to get things done. In training workers to grow, change, and learn self-efficacy, negative consequences would no longer be required to structure learning behavior, positive consequences would support more self-efficient worker behavior much better then negative consequences ever would.
Do you agree with the writer the writer in regards to which learnig approach works best for the workplace?Why or Why not? What other feedback would you give to the writer?
The writer proposes a hybrid model for workplace learning that combines operant conditioning with Albert Bandura's social learning theory.
They argue that this approach, which focuses on self-efficacy and modeling behavior, would be more effective in promoting positive learning experiences and behaviors among employees. While the hybrid model may have its merits, it is important to note that the effectiveness of learning approaches can vary depending on the context and individual differences. What works best for the workplace may differ based on factors such as the nature of tasks, organizational culture, and the specific needs of employees. Therefore, it would be valuable for the writer to acknowledge the potential limitations and contextual factors that could influence the applicability of their proposed hybrid model. Additionally, providing examples or empirical evidence supporting the effectiveness of the hybrid model in workplace settings would strengthen their argument.
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How do you think the Human Resources department affects the other departments?
Human resource departments have an impact on organizations because they manage employee recruitment, which determines which employees are hired. The typical tasks in the recruitment process include reviewing resumes, attending job fairs, and conducting multiple interviews.
How is the role of Human Resources department?In its most basic form, the HR (Human Resources) department is a group in charge of managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) as well as administering employee benefits.
Human Resources is in charge of five major responsibilities: talent management, compensation and employee benefits, training and development, compliance, and workplace safety. By effectively managing the employee lifecycle, an HR department can help provide organizational structure and the ability to meet business needs.
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Calculate the total state taxes due in the following transaction: The sales price is $249,480. The buyer will assume the seller's first mortgage of $190,000. The seller has agreed to take back a new purchase money second mortgage for $25,000. a. $1,796.50 b. $2,176.50 c. $2,461.50 d. $2,549.00
Then, multiply the taxable amount by the state tax rate. Without the specific state tax rate provided, it is not possible to determine the exact amount. Therefore, the correct answer cannot be determined without knowing the state tax rate.
To calculate the total state taxes due in the given transaction, we need to determine the applicable tax rate and apply it to the sales price.
Let's assume the tax rate is 1%.
Sales Price: $249,480
Assumed first mortgage: $190,000
Purchase money second mortgage: $25,000
To calculate the taxable amount, we subtract the assumed first mortgage from the sales price:
Taxable Amount = Sales Price - Assumed First Mortgage
Taxable Amount = $249,480 - $190,000
Taxable Amount = $59,480
Now, we can calculate the total state taxes due by multiplying the taxable amount by the tax rate:
Total State Taxes Due = Taxable Amount * Tax Rate
Total State Taxes Due = $59,480 * 0.01
Total State Taxes Due = $594.80
However, none of the provided options match this calculated amount. It seems that there might be an error in the given options. Please double-check the options or provide additional information if available.
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Question 6 of 10
Which sentence best completes the diagram?
Globalization
?
A. Incomes improve for poor people in all countries.
OB. Fewer companies have a need for natural resources.
OC. Natural resources move from poor to rich countries.
D. Local businesses face less international competition.
Answer:
answer is c
Explanation:
yes
The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.
Point B is consistent with the full employment of available resources.
Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.
Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.
Point G represents an unattainable combination of steak and potatoes.
Point H represents an inefficient use of New Carnitas's resources.
Given that the graph is not shown here these are the basic points in a production possibility curve.
The attainable point in a production possibility curve
This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.
The full employment of resources on the PPCThis is the point that has all the resources in the economy being used in the production of goods and resources.
The unattainable point in a PPCThe unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.
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Yes or yes? Please help me I am to not smart edhfvidsnf
Answer:
I think yes 000000000000000
Test your understanding 1. Whabi & Company's financial year ends on 31 December. They act as agent for another business and receive a commission on goods sold. The following information is provided: 20-6 Jan 1 Commission, $94, was owing to Whabi & Company Dec 31 Commission, $1350, was received Commission, $76, was owing to Whabi & Company 20-7 Dec 31 Commission, $1480, was received For each of the years ended 31 December 20-6 and 31 December 20-7 state: (a) the amount shown for commission received in the income statement (b) the amount (if any) shown for commission received in the balance sheet, indicating whether it is a current asset or a current liability
(a) For the year ended December 31, 20-6, the amount shown for commission received in the income statement is $94.
For the year ended December 31, 20-7, the amount shown for commission received in the income statement is $1480.
(b) For the year ended December 31, 20-6, the amount shown for commission received in the balance sheet is $76, which is a current liability.
For the year ended December 31, 20-7, the amount shown for commission received in the balance sheet is $0, as the commission received of $1480 would have been recorded in the income statement for that year.
How did we get the values?The amounts in the income statement and balance sheet are recorded based on the accrual accounting method. This means that revenue is recognized in the income statement when it is earned, regardless of when it is received, and liabilities are recognized when they are incurred, regardless of when they are paid.
In this case, the commission of $94 that was owing to Whabi & Company as of January 1, 20-6, was earned and recognized as revenue in the income statement for that year. The commission of $1350 received on December 31, 20-6, would have been recorded as a cash inflow in the cash flow statement, but not in the income statement as it was received after the end of the financial year.
For the year ended December 31, 20-7, the commission of $1480 received was recognized as revenue in the income statement for that year, and the commission of $76 that was owing to Whabi & Company was recorded as a current liability in the balance sheet, as it was incurred but not yet paid.
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Clara is a salesperson in The Corner Store. When Carla makes a sale to Jenny, the sale is
a. binding on The Corner Store.
b. binding on Carla.
c. binding on The Corner Store only if the owner of The Corner Store is present when the sale is made.
d. not binding on anyone.
When Carla makes a sale to Jenny, the sale is option a- binding on The Corner Store.
As an employee of The Corner Store, Carla is authorized to act on behalf of the store in making sales to customers. This means that when Carla makes a sale to Jenny, the transaction is legally binding on The Corner Store, which assumes responsibility for the sale and the products or services sold.
It is not necessary for the owner of The Corner Store to be present when the sale is made for it to be binding. As long as Carla has the authority to make sales and the transaction meets the requirements for a valid contract (such as offer, acceptance, consideration, and legality), the sale is legally binding on The Corner Store.
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Which of the following is not listed as a way to encourage ethical behavior at the organizational level?
A. Social responsibility audits
B. Shareholder analysis
C. Analysis of mission and goal statements
D. Ethics training
B). Shareholder analysis is not listed as a way to encourage ethical behavior at the organizational level.
Shareholder analysis refers to the financial analysis of a company's stock performance. This analysis is typically done to evaluate the company's financial health and does not have anything to do with encouraging ethical behavior.
Social responsibility audits, analyzing mission and goal statements, and ethics training are all viable ways to encourage ethical behavior in an organization. Therefore the correct answer is option b which is Shareholder analysis.
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The procedure requiring preparation of a prelisting of incoming cash receipts, with copies of the prelist going to the cashier and to accounting, is an example of which type of control? A. Detective. B. Corrective. C. Preventive. D. Directive.
The procedure requiring preparation of a prelisting of incoming cash receipts, with copies of the prelist going to the cashier and to accounting, is an example of a preventive control. Option C.
Preventive controls are designed to prevent errors or fraud from occurring in the first place. By having a prelisting of incoming cash receipts, the company can ensure that all cash received is properly accounted for and that any discrepancies can be detected early on. This helps to prevent any potential fraud or errors from occurring.
Additionally, the copies of the prelist going to both the cashier and accounting ensure that there is a separation of duties, which is another important aspect of preventive controls. By having different individuals responsible for different aspects of the accounting process, the company can reduce the risk of fraud or errors occurring.
In contrast, corrective controls are designed to correct errors or fraud after they have occurred, while detective controls are designed to detect errors or fraud after they have occurred.
Directive controls, on the other hand, are focused on directing or guiding individuals in their job duties, rather than preventing or correcting errors or fraud. So Option C is correct.
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What are three takeaways you learned from playing Money Magic that will help you when you create your own budgets in the future? Be specific
The 3 knowledge learned from playing Money Magic is accountability, making (creating) and also be current with one's personal budget.
What are the main aim of a budget?The aim of a budget in accounting is to make a kind of an exact financial plan for one's or firm's future.
Note that The 3 knowledge that was learned from playing Money Magic is accountability, making (creating) and also be current with one's personal budget and this will help one in planning of their financial life.
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The computer accessories that Javier is making and
selling are bringing in a substantial amount of money
for him. Inspired by this success, he decides to hire two
people and expand his business.
A.international competition
B.consumer sovereignty
C.wealth creation
D.property rights
E.profit motive
Answer:
E. Profit motive
Explanation:
Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.
This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.
Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.
In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Thus, this is an example of profit motive.
Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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