The operating budget make provision for primary costs such as payments to artists and staff who maintain the website,
The operating budget refers a detailed projection of expenses, expected future costs, and fore-casted income over a period of time
This budget helps to make plans for the income and expense departments expected in the business,
In conclusion, the operating budget is the budget that make the provision described in the question.
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joe has cash in a savings account totaling $7,500, and his monthly expenses are $2,500. what is his emergency fund ratio?
Based on the information given his emergency fund ratio is 3.
Using this formula
Emergency fund ratio=Amount saved/Monthly expenses
Where:
Amount saved=$7,500
Monthly expenses=$2,500
Let plug in the formula
Emergency fund ratio=$7,500/$2,500
Emergency fund ratio=3
Inconclusion his emergency fund ratio is 3.
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Explain traditional, local and surplus production
What term is designed to give the employee the freedom and opportunities to push the boundaries of their job description and to think about new and better ways to work?
The term initiative principle was created to give employees the freedom and opportunities to push the boundaries of their job description and think about new and better ways of working.
The initiative principle is one of the 14 administration principles that was developed by Henry Fayol and corresponds to the authorization of the expression of the collaborators' ideas.
Therefore, the principle of the initiative guarantees the possibility for the employee to contribute to the company with creative ideas that generate value, innovation, engagement and employee motivation.
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Answer:
Professional Development
depreciation expense and amortization expense represent ______ items requiring adjustments to net income under the indirect method.
Based on the information depreciation expense and amortization expense represent non-cash items.
Non-cash items has to do with expense that does not involve paying cash.
Depreciation expense and amortization expense are non cash item as no cash payment is involve.
Although this expense may be included in a company profit or loss account or net income but they do not have effect on a company cash flow.
Non cash item like depreciation expenses and amortization expense often have effect on a company overall net income.
Inconclusion depreciation expense and amortization expense represent non-cash items.
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Activities
- Pay Vendors
- Evaluate Vendors
- Inspect raw materials
- Plan for purchases of raw materials
Cost Drivers:
a) Number of different kinds of raw materials
b) Number of classes offered
c) Number of tables
d) Number of employees
What is Cost Drivers ?
A cost driver causes a change in an activity's cost. The idea is most frequently applied to allocate overhead expenses to the quantity of produced units. In order to reduce the cost of overhead, it can also be utilized in activity-based costing analysis to identify the causes of overhead. An activity-based costing system may employ a variety of cost drivers. Just one cost driver should be employed if a company just cares about adhering to the minimum accounting standards to allocate overhead to produced items. Cost drivers include things like the amount of customer interactions, engineering change orders, machine hours consumed, and product returns, as well as the number of direct labor hours performed.
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If you learn now how to speak effectively in public, you are more likely to be personally and financially successful in the business world. Can you imagine limiting your salary by 10 percent because you never tackled this fear
Answer: Worst- and best-case scenarios
Explanation:
Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated
the development of team roles arises from the ______ of the team, the organization, and the team members themselves.
Answer:Expectations
Explanation:
because of the relationship between net capital outflow and net exports, the level of net capital outflow at the equilibrium real interest rate implies that the economy is experiencing
Based on the relationship between net capital outflow and net exports, it can be illustrated that the economy is experiencing a balanced trade.
A balanced trade simply means when the imports that are in the economy are equal to the exports. This can be achieved through inflation control.
From the complete information, the relationship between net capital outflow and net exports can be depicted as:
C + I + G + X - M = C + S + T
(I - S) + (G - T) = (M - X)
Assuming the balanced budget is I - S = 0, it implies that M - X = 0 and this is a condition for a balanced budget.
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the seven members of the board of governors of the federal reserve are appointed by
As the financial institution that takes charge of the monetary policies of the government, the Board of Governors' seven members of the Federal Reserve are appointed by the US President and confirmed by the Senate.
The Board of Governors, which has its office in Washington DC, is in charge of the supervision of the Federal Reserve Banks. It manages the government's monetary policies and issues various banking and consumer-credit regulations.
Thus, the seven members of the board are appointed by the US President and their nominations are confirmed by the US Senate.
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Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The reasons that a company may convert receivables before their due date include: (Check all that apply.)
Answer: to quickly generate cash and to reduce risk of nonpayment
Explanation:
A dividend _______ is the amount of the dividend expressed as a percentage of the stock's market price,
Answer:
dividend yield
The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio.
Good Grains Bread Corp. plans to increase profits by providing custom bread baking mixes to the various countries where it sells. The company wants to match the tastes and preferences of the consumer in each of these markets. What type of strategy is Good Grains Bread Corp. using
The strategy Good Grains Bread Corp is using is localization.
Marketing localization is a marketing term that refers to the strategy in which a company focuses on a specific area and markets its product in that area (different from its origin)
One of the main characteristics of marketing localization is that companies offer products according to the tastes and preferences of buyers in those places (product customization). Likewise, companies adapt the image of their product to the language and culture of the destination.
According to the foregoing, it can be inferred that Good Grains Bread Corp is implementing localization to offer personalized products according to the preferences of its buyers in the different places where it sells its products.
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a major advantage of the corporate form of ownership is ______.
One of the main advantages of owning a company as a corporation is that there is B) limited legal liability
Limited liability:
Is a feature of corporations Means that the personal belongings of the owners are separate from that of the business and cannot be touched if things go awry.When there is limited liability and a company fails, creditors cannot touch the personal assets of the owners under limited liability.
In conclusion, limited liability is a major advantage of the corporate form of ownership.
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In Japan, uncertainty avoidance is low, so job descriptions, policy manuals, and similar work-related materials are more open-ended or general, in contrast to the detailed procedural materials developed by the Swedish. Group startsTrue or False True, unselected False, unselected
The uncertainty avoidance refers to a cross-cultural phenomenon that describes how different societies react to uncertainties.
It is true that there is strong uncertainty avoidance in Japan since they like to structure tasks so there is no doubt regarding what is to be done and how it is to be done.It is true that there is low uncertainty avoidance in Sweden when compared to Japan because the job descriptions, policy manuals and similar work-related materials are more open-ended or general in contrast with the detailed procedural materials developed by the Japanese.Read more about uncertainty avoidance:
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If both parties to a budget negotiation seek to expand the overall budget so that each party gets more, this is an example of which kind of negotiation strategy
The kind of negotiation strategy whereby both parties to a budget negotiation seek to expand the overall budget so that each party gets more is an example of integrative negotiation.
An integrative negotiation refers to a negotiation approach whereby both party reach a joint agreement through the creation of value for each party
Here, the value created is that the overall budget will be expanded so that each party gets more.Therefore, this type of negotiation strategy is known as integrative negotiation.
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If an item tends to be very expensive to repair, how might that affect your decision to purchase a warranty for it? a. If an item is very expensive to repair, it is probably easier to buy a new one than to repair it, so a warranty is probably not worth it. B. The price of a warranty is based on the price of the repairs, so a warranty might not be a good idea. C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself. D. Buying a limited warranty might be a good idea because limited warranties sometimes do not deal with repairs, meaning that you will not have to handle these expensive repairs.
Since the item is very expensive to repair, C. Buying an extended warranty might be a good idea so that you do not have to repair the item yourself.
An extended warranty ensures that the responsibility for repairs rests with the seller and not the buyer. The seller who gives the extended warranty will also be in the best position to repair the expensive item because it has developed the required in-house expertise.
Thus, an extended warranty, despite its high cost, ensures that the expensive item is repaired by the seller.
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Answer:
c
Explanation:
Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example of the ______ model of crowdfunding, where an entrepreneur offers a stake in the company in exchange for backing.
Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.
This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.
These rewards may be in the form of commodities, services, discounts, or adverts, etc.
There are various types of crowdfunding models. The most common types are the following:
Equity-based model;Donation or social-based model;Lending model;Reward-based model.Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.
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Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Asset Sales Price Cost Accumulated Depreciation Building $ 737,000 $ 718,000 $ 44,000 Sparkle Corporation stock 168,000 231,000 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $879,000. What are Shimmer's taxable income and tax liability for the year
Shimmer Incorporated's taxable income is $879,000 and the tax liability for the year is $184,590 at a 21% corporate tax rate.
Data and Calculations:
Asset Sales Price Cost Accumulated Capital Gain
Depreciation or (Loss)
Building $ 737,000 $ 718,000 $ 44,000 $63,000
Sparkle Corporation stock 168,000 231,000 n/a ($63,000)
Net Capital Gain or (Loss) = $0
Taxable income before capital gain transactions = $879,000
Add net capital gain or (loss) = $0
Adjusted taxable income $879,000
Tax liability (21%) = $184,590 ($879,000 x 21%)
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Implementing the closure process includes several _______ activities, including getting delivery acceptance from the customer.
The implementation phase is simply known as the stage where a person along with one's project team actually do the project work to produce the deliverables. Implementing the closure process includes several wrap up activities, including getting delivery acceptance from the customer.
The implementation phase in any closure process entails putting the project plan into action.The project manager often coordinate and direct project resources to align with the objectives of the project plan.
The closing phase of project management is known as the final phase of the project lifecycle.This process makes sure that work is completed based on to the project plan and scope.
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Say's Law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the economy. potential GDP; value of supply total quantity of goods; price level for output natural rate of unemployment; full employment GDP value of supply; value of demand
Based on the economic theory of demand and supply, Say's Law argues that a given "value of supply" must create an equivalent "value of demand" somewhere else in the economy.
This is based on the idea that supply would deduce the size of the macro-economy, which in turn makes sense in the long run.
Jean Baptiste Say is a French economist famous for being an adherent supporter of business competition, free trade, and removing restraints on business activities.
His Say's law was famous as it tried to define the market condition. Say's law is sometimes referred to as the Law of Market.
Hence, in this case, it is concluded that the correct answer is option D. "value of supply; the value of demand."
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The Big Outdoors, a specialty store that sells adventure sports gear, employs one salesperson per customer. Each salesperson is trained to influence customers to purchase other items related to the products they have purchased. In this scenario, The Big Outdoors is using ______ as its marketing strategy.
Based on the information given the Big Outdoors is using suggestion selling as its marketing strategy.
Suggestion selling is a marketing strategy that enables customers or buyers to purchase other related products or goods.
Most companies or organizations makes use of suggestion selling to increase sales and to create products awareness.
The salesperson will often use this sales technique on buyers after they might have purchased a product by suggesting more or other products to the customers that is related to the ones the customers purchased.
Inconclusion the Big Outdoors is using suggestion selling as its marketing strategy.
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Answer:
B. Suggestion Selling
Explanation:
Took the Test
Emilio and Dylan are studying the strengths and weaknesses of their construction business, Construction Concepts, as well as researching the opportunities and threats in the external environment. They are conducting a Multiple Choice SWOT analysis. synergy plan. contingency plan. forecast.
Based on the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting:
A. SWOT analysisAccording to the given question, we are asked to state the name of the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting.
As a result of this, we can see that Emilio and Dylan are actually conducting a SWOT analysis because they are making research to find out the feasibility of the business they want to engage in.
Therefore, the correct answer is option A
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the owl’s roost started out as a roadside farm stand that sold its organic fruits, vegetables, and homemade baked goods to customers driving by. as the popularity of its products grew, it began selling to the local markets, which made it easier for customers craving an owl’s roost peach pie to buy the pie directly from the nearby market, rather than from the farm stand, which was farther away. what type of marketing channel does this situation illustrate?
Marketing channels are employed in a bid to aid the distributorship of goods to customers. The marketing channel that was employed by Owl's Roost in the above example is;
Indirect Marketing Channel with one IntermediaryIndirect marketing or indirect selling occurs when businesses employ one or more intermediaries to help out in the distribution of their goods to customers. This is what Owl's Roost applied in this case.
The local market that was employed to aid distribution is the one intermediary that Owl's Roost used to sell its organic fruits and vegetables.
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A U.S. Senator from Michigan is in favor of environmental regulations that forbid industries from disposing chemical wastes in rivers, despite the fact that many companies in Michigan might come under scrutiny for the violation of such regulations. This scenario illustrates the _____ taken by Congress members.
Answer:
the trustee view of representation
Explanation:
Because the amount paid is linked to certain predefined behaviors or outcomes, ______ is specifically designed to energize, direct, or maintain employees' behavior.
Answer:
Umomgey
Explanation:
Based on the amound paid by the FKSA, you will be able to govern an employees relations and beahviors.
Incentive pay is specifically designed to energize, direct, or maintain employees' behavior.
What is Incentive pay ?Performance-based compensation known as incentive pay pays an employee for achieving predetermined goals or objectives. This payment may be made in the form of cash, stocks, extra paid time off, gifts, etc.
Instead of paying for the amount of hours worked, incentive pay is a monetary reward for achievement. The theory is that the possibility of cash reward will encourage the employee to meet specific performance goals or financial targets.
The basic goal of incentives is to tightly link employee rewards to their accomplishments. By offering greater remuneration for superior performance, this tie is achieved. Individuals will typically work harder because their performance depends on producing more and getting more rewards.
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Jamie Lee and Ross understand that purchasing the second home for the triplets to use during the college years is not all about saving money by avoiding paying the dorm rent. What are some of the liabilities that Jamie Lee and Ross can expect that are directly connected to owning the second home, that might make them second-guess the purchase?
Some of the liabilities that Jamie Lee and Ross may pay that make them to second guess the purchase would be loans and mortgages.
If the house is a mortgage then it would mean that the house would be a liability instead of an asset. This is going to make them to second guess on buying this house.
If these parents borrowed money in order to purchase the home it would be a liability on them because they would have to pay back the money owed.
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If the price that a firm charges is lower than its_____________of production, the firm will suffer losses.
When a firm charges a price for its goods and services, if this price is less than the cost of production, they will suffer losses.
The profit that a company makes is calculated as:
= Selling price - Cost of production
If the selling price is less than the cost of production, the profit will be negative. A negative profit is the same as losses. This means that if a company charges lower than this cost of production, they will incur losses.
In conclusion, companies charge above their cost of production so as not to incur losses.
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the new slide command on the ribbon lets you choose ________.
The New Slide command on the Ribbon lets you choose slide layouts.
Microsoft PowerPoint is a presentation program. Microsoft PowerPoint is used to create visual presentations of information using slides.
The menu Ribbon is used to accomplish several tasks in PowerPoint. It can be used to create a new slide, insert a picture or change the orientation of slides.
The New Slide command on the Ribbon lets you choose slide layouts.
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Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company? a. Dear Sir: b. To Whom It May Concern: c. Dear Mr. Patel: d. Gentlemen: Please select the best answer from the choices provided A B C D.
The ideal salutation for a cover letter addressed to Mr. Ravi Patel, Human Resources Manager of the ABC Company, is "Dear Mr. Patel." As a result, option (C) is the best one.
What is a cover letter?A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, covering letter, inspiration letter, motivating letter, or letter of motivation.
As a way of presenting oneself to potential employers and outlining their suitability for the desired roles, job seekers usually send a cover letter together with their curriculum vitae or petitions for employment.
Employers may use carefully crafted and unique cover letters as one tool for weeding out candidates who are not sufficiently interested in their openings or lack the essential foundational abilities.
In order to apply for an internship, students are frequently required to submit a cover letter. Samples of extracurricular and scholastic experiences ought to be included in these cover letters.
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On October 1, X-it Company bought a new delivery truck for $30,000. X-it plans to use the truck for 4 years, after which it will be sold for $6,000. What is depreciation expense for the year ended December 31 that year using double-declining-balance
Answer:
$3,750
Explanation:
The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:
$3,750 = ($30,000 x 2/4 x 3/12)