Answer:
Option (b) is correct.
Explanation:
Substitute goods refers to the goods which are having positive cross price elasticity of demand. This means that there is a direct relationship between the price of one good and the quantity demanded for its substitute good.
Therefore, the threat from substitutes is high when the price of substitute is lower the price of particular good because by offering a lower price for the same product induces consumers to buy product from this seller.
The substitute goods are having the similar characterstics and provide same level of satisfaction. That's why the consumers easily switch to the product with a lower price.
Answer:
The correct answer is letter "B": the substitute product's price is lower than the industry product's price.
Explanation:
Threats are all external factors that potentially represent a disadvantage for firms. When it comes to competition between companies, if one of them decides to set the price of their goods or services below the industry's standard, the scenario represents a threat for the competitors since consumers are price-driven which means more of them will prefer to purchase the products of the company offering at lower prices.
Which of the following practices will lead to effective recognition and rewarding of employees? Select one: a. Tying rewards to immeasurable performance so that employees provide more attention to quality rather than quantity b. Rewarding behavior, not just results c. Rewarding employees only through cash rewards as money is the most important and effective motivating factor for most employees d. Giving individual rewards rather than team rewards because team rewards can ignore the contributions of individual employees to the team
The methods that would lead to the practice of effective recognition and rewarding to the employee would be.
The effective recognition is through the use of rewards and the company giving them the value they deserve. There contribution to the team and the company overall. Hence the option Trying to reward the employee so that they can provide more attention and provide quality work.Learn more about the will lead to effective recognition and rewarding.
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Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer.
Answer:
It can be greater as well as less.
Explanation:
1st of all we should know what is Future Price and what is Stock Index.
The futures price can be more or less that the predicted fee.
When futures costs are lower than predicted price spot fees, the situation is known as normal backwardation.
When futures prices are higher than anticipated spot charges, it is called normal contango
If rent controls are imposed, they will most likely be set at either _______ or _______. A. Rent0; Rent1 B. Rent1; Rent3 C. Rent3; Rent4 D. All of the above are equally likely rent control levels.
Answer:
A. Rent0; Rent1
Explanation:
From the figure that is given in the question we can see that at Rent0 and Rent1 the demand is higher and supply is less so the rent can be increased to very high amounts as people will be willing to give that amount because of the limited supply. That is why the rent controls should be imposed at either Rent0 or Rent1.
St. Joseph's Day School is a private Catholic elementary school. It employs 43 people. Paula is a fourth grade teacher at the school. She is unmarried. When she announces to her supervisor that she is pregnant, she is fired the next day. Paula files a claim with the EEOC. What is the likely result and why
Answer:
The EEOC would not be able to do anything because the school is a Catholic religious institution and that falls under Title VII. With that being said the school cant be touched because its simply enforcing its religious beliefs.
Explanation:
Under Title VII, religious organizations are exempt when performing their religious activities. There is no basis for her claim and the EEOC will find no reasonable cause for her complaint.
Final answer:
The EEOC is likely to rule in Paula's favor since termination based on pregnancy is a form of illegal discrimination under the Pregnancy Discrimination Act, which is part of Title VII of the Civil Rights Act of 1964.
Explanation:
When Paula files a claim with the EEOC after being fired for being pregnant, the likely result would be that the school could face legal consequences for violating anti-discrimination laws. According to laws enforced by the EEOC, it is illegal to discriminate against an employee on the basis of pregnancy. As St. Joseph's Day School is a private Catholic elementary school and employs more than 15 people, it falls under the purview of the EEOC. Furthermore, the Pregnancy Discrimination Act of 1978, which is an amendment to Title VII of the Civil Rights Act of 1964, prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions.
While religious institutions have certain exemptions from discrimination laws, such as the ministerial exception clarified in Hosanna-Tabor Evangelical Lutheran Church and School v. EEOC, these typically do not extend to non-ministerial staff, and pregnancy discrimination would not likely be considered a permissible reason for termination.
Thus, if the EEOC finds that Paula's firing was indeed due to her pregnancy, St. Joseph's Day School could be ordered to provide remedies such as back pay, reinstatement, or other forms of compensation.
When we discuss _____ approaches, we are talking about how organizational decision makers actually approach ethical issues. a. Organizational b. Individual c. Descriptive d. Values-based e. Normative
Answer:
The correct answer is letter "E": Normative.
Explanation:
Normative Economics incorporates subjectivity and value judgments focusing on what "should be". It is usually implemented at the governmental level. Normative Economics leaves the door open for future changes, eliminates absolute statements and provides an avenue for analysis of different economic scenarios.
Peter Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Andrew Chance prepared the following budget for the year:
Chance Manufacturing, Inc. is inviting several consultants to bid for work. Andrew Peters wants to submit a bid. He estimates that this job will require about 250 direct labor hours.
Direct labor hours (professionals) 25,000 hours
Direct labor costs (professionals) $2,500,000
Office rent 320,000
Support staff salaries 1,260,000
Utilities 420,000
Requirements:
a. Compute Peters Realtors’ (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate.
b. Compute the predicted cost of the Chance Manufacturing job.
c. If Peters wants to earn a profit that equals 50% of the job’s cost, how much should he bit for the Chance Manufacturing job?
Answer:
the professional charges $100 dollar per hour
while the overhead is rate is $80 per hour
the bid will be for 67,500 dollars
Explanation:
wee add up the expected overhead cost:
320,000 rent
1,260,000 salaries
420,000 utilities
2,000,000 total
now we divide over the proposed driver (labor hours)
2,000,000 / 25,000 hours = $80
hourly bill: 2,500,000 / 25,000 = $100
the bid should be:
250 x ($100 + $80) = $45,000 cost
now we add the gain
$45,000 x ( 1 + 0.5) = $ 67,500 bid
Payroll was one of the first accounting applications to be automated because: a. it was the most crucial to business success b. it involved a highly repetitive, routine series of calculations c. it controlled the largest cash flow out of the business d. it was the most straight-forward to program e. all of the above
Answer:
(B). It involved a highly repetitive, routine series of calculations
Explanation:
Automation involves reducing or eliminating human input in a process and controlling the process using technology or by electronic means.
Payroll accounting in an organization entails calculating and recording employees' salaries, bonuses, wages and other financial information.
Payroll can be monotonous and involves a series of repetitive and routine calculations, and as such, was one of the first accounting applications to be automated.
(1 point) A repair company charges a fixed amount plus an hourly rate for a service call. Suppose it charges $200 for one-hour and $288 for five-hour call. Find a linear function that describes the price of a service call in terms of x, the number of hours.
Answer:
tariff = 22x + 178
Explanation:
We use high-low method
hours total cost
1 200
5 288
We subtract one from the other and get the information about hte slope:
4 hours generate cost for 88 dollars
we divide and get the slope:
88/4 = 22
now we replace and the the fixed cost:
total cost - variable cost = fixed cost
200 - 22(1) = 178 fixed cost
288 - 22(5) = 178 fixed cost
tariff = 22x + 178
The price of a service call is described by the linear function y = 22x + 178, where x is the number of hours and y is the total cost. The hourly charge is $22, and the fixed amount is $178.
Explanation:To find a linear function describing the price of a service call in terms of the number of hours, let's denote the total cost by y and the number of hours by x. We are given that the repair company charges $200 for a one-hour service call, which can be represented as (x, y) = (1, 200). We are also given that the charge for a five-hour call is $288, represented as (x, y) = (5, 288). To write the equation in slope-intercept form, y = mx + b, we need to find the slope m, which is the hourly rate, and the y-intercept b, which is the fixed amount. The slope can be calculated by dividing the difference in total costs by the difference in hours, which is (288 - 200) / (5 - 1) = 88 / 4 = 22. This means the hourly rate is $22.
The fixed amount b can be calculated using the price for a one-hour call. By substituting x = 1 and y = 200 into the slope-intercept form, we get 200 = 22(1) + b. Solving for b gives us b = 200 - 22 = 178. Therefore, the linear function that describes the price of the service call is y = 22x + 178.
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April works diligently to accomplish the company goals in an efficient and effective manner, utilizing her employees through planning, organizing, leading, and controlling company resources. April is:_____a. Entrepreneurship.b. Eveloping synergy.c. Delegating.d. Vision planning.e. Managing.
Answer:
Letter e is correct. Managing.
Explanation:
Managing is the organizational process of assuming essential responsibilities for the correct use of resources and for achieving objectives and goals. Therefore, it is necessary to define the expected results, which corresponds to planning. Organize the necessary resources for the effective execution of the work. Communicate necessary information and coordinate the processes for carrying out the work, that is, directing. And finally, controlling, that is, monitoring the results, the evolution of activities and correcting flaws for organizational effectiveness and obtaining the expected results.
Chuck applied for a job as a car salesman. During the process, Chuck had to submit to a background check as well as a credit check. When Chuck asked why these were necessary, the dealership informed him that due to the nature of the job, and having access to sensitive information such as social security numbers, addresses, and the like, clearing these two checks is necessary. These checks are allowed underMultiple Choice
a. bona-fide occupational qualification.
b. disparate treatment.
c. reasonable accommodation.
d. business necessity.
Answer:
The correct answer is letter "D": business necessity.
Explanation:
The business necessity defense is a position a company takes after deciding in regards to the requirements of the organization. These are job-related needs the company alleges to request to safeguard the firm's interest. For instance, requiring a Criminal Record Check ensures a company is hiring personnel with good behavior who have not committed illegal activities.
An examiner investigates and reports the results of a bankruptcy fraud investigation to the court. However, unless court appointed, his duties cannot include any of the following except: Operate a business Subpoena records Make business decisions Propose reorganization plans An examiner is not allowed to perform any of the above
Answer:
The correct answer is letter "A": Operate a business Subpoena records.
Explanation:
Subpoena means "under penalty" and is a document specially requested by Court where information is needed to present proof on the facts that are pending in a trial. The document should only be addressed when requested and failure to the submission implies penalties.
You purchase a meal from a food court restaurant in your local mall and notice a sign that reads, "Your meal is free if we fail to give you a receipt." Why would a restaurant post this sign? Please search the Internet and find an example of fraud in the fast food or retail industry involving employees and share the details of the fraud and consequences for the actions. Also, please identify what internal control(s) should have been in place to prevent this.
Answer:
The employees will not enter the sale in the system thus, making the entire revenue for themselves. The system will not reocrd the sale thus, it will not be in the cash blanace once the restaurant close it. The cashier will took the extra money. They can make a deal with the waitress to share the profit so It doesn't complain about receiving the receipt Or explain the customer it has to pay in cash as the system for credit card is failling.
In the end, making sure each customer receives a receipts will mean it was loaded in the system and thus, avoiding ghost tables.
Internal control measurement:
The manager, should make a random control for the cashier and for the tables to look if they match the customer and the tables used.
It should also start looking for how much is the average ticket and the ticket
It should also talk with the cooking employees how much dinners they prepare, how much bussy was the night or directly apply a production bonus thus, they will be incentive to keep track of the meals cooked.
Explanation:
the owner’s initial investment consists of $37,480 cash and $45,910 in land in exchange for its common stock. The company’s $17,350 equipment purchase is paid in cash. The accounts payable balance of $7,970 consists of the $2,720 office supplies purchase and $5,250 in employee salaries yet to be paid. The company’s rent, telephone, and miscellaneous expenses are paid in cash. No cash has been collected on the $13,320 consulting fees earned.
Answer:
What the question asks is to journalize the transactions.
Explanation:
The owner’s initial investment consists of $37,480 cash and $45,910 in land in exchange for its common stock.
Account Debit Credit
Cash $37,480
Land $45,910
Common Stock $83,390
The company’s $17,350 equipment purchase is paid in cash.
Account Debit Credit
Equipment $17,350
Cash $17,350
The accounts payable balance of $7,970 consists of the $2,720 office supplies purchase and $5,250 in employee salaries yet to be paid.
Account Debit Credit
Office Supplies $2,720
Accounts Payable $2,720
Wages Expense $5,250
Wages Payable $5,250
No cash has been collected on the $13,320 consulting fees earned.
Account Debit Credit
Accrued Revenue $13,320
Fees Revenue $13,320
Which level of the pyramid of global corporate social responsibility and performance represents acompany's efforts to be a good global corporate citizen, such as supporting community programs? 79)
______
A) Legal responsibility
B) Economic responsibility
C) Ethical responsibility
D) Financial responsibility
E) Philanthropic responsibility
Answer:
E) Philanthropic Responsibility
Explanation:
The Corporate Social Responsibility (CSR) represents the four type of responsibilities an organisation or corporation has to engage in. The pyramid at the base has the economic responsibility which means the corporation has the responsibility to be profitable
The second from the base is the legal responsibility which means the corporation has the responsibility to obey the law
The third which is also the second to the top of the pyramid is the ethical responsibility which signifies the responsibility of the corporation to be ethical, fair and transparent in all its dealings.
The top of the pyramid represents Philanthropic Responsibilities rooted in the responsibility of the firm to make efforts to be a good corporate citizen of a given society. This can be done by ensuring and being part of the progress of the society in form of support, carrying out development projects among others.
The level of the pyramid of global corporate social responsibility and performance that represents a company's efforts to be a good global corporate citizen, such as supporting community programs, is E. Philanthropic responsibility.
Explanation:Philanthropic responsibility refers to a corporation's ethical obligation to engage in charitable activities and contribute to social and community well-being beyond its core business operations. It reflects a commitment to make a positive impact on society through voluntary giving and community support. It is the level of the pyramid of global corporate social responsibility that represents a company's efforts to be a good global corporate citizen, such as supporting community programs.
This level focuses on voluntary actions that go beyond legal and economic responsibilities, with an emphasis on giving back to society and making a positive impact. Companies engage in philanthropic responsibilities by donating to charities, supporting community initiatives, and participating in sustainable development projects.
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A movie theater manager asks an employee, "Should we distribute tickets to the movie on a first-come-first-served basis or through a lottery?" The manager's question is best classified as which one of the following fundamental economic questions?
a)For whom to produce
b)What to produce
c)How to produce
Answer:
For whom to produce.
Explanation:
This fundamental question tends to answer the sector of the customers the company will produce for. It reflects the customer's buying power and willingness.
For example, If the customer we are producing has enough money, so we should go for first come first served basis, OR, If the customer lacks money and it hinders the customer to watch a movie so we motivate them to participate in a lottery so are in guise targeting that section as well.Mr. Trail engaged in a current year transaction generating $50,000 of cash but only $40,000 of taxable income and $10,000 of nontaxable income. If Mr. Trail’s marginal tax rate is 40%, compute his after tax cash flow from the transaction.
Answer:
$34,000
Explanation:
Given that,
Cash generated = $50,000
Taxable income = $40,000
Non taxable income = $10,000
Marginal tax rate = 40%
Hence,
After tax cash flow:
= Cash generated in a current year - (Taxable income × Marginal tax rate)
= $50,000 - ($40,000 × 40%)
= $50,000 - $16,000
= $34,000
Therefore, the after tax cash flow from the transaction is $34,000.
Mester Company has 10 employees. FICA Social Security taxes are 6.2% of the first $117,000 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Cumulative pay for the current year for each of its employees follows.
Employee Cumulative Pay Employee Cumulative Pay Employee Cumulative Pay
Ken S $6,000 Ann T $146,500 Lori K $119,500
Tim V 60,200 Kathleen K 106,900 Kitty O 36,900
Steve S 87,000 Michelle H 117,000 John W 4,000
A) Compute the amounts in this table for each employee:
(1) FICA Social Security (2) FICA Medicare (3) FUTA taxes (4) SUTA taxes.
B) For the company, compute each total for FICA Social Security taxes, FICA Medicare taxes, FUTA taxes, and SUTA taxes.
(1) tax paid by the employee (2) tax paid by the employer.
Answer:
[tex]\left[\begin{array}{CCCccc}&accumulated&OASDI&HI&SUTA&FUTA\\KEN&6000&360&90&324&36\\ANN&146500&7020&1755&378&42\\LORI&119500&7020&1755&378&42\\TIM&60200&3612&903&378&42\\KATHLEEN&106900&6414&1603.5&378&42\\KITTY&36900&2214&553.5&378&42\\STEVE&89000&5340&1335&378&42\\MICHELLE&117000&7020&1755&378&42\\JHON&4000&240&60&216&24\\\end{array}\right][/tex]
HI OASDI SUTA FUTA TOTAL
Employer 9810 39240 3186 354 52590
Employee 9810 39240 49050
TOTAL 19620 78480 3186 354 101640
Explanation:
We will compare the accumulated wages with the celling of each tax and apply the tax-rate oto the lower amount.
Then FUTA and SUTA will only be paid by the employeer.
Also, the employeer contributes the same amount for Hi and OASDI as the employees
If the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,000, an overhead cost is $309,000, and the ending work in process inventory is $45,000, calculate the cost of goods manufactured:
Answer:
The cost of goods manufactured is $860,000
Explanation:
The cost of goods manufactured = The cost of the beginning work in process inventory + direct materials cost + direct labor cost + overhead cost - the ending work in process inventory.
The company has the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,000, an overhead cost is $309,000, and the ending work in process inventory is $45,000
The cost of goods manufactured = $50,000 + $340,000 + $206,000 + $309,000 - $45,000 = $860,000
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9,500 $16,180 Work in process 5,670 8,560 Finished goods 9,700 6,800 Costs incurred: raw materials purchases $58,740, direct labor $50,330, manufacturing overhead $23,960. The specific overhead costs were: indirect labor $6,740, factory insurance $4,430, machinery depreciation $4,720, machinery repairs $2,290, factory utilities $3,840, and miscellaneous factory costs $1,940. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020.
Answer:
Cost of goods manufactured $ 123,460
Cost of goods sold: $ 126,360
Explanation:
Raw materials
beginning 9500
purchased 58740
ending (16180)
used in production 52060
cost added
materials 52060
direct materials 50330
overhead 23960
total 126350
COGM
beginning WIP 5670
added 126350
ending WIP (8560)
COGM 123460
COGS
beginning FG 9700
COGM 123460
ending FG (6800)
COGS 126360
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-line management b. Middle-level marketing management c. Front-line supervisor d. Top management e. Administrative management
Answer:
D. Top management
Explanation:
The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.
A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return. Decision with this magnitude will most likely fall to the hands of the top managers in the company.
Which of the following is not required of a celebrity who will be endorsing a product? a. verification of the claims to be presented b. actual use of the product c. disclosure of source of claims not known personally by the celebrity d. All of the above are required.
Answer: D. All of the above are required.
Explanation: A celebrity is a famous person who is well-known for their social status which they employ in promoting products, services or in raising awareness concerning certain issues. This is known as celebrity endorsement which attaches the fame of celebrities to brands and products.
For a product to be endorsed by celebrities the claims about the product to be advertised must be verified; most times the products are also made available to them for their personal use to elicit more authentic personal reviews; and sources of claims concerning the product not personally known by the celebrity ought to be disclosed (especially in cases where the celebrity doesn't or can't personally uses the product).
Celebrities inspire consumer confidence, can reach a wider audience and even effectively raising funds geared towards solving problems.
__________________ is a political system in which the government tolerates little or no opposition but permits nongovernmental centers of influence and allows debate on some issues of public policy. Select one: a. Democracy b. Authoritarianism c. Monasticism d. Totalitarianism
Answer:
Authoritarianism
Explanation:
an authoritarianism government will not tolerate opposition but will permit the existence of debate on some issues of public policy.
Is important to notice that Decracy does allow for opposition to the government and relies on a healty opposition to keep the system working
While Totalitarianism will not tolerate any kind of though which is not in their belief system
What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $51,900 taxable income?
Answer:
Tax Liability: $5,840
Marginal Tax Rate: 12%
Average Tax Rate: 11%
Explanation:
*The tax liability is determined using the tax rate for 2019 tax bracket.
For married couple filling jointly, the tax rates for taxable income of $51,900 are:
Tax Rate Income Bracket
10% $0 – $19,400
12% $19,401 – $78,950
So the tax liability will be:
10% * $19,400 = $1,940 (first $19,400)
12% * $32,500 = $3,900 (Balance of $32,500)
Total tax liability = $5,840.
*Marginal tax rate is the tax rate paid on the last unit of income, the last dollar. In this case, the last dollar was taxed at 12%. Hence the marginal tax rate is 12%.
*Average tax rate is the proportion of taxable income that is to be paid as tax. It is derived by dividing the tax liability by taxable income.
Average tax rate = $5840
$51,900
Average tax rate =11.2524%
Average tax rate = 11% (rounded up to whole figure)
The tax liability, marginal tax rate, and average tax rate for a married couple filing jointly with $51,900 taxable income necessitate referencing current IRS tax rate schedules. The marginal tax rate is the rate for the highest dollar earned, while the average tax rate is the total tax divided by the total income, which for married couples is often lower than for single filers.
To determine the tax liability, marginal tax rate, and average tax rate for a married couple filing jointly with $51,900 taxable income, we would need to refer to the tax rate schedules provided by the Internal Revenue Service (IRS) for the relevant tax year. As tax rates can change annually, specific values would require the latest tax table.
Generally, the United States has a progressive tax system, meaning that as income rises, higher income portions are taxed at higher rates. Marginal tax rate refers to the rate at which the last dollar of income is taxed, whereas the average tax rate is calculated by dividing the total tax liability by the total taxable income.
For example, if a married couple's income is within the range where their next dollar would be taxed at 12%, their marginal tax rate is 12%. To calculate the average tax rate, you divide their total tax liability (which takes into account all the brackets their income has passed through) by their total taxable income.
Comparing married filing jointly rates to those of single filers, married couples often have wider tax brackets, which results in lower marginal tax rates for the same amount of income, which can have an impact on behaviors like labor participation and investment.
In addition to the individual income tax, individuals may be required to pay other taxes. Taxpayers with a large amount of tax preference items and itemized deductions may be subject to the _____
Answer:
Taxpayers with a large amount of tax preference items and itemized deductions may be subjected to the alternative minimum tax (AMT).
Explanation:
Alternative minimum tax is a form of tax that applies to individuals who have enjoyed large tax benefits on their high economic income. This tax serves as a redressing tool to make sure that individual pays a minimum tax.
Alternative minimum tax is the surplus of supposed minimum tax over the regular tax. When calculating the supposed minimum tax, the income of an individual, deduction and exemptions are considered and alternative minimum tax rate is applied.
After getting the supposed minimum tax, it`s compared with the regular tax. If it higher than the regular tax, then the individual is subjected to alternative minimum tax.
Which of the following statements about marketing information systems (MIS) is correct? A. Marketing information systems provide information only to a company's internal users. B. An MIS is focused on internal data and ignores the marketing environment. C. An MIS begins and ends with information collectors. D. A good MIS gives managers all the information they ask for. E. A good MIS must balance what users would like to have against what they really need and what is feasible to offer.
Answer:
A good MIS must balance what users would like to have against what they really need and what is feasible to offer.
Explanation:
Management Information Systems (MIS) is an information system used for decision-making in an organisation. It is used to test people, processes, and technology with the aim of increasing value and profit of the business.
There needs to be a balance of what users really need to have access to and what is feasible. The system should be cost effective providing only the necessary tools to users.
Considering the options, the correct statement about MIS is that a good MIS balances what users would like to have against what they really need and what is feasible to offer. This encapsulates the necessity of understanding both internal and external data while maintaining relevant information delivery.
Explanation:In regards to the statements about marketing information systems (MIS), the correct choice is E. A good MIS must balance what users would like to have against what they really need and what is feasible to offer. This is because an MIS is integral to a company's operations and decision-making process, and it encompasses both internal and external data inputs. It doesn't strictly provide information to a company's internal users alone (A), nor focusing solely on internal data while ignoring the marketing environment (B).
Moreover, an MIS doesn't begin and end with information collectors (C), as it also involves data interpretation, processing, and storage activities. In addition, while a good MIS strives to provide managers with all the information they ask for (D), it's important to note that only the relevant and necessary information should be given, avoiding information overload.
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ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for a. Developing human capital b. Developing social networks c. Decreasing labor intensive training d. Leveraging organizational structure
Answer:
The correct answer is letter "A": Developing human capital.
Explanation:
Developing human capital implies training existing employees of the company so they can specialize in their every-day duties which is likely to be positively reflected in their efficiency at work, increasing at the same time the productivity of the organization.
The situation depicts ABC, Incorporated's interest in 'Developing human capital'. This refers to maximizing the potential of employees through their knowledge, skills, and abilities to contribute to the organization's productivity and output.
Explanation:The scenario described in the question is an example of ABC, Incorporated's concern for Developing human capital. Human capital refers to the knowledge, skills, and abilities possessed by an individual that can be used to provide economic value to an organization. In this case, ABC, Incorporated desires to have the best possible individuals in every position, which is a clear sign of it trying to maximize its human capital. As opposed for developing social networks, decreasing labor-intensive training, or leveraging organizational structure, investing in human capital often leads to increased productivity and output.
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In a laissez-faire economic system: A. government's role includes planning the economy's output. B. the government owns most nonhuman productive resources. C. the government takes on a substantial degree of economic and regulatory control over the private sector. D. government's role is limited to protecting and enforcing property rights and providing public goods.
Answer:
D. government's role is limited to protecting and enforcing property rights and providing public goods.
Explanation:
Laissez-faire economic system -
It refers to the theory , which does not agrees to the intervention of the government in any of the business affairs , is referred to as Laissez-faire economic system .
The basic principle of this economic system is to " leave alone " .
The government does not have any right to interfere in the business practices .
Hence , from, the given information of the question,
The correct option is d.
"The balance sheet of Ambiance Corporation reported current assets of $186,708, total assets of $300,000, current liabilities of $36,139, and total liabilities of $125,000. What is the company’s current ratio?"
The current ratio of Ambiance Corporation is approximately 5.17, indicating a strong short-term financial health, as it suggests that current assets are more than sufficient to cover current liabilities.
The company’s current ratio is calculated by dividing its current assets ($186,708) by its current liabilities ($36,139). To find the current ratio, you perform the following calculation: $186,708 / $36,139, which equals approximately 5.17. This ratio is a liquidity ratio that provides insight into the company's short-term financial health. A current ratio above 1 suggests that the company has adequate resources to meet its short-term obligations, and with a current ratio of 5.17, Ambiance Corporation appears to be in a strong short-term financial position.
Nathan's Athletic Apparel has 1,500 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $20,000 in 2021.
Required: 1. & 2. Assuming the preferred stock is cumulative and noncumulative, how much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?
Preferred stockholders of Nathan's Athletic Apparel will receive $18,000 if the stock is cumulative and $9,000 if it's noncumulative, with common stockholders receiving $2,000 and $11,000 respectively from the $20,000 dividend in 2021.
If Nathan's Athletic Apparel has issued 1,500 shares of 6%, $100 par value preferred stock, the dividends owed on this stock annually would amount to $9,000 (1500 shares * $100 par value * 6%). With a planned dividend of $20,000 in 2021, we need to calculate how much of this amount will go to preferred stockholders and how much to common stockholders, considering both cumulative and noncumulative scenarios.
For cumulative preferred stock, dividends not paid in previous years must be paid out before any dividends can go to common stockholders. In this case, 2020's unpaid dividend of $9,000 would be added to 2021's dividend for preferred stockholders. Therefore, preferred stockholders would receive $18,000 in total ($9,000 for each year), leaving $2,000 for common stockholders ($20,000 total dividend - $18,000 for preferred stockholders).
In the scenario with noncumulative preferred stock, dividends not paid in the past do not accumulate. Thus, in 2021, preferred stockholders would receive just $9,000 (the dividend for that year), allowing common stockholders to receive the remaining $11,000 ($20,000 - $9,000).
Prepare the income statement for Quality Aquatic Company for the most recent year. Use the calculation of cost of goods sold, cost of goods manufactured, and the amounts below. Assume that the company sold 36 comma 000 units of its product at a price of $ 14 each during the year.
Answer:
Net income 167,900
Explanation:
Sales revenue 36,000 x $14 = 504,000
Cost of good sold- (230,600)
Gross Profit: 273,400
Marketing expenses (77,000)
Administrative expenses (28,500)
Net income 167,900
Missing information attached.
We subtract the cost of good sold to get the gross profit.
the material, labor and overhead cost are included in the cost of good sold so we don't have to conted again. We will only post the expenses not related to manufacturing department which are, selling and adminsitrative.