In the given example, Gavin would be best described as a (e.) middle manager. His job entails supervising the work of several payroll clerks and training them in proper procedures and ensuring that the deductions and withholding taxes are properly deducted and complied with the company’s policy which means Gavin serves as a mentor or guide to those employees who does not have enough experience yet in order for them to work efficiently.
The starting point in preparing a master budget is the preparation of the select one:
a. production budget.
b. sales budget.
c. purchasing budget.
d. personnel budget.
The starting point in preparing a master budget is the preparation sales budget.
What is the sales budget?This can be referred to as a financial plan that is used to show the revenue made by a business over a period of time.
The sales budget is one of the ways that is used to make plans and also control expenditure in the business.
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List the steps of the decision making process with the first step on top
Making sound decisions is a skill that must be honed. It is not something we are born with, but rather a step-by-step process that is usually learned via life experience.
Write about a good Decision-making process?When making a decision, there are numerous steps that can be done; however, when making smart decisions, only five processes must be considered. These are the actions to take:
Step 1: Determine Your Goal
Step 2: Collect Data for Evaluating Your Options
Step 3: Think About the Consequences
Step 4: Make a Choice
Step 5: Assess Your Choice
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Using the aggregate demand curve and the inflation adjustment line, describe what would happen to real gdp and inflation in the short run, in the medium run, and in the long run if the government increased spending permanently. assume that the economy was initially at potential output before the increase. be sure to provide an economic explanation for your results.
If the government increases spending permanently, it would have an impact on real GDP and inflation in the short run, medium run, and long run and would impact the aggregate demand curve and the inflation adjustment line.
Short Run:
In the short run, the increase in government spending would lead to a shift in the aggregate demand (AD) curve to the right. This shift would result in higher real GDP due to increased government expenditure. As a result, there would be an increase in output and employment levels. However, in the short run, the increase in aggregate demand may exceed the economy's capacity to produce, causing inflationary pressures. This is because the increase in spending leads to higher demand for goods and services, potentially pushing prices upward.
Medium Run:
In the medium run, the economy would adjust to the increased government spending. As prices begin to rise due to the initial increase in aggregate demand, firms may increase production to meet the higher demand and take advantage of the increased profitability. This increased production could result in higher real GDP. However, as the economy approaches potential output, the positive output gap (the difference between actual output and potential output) starts to close. This closure of the output gap reduces the pressure on prices, mitigating the inflationary impact. In the medium run, real GDP may remain relatively higher, while inflationary pressures start to moderate.
Long Run:
In the long run, the increase in government spending may have further implications. As the economy approaches its potential output level, the output returns to its natural level, and any temporary inflationary pressures dissipate. In the long run, the increase in government spending may lead to an upward shift in the potential output (production capacity) of the economy if the spending is allocated to productive investments such as infrastructure development or human capital formation. If the government spending is unsustainable or does not contribute to long-term growth, it may not have a lasting impact on potential output.
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For convenience, pricing objectives can be divided into three categories, which are:
a. differentiated, niche, and undifferentiated.
b. refundable, competitive, and attainable.
c. perceived, actual, and situational.
d. profit oriented, sales oriented, and status quo.
A(n) _____ is used by employers to collect information about individuals applying for a job and becomes part of a hired employee’s permanent file.
It is a document used by a person to present their backgrounds and skills. Résumés can be used for a variety of reasons, but most often they are used to secure new employment.
Answer:
Job Application
Explanation:
Edge 2020
Braedon’s employer is requiring his employees to work ten-hour days for the next week, starting on April 10th. In which workplace is Braedon most likely working?
a mortgage company
a credit union
a tax preparation office
an insurance company
Answer: a tax preparation office
The office that experiences the bulk of their work especially on Month of April is the tax preparation office. 'Tax Season' is the time period between January 1 and April 15, in which individuals traditionally prepare the previous year's financial statements and reports. In the United States, the filing of annual tax return should be done by April 15.
A tax preparation office receives these forms/statements in bulk and needs them to be processed within this period also, thus Braedon’s employer required them to work ten-hour days starting April 10th.
Answer:
Tax preparation.
Explanation:
The better-watered volcanic islands, where the economy is based on agriculture, are known as:
a.high islands.
b.low islands.
c.melanesian islands.
d. micronesian islands.
Which career pathway performs the tasks of rescuing people and giving first aid, writing parking tickets, and catching stray animals?
A) Security and Protective Services
B) Legal Services
C) Corrections Services
D) Emergency and Fire Management Services
The career pathway that performs the tasks of rescuing people and giving first aid, writing parking tickets, and catching stray animals is Emergency and Fire Management Services. The correct option is D.
What is the role of emergency services?People's rescue and lifesaving. property defense and deflationary control. other specialized services, such as flood/water rescue services, being rendered. where the use of equipment and personnel from the fire department is appropriate, to aid people.
Emergency and Fire Management Services is a career pathway that involves a range of tasks related to public safety and emergency response. This career pathway is primarily focused on responding to emergency situations such as fires, natural disasters, accidents, and other incidents that require immediate assistance.
Thus, the ideal selection is option D.
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The digby company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. the expected salvage value at the end of 15 years is $4,090,000. what will the book value of this purchase (exclude all other plant and equipment) be after its third year of use
The book value of the plant and equipment after its third year of use would be $33,538,000. This is obtained by subtracting the accumulated depreciation over three years (calculated using the straight-line method) from the initial cost of the asset.
Explanation:To find the book value of the plant and equipment after its third year of use, you would need to use the straight-line method of depreciation. This method allows you to subtract the salvage value from the cost of the asset and then divide the result by the asset's useful life.
First, deduct the salvage value from the initial cost: $40,900,000 - $4,090,000 = $36,810,000. This gives you the total amount that will be depreciated over 15 years. The straight-line depreciation each year would be: $36,810,000 / 15 = $2,454,000. This will be the annual depreciation.
After three years, this accumulates to: $2,454,000 * 3 = $7,362,000, which is the total depreciation for the first three years. Finally, subtract the total depreciation from the initial cost to find the book value after 3 years: $40,900,000 - $7,362,000 = $33,538,000.
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. It is your responsibility to do the following for your own protection, EXCEPT:
A) Notify your employer if you have a respirator problem
B) Ask your employer if you have any respiratory questions
C) Keep your respirator clean and in good working condition
D) Buy your own respirator if your employer won't fit you for one
The answer is D to this question
Answer
Except: D. Buy your own respirator if your employer won’t fit you for one.
Explanation
It is the responsibility of the worker to ensure safety and his or her own protection through; Notifying the employer if you have a respiratory problem, asking your employer if you have any respiratory questions and keeping your respirator clean and in good working condition.
7. The way to properly lift an item is:
A) Squat down close to the item with your back arched, knees locked, and stomach muscles relaxed
B) Lift and stand up slowly, keeping your back straight and letting your legs do the lifting.
C) Grip the item loosely with your fingers
D) Stand at a distance from the item on your tiptoes with your heels touching.
The answer is: B) Lift and stand up slowly, keeping your back straight and letting your legs do the lifting.
Failing to control the speed of your lifting and maintaining proper posture could cause you to suffer from muscle strains. In worse case scenario, muscle strains is not only your problem. Since areas that hurt from lifting accidents could be located around your lumbar, it can even damage your ability to walk.
True or false: In retailing, "product" and "merchandise" are used interchangeably.
The answer is true.
While talking to a customer you can use either words to represent what your trying to sell or present.
In a retail context, 'product' and 'merchandise' are often used interchangeably. However, while all merchandise is a product, not all products are merchandise.
Explanation:True, in the context of retailing, the terms 'product' and 'merchandise' are often used interchangeably. However, it's important to note that there can be subtle differences depending on the context. 'Product' generally refers to anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. On the other hand, 'merchandise' refers more specifically to goods that are bought and sold in business. So while all merchandise is a product, not all products can be considered merchandise (such as services).
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If the fed increases the supply of bank reserves, ________.
a. the federal funds rate falls
b. consumption falls
c. investment falls
d. the inflation
Morgan corporation uses estimated direct labor hours of 200 comma 700 and estimated manufacturing overhead costs of $ 920 comma 500 in establishing manufacturing overhead rates. actual manufacturing overhead was $ 970 comma 100, and allocated manufacturing overhead was $ 1 comma 013 comma 000. what was the number of actual direct hours worked? (round intermediary calculations to the nearest cent and the final answer to the nearest dollar.)
Given:
Estimated direct labor hours of 200,700 hrs
Estimated manufacturing overhead costs of $920,500
Actual manufacturing overhead costs of $970,100
Allocated manufacturing overhead is $1,013,000
Find the number of actual direct hours worked in Morgan Corporation?
Determine first the overhead allocation rate by dividing the estimated overhead costs to the estimated direct labor hours: $920,500/200,700 hrs = $4.586 à round to nearest cent $4.60
Next is divide the allocated manufacturing overhead to the overhead allocation rate: $1,013,000/$4.60 = 220,217.39 à round the answer to 220,217
The actual number of direct hours worked is 220,217 hours.
A firm based in Washington state wants to export a shipload of finished lumber to the Philippines. The would-be importer cannot get sufficient credit from domestic sources to pay for the shipment but insists that the finished lumber can quickly be resold in the Philippines for a profit. Outline the steps the exporter should take to effect this export to the Philippines.
Final answer:
To export lumber to the Philippines, the exporter must assess the importer's credit risk, secure payment through a letter of credit, comply with export regulations, manage shipping logistics, obtain insurance, finalize the purchase agreement and monitor the shipment.
Explanation:
The process of exporting lumber from Washington state to the Philippines involves several critical steps to ensure the transaction is successfully and securely completed. Given the importer's inability to secure sufficient credit domestically, the exporter must take measures to protect their financial interests while facilitating the export.
Assess Credit Risk: Investigate the potential importer's creditworthiness through international credit reports or credit insurance companies.Secure Payment: Consider using a letter of credit issued by a reputable bank as a means of ensuring payment upon delivery. This document guarantees that the bank will pay the exporter once certain conditions are met.Compliance with Export Regulations: Ensure that all export documentation is in place, including export licenses if required and compliance with the U.S. Export Administration Regulations (EAR).Shipping Logistics: Coordinate with a freight forwarder experienced in international shipments to handle the logistics of shipping the lumber efficiently.Insurance: Obtain comprehensive marine insurance to protect against loss or damage during transit.Finalize Purchase Agreement: Prepare a contract that includes all terms of the sale, such as price, delivery schedule, and payment terms.Monitoring the Shipment: Monitor the shipment until it safely arrives in the Philippines and is accepted by the importer.What is budgeting time for a presentation?
Answer:
In doing a presentation, budgeting ones time is very significant. Budgeting time for a presentation can be the period of preparation or it can be the allotment of time for the presentation itself. During the planning period, of course it is necessary to be ready for the content and visual of the presentation. Plan ahead of time and not just do everything overnight. With regards to the presentation, it depends on the time given to you as a speaker. Just be sure that the body or content of your presentation must be longer compared to the introduction and conclusion. It does not need to be lengthy but it must contain the important details of your topic.
Explanation:
asap please if your company introduces a product as a temporary high price and intends to lower the price later, you are using what type of pricing strategy
A. penetration pricing
B. promotional pricing
C. price skimming
D. unit pricing
A consulting engineering firm is considering two models of suvs for the company principals. a gm model will have a first cost of $36,000, an operating cost of $4000, and a salvage value of $15,000 after 3 years. a ford model will have a first cost of $32,000, an operating cost of $4100, and also have a $15,000 resale value, but after 4 years. (a) at an interest rate of 12% per year, which model should the consulting firm buy? conduct an annual worth analysis. (b) what are the pw values for each vehicle?
The consulting firm should buy the GM model. The PW for the GM model is approximately $94,458, and the PW for the Ford model is approximately $109,167.
(a) First, calculate the annual worth for each SUV model:
GM model: $36,000 + 4000(A/P, 12%, 3) - 15,000(P/F, 12%, 3) = $36,000 + 4000(2.913) - 15,000(0.711) = $34,652
Ford model: $32,000 + 4100(A/P, 12%, 4) - 15,000(P/F, 12%, 4) = $32,000 + 4100(3.037) - 15,000(0.635) = $40,287
Since the GM model has a lower annual worth, the consulting firm should buy the GM model.
(b) The present worth (PW) values for each vehicle can be calculated using the present worth factor for the interest rate of 12% per year:
GM model: $34,652(P/A, 12%, 3) ≈ $94,458
Ford model: $40,287(P/A, 12%, 4) ≈ $109,167
Hence, the PW for the GM model is approximately $94,458, and the PW for the Ford model is approximately $109,167.
The chart shows the pricing history for two items. Which person saved the most money by buying a product at the right time?
Answer:
Marlene, who waited six months to buy a phone
D
Explanation:
Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end of the day. what is the salvage value of its bread?
Answer: $0.60
Price per loaf: $2
Discount given for its bread at the end of the day= 70%
Solution:
Salvage value is the estimated resale value of a product at the end of its useful life. Since the useful life of the loaf is 1 day and it was sold at the end of the day at 70% off, the salvage value is
$2 × (1 - 70%)
$0.60.
The salvage value of the bread from Bakery A at the end of the day, following a 70% discount, is $0.10 per loaf. This is calculated by subtracting the cost to make the bread ($0.50) from the discounted selling price ($0.60).
Explanation:The salvage value of the bread from Bakery A can be calculated by subtracting the cost of production from the discounted selling price. The initial selling price of the bread is $2.00, and the cost to make a loaf is $0.50. However, at the end of the day, Bakery A gives a 70% discount on its bread. So, the discounted selling price is now 30% of the initial price, which is $2.00 * 0.30 = $0.60.
Given that the cost to make the bread is $0.50, the salvage value of the bread is the discounted selling price of $0.60 minus the cost to make the bread which is $0.50. So, the salvage value is $0.60 - $0.50 = $0.10.
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_____ is a sales practice that involves building, maintaining, and enhancing interactions with customers in order to develop long-term satisfaction through mutually beneficial partnerships.
a. price-based selling
b. adaptive selling
c. relationship selling
d. stimulus-response selling
The capital asset pricing model is used to calculate the effect of increase in prices of capital assets due to inflation.
a. True
b. False
A firm that is very concerned about increases in market share should adopt a ______________ pricing objective. (points : 1.92) profit-oriented sales-oriented nonprice competition status quo target return
The fact that participating in an internet auction means that you will need to purchase a computer, learn to use it, and pay for internet access, is an example of ________ costs.
Answer:
Equipment
Explanation:
When establishing a new business, it is important to take into account the cost of equipment. This includes several elements, including the cost of purchasing the equipment itself, as well as the taxes on it, the transportation fees, the insurance that is paid to cover such an item, the assembly, the installation and the maintenance. In short, it includes all the aspects that are considered necessary for the item to work.
American express and discover card are examples of open loop systems.
a. True
b. False
On many advanced routers and switches, you can implement qos through bandwidth management, such as __________, where you control the flow of packets into or out of the network according to the type of packet or other rules quislet
What type of work is growing fastest in the united
states
Answer:
information-related
Explanation:
_____ are responsible for developing operational plans. select one:
a. lower-level managers
b. middle managers
c. board of directors
d. top managers
Cyclical unemployment occurs because a workers skills do not match available jobs
You have the right to complain or request a hazard ___from your employer
You have the right to complain or request a hazard correction from your employer.
Further Explanation:
Right to complain or request a hazard from your employer:
You may demand that your name not be uncovered to your employer. You can document a grumbling on OSHA's site, recorded as a hard copy or by phone, to the closest OSHA territory office. You may likewise call the workplace and talk with an OSHA consistence official about a danger, infringement, or the procedure for recording a protest.
you report a hazard in the working environment:
Intense hazard ought to consistently be accounted for promptly to a director, designated Workplace Health and Safety official or delegate.
Risks in the work environment might be accounted for in various ways:
A verbal report to a chief
Finishing a Hazard Report structure
Raising the issue at a workforce gathering
When you record an OSHA objection:
The objection ought to be recorded at the earliest opportunity in the wake of seeing the danger or absence of consistence since OSHA references may just be issued for infringement that presently exist or existed in the previous a half year. Grumblings from laborers or their delegates are paid attention to by OSHA.
Subject: business
Level: college
Keywords: Right to complain or request a hazard from your employer, you report a hazard in the working environment, When you record an OSHA objection.
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You have the right to complain or request a hazard correction from your employer under OSHA.
Further Explanation:
The full form of OSHA is occupational safety and health administration. It is the organization made in the United States of America for the benefits of the employee. The employer has to follow the OSHA rules and regulations. According to OSHA standards, the company has to put safety measures
The main responsibilities of employers have under OSHA is:
To provide safety training to the employee. To take the safety measures in case of hazardous chemicals. To put check that all the tools, equipment and machines are good in use which may not hurt the employees. To provide the safety belts and costume which is risky to the employee. To provide a hygiene environment. So that no one employee gets a fever and any other health problems. To put check on the tools, equipment and machines should be greased properly. To provide proper training regarding the safety measures To give compensation to an employee who maybe got hurt and may be disabled due to the working in the organization. To provide good working conditions.
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Answer details:
Grade: Middle School
Subject: Human Resource Management
Chapter: OSHA
Keywords:
the right to complain, request, hazard correction, main responsibilities, employers, have under, OSHA, occupational safety and health administration, employees, safety measure, hygiene, environment, working.