Answer:
Utilitarian approach
Explanation:
Isle Co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. Isle exchanged the copy machine for a computer that cost $4,000. Isle's future cash flows are not expected to change significantly as a result of the exchange. What amount of gain or loss should Isle report and at what amount should it record the asset?
Answer:
NONE.
Explanation:
computer 3,000 debit
accumulated depreciation 2,000 debit
copy machine 5,000 credit
Because there is none commercial substance, it will be recorded wit the same book value fo the copy machine.
Gain and losses are only recognize if here is an expected change in the future cash flow. This is not the case.
Roy Gross is considering an investment that pays 7.60 percent. How much will he have to invest today so that the investment will be worth $27,000 in six years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.) Amount to be invested today $
Answer:
He has to invest $16,803.32 so that the investment will be worth $27,000 in six years with a 7.6% interest rate.
Explanation:
Year 6: 27,000
Year 5: 27,000 - (27,000 x 7.6 / 100) = 27,000 - 2,052 = $24,948
Year 4: 24,948 - (24,948 x 7.6 / 100) = 24,948 - 1,896.05 = $23,051.95
Year 3: 23,051.95 - (23,051.95 x 7.6 / 100) = 23,051.95 - 1,751.95 = $21,300
Year 2: 21,300 - (21,300 x 7.6 / 100) = 21,300 - 1,618.80 = $19,681.20
Year 1: 19,681.20 - (19,681.20 x 7.6 / 100) = 19,681.20 - 1,495.77 = $18,185.42
Year 0: 18,185.42 - (18,185.42 x 7.6 / 100) = 18,185.42 - 1,382.10 = $16,803.32
Roy Gross needs to invest $17,625.77 today for his investment to be worth $27,000 in six years at an annual interest rate of 7.60 percent.
Roy Gross is considering an investment that pays 7.60 percent. To determine how much he would need to invest today in order for the investment to be worth $27,000 in six years, the present value formula should be used:
PV = FV / (1 + r)^n
where
PV = Present Value (amount to invest today)FV = Future Value ($27,000)r = annual interest rate (7.60% or 0.076)n = number of years (6)Substituting the values:
PV = $27,000 / (1 + 0.076)^6
PV = $27,000 / (1.076)^6
PV = $27,000 / 1.5326
PV = $17,625.77
Therefore, Roy Gross needs to invest $17,625.77 today for it to grow to $27,000 in six years, assuming a 7.60 percent annual return compounded annually.
In its year 3 income statement, Cere Co. reported income before income taxes of $300,000. Cere estimated that, because of permanent differences, taxable income for year 3 would be $280,000. During year 3 Cere made estimated tax payments of $50,000, which were debited to income tax expense. Cere is subject to a 30% tax rate. What amount should Cere report as income tax expense?
Answer:
$84,000
Explanation:
In this case there will arise deferred tax asset as the book profit is more than taxable profit, now
Tax liability = $300,000 X 30% = $90,000
Though out of which deferred tax asset = ($300,000 - $280,000) X 30% = $6,000
Now tax expense for the year = $280,000 X 30% = $84,000
Therefore, Cere should report a tax expense of $84,000
Even though the liability is of $90,000
Final Answer
$84,000
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the total cost of production when the firm hires 7 workers?
The total cost of production when the firm hires 7 workers is $106.
Explanation:The total cost of production when the firm hires 7 workers can be calculated by adding the fixed costs and the variable costs. In this case, the fixed costs are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4, meaning that the firm produces an additional 4 units of output when it hires the seventh worker.
To calculate the total cost of production when the firm hires 7 workers, we need to consider the total cost of production when it hires 6 workers and add the additional cost of hiring the seventh worker. When the firm hires 6 workers, it produces 90 units of output. So the total cost of production when it hires 6 workers is $6 (fixed costs) + $10 (variable cost per unit of labor) * 6 (number of workers) = $66.
The additional cost of hiring the seventh worker can be calculated by multiplying the variable cost per unit of labor by the marginal product of the seventh worker. So the additional cost of hiring the seventh worker is $10 (variable cost per unit of labor) * 4 (marginal product of the seventh worker) = $40.
Therefore, the total cost of production when the firm hires 7 workers is $66 (total cost of production when it hires 6 workers) + $40 (additional cost of hiring the seventh worker) = $106.
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To calculate the total cost of production when the firm hires 7 workers, we need to determine the variable cost for the seventh unit of labor. Given that the marginal product of the seventh unit of labor is 4, and the variable cost per unit of labor is $10, the total cost of production when the firm hires 7 workers is $286.
Explanation:To calculate the total cost of production when the firm hires 7 workers, we need to determine the variable cost for the seventh unit of labor. Given that the marginal product of the seventh unit of labor is 4, and the variable cost per unit of labor is $10, we can calculate the variable cost for the seventh unit as follows:
Variable Cost for 7th unit = Marginal Product of 7th unit * Variable Cost per unit of labor
Variable Cost for 7th unit = 4 * $10 = $40
The total cost of production when the firm hires 7 workers is the sum of the fixed cost and the variable cost:
Total Cost of Production = Fixed Cost + Variable Cost
Total Cost of Production = $6 + ($40 * 7) = $6 + $280 = $286
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A band is planning to market a CD. The fixed costs are $1470 and the variable costs are $4 per CD. The wholesale price of the CD will be $11. For the artist to make a profit, revenues must be greater than costs. How many CDs, x, must be sold for the band to make a profit?
Answer:
211 CD's must be sold for them to make a profit
Explanation:
Fixed costs and variable costs times x must be set equal to the selling price x in order to find out how many CD's must be sold for a profit.
So :
1470 + 4x = 11x
1470 = 11x - 4x
1470 = 7x
x = 210
∴ 210 Cd's must be sold for them to break even as their revenue will pay for their costs of marketing. This means they have to sell 211 Cd's in order to see a profit.
To make a profit, the band must sell more than 210 CDs.
Explanation:To determine the number of CDs that need to be sold for the band to make a profit, we need to calculate the total cost and total revenue. The fixed costs are $1470 and the variable costs are $4 per CD. The wholesale price of the CD is $11. Let's denote the number of CDs sold as x.
The total cost (TC) is given by the equation TC = fixed cost + (variable cost per CD * number of CDs) = $1470 + ($4 * x) = $1470 + $4x.
The total revenue (TR) is given by the equation TR = price per CD * number of CDs = $11 * x = $11x.
To make a profit, the band's total revenue must be greater than the total cost. Therefore, we can set up the inequality $11x > $1470 + $4x. Simplifying this inequality, we get $7x > $1470. Dividing both sides by 7, we find that x > $210. Therefore, the band must sell more than 210 CDs to make a profit.
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Treasury stock was acquired for cash at a price in excess of its par value. The treasury stock was subsequently reissued for cash at a price in excess of its acquisition price. Assuming that the cost method of accounting for treasury stock transactions is used, what is the effect on retained earnings?
Answer:
null or zero. It has no impact on retained earnings.
Explanation:
The retained earnings account is not used underthe cost method for treasyry stocks.
the entries will be:
treasury stock debit
cash credit
to record the purchase
cash debit
treasury stock credit
additional paid.in TS credit
The retained earnings is not involve in the transactions.
Which of the following statements is likely to be made by an economist who believes in activist monetary policy? (1) The more closely monetary policy can be designed to meet the particulars of a given economic environment, the better. (2) Because of long and uncertain time lags, activist monetary policy may be destabilizing rather than stabilizing. (3) There is sufficient flexibility in wages and prices in modern economies to allow the
Answer:
(1) The more closely monetary policy can be designed to meet the particulars of a given economic environment, the better.
Explanation:
Monetary Policy is the instrument by which the Central Bank conducts the economy. The debate over monetary policy is basically divided into two groups. Monetarists who believe that monetary policy should be used only to maintain price stability - contain inflation. On the other hand, monetary policy activists argue that, in addition to containing inflation, monetary policy is a powerful instrument that can be used to influence the economy in other sectors, for example in stimulating job creation. This would make monetary policy an instrument designed to address particularities of the economic system.
Organic Gardens sells organic vegetable, fruit, and flower seeds and seedlings as well as organic bug and weed killers. They give customers a 90-day unconditional right of return if they are not satisfied with any of the products. On April 6, 2017, a customer purchased $1,500 of products (cost $750). Based on prior experience, Organic Gardens expects returns of 20%. Which of the following would be included in the journal entries to record the sale and cost of goods sold?
A : debit to Cash and a credit to Sales Revenue of $1,500.
B : credit to Cost of Goods Sold and debit to Inventory for $750.
C : credit to Refund Liability of $300 and a credit to Sales Revenue of $1,200.
D : credit to Estimated Inventory Returns of $150.
Answer: the correct answer is A. debit to cash and a credit to Sales Revenue of $1,500
Explanation:
It is debit to cash because the company receives $1,500 for the purchase and it is credit to revenue because it considers the amount of income a business generates with the sale.
The journal entries when making a sale at Organic Gardens include debiting Cash and crediting Sales Revenue, as well as crediting Cost of Goods Sold and debiting Inventory.
The journal entries to record the sale and cost of goods sold in this scenario would include:
A: Debit to Cash and Credit to Sales Revenue of $1,500B: Credit to Cost of Goods Sold and Debit to Inventory for $750C: Credit to Refund Liability of $300 and Credit to Sales Revenue of $1,200Which of the following statements is correct? a. If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit. b. If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit. c. If the monopolist is earning a positive economic profit, it must be producing where MR equals MC. d. When a monopolist produces where price equals the minimum of average total cost, it earns a positive economic profit.
Answer:If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
Explanation:
If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit. In the case of higher MR , the maximum profit will come about at the level of where MR is equal to the MC. So in this case to increase the profit, MR i,e, also the price can be lower to the level of MC to sell more commodity and earn higher profits.
Which nims structure makes cooperative multi-agency decisions?
Answer:
The correct answer to the following question will be "MAC groups".
Explanation:
MAC Teams are mandate-setting bodies usually composed of or appointed by the Agency's administrators/executives. Underneath the NIMS (National Incident Management System), either the EOC or the MAC Team has any immediate incident control presence and will sometimes be situated some way from the site of the incident.Therefore, MAC groups are the right answer.
In the National Incident Management System (NIMS), the Unified Command structure facilitates cooperative multi-agency decisions, allowing different agencies to coordinate and plan effectively while maintaining their unique responsibilities.
Explanation:In the National Incident Management System (NIMS), the structure that facilitates cooperative multi-agency decisions is the Unified Command. This approach enables institutions and agencies with different legal and functional responsibilities to effectively coordinate, plan, and interact. An example could be a disaster scenario where multiple agencies such as the fire department, police, and health services need to work together. In such a situation, the Unified Command system allows these different entities to make cooperative decisions without losing their individual agency authority, responsibility, or accountability.
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The Home Laughlin China Company of West Virginia manufactures Fiesta China in a variety of colors. The factory has a store where they feature Fiesta products that are discounted or discontinued. Patrons come in to the shop with crates expecting to purchase the Fiesta products in large quantities. This type of store can be considered as a(n): A. LIfestyle center. B. Mixed-use development. C. Outlet store. D. Regional center. E. Festival center.
Answer:
The correct answer is option C.
Explanation:
An outlet store can be described as a store directly owned and operated by manufacturers who provide their products to the public often at discounted prices.
Here, in the given example, The Home Laughlin China Company of West Virginia produces Fiesta China and sells directly to the public in their store.
So, it is an example of an outlet store.
Outlet stores offer discounted or discontinued products at lower prices, attracting customers looking for deals on bulk purchases.
Outlet stores are establishments that offer discounted or discontinued products from manufacturers. A notable characteristic of outlet stores is the lower pricing compared to stores located in major metropolitan areas, catering to customers expecting deals on bulk purchases.
(03.03 MC) You just saw a billboard that states “85% of doctors use our product!” What technique has the advertising company used to persuade you to get the product?
(A) Bandwagon
(B) Plain folks
(C) Scientific evidence
(D) Testimonials
Answer: the correct answer is C. scientific evidence.
Explanation:
In this particular case, the company uses scientific evidence that smart consumers have to corroborate. Consumers might infer that the product is good and buy it.
Bramble Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $370,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,664. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $956 instead of a credit balance of $2,664, prepare the adjusting journal entry for bad debt expense.
Answer:
(a)
Bad debt expense debit 4,740
Allowance for doubtful accounts credit 4,740
(b)
Bad debt expense debit 8,360
Allowance for doubtful accounts credit 8,360
Explanation:
AR = 370,200
Allowance 2% of AR = 7,404
Current balance 2,664
Adjusment 4,740
if Current Balance 956 DEBIT
Then 7,404 + 956 = 8,360
We are adding because the allowance is a counter asst account, his normal balance is credit, so we have to credit for 956 to zero-out the balance and then another 7,404 credit to get the correct balance so total oof 8,360
To record bad debt expense using the percentage-of-receivables basis, multiply the accounts receivable by the estimated percentage of uncollectible accounts. The adjusting journal entry for bad debt expense is $7,404. If the allowance for doubtful accounts has a debit balance, the entry is $2,708.
Explanation:The adjusting journal entry to record bad debt expense for the year can be calculated by multiplying the accounts receivable by the estimated percentage of uncollectible accounts. In this case, the bad debt expense is calculated as $370,200 * 2% = $7,404. The journal entry to record this expense is:
Bad Debt Expense 7,404
Allowance for Doubtful Accounts 7,404
If the allowance for doubtful accounts had a debit balance of $956 instead of a credit balance of $2,664, the adjusting journal entry for bad debt expense would differ. The debit balance indicates an overestimate, so the entry should be:
Bad Debt Expense 2,708
Allowance for Doubtful Accounts 2,708
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What element do the potential solutions of raising the retirement age, increasing payroll taxes, and reducing benefit payments all share?A.Each one would completely solve the Social Security problem. B.Each one would require someone to give up money and/or benefits.C.Each one would be protested by people who are already retired. D.Each one would force citizens to wait longer to collect benefits.
Answer:
B.Each one would require someone to give up money and/or benefits.
Answer:
B.Each one would require someone to give up money and/or benefits.
Explanation:
Raising the retirement age would cause people to lose some benefit as they will be getting their money a few years later and they will have to work for more time.
Increasing payroll taxes would make people to have more money deducted from their salaries which means that they would be receiving less money for the same job.
Reducing benefit payments would make people with different types of needs to receive less money and have fewer resources to get the things they require.
According to this, the answer is that the element that the potential solutions all share is that each one require someone to give up money and/or benefits.
A company has an operating income of $100 million, depreciation of $15 million, an asset sale of $50 million, a capital expenditure of $10 million, and an increase in net working capital of $10 million. Calculate this company’s free cash flow for the year.
Answer:
145 millons free cash flow for the year
Explanation:
100 operating income
+ 15 depreciation (this expense do not involve cash, so they add up cash)
+50 long term asset sales (more cash in form of currency)
-10 capital expenditure (cash used purchase, mantaing or improve their assets)
-10 investment in working capital (we use it to adquire assets or pay liabilities)
-----
145 millons free cash flow for the year
Joshua, a manager, instructed his subordinate, Leona, to mobilize their team and prepare a report on how the office could be made more environment-friendly. Leona misunderstood Joshua and explained to her team members that their manager wanted them to minimize the usage of office resources. In this context, why would it have been better for Joshua to communicate to Leona through an e-mail instead of instructing her orally?
Answer:
The email message can be read again for further reference by Leona.
Explanation:
The oral communication tends to he an effective way to give a message, however sometimes it can present difficulties. The oral communication can be misunderstood when there are phonetic expressions or physical expressions that might confuse to the person who receives the message.
The email or written communication is a more formal way to give a message, the person who receives the message can read it multiple times avoiding mistakes, furthermore, when there is a written message the person who wrote it selected the word and refine the information making it clear and easy to read.
Instructing Leona through an e-mail would have provided clear documentation, reduced the risk of miscommunication, and ensured that all team members had access to the same information. Emails are a critical part of business communication, serving as a reliable reference for detailed instructions and expectations.
Joshua's decision to instruct Leona orally led to a misunderstanding, which could have been avoided with written communication such as an e-mail. E-mails serve as a clear record of instructions and can reduce the miscommunication that often occurs with oral instruction. This is particularly important when a task involves complex details or nuances that may be lost or misinterpreted in speech. Additionally, Leona and her team members could refer back to the e-mail to ensure they understood and fulfilled the instructions correctly. An e-mail would also allow Joshua to outline specific expectations or strategies for making the office more environment-friendly, which is different from simply minimizing resource usage.
Written communication ensures that there is clear documentation that can be referenced later, minimizes the potential for misunderstanding, and can be shared easily among team members to ensure everyone has the same information. This is consistent with business best practices, which recommend establishing a clear structure within project teams and require clear and unambiguous communication to prevent management nightmares and misinterpretations.
A practitioner is engaged to prepare a client's federal income tax return for 2017 and 2018. The practitioner files the 2017 return on the client's behalf and provided copies of the 2017 return and all related documents to the client. After the 2018 return is prepared, the client disputes the fees for the 2018 tax engagement, terminates the relationship, and requests all tax returns and related records. The client has not yet paid for preparation of the 2018 return. Under IRS Circular 230, which records must the practitioner return to the client?
A.) Notes the practitioner took when meeting with the client about the 2017 and 2018 tax returns.
B.) The engagement letter executed by the client for preparation of the 2018 federal income tax return.
C.) An appraisal the practitioner prepared in connection with the 2017 federal income tax return.
D.) Schedules the practitioner prepared, which the client needs to file in its 2018 federal income tax return.
Under IRS Circular 230, an appraisal the practitioner prepared in connection with the 2017 federal income tax return. hence, Option C is the correct statement.
What is IRS Circular 230?A publication that gives guidance on working towards before the IRS is Circular 230.
Examples of exercises earlier than the IRS include Corresponding and speaking with the IRS on behalf of a taxpayer. Representing a taxpayer at conferences, hearings, or conferences with the IRS.
Hence, Under IRS Circular 230, an appraisal the practitioner prepared in connection with the 2017 federal income tax return must be returned to the client. hence, Option C is the correct statement.
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Diversification a. increases the likely fluctuation in a portfolio’s return. Thus, the likely standard deviation of the portfolio’s return is higher. b. reduces the likely fluctuation in a portfolio’s return. Thus, the likely standard deviation of the portfolio’s return is higher. c. reduces the likely fluctuation in a portfolio’s return. Thus, the likely standard deviation of the portfolio’s return is lower. d. increases the likely fluctuation in a portfolio’s return. Thus, the likely standard deviation of the portfolio’s return is lower.
Answer:
The correct answer is option C.
Explanation:
Portfolio diversification can be defined as the process of spreading investment to a number of assets in order to reduce risk.
Higher risk is associated with higher return. In the process of diversification we invest on various assets, because investing on a single assets creates higher risk of loss.
Portfolio standard deviation measures overall portfolio's risk.
Diversification reduces fluctuation in the overall portfolio's return. The standard deviation of portfolio's return is also lower.
On December 12, year 1, Imp Co. entered into three forward exchange contracts, each to purchase 100,000 euros in ninety days. The relevant exchange rates are as follows: Spot rate Forward rate (for March 12, year 2) November 30, year 1 $.87 $.89 December 12, year 1 $.88 .90 December 31, year 1 $.92 .93 At December 31, year 1, what amount of foreign currency transaction loss should Imp include in income from the revaluation of the Accounts Payable of 100,000 euros incurred as a result of the purchase of inventory at November 30, year 1, payable in March year 2?
Answer:
40.000
Explanation:
I think your approach is not clear at all, but your question is.
So if you have bought merchandise worth 100,000 euros but your records are in other currencies, you must take the exchange rate at the time of the operation, this is $ 0.89. You will register
Inventorty 890.0000
accounts paylable 890,000
At the close of the fiscal year your liabilities must be valued at the official exchange rate, in this case it is $ 0.93
then your foreign currency debt increases, but not your inventory, the other account that is used is a negative result for this rate change
loss exchange rate 40,000
accounts paylable 40.000
in the valuation of liabilities the seller exchange rate is used
Imp Co. should report a foreign currency transaction loss of $3,000 in income, which is the difference between the spot rate at the end of the year ($0.92 per euro) and the forward rate at which the payable was established ($0.89 per euro) for the 100,000 euros payable.
On November 30, year 1, the Accounts Payable was established at a forward rate of $0.89 to purchase 100,000 euros. By December 31, year 1, the spot rate increased to $0.92. This indicates the U.S. dollar has weakened against the euro, resulting in a loss,
Imp Co. would have locked in the price of 100,000 euros at $0.89 each, which would cost them $89,000. On December 31, year 1, that same amount of euros at the spot rate would cost $92,000. Hence, the transaction loss would be the difference between the two amounts:
Transaction Loss = (Spot Rate on December 31, year 1 - Forward Rate on November 30, year 1) x Amount of Euros
Transaction Loss = ($0.92 - $0.89) x 100,000
Transaction Loss = $0.03 x 100,000
Transaction Loss = $3,000
Thus, Imp Co. should include a transaction loss of $3,000 in income due to the revaluation of the Accounts Payable for the purchase of inventory payable in euros.
Hazel purchased a new business asset (five-year asset) on September 30, 2018, at a cost of $100,000. On October 4, 2018, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2018. Hazel did not elect § 179 or additional first-year depreciation. On August 20, 2019, Hazel sold the asset. Determine the cost recovery for 2019 for the asset.
Answer:
the cost of recovery for 2019 would be $23,750.
Explanation:
hazel purchased this asset on September 30, 2018 and placed the asset in service on October 4, 2018, so here mid quarter convention is gonna be used.
The percentage of MACRS rate as per mid quarter convention is 38% for the last quarter , so the cost of recovery for deduction can be calculated as -
= $100,000 x 38% x 2.5/4
= $100,000 x 38/100 x 2.5/4
= $23,750
Therefore cost of recovery deduction for hazel would be $23,750.
In the open-economy macroeconomic model, other things the same, which of the following combinations make the exchange rate fall?
a. U.S. investment demand falls and foreign demand for U.S. goods falls
b. U.S. investment demand falls and foreign demand for U.S. goods rises
c. U.S. investment demand rises and foreign demand for U.S. goods falls
d. U.S. investment demand rises and foreign demand for U.S. goods rises
Answer:
The correct answer is option A.
Explanation:
When there is an decline in the investment demand less money will be demanded domestically in U.S.
When people from foreign nations buy goods from U.S, they pay in dollars. So, in order to pay they demand U.S dollars. A fall in the demand for U.S goods in the international market will further lead to a decline in the demand for U.S dollars by the foreign consumers.
A decline in the demand for currency will lead to fall in the exchange rate.
What are the four types of buy (i.e., segments) that are described by the purchasing portfolio matrix? a. Generic, leverage, special, constant b. Smart, leverage, special, valuable c. Easy, hard, simple, complex d. Routine, leverage, bottleneck, strategic e. None of the above
Answer: the correct answer is d.
Explanation: Krajic matrix is a method created by Peter Krajic in 1983. It includes leverage Items, Strategic Items, Non-Critical (Routine) Items and Bottleneck Items
The four types of buy (i.e., segments) that are described by the purchasing portfolio matrix are d. Routine, leverage, bottleneck, strategic.
What is Purchasing Portfolio Matrix?This refers to the method of classifying the purchasing portfolio to have a procurement strategy for a company.
Hence, we can note that when making use of the Kraljic matrix to show that there are different types of buys that can be used and they are Routine, leverage, bottleneck, and strategic buys.
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Karen is designing a process for issuing checks and decides that one group of users will have the authority to create new payees in the system while a separate group of users will have the authority to issue checks to those payees. The intent of this control is to prevent fraud. Which principle is Karen enforcing
Answer:Principle enforced by Karen is known as the segregation of responsibilities.
Explanation:
The intent this of control is to prevent fraud. If a primary activity is performed by all the individuals, then there are large possibilities of confidential information getting leaking which could further lead to a lose of the administration.
If an activity is distributed into multiple tasks which are further performed by different group of individual, then the task will be performed more expeditiously.
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule. True or false?
Answer:
The given statement is True. Staff level briefings are conducted by the supervisors to introduce co workers, clarify tasks, define the scope of work, describe sources of work supplies and present the work schedule.
Explanation:
Staff level briefings are the meetings in which employees in the company are given briefings about different things by the supervisor. Higher level management is not present in such briefing sessions. Briefings are conducted to make employees comfortable with each other, to know each other, to have a clarity about the work and tasks, and the scope of their work, and to have a know how about the work schedules. Supervisor tells all such things to the staff in the briefing sessions.
Staff-level briefings do indeed serve to introduce new co-workers, define tasks, outline the scope of work, share sources of supplies, and distribute work schedules. They are important for maintaining open communication and effective operation in a workplace.
Explanation:The statement posed in your question is true. Staff-level briefings are routine meetings held by the supervisor or management to communicate important information about the workplace to their staff. These briefings may be used to introduce new co-workers, define tasks or the scope of a project, share sources of work supplies, and to distribute the work schedule. The goal of these meetings is to ensure everyone is on the same page and working effectively together, and to provide a forum for questions and clarification.
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1. Which type of business proposal or report is most likely to capture the attention of your manager? Explain your choice using information from this reading week's material.
Explanation:
A business proposal is a written document in which the offers and proposed plans given to the clients are listed. This proposal or report is got checked by the manager before sending to the client. Even if the simple report has to be presented to the manager, it must have some points that capture the attention of your manager. The proposal or report must cover every aspect which is being discussed.
- The writing of the proposal or report must be persuasive.
- It should be precise.
- The tone of the proposal must be professional.
- Important points should be marked bold or italic.
- Paragraphing should be used.
- Bullets, lists and Tables should be used where needed.
- The document should have a visual appeal.
All such things will make the document appealing and will capture the attention of your manager.
Bob N. Zing, the Director of Human Resources at CAP Co, Inc., has to write an internal message to announce impending layoffs across the company. Rather than addressing the layoffs directly, Bob decides to refer to them as restructuring operations and eliminating redundancies. In this case, these euphemisms
A) reflect the standards of ethical information.B) convey the "you attitude" for delivering bad news.C) help employees understand the gravity of the situation.D) fail to meet the "you" attitude test and ethical information standards.E) place an emotional burden on the reader.
Answer: In this case, these euphemisms fail to meet the "you" attitude test and ethical information standards.
Explanation: Here rather than addressing the layoffs directly, Bob decides to refer to them as restructuring operations and eliminating redundancies.
∴ This expression in rudimentary terms refer to the where one fail to meet the "you" attitude test and ethical information standards.
The euphemisms used by Bob N. Zing, the HR Director at CAP Co, to describe impending layoffs, such as 'restructuring operations' and 'eliminating redundancies', fail to meet ethical standards and the 'you attitude' for communication. This kind of unclear message can create confusion and may add to the emotional burden of the employees.
Explanation:In this case, Bob N. Zing's decision to use euphemisms like 'restructuring operations' and 'eliminating redundancies' to describe layoffs does not meet the standards of ethical information or the 'you attitude' test. The communication is not direct, clear, or upfront, which can be misleading and confusing for the employees. The 'you attitude' emphasizes the needs and interests of the reader, which in this situation should be providing certainty and clarity. Instead, this message may actually place an emotional burden on the reader by causing worry and fear due to its vagueness and indirectness.
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Suppose that efficiency wages become more common in the economy. Imposing efficiency wages a. increases the quantity demanded and decreases the quantity supplied of labor. b. decreases the quantity demanded and increases the quantity supplied of labor. c. increases the quantity demanded and decreases the quantity supplied of labor. d. decreases the quantity demanded and increases the quantity supplied of labor.
Answer:
b. decreases the quantity demanded and increases the quantity supplied of labor.
Explanation:
The efficiency wage theory suggests that some firms tend to make improvements in their processes when they pay their workers above the market wage. This is because these workers are more satisfied, less stressed and tend to devote less. In addition, the turnover trend between jobs also decreases. Thus, the firm increases its productivity, decreasing the required labor demand. Regarding the supply of labor, naturally there will be greater supply as wages are higher.
This scenario aligns with option b. decreases the quantity demanded and increases the quantity supplied of labor. Employers demand less labor because the higher wage increases the cost of hiring workers. Conversely, the higher wages attract more individuals to the labor market, willing to offer their labor, thus increasing the supply.
When efficiency wages become more common in the economy, they create a situation where wages are above the market-clearing level. An efficiency wage is an elevated wage that firms voluntarily pay to motivate better performance and reduce turnover. Since these wages are higher than the current market wage, they lead to an increase in the quantity of labor supplied as more individuals are willing to work for higher wages (income effect). On the other hand, the quantity of labor demanded by firms decreases because it costs more to hire each worker (substitution effect).
The Operations Section Chief: A. Sets up and maintains all incident facilities and food services. B. Coordinates communication between all responding agencies. C. Develops and implements strategies and tactics to achieve the incident objectives. D. Prepares and implements the Incident Communication Plan.
Answer:
Develops and implements strategies and tactics to achieve the incident objectives ( C )
Explanation:
An operation section chief is the head of the operations department in a company and his primary goals is to develop and implement strategies and tactics to achieve the incident objectives of the company. because the operations department is all about organizing and direction of action plans towards an incident.
coordination of communication between all responding agencies is not the duty of the operations section of the organization. the operations sets up/supervises incident facilities but not food services. this is done by the welfare section which duty is to cater for staffs well being in the company.
The Operations Section Chief is responsible for incident facilities, food services, and coordinating communication between responding agencies.
Explanation:The Operations Section Chief is responsible for setting up and maintaining all incident facilities and food services. This includes establishing Command Centers and base camps and ensuring that there are adequate food resources for responders.
Coordination of communication between all responding agencies is the responsibility of the Communications Unit Leader, who reports to the Operations Section Chief.
The development and implementation of strategies and tactics to achieve the incident objectives falls under the responsibility of the Planning Section Chief.
Preparing and implementing the Incident Communication Plan is the responsibility of the Communication Unit Leader, who also reports to the Operations Section Chief.
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When the dollar depreciates, U.S. a. net exports fall, which increases the aggregate quantity of goods and services demanded. b. net exports fall, which decreases the aggregate quantity of goods and services demanded. c. net exports rise, which increases the aggregate quantity of goods and services demanded. d. net exports rise, which decreases the aggregate quantity of goods and services demanded.
Answer:
The correct option here is c) the net export will rise and the aggregate quantity of goods and services demanded would also increase.
Explanation:
When the value of dollar currency depreciates, the net export of US would rise because due to depreciation of the currency , the goods that are produced in US have now become cheaper and because of this the total aggregate demand of the goods and services produced in US has increased and thus all of this would lead to increase in export and decrease in import.
Depreciation of the dollar leads to an increase in U.S. net exports, and consequently an increase in the aggregate quantity of goods and services demanded. This happens because lower value of dollar encourages more foreign purchases of U.S goods.
Explanation:When the dollar depreciates, the correct answer is option C: U.S. net exports rise, which increases the aggregate quantity of goods and services demanded. This is because the relative cost of U.S goods and services will decrease for foreign consumers, which encourages selling more to foreign markets (leading to a rise in net exports). An increase in demand for these goods and services raises the overall demand in the aggregate economy. Conversely, a rise in the value of the dollar would make U.S goods more expensive for foreign consumers, potentially leading to a decrease in net exports and a decrease in the aggregate demand.
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Wesley and Jonathan have just been informed that the corporation they work for has been bought, their jobs have been eliminated, and they are both laid off. Jonathan immediately begins to work on his resume, while Wesley heads for the nearest bar. Jonathan's coping style can be described as _________________, but Wesley's coping style can be described as ______________.
Answer:
Jonathan's coping style can be described as problem focused , while Wesley's coping style can be described as escape avoidance.
Explanation:
Jonathan is using problem focused coping strategy , he is trying to head on solve the problem he is facing and trying to run away from his problems. He is working on his resume ,shows he is ready to take on the challenge , would try to give his best get employed by the new company who has bought his old company.
On the other hand Wesley is trying not to face his problem, he is running away from the situation which is making him uncomfortable. That is why going to the bar shows that he is trying to avoid problem rather than just facing it.