Find Me Incorporated, (FI) has developed a coin-sized tracking tag that attaches to key rings, wallets, and other items and can be prompted to emit a signal using a smartphone app. Fl sells these tags, as well as water-resistant cases for the tags, with terms FOB shipping point. Assume FI has no inventory at the beginning of the month, and it has outsourced the production of its tags and cases. Fl uses FIFO and has entered into the following transactions: January 2 FI purchased and received 350 tags from Xioasi Manufacturing (XM) at a cost of $10 per tag, n/15. January 4 FI purchased and received 150 cases from Bachittar Products (BP) at a cost of $3 per case, n/20. January 6 PI paid cash for the tags purchased from XM on January 2. January 8 FI mailed 250 tags via the U.S. Postal Service (USPS) to customers at a price of $28 per tag, on account. January 11 FI purchased and received 450 tags from XM at a cost of $13 per tag, n/15. January 14 FI purchased and received 250 cases from BP at a cost of $4 per case, n/20. January 16 FI paid cash for the cases purchased from BP on January 4. January 19 PI January 21 PI mailed 210 cases via the USPS to customers at a price of $10 per case, on account. mailed 350 tags to customers at a price of $28 per tag, on account. Required: Required: 1. Prepare journal entries for each of the above dates, assuming Fl uses a perpetual inventory system
Answers
To prepare the journal entries for each transaction, assuming FI uses a perpetual inventory system, we need to record the purchases, sales, and relevant payment or accounts receivable entries. Here are the journal entries for each date:
January 2:
Debit Inventory (Tags) $3,500 (350 tags × $10/tag)
Credit Accounts Payable (XM) $3,500
January 4:
Debit Inventory (Cases) $450 (150 cases × $3/case)
Credit Accounts Payable (BP) $450
January 6:
Debit Accounts Payable (XM) $3,500
Credit Cash $3,500
January 8:
Debit Accounts Receivable $7,000 (250 tags × $28/tag)
Credit Sales Revenue $7,000
January 11:
Debit Inventory (Tags) $5,850 (450 tags × $13/tag)
Credit Accounts Payable (XM) $5,850
January 14:
Debit Inventory (Cases) $1,000 (250 cases × $4/case)
Credit Accounts Payable (BP) $1,000
January 16:
Debit Accounts Payable (BP) $450
Credit Cash $450
January 19:
No transaction recorded.
January 21:
Debit Accounts Receivable $2,100 (210 cases × $10/case)
Credit Sales Revenue $2,100
To summarize the inventory balances after each transaction:
January 2:
Inventory (Tags) $3,500
Inventory (Cases) $450
January 4:
Inventory (Tags) $3,500
Inventory (Cases) $900 (Initial + Purchased 150 cases)
January 8:
Inventory (Tags) $3,500 - 250 tags (sold)
Inventory (Cases) $900
January 11:
Inventory (Tags) $9,850 (Initial + Purchased 450 tags)
Inventory (Cases) $900
January 14:
Inventory (Tags) $9,850
Inventory (Cases) $2,150 (Initial + Purchased 250 cases)
January 21:
Inventory (Tags) $9,850 - 350 tags (sold)
Inventory (Cases) $2,150 - 210 cases (sold)
Note: No specific information is provided for payment dates or accounts receivable collection dates, so it's assumed that the payment or collection occurs at a later date.
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Related Questions
the diameter of 3.5 inch diskettes is normally distributed. periodically, quality control inspectors at dallas diskettes randomly select a sample of 16 diskettes. if the mean diameter of the diskettes is too large or too small the diskette punch is shut down for adjustment; otherwise, the punching process continues. the last sample showed a mean and standard deviation of 3.45 and 0.08 inches, respectively. using a 5% significance level, the appropriate decision is . group of answer choices do not reject the null hypothesis and do not shut down the punch do not reject the null hypothesis and shut down the punch reject the null hypothesis and shut down the punch reject the null hypothesis and do not shut down the punch
Answers
The z-score is 2.5, which is outside the critical value range of ±2.576, we reject the null hypothesis. Therefore, the appropriate decision is to reject the null hypothesis and shut down the punch. Thus, option C is correct.
To determine the appropriate decision, we need to conduct a hypothesis test. Let's set up the null and alternative hypotheses:
Null hypothesis (H0): The mean diameter of the diskettes is within the acceptable range.
Alternative hypothesis (H1): The mean diameter of the diskettes is either too large or too small.
Since we have a sample size of 16 diskettes and know the population standard deviation, we can use a z-test. The test statistic (z-score) is calculated as:
\(z = (\bar{X} - \mu) / (\sigma / \sqrt{n} )\)
where μ is the hypothesized population mean.
Let's assume the acceptable range for the mean diameter is 3.5 inches, based on the given information. Thus, our null hypothesis is:
H0: μ = 3.5
To determine the appropriate decision, we will compare the calculated z-score to the critical value based on the significance level (α) of 0.01. If the calculated z-score falls outside the critical value range, we will reject the null hypothesis.
The critical value for a two-tailed test with α = 0.01 is ±2.576 (obtained from the z-table or using a statistical software).
Now, let's calculate the z-score:
z = (3.55 - 3.5) / (0.08 / √16)
z = 0.05 / (0.08 / 4)
z = 0.05 / 0.02
z = 2.5
Since the calculated z-score (2.5) falls outside the critical value range of ±2.576, we reject the null hypothesis. Therefore, the appropriate decision is to reject the null hypothesis and shut down the punch. Thus, option C is correct.
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The independent auditor's opinion covers, at a minimum:
a. Financial section of the CAFR
b. Primary government.
c. CAFR
d. Basic financial statements
Answers
The independent auditor's opinion covers, at a minimum, the "CAFR" (Comprehensive Annual Financial Report) and the "basic financial statements."
The CAFR is a report that includes financial information and analysis for a state or local government, including the primary government and any component units.
The basic financial statements are a part of the CAFR and include the government-wide financial statements, fund financial statements, and notes to the financial statements.
The auditor's opinion is typically included at the beginning of the CAFR and indicates whether the financial statements have been audited and whether they present fairly, in all material respects, the financial position and results of operations of the government.
Therefore, options a, b, and d are incorrect because they do not cover the complete scope of the independent auditor's opinion.
Option c, "CAFR," is the correct answer as it covers the entire report that includes the basic financial statements and provides a comprehensive overview of the financial position of the government entity.
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true or false: before the stock market crash of 1929, the stock market had been experiencing what is known as a bear market.
Answers
Prior to the catastrophe, which destroyed both corporate and personal wealth, the stock market reached its peak on September 3, 1929, when the Dow reached 381.17.
What took place in the 1929 stock market crash?16 million share trading day on the New York Stock Exchange on October 29, 1929, is known as "Black Tuesday" because it devastated Wall Street. Several investors lost all of their money after losing billions. Several equities had no buyers at any price as the panic selling reached its peak.
What did people call the 1929 stock market crash?During October 1929. The Dow Jones Industrial Average decreased by over % on Black Monday, which fell on October 28, 1929. On how to react to the situation and maintain the financial system, the Federal Reserve's executives disagreed.
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A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in June, and the company desires to have 120,000 units on hand on June 30. The budgeted cost of goods manufactured for June would be
________________
18. A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:
Wages Expense $150,000
Purchase of office equipment 72,000
Selling and Administrative Expenses 48,000
Depreciation Expense 36,000
The budgeted cash disbursements for August are
Answers
Budgeted cost of goods manufactured for June = (Beginning inventory + Production - Ending inventory) x Cost per unit
= (80,000 + 300,000 - 120,000) x $30
= $9,000,000
Budgeted cash disbursements for August:
Direct materials purchases:
July purchases: $300,000 x 70% = $210,000 (to be paid in August)
August purchases: $480,000 x 70% = $336,000 (to be paid in August)
Office equipment purchase: $72,000 (to be paid in August)
Total cash disbursements = $210,000 + $336,000 + $72,000 + $150,000 + $48,000 + $36,000 = $852,000
For the first question, the budgeted cost of goods manufactured can be calculated using the formula (Beginning inventory + Production - Ending inventory) x Cost per unit. By plugging in the given numbers, we can calculate that the budgeted cost of goods manufactured for June is $9,000,000.
For the second question, we need to calculate the cash disbursements for August. We are given the direct materials purchases for July and August, and we know that 70% of the purchases are paid in the same month, while 30% are paid in the next month.
We are also given other expenses that need to be paid in August. By adding up all these amounts, we can calculate that the budgeted cash disbursements for August are $852,000.
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All of the following are characteristics of a good screen test except?a. Should be comprehensive b. Users do not participate at this preliminary stage c. Every statement should be executed d. Expected output from the module's execution should be determined manually
Answers
Option -B : Users do not participate at this preliminary stage are except characteristics of a good screen test .
A quality screen test should be thorough, which means it should cover every significant component of the programme module under evaluation. In order to completely test the code and find any faults or problems, it should also make sure that every statement is run. The expected output from the module's execution should be established, either automatically or manually, in order to analyse and compare the test results to the anticipated results.
User involvement is a crucial component of software testing and need to be integrated as early as feasible in the development cycle.
Participating users in testing may offer insightful feedback and aid in finding any problems that can negatively affect the user experience.
Participating users in testing can also assist to increase trust .
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Round all answers to the nearest cent.
The revenue from the sale of a high-end cameras is given by:
R(x)= 1000 x 5x^2
a. What is the average change in revenue if production is changed from x = 14 to x = 17? b. What is the instantaneous rate of change in revenue at x = 14?
Answers
Solution: a) 155000
b) 140000
the revenue function R(x) = 1000 * 5x^2, we need to find:
a) The average change in revenue if production is changed from x = 14 to x = 17.
b) The instantaneous rate of change in revenue at x = 14.
a) To find the average change in revenue, first calculate the revenue at x = 14 and x = 17:
R(14) = 1000 * 5(14)^2 = 1000 * 5 * 196 = 980000
R(17) = 1000 * 5(17)^2 = 1000 * 5 * 289 = 1445000
Now, find the difference in revenue and divide it by the change in production units (17 - 14 = 3):
Average change in revenue = (R(17) - R(14)) / (17 - 14) = (1445000 - 980000) / 3 = 465000 / 3 = 155000
b) To find the instantaneous rate of change, we need to find the derivative of R(x) with respect to x:
dR(x)/dx = d(1000 * 5x^2)/dx = 1000 * 10x
Now, evaluate the derivative at x = 14:
dR(14)/dx = 1000 * 10 * 14 = 140000
So, the answers are:
a) The average change in revenue if production is changed from x = 14 to x = 17 is $155,000.
b) The instantaneous rate of change in revenue at x = 14 is $140,000.
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Which of the following is a lasting impact resulting from 20th-century banking reforms in the United States
Answers
The lasting impact resulting from 20th-century banking reforms in the United States is "the reforms approved the Board to determine reserve requirements and interest rates for deposits at member bank."
The banking reforms made in the 20th century in the United States are many, and many of these reforms are still applicable today.
Some of the lasting effects of these reforms include the following:
The Board of Governors to determine the monetary policy.
The reforms established the Federal Deposit Insurance Corporation.
The reforms also separate commercial banks from investment banks.
Hence, in this case, it is concluded that the many banking reforms made in the 20th century still exist today.
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Answer: Depositer funds are insured against potential loss in the event of a bank failure.
Explanation:
The FDIC enacted the Banking Act of 1935 which persists to today. This act protects depositors from possibility of financial loss. Your funds are legally guaranteed and protected by the government. This insurance protects the likelihood of a bank run, because most depositor funds will not be lost due to the insolvency of any individual firm; it is a fixture of the modern banking system.
Consider the market for new homes. Ceteris paribus, which event will cause consumer surplus to increase, assuming the market sells at the equilibrium prices? Burdened with student loan debt, many millennials delay marriage, children, and buying homes. Tariffs on lumber from Canada increase construction costs. A new tax law decreases the amount that homeowners can deduct on their mortgages. Low mortgage interest rates provide an incentive for potential homeowners to buy now,
Answers
Low mortgage interest rates provide an incentive for potential homeowners to buy now. Assuming this event will increase consumer surplus, the market sells at the equilibrium price. Here option D is the correct answer.
Option A, burdened with student loan debt, many millennials delay marriage, having children, and buying homes, which will likely shift the demand curve to the left, decreasing the equilibrium price and quantity of homes sold in the market. This event will decrease both consumer surplus and producer surplus.
Option B, tariffs on lumber from Canada increase construction costs, will likely shift the supply curve to the left, increasing the equilibrium price and decreasing the number of homes sold in the market. This event will decrease both consumer surplus and producer surplus.
Option C, a new tax law that decreases the amount that homeowners can deduct from their mortgages, may shift the demand curve to the left, decreasing the equilibrium price and quantity of homes sold in the market. This event will decrease both consumer surplus and producer surplus.
Option D, low mortgage interest rates provide an incentive for potential homeowners to buy now, which will likely shift the demand curve to the right, increasing the equilibrium price and quantity of homes sold in the market. This event will increase both consumer surplus and producer surplus, as more buyers can afford to purchase homes at a lower cost of financing.
Complete question:
Consider the market for new homes. Ceteris paribus, which event will cause consumer surplus to increase, assuming the market sells at the equilibrium prices?
A - Burdened with student loan debt, many millennials delay marriage, having children, and buying homes.
B - Tariffs on lumber from Canada increase construction costs.
C - A new tax law decreases the amount that homeowners can deduct from their mortgages.
D - Low mortgage interest rates provide an incentive for potential homeowners to buy now.
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answers
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
Which of the following beliefs would not preclude charting as a method of portfolio management?
A. The market is strong form efficient.
B. The market is semi-strong form efficient.
C. The market is weak form efficient.
D. Stock prices follow recurring patterns.
Answers
The belief that stock prices follow recurring patterns would not preclude charting as a method of portfolio management. Therefore, option D is correct.
The belief that stock prices follow recurring patterns would not preclude charting as a method of portfolio management. Charting, also known as technical analysis, is a method of analyzing past market data, particularly price, and volume, to identify patterns and make investment decisions.
The other beliefs listed, however, could potentially preclude the use of charting as a portfolio management method. If one believes that the market is strong form efficient, they would believe that all information, including historical prices and patterns, is already reflected in stock prices and therefore there is no advantage to be gained from charting.
Similarly, if one believes that the market is semi-strong form efficient, they would believe that public information such as past prices and patterns are already reflected in stock prices, although non-public information could still be used for analysis. This could make charting less useful in identifying profitable trades.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Question 6 of 20
What is outsourcing?
A. Keeping trade secrets from competing organizations
B. Hiring workers outside the company to work on a temporary basis
C. Maintaining a balance between work life and personal life
O D. Sending instructions to a computer in another location
Answers
Explanation:
“Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another”
Why are people engaged in business?? Write in points
(Note:Please don't give me silly answer)
Answers
Answer:
they are able to set their own hours and policies.
Establish prices.
Mall Critical decisions on how to operate the company.
Some people don't want to work for a boss. Others have an innovative mind or brilliant idea
People also engage in business to make a difference in the world.
Why do you assume that loan fees and interest are capitalized during the development period? Can't you set aside a reserve for them in the beginning?
Answers
While it is possible to set aside a reserve for loan fees and interest during the development period, the reason why these costs are typically capitalized is that they are considered part of the cost of financing the development project.
Capitalizing these costs means that they are added to the cost of the project and are gradually expensed over time as the project generates revenue.
When a development project is being financed, there are costs associated with obtaining and servicing the debt, such as loan origination fees, interest, and other financing costs. These costs are not directly related to the physical construction of the project, but they are still necessary expenses that need to be paid in order to finance the development. Therefore, these costs are treated as part of the cost of the project and are capitalized.
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Which of the following is NOT an animal rights group?
O People for the Ethical Treatment of Animals (PETA)
O Local animal rights group
O Mercy for Animals
O National Animal Interest Alliance
Answers
Answer:
National Animal Interest Alliance
Explanation:
The National Animal Interest Alliance; (NAIA) is a group or an association of different professionals dedicated to promoting animal welfare. It is a lobby group that seeks to strengthen the human-animal bond and to safeguard the rights of responsible animal owners.
PETA) is People for the Ethical Treatment of Animals ( is an international not-for-profit organization supporting animal rights. It is dedicated to ending the abusive treatment of animals.
Mercy for Animals endeavors to build a society in which all animals are treated with respect and compassion. It aims at ending cruelty to farmed animals and promoting compassionate animal feeding policies.
Answer:
pp
Explanation:
What is a best practice to follow when sending instant messages at work?
A.
Message your coworkers whenever it’s convenient for you.
B.
Whenever possible, use abbreviations to save time.
C.
Use instant messages for personal conversations, such as making dinner plans.
D.
Keep your messages brief and work-related because the recipients may be busy.
Answers
If I'm correct, the answer should be D.
It's the most likely answer.
PLEASE ANSWER FAST (15 POINTS)
One of the most important things you can do for yourself before you apply for a job is take a(n) ________ of your skills and experiences.
A. mental picture
B. photograph
C. inventory
D. memory
Answers
Before applying for employment, one have an inventory of the personal skills and experiences.
What are personal skills?The skills, which are generally unique to an individual or are a representative of the capabilities of individuals, are referred to as personal skills.
Whenever someone applies for a job, it must be ensured that such person has an inventory of the skills, as they will be playing a huge role in determining the position of such individual's employment.
Hence, option C is a representative of important things regarding personal skills and experiences to be taken into consideration before job application.
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The appropriate level of safety stock is typically determined by: (i) taking the square root of the economic order quantity. (ii) minimizing expected stockout cost. (iii) carrying sufficient safety stock to eliminate all stockouts. (iv) choosing the level of safety stock that assures a given service level.
Answers
The appropriate level of safety stock is typically determined by choosing the level of safety stock that assures a given service level. Hence, the correct option is (IV).
What Is A Safety Stock?Safety stock is one of the important components in inventory management. Safety stock basically refers to additional quantities in the warehouse to anticipate if there is a significant or unpredictable increase in demand. Therefore, the number of goods in the warehouse must not be less than the safety stock to prevent a shortage of goods which can cause loss of sales. The amount of this safety stock is said to be optimal when the safety stock can be used to meet all the unpredictable demands of the company and is linked to the level of service level determined by the company.
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A job application is a form used to make a job request. (3 points)
True
False
Answers
Answer:
I would say it is True.
Explanation:
A job application form states your personal information
In general, which TWO characteristics define a "small" business?
A. Fewer than 1,500 employees
B. Non-profit
C. Between 500 and 2,500 employees
D. Less than $35.5 million revenue
E. No more than $200,000 in sales
Answers
Small business includes business privately owned, through partnership or sole proprietorship and has fewer employees and revenue lesser than a regular-sized business.
Examples of Small business are Personal Trainers, Local Auto Repairs, Fair Online Stores, Home care services etc
The major characteristic of small business are
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Answer:
A. Fewer than 1,500 employees
D. Less than $35.5 million revenue
Explanation:
-These characteristics define a small business
(I took a test and got it right, sorry that I don't have a further explanation)
How investment tax credit and employment tax credit can be used to address unemployment?
Answers
Answer:
Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.
Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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is it possible to have publicity on your own website why or why not
Answers
Yes it is possible for you to have publicity on your website.
Is it possible to have publicity on your own website why or why not?
Yes, it is possible to have publicity on your own website. Publicity refers to any form of promotion or advertising, and a website can be used as a platform to promote and advertise a business, product, or service. By having a website, you can create content such as articles, videos, images, and infographics that can be used to showcase your products or services and attract visitors to your site.
Additionally, you can also use various digital marketing techniques such as search engine optimization, pay-per-click advertising, social media marketing, and email marketing to promote your website and attract more visitors. In summary, having a website gives you a powerful platform to promote your business and attract potential customers.
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Deflation:_____.
a. can cause budget surpluses.
b. can lead to increased output.
c. does not affect output.
d. can lead to decreased output.
Answers
Deflation can lead to decreased output .
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
Deflation can lead to decreased output in a way that the demand of goods is way too high therefore the purchasing power is elevated. And the prices of goods is also lower.
Additionally, manufacturers may get skeptical about producing goods due to the low prices for the goods that affect them.
Although, it may seem like the fact that prices are lower is good, deflation can drastically affect the economy and lead into recession and depression.
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Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund
Answers
Since Taryn is a minor does have special contractual rights when he purchases necessaries. In this case Taryn does not really need the car since his parents have offered the use of car.
The car dealer could not legally refuse to take the car back and must return Taryn's money.
Fair market value:The fair market value of a piece of property is the price at which it would change hands between a willing and informed buyer and seller. The term can be found throughout the Internal Revenue Code, as well as in numerous state laws, bankruptcy laws, and regulatory bodies. In real estate, a property's determined fair market value (FMV) is the price it will sell for on the open market. A willing buyer and seller who are both reasonably knowledgeable about the property in question agree on the FMV.
How significant is fair market value?Parties can agree on a fair market value provided certain conditions are met. It usually takes place in legal settings and implies free and open market activity. Insurance companies and tax authorities use it extensively.
Question is incomplete . Missing part is:
Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund. Explain the answer.
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DISCUSSION 7 PLEASE ANSWER ALL QUESTIONS IN FULL DETAIL AND LABLE EACH QUESTION.
"Questions for Discussion
1. One organization that all students will have some knowledge about is their own college or university. What are the strengths, weaknesses, opportunities, and threats that you see facing your college or university? What strategic issues do you suggest for your institution?
2. Suppose a nonprofit organization’s strategy requires that it phase out a program on which few people rely, but those people are vulnerable and no good substitute exists. How might the organization proceed with its plan in an ethical and humane manner?
3. Select an organization that you know well—maybe you work there, have been a volunteer, or just follow it on social media. What do you think is the organization’s strategy, as that term is discussed in this chapter? What are the principal risks that it needs to address in its risk management plan?
Answers
Sure, I can provide you with a detailed response to each question:
Strengths, weaknesses, opportunities, and threats (SWOT) analysis is a commonly used tool for strategic planning. Regarding your college or university, some possible strengths could be its reputation, academic programs, faculty, campus facilities, student services, alumni network, diversity, etc.Some potential weaknesses could include high tuition costs, limited resources, bureaucratic processes, outdated curriculum, poor communication, lack of innovation, low retention rates, etc. Opportunities could be new partnerships, grants, research projects, international collaborations, online education, experiential learning, etc. Threats might include competition from other institutions, declining enrollment, budget cuts, regulatory changes, demographic shifts, natural disasters, cyber attacks, etc.
To suggest strategic issues for your institution, you could consider aligning its mission, vision, and values with the needs and expectations of its stakeholders, such as students, faculty, staff, donors, government agencies, communities, etc.
You could also analyze data on student outcomes, employment rates, alumni satisfaction, retention rates, graduation rates, diversity metrics, etc. and use it to inform decisions about program development, resource allocation, marketing, innovation, and community engagement. Finally, you could involve various constituencies in the planning process through surveys, focus groups, town halls, task forces, committees, and other participatory methods.
Nonprofit organizations often face difficult ethical dilemmas when they have to balance their social mission with their financial sustainability. In the case of phasing out a program that serves a vulnerable population, the organization should take a compassionate and responsible approach. Specifically, it could:- Communicate transparently and empathetically with the affected stakeholders, including the program participants, their families, the staff, the funders, and the community, about the reasons for the change, the timeline, the alternatives, and the support available.
- Offer personalized assistance and referrals to the individuals who will be impacted by the program discontinuation, such as counseling, advocacy, training, job placement, financial aid, etc.
- Collaborate with other organizations or agencies that may be able to offer similar or complementary services, and help facilitate the transition for the participants.
- Evaluate the long-term impact of the program phase-out on the organization's mission, reputation, stakeholder relationships, and financial viability, and adjust its strategy accordingly.
For this question, I don't have access to your personal experience or knowledge of a specific organization, so I will provide a general answer. A strategy is a plan of action that guides an organization's decisions and activities towards achieving its goals and objectives. It involves analyzing the internal and external environment, identifying opportunities and threats, defining the unique value proposition, setting priorities, allocating resources, establishing metrics, and monitoring progress.The organization's risk management plan should address the potential hazards and uncertainties that could affect its operations, assets, reputation, and stakeholders. Risks can come from various sources, such as natural disasters, cyber attacks, legal violations, economic downturns, personnel turnover, regulatory changes, accidents, etc.
To mitigate these risks, the organization may consider measures such as insurance, emergency preparedness, redundancy, training, compliance, diversification, contingency planning, and crisis communication. It's essential to regularly review and update the risk management plan to reflect new risks and changing circumstances.
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please help me anyone (picture attached)
Answers
Answer:
Im not entirely sure, but i think
2. Should be D
3. Should be A
(i could be wrong but im about 90 percent sure those r right)
Explanation:
In which of the following situations will an individual's purchasing power be unaffected? options:
All absolute prices fall by 15%, and money income falls by 15%.
All relative prices remain constant, and money income rises by 15%.
All relative prices rise by 15%, and money income falls by 15%.
All absolute prices remain constant, and money income falls by 15%. All relative prices fall by 15%, and money income falls by 15%.
Answers
The situation in which an individual's purchasing power would be unaffected is: All relative prices remain constant, and money income rises by 15%. Option B is the correct answer.
When relative prices remain constant, it means that the prices of goods and services in relation to each other do not change. If the individual's money income rises by 15%, it means they have more purchasing power because they have more money to spend.
The relative prices remaining constant ensures that the purchasing power gained due to the increase in money income is not offset by price increases.
Therefore, the situation in which an individual's purchasing power would be unaffected is when all relative prices remain constant, and money income rises by 15%. Option B is the correct answer.
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Susan's job involves recruiting eligible people for a business. It's her responsibility to identify the task requirements and then recruit candidates to fill the vacancy. Which management function is Susan performing?
Answers
Answer:
Staffing
Explanation:
STAFFING is the process of hiring a person or an individual that is qualified into an organization in order to fill into a particular job position by identifying the task requirements of the vacant position, assessing the candidate skills as well as the candidate knowledge and ability inorder to be sure if the candidate will fit in well into that particular position they are about to be employed for, which is why STAFFING is Paramount when selecting an employee for a particular job position because it help to employ candidate that are qualified into the organization or company.
Therefore based on the information given the management function Susan was performing is called STAFFING.
Answer:
staffing
Explanation: