The variable that Information Systems (IS) has the biggest impact on in a firm's business strategy is "operational efficiency." IS enables companies to streamline their processes, manage resources more effectively, and automate repetitive tasks, ultimately leading to reduced costs, increased productivity, and a higher level of competitiveness.
Step-by-step explanation:
1. Information Systems (IS) facilitate data collection, storage, and analysis, which helps businesses make informed decisions about their strategy.
2. IS helps in automating manual processes, which reduces labor costs and increases the speed of operations.
3. By providing real-time data, IS enables businesses to monitor their performance and respond to changes in the market quickly.
4. IS enables effective communication and collaboration within the organization, fostering innovation and better problem-solving.
5. Overall, IS improves operational efficiency, enabling a firm to remain competitive in the ever-changing business environment.
In conclusion, Information Systems (IS) has the most significant impact on the "operational efficiency" variable, helping businesses adapt and respond to the demands of the market and remain competitive.
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what is circumstance
A circumstance refers to the particular conditions or factors surrounding a situation or event.
It includes various aspects such as the context, environment, or specific details that influence or are relevant to a given situation. Circumstances can vary widely and can include various factors such as time, place, environment, social and economic conditions, personal situations, and external influences. They can be both internal and external to the individuals or entities involved.
Understanding the circumstances is crucial because they can significantly impact the outcome, consequences, and interpretation of an event or decision. They provide a deeper understanding of the context in which something occurs and help to determine why certain choices were made or why certain outcomes were achieved.
For example, in a legal case, the circumstances surrounding a crime can be essential in determining the motive, intent, and level of culpability of the accused. In business, the circumstances of a market, including factors such as competition, consumer preferences, and economic conditions, can influence the success or failure of a product or company.
Examining the circumstances allows us to consider the broader picture and make more informed judgments or decisions. It helps to avoid oversimplification and ensures that we consider all relevant factors that may have contributed to a particular situation.
In summary, circumstances are the conditions and factors that surround an event or decision, providing crucial context and influencing its outcome. Understanding the circumstances is essential for gaining a comprehensive understanding and making informed judgments.
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Jacob is leading the strategic planning meetings for the nonprofit organization he works for. They are a new organization and are working toward getting all staff on the same page regarding the big picture and goals of the organization. What is the first step that Jacob needs to do in the strategic planning process?
Answer:
Jacob needs to define a mission statement.
Explanation:
Today,+hyperion+manufacturing+sales+are+$128,268.+if+sales+grow+at+9.0%+per+year,+how+large+will+they+be+10+years+later?
Future value PVx(1+r)^n
A Interest rate per annum 9% B Number of years 10
c Number of compoundings per per annum A:C 1
\(\frac{A}{C}\) Interest rate per period (r) 9% \(B\times c\) Number of periods (n) 10
Present value (PV) 128,268
Future value $ 303,657
What is sale?The term "sales" refers to all activities included in selling a product or benefit to a customer or business. But in hone, it means so much more. A lot of effort goes into effectively closing a deal – from sourcing prospects, to building relationships, and giving customers with arrangements. We’ll burrow into sorts of deals, common deals terms, and deals techniques to help you solve for the customer and increment revenue.
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A copyright purchased on January 1, 2020, for a cash cost of $15,400. The copyright is expected to have a 10-year useful life to Springer. Goodwill of $74,000 from the purchase of the Hartford Company on July 1, 2019. A patent purchased on January 1, 2019, for $50,000. The inventor had registered the patent with the U. S. Patent and Trademark Office on January 1, 2015. Springer intends to use the patent for its remaining life. Required: 1. Compute the amortization expense of each intangible for the year ended December 31, 2020. The company does not use contra-accounts. 2a. Show how the expenses related to the three intangible assets should be reported on the income statement for 2020. 2b. Show how the three intangible assets should be reported on the balance sheet for 2020. (Assume there has been no impairment of goodwill. )
(1). The amortization expense of each intangible for the year ended December 31, 2020 is:
Copyright amortization expense: $1,540
Goodwill amortization expense: Nil
Patent amortization expense: $12,500
Computation the amortization expense of each intangible for the year ended December 31, 2020:
a. Copyright:
The cost of the copyright is $15,400 and it has a useful life of 10 years. Therefore, the annual amortization expense is $1,540 ($15,400 / 10).
b. Goodwill:
Goodwill is not subject to amortization. Instead, it is tested for impairment annually or more frequently if events or changes in circumstances indicate that the fair value of the reporting unit may be below its carrying amount.
c. Patent:
The patent was purchased for $50,000 on January 1, 2019, and it has a remaining useful life of 4 years (since it was registered on January 1, 2015). Therefore, the annual amortization expense for 2020 is $12,500 ($50,000 / 4).
2(a). The expenses related to the three intangible assets should be reported on the income statement for 2020:
Copyright amortization expense: $1,540
Patent amortization expense: $12,500
Total amortization expense: $14,040
Since goodwill is not subject to amortization, it does not appear on the income statement.
2(b). The three intangible assets should be reported on the balance sheet for 2020:
Copyright:
Cost: $15,400
Accumulated amortization: ($1,540)
Net book value: $13,860
Goodwill:
Cost: $74,000
Accumulated impairment: $0
Net book value: $74,000
Patent:
Cost: $50,000
Accumulated amortization: ($25,000) [($50,000 / 4) x 2]
Net book value: $25,000
Note that the accumulated amortization for the patent is calculated based on two years of amortization expense, since the patent was purchased on January 1, 2019.
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In terms of analyzing the external environment of the firm, the industry environment consists of ______ and other organizations that may threaten the company's success.
Answer:
competitors
Explanation:
Unlike goods that can be inventoried, services cannot be stored. A vacant airline seat, an empty hotel room, or an unused hour for a consultant are wasted opportunities. This is referred to as _________________ of services
Not at all like products that can be stocked, administrations can't be stored. A vacant airline seat, an empty hotel room, or an unused hour for a specialist have squandered opportunities. This is alluded to as the perishability of services.
The option (D) is correct.
Perishability is utilized in showcasing to portray how administration limits can't be put away available to be purchased from here on out. the administrations are, for example, carrier flights, auto-fixes, theater amusement, and nail trims. If a singular buys an air ticket for a specific day, and experiences a cold and can't travel, the ticket lapses.
Administrations are transitory because they can't be put away. Along these lines, it is challenging for specialist organizations to oversee something besides consistent interest.
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This question is not complete, Here I am attaching the complete question:
Unlike goods that can be inventoried, services cannot be stored. A vacant airline seat, an empty hotel room, or an unused hour for a consultant are wasted opportunities. This is referred to as _________________ of services.
a. inseparability
b. heterogeneity
c. intangibility
d. perishability
victims of identity theft can request a credit freeze.
Answer:
True
Explanation:
People can use the victims credit card
The statement, "victims of identity theft can request a credit freeze" is true.
A credit freeze is a recognized and widely utilized measure to protect oneself from further identity theft-related harm.
By requesting a credit freeze, individuals can restrict access to their credit reports, reducing the risk of unauthorized accounts being opened in their name.
This measure serves as a preventive barrier, making it more difficult for identity thieves to exploit the stolen information.
Additionally, credit freezes are legally supported and regulated in many jurisdictions, providing victims with the right to request and implement this safeguard.
Thus, it is a recommended step in the aftermath of identity theft incidents to enhance security and regain control over personal financial information.
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Is profit the same as cash flow?
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex − $20,000
Beatrice − $190,000
Julio − $80,000
Roberta − $60,000
Answer:
Beatrice − $190,000
Explanation:
she has the most money and when she is taxed the most money will be taken away.
The income tax rate in a state is a flat 10 percent. Based on that rate, Beatrice has a higher tax burden. Thus the correct answer is C.
What is Tax?A tax is referred to a certain amount that is collected by the government of any country from its citizens which is later on used in the development process of the country including building hospitals, roads and maintaining transportation, and so on.
Here we need to tell the name of the person who has a higher tax burden with reference to the rate of tax with a flat ten percent. Beatrice will be considered as the person.
Beatrice owns an annual income of $190,000 which is higher than all available options so with the rate of interest of ten percent he is liable to pay more amount of tax.
Therefore, option C is appropriate.
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describe the functions of SARB
Answer:
The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.
The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.
▪▪▪Cutest Ghost▪▪▪West Corp. Issued 15-year bonds two years ago at a coupon rate of 9. 1 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. G. , 32. 16. )
West Corp Issued 15-year bonds two years ago at a coupon rate of 9. 1 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, the YTM is 3.76%.
We can use the present value formula to calculate the yield to maturity (YTM) of a bond:
PV = C/(1 + r/2)^n + C/(1 + r/2)^(n-1) + ... + C/(1 + r/2)^2 + C/(1 + r/2) + F/(1 + r/2)^n
Where PV is the current market price of the bond, C is the semiannual bond payments, F is the face value of the bond, r is the YTM, and n is the total number of semiannual periods (in this case, 15 years x 2 = 30 semester hours).
We know that the coupon rate is 9.1% per year, or 4.55% per semester (9.1%/2). The current market price is 103% of face value, or 1.03 x $1,000 = $1,030. The face value is $1,000. Substituting these values into the formula and solving r using a financial calculator or spreadsheet, we get:
$1030 = $45/(1 + r/2)^1 + $45/(1 + r/2)^2 + ... + $45/(1 + r/2)^30 + $1000 /(1 + r/2 )^30
r = 3.76%
Thus, the YTM of the bond is 3.76%, rounded to two decimal places.
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How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?
Answer:
a completed transaction
Explanation:
This would be recorded as a completed transaction in your mobile banking app transaction history. It would display as completed when the money is deducted from your account. If you click on that transaction in the transaction history it will open it up and display the recipient's name, account number, date it was sent, and total amount including taxes and fees detailed out. This transaction information can be accessed at any time and even has a transaction ID number.
Which of the following is an example of financial investment
A) an individual purchases ice cream to be consumed immediately
B) an individual purchases machinery to be used in production
C) an individual purchases stock with the intent to sell it later at a higher price
D) an individual purchases a brand new car to drive
An example of financial investment is option c. An individual purchases stock with the intent to sell it later at a higher price.
A financial investment can be seen as an asset which a person would have to invest or put their money into. The reason or the intention behind this is to have their money appreciate.
When it appreciates, they may decide to sell off the stock. The thing about such investments is that the greater a risk a person decides to take, the more likely they are to make more money from their investment.
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Answer:
C) an individual purchases stock with the intent to sell it later at a higher price
Explanation:
Just took the quick check
when considering how to pay your employees, you can choose three levels of variable pay: individual, team, and organizational. which of the following approaches is ideal when considering these three systems?
Have elements from every system contribute to the employee's pay.
What is Variable Pay?An employee's remuneration is variable pay because it depends on how well they perform. It is typically provided in addition to the employee's regular compensation and takes many different forms.When a salesperson meets particular performance goals or generates more sales, you may give them more compensation, which is known as variable pay. These additional salaries are examples of variable pay. Suppose your sales agents receive a particular amount of extra money each time they close a deal.Variable Pay assists the company in balancing and equating staff wages. The pay structure may not be implemented properly if the criteria for variable compensation are not clearly established. Employees who put in a lot of effort are encouraged by performance-based variable pay, which assists in rewarding them.To learn more about Variable Pay refer to:
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On january 1, 2013, daisy company acquired 80 percent of rose company for $594,000 in cash. rose's total book value on that date was $610,000 and the fair value of the noncontrolling interest was $148,500. the newly acquired subsidiary possessed a trademark (10-year remaining life) that, although unrecorded on rose's accounting records, had a fair value of $75,000. any remaining excess acquisition-date fair value was attributed to goodwill. daisy decided to acquire rose so that the subsidiary could furnish component parts for the parent's production process.
during the ensuing years, rose sold inventory to daisy as follows: upstream
any transferred merchandise that daisy retained at a year-end was always put into production during the following period. on january 1, 2014, daisy sold rose several pieces of equipment that had a 10-year remaining life and were being depreciated on the straight-line method with no salvage value. this equipment was transferred at an $80,000 price, although it had an original $100,000 cost to daisy and a $44,000 book value at the date of exchange. on january 1, 2015, daisy sold land to rose for $50,000, its fair value at that date. the original cost had been only $22,000. by the end of 2015, rose had made no payment for the land.
the following separate financial statements are for daisy and rose as of december 31, 2015. daisy has applied the equity method to account for this investment.
required:
a. prepare the consolidation entries required at december 31, 2015, for the transfer of inventory.
b. prepare the consolidation entries required at december 31, 2015, for the transfers land and equipment.
The depreciation for the equipment would be as follows: Depreciation expense of $4,800 and Accumulated depreciation of $4,800
a. The consolidation entry required on December 31, 2015, for the transfer of inventory would involve eliminating the intercompany sales between Daisy and Rose, as they are not considered valid sales since the companies are related. The consolidated financial statements would reflect the transactions between the companies as if they were a single entity. To record this, the following entry would be made:
Inventory (eliminate intercompany sales) $XXX
Cost of Goods Sold $XXX
b. The consolidation entries required on December 31, 2015, for the transfers of land and equipment would involve eliminating the intercompany transactions and adjusting the depreciation and accumulated depreciation for the equipment sold. The entries would be as follows:
To eliminate intercompany transfer of land:
Land $50,000
Gain on Sale of Land $28,000
Investment in Rose Company $22,000
To eliminate intercompany transfer of equipment:
Equipment $44,000
Accumulated Depreciation $12,000
Gain on Sale of Equipment $8,000
Investment in Rose Company $28,000
Additionally, the depreciation expense for the sold equipment should be adjusted in the consolidated financial statements, as it was recorded using the straight-line method. The depreciation for the equipment would be as follows:
Depreciation expense of $4,800
Accumulated depreciation $4,800
Overall, these consolidation entries would ensure that the financial statements of Daisy and Rose are presented as if they were a single economic entity, without any intercompany transactions distorting the information reported.
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2008 1 Mar Started business with $1,000 cash.
credit or debit
Answer:
The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.
The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
Describe at least three key issues in sales gained from chapter 2 in the text and the supplemental sources that focus on each of the following areas: 1. Organizational sales goals 2. Structure of sales operations 3. Current issues in sales management Explain why you believe each of the issues identified is highly relevant in selling today and how they could potentially be addressed. Support your arguments with evidence from the supplemental materials and text. Provide examples from your experience if applicable
Organizational sales goals: One key issue is the misalignment between sales goals and overall organizational objectives.
What can this lead to?Sales teams may focus on obtaining immediate profits, disregarding the importance of maintaining lasting connections with customers. In order to deal with this issue, it is important for organizations to set definite goals that prioritize the needs of the customers while also being in line with the company's mission and values.
Structure of sales operations: Another issue is the lack of integration and coordination between different sales channels (e.g., field sales, inside sales, e-commerce). This can lead to disjointed customer experiences and inefficiencies. To address this, companies should implement a holistic approach to sales operations, integrating various channels and leveraging technology.
For instance, Salesforce's State of Sales Report (2020) highlights the importance of adopting tools like CRM systems to centralize customer data and streamline communication across channels.
Current issues in sales management: One relevant issue is the need for effective sales coaching and development programs. Many sales managers lack the necessary skills and resources to coach their teams effectively.
To address this, organizations should invest in comprehensive training programs for sales managers, focusing on coaching techniques, leadership skills, and performance evaluation. The Sales Management Association's research report (2019) emphasizes the positive impact of well-designed coaching programs on sales performance and employee engagement.
By addressing these key issues, organizations can enhance their sales effectiveness, improve customer satisfaction, and drive long-term success in today's competitive selling environment.
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C-2. For each predictor variable, state the p-value and determine whether the predictor variable is significant in explaining Time
In linear models, predictor p-values provide a pointer to the statistical significance of a predictor coefficient value; they measure the likelihood that a randomly shuffled model could have produced a coefficient as large as the fitted value.
A low p-value (0.05) suggests that the null hypothesis can be rejected. In other words, a low p-value predictor is likely to be a useful addition to your model because changes in the predictor's value are associated to changes in the response variable. If the P-value is less than 0.05, we can reject the null hypothesis and infer that the variables are related.
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Why does demand rise when house prices increase? (Macroeconomics)
Answer: If house prices rise, then the wealth effect is likely to cause an increase in consumer spending. This will cause higher Aggregate Demand (AD), and it is likely to cause an increase in Real GDP and a higher rate of economic growth.
Explanation:
if offered, would you be interested in blank checks to use for cash advances?
Yes, advantages include flexibility and quick access to funds for unexpected expenses or emergencies.
Blank checks for cash advances offer advantages such as flexibility and quick access to funds. With blank checks, you have the flexibility to use the funds for various purposes, whether it's covering unexpected expenses, making purchases, or dealing with financial emergencies.
Additionally, having blank checks on hand can be convenient when you need immediate access to cash, as you can simply write a check instead of going through a loan or credit card application process. However, it's important to exercise responsible financial management and consider potential risks such as high-interest rates and the need to avoid impulsive or unnecessary spending.
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an organization with an internal labor orientation a. is not willing to spend money to train current employee b. will tend to hire new employees to fill their needs c. will likely buy employee expertise through a merger or acquisition d. will likely spend time and money to train current employees rather than hire or acquire new employees with required skills
Self-efficacy refers to your perception of yourself, not who you really are. Because she thinks she can only perform to a certain standard and may not be aware of her aptitude for the job. The correct option A is not willing to spend money to train current employee.
A worker with low self-efficacy faces the danger of executing tasks below her true skill level. Self-efficacy is a phrase used by organisational leaders and performance managers to express a person's confidence in their own capacity to carry out a task successfully. Tasks that are the best match for each employee's knowledge, skills, and talents should be given to them.
Trade secrets, private information, and other sensitive materials are among the physical and informational assets that must be protected, and security awareness refers to the members of the organization's understanding of risks and attitude in this regard. It aids in raising awareness of the harm done by crimes and criminal conduct.
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Erin spent $25, $36, $18, and $42 on lunch in the last four
weeks. What was her average weekly expense for lunch?
Answer:
121 weekly i hope this hepl
Your "last will and testament" is a legal document that outlines
how you wish to distribute your assets, such as property or money,
after you pass away. It also outlines guardians/custodians that you
A "last will and testament" is a legal document that outlines how an individual wishes to distribute his or her assets, such as property or money, after he or she dies. It also outlines guardians/custodians that an individual wishes to assign to any minor children or dependents.
There are several terms included in a last will and testament. Some of these terms include the testator, executor, beneficiaries, and guardians/custodians. Guardians/custodians refer to the individuals who a testator wishes to assign guardianship or custody of his or her minor children or dependents after he or she passes away
.A testator may appoint one or more guardians/custodians in their last will and testament, and it is important to choose someone who the testator trusts and who will be able to provide care for the children or dependents in their absence.
The appointed guardians/custodians will be responsible for the care, support, and education of the minor children or dependents until they reach adulthood or the age specified by the testator in the last will and testament.
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Dr. No is invited by Novarmints to take part in a study involving a recently FDA-approved drug that it is in the process of marketing to the public. Dr. No would be required to prescribe the drug for his patients and then complete a brief questionnaire about each patient’s experience with the drug. The questionnaire for each patient is expected to take about 15-20 minutes to complete. Novarmints will pay Dr. No $3,000 for each completed questionnaire. Dr. No sees this as "easy money" and a great way to increase practice revenues. Would this arrangement be lawful under the Anti-kickback statute? Explain your answer. What could be the potential consequences of a violation?
Hint: Is this a real drug study?
The arrangement offered to Dr. No by Novarmints involving the FDA-approved drug and payment for completing patient questionnaires may potentially violate the Anti-kickback statute.
Under the Anti-kickback statute, it is unlawful to offer, pay, solicit, or receive anything of value in exchange for referrals or the generation of business involving federal healthcare programs. In this case, no varmints are offering Dr. No payment for prescribing the drug and completing patient questionnaires, which could be seen as an inducement for increased use of the drug and potential referrals.
If found in violation of the Anti-kickback statute, both Dr. No and Novarmints could face serious consequences. Legal ramifications may include civil monetary penalties, exclusion from federal healthcare programs, criminal charges, and damage to professional reputation. Additionally, ethical concerns arise due to potential conflicts of interest and compromised patient care.
To ensure compliance with healthcare regulations, it is crucial for healthcare professionals to be aware of the Anti-kickback statute and carefully evaluate any arrangements that involve financial incentives related to patient referrals or business generation. Seeking legal counsel and adhering to established guidelines and codes of ethics can help prevent potential violations and protect both the healthcare provider and patients.
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Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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Write down any four techniques that you can practice to become an effective listener.
Answer:
Pay Attention. Give the speaker your undivided attention, and acknowledge the message.
Show That You're Listening.
Provide Feedback.
Defer Judgment.
Explanation:
Get Down, Make Love Get Down, Make Love Get Down, Make Love Get Down, Make Love
beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory. at the end of the month, ending inventory was $10,000. cost of goods sold equals .
Beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory and sold goods that cost $20,000.
Ending inventory was
value of goods sold=beginning inventory+Purchases-ending inventory
20000=5000+25000-finishing stock
finishing inventory=(5000+25000-20000)
=$10000.
The 4 maximum normally used inventory kinds are uncooked materials, paintings in the process (WIP), finished goods, upkeep, repairs and overhauls (MRO). knowing the nature of your inventory will help you manipulate your stock better and smarter.
QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answer:
A. Review the different savings account options that your bank offers.