Designing Pay Levels, Mix and Pay Structures Definition of the key ingredient/activity (Designing Pay Levels, Mix and Pay Structures):
Rationale of its importance:
Potential impact on organizational outcomes:
Organizational symptoms that suggest that the function is not being performed correctly:
Key descriptive models (note important differences):
Key steps in executing the prescribed models, processes or techniques: Issues that could prevent this function from being successfully executed:
Critical success factors/activities that must be completed in order to successfully execute this function:
Answers
Designing pay levels, mix and pay structures is the process of determining how much employees will be paid for their work.
Designing pay levels, mix and pay structures is a complex process that involves a number of factors, including the market rates for similar jobs, the job requirements, and the individual employee's performance, skills, and experience. The goal of this process is to design a pay system that is fair, equitable, and competitive, and that helps the organization achieve its strategic goals.
Definition of the key ingredient/activity (Designing Pay Levels, Mix and Pay Structures):
Designing pay levels, mix and pay structures is the process of determining how much employees will be paid for their work. This includes setting pay levels for different jobs, determining the mix of base pay, variable pay, and other forms of compensation, and designing the pay structure itself.
Rationale of its importance: Pay is a key factor in attracting, motivating, and retaining employees. A well-designed pay system can help an organization achieve its strategic goals by attracting and retaining the best talent, motivating employees to perform at their best, and ensuring that pay is fair and equitable.
Potential impact on organizational outcomes: The potential impact of pay on organizational outcomes is significant. A well-designed pay system can:
Increase employee productivity and performance
Reduce employee turnover
Improve employee morale and satisfaction
Enhance the organization's reputation as an employer of choice
Organizational symptoms that suggest that the function is not being performed correctly:
There are a number of organizational symptoms that suggest that the function of designing pay levels, mix and pay structures is not being performed correctly. These include:
High employee turnover
Low employee morale
Frequent complaints about pay from employees
A perception that pay is not fair or equitable
Key descriptive models (note important differences):
There are a number of different models that can be used to design pay levels, mix and pay structures. These models vary in terms of their complexity, the factors they take into account, and the assumptions they make. Some of the most common models include:
Market-based models: These models base pay on the prevailing market rates for similar jobs.
Job-based models: These models base pay on the job requirements, such as the skills, knowledge, and experience required to perform the job.
Personnel-based models: These models base pay on the individual employee's performance, skills, and experience.
Key steps in executing the prescribed models, processes or techniques:
The key steps in executing the prescribed models, processes or techniques for designing pay levels, mix and pay structures include:
Gathering data: The first step is to gather data on the market rates for similar jobs, the job requirements, and the individual employee's performance, skills, and experience.
Analyzing data: The next step is to analyze the data to identify the appropriate pay levels, mix and pay structures.
Communicating the decision: The final step is to communicate the decision to employees and ensure that they understand the rationale behind it.
Issues that could prevent this function from being successfully executed:
There are a number of issues that could prevent this function from being successfully executed. These include:
Lack of data on market rates
Inaccurate or outdated data
Lack of understanding of the job requirements
Lack of communication with employees
Critical success factors/activities that must be completed in order to successfully execute this function:
The critical success factors/activities that must be completed in order to successfully execute this function include:
Gathering accurate and up-to-date data: The data used to design pay levels, mix and pay structures must be accurate and up-to-date.
Understanding the job requirements: The job requirements must be clearly understood in order to determine the appropriate pay levels.
Communicating the decision to employees: The decision on pay levels, mix and pay structures must be communicated to employees in a clear and transparent way.
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Related Questions
the term that seeks to achieve better performance at a lower cost while maintaining all functional requirements defined by the customer is known as
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Value engineering is the process that aims to improve performance at a reduced cost while preserving all functional requirements specified by the client.
'What are Value engineering?'
Value engineering is a methodical, planned strategy for delivering essential project functionalities at the lowest cost. Value engineering encourages the use of less expensive substitutes for materials and techniques without compromising functionality.
Instead than emphasising the physical characteristics of different parts and materials, it only focuses on their functions. Value analysis is another name for value engineering. Value engineering is the process of reviewing new or current goods throughout the design phase in order to lower costs and improve functionality in order to boost the product's value.
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x corporation discovers that a product it manufactures has exposed its employees to asbestos for decades. it must decide what to do with this information. if it suppresses its discovery, the business will remain successful and the company's owners will continue to profit, but current and former employees will continue to endure negative health effects. according to josephson's core values model for ethical decision-making, what should x corporation do next? evaluate how likely the corporation is to successfully suppress this information and determine the consequences of being caught. determine if the benefits to the owners from suppressing the information outweigh the consequences to employees, or if the reverse is true. evaluate whether the decision to suppress the information would satisfy any core values and contrast it to other possible decisions. decide which core values are at stake in the decision to suppress the information and rank them in order of importance
Answers
Based on the fact that x corporation discovers that a product it manufactures has exposed its employees to asbestos for decades, it must decide what to do with this information. if it suppresses its discovery, the business will remain successful, the best decision to take that would be ethical would be to determine if the benefits to the owners from suppressing the information outweigh the consequences to employees, or if the reverse is true.
What is an Ethical Decision?This refers to the term that is used in order to show the decision that is taken by a person, group or organization that is fair and right and proper to all parties involved.
Hence, it can be seen that based on the given scenario, it is discovered that x corporation discovers that a product it manufactures has exposed its employees to asbestos for decades, according to josephson's core values model for ethical decision-making,, it should be investigated to check if the benefits outweighs consequences.
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keynesian economists believe that savings is a drain on demand because a. when a recession occurs, households tend to spend less, which only worsens the recession. b. prices are flexible and allow the economy to quickly return to full employment. c. the economy is stable and tends toward full employment. d. government intervention in the economy is unnecessary. e. the short run is more important than the long run, and economic policy only works in the short run.
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Keynesian economists believe that savings is a drain on demand because a. when a recession occurs, households tend to spend less, which only worsens the recession.
Keynesian economists believe that during a recession, people tend to save more money and spend less, which leads to a decrease in demand for goods and services. This decrease in demand can further worsen the recession as businesses may have to lay off workers or reduce production due to a lack of demand. Keynesian economists believe that government intervention, such as increasing government spending or decreasing taxes, can help stimulate demand and pull the economy out of a recession.
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Clichés are expressions that have become exhausted because of overuse. Read the following message, and identify the clichés. First and foremost, I would like to thank you all for your ability to think outside the box. While it is easier said than done, you all fit the bill and remain true to form by creating marketing campaigns that pass with flying colors. As we move on to the next assignment as quick as a flash, remember that despite the turnaround speed of our projects, we can't afford to shoot from the hip. We must stand our ground and remain the exception to the rule, producing promotions that are better than new and good to go. Last but not least, please save the date for our annual company BBQ on May 23. Which of the following are clichés included in the preceding message? Check all that apply. Producing promotions Thank you Better than new Save the date Fit the bill Move on to the next assignment The exception to the rule True to form First and foremost Choose the best revision of this unclear message. The Johnson folder is code red and must be handled offline and across cross-functional departments in the accounting section of this firm The Johnson file should be handled in the accounting department by being carefully passed around to various groups. The Johnson folder contains confidential information. It should be seen only by the accounting department.
Answers
Clichés in the message: "think outside the box," "easier said than done," "fit the bill," "pass with flying colors," "quick as a flash," "shoot from the hip," "stand our ground," "exception to the rule," "better than new," "good to go," and "save the date."
Revised message: The Johnson folder contains confidential information and should only be handled by the accounting department in a careful and secure manner.
The revised message is clearer and more concise, providing specific instructions on how to handle the Johnson folder. It avoids using unnecessary jargon and clichés, making it easier to understand and follow.
Clichés are overused expressions or phrases that have lost their original impact and meaning due to repeated use. They are often considered to be lazy language and lack originality. They are common in both spoken and written communication and can make a message seem trite or uninteresting. It is generally recommended to avoid clichés and use more creative language to make a message more engaging and memorable.
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Answer the following question.
1. What are the thing to remember that when putting up business?
2. Discuss the recipe for munchkins making?
Answers
Answer:
1. Things to remember when putting up a business include having a clear vision, creating a business plan, securing funding, obtaining licenses and permits, hiring employees, and marketing your business. Additionally, you will need to be mindful of taxes, managing finances, and staying organized.
2. The recipe for munchkins making is as follows:
Ingredients:
- 1 cup all-purpose flour
- 1/2 teaspoon baking powder
- 1/4 teaspoon ground cinnamon
- 1/4 teaspoon salt
- 1/4 cup vegetable oil
- 1/4 cup granulated sugar
- 1/4 cup packed brown sugar
- 2 large eggs
- 1 teaspoon vanilla extract
Directions:
1. Preheat oven to 375°F. Grease mini donut pan with nonstick cooking spray.
2. In a medium bowl, whisk together flour, baking powder, cinnamon, and salt.
3. In a separate bowl, whisk together oil, sugars, eggs, and vanilla.
4. Gradually add dry ingredients to wet ingredients and mix until just combined. Do not over mix.
5. Fill donut cups to about 2/3 full with batter. (A spoon or piping bag works well for this.)
6. Bake for 10 minutes, or until a toothpick inserted into the middle of a munchkin comes out clean.
7. Allow munchkins to cool in the pan for 5 minutes before transferring to a cooling rack.
8. When cool, store in an airtight container at room temperature. Enjoy!
just a mental health update, be sure to drink some water and get a heathy snack and don't to much work. Have a good day! <3
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1. What is meant by opportunity cost? Give an example. Suppose that you need to take a class at 3PM, but you can also work an extra shift at your job. What is the opportunity cost of taking the 3PM class?
Answers
Answer:
Opportunity cost is the forgone benefit that would have been derived by an option not chosen.
Explanation:
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because by definition they are unseen, opportunity costs can be easily overlooked. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.
speak rassian for bran biggest Russian btw
Answers
Explanation:
Что ты имеешь в виду?
Answer:
i dont speak russian but you need two answers to give brainest anyways
Explanation:
但我会说中文(but i can speak chinese)
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Answers
Answer:
A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Explanation:
radford is a small company that manufactures automobile bearings. managers at the company must make decisions on the kind and the cost of equipment to buy.
Answers
Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy is an example of corporate finance.
Corporate finance is the domain of finance that deals with funding sources, capital structures, managerial actions to raise the firm's value to shareholders, and tools and analyses to allocate financial resources. The maximization or growth of shareholder value is the main objective of corporate finance.
There are two primary subdisciplines in corporate finance. Setting criteria for which value-adding projects should receive investment funding and deciding whether to raise capital that investment with equity or debt capital are both aspects of capital budgeting. Working capital management, which focuses on managing cash, inventory, and short-term borrowing and lending, is the management of the company's financial resources that deal with the short-term operating balance of current assets and current liabilities.
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Explain the difficulties of barter system?
Answers
Answer:
Payment issue etc.
Explanation:
Individuals encountered many obstacles with the barter system, including a lack of the double coordination of expectations, a lack of a standard unit of value, difficulty making potential or contingent transactions, and difficulty storing and transferring value.
Ill in the blanks to complete the marginal product of labor column for each worker. Labor output marginal product of labor (number of workers) (pizzas) (pizzas) 0 0 80 1 80 2 150 3 200 4 220 5 230
Answers
Labour output | Marginal Product of Labour (number of workers) | (pizzas) the table us attached below:
What is Labour?Labour is the work done in exchange for payment. It is a fundamental component of economic production and is essential to the functioning of modern societies. Labour can take many forms, including physical, mental, and emotional effort. It is typically divided into two categories: skilled and unskilled, with the former being more highly valued. Labour is typically provided by workers who are paid wages or salaries, although there are also forms of unpaid labour, such as voluntary work. Labour is an essential part of the production process and has a direct impact on economic growth. Labour is an important source of income for many households and is essential for the development of a healthy economy.
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73 points I will give if you like and comment 73 points
Answers
Answer:
i b b beg your pardon
Explanation:
Answer: 73 points is this what you mean?
Explanation:
which of the following will increase investment spending
A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above
Answers
Answer:
E
Explanation:
All the suggested options can increase investment spending
Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.
Optimistic business decision : Leads to more investment in potential business opportunities
Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.
Increase in business taxes : This means that companies will have to pay more on taxes
Decrease in capacity utilization : This will lead to the acquisition of more machinery and investment spending increase
Answer:A More optimistic business expectations
Explanation:
A p e x
why do many people have a fraught relationship with money?
Answers
Answer:
They often put their wants before their needs
What is decreasing marginal utility?
Answers
Answer:
Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a second candy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.
When people use self-reinforcement, they try to associate verbal or visual stimuli with the problem, T/F
Answers
"When people use self-reinforcement, they try to associate verbal or visual stimuli with the problem". This statement is False.
When people use self-reinforcement, they engage in a process where they provide themselves with rewards or positive reinforcement for desired behaviors or accomplishments. It involves setting goals, establishing criteria for success, and rewarding oneself upon achieving those goals.
Self-reinforcement is not specifically about associating verbal or visual stimuli with the problem. Instead, it focuses on reinforcing one's own behavior or achievements through self-motivation and positive reinforcement techniques. This can include self-praise, rewards, acknowledgment, or any other form of positive reinforcement that helps reinforce desired behaviors or outcomes.
So, the statement that when people use self-reinforcement, they try to associate verbal or visual stimuli with the problem is not true. Self-reinforcement is more about rewarding oneself for desired behaviors or accomplishments rather than specifically using verbal or visual stimuli. Verbal or visual stimuli may be used as tools to support the self-reinforcement process, such as creating affirmations or visualizing success, but they are not the core aspect of self-reinforcement.
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if management has been unsuccessful at creating value for the company's stockholders, the market-to-book ratio will be
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If management has been unsuccessful at creating value for the company's stockholders, the market-to-book ratio will be low.
The market-to-book ratio is a financial metric that compares the market value of a company to its book value. It is used to assess whether a company's stock is overvalued or undervalued by comparing the market's perception of the company's worth to its accounting value. If management has been unsuccessful in creating value for the company's stockholders, it indicates that the market value of the company is lower than its book value. This can result from various factors, such as poor financial performance, inefficient use of assets, or a lack of confidence in the company's future prospects.
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scarcity opportunity cost and production possibilities curves
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Scarcity is the condition whereby resources are limited in relation to the demand for them.
Opportunity cost is the cost of making a decision that involves giving up the potential benefit of an alternative option.
PPC is a graphical representation of the different combinations of goods and services
Scarcity is the inability of society to produce enough goods and services to satisfy all of its wants and needs. This is due to the limited resources available to society, and the fact that resources are finite. Opportunity cost is the cost of choosing one option over another. It is the cost of the next best alternative that is given up when one choice is made. In other words, the opportunity cost of a decision is the value of the alternative that was not chosen.
PPC shows the maximum output that can be achieved by using the available resources in the most efficient way. The curve illustrates the trade-off between two goods; as the production of one good increases, the production of the other decreases. This is because there is a limited amount of resources available, and thus a scarcity of resources for both goods. The PPC also shows the opportunity cost of producing one good over the other; the cost of producing one good is measured in terms of the other good that could have been produced instead.
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
Answers
What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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Explain the different sources of business ideas
Answers
Answer:
Hobby.
Complaints.
Exhibitions.
Experience.
Brainstorming.
Surveys.
Mass media etc…
Explanation:
1. HOBBY:
An activity you do when you’re not working.
Do you know that you can make money from whatever it is you like or enjoy doing? All you have to do is to identify the things you do most often especially when you’re free, evaluate them and act. (Just have a quiet time and reflect on how to make money from what you enjoy doing).
2. COMPLAINTS:
Expressing unhappiness.
Critically evaluate the following statements…
“I wish there was…”
“If only there were a product that could…”
“If only there were services that could…”
See Also: How to Generate Business Ideas
Most of these come up maybe when a customer is not satisfied with a product/service that he or she has tried. Your role here is to put those complaints into consideration then generate ideas to solve such problems because from what you heard above, there is a problem that needs a solution.
3. EXHIBITION:
A demonstration of a particular skill or craft.
Attending exhibition and trade fairs regularly will help you discover new products or services and give you an opportunity to meet with manufacturers, sales representatives, wholesalers, distributors, etc… They can help you with information on getting started or might need your services.
4. EXPERIENCE:
Knowledge or skill gained through been involved in or exposed to something over a period of time.
Don’t look down on any skill or training you learned or passed through because over half of the ideas of successful businesses come from the experience in the work. The background of a potential entrepreneur plays a crucial role in the decision to go into the business as well as the type of venture to be created. Your skills and experience are your most important resources, therefore, be productive and capitalize on them.
See Also: Entrepreneur - Practice of Entrepreneurship (Summary)
5. BRAINSTORMING:
This is a way of making a group of people all think about something at the same time.
Often, in order to solve a problem or to create good ideas. It usually starts with a question or problem statement and each idea leads to one or more additional ideas, resulting in a good number.
Ensure you don’t criticize or judge the ideas of others.
Consider all ideas even those that seem to be wild or crazy.
The greater the number of ideas, the better.
Combine and improve upon the idea of others.
6. SURVEY:
To look at or consider something in a general or very broadway.
This has to do with an investigation on the opinions, behavior, etc… of a particular group of people which is usually done by asking them questions. Such a survey can be or might be conducted formally or informally by talking to people, usually using a questionnaire or through interviews and, or through observation.
See Also: How to Generate Business Ideas
7. MASS MEDIA:
This is a great source of information and news such as newspapers, magazines, radio, the internet and television.
They reach and influence a large number of people from the advertisements and offers and even information you derive from the mass media, you can come up with ideas to work on.
Negotiated transfer pricing is not always used because of each of the following reasons except:
a. market price information is sometimes not easily obtainable
b. a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations
c. negotiations often lead to different pricing strategies from division to division
d. opportunity cost is sometimes not determinable
Answers
Negotiated transfer pricing is not always used because of each of the following reasons except d. opportunity cost is sometimes not determinable.
Negotiated transfer pricing is a process by which divisions within the same company agree on the price at which goods or services are transferred between them. However, this method is not always used for several reasons. Firstly, market price information is sometimes not easily obtainable, which makes it difficult for divisions to agree on a fair price. Secondly, a lack of trust between the negotiating divisions may lead to a breakdown in the negotiations, making it difficult to agree on a transfer price.
Finally, opportunity cost is sometimes not determinable, which makes it hard to determine the value of goods or services being transferred. However, one reason why negotiated transfer pricing is not always used is that negotiations often lead to different pricing strategies from division to division, which can lead to confusion and inefficiencies. Overall, while negotiated transfer pricing can be a useful tool, it may not always be feasible or practical to use in certain situations. The correct option is d. opportunity cost is sometimes not determinable.
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A person’s cash outflow includes
A) liquid assets a person has accumulated.
B) money spent by a company to pay a person’s salary.
C) payments by a person to a retirement account.
D) the difference between the asking price of two houses for sale in the same neighborhood.
Answers
Answer:
B. money spent by a company to pay a person's salary
what will I need to start a clothing shop
Answers
Answer:
Explanation:
But meanwhile his you are going to start a new clothing business you will not have much finance ( money ) but first u have to advertise to the customers . get the customers attraction and there satisfaction , because then one customer will spread the whole news about your clothing shop to almost all the customers. which will be beneficial for you .
You will have to advertise on the tv , radio , bill boards , newspapers , many other marketing equipments plus u must advertise your business in a way that the customers will be willing to purchase your clothes from your clothing shop.
Then eventually you will gain more profits and will lead to profits so after sometime you can create a a online shopping like a website , because some and many customers will be willing to purchase your clothes through the online platform. which saves the customers time and transportation costs and etc.
By the way the main element is customers because without customers there will be no lead / success to your clothing shop.
Hope this answer helps you :)
Have a great day.
Mark brainliest :)
what basis do you use to decide when to spend money in your everyday life, and do you think your decisions are always well thought out?
Answers
1) First, consider what is important to you and whether you have given it adequate funding. Many people immediately consider travel as one of their retirement interests. For some, the most important thing is to see friends and family as often as possible. It's difficult to forget the elderly uncles and aunts who make the effort to attend every family wedding or ceremony. If you want to travel, spend money on plane tickets, hotel reservations, and other expenses.
2) Second, unless you are willing to devote time, energy, and resources to your hobby, you may not be serious about it. If music is your passion and you believe you need to learn it formally, enrol in classes and take it seriously as a student. If you enjoy photography, invest in a good camera and lenses and do what it takes to pursue it seriously. If you believe you will pursue a new activity in retirement, set a reasonable budget for it and enjoy it.
3) Third, if there are expenses you've put off your entire life and now have the money to spend, bring them back to the table. Purchasing books that you enjoy reading, dining out to try new cuisines, attending exhibitions, shows, and concerts that interest you, or purchasing clothing and jewelry that you denied yourself during your saving days can all be financed if you have the money.
4) Fourth, think about allocating money to expenses that will improve your comfort. You might want to invest in a comfortable reading chair, a back-supporting couch, a higher-quality bed, blanket, or pillows, and other small items that will improve your comfort. You might want to hire a cab instead of taking public transportation; fly instead of taking the train; and so on. These may seem insignificant, but I have many elderly friends who will continue to pinch back on their own comfort from their frugality habit even when it is no longer necessary.
5) Fifth, if you believe you have more than you need, practise giving it away. Many people could make good use of that money. You may have made a difference in another person's life if you paid a hospital bill, a tuition fee, a coaching class fee, or if you purchased life-sustaining medicine or equipment, or even if you provided clothing, footwear, and other basic necessities. Donate to charities that work on issues that are important to you. Support your vegetable vendor, security guard, liftmen, cooks and cleaning staff, drivers, and others if you can be generous with them.
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The total of the figures on the left side of a Cash account is$36,700. The total of the figures on the right side is $16,250.The balance of this account:Multiple Choiceis $20,450 and would be recorded on the right side of the account.is $52,950 and would be recorded on the left side of the account.is $20,450 and would be recorded on the left side of the account.is $52,950 and would be recorded on the right side of the account.
Answers
The balance of this account is $20,450 and would be recorded on the left side of the account.
A Cash account is an account that shows the cash balance of a business at a specific point in time. The account is divided into two sides: the left side for debit transactions, and the right side for credit transactions. The total figures on the left side of the account represent the total amount of cash that the business has received
In this case, the total of the figures on the left side of the account is $36,700 which represents the total amount of cash that the business has received, and the total of the figures on the right side is $16,250 which represents the total amount of cash that the business has paid out.
The balance of the account is the difference between the total of the figures on the left side and the total of the figures on the right side, which is $36,700 - $16,250 = $20,450. This balance would be recorded on the left side of the account as it represents the cash that the business has received.
Therefore, the correct answer is: is $20,450 and would be recorded on the left side of the account.
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Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
Answers
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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the outcome of an unbias sample ______ is to the outcome from the population
Answers
Unbiased sample results are probably similar to population results.
An objective representative sample of the population is what?An objective depiction of the entire population is what a random sample is supposed to be. It is considered a fair way to choose a sample from a larger population (since every member of the population has an equal chance of getting selected).
What is the name for unbiased sample selection?As part of the sampling technique known as random sampling, every sample has an equal chance of being chosen. A randomly selected sample is intended to be a fair reflection of the entire population.
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Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed.
July 1 Issued 15,899 shares of common stock for $15,899 cash.
1 Purchased used truck for $11,899, paying $2,105 cash and the balance on account.
3 Purchased cleaning supplies for $937 on account.
5 Paid $2,160 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,880 for cleaning services.
18 Paid $1,028 cash on amount owed on truck and $540 on amount owed on cleaning supplies.
20 Paid $2,191 cash for employee salaries.
21 Collected $1,634 cash from customers billed on July 12.
25 Billed customers $2,532 for cleaning services.
31 Paid $373 for maintenance of the truck during month.
31 Declared and paid $618 cash dividend.
Journalize the July transactions.
Post to the ledger accounts.
Prepare a trial balance at July 31.
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(1) Services performed but unbilled and uncollected at July 31 were $1,750.
(2) Depreciation on equipment for the month was $202.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $415.
Post adjusting entries to the T-accounts.
Cash
7/1
15,899
7/1
2,105
7/21
1,634
7/5
2,160
7/18
1,568
7/20
2,191
7/31
373
7/31
618
7/31 Bal.
8,518
Accounts Receivable
7/12
4,880
7/21
1,634
7/25
2,532
Supplies
7/3
937
Prepaid Insurance
7/5
2,160
Equipment
7/1
11,899
7/31 Bal.
11,899
Accumulated Depreciation-Equipment
Accounts Payable
7/18
1,568
7/1
9,794
7/3
937
7/31 Bal.
9,163
Salaries and Wages Payable
Common Stock
7/1
15,899
7/31 Bal.
15,899
Dividends
7/31
618
7/31 Bal.
618
Service Revenue
7/12
4,880
7/25
2,532
Maintenance and Repairs Expense
7/31
373
7/31 Bal.
373
Supplies Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
7/20
2,191
Problem 4-8A Mike Greenberg opened Clean Window WaPrepare an adjusted trial balance.
Problem 4-8A Mike Greenberg opened Clean Window WaPrepare the income statement for July.
Prepare a retained earnings statement for July. (List items that increase retained earnings first.)
Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.)
Journalize closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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