Answer:
$0
Explanation:
The computation of the long term liabilities is shown below:
As we know that the long term liabilities are the liabilities which are due for the next months
In the given question, there is a note payable which is due on June 30, 2021 and we have to find the long term liabilities for Dec 31,2020 so it is made only 6 months but we required 12 months So the note payable is treated as a current liabilities
So, the amount should be $0 in this case
You work for a company where the HR director has been involved in unethical activities. You know that others are also aware of the situation; however, no one is willing to report the director's behavior to upper management. You do not want to be the whistleblower3; however, you realize that guilt and loss of self-respect can result when you do or do not do things that conflict with what you believe. Discuss this situation with two or three classmates. Identify pros and cons of becoming a whistleblower.
Answer:
Personal Pros & Cons
Explanation:
To become a whistleblower in this situation, you might want to stay anonymous when reporting the situation. By staying anonymous you can report this situation without being worried that this HR director will know. But, if you don't want to become the whistleblower someone else might report them and you'll be out scot-free. But in the chance, someone doesn't, then you might feel guilty for not reporting this issue.
The persistent rise in the cost of goods and services.
Interest
O Savings Rate
O Deflation
Inflation
Answer:
Inflation
Explanation:
Inflation can be regarded as general rise in the level of price of an economy during particular period of time. As the general price level experience a rise, each unit of currency will only buys fewer goods as well asservices. When there is decline of purchasing power of a particular currency over period of time, then it can be regarded as inflation. It should be noted that inflation is The persistent rise in the cost of goods and services.
Clark Heter is an industrial engineer at Lyons Products. He would like to determine whether there are more units produced on the night shift than on the day shift. The mean number of units produced by a sample of 86 day-shift workers was 361. The mean number of units produced by a sample of 92 night-shift workers was 367. Assume the population standard deviation of the number of units produced is 37 on the day shift and 44 on the night shift.
Using the 0.05 significance level, is the number of units produced on the night shift larger?
a. State the null and alternate hypotheses.
multiple choice 1
H0: μDay ≥ μNight; H1: μDay < μNight
H0: μDay ≥ μNight; H1: μDay > μNight
H0: μDay ≥ μNight; H1: μDay = μNight
b. Compute the test statistic. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)
c. Compute the p-value. (Round your answer to 4 decimal places.)
d. What is your decision regarding the null hypothesis?
multiple choice 2
Reject H0
Do not reject H0
e. Using the 0.05 significance level, is the number of units produced on the night shift larger?
multiple choice 3
Yes
No
1. The null and the alternate hypothesis is H0: μDay ≥ μNight; H1: μDay = μNight
2. the test statistic is -0.99
3. P value is 0.161821.
4. The decision is to reject the null
5. no it is not larger
How to solve for the hypothesisThe null hypothesis is μDay ≥ μNight
The alternative hypothesis is H1: μDay = μNight
How to solve for the test statisticwe have the folloswing details with which we are to solve the questions that we have here
n1 = 86, bar x1 = 361, sd1 = 37
n2 = 92, x bar2 = 367, sd2 = 44
We have to solve for the standard error
\(\sqrt{\frac{37^2}{86} +\frac{44^2}{92} }\)
= √15.92 + 21.04
= √36.96
= 6.079
test statistic z = xbar1 - xbar2 / standard error
= 361 - 367 / 6.079
= -0.9870
The critical value at 0.05 = 1.645
The critical value is greater than the test statistics
the decision would be to reject H0 if z < 1.645
-0.9870 < 1.645
we have to reject the null hypothesis
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The envelope method, notebook and pencil, and online software are all methods of ______.
estimating your unexpected expenses
planning for your future
tracking your spending
understanding your current expenses
Answer:
tracking your spending
Explanation:
In personal and business activities inner needs to track spending in order to know financial status and budget effectively with available funds.
Without tracking spending there is tendency that waste will occur and spending on unimportant items will occur.
The envelop method entails having money for each category of spending in different envelops. At the end of a period you can check the envelops to see how much has been spent in each category.
Notebook and pencil involves writing down expenses.
Online software such as QuickBooks can be used to track how much an individual or business has spent.
Answer:
C. tracking your spending
Explanation:
imagine you are trying to gather the information needed to calculate the balance of payments for an Eastern European country. To do your calculations, you would need to have information on all of the following EXCEPT:
Group of answer choices.
tourist spending in the country
foreign aid the country receives
its imports and exports
military expenditures it makes in other countries
its corporate tax rates
Information that you would not need to calculate the balance of payments for the Eastern European country is its corporate tax rates.
What are balance of trade payments?This refers to the difference between cashflow leaving the country and those being brought into the country.
You would therefore need information on imports and exports, expenditures in other nations, foreign aid coming into the country, and tourist spending.
The country's tax rates however, have nothing to do with balance of payments.
In conclusion, option E is correct.
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One of the most strategies in developing a strong sense of personal responsibility is to what
Answer:
Take responsibility for your thoughts, feelings, words, and actions.
Explanation:
There are various strategies to take in developing a strong sense of personal responsibility, one of the topmost strategies is to "Take responsibility for your thoughts, feelings, words, and actions."
This will surely help in determining how to react to situations, without being pushed by others or blame others for the outcome.
Also, it will not affect your perception and duty to yourself. But rather spur you to do what you believe in and what will benefit you.
Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:
Premium Caviar Goose Foie Gras Totals
Units 4,000 12,000 16,000
Revenue $100,000 $180,000 $280,000
Variable costs 56,000 105,000 161,000
Fixed costs 20,000 40,000 60,000
Profit $ 24,000 $ 35,000 $ 59,000
Selling price per unit $25.00 $15.00
Contribution margin per unit $11.00 $6.25
Profit margin per unit $6.00 $2.92
When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:
a. What is the business’ weighted-average contribution margin per unit? (show your computation)
b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)
c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)
d. What is the business’ weighted average contribution margin ratio? (show your computation)
e. What level of sales (in dollars) will be needed to earn a profit of $64,950 assuming the current sales mix? (show your computation)
f. What will be the sales (in dollars) of Premium Caviar and Goose Foie Gras boxes for the business’ total sales calculated in Part e? (show your computation)
Ratio of the weighted average contribution margin will be 0.50, or 50%.
How is the weighted-average contribution calculated?To get the weighted-average contribution margin per unit, the sales mix must be known (the proportion of total sales for each product). Let's assume that the sales ratio for Premium Caviar & Goose Foie Gras is 50:50, which means that Premium Caviar makes up half of overall sales and Goose Foie Gras makes up the other half.
In order to compute the weighted-average contribution margin per unit, the contribution margin per unit for every product (Premium Caviar & Goose Foie Gras) must first be determined. Compute the contribution margin by deducting the variable cost per unit from of the selling price per unit.
Let's proceed with the supposition that:
Premium Caviar:
Selling price (per unit): $50
Variable cost (per unit): $25
Contribution margin (per unit): $50 - $25 = $25
Goose Foie Gras:
Selling price (per unit): $30
Variable cost (per unit): $15
Contribution margin (per unit): $30 - $15 = $15
To calculate the weighted-average contribution margin per unit, the contribution margin per unit for each product is multiplied by the proportion of sales for that product.
Weighted-average contribution margin (per unit) = (Premium Caviar's contribution margin per unit x percentage of premium caviar sales) + (Margin of contribution per serving of goose foie gras x the percentage of sales of goose foie gras)
= ($25 x 0.50) + ($15 x 0.50) = $20
The total fixed costs of the company must be known in order to determine the break-even point in units. Assume that the $100,000 total fixed expenses.
The following formula is used to compute the break-even point in units:
Break-even point (units) = Total fixed costs / Contribution margin (per unit)
= \(\frac{100,000}{2}\) = 5000 units
To figure out how many boxes of Premium Caviar and Goose Foie Gras are required to achieve break-even sales, we must first establish the sales mix. The sales mix we assumed earlier (50:50) can be multiplied by the break-even point in units to produce the following result:
Premium Caviar boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
Goose Foie Gras boxes = (Break-even point (units) x Proportion of sales)
= (5000 x 0.50) = 2500 boxes
The weighted average contribution margin per unit must be divided by the weighted average selling price per unit in order to obtain the weighted average contribution margin ratio.
Weighted-average selling price per unit = (Cost per unit of sale for premium caviar x percentage of premium caviar sales) + (Price per unit of goose foie gras for sale x the percentage of sales of goose foie gras)
= ($50 x 0.50) + ($30 x 0.50) = $40
Weighted-average contribution margin ratio = Weighted-average contribution margin (per unit) / Weighted-average selling price (per unit)
= \(\frac{20}{40}\) = 0.50 or 50%.
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Select the correct text in the passage.
Which sentence demonstrates the use of secondary market research technique?
Keith wants to start a fast-food stall. 1. He interviewed people in the area where he wants to put up his stall. 2. He also gave out questionnaires to
understand people's opinions. 3. He worked out the cost and investment details with the help of the Internet. He is now all set to speak to the
bank to apply for a business loan.
Answer: I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.
Explanation:
Answer:
3. "...with the help of the internet"
Explanation:
In the tutorial it states examples of secondary market research (ex. journals, trade magazines, trade associations, or the Internet"
((Currently doing my final exam, hope all goes well with those taking the final as well))
Jiminy's Cricket Farm issued a 30-year, 6.5 percent semiannual bond 9 years ago. The bond currently sells for 108.5 percent of its face value. The book value of this debt issue is $151 million. In addition, the company has a second debt issue, a zero coupon bond with 13 years left to maturity; the book value of this issue is $97 million, and it sells for 62.4 percent of par. The company’s tax rate is 21 percent.
1) what is the total book value of debt?
2) what is the total market value of debt?
3) what is the after tax cost of the 6.5 percent coupon bond?
4) what is the after tax cost of the zero coupon bond?
5) What is the after tax cost of debt?
Answer:
1 151 million 2 97 million
3 22.785 million 4 20.37 million 5 76.63 million
Which of the following transactions increases owner’s equity? a.Earn revenue b.Receive cash from customers on account c.Pay expenses d.Withdraw money for personal use
Answer:
A. Earn revenue
B. Receive Cash from customers on account
Explanation:
The effects of the transactions mentioned in the question are explained below:
A. Earn Revenue
The revenue earned causes the owner's equity to increase. As will it increase the current assets (accounts receivable for credit based transaction and bank for cash based transactions).
B. Receive Cash from customers on account
When cash is received from customers it results in the increase in the current assets . Giving companies the opportunity to invest more in the business. Therefore, the owner's equity is increased in this case.
C. Pay expenses
When the expenses are paid, the owner's equity falls and simultaneously the current assets fall as the cash available has been decreased.
D. Withdraw money for personal use
The owner's equity when available is used for the purpose of investing in the business, therefore, when cash is withdrawn for personal use the amount available to spend on business has been reduced. Hence, owner's equity has fallen.
Why is it a good idea to pay more than the monthly amount due on an amortized loan?
20
Thomas's job is pretty stressful. He lives in France and his job responsibilities include things like coordinating housing assignments for embassy
workers and handing any disputes between the embassy, those who work for the embassy, and French citizens. Now he is preparing for a meeting
with embassy officials from Germany and Italy. What job does Thomas MOST likely have?
O A.
O C.
O D.
diplomat
ambassador
medium
entrepreneur
Thomas most likely to have the job of a diplomat. A diplomat is also somebody authorized to represent their country in diplomatic relations with another sovereign state.
State the differences between an ambassador and a diplomat.A diplomat is an occupation, whereas an ambassador is a rank or title. A minister of the sending nation's highest level is an ambassador. They live in the receiving country and serve as an official messenger and ambassador for the sending nation.
The highest diplomatic position is that of an ambassador, who has precedence above the accredited by the foreign minister chargés d'affaires. Up until the 1960s, when the final legations were raised to embassies, ambassadors had the superior position above envoys. Every diplomat will be assigned to one of the diplomatic ranks (secretary, counselor, minister, ambassador, envoy, or chargé d'affaires) when serving in a foreign country.
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The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
A) Determine the:
1)NPV
2) IRR (Assume the above mentioned rate is the cut off point)
3) Pi
4) Payback period (expected period t is 3 years)
5) Discount payback period of both project (expected period is 4 years)
B) Make a decision whether to accept or reject the projects as individual project
C) Make a decision for both projects assume they are mutual exclusive type of projects
D) Make a decision for both projects assume they are mutual exclusive type of projects
A) Calculating the financial metrics for the projects:
For project X: Net Present Value (NPV): Discounted Cash Flow (DCF) for project X:
Year 1: Rs 40,000 / (1 + 0.10)^1 = Rs 36,363.64
Year 2: Rs 30,000 / (1 + 0.10)^2 = Rs 24,793.39
Year 3: Rs 50,000 / (1 + 0.10)^3 = Rs 37,190.08
Year 4: Rs 20,000 / (1 + 0.10)^4 = Rs 13,322.31
NPV = Sum of DCF - Initial Cash Outlay
NPV = Rs 36,363.64 + Rs 24,793.39 + Rs 37,190.08 + Rs 13,322.31 - Rs 100,000
NPV = Rs 111,669.42 - Rs 100,000
NPV = Rs 11,669.42
Internal Rate of Return (IRR):
Using the cash inflows and the initial cash outlay, we can calculate the IRR using a financial calculator or Excel. The IRR for project X is approximately 16.26%.
Profitability Index (PI):
PI = (Present Value of Cash Inflows) / (Initial Cash Outlay)
PI = (Rs 36,363.64 + Rs 24,793.39 + Rs 37,190.08 + Rs 13,322.31) / Rs 100,000
PI = Rs 111,669.42 / Rs 100,000
PI = 1.1167
Payback Period:
The payback period is the time it takes for the initial investment to be recovered.
Payback Period = 2 years and 8 months (approximately)
Discounted Payback Period:
To calculate the discounted payback period, we compare the discounted cash inflows to the initial cash outlay.
Discounted Payback Period = 3 years
For project Y:
NPV:
Discounted Cash Flow (DCF) for project Y:
Year 1-7: Rs 12,500 / (1 + 0.12)^1 + Rs 12,500 / (1 + 0.12)^2 + ... + Rs 12,500 / (1 + 0.12)^7 = Rs 69,282.60
NPV = DCF - Initial Cash Outlay
NPV = Rs 69,282.60 - Rs 50,000
NPV = Rs 19,282.60
IRR: The IRR for project Y is approximately 12%.
PI:
PI = (Present Value of Cash Inflows) / (Initial Cash Outlay)
PI = Rs 69,282.60 / Rs 50,000
PI = 1.3857
Payback Period:
The payback period for project Y is 4 years.
Discounted Payback Period:
Discounted Payback Period = 4 years
B) Decision for Individual Projects:
For project X:
NPV is positive (Rs 11,669.42)
IRR (16.26%) is greater than the discount rate (10%)
PI is greater than 1 (1.1167)
Payback period is less than the expected period of 3 years
Discounted payback period is less than the expected period of 4 years
Therefore, project X should be accepted as an individual project.
For project Y
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5. Following are the heads of income of railways during 2019 and 2020 2020 (in crores of Rupees) 2019 ( in crores of Rupees) 26 Coaching Goods 40 Others 4.50 Represent the above data by a bar chart
To represent the given data on the heads of income of railways using a bar chart, can be done by creating a visual representation.
In the chart, you would have three bars representing the income for each category.
The bar for Coaching would be 26 units high in the 2020 column and would align with the corresponding income amount for 2019.
Similarly, the bar for Goods would be 40 units high in the 2020 column and align with the corresponding income amount for 2019.
The bar for Others would be 4.50 units high in the 2020 column and align with the corresponding income amount for 2019.
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QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
a 12. Which of the following statement(s) is correct? (A) Estimation is a step by which one estimates unknown population parameters from sample statistics. (B) An estimate is a numerical value of an estimator. (C) Estimator is any statistic used to determine a population parameter. (D) All of the above. (E) None of the above.
What form of payment is directly tied to a customer's bank account?
O A. Gift certificate
OB. Debit card
OC. Credit card
OD. Cash
Answer:
1. processing a return
2. debit card
3. $22.68
4. cash drop
5. at a cash register
6. check
7. one $10 bills, five $5 bills, twelve $1 bulls, 8 quarters, 6 dimes, 6 nickels, and 10 pennies
8.cash float
9. one $5 bill, one $1 bill, and 4 dimes
10. the customer still owes $0.05
Explanation:
100% on apex
Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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what is the change in total profit of cleaning the fifth driveway if the price Mr. Plow can charge is $10 per driveway
Answer:
Explanation:-1
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
What elements should an ideal CRR plan include?
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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A credit union is different from a bank mainly because
Answer:D:(A cooperative lending institution for a particular group.)
Explanation:
A credit union is different from a bank mainly because it is owned and controlled by its members, who are typically individuals with a common bond, such as belonging to a specific community or organization.
In the context of a credit union, a common bond refers to a shared characteristic or affiliation among its members, such as living in the same community, working for the same employer, or belonging to a specific organization.
This common bond serves as the basis for membership eligibility and participation in the credit union. It fosters a sense of community and cooperation among members, who collectively own and control the credit union.
The common bond principle promotes a more personalized and community-oriented approach to financial services, catering to the specific needs and interests of the members it serves.
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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3.
The initial investment for the project, assuming a 15% required rate of return, was _____.
Net Present Value
Answer:
Explanation:
To calculate the initial investment, we can use the formula for net present value (NPV) as follows:
NPV = present value of cash inflows - present value of initial investment
Given that NPV = $9,000 and the annual cash inflows for each of the three years, we can calculate the present value of cash inflows as follows:
PV of year 1 cash inflow = $21,000 / (1 + 0.15)^1 = $18,260.87
PV of year 2 cash inflow = $24,000 / (1 + 0.15)^2 = $18,137.32
PV of year 3 cash inflow = $27,000 / (1 + 0.15)^3 = $18,008.69
Therefore, the total present value of cash inflows is:
PV of cash inflows = $18,260.87 + $18,137.32 + $18,008.69 = $54,406.88
Now, we can rearrange the NPV formula to solve for the initial investment:
NPV + PV of initial investment = PV of cash inflows
Substituting the given values, we get:
$9,000 + PV of initial investment = $54,406.88
PV of initial investment = $54,406.88 - $9,000
PV of initial investment = $45,406.88
Finally, we can calculate the initial investment by finding the present value of $45,406.88 for 3 years at a 15% required rate of return:
Initial investment = $45,406.88 / (1 + 0.15)^3
Initial investment ≈ $29,508.88
Therefore, the initial investment for the project was approximately $29,508.88.
Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a college degree is $120,000. Her annual income with a college degree will be $14,000 higher than a high school graduate. She is planning to work for 15 years after graduation. How does her ROI on college change if she decides to work for 30 years instead of 15 years
Answer: Increase of 3.2%
Explanation:
Return on Investment (ROI) is the return that Ruby would make over her college degree fees.
It is the internal rate of return that would equate her future earnings to the investment in college fees.
Change in ROI = 11.18% - 7.98
= 3.2%
Increase of 3.2%
Based on what we have learned about shortages and surpluses in a market, which one do you think is more harmful to the overall economy: a shortage or a surplus of a good? Provide a detailed explanation to demonstrate your thinking.
Answer:
A surplus of a good
Explanation:
Although we think that having a lot of something sounds like a good idea that is not always the case. Sometimes its better to have less of an item but therefore sell it for. For example when there was a shortage of hand sanitzer, masks and toilet paper people bought more of it for a higher price because they were afraid not to have enough. A surplus can take up a lot of storage and use up a lot of money. For example if a car manafacturer has a surplus of cars they are just sittinng there taking up space in a lot that needs to be payed for and mantained. I find it is especially bad if there are lot of that item and people are not interested in purchasing it. The company would be losing money because they would be most likely selling it at a lower price. Therefore the economy would be losing money while during a shortage they would be gaining money.
A source document should always do which of the following?
A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording
Answer:
Record the date of transaction
Explanation:
What does this part of the safety manual specifically indicate about workplace safety? Providing proper safety gear is a priority for this business. This company stresses the importance of using tools correctly. This company has set up regular inspection checks for all equipment. Employees receive training on the use of all equipment at this warehouse.
Answer:
b
Explanation:
Answer:
B. This company stresses the importance of using tools correctly.
Explanation:
Happy holidays! Right on ED2021, goodluck!
Which statement is an example of effectively managing diversity
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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Santeria Trading Inc. has manipulated its accounts to inflate its expenditure so it is subject to fewer taxes than it would have to pay
otherwise. Which element of the internal accounting control does Santeria fail to comply with?
OA
policies
OB
monitoring
Oc.
accounting system
OD.
risk assessment
ОЕ.
environmental control
Answer:
environmental control
Explanation:
Control environment refers to the company's attitude towards internal control. In this case, the company is manipulating its accounts on purpose, meaning that the whole attitude is to not follow internal control procedures. Sometimes companies forge financial records for different reasons and several employees and management collude in order to do it. An example is Enron, where even the auditing firm knew about the irregularities in Enron but decided to help them hide them.
Suppose a firm manager has a base salary of $175,000 and earns 0.5 percent of all profits. Determine the manager's income if revenues are $10,000,000 and profits are $5,000,000. A) $150,000 B) $200,000 C) $225,000 D) $300,000
The manager's income is $200,000.
The option (B) is correct.
The expression "income" for the most part alludes to how much cash, property, and different exchanges of significant worth got over a set timeframe in return for administrations or items. There is no single, standard definition: pay is characterized by the setting in which the idea is utilized.
Income includes monetary as well as non-financial upsides of recompenses and perquisites. All pay is available under personal expense except if explicitly excluded.
Given;
Fixed salary = $175,000
Earns 0.5% of all profits
Profit = $5,000,000
Manager income = Fixed salary + 0.005 * Profit
Manager's income = $175,000 + 0.005 * $5,000,000
=> Manager's income = $175,000 + $25000
=> Manager' income = $200,000
Thus, the manager's income is $200,000.
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