Fixed costs that continue to exist even after a product line is discontinued are called Option C: Unavoidable fixed costs.
Fixed Cost:
Fixed costs are defined as costs that do not change as the quantity of goods produced by a firm increases or decreases. Fixed costs are costs that a company must bear regardless of production volume. Fixed costs are inherently less controllable than variable costs because they do not depend on production factors such as quantity.
Avoidable Fixed Costs
Avoidable fixed costs are costs you aren't needed to dodge. In other words, you'll stay in business if you don’t dodge the cost. However, 000 on flashing the pencils, this is a fixed cost, If the pencil maker spends$ 5. still, it's avoidable because the pencil maker can stop buying advertising and still stay in business (although deals volume may suffer).
Unavoidable Fixed Costs
Unnecessary fixed costs are costs you have to dodge if you want to stay in business. For illustration, the executive costs of running a processing installation are an necessary fixed cost. Interest on term debt on the installation is also an necessary fixed cost.
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19) Which statement BEST describes how Georgia's waterway systems serve as social transportation systems
Georgia's waterway systems, which include ports and rivers, serve as social transportation systems by constructing national infrastructure that supports domestic and international trade, business, and leisure. In recognition of this critical purpose, the federal government has assumed responsibility for the creation, maintenance, and secure operation of shipping channels.
How have the nation's mountain and river systems influenced the development of the United States?
The United States' waterways and mountains, like the rest of the world, have had a significant impact on where people settled and how towns and cities interacted with one another. Because of the relative isolation and shared geography created by mountain ranges, large mountain ranges served as natural barriers between groups, resulting in the development of distinct regional shared cultures. Rivers, on the other hand, linked communities through ease of travel, trade, and shared access to water and other natural resources.
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If a borrower had an interest rate of 5 1/4 percent and refinanced, lowering the interest rate by 3/8 percent, what is the amount of interest after refinancing
D) The interest rate that remained after the refinancing was 4 7/8 percent.
What is the current interest rate?Trends in current national 30-year mortgage rates On January 12, 2023, the average rate for a 30-year fixed mortgage is 6.46 percent, which is a 6 basis point decrease from this time last week. The average 30-year refinance rate for homeowners looking to refinance is 6.50 percent, down 11 basis points in the past week.
What is an example of an interest rate?For instance, if you borrow $100 at a rate of 5%, you will have to repay the lender $105 in full. The lender will turn a profit of $5. Throughout your life, you may develop a variety of interests. The true amount you owe will be determined by the interest rate on each loan.
By borrowing, 5 1/4 = 5 2/8 = 42/8 42/8 - 3/8 = 39/8 = 4 7/8 8/8 comes from 5.
5 2/8 - 3/8 = 4 10/8 - 3/8 = 4 7/8.
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Full Question = If a borrower had an interest rate of 5 1/4 percent and refinanced, lowering the interest rate by 3/8 percent, what is the amount of interest after refinancing?
A) 4 ½ percent
B) 5 percent
C) 4 ¾ percent
D) 4 7/8 percent
Which of the following should you NOT do when attempting to improve communication?
Multiple Choice
a. Occasionally nod in agreement.
b. Close your eyes.
c. Speak in a quiet, reassuring tone.
d. Smile and show animation.
e. Lean toward the speaker.
B. Close your eyes
you are the manager of the marketing department of a large firm. your department was given 3 new computers.
Managing the computer network for a big department store is the position best suited for someone with a major in information technology.
computer technology:
A system and network that employs the hardware, software, services, and auxiliary infrastructure of a computer to manage and distribute information utilising speech, data, and video is referred to as an information technology system, and this definition encompasses a wide range of systems and networks.
Therefore, a profession in information technology may demand extensive use of computers and networks across a broad spectrum of users. Software developers manage databases, hardware engineers create the hardware for the onboard computer of a military aircraft, etc.
Therefore, managing the computer network for a large department store is the position that would be best suitable for someone with a degree in information technology.
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Note: The correct question would be as follow,
Which of these jobs would be most appropriate for someone who majors in information technology? managing a database for a large department store developing 3 new computing technology that will someday improve network speeds managing the computer network for a large department store designing the hardware for a military helicopter's on-board computer.
What is an example of short-term borrowing?
Examples of short-term borrowing include taking out a bank loan, using a credit card, or utilizing a line of credit.
Short-term borrowing is a method of financing that involves borrowing money for a short period of time, typically up to a year.
It is often used to cover operational costs, purchase inventory, or fund other expenses that are expected to be repaid within a relatively short timeframe.
Short-term borrowing can be used to finance investments, cover operational costs, or manage cash flow.
It is typically easier to obtain than long-term financing, as the repayment period is shorter and the lender is taking on less risk. However, short-term borrowing often carries higher interest rates than long-term loans.
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What are the three factors of production explain and provide examples for each?
The three factors of production are land, labor, and capital.
Land refers to natural resources, labor refers to the work done by people, and capital refers to the resources used in production process. Land includes resources such as land, minerals, and water. It is a passive factor of production which is fixed in quantity.
Labor refers to the work done by people. It is active factor of production and it is variable in quantity. It can be increased or decreased depending on the needs of the production process.
Capital refers to the resources used in the production process, such as machinery, equipment, and buildings. It is also a passive factor of production, but it can be increased or decreased by investing or disinvesting in it. Capital enables firms to increase their production capacity.
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Greg and Casie are married and will file a joint return. For 2020, their modified adjusted gross income is $80,000. Their dependent daughter, Katelyn (21), is in her third year at State University. Greg and Casie are not students, and they have no other dependents. They paid $6,300 for Katelyn's tuition during the year. What is the maximum American Opportunity Tax Credit (AOTC) they may be eligible to receive
Greg and Casie paid $6,300 for Katelyn's tuition during the year. The maximum American Opportunity Tax Credit (AOTC) they may be eligible to receive is $2,500.
The American Opportunity Tax Credit is a partially refundable tax credit that was originally introduced in Section 1004 of the American Recovery and Reinvestment Act of 2009. President Barack Obama originally suggested a $4000 credit in exchange for 100 hours of community service to help students and families pay for post-secondary education.
The credit's stated purpose was to "pay two-thirds of the cost of tuition at the average public institution or university and make community college tuition fully free for the vast majority of students." Congressman Chaka Fattah proposed H.R.106, The American Opportunity Tax Credit Act of 2009, on January 6, 2009.
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In 2021, father sheets received $38,500 salary for ministerial services, $2,750 for performing weddings, and $13,750 excluded parsonage allowance (a total of $55,000). He incurred $5,500 of unreimbursed expenses related to his ministerial salary and $1,500 related to the weddings performed as self-employed. Consider that the excluded parsonage allowance will affect the allocation of expenses. How much of these expenses will be deductible for income tax purposes?
Active duty military pay and summer encampment compensation are free from the municipal earned income tax as of January 2016.
What is income, for instance?Income is the money a person or organization receives in return for labor, the creation of an item or service, or the use of capital. While companies make money by selling services or products over their cost of production, individuals often do so through wages or salaries.
Quelles of income: what are they?The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.
To start, calculate Pastor Malachi's non-deductible part of income as follows:
= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings
= 13, 750 / 55, 000 x 1, 500
= $ 375
The unreimbursed expenditure deduction would therefore be as follows:
= Non-deductible percentage of self-employment income
= 1, 500 - 375
= $ 1, 125
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$1,125 of these expenses will be deductible for income tax purposes.
How do you determine the deductible expense for income tax purposes?The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.
To start, calculate Pastor Malachi's non-deductible part of income as follows:
= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings
= 13, 750 / 55, 000 x 1, 500
= $ 375
The unreimbursed expenditure deduction would therefore be as follows:
= Non-deductible percentage of self-employment income
= 1, 500 - 375
= $ 1, 125
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The daily cash count of cash register receipts made by department supervisors is an example of a. other controls b. independent internal verification c. establishment of responsibility d. segregation of duties
Internal independent verification is employed in this circumstance.
What is employed student?
Having a job while attending college full-time as a full-time student is referred to as student employment. At least 12 credits are typically taken each semester by a full-time student. Student employees are those who work while they are students. Any student who works on campus is considered a normal student employee. College students struggle to manage their time between living away from home, attending classes, working a job, and making ends meet. The majority rely on their parents or off-campus part-time jobs. Many colleges are aware of this issue and provide regular student employment—on-campus jobs—to students. When a student isn't in class, the school pays them from their budget to assist them get a job.
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Which term best describes monies spent to minimize the impact that threats and unfavorable conditions have on a business
Money spent to reduce the impact that threats and unfavorable circumstances have on a business is best described by the term "risk management."
Economic activity goes through periods of boom and then fall during business cycles. Both the general welfare of society and the welfare of private enterprises are impacted by these developments. Changes in a broad economic measure, such as Real Gross Domestic Product, are generally examined to determine how business cycles have changed through time. Many macroeconomic indicators have widespread upswings and downswings, which are classic examples of business cycle fluctuations. Each expansion/recession episode's duration and intensity change over time. Usually, their periodicity lasts for two to ten years. As in, their mathematical methodology, which employs a Bayesian statistical paradigm, may really include such flexible knowledge about the frequency of business cycles.
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What is command economy main goal?
The main goal of the command economy is to centralize the decision-making process and allocate resources in an efficient manner. This type of economy is based on a planned economy where the government controls the production, distribution and prices of goods and services.
This type of economic system is typically seen in socialist countries and its primary purpose is to ensure that resources are used in the most efficient and equitable manner possible. The government sets prices, wages, and production levels, which helps ensure that everyone has access to basic goods and services. This type of economy also emphasizes the importance of social justice, meaning that the government tries to ensure that everyone has access to the same basic goods and services, regardless of their economic status.
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You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2020. Koetteritz uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 40 $40 June 4 Purchase 135 43 June 10 Sale 110 70 June 11 Sale return 15 70 June 18 Purchase 55 46 June 18 Purchase return 10 46 June 25 Sale 65 76 June 28 Purchase 35 50 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)
cost of goods sold Available for Sale
Date Description Quantity unit cost Amount
June 01 Beginning inventory 40 40 1600
June 04 Purchase 135 43 5805
June 18 Purchase 55 46 2530
June 18 Purchase return 10 46 460
June 20 Purchase 35 50 1750
Total 255 11225
weighted average cost per unit = [tex]\frac{Cost of goods Available for sale}{Units Available for sale}[/tex] = [tex]\frac{11225}{255} = 44.02[/tex]
Commercial enterprise facts are statistics that hold which means, value, or significance for your business. it'd consist of any reports, spreadsheets, metrics, regulatory reporting, web pages, files, dashboards, and so on that suit the definition of having which means, fee, or importance in your enterprise. Data is a group of records, and at the same time as facts place those records into context. whilst records are raw and unorganized, records are prepared.
The information enables heading off the duplication of research. facts stimulate the concept method of the users, specifically the scholars. the information allows scientists, engineers, pupils, and many others. to get properly knowledgeable about the present-day advancements of their subjects, and to keep them updated.
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Amber paid in taxes to the federal government on her investment. she also paid in taxes to the state government. the real value of the profit amber made is _______.
The answer is $2,000
Amber made a profit of $4,000 from her investment. She paid taxes to both the federal and state government, so let's assume those taxes were 25% combined. That would mean she paid $1,000 in taxes to both the federal and state governments. After subtracting the broker's fee, the real value of the profit Amber made is $2,000.
This means she made $2,000 profit after paying taxes and the broker's fee. This is a great return on her investment and shows the power of investing early and often. Investing is a great way to accumulate wealth over time and with smart investments like this, Amber can continue to reap the rewards of her hard work.
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Answer
$1,900
$475
$7,125
Explanation:
What may be a concern if you have an adjustable rate mortgage ?
Adjustable rate mortgage is subject to change, depending on the market. As a result, you stand to gain from declining rates while simultaneously running the risk of losing when rates rise.
What is an adjustable-rate mortgage?A mortgage loan with an interest rate that is periodically altered based on an index that reflects the cost to the lender of borrowing on the credit markets is known as adjustable rate mortgage. It is also known as variable-rate mortgage, or tracker mortgage. Borrowers who use adjustable rate mortgage run the danger of having to make larger monthly payments once the introductory period is over. The interest rate will then fluctuate at predetermined intervals, typically every year or every six months.The base rate or standard variable rate set by the lender may be used for the loan. Based on market rates at that time, the new rate may be greater than the initial rate.Some pros and cons of adjustable rate mortgage are listed below:-PROS:-
One advantage is that they frequently have cheaper interest rates than fixed-rate mortgages.
A lower rate may allow you to pay more principal each month.
Rates could decrease later
CONS:-
Over time, rates may increase.
Some caps may result in negative amortization.
Your recurring payment may change.
When rates change, you have no idea how your finances will fare.
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What are the 4 elements needed for effective teamwork?
The 4 elements needed for effective teamwork : 1. Communication: Effective communication is essential for successful teamwork.
2. Leadership: A strong leader is necessary for a successful team. A leader can provide direction and motivation, as well as help to resolve conflicts and manage resources.
3. Collaboration: Teamwork is all about collaboration. Team members must be willing to work together, listen to each other’s ideas and opinions, and be open to compromise in order to achieve the best outcome.
4. Trust: A team must have trust in order to be successful. Team members must be able to trust each other to do their best work and to be honest and open with each other. Without trust, it is impossible to build strong relationships and work together effectively.
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How does change affect employees in the workplace?
More than twice as many workers who had recently undergone a change as those who had neither recent nor expected change on the horizon reported having chronic stress.
What do workers do?An employee is a person hired by an employer to do a certain task. In exchange, employees have benefits that contractors do not.
An employee is a person who performs certain tasks for a business in exchange for regular compensation.
A salary and benefit packages, such as vacation time and overtime pay, are frequently agreed upon by both employees and employers.
In contrast to independent contractors, employers take on the financial risk of the enterprise in exchange for more control over the employee's job.
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Deck Co. had 120,000 shares of common stock outstanding at January 1. On July 1, it issued 40,000 additional shares of common stock. Outstanding all year were 10,000 shares of nonconvertible cumulative preferred stock. What is the number of shares that Deck should use to calculate basic earnings per share
The number of shares that Deck should use to calculate basic earnings per share will be 140,000. Hence, option (a) will be considered as correct.
Give a brief account on preferred stock.When a firm pays dividends or distributes assets to shareholders, preferred shares provide their owners a preferential claim. However, they do not have any advantage in terms of corporate governance, and preferred shareholders usually do not have a say in corporate elections. Companies may differ in the specifics of their preferred shareholders' economic preference. In certain instances, the preference merely specifies that any cash available for distributions throughout the year must first be used to pay the promised payments to preferred shareholders before any common dividends can be paid. In other circumstances, the preference is cumulative, requiring that any missing payments to preferred shareholders be made up before common stockholders are permitted to receive anything.
To solve the question :
Number of outstanding common shares :
= (120,000 × 12/12) + (40,000 × 6/12)
= 140,000
Hence, option (a) will be considered correct
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The complete question is mentioned below :
Deck Co. had 120,000 shares of common stock outstanding at January 1. On July 1, it issued 40,000 additional shares of common stock. Outstanding all year were 10,000 shares of nonconvertible cumulative preferred stock. What is the number of shares that Deck should use to calculate basic earnings per share?
a. 140,000
b. 150,000
c. 160,000
d. 170,000
Why does free enterprise create a greater variety of products than a command economy?
Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.
Why does a market economy produce a wider range of goods than a market economy?Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.Companies in a free enterprise system are incentivized to create products that meet consumer needs and wants, creating competition and innovation that drive product variety.In a command economy, the government controls what is produced and does not respond directly to consumer demand, so there is less of an incentive for companies to introduce new products.In a command economy, the government controls the production and distribution of goods and services, and often sets prices and production levels.This limits the number of products that are available and does not allow for competitive forces to drive innovation.The government also has less incentive to produce products that meet consumer demands, so the variety of products available is often limited.To learn more about Free enterprise refer to:
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If the price elasticity of demand for a good is 1.2, then a 3 percent decrease in price results in a
a. 0.4 percent increase in the quantity demanded.
b. 2.5 percent increase in the quantity demanded.
c. 3.6 percent increase in the quantity demanded.
d. 6 percent increase in the quantity demanded.
If the price elasticity of demand for a good is 1.2, then a 3 percent decrease in price results in a 3.6 percent increase in the quantity demanded.
What does means?
Price elasticity is a measure of how sensitive a good or service's demand is to price changes. It is calculated by dividing the percentage change in quantity demanded by the price change. A high price elasticity of demand indicates that the quantity demanded is highly sensitive to price changes, whereas a low price elasticity of demand indicates that the quantity demanded is less sensitive to price changes.
What is Quantity demanded ?
Quantity demanded is an economic term that describes the amount of a good or service that a consumer is willing and able to purchase at a given price. It is the inverse of demand and is a component in the determination of price. In order to determine a product’s market price and understand the relationship between price and demand, it is important to understand the concept of quantity demanded. The quantity demanded is determined by a customer's willingness and ability to purchase a good or service at a certain price. When demand is high, the quantity demanded is high, and when demand is low, the quantity demanded is low.
Therfore the correct option is C. 3.6 percent increase in the quantity demanded.
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3.Marketers at Dare to Dream designs use the ______ method since the communication budget is a fixed percentage of forecasted sales.
That's because the marketing budget is a set percentage of anticipated sales, marketers from Dare to Dream Designs employ the percentage-of-sales strategy.
What is a budget?A budget is a strategy you create to determine how much money you will spend each month. You can ensure you have enough money each month by using a budget. Without the need for a budget, you can run out of funds before the next pay period. A budget reveals your income.
Why is budgeting essential?By controlling your expenditures, you may plan for both immediate and future needs. It's a simple, practical approach for folks with all kinds of costs and income to keep their money in order.
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To make your business messages more readable, you can do which of the following?
O Add footnotes.
O Incorporate numbered and bulleted lists.
O Include a bibliography at the end.
O Eliminate white space.
You can Incorporate numbered and bulleted lists to make your business messages more readable.
In business writing, lists with bullets and numbers make the list items easier for readers to perceive and comprehend. List items that are inserted into paragraphs become muddled in a tangle of words. However, text that does not have a recognized group of elements is easier to understand when it is written in paragraphs as opposed to lists with bullets or numbers. This explanation includes advice that will assist you in determining whether to break up business writing into paragraphs and when to use bulleted or numbered lists. Observe these three actions: In your business writing, give each section a title that contains a term or phrase that best describes each item on the list. Determine whether the section calls for any specific references to the key word or key phrase. Avoid using a numbered or bulleted list for the section if the section's key word or phrase does not call for elements. Put the text in paragraph form.
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What impact did the US mobilization of war have on the US economy?
The US mobilization for World War II led to a dramatic increase in government spending, which stimulated economic growth and helped to end the Great Depression.
How did World War II lead to US mobilization?The war effort led to full employment, as millions of men and women were recruited or drafted into the military and many more were hired to work in factories producing war materials.The US mobilization also led to the expansion of many industries, such as steel, shipbuilding, and aircraft manufacturing.Additionally, the war led to significant changes in the US economy, as many women and minorities entered the workforce for the first time. Overall, the US mobilization for World War II had a major impact on the US economy, transforming it from one that was struggling to one that was booming.To learn more about the US economy from the given link
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TO Security
Question 2 of 15
An international pharmaceutical company is fully compliant with local and
international regulations. However, they suffered a major data breach that
exploited a six-month-old vulnerability. The CIO asked Accenture "How this can
be possible?" How should Accenture respond?
Because the local and international compliance laws conflict.
Because the Security Operations team does not handle compliance issues.
Because compliance to local and international laws does not necessarily enforce security,
Because the security policy documentation was not kept up to date.
I don't know this yet.
Submit answer
Due to the fact that adherence to national and international laws does not always ensure security.
Security is the ability to tolerate potential damage from others by limiting their alternatives. Individuals, social groups, things, organizations, ecosystems, and any other phenomenon or entity that is susceptible to unwelcome change can all benefit from security. Spanish volunteers helped migrants fleeing conflict and instability in Syria and Iraq get to Lesbos Island in 2015. In addition to protecting against hostile forces, security can also mean a number of other things, such as the absence of harm, the presence of a necessary good, resistance to potential harm or injury, hiding, containment, and even a state of mind. The phrase is sometimes used to describe things like activities and buildings.
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Part Two Consider the following three scenarios. Respond to the reflection questions related to each scenario with your suggestions for government action in complete sentences. Scenario 1: The government is currently spending three billion, one hundred million on programs and brings in three billion, five hundred million through taxation. 4. Does this create a budget surplus or deficit? Explain. 5. As a member of Congress, what changes would you suggest to fiscal policy to bal- ance the budget? Explain at least two ways you would use the tools of fiscal policy to balance the budget by recommending an "increase" or "decrease" to each tool in your explanation. 6. What are the benefits and opportunity costs of the changes you propose? Consider the impact on economic growth, price stability, and unemployment.
4) Since the government's receipts ($3.5 billion) exceed its spending, the budget will be in surplus (3.1 bn). If your spending are more than your income, you have a budget deficit.
5) To begin with, you have a budget surplus. As a result, in order to balance the budget, the government must pursue an expansionary fiscal policy (EFP). Fiscal policy's two main instruments are taxes and spending. By implementing EFP, the government can raise spending and cut taxes to balance the budget surplus and boost the economy.
6) Benefits include the creation of more jobs and a significant boost to economic growth as a result of government spending increases that increase aggregate demand. Inflation is one of the opportunity costs since higher expenditure levels tend to be more inflationary.
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Bill Gates has been described as task oriented and diligent. Which key leadership trait does this exemplify
Task-oriented and conscientious have been mentioned as qualities of Bill Gates. This is an example of the leadership quality of determination.
William Henry Gates III is a business tycoon and philanthropist from the United States who was born on October 28, 1955. Along with his late boyhood buddy Paul Allen, he co-founded Microsoft. Bill Gates served as chairman, CEO, president, and chief software architect during his tenure at Microsoft. He also served as the company's largest individual shareholder until May 2014. He played a significant role in the microcomputer revolution of the 1970s and 1980s as an entrepreneur. Seattle is where Gates was born and raised. He and Allen established Microsoft in Albuquerque, New Mexico, in 1975.
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In a typical aggregate supply and demand model, Line Y represents ________, while Line Z represents ________.
In a common model of aggregate supply and demand, Line Y denotes long-term aggregate supply, and Line Z, short-term aggregate supply. A real demand model is linked to sales rather than leads.
To determine how much demand model (in dollars) marketing needs to create, you perform a bottom-up calculation where you start with your projected final income and work your way up the ladder. The total amount of a particular commodity or service that is offered to consumers is known as the supply, and it is a fundamental economic notion. Supply can be defined as the quantity offered at a particular price or, if shown on a graph, the quantity offered over a range of prices. If everything else remains the same, the law of supply states that.
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Suppose that an economy experienced a natural disaster that declined its nominal GDP by 5%. Meanwhile, inflation was 5%. What is the real GDP growth rate for this period
Let's say a natural calamity caused a 5% reduction in a country's nominal GDP. In the interim, inflation was 5%. For this time period, the real GDP growth rate was -10%.
How do you calculate the nominal GDP growth rate?By multiplying the quantity output for the current year by the market price, nominal GDP is calculated. The nominal GDP in the preceding example is $1000 in Year 1 (100 x $10), and it is $2250 in Year 5 (150 x $15).
How do you determine the pace of economic growth?The difference between the most recent year's real GDP and the year before can be used to compute real GDP. Next, multiply this difference by the real GDP of the previous year.
Quantity Change = Nominal Change + Price Change = %. Real GDP growth rate (% change in quantity) hence equals nominal GDP growth rate (% change in quantity) = -5% -5% =-10%.
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Macy's, as described in the case, is what type of retailer? a. category specialist b. full-line discount store c. general merchandise retailer d. specialty store e. extreme value retailer
Macy's, as described in the case is general merchandise retailer type of retailer.so correct option is c.
What does retailer mean?A retailer offers goods and services to the general public directly, either in-person, online, or through a mix of the two. Retailers buy products from producers and wholesalers and resale them to clients for a profit. We can specifically name certain enormous retailers like Wal-Mart, Best Buy, and Target. These are well-known, well-known names. However, even the smallest kiosks at your neighborhood mall are used for retail. Online merchants like Amazon, Netflix, and eBay are prime examples.
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Which of the following would appear as a credit memorandum on the bank statement:
A) service charge
B) NSF check
C) EFT deposit
D) bank correction of an error from recording a $300 check paid as $30
Interest would increase an account and thus would be a credit memorandum.
For which of the following would a bank issue a credit memorandum?Credit memos from a bank are usually in regard that a bank if reversing some sort of transaction in which the bank made a payment it should not have, or the bank may have made a collection upon a note receivable or a certificate of deposit.
Which of the following statements reflects a weak internal control system?The correct answer is option d. A single employee is responsible for the collecting and recording of cash. Sound internal control will not let a single employee handles the responsibility of collecting and recording cash.
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The amount of time spent by an employee in the factory is usually recorded on:
a. Time cards.
b. Job order cost sheets.
c. Employees' earnings records.
d. Clock cards.
Time cards are used to keep track of how much time an employee spends on each task. They are frequently employed so that the business can provide the right amount of compensation for the task for a specific time period.
A time card is a piece of cardboard with the hours worked by an employee for a certain work week written on it. The time an employee starts and ends working is often printed on the card when it is entered into a time clock. The payroll team uses it to determine how many hours an employee will be paid for. Employees record their own hours worked on a timesheet, and the timesheet typically contains extra information, such as the jobs on which a person worked, in contrast to a time card. In job shop operations, when employee hours are invoiced to particular client projects, timesheets are more frequently employed.
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