Answer:
Follows are the solution to the given question:
Explanation:
When they look at the issue in which they start taking the voucher for just a two-night stop at such an accommodation which involves dinner or alcohol degustation, it could be seen as a move to give gratitude to both the supplier but also in breach of the policy and ethics standards established out from the issue. Any other kind of coupon, bribe, and another way of responding to just the supplier's request can be regarded as unethical as it may hinder or affect only judgment, and it also generates a conflict of interest in potential.
If we look at the second law, though, it states that every voucher and voucher earned in support of the role held by the individual belongs to a company, so that the vouchers earned by the manager become owned by the company. Concurrently, the approval of vouchers also questions the honesty or professional integrity of a director.
On consideration of all of the above reasons, the coupon must be rejected by the director or sent to the client because any voucher or coupon was its owner of the employer.
The incentive to improve material well-being by seeking to gain from economic activities is called
1 point
Legal Equality
Marginal Benefit
Open Opportunity
Profit Motive
Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
Which of the following provides a statistical representation of survey data?
O diagram
O table
O graph
O chart
Answer:
it is diagram
Explanation:
The answer is:
table(Trust me)
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Standard hours per unit of output: 7.8 hours
Standard variable overhead rate: $12.55 per hour
Actual hours: 2,900 hours
Actual total variable manufacturing overhead cost: $36,975
Actual output: 200 units
What is the variable overhead efficiency variance for the month?
a. $17,397 U
b. $16,817 U
c. $312 F
d. $17,085 U
Answer:
b. $16,817 U
Explanation:
Calculation for What is the variable overhead efficiency variance for the month
Using this formula
Variable overhead Efficiency Variance= Standard Rate(Actual Hours - Budgeted Hours)
Let plug in the formula
Variable overhead Efficiency Variance= $12.55 per hour[2,900 hours-(7.8 hours*200 units)]
Variable overhead Efficiency Variance= $12.55 per hour*(2,900 hours-1,560 hours)
Variable overhead Efficiency Variance= $12.55 per hour*1,340 hours
Variable overhead Efficiency Variance=$16,817U
Therefore the variable overhead efficiency variance for the month will be $16,817U
ReNew Corporation raises funds to build renewable energy systems by issuing 3-year bonds with a coupon rate of 5% and a face value of $1,800. Assume that the market interest rate for a 3-year bond issued by a firm like ReNew is currently the same as the coupon rate. The price of each of these bonds is , which means that the bonds sell at .
Answer:
$1,800
Explanation:
The price of the bond today is the present value of future cash flows, which are the coupon payments and the face value receivable by bondholders at redemption in 3 years.
When a bond has the same coupon rate as the yield, the bond would sell at par which is the $1,800 par value.
This is further affirmed using the formula below:
bond price=face value/(1+r)^n+annual coupon*(1-(1+r)^-n/r
face value=$1,800
r=yield=5%
n=number of annual coupons in 3 years=3
annual coupon=face value*coupon rate=$1800*5%=$90
bond price=$1800/(1+5%)^3+$90*(1-(1+5%)^-3/5%
bond price=$1800/1.05^3+$90*(1-(1.05)^-3/0.05
bond price=$1800/1.157625+$90*(1-0.863838)/0.05
bond price=$1800/1.157625+$90*0.136162/0.05
bond price=$ 1,554.91 +$ 245.09
bond price=$ 1,800.00
The President of a company that produces an electronic gadget and sells it in a competitive market observed that the demand for the product is represented by a linear equation of the form P = 10 - .2Qd and the supply by P = .2Qs. He asked the Vice President for Marketing what P and Q will be at equilibrium?
Answer and Explanation:
The computation is shown below:
Demand is
P = 10 - 0.2Qd
And
supply is
P = 0.2QS
Now as we know that
Equilibrium would be
Qd = Qs = Q
So
10-0.2Q = 0.2Q
0.4Q = 10
Q = 25 units is the equilibrium quantity
and P = 0.2Q
= 0.2 × 25
= $5 is the equilibrium price
For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900 and Ann Dody $24,000. During the year, drawings were Payne $8,700 and Dody $5,200. Net income was $28,700, and the partners share income equally.
Show the partners' capital statement for the year and show the owners' equity section of the balance sheet at December 31, 2020.
Answer and Explanation:
The preparation of the partner capital statement and the owner equity section is presented below:
Partner capital statement
Particulars N. Payne Ann Dody Total
Beginning
balance $18,900 $24,000 $42,900
Less: Drawings -$8,700 -$5,200 -$13,900
Balance left $10,200 $18,800 $29,000
Add: Net income
share 50% 50% $14,350 $14,350 $28,700
ending balance $24,550 $33,150 $57,700
Now the balance sheet is
Sunland Co,
Partial balance sheet
Dec 31,2020
Owner capital
Partner capital balance $29,000
Add: Net income $28,700
Total owner equity $57,700
13.) An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 6% yields, what yield must municipals offer for the investor to prefer them to corporate bonds
Answer:
the yield that must offer for the investor in order to prefer them is 4.2%
Explanation:
The computation is shown below:
The after tax yield is
= Corporate bond yield × (1 - tax rate)
= 6% × (1 - 0.30)
= 6% × 0.70
= 4.2%
hence, the yield that must offer for the investor in order to prefer them is 4.2%
The same is relevant
At the beginning of 2017, EZ Tech Company's Accounts Receivable balance was $125,000, and the balance in Allowance for Doubtful Accounts was $2,150. EZ Tech's sales in 2017 were $940,000, 80% of which were on credit. Collections on account during the year were $600,000. The company wrote off $4,000 of uncollectible accounts during the year.
Required:
Identify and analyze the sales during 2017.
Answer and Explanation:
Based on the given information, the activity is operating. There is an increase in cash, account receivable and sales
And, the statement is balance sheet and the income statement
So according to the given information, the following these would be identified and analyzed
So the same is to be relevant
Which of the following is NOT a factor in selecting a pricing method?
Auditory preferences
Costs
Competition
Perceived value
Answer:
perceived value
Explanation:
goodluck
Compute 2018 taxable income in each of the following independent situations.
a. Drew and Meg, ages 40 and 41, respectively, are married and file a joint return. In addition to four dependent children, they have AGI of $125,000 and itemized deductions of $27,000.
b. Sybil, age 40, is single and supports her dependent parents, who live with her. Sybil also supports her grandfather, who lives in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000.
c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify as his dependents. He has AGI of $75,000 and itemized deductions of $10,100.
d. Amelia, age 33, is an abandoned spouse and maintains a household for her three dependent children. She has AGI of $58,000 and itemized deductions of $10,650.
e. Dale, age 42, is divorced but maintains the home in which he and his daughter, Jill, live. Jill is single and qualifies as Dale’s dependent. Dale has AGI of $64,000 and itemized deductions of $9,900.
Answer:
a. Drew and Meg are married and filing a married joint return. The standard deduction of a married joint return is $24,400 but it is lower
AGI $125,000
Less: Itemized deduction $27,000
Taxable income $98,000
b. Sybil's filing status is head of household. The Standard deduction for head of household is $18,000 in 2018 which is higher than itemized deductions of $8,000.
AGI $80,000
Less: Itemized deduction $18,000
Taxable income $62,000
c. Scott is a surviving spouse. The standard deduction will be equal to that of married filling joint return which is $24,400
AGI $75,000
Less: Itemized deduction $24,400
Taxable income $50,600
d. Amelia is an abandoned spouse. She can file as head of household. The standard deduction for the year 2018 is $18,000 which is higher than itemized deductions of $10,650.
AGI $58,000
Less: Itemized deduction $18,000
Taxable income $40,000
e. Dale is divorced and filing status is head of household. The standard deduction for the year 2018 is $18,000 which is higher than itemized deductions of $9,900
AGI $64,000
Less: Itemized deduction $18,000
Taxable income $46,000
What is the current value of a $1000 Treasury inflation-protected security if the reference CPI is 203.19 and the current CPI is 205.47? The coupon rate is 3 percent and the bond was issued two years ago.
Answer:
the current value fo $1,000 is $1,011.22
Explanation:
The computation of the current value of $1,000 is shown below:
Current value
= Price × (Current CPI ÷ Reference CPI) × 100
= $1,000 × (205.47 ÷ 203.19)
= $1,011.22
We basically applied the above formula so that the current value would come
Hence, the current value fo $1,000 is $1,011.22
Discussion: Resistance to change is a normal everyday aspect in the workplace. Note what happens to the organizational climate when this resistance occurs and any tactics to reduce negative connotations when dealing with change.
Explanation:
Resistance to change occurs when there is a change in the way operations are carried out in an organization. These changes can be the implementation of new policies and procedures, system, work design, etc.
This situation can cause conflict, insecurities and create a negative organizational environment that hinders the development and productivity of employees. Generally resistance to changes occurs due to the lack of sufficient information that the employee has about the new changes that will happen in the company, which can cause insecurity, fear of losing his job, etc.
For this situation to be avoided, there needs to be a complete explanation of how the changes will occur and why it will be beneficial for the company and the work. It is necessary that the change takes place in an adaptive way, that there is necessary training and availability of information through several channels so that all employees are integrated with the news.
Assume, for Mexico, that the domestic price of oranges without international trade is lower than the world price of oranges. This suggests that, in the production o! oranges:________
a. Mexico has a comparative advantage over other countries and Mexico will export oranges.
b. Mexico has a comparative advantage over other countries and Mexico will import oranges.
c. Other countries have a comparative advantage over Mexico and Mexico will export oranges.
d. Other countries have a comparative advantage over Mexico and Mexico will import oranges.
Answer: Mexico has a comparative advantage over other countries and Mexico will export oranges
Explanation:
Based on the information given in the question, we can see that Mexico has a comparative advantage. This implies that Mexico can produce oranges at a lower opportunity cost when it is compared to other countries.
In this case, since Mexico has a comparative advantage over other countries, it implies that Mexico will export oranges.
Jamestown Furniture Mart, Inc., sold $ 80,000 of furniture in May to customers who used their American Express credit cards. Such sales are subject to a 3 per cent discount by American Express (a nonbank credit card).
Required:
a. Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company.
b. Do the same as requirement (a), but assume the credit cards used were VISA cards (a bank credit card).
Answer:
a. Debit Bank for $77,600; Debit Sales discount for $2.400; and Credit Sales for $80,000.
a. Debit Bank for $80,000; and Credit Sales for $80,000.
Explanation:
a. Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company.
The journal entry will look as follows:
Accounts Title Debit ($) Credit ($)
Bank (97% * 80,000) 77,600
Sales discount (3% * 80,000) 2.400
Sales 80,000
(To record sales paid for by the customer using American Express credit cards.)
b. Do the same as requirement (a), but assume the credit cards used were VISA cards (a bank credit card).
Under this scenario, the sales are NOT subject to discount and the customer will 100% of the price.
The journal entry will therefore look as follows:
Accounts Title Debit ($) Credit ($)
Bank 80,000
Sales 80,000
(To record sales paid for by the customer using VISA cards.)
If the current exchange rate of the Mexican peso and the Brazilian real is 0.20 real per peso, and the equilibrium exchange rate is 0.18 real per peso, which of the following describes the foreign exchange market for the Mexican peso?
a) There is a shortage of pesos and the peso will appreciate.
b) There is a shortage of pesos and the peso will depreciate.
c) There is a surplus of pesos and the peso will appreciate.
d) There is a surplus of pesos and the peso will depreciate.
e) There is a surplus of pesos and the real will depreciate.
Answer:
A
Explanation:
Exchange rate is the rate at which 1 unit of the base currency is exchanged for the foreign currency.
the equilibrium exchange rate is 0.18 real per peso. Thus the current exchange rate is selling at a higher rate than what is indicated by the equilibrium exchange rate .
This means that the peso (base currency) is buying more unit of the real (foreign currency) at the current exchange rate.
This means there is a shortage of the Pesos. The demand for Pesos exceeds it supply, thus exchange rate would rise. When there is a shortage, value of the currency rises
The exchange rate is the rate is currencies for a single unit in the context of its value when exchanged against the foreign currency. It is used to convert domestic currency into foreign currency.
The statement describing the foreign exchange market for the Mexican peso is correct in option A) There is a shortage of pesos and the peso will appreciate.
In the given case the exchange rate is 0.18 real per peso this shows that the present or the current exchange rate is selling at a higher rate as compared to the indicated equilibrium exchange rate.
It can be concluded that the peso which is the base currency is buying more units at the current exchange rate of foreign currency. This shows the shortage of Pesos.
The shortage occurred due to excess demand over the supply of Pesos that will raise the exchange rate.
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When a firm shifts from transactional selling to a value-added and relationship approach, a number of changes have to take place in the way a salesperson approaches customer as well as his or her own job. List as many of these changes as you can and explain why each is important to making value-added selling work. Minimus words 100 and please provide source of information
Answer:
When a firm shifts from transactional to value-added and relationship approach of selling the following changes takes place in the way the salesperson approaches he customer and their job:
Whilst the objective the transactional approach is to make a sale, the relational approach is to build trust. When a customer trusts their sales person, it means they hold the sales person to put their interests first or at least take care of their interests whilst taking care of their too. The relational approach is more focused on retaining existing customers than making new ones. This is the obverse of a transactional relationship. It is said that it costs about 5 times extra to get a new client than what it takes to keep one. Thus the smart company focuses on honing this skill until they are better off for it. in a transactional approach, the nature of the relationship is relatively short, whilst it is stronger and longer in a relational approach. A Relational approach to selling can sometimes occur in the grey line between personal and official relationships.In a relationship-based approach to selling, the firm focuses on adding value in the primary areas of concern for the client as well as other areas. For example, a client - the CEO of a start-up requires recruitment, onboarding, and standard operating procedure as services from a HR firm. As a relational HR person, the best way to proceed would be to give him exactly what he wants and stil go ahead to add more value in other areas by giving templates of letter of appointment to the client.Cheers!
Pre-Fab purchased some machinery two years ago for $337,600. These assets are classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. The company is currently replacing this equipment with newer models at a cost of $528,000. The old equipment is being sold for $149,000. What is the aftertax salvage value from this sale if the tax rate is 35 percent
Answer:
$153,566.80
Explanation:
Book value of old machine = Machinery Cost*(1 - Accumulated depreciation)
Book value of old machine = $337,600*(1 - 0.20 - 0.32)
Book value of old machine = $337,600*0.48
Book value of old machine = $162,048
Loss on sale = Sale value - Book value
Loss on sale = $149,000 - $162,048
Loss on sale = -$13,048
Tax saving due to loss (cash inflow) = $13,048 * 0.35
Tax saving due to loss (cash inflow) = $4,566.80
Total cash inflow = $4,566.8 + $149,000
Total cash inflow = $153,566.80
Therefore, the after-tax salvage value from this sale is $153,566.80.
When a product price increases, why does the substitution effect encourage a consumer to buy less of a product?
a) It works because other products are now relatively more expensive than they were before.
b) It works because the product is now relatively more expensive than it was before.
c) It works because when the price of one good increases, the consumer’s income effectively increases.
d) It works because the real income of the consumer has been increased.
When a product price increases, the substitution effect encourages a consumer to buy less of a product because the product is now relatively more expensive than it was before. Thus the correct option is B.
What is a product?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
When a product's price increases, consumers may transfer to less expensive alternatives, which results in a decline in sales known as the substitution effect.
The substitution effect encourages a consumer to purchase less of a product when the price of the product increases since the product is now comparatively more costly than it was before.
Therefore, option B is appropriate.
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Coronado Industries had the following accounts and balances:
Accounts payable $31400 Equipment $34900
Accounts receivable 4550 Land 34100
Buildings ? Unearned service revenue 10100
Cash 15250
Total stockholders' equity ?
If the balance of the Buildings account was $70200 and $5300 of Accounts Payable were paid in cash, what would be the balance of the total stockholders' equity?
Answer:
15250
Explanation:
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Answer:
1637
Explanation:
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Justin is taking a class in which he is working on his future career goals. His teacher asked him to write an essay answering questions about his ideal future. Justin wrote this: "In five years, I will be 22 years old. I will have graduated with my bachelor’s degree. I will hopefully be living in Colorado, where I will have a job as a computer analyst. I am hoping that I will be near my family members, who also live in Colorado. I plan to be debt-free and regularly putting money into my savings account.” Which of these statements best provides new, additional information about Justin's future goals? I highly value my current talent for analyzing data with computer software. I would like to be training to run a marathon benefiting cancer research. I have been running on a cross country team since I was a freshman. I used to want to live in New York.
Answer:
answer b
Explanation:
I would like to be training to run a marathon benefiting cancer research.
What is a marathon?The marathon is a long-distance foot race that typically takes place on roads but can also be completed on trail routes. Its distance is 42.195 kilometers. You can run the marathon or use a run/walk method to finish it. There are several categories for wheelchairs. There are more than 800 marathons organized annually throughout the world, and while larger marathons can draw tens of thousands of competitors, the vast majority of those running them are recreational athletes. In 1896, the marathon was one of the first modern Olympic competitions. Before 1921, the distance was not standardized. The 1983-starting World Athletics Championships also feature the distance. It is the sole running road race that is a part of both championship events.
Around 490 BC, when the Persians were invading Greece, the marathon first appeared. The most well-known version describes Pheidippides, a Greek messenger tasked with telling the Athenians of the Greeks' victory over the Persians at the Battle of Marathon. Pheidippides went off on foot and ran nonstop because he thought the assignment was vital. He stormed into the government meeting at the city's gates, declared the Greek victory, then collapsed on the ground and passed away from weariness.
It's difficult, especially for novices, to run a marathon. But why does it seem to be so popular these days even if not everyone finds it appealing? There are many other reasons why people choose to participate in marathons, but these are just a few:
Raise awareness of and funds for causes; Put your own endurance to the test;Maintaining a healthy lifestyle and being in shape so we can continue to run;Running erratically and letting tension go strengthens friendships and solidarity. During the runs, encouragement is provided.Before beginning a marathon voyage, however, one should start off slowly and patiently, and training is essential to prepare for this drawn-out yet incredibly gratifying adventure.
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__ management involves formulating policies and using procedures to maintain the stock of goods.
Answer:
Inventory
Explanation:
In financial accounting, the term described in the question is called Inventory management. This stock being talked about also includes stock of raw materials, the components of these raw materials as well as the finished products. In addition to that, also inventory of the products being put in a warehouse and also the ones that are transported out.
When making replacement decisions, the development of relevant cash flows is complicated when compared to expansion decisions.
a. True
b. False
Answer: True
Explanation:
Decision regarding an asset replacement is usually based on both the internal rate of return and the net present value of the incremental cash flows.
Therefore, it should be noted that this brings about the complications when comparing the development of relevant cash flows to the expansion decisions.
Activity
After graduating from college, Susan decides to live with her parents for a year. She decides to live at home so that she could build up her savings
before renting a place on her own or with a roommate. She will pay her parents $500 per month to contribute to rent, laundry, cable, and food.
She earns $2500 every month after taxes and deductions for social security and insurance. She has a car payment of $300 per month, $150 for car
insurance, $500 for her student loans, and $100 for her cell phone. Her father convinces her to start saving for retirement at $50 per month.
Susan is fond of shopping and when she is out with her friends, they usually make a day of it. They usually dine out. She spends about $500 per
month on shopping and another $400 on dining out. When Susan takes sandwiches to work for lunch on those last few days before her next
paycheck, she wonders where all the money goes and why she doesn't seem to be able to save for her own place.
Use any online budgeting tool to record Susan's expenses and find out what can she do to save money for her place.
Answer: After graduating from college, Susan decides to live with her parents for a year. She decides to live at home so that she could build up her savings
before renting a place on her own or with a roommate. She will pay her parents $500 per month to contribute to rent, laundry, cable, and food.
She earns $2500 every month after taxes and deductions for social security and insurance. She has a car payment of $300 per month, $150 for car
insurance, $500 for her student loans, and $100 for her cell phone. Her father convinces her to start saving for retirement at $50 per month.
Susan is fond of shopping and when she is out with her friends, they usually make a day of it. They usually dine out. She spends about $500 per
month on shopping and another $400 on dining out. When Susan takes sandwiches to work for lunch on those last few days before her next
paycheck, she wonders where all the money goes and why she doesn't seem to be able to save for her own place.
Use any online budgeting tool to record Susan's expenses and find out what can she do to save money for her place.
Assess each of the "Post Marketing Concept Approaches" from the eText with regard to their suitability to individual competitive strategies. As an example, determine the marketing concept appropriate for cost leadership strategy and make the arguments in support of your perspectives.
Answer:
The marketing concept that is most suitable to Cost Leadership Strategy is the Production Concept.
The production concept of marketing places a strong emphasis on operations and how it can be constantly fine-tuned to deliver the required products as and when required at the quantity required and at the lowest cost possible. Minimal costs is crucial here because the market being played by the entrepreneur or the business is a growing one, most concerned about product availability and low prices than on quality.
So in order to come out on top as the leader with the lowest production cost, the business must invest in processes that help them do just that.
In this market, the quality is approximately standard across board. This means people worry less about quality and are focused on getting the same quality at the lowest price possible. In a perfect market, people who do large purchases will gravitate to the business with the lowest price even if the difference in the price of that of other producers are only a small margin.
Explanation:
The product concept marketing approach focuses on delivering the most exquisite product in the market. This an example of a company/companies in the mobile telecommunications market that do this are: Apple and Samsung.
In business, the trade-offs are usually between quality, cost and time.
It speaks to the fact that the higher the quality, the higher the cost. This Product concept as a marketing strategy rests on the premise that there are enough potential customer for the product and that existing ones are too loyal to shift their focus because of the added cost required for their products;
The selling concept: the premise for this concept derives from the assumption that the degree to which people purchase a product is directly proportional to the intensity of selling efforts. A company that adopts this concept will most likely have a very huge advertising budget and a large sales team/outlets.
The Marketing Concept: This concept takes root in the notion that for a business to succeed, it must outdo its rivals with regard to value delivery. Companies that adopt this approach seem to combine all the other concepts into one holistic marketing strategy because the focus is on gaining the most competitive advantage.
The Societal Marketing Concept:
As consumers grew more aware of the impacts of business activities on the environment and society, buying decisions started to be influenced by whether or not the company was being ethical. Ethical issues under consideration were:
a) does the production process of the company impact the environment negatively?
b) is the company involved in any social development project?
c) are there any illegal and or unethical issues on their supply chain? such as child labor, illegal acquisition of raw material, human trafficking etc.
Several global brands in the clothing business for instance, have recently been put in the spotlight for tolerating child slavery in one of the countries of origin for their raw material. This modern-day concept has become very important for most if not all multinational companies.
Cheers
Define behavioral Economics and explain why it is different from traditional economics.
Answer:
Behavioral economics differs from traditional economics by incorporating insights from psychology. ... Behavioral economics assumes that the context in which a decision is made has an enormous effect on the decision or preference.
Hope this helps, have a wonderful day/night, and stay safe!
Discuss three typical categories of performance measurement that are commonly used for evaluation in the scorecard.
Answer:
The four dimensions of performance that are considered in a balanced scorecard are financial, customer, internal process, and learning and growth.A balanced scorecard will include qualitative and quantitative measures.Stakeholders cannot include stockholders.Explanation:
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Equivalent units for the molding department totaled 18,600 during January for conversion costs. Fifteen thousand units were transferred out to the finishing department. If the items remaining in ending inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are in ending inventory?
Answer:
9,000 units
Explanation:
The 15,000 units transferred to the finishing department were 100% complete with respect to material and conversion cost. The balance 18,600 - 15,000 = 3,600 equivalent units are there at the ending inventory with respect to conversion cost. The ending inventory is 40% complete with respect to conversion cost. These equivalent units have been calculated as below:
=> Physical units in ending inventory * Degree of completion with respect to conversion cost = Equivalent units
Physical units * 40% = 3,600
Physical units = 3,600 / 40%
Physical units = 9,000 units
So, the Physical units in ending inventory is 9,000 units
Trade sanctions were often enacted as expressions of U.S. revulsion against nations for their internal practices, such as human rights abuses or poor labor or environmental standards.
a) true
b) false
Answer: True
Explanation:
As the proverbial 'Global policeman', the U.S. enacts sanctions on countries that it believes are acting in a way that is not beneficial to her own people or the plant at large.
This includes human rights abuses, poor labor standards and environmental standards amongst others. These sanctions are meant to hurt the sanctioned country so that they right their wrongs. Countries such as Burma are under trade sanctions due to their poor human rights record in dealing with Rohingya Muslims.
The statement is true that trade sanctions were often enacted as expressions of U.S. revulsion against nations for their internal practices, such as human rights abuses or poor labor or environmental standards.
What are trade sanctions?Trade sanctions are used as a tool for a penalty in order to restrict one nation's actions. It is initiated by the US when it started to protect its domestic market from abuse of foreign markets.
Therefore, it is also imposed to make a country act to certain international standards in different aspects for ensuring right and wrong activities in all nations.
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Imagine yourself as an interviewer. What 5 qualities would you look for in
an applicant? Rank them from 1-5 (1 being the most important) and explain
why you ranked them that
way.
As an interviewer, I would want my applicant to be determined to finish their jobs and be incredibly precise on their work. I'd want them to feel like they can do it, KNOW that they can do it. That's what makes a good employee.
2. Hard WorkingI would want my employees to be hard at work, or even myself hard at work. I want them to try their hardest, try as good as they can. Attempt to perfect the mistakes that you had in the past, try and make a new future for yourself. Work hard.
3. EnthusiasmEnthusiasm is, surprisingly, an important part in choosing an applicant for a job. You want them to be enthusiastic about what they're doing, try and not let them be over-stressed by the work that's being put on them.
4. FriendlinessIf I were hiring someone, I'd want them to be friendly. Not a mean old grump, more of a "Hey, good morning' fella!" type of guy. It's better to make a friendly atmosphere around the office that everyone can enjoy rather than a tight atmosphere, introvertly unable to talk.
5. ChillI'd want a relaxed atmosphere, like stated in no. 4. A pal that sits back and chills during break, laid back and easy going. Easy to start a conversation with.
The board of directors of Chestnut Inc. approved a restructuring plan on November 1, Year 1. On December 1, Year 1, Chestnut publicly announced its plan to close a manufacturing division in New Jersey and move it to China, and the company's New Jersey employees were notified that their jobs would be eliminated. Also on December 1, Year 1, to ensure an orderly transition, management promised a termination bonus of $10,000 to any employee who remains with the company until his or her position is terminated in the fourth quarter of Year 2. Chestnut estimates it will pay termination bonuses to 120 employees at the end of Year 2, for a total of $1,200,000. The present value of the estimated termination bonus is $1,000,000.
Required:
Determine the provision that should be recognized for Chestnut's restructuring plan. Identify the dates on which journal entries should be made and the amounts to be recorded.
Answer:
Company by informing employees about termination is creating constructive obligation. Company should therefore provide for restructuring costs calculated as PV of estimated termination bonus which is based on number of employees would accept the offers. The provision for expenses should be recognized on December 1 of year 1
Journal entry to record provision for restructuring costs
Date General Journal Debit Credit
01/Dec/Year 1 Restructuring expenses $1,000,000
Provision for termination of benefits $1,000,000
(To record provision for restructuring costs)