Answer:
Business writing and argumentative writing are two different types of writing and have different objectives. Business writing is more focused on informing, persuading, and convincing the audience to take specific actions that benefit the organization. In contrast, argumentative writing is more focused on presenting a claim or position, supporting it with evidence, and persuading the audience to agree with the argument. One key difference between business writing and argumentative writing is the tone and style. Business writing is more formal, concise, and professional, using a straightforward and informative tone. In contrast, argumentative writing can be more emotional, persuasive, and even confrontational, using strong language and persuasive techniques to convince the reader. Another difference is the purpose of the writing. Business writing aims to solve a problem, provide information, or make a recommendation that benefits the organization. Argumentative writing aims to persuade the reader to accept a particular point of view
Assume a merchandising company provides the following information from its master budget for the month of May:
Sales $ 118,000
Cost of goods sold $ 94,000
Selling and administrative expenses $ 28,000
Accounts receivable, May 1st $ 17,000
Accounts receivable, May 31st $ 23,000
If all of the company’s sales are on account, what is the amount of cash collections from customers included in the cash budget for May?
Answer:$129,000
Explanation:
Beginning accounts receivable: $17,000
Ending accounts receivable: $23,000
Increase in accounts receivable: $23,000 - $17,000 = $6,000
Cash collections from customers = Credit sales - Increase in accounts receivable + Beginning accounts receivable
Cash collections from customers = $118,000 - $6,000 + $17,000
Cash collections from customers = $129,000
differentiate between the sourcing decision to make or to buy.(examples)?
The sourcing decision between "make" or "buy" refers to the decision of whether a company should produce a product or service in-house or outsource it from a third-party supplier.
The decision depends on several factors, including cost, quality, capacity, expertise, and strategic goals. Here are some examples of the differences between the two options:
Make:
A company that produces custom-made products may decide to make the product in-house to maintain quality control and ensure that customer specifications are met.
A tech company may choose to develop software internally to protect its intellectual property and keep its competitive advantage.
Buy:
A company that needs raw materials for production may decide to buy them from a supplier to take advantage of economies of scale and lower costs.
A small business may decide to outsource its accounting functions to a third-party provider to save time and reduce overhead costs.
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write an essay about Why is it important to to do intrepreneurship in South Africa?
Answer:
I hope this gives you at least an idea about your essay.
Explanation:
Entrepreneurship is often seen as a solution to many of South Africa's economic challenges, with the potential to create jobs and drive economic growth. However, a lesser-known concept that is equally important is intrapreneurship, which involves cultivating entrepreneurial skills and innovative thinking within an existing organization or company. Intrapreneurship is essential in South Africa because it can help to drive innovation, create new opportunities, and transform traditional businesses in the country.
One of the main reasons why intrapreneurship is important in South Africa is because it can foster innovation. South Africa is a country with a wealth of talent, but often, this talent is not utilized to its full potential. By promoting intrapreneurship, businesses can encourage their employees to think creatively and come up with new ideas that can help the business to grow and compete in the market. This can lead to the creation of new products and services that can benefit the business and society as a whole.
Another important reason why intrapreneurship is important in South Africa is that it can help to create new opportunities. By encouraging employees to take on new challenges and develop new skills, businesses can create new roles and opportunities within the organization. This can help to address issues such as high levels of unemployment and inequality by providing new jobs and career pathways for people in the country.
In addition, intrapreneurship can help to transform traditional businesses in South Africa. Many businesses in the country are facing challenges such as declining revenues and increased competition. By fostering a culture of intrapreneurship, businesses can encourage their employees to think outside of the box and come up with new ways to innovate and improve the business. This can help to transform traditional businesses into modern, agile, and innovative organizations that are better equipped to compete in the global marketplace.
In conclusion, intrapreneurship is an essential concept that can help to drive innovation, create new opportunities, and transform traditional businesses in South Africa. By promoting intrapreneurship, businesses can tap into the wealth of talent in the country and encourage their employees to think creatively and come up with new ideas. This can lead to the creation of new products and services, new jobs, and the growth of the economy as a whole. Therefore, it is crucial for businesses in South Africa to invest in intrapreneurship if they want to remain competitive and succeed in the long run.
What is a common task for a DSS agent?
A.
investigating domestic cybercrime
B.
securing US embassies abroad
C.
ensuring tap water is safe to drink
D.
delivering packages across the world
Answer: B. securing US embassies abroad
Explanation:
A DSS agent, or Diplomatic Security Service agent, is a member of the U.S. Department of State's security and law enforcement arm. Their primary mission is to provide a safe and secure environment for the conduct of U.S. foreign policy. This includes securing U.S. embassies and consulates abroad, protecting diplomats and other high-ranking officials, and conducting investigations related to passport and visa fraud.
Connie and Darran, the EMTs from the Lessons, are working with a patient. He called 911 about chest pains and difficulty breathing, but when the EMTs arrived the patient said he was feeling fine and the pains had passed. What should Connie and Darran do next?
A.
tell the patient to visit a doctor in the next few days for tests if the problems return
B.
measure the patient’s vital signs while driving to the hospital for tests
C.
stay with the patient for a few minutes to monitor him and then leave if he seems fine
D.
provide the patient with medication to prevent a future heart attack
The correct answer is B. Measure the patient's vital signs while driving to the hospital for tests.
Even if the patient is feeling fine at the time the EMTs arrive, chest pain and difficulty breathing are serious symptoms that require medical attention. As such, Connie and Darran should take the patient to the hospital for further tests to determine the cause of his symptoms and ensure that he receives appropriate treatment.While driving to the hospital, Connie and Darran should monitor the patient's vital signs, such as heart rate, blood pressure, and oxygen saturation, to ensure that his condition remains stable. This information can help the hospital staff to diagnose the patient's condition and provide appropriate care upon arrival.Telling the patient to visit a doctor in the next few days or providing medication to prevent a future heart attack would not be appropriate actions in this situation.
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Tanner wants to become a freelance journalist. They have set a mid-term goal of getting an internship at a local media outlet. What is the primary purpose of internships?
A.
giving interns a chance to set goals and achieve milestones
B.
providing school credit for students
C.
paying a living wage to people between jobs
D.
giving interns insight into a job to see job responsibilities and learn skills
Answer: D. giving interns insight into a job to see job responsibilities and learn skills
Explanation:
The primary purpose of internships is to provide interns with practical experience in a professional environment, allowing them to learn about job responsibilities and develop relevant skills. Internships can also help interns build professional networks, gain exposure to different industries, and potentially lead to full-time job opportunities. While internships may sometimes offer school credit or some compensation, their main objective is to facilitate hands-on learning and career development.
Now that business are reopening, those that furloughed employees or in many cases, laid off employees at the start of COVID, are looking to hire back employees and staff up their business. In addition, many employees found other, higher paying work while they were out of work in the service industry. Now many companies are struggling to find employees to fill these lower open positions, which in many cases are lower paid that the new positions their old employees found.
Restaurants Struggle to Fill Vacant Job Openings – McGraw-Hill Introduction to Business
New Unemployment Claims Gradually Begin to Drop – McGraw-Hill Introduction to Business
Requirements:
1. You must post a discussion thread highlighting your thoughts on the topic and addressing the questions below.
Discussion Topics:
1. Why are business struggling to hire employees now that business is starting to return to normal levels?
2. What do you think businesses could do to attract and recruit new employees now that business is starting to increase?
3. What role do factors other than pay play in attracting and motivating employees?
4. What impact does employee turnover have on employee motivation?
Raoul likes almost any type of job, so he’s decided to make his career choices based on which industry is growing. He wants to have lots of job opportunities in the future! Which field should Raoul pursue?
A.
healthcare
B.
education
C.
law
D.
coal Mining
Use the drop-down menus to identify the components of your essay.
Format: ( INFORMATIVE ESSAY )
Topic: ( GLOBALIZATION AND PULLUTION )
Purpose: ( TO EDUCATE )
JUST GOT THEM RIGHT!!! ON EDGE.
the drop-down menus to identify the components of your essay: Format: Informative Essay, Topic: Globalization and Pollution, Purpose: To Educate.
Globalization has brought significant economic and social benefits, but it has also led to increased environmental pollution. As economies around the world become more interconnected, businesses seek to maximize profits by cutting costs, which often involves and can lead to climate change, deforestation, and the loss of biodiversity. It is important to recognize the impact of globalization on the environment and take steps to mitigate its effects. This can include implementing stricter environmental regulations, promoting sustainable practices, and investing in clean energy technologies.By educating ourselves and others on the consequences of pollution and the role of globalization, we can work towards a more sustainable and environmentally friendly future
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100pt will mark brainiest
A portfolio manager’s client invests in a fund with total assets of $14,200,000, total liabilities of $1,500,000, and a total of 50,000 shares outstanding. Calculate the NAVPS for this fund. Answer using complete sentences.
To calculate the NAVPS (Net Asset Value per Share) for this fund, we first need to subtract the total liabilities from the total assets to get the net assets. In this case, the net assets would be $14,200,000 - $1,500,000 = $12,700,000.
Next, we divide the net assets by the number of shares outstanding to get the NAVPS. In this case, the NAVPS would be $12,700,000 / 50,000 shares = $254 per share.Therefore, the NAVPS for this fund is $254 per share. This calculation is important for investors because it represents the value of their investment in the fund. As the value of the assets held in the fund changes over time, the NAVPS will also change, allowing investors to track the performance of their investment.
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Why might using a formal decision-making process make sense for a person trying to choose between a career as a radiology technician and a doctor?
A.
It provides a “plan B” profession in case they don’t succeed in their first choice.
B.
It provides a solid plan for taking graduate-level courses to do either career.
C.
It will help them create short-term and mid-term goals to achieve either long-term goal.
D.
It can help them research the careers and weigh the options to make the best choice for them.
The correct option is D. Using a formal decision-making process can help a person research the careers of a radiology technician and a doctor and weigh the options to make the best choice for them.
Choosing a career is a significant decision that can have a significant impact on a person's life. Using a formal decision-making process can help individuals assess their strengths, interests, and values to determine which career is the best fit for them.By researching both professions, individuals can gain a better understanding of the education and training required, job responsibilities, salary expectations, and job outlook. This information can help individuals weigh the pros and cons of each career and make an informed decision.Using a formal decision-making process can also help individuals create short-term and mid-term goals to achieve their long-term career goals.
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Tarryn wants to become a farmer, but she also wants to able to take vacations every year. Which group of farmers often has difficulty taking vacation, as their work takes place year-round?
A.
cattle farmers
B.
corn farmers
C.
sugar farmers
D.
orchard farmers
Cattle farmers often has difficulty taking vacation, as their work take place year - round.
In cattle farming, two different kinds of animals are raised and managed: one is used for food production, such as milk, while the other is used for labor-intensive tasks, such as digging, irrigation, etc. Milk/dairy animals are those that produce milk. Goats, buffalo, cows, etc. are a few examples. Draught animals are animals that are utilised for labour. Since dairy animals are raised and developed specifically for milk, we must increase milk production to satisfy demand. The lactation period is the time after a calf is born when a cow begins to produce milk.
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Carmelo says " A movie theater charges the same price for a popular movie as it does for an unpopular movie. Obviously, the movie theater doesn't charge more when demand for the movie is higher than when it is lower." Shelby counters by saying, "Movie the alter often call the more popular movies special engagements and do not accept any discount tickets for them. " If Shelby is correct, does her point negate Carmelo's? Explain your answer
Carmelo's statement is about theater charging the same price for popular and unpopular movies, while Shelby's point is about theaters calling popular movies "special engagements" and not accepting discount tickets.
What are movies?Movies, also known as films, are a form of visual storytelling that combine various elements such as acting, cinematography, sound, and special effects to convey a narrative to the audience. Typically, movies are presented in theaters or on various media platforms such as television, streaming services, or DVD. They can be fictional or non-fictional, and range in genres from drama, comedy, romance, action, horror, and more. Movies have the power to entertain, educate, and inspire audiences, and have become a major form of popular culture worldwide. Some movies have even become cultural phenomena, with dedicated fan bases and spin-off merchandise. The art of filmmaking continues to evolve with advances in technology and changing audience tastes.
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Which of these factors is likely to have the greatest influence on purchases by consumers to choose a different option than originally intended? The price of a good or service The price of alternatives or substitutes Their own income Their personal preferences
Answer:
B) The price of alternatives or substitutes.
Explanation:
A factor which is likely to have the greatest influence on purchases by consumers with a limited amount of cash on hand is: B) The price of alternatives or substitutes.
A price can be defined as an amount of money that a customer (consumer) is willing to pay for the purchase of goods and services being offered at a specific period of time.
Generally, the price of goods and services are primarily determined or being set by a seller or service provider.
A substitute product refer to a product that a consumer consider an alternative to another product and as such would offer similar benefits or satisfaction to the consumer at a cheaper price when compared to the other.
In Economics, the price of alternative or substitute products is a factor which is most likely to have the greatest influence on purchases by consumers with a limited amount of cash (money) in his or her possession.
Price of alternatives or substitutes is likely to have the biggest impact on consumers' decisions to make purchases of a different option than they had initially expected.
Similar products that a client may employ for the same purpose are substitute goods. If the product they prefer is offered, your customers might buy it, but they might also look at alternatives if the price, the product's availability, or its quality changes. Products or services that can be utilized in lieu of one another to fulfill a certain requirement or desire of a customer are referred to as substitute goods. To put it another way, they are goods or services that can be used in place of one another since they fulfill the same needs and are therefore seen as interchangeable.
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How are digital communication devices (cell phones, email, and websites) affecting the communication process? Describe both the advantages and the disadvantages of these three devices over traditional communication methods, such as face-to-face conversations, written notes, and phone calls.
Answer:
Digital communication devices such as cell phones, email, and websites have revolutionized the communication process and changed the way we interact with one another. Advantages of digital communication devices include: 1. Speed: Digital communication devices allow for instant communication across vast distances, saving time and increasing efficiency. 2. Convenience: Digital communication devices are portable and can be accessed from anywhere, making it easy for people to stay connected with one another. 3. Cost-effective: Digital communication devices are often cheaper than traditional communication methods, making them accessible to a wider range of people. Disadvantages of digital communication devices include: 1. Lack of personal touch: Digital communication devices lack the personal touch of face-to-face conversations, making it difficult to convey emotions and establish strong connections. 2. Misinterpretation: Digital communication devices can lead to misinterpretation of messages, as tone and context can be lost in translation.
Answer:
Explanation:
Digital communication is the most used way of communication such as cell phone, emails and various websites.there are advantages as well as disadvantages of digital communication. Let's discuss them in detail:
Advantages:
It helps to communicate easily at the long distance.It acts as a mechanism in the meeting or conferences wherein the decision are to be taken immediately.Improves productivity.information is gathered quickly on the finger tips.Disadvantage:
There is high power consumption in digital communication.There are high chances of misunderstanding the concepts in digital communication.As in face-to-face conversation it is avoided and all the clarity is given at once about the work assigned.Hence, many people prefer traditional communication over the digital communication for business decisions.
What are the benefits of having a high credit score?
A.
lowers your monthly rent payments
B.
lets you check off a goal on your academic or career plan
C.
lets lenders know that you pay your debts on time
D.
gives you a better reputation among coworkers
A high credit score provides several benefits, the most significant of which is making it easier to obtain credit at lower interest rates. This means that borrowers with a high credit score can access better loan terms.
Having a high credit score also lets lenders know that you are a responsible borrower who pays their debts on time. This can make it easier to secure loans, credit cards, and other financial products, as lenders are more likely to view you as a low-risk borrower.Additionally, a high credit score can also impact non-financial aspects of your life, such as renting an apartment or even getting a job. Landlords and employers may check your credit score to assess your reliability and trustworthiness.a high credit score is a valuable asset that can help you save money, access credit more easily, and improve your financial and personal reputation. It is important to maintain good credit habits to ensure your credit score remains high.
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Explain six factors that affect goal congruence
Answer:
Goal congruence refers to the alignment of objectives between agents and principals, or between individuals and the organization as a whole[1]. Several factors can affect goal congruence, including external and internal factors[2]. External factors include societal norms of desirable behavior[2]. Internal factors include organizational design, leadership, morale, efficiency, stability, productivity, and effectiveness[2][3][4]. The Nadler-Tushman Congruence Model suggests that individual tasks, skills, knowledge, and work flow can also impact goal congruence[5]. Overall, goal congruence is influenced by a variety of factors, both internal and external, that can impact the alignment of objectives between individuals and the organization.
Why do experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs?
A.
It’s such an easy job that people can do it themselves without hiring an expert.
B.
It is such a difficult and dangerous job that most people will not want to do it.
C.
Robots and other technologies will let fewer surveyors do more work.
D.
Most of the land that can be developed already has been developed.
The correct answer is D.Most of the land that can be developed already has been developed.
The reason why experts predict that the number of surveyor jobs will not increase at as fast a rate as many other jobs is because of option C, robots and other technologies will let fewer surveyors do more work. With advancements in technology, such as drones and GPS surveying equipment, the need for human surveyors is decreasing. These technologies can perform surveying tasks more quickly and accurately than traditional methods, which reduces the need for human surveyors.it’s such an easy job that people can do it themselves without hiring an expert, is not a valid reason as surveying is a specialized profession that requires specific skills and knowledge.it is such a difficult and dangerous job that most people will not want to do it, is also not a valid reason as surveying can be a challenging job, but it is not necessarily dangerous or unappealing.
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Wendy is a university administrator. What task would she MOST likely be expected to perform?
A.
reviewing and approving grade transcripts
B.
developing advertisements for the university
C.
submitting research to academic journals
D.
teaching students directly in the classroom
The correct answer is A. Reviewing and approving grade transcripts. As a administrator, Wendy would likely be responsible for overseeing .
Based on the information given, it is most likely that "she" would be expected to perform task C, submitting research to academic journals. This task suggests that "she" is an academic or researcher who conducts research and writes scholarly articles, which are then submitted to academic journals for publication. This is a common task for individuals who work in academic or research positions. reviewing and approving grade transcripts, would be more likely for someone in a administrative or registrar position at a university, developing advertisements for the university, would be more likely for someone in a marketing or communications role.
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can someone please do this
Comparative Advantage
Colombia has an absolute advantage in motor cycles. Colombia has absolute advantage in speed boats
Japan has comparative advantage in motorcycles, Colombia has comparative advantage in speed boats
How to find the absolute advantageJapan produces 25 million motorbikes and 2.5 million speedboats throughout the same time span as Columbia, which produces 30 million motorcycles and ten million speedboats annually. While producing motorbikes and speedboats gives Columbia an absolute advantage, doing so merely gives it a comparative advantage.
We can observe that Columbia is 1.2 times more skillful than Japan at making motorcycles and is four times more skilled than Japan at making speed boats when we compare how well each of these products are produced in each country. As a result, Columbia can create speed boats at a lower opportunity cost than Japan since they have less to lose by directing more of their resources toward the development of speed boats and less toward other types of vehicles.
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how can you minimize bias in your communication
Answer:
Principles of Preventing Bias. To earn readers' respect and trust and to prevent alienating readers, writers should write in an inclusive and objective manner. ...
Generalization, evidence, self-awareness, objectivity, sensitivity, gender-neutral pronouns, and sensitivity.
Language Policy: People First and Identity First.
Explanation:
(i) Revenue numbers for the next 6 months will be calculated in proportion to the budget. (ii) Expenses for the following 6 months are to be forecasted as follows: Program expenses will be at 150% of the budget (proportionately applied) Fundraising expenses will be in proportion to the budget Administrative expenses will be $75 Please calculate the 6 months forecast figures (NOTE: you are being asked to calculate the 6 month figures ONLY and not the year end forecast). Can you comment on the financial health of the organization based on the 6 months actuals and forecast? If you want to provide your response in excel, you will need to download the attached excel on to your computer, perform the calculations, save your work and UPLOAD the attachment using the button, insert local files. Alternatively, you can copy and paste your response from the excel in the answer section below. FORECAST FOR 6 MONTHS JUL- DEC 2020 Fundraising Revenue: Donations & Sponsorships DESCRIPTION Total Earned Revenue Government Revenue: Grant from Toronto Arts Council Total Government Grants Other Sources of Income: Income from Investments Other Income Program Expenses Total Income from Other Sources TOTAL REVENUE Total Program Expenses Fundraising Expenses Total Fundraising Expenses Administrative Expenses: $15.00 Administration Total Administrative Expenses TOTAL EXPENSES Jan/Deficitl 2020 Approved YTD Actuals Budget (Annual) (1) 500 500 215 215 75 75 790 425 425 150 150 100 100 675 2020 115 6 months) 1.42 (2) 350 350 50 50 28 28 428 275 275 80 80 (For 50 50 405 23 2020 Forecast 6 months) (3) 850 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
It appears that the organisation is in a stable financial position based on the projected numbers for the following six months.
Explain the anticipated sales.The anticipated total revenue is $850, which is significantly more than the $500 budgeted amount for the same period. The proportionate calculation of revenue figures based on the budget is primarily to blame for this. However, since the precise numbers are withheld, it is unclear how much money will come from each source. Program expenses are anticipated to consume 150% of the budget, which raises questions about whether there may have been excessive spending in this area. The proportion of fundraising costs to the budget seems reasonable. $75 is the set amount for administrative costs, which is also reasonable.
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Research the amount of money that banks lose each year due to identity theft hacking counterfiet money qnd other security issues how does this affect the monetary system how does it affect you
Explanation:
According to a report by Juniper Research, global losses from payment card fraud and online banking fraud are expected to reach $130 billion by 2023. This is a significant increase from the $22 billion in losses reported in 2018. In addition, a 2020 study by Javelin Strategy & Research estimated that identity fraud resulted in $16.9 billion in losses in the US alone.
It is important to note that banks typically do not disclose the exact amount of money lost due to security issues such as identity theft, hacking, and counterfeiting. This is because doing so could undermine confidence in the banking system and lead to a loss of customers.
These losses can have significant impacts on the monetary system, as they can reduce the amount of money that banks have available to lend to individuals and businesses. In addition, they can increase the cost of financial services, as banks may need to invest in additional security measures to protect against fraud.
As an individual, the effects of bank losses due to security issues may not be immediately apparent. However, these losses can ultimately impact the availability and cost of credit, which can affect your ability to obtain loans or credit cards. Additionally, banks may pass on the cost of increased security measures to customers in the form of higher fees or interest rates.
Your business depends a lot on gas to transport your goods to stores. The price of oil decreases this will most likely cause the price of your product to_____?
D.Day Enterprise is a merchant dealing in imported goods. The following balances were extracted from the books of the business on 31 December 2014.
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made.
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum.
v. Motor vehicles are to be depreciated by 20% per annum.
Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance
Answer:Account Title Debit ($) Credit ($)
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Total 189,950 189,950
Note: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
Explanation:: The Trial Balance is a statement that lists all the accounts in the ledger along with their debit or credit balances. The total of the debit balances should be equal to the total of the credit balances.
What effect does the length of a loan (Loan Term) have on monthly payments and interest?
The length of a loan (loan term) can have a significant effect on both the monthly payments and the total interest paid on the loan.
Monthly Payments: The longer the loan term, the lower the monthly payment will be. This is because when the loan term is extended, the amount borrowed is spread out over a longer period of time, resulting in smaller monthly payments. For example, a 30-year mortgage loan will have a lower monthly payment than a 15-year mortgage loan, because the payments are spread out over twice as long of a period.
Interest: The longer the loan term, the higher the total interest paid on the loan will be. This is because when the loan term is extended, the borrower will be paying interest on the loan for a longer period of time. For example, a 30-year mortgage loan will have a higher total interest paid than a 15-year mortgage loan, even if the interest rate is the same, because the interest is being paid over twice as long of a period.
Therefore, when choosing a loan term, borrowers need to carefully consider both the monthly payments and the total interest paid over the life of the loan. While a longer loan term may result in lower monthly payments, it can also result in paying more interest over the life of the loan. On the other hand, a shorter loan term may result in higher monthly payments, but it can also result in paying less interest over the life of the loan.
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Successful teams share several characteristics. For example, successful teams___________
a) Address conflict
b)ignore troublesome members
c)compete rather than collaborate
The correct option is a) Address conflict. Successful teams are those that are able to effectively handle conflicts and disagreements that arise within the group.
Conflict is a natural part of any team or group dynamic, and ignoring it or brushing it under the rug can lead to long-term damage and dysfunction within the team. Successful teams are those that are able to identify the source of the conflict, address it directly and respectfully, and work towards a solution that is acceptable to all members. Ignoring troublesome members or competing rather than collaborating are not characteristics of successful teams. Troublesome members can disrupt team dynamics and negatively impact overall performance, so it's important for teams to address any issues and work towards a resolution. Collaboration is essential for successful teams, as it promotes teamwork, communication, and innovation. In summary, successful teams prioritize conflict resolution, collaboration, and effective communication. They are able to work together towards a common goal, handle conflicts in a constructive manner, and respect the opinions and contributions of all team members.
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Consider the following information for Maynor Company, which uses a periodic inventory system:
Transaction Units Unit Cost Total Cost
January1 Beginning Inventory 35 $85 $2,975
March 28 Purchase 45 91 4,095
August 22 Purchase 70 95 6,650
October 14 Purchase 75 101 7,575
Goods Available for Sale 219 $20,508
The company sold 75 units on May 1 and 70 units on October 28.
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
A. FIFO
B. LIFO
C. Weighted Average.
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
How to find the FIFOA. FIFO (First In, First Out)
Under the FIFO method, the first goods purchased are assumed to be the first goods sold. Therefore, for the May 1 sale of 75 units:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
5 units from the March 28 Purchase (5 units * $91 = $455)
65 units from the August 22 Purchase (65 units * $95 = $6,175)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $455 + $6,175 = $13,245
Ending Inventory:5 units from the August 22 Purchase (5 units * $95 = $475)
75 units from the October 14 Purchase (75 units * $101 = $7,575)
Ending Inventory = $475 + $7,575 = $8,050
B. LIFO (Last In, First Out)
Under the LIFO method, the last goods purchased are assumed to be the first goods sold. For the May 1 sale of 75 units, we take:
35 units from the January 1 Beginning Inventory (35 units * $85 = $2,975)
40 units from the March 28 Purchase (40 units * $91 = $3,640)
For the October 28 sale of 70 units, we take:
70 units from the October 14 Purchase (70 units * $101 = $7,070)
Cost of Goods Sold (COGS) = $2,975 + $3,640 + $7,070 = $13,685
Ending Inventory:
5 units from the March 28 Purchase (5 units * $91 = $455)
70 units from the August 22 Purchase (70 units * $95 = $6,650)
5 units from the October 14 Purchase (5 units * $101 = $505)
Ending Inventory = $455 + $6,650 + $505 = $7,610
C. Weighted Average
Under the weighted average method, we calculate the average cost per unit for all goods available for sale.
Total Cost of Goods Available for Sale = $20,508
Total Units Available for Sale = 219
Weighted Average Cost per Unit = $20,508 / 219 = $93.64 (rounded to 2 decimal places)
For the May 1 sale of 75 units:
COGS = 75 units * $93.64 = $7,023
For the October 28 sale of 70 units:
COGS = 70 units * $93.64 = $6,554.80
Total Cost of Goods Sold (COGS) = $7,023 + $6,554.80 = $13,577.80
Ending Inventory = 74 units * $93.64 = $6,930.16
To summarize:
A. FIFO
Ending Inventory: $8,050
Cost of Goods Sold: $13,245
B. LIFO
Ending Inventory: $7,610
Cost of Goods Sold: $13,685
C. Weighted Average
Ending Inventory: $6,930.16
Cost of Goods Sold: $13,577.80
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You took out a business loan on January 1st for 100,000. The loan is a five-year loan and charges an APR of 5%. What was the Interest Expense amount for the month of May of the first year?
Answer: $407.40
Explanation:
To calculate the interest expense for the month of May, we first need to find the monthly interest rate and then apply it to the outstanding loan balance.
Step 1: Convert the annual interest rate (APR) to a monthly interest rate:
APR = 5%
Monthly interest rate = (1 + 0.05)^(1/12) - 1 ≈ 0.4074%
Step 2: Calculate the interest expense for the month of May:
Outstanding loan balance = $100,000 (since no payments have been made yet)
Interest expense for May = $100,000 * 0.004074 ≈ $407.40
The interest expense for the month of May in the first year is approximately $407.40.
The interest expense amount for the month of May in the first year of the loan is approximately $385.43. The calculation is shown in the attached image below.
A loan is a financial arrangement in which one party, typically a financial institution or lender, provides funds to another party, known as the borrower. The borrower agrees to repay the loan amount over time, typically with interest and any additional fees or charges as specified in the loan agreement.
A line of credit is a pre-approved loan amount that a borrower can access as needed. The borrower can withdraw funds up to the specified credit limit and repay the borrowed amount with interest.
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Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT
Answer:
credit entry
Explanation:
The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.
When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.
The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.
The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.