Answer: Train managers to use the appraisal process.
Explanation:
An appraisal system is a reward system, which sets to evaluate the progress of staff, and either promote them or demote them based on their performance. It is important to consider avoiding sentiment when doing this, as it would ruin the effots of the staff and affect work flow. It is advisable that managers should stick to the appraisal methods, and avoid any form of bias that may set in, the best way would be to train managers before appraisal, and carry out a test on them, to know their sense of judgement.
Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage: (a) 10 years, (b) 8 years, (c) 25 years, (d) 40 years, (e) 5 years, (f) 4 years, (g) 20 years. If required, round your answers to one decimal place. Years Percentage a. 10 years fill in the blank 1 % b. 8 years fill in the blank 2 % c. 25 years fill in the blank 3 % d. 40 years
Answer:
Conversion of Estimates of Useful Life to Straight-line Depreciation Rate:
Useful Life Straight-line
Depreciation Rate
(a) 10 years 10%
(b) 8 years 12.5%
(c) 25 years 4%
(d) 40 years 2.5%
(e) 5 years 20%
(f) 4 years 25%
(g) 20 years 5%
Explanation:
a) Data and Calculations:
Straight-line
Useful Life Depreciation Rate Conversion
(a) 10 years 10% 100/10
(b) 8 years 12.5% 100/8
(c) 25 years 4% 100/25
(d) 40 years 2.5% 100/40
(e) 5 years 20% 100/5
(f) 4 years 25% 100/4
(g) 20 years 5% 100/20
In the reconciliation of the June bank statement, a deposit made on June 30 did not appear on the June bank statement. In preparing the bank reconciliation, this deposit in transit should be
a. subtracted from the unadjusted book balance.
b. added to the unadjusted bank balance.
c. subtracted from the unadjusted bank balance.
d. added to the unadjusted book balance.
Answer:
b. added to the unadjusted bank balance.
Explanation:
in the given case since the deposit is made as on June 30 and does not appear in the bank statement so while preparing the bank reconciliation the deposit in transit should be added to the non-adjusted bank balance as the bank did not received these deposits yet
But in the case of the company it already received it
hence, the correct option is b.
Suppose US$1 = €0.7809 in New York and US$1 = €0.7793 in Paris. How can foreign exchange traders profit from these exchange rates? What actions can they take that may result in the same dollar/euro exchange rate in both New York and Paris? Please limit your response to one or two reasonably-sized paragraphs.
Answer:
If a Dollar is worth $ 0.7809 Euros in New York, and $ 0.7793 Euros in Paris, the way in which foreign exchange traders could obtain an economic profit through this difference would be by buying Euros in Paris, and selling them again in New York. Thus, they would obtain $ 0.016 of profit for each Euro traded in the market, with which, for example, if $ 1,000,000 of Euros were traded, a total profit of $ 16,000 would be obtained. In turn, trading the same amount in both Paris and New York, traders would not make any profit, equating both exchange rates.
There is a zero coupon bond that sells for $4,550.90 and has a par value of $10,000. If the bond has 18 years to maturity, what is the yield to maturity'? Assume semiannual compounding.
A. 4.47%
B. 4.27%
C. 4.31%
D. 4.24%
E. 4.42%
Answer:
E. 4.42%
Explanation:
Calculation for the yield to maturity
First step is to calculate the Current price using this formula
The Current price=Par value/(1+yield to maturity/2)^(2*Time period)
$4,550.90=$10,000/(1+yield to maturity/2)^(2*18)
(1+yield to maturity/2)^36=($10,000/$4,550.90)
1+yield to maturity/2=($10,000/$4,550.90)^(1/36)
Now let calculate the yield to maturity
Yield to maturity/2=1.0221092-1
Yield to maturity=0.0221092*2
Yield to maturity=0.0442*100
Yield to maturity=4.42%
Therefore the Yield to maturity will be 4.42%
- How would demand have to change for a price change to be unitary elastic?
Answer:
The percentage change in quantity demanded is exactly equal to the percentage change in price. The percentage change in quantity demanded is exactly equal to the percentage change in price.
Nervous Norman holds 70% of his assets in cash, earning 0%, and 30% of his assets in an insured savings account, earning 2%. The expected return on his portfolio Group of answer choices is 1%. cannot be determined without knowing what the dollar value of his assets is. is 2%. is 0.6% is 0%.
Answer: 0.6%
Explanation:
The expected return is a weighted average of the returns of the assets invested in.
70% is invested in cash which earns 0%
30% is in a savings account earning 2%
Expected return = (70% * 0%) + (30% * 2%)
= 0% + 0.6%
= 0.6%
If
you are
using $50 to buy your groceries, which function of money is
this?
Answer:
Medium of Exchange
Explanation:
A medium of exchange is an instrument used as an intermediary to facilitate the exchange of goods and services. A good medium of exchange must give a fair valuation of the items being traded. Money is a widely accepted medium of exchange.
Almost all items in a market have a monetary value attached to them. A Buyer or seller would easily know the amount of money needed to trade an item. The $50 is being used as a medium of exchange for the purchase of groceries. The seller accepts the money if they agree with the buyer on the quantity of groceries worth $50.
principals of manegment
Answer:
The answer is "Option d".
Explanation:
The management team consists of the coordination of any resources in the preparation, organization, analysis, and administration of the project to reach specific goals.
It is how something will be handled, treated intently, monitored, or managed by a company or group. Managers work as planners, supervisors, and managers thru the four roles, administrators, which focus on making their staff, processes, projects, and companies more efficient and effective in all fields.Widmer Company had gross wages of $301,000 during the week ended June 17. The amount of wages subject to social security tax was $270,900, while the amount of wages subject to federal and state unemployment taxes was $38,000. Tax rates are as follows:
Social security 6.0%
Medicare 1.5%
State unemployment 5.4%
Federal unemployment 0.8%
The total amount withheld from employee wages for federal taxes was $60,200.
If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places.
a. Journalize the entry to record the payroll for the week of June 17.
June 7
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.
June 7
Answer:
Widmer Company
a. Journal Entry:
Debit Payroll Expense $301,000
Credit Payroll Payable $218,728.50
Credit Payroll Tax Payable $82,271.50
To record the payroll for Week June 17.
b. Journal Entry to record payroll tax expense
Debit Payroll Tax Payable $82,271.50
Credit Cash $82,271.50
To record the payroll tax expense incurred for Week June 17.
Explanation:
a) Data and Calculations:
Gross wages = $301,000
Period = Week ended June 17
Wages subject to social security tax = $270,900
Social security tax rate = 6%
Social security tax = 6% of $270,900 = $16,254
Medicare tax rate = 1.15%
Medicare tax = 1.15% of $301,000 = $3,461.50
State unemployment rate = 5.4%
Federal unemployment rate = 0.8%
Wages subject to federal and state unemployment taxes = $38,000
State unemployment tax = 5.4% of $38,000 = $2,052
Federal unemployment tax = 0.8% of $38,000 = $304
Federal tax withheld = $60,200
Gross wages = $301,000
Social security tax = $16,254
Medicare tax = $3,461.50
State unemployment tax = $2,052
Federal unemployment tax = $304
Federal tax withheld = $60,200
Total tax and deductions = $82,271.50
Net pay = $218,728.50
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from any firm in the country is called:
a. a counterpurchase.
b. an offset.
c. switch trading.
d. spot trading. barter.
Answer:
B)an offset.
Explanation:
If rent receivable decreases during the period, cash received from renters is _____ rent revenue reported on the income statement.
Answer:
Greater than
Explanation:
In the case when the rent receivable i.e. current asset decreased during the period and the cash received from renters would be more than the rent revenue i.e. reported on the income statement
This condition would be adverse in that case when the rent receivable increased and the cash received would be less than the rent revenue
Here cash received could be computed by deducting an increase or adding a decrease
Kenji has had an illness and an accident during the year. His combined out-of-pocket expense for both incidents was $1,000. The insurance company will now start to pay some of his medical expenses. What does the $1,000 represent?
a. Participation (co-insurance)
b. Deductible
c. Coordination of benefits
d. Intemal limits
Answer:
b. Deductible
Explanation:
Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.
So this $1,000 represent the deductible
hence, the correct option is b.
And the other options are wrong
Therefore the same is to be considered
If there is a high supply for a product, then production would be _____.
decreased
increased
the same
none of the above
Answer:
the same i think is this correct
Answer:
increased
Explanation:
edg
First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000 Reserves (Cash) $175,000 Checkable Deposits $250,000 Loans $125,000 Second National Bank Assets Liabilities and Net Worth US Treasury Bonds $100,000 Net Worth $250,000 Reserves (Cash) $250,000 Checkable Deposits $100,000 Third National Bank Assets Liabilities and Net Worth US Treasury Bonds $900,000 Net Worth $1,000,000 Reserves (Cash) $350,000 Checkable Deposits $500,000 Loans $250,000
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $_____________ in new loans?
Answer:
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $___3,400,000____ in new loans.
Explanation:
a) Data and Calculations:
Required Reserve Ratio (RRR) = 25%
Checkable Deposits:
First National Bank $250,000
Second National Bank 100,000
Third National Bank 500,000
Total of Checkable Deposits = $850,000
Money Supply = Total Checkable Deposits/Required Reserve Ratio
= $850,000/25%
= $3,400,000
b) The computation of the total Money Supply is based on the stated assumption that "all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers)."
Gibson Valves produces cast bronze valves on an assembly line, currently producing 2000 valves per shift. If the production changes to 1600 valves per shift, labor productivity will change by:
Answer:
25%
Explanation:
Calculation for the change in labor productivity
Using this formula
Change in labor Productivity = (New Productivity - Old Productivity)/Old Productivity
Let plug in the formula
Change in labor Productivity= ($2,000-$1,600)/$1,600
Change in labor Productivity= $400/$1,600
Change in labor Productivity= 0.25*100
Change in labor Productivity=25%
Therefore labor productivity will change by: 25%
Ivanhoe Corporation has fixed costs of $507,200. It has a unit selling price of $9.00, unit variable cost of $7.35, and a target net income of $1,552,000.
Required:
Compute the required sales in units to achieve its target net income.
Answer:
Break-even point in units= 1,248,000
Explanation:
Giving the following information:
Unitary contribution margin= 9 - 7.35= $1.65
Fixed costs= $507,200
Desired profit= $1,552,000
To calculate the number of units to be sold, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (507,200 + 1,552,000) / 1.65
Break-even point in units= 1,248,000
The Fried Green Tomatoes Restaurant has increased its operating cycle from 97.4 days to 101.7 days while the cash cycle has decreased by 2.9 days. How have these changes affected the accounts payable period?
a. Decreased by 11 days
b. Decreased by 5 days
c. Decreased by 1 day
d. Increased by 5 day
e. Increased by 11 days
Answer:
Increased by 7.2 days
Explanation:
As in the question it is mentioned that the operating cycle is increased from 97.4 days to 101.7 days so the difference in days is
= 101.7 days - 97.4 days
= 4.3 days
And, the cash cycle is decreased by 2.9 days
So, the total number of days would be
= 4.3 days + 2.9 days
= 7.2 days
These have been the negative impacts
The options that are mentioned in wrong and the above is the righ answer
If a company’s net income increased while its net sales remained constant, the company's profit margin would:_____
a. Compare favorably to its competitors.
b. Decrease.
c. Increase.
d. Not be impacted.
Answer:
c. Increase.
Explanation:
If a company’s net income increased while its net sales remained constant, the company's profit margin would increase.
This is simply because the amount of money that is being generated from the sales of goods and services are increasing.
Riverbed Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building $228,800, and equipment $83,200. At what amounts should each of the three assets be recorded
Answer:
Land=$54,600, Building = $200,200, Equipment = $72,800
Explanation:
Total Asset Fair Value = Land + Building + Equipment
Total Asset Fair Value = 62,400 + 228,800 + 83,200
Total Asset Fair Value = 374,400
Recorder Amount
Land = 62,400 / 374,400 * 327,600 = $54600
Building = 228,800 / 374,400 * 327,600 = $200200
Equipment = 83,200 / 374,400 * 327,600 = $72,800
Jim had a car accident in 2019 in which his car was completely destroyed. At the time of the accident, the car had an adjusted basis of $40,000. Jim used the car 100% of the time for business use. He received an insurance recovery of 70% of the value of the car at the time of the accident. If Jim’s AGI for the year is $60,000, determine Jim's deductible loss on the car.
Answer:
the deductible loss on the car is $12,000
Explanation:
The computation of the Jim deductible loss on the car is shown below:
Given that
Car value = $40,000
Insurance recovery = 70%
Now the deductible loss is
= Car value - (car value × insurance recovery)
= $40,000 - ($40,000 × 70%)
= $40,000 - $28,000
= $12,000
hence, the deductible loss on the car is $12,000
Will mark Brainly
What does CPM imply, and what is the software package that helps in assessing your online promotional tool?
CPM implies the expenditure invested in reaching (___) individuals. A marketing (___) is a software package that helps you calculate the vital statistics about your marketing promotion campaign.
First blank choices are
10,000
100
1,000
Second blank choices are
dashboard
reach
service
Answer:
1,000 dashboard
Explanation:
M is 1,000
A dashboard is a software package
Answer:
1,000
dashboard
Explanation:
took on plato
Crane Corp. had total variable costs of $281,400, total fixed costs of $130,350, and total revenues of $420,000. Compute the required sales in dollars to break even.
Answer:required sales to break even=$395,000
Explanation:
Break Even Sales = Fixed Expenses / Contribution Margin
But
Fixed Costs /Expenses is given as $130,350
And
Contribution Margin Ratio is solved as (Total Revenue - Variable Cost) / Total Revenue x 100
= ($420,000-$281,400)/ $420,000 x 100
=0.33 x 100
= 33%
Break Even Sales = $130,350/33%
= $395,000
Write a sample greeting you would record on your professional cell phone to be heard by employers and recruiters if they reach your voice mail.
Answer:
This is (your name) with (say the company) I can not come to the phone right now but please leave a message and I will call you back.
Answer: Hello, you’ve reached (Your First and Last Name).
Sorry I wasn’t able to take your call, but please leave your name and a detailed message and I’ll get back to you.
Have a great day.”
On January 1 a man deposit $5000 in a credit union that pays 8% interest, compounded annually. He wishes to withdraw all the money in five equal end-of-years sums, beginning December 31st of the first year. How much should he withdraw each year?
Answer:
he should withdraw $1,252.5 each year.
Explanation:
The computation is shown below:
Given that
Initial deposit (P) = $5,000
n = 5
i = 8%
Now the withdrawal amount is
AW = P(A/P, i, n)
= $5,000 (A/P, 8%, 5)
= $5,000(0.2505)
= $1,252.5
Therefore, he should withdraw $1,252.5 each year.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
In an E-Contract, what are the similarities and differences between an Online Offer and an Online Acceptance?
ANSWER:
the answer is pet your dogo
Explanation:
A company produces and sells 6,400 recliners each year. Each production run has a fixed cost of $400 and an additional cost of $35 per recliner. To store a recliner for a full year costs $8. What is the optimal number of recliners the company should make during each production run? Do not include units with your answer.
Answer:
800 Recliners
Explanation:
Calculation for the optimal number of recliners the company should make during each production run
Using this formula
Economic Order Quantity (EOQ) =√ [(2 D x S) / C]
Where,
Annual Demand (D) = 6,400 Recliners
Fixed Ordering Cost (S) = $400
Carrying cost per recliner (C) = $8
Let plug in the formula
Economic Order Quantity (EOQ)= √[(2 x 6,400 x $400) / $8]
Economic Order Quantity (EOQ)=√$5,120,000/$8
Economic Order Quantity (EOQ)=√$640,000
Economic Order Quantity (EOQ)= 800 Recliners
Therefore the optimal number of recliners the company should make during each production run will be 800 Recliners
In the ____ and ____ stages of product life cycle, firms often set priorities on growth and/or market share
Answer:
In the introduction and early growth stages of the product life cycle, firms often set priorities on growth and/or market share
Explanation:
Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. What was the effect of this fraud on worldcom's income statement?
Answer:
net income was too high, expenses were too low
Explanation:
From the question, we are told about how Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. In this case the effect of this fraud on worldcom's income statement is that net income was too high, expenses were too low. An income statement which can also be regarded as "profit and loss" account is a financial statement that gives the revenue as well as the expenses of a company at a particular period, so if the Executive capitalize costs that should have been expensed then it equates to the net income been too high while expenses were too low.
An investment of $100 pays interest of 2.5% per quarter. What will be the value of this investment at the end of 3 years
Answer:
FV= $107.76
Explanation:
Giving the following information:
Present value (PV)= $100
Interest rate (i)= 0.025/4= 0.00625
Number of periods (n)= 3*4= 12 quarters
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 100*(1.00625^12)
FV= $107.76
When each additional worker hired contributes less than the previous worker hired to total output, we can say there are (is):_______
a. falling average productivity
b. diminishing marginal utility
c. diminishing average returns
d. diminishing marginal returns
Answer:
d. diminishing marginal returns
Explanation:
The diminishing marginal returns refer to a reduction in the marginal output where the value of the single factor would be rises keeping all other production factors the same or constant
Since in the question it is mentioned that for each extra worker hired that contributes would be lesser than the earlier worker hired
So this represents the diminishing marginal returns
hence, the option d is correct