In economics, equilibrium refers to a state in which there is a balance between supply and demand, resulting in stable prices and quantities in the market
(a) In long-run equilibrium, the Aggregate Demand (AD) curve intersects the long-run Aggregate Supply (AS) curve at the potential output level, where the economy is producing at its full capacity without any inflationary or recessionary pressures. This intersection point represents the equilibrium point for the economy.
(b) A sharp decrease in housing prices would cause a supply shock. This is because housing is a factor of production, and a decrease in its price would lower the cost of production for firms, leading to an increase in Aggregate Supply (AS).
(c) Graphically, the decrease in housing prices would shift the AS curve to the right, indicating an increase in supply. The AD curve would remain unchanged. The new intersection point of the AS and AD curves would represent the new equilibrium point for the economy.
(d) The equilibrium point in (c) would be to the right of the equilibrium point in (a), indicating an increase in output and a decrease in the price level. This is because the supply shock led to an increase in production, which lowered prices due to excess supply. The increase in output represents an expansionary shift in the economy, while the decrease in the price level represents a deflationary effect.
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The form below shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 full- and part-time workers in Unger Company. These amounts represent the cumulative earnings for each worker as of October 4, the company's last payday. The form also gives the gross amount of earnings to be paid each worker on the next payday, October 11.
In the state where Unger Company is located, the tax rates and bases are as follows:
Tax on Employees:
FICA—OASDI 6.2% on first $137,700
FICA—HI 1.45% on total earnings
SUTA 0.5% on first $8,000
Tax on Employer:
FICA—OASDI 6.2% on first $137,700
FICA—HI 1.45% on total earnings
FUTA 0.6% on first $7,000
SUTA 1.8% on first $8,000
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
In the appropriate columns of the form shown below, do the following:
1. Compute the amount to be withheld from each employee's earnings on October 11 for (a) FICA—OASDI, (b) FICA—HI, and (c) SUTA, and determine the total employee taxes.
2. Record the portion of each employee's earnings that is taxable under FICA, FUTA, and SUTA, and calculate the total employer's payroll taxes on the October 11 payroll.
If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Enter the tax rates as decimals, carried out to four decimal places when required.
UNGER COMPANY
Gross Taxes to Be Withheld from
Employees' Earnings Under Employer Taxes: Portion of Employees'
Earnings Taxable Under
Earnings to Earnings FICA FICA
Employee Date Oct. 11 OASDI HI SUTA OASDI HI FUTA SUTA
1. Weiser, Robert A. $137,915 $2,070 $fill in the blank 2
$fill in the blank 3
$fill in the blank 4
$fill in the blank 5
$fill in the blank 6
$fill in the blank 7
$fill in the blank 8
2. Stankard, Laurie C. 14,765 270 fill in the blank 9
fill in the blank 10
fill in the blank 11
fill in the blank 12
fill in the blank 13
fill in the blank 14
fill in the blank 15
3. Grow, Joan L. 4,075 270 fill in the blank 16
fill in the blank 17
fill in the blank 18
fill in the blank 19
fill in the blank 20
fill in the blank 21
fill in the blank 22
4. Rowe, Paul C. 8,190 215 fill in the blank 23
fill in the blank 24
fill in the blank 25
fill in the blank 26
fill in the blank 27
fill in the blank 28
fill in the blank 29
5. McNamara, Joyce M. 7,480 190 fill in the blank 30
fill in the blank 31
fill in the blank 32
fill in the blank 33
fill in the blank 34
fill in the blank 35
fill in the blank 36
6. O'Connor, Roger T. 137,650 1,760 fill in the blank 37
fill in the blank 38
fill in the blank 39
fill in the blank 40
fill in the blank 41
fill in the blank 42
fill in the blank 43
7. Carson, Ronald B. 8,875 280 fill in the blank 44
fill in the blank 45
fill in the blank 46
fill in the blank 47
fill in the blank 48
fill in the blank 49
fill in the blank 50
8. Kenny, Ginni C. 4,290 150 fill in the blank 51
fill in the blank 52
fill in the blank 53
fill in the blank 54
fill in the blank 55
fill in the blank 56
fill in the blank 57
9. Devery, Virginia S. 57,075 650 fill in the blank 58
fill in the blank 59
fill in the blank 60
fill in the blank 61
fill in the blank 62
fill in the blank 63
fill in the blank 64
10. Wilson, Joe W. 3,635 235 fill in the blank 65
fill in the blank 66
fill in the blank 67
fill in the blank 68
fill in the blank 69
fill in the blank 70
fill in the blank 71
Total employee taxes
To compute the total employee taxes for each employee, we need to calculate the amount to be withheld from each employee's earnings on October 11 for FICA-OASDI, FICA-HI, and SUTA. We also need to determine the portion of the employee's earnings that is taxable under FICA, FUTA, and SUTA.
For FICA-OASDI, we multiply the employee's taxable earnings by 6.2% up to the annual limit of $137,700. For FICA-HI, we multiply the employee's total earnings by 1.45%. For SUTA, we multiply the employee's taxable earnings by 0.5% up to the state limit of $8,000.
The portion of the employee's earnings that is taxable under FICA, FUTA, and SUTA is as follows: FICA-OASDI and FICA-HI apply to all of the employee's earnings, while FUTA and SUTA apply only to the first $7,000 and $8,000 of earnings, respectively.
To calculate the total employee taxes, we add up the amounts withheld from the employee's earnings for FICA-OASDI, FICA-HI, and SUTA.
After performing these calculations for each employee, we can record the results in the appropriate columns of the form shown above FICA-OASDI,. The total employee taxes for all 10 employees can then be calculated by adding up the individual employee taxes.
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1. The correct order of steps in controlling is:
a. establish standards, take corrective action, measure performance
b. establish standards, measure performance, take corrective action
c. measure performance, establish standards, take correction action
d. none of the above
2. Which of the following are activities in controlling?
a. forecasting, setting objectives, action planning, administering policies, establishing procedure
b. setting performance standards, evaluating/documenting/correcting performance
c. selecting organizational structure, delegating, establishing working relationship
d. deciding, communicating, motivating, selecting/developing people
Tesar Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best selection criterion, while the CFO advocates the NPV. If the decision is made by choosing the project with the higher IRR rather than the one with the higher NPV, how much, if any, value will be forgone, i.e., what's the chosen NPV versus the maximum possible NPV? Note that (1) "true value" is measured by NPV, and (2) under some conditions the choice of IRR vs. NPV will have no effect on the value gained or lost. WACC: 6.75% 0 1 2 3 4 CFS -$1,100 $550 $600 $100 $100 CFL -$2,700 $650 $725 $800 $1,400
Project L has higher NPV
Value foregone=224.3065039-86.20358424=138.1029197
How to find the IRR of the ProjectIRR of Project S=IRR({-1100;550;600;100;100})=12.2416%
IRR of Project L=IRR({-2700;650;725;800;1400})=10.7118%
Project S has a higher IRR
NPV of Project S=NPV(7.5%,{-1100;550;600;100;100})*(1+7.5%)=86.20358424
NPV of Project L=NPV(7.5%,{-2700;650;725;800;1400})*(1+7.5%)=224.3065039
Project L has higher NPV
Value foregone=224.3065039-86.20358424=138.1029197
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In real business cycle theory, a decrease in GDP is typically caused by
A. Aggregate Demand shifting left
B. Aggregate Demand shifting right
C. Short-run Aggregate Supply shifting right
D. Long-run aggregate supply shifting left
In real business cycle theory, a decrease in GDP is typically caused by aggregating Demand shifting left. Thus, option A is the correct option.
What causes a decrease in real GDP?When a nation has a positive trade balance or surplus, its GDP rises. However, a trade imbalance occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP. Either the spending technique or the income approach can be used to calculate GDP. Both methods calculate the total output value of all commodities and services generated in a nation.
A nation can comprehend the whole of what is purchased and the final output of products and services by employing either strategy. Both figures will be similar in size. The national income is used in the income approach to calculate GDP. Data on all earnings from all sources of output are gathered to compute GDP.
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Explain major reasons why it is important to keep sufficient inventory? (25 marks)
Answer & Explanation:
1. Meeting customer demand (5 marks): Keeping sufficient inventory ensures that customer demand is met promptly, leading to increased customer satisfaction and repeat business. If a company runs out of stock, customers may turn to competitors, resulting in a loss of market share and revenue.
2. Preventing stockouts (5 marks): Stockouts can hurt a company's reputation and result in lost sales. Sufficient inventory levels help prevent stockouts, ensuring that customers can access the products they want when they want them, and minimizing the likelihood of negative reviews or customer complaints.
3. Buffer against lead time variability (5 marks): Supplier lead times can vary due to production issues, shipping delays, or other unforeseen factors. Maintaining adequate inventory allows a company to absorb these fluctuations and continue to meet customer demand without interruptions, ensuring smooth business operations.
4. Taking advantage of economies of scale (5 marks): Ordering and storing inventory in larger quantities can lead to cost savings through bulk discounts, lower shipping costs, and more efficient use of storage space. Maintaining sufficient inventory levels allows businesses to capitalize on these economies of scale, reducing overall operating costs.
5. Protection against price fluctuations (5 marks): Commodity prices and other input costs can be volatile, impacting the cost of producing or purchasing inventory. By keeping sufficient inventory levels, companies can mitigate the effects of these fluctuations and maintain more stable pricing for their customers, contributing to a consistent brand image and customer experience.
The impact of induction on coep
A former client his filed a lawsuit against Bengal, suing for damages of $2,500,000 related to an incident in which the former client was injured while trying to sit down in a chair Bengal had previously worked on. Bengal's attorney believes the case is frivolous and will be thrown out by the judge.
Answer:
It is difficult to predict the outcome of a lawsuit, as it will depend on a variety of factors, including the specific details of the incident, the evidence presented, and the arguments made by both sides. However, if Bengal's attorney believes that the case is frivolous, it is possible that they will be able to convince the judge to dismiss the case early on in the proceedings, either through a motion to dismiss or through a summary judgment motion. If the case does go to trial, Bengal's attorney will need to present evidence and arguments to counter the plaintiff's claims and demonstrate that Bengal was not at fault for the injuries sustained by the former client. Ultimately, the outcome of the case will depend on the strength of the evidence and arguments presented by both sides, as well as the judge's interpretation of the law.
Explanation:
What did Corrie mean when she observed that "life in Ravensbruck took place on two separate levels"? Write a 5-8 sentence paragraph describing these levels. Give examples from the story of at least three events or things from each level. You should have six total examples.
Corrie meant when she observed that "life in Ravensbruck took place on two separate levels that the two places are the observable and the spiritual.
The "observable, external life" was characterised by unimaginable cruelty, hardship, and daily humiliation, and it got progressively worse every day. For the inmates, it was a level of hardship, pain, and mortality that was all too real. In the second level, which was spiritual, inmates may discover joy despite suffering, bravery, and even hope.
Because of their faith in God's love and mercy, Corrie and her sister Betsy managed to forge a little community of support and faith among their fellow prisoners. The difference between the camp's physical reality and the spiritual world that inmates can build for themselves is brought out in Corrie's statement.
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In March 2022, Samsung was the market leader with 48.12% of the market share mobile device vendors in South Africa. Evaluate whether such a high market share for one company is in the consumers' interest. Use appropriate diagrammatic analysis to support your answer.
Samsung's high market share in the mobile device vendor market in South Africa, at 48.12%, may not necessarily be in the consumers' interest.
What is Samsung?Samsung is a multinational electronics company based in South Korea. It produces a wide range of products including smartphones, televisions, home appliances, and semiconductors.
A high market share for one company can lead to reduced competition, which can result in higher prices and less innovation. It can also limit consumers' choices by reducing the number of options available to them. Moreover, a high market share can also lead to a monopolistic situation where a company can dictate terms to consumers.
Therefore, Samsung's high market share in the mobile device vendor market in South Africa, at 48.12%, may not necessarily be in the consumers' interest.
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Bacardi Company established a $150 petty cash fund with Eminem as the petty cashier. When the fund
balance reached $19 cash, Eminem prepared a petty cash payment report, which follows.
Answer:
Petty Cash Fund at the beginning = $150 Petty cash fund balance reach = $19 Total expenditure (150 – 19) = $131 And Expenditure shown $120 Cash short and over (131 – 120) = $19 Journal Entries Date Accounts title and explanation Debit Credit
Explanation:
80% shur
5. Using money creation to pay for government spending
Consider Katmai, a hypothetical country that produces only lobster rolls. In 2021, a lobster roll is priced at $8.00.
Complete the first row of the table with the quantity of lobster rolls that can be bought with $900.
Hint: In this problem, assume it is not possible to buy a fraction of a lobster roll, and always round down to the nearestwhole lobster roll. For
example, if your calculations result in 1.5 lobster rolls, the answer should be 1 lobster roll.
Year
2021
2022
Price of a Lobster roll Lobster rolls Bought with $900
(Quantity)
(Dollars)
- 8.00
Suppose the government of Katmai cannot raise sufficient tax revenue to pay its debts. In order to meet its debt obligations, the government points
money. As a result, the money supply rises by 30% by 2022.
Assuming monetary neutrality holds, complete the second row of the table with the new price of a lobster roll and the new quantity of jobster rolls that
can be bought with $900 in 2022.
The impact of the government's decision to raise revenue by printing money on the value of money is known as the inflation tax
According to the concept of monetary neutrality, neither the real money supply nor any other economic factor, such as interest rates, should change. In addition, for each percentage point increase in the money supply, prices must likewise rise in proportion.
According to your example, a 30% increase in the money supply would result in a 30% increase in prices if monetary neutrality is true. Assuming monetary neutrality holds true, if a lobster roll costs $8.00 in 2021, its new price in 2022—when the money supply has increased by 30%—would be $10.40 (8.00 * 1.3) 2.
In the new scenario, 86 (900/10.40) 2 lobster rolls could be purchased with the same amount of money.
The phrase "interest rate," which typically refers to the entire amount of interest fees charged on a loan, deposit, or other type of borrowing, refers to all of these fees.. It is calculated as a percentage of the principle. The total amount of interest charged is determined by a variety of variables, including the loan amount or borrowing, interest rate, frequency of compounding, and period of the loan, deposit, or borrowing.
The interest rate that is set annually is known as the yearly interest rate. Additionally, there are interest rates that are frequently annualized for a day or a month. One definition of interest rate is that it "is an index of the preference for a dollar of present [income] over a dollar of future income."
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Black Ltd makes these products and is reviewing the profitability of its product line. You are given the following budgeted data about the firm for the coming year.
Product Sales (i.e units)
A
100,000
B
120,000
C
80,000
(Sh.)
(Sh.)
(Sh.)
Revenue
1,500,000
1,440,000
880,000
Costs:
Material
500,000
480,000
240,000
Labour
400,000
320,000
160,000
Overhead
650,000
600,000
360,000
1,550,000
1,400,000
760,000
Profit
(50,000)
40,000
120,000
The company is concerned about the loss on product A. It is considering ceasing occasion product of it and switching the spare capacity of 100 000 units to Product C.
You are told:
All products are sold.
25% of the labour cost for each product is fixed in nature.
Fixed administration overheads of Sh.900,600 in total have apportioned to each product on the basis of units sold and included in the overhead costs above. All other overhead costs are variable in nature
Ceasing production of product, A would eliminate the fixed labour charge associated with it and one-sixth of the fixed administration overhead apportioned in product A.
Increasing the production of product C by 100,000 units would mean that the fixed labour costs associated with product C would double the variable labour cost would rise by 20% and its selling price would have to be decreased by Sh.1.50 in order achieve the increased sales.
Required.
Prepare a marginal cost statement for a unit of each product on the basis of:
The original budget.
If product A is deleted.
Prepare a statement showing the total contra…… and profit for each product group on the basis of:
The original budget.
If product A is deleted.
Using your results from (a) and (b) advise whether product A should be deleted from the product range giving reasons for your decision.
Answer:
(a) Marginal Cost Statement:
Product A:
Revenue: Sh.15.00
Material: Sh.5.00
Labour: (25% of Sh.4.00) Sh.1.00
Variable Overhead: (50% of Sh.6.50) Sh.3.25
Total Variable Cost: Sh.9.25
Contribution Margin: Sh.5.75
Product B:
Revenue: Sh.12.00
Material: Sh.4.00
Labour: (25% of Sh.3.20) Sh.0.80
Variable Overhead: (50% of Sh.6.00) Sh.3.00
Total Variable Cost: Sh.7.80
Contribution Margin: Sh.4.20
Product C:
Revenue: Sh.11.00
Material: Sh.3.00
Labour: (25% of Sh.2.00) Sh.0.50
Variable Overhead: (50% of Sh.3.60) Sh.1.80
Total Variable Cost: Sh.5.30
Contribution Margin: Sh.5.70
(b) Total Contribution and Profit Statement:
Original Budget:
Product A:
Contribution: (Sh.5.75 x 100,000 units) = Sh.575,000
Fixed Overhead: (1/6 x Sh.150,100) = Sh.25,017
Profit: (Sh.575,000 - Sh.500,000 - Sh.400,000 - Sh.625,000 - Sh.25,017) = (Sh.950,017)
Product B:
Contribution: (Sh.4.20 x 120,000 units) = Sh.504,000
Fixed Overhead: (1/3 x Sh.900,600) = Sh.300,200
Profit: (Sh.504,000 - Sh.480,000 - Sh.384,000 - Sh.600,000 - Sh.300,200) = (Sh.260,200)
Product C:
Contribution: (Sh.5.70 x 80,000 units) = Sh.456,000
Fixed Overhead: (1/4 x Sh.900,600) = Sh.225,150
Profit: (Sh.456,000 - Sh.240,000 - Sh.200,000 - Sh.360,000 - Sh.225,150) = (Sh.569,150)
If Product A is deleted:
Product B:
Contribution: (Sh.4.20 x 120,000 units) = Sh.504,000
Fixed Overhead: (1/2 x Sh.900,600) = Sh.450,300
Profit: (Sh.504,000 - Sh.480,000 - Sh.384,000 - Sh.600,000 - Sh.450,300) = (Sh.510,300)
Product C:
Contribution: (Sh.5.70 x 180,000 units) = Sh.1,026,000
Fixed Overhead: (1/3 x Sh.900,600) = Sh.300,200
Profit: (Sh.1,026,000 - Sh.360,000 - Sh.320,000 - Sh.720,000 - Sh.300,200) = (Sh.325,800)
Based on the above calculations, it is advisable to delete Product A from the product range. This is because the company is making a loss of Sh.950,017 on Product A, which is greater than the total profit made on the other two products (i.e., Sh.829,350). Moreover, increasing
Explanation:
Why is interest, expense ignored when computing return on net operating assets (RNOA)?
Answer:
Interest expense is excluded from the Return on Net Operating Assets (RNOA) calculation as it is seen as a financing activity, not an operating activity. RNOA measures a company's operating assets' ability to generate profits without taking into account financing decisions like interest expense. This exclusion ensures a more accurate view of a company's ability to make profits from its core business. Additionally, this allows for better comparisons between companies with different financing structures or interest rates. In summary, RNOA is a valuable measure of a company's profitability from operating activities, and the exclusion of interest expense ensures that the measure reflects the company's core business performance.
what goods and services should be produced? economics Help Asapp
The goods and services should be produced according to the economics, "it depends upon allocation of resources, which involve uses of scarce resources".
In the economics, this decision is usually made by market forces through the interaction of supply and demand.
Businesses and individuals produce goods and services that they believe will be in demand in the marketplace.
If the demand curve for the product or services increase in the marketplace on the based goods and services which involves the uses of resources and consumers choose which goods and services to purchase based on their needs and preferences.
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What is ethical behavior?
Answer: Ethical behaviour includes activities which are in conformity with the values and principles of morality such as honesty, fairness or respect for others. It is about making decisions and doing things in a way which are morally and legally acceptable, considering the consequences of one's actions for society as a whole.
:
What method should you use to come up with a stretch goal?
Select an answer:
a) 80/20
b) one-third two-third
c) one to one
d) 50/50
The method that should be used to come up with a stretch goal is a) 80/20.
What is the 80/20 method?The problem-solving technique, commonly known as the Pareto principle or 80/20 method, implies that 20% of the causes are responsible for 80% of the effects. To attain a challenging yet feasible target, this philosophy emphasizes concentrating on those 20 percent activities that trigger substantial results in goal-setting.
The 80/20 approach enables you to pinpoint the key areas that exert the biggest impact and prioritize them while striving towards your objectives. By emphasizing the most pertinent elements, one can optimize their resources and increase odds of success. This way, a tussle can be created that remains achievable through calculated focusing on the vital aspects capable of generating the best outcome.
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Controlling is required in ____________ level of management.
a. higher
b. middle
c. lower
d. all
Leading function of management embraces activities of:
a. Issuing orders to subordinates
b. Guiding and teaching the subordinates
c. Providing leadership and motivation to subordinates
d. All of these
The leading function of management embraces activities of providing leadership and motivation to subordinates is the leading function of management. The correct option is C.
What is the leading process?Working collaboratively to accomplish objectives is a key component of the leadership process. These objectives could be for your career, team, business, or personal. Leaders and team members develop a link that strengthens their capacity to work cooperatively by working together to accomplish common goals.
It entails giving the business a direction, inspiring workers to reach their potential, and ensuring goals are attained by offering advice and assistance. Although important management tasks, giving orders to subordinates and assisting and instructing them are not the leading duties.
Thus, the correct option is C.
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On September 30, 2024, the company paid its landlord $12,400 representing rent for the period September 30, 2024, to September 30, 2025. Digital Controls debited prepaid rent at the time the rent was paid.
The journal entries to record rent and prepaid rent at September 30, 2024 are:
Direct Debit: Prepaid Rent $12,400
Credit: $12,400 cash
This journal shows that the company paid $12,400 in cash, which is a current asset, and prepaid rent, which is an asset. Prepaid rent indicates that the organization has paid rent in advance for the next year from September 30, 2024 to September 30, 2025.
Over time, the prepaid rent account is increased each month by recording an adjustment representing the amount of rent "used" for that month. At the end of the year, the prepaid rent account has a balance of $0 and rent expense is recorded for the entire year.
An employee asks you what benefit a Roth 401K has over a traditional 401K. What should you tell her?
Answer:
the withdrawals you make in retirement are tax-free.
Explanation:
You are looking for ways to save money when it comes to feeding your family. What is the MOST helpful way to cut back on food expenses? A. Order restaurant food to be delivered to your home. B. Go to a sit-down restaurant for most meals. C. Prepare foods from scratch at home. D. Buy ready-to-eat, pre-made meals.
Answer:
C: Prepare foods from scratch at home
Explanation:
I just took the test on edmentum and it was correct:)
Prepare foods from scratch at home: most helpful way to cut back on food expenses. Thus, option C is the correct option.
Almost every food you prepare from scratch will be cheaper and healthier than its processed, canned, or frozen counterpart. In fact, it will surpass the majority of restaurant fare. Homemade food is more affordable, tastier, healthier, and environmentally friendly.
The flavorful texture of home-cooked dry beans, the scent of baked bread, and the delight of licking the beater after making chocolate frosting are just a few of the pleasures that come with cooking at home while saving expenses.
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discuss five firm-wide controls to be instituted by an Audit firm to ensure Quality Control
There are five firm-wide controls to be instituted by an Audit firm to ensure Quality Control are:
Create a quality control system.Put qualified people in charge.Create and put into effect training programs.Verify that quality oversight policies and procedures are being followed.Conduct quality control inspections.Create a quality control system: A quality control system for their financial and auditing practice should be in place at audit companies.
Create and put into effect training programs: All staff levels should be included in this continuing training.
Put qualified people in charge: Each engagement should be given to qualified staff by audit companies.
Perform quality control reviews: To make sure that their work complies with industry standards and legal obligations, audit firms should conduct quality control evaluations of their work.
Verify that quality oversight policies and procedures are being followed: The observance of audit firms' quality control rules and procedures should be monitored.
As a result, the significance of the Audit firm to ensure Quality Control are the aforementioned.
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The following are the Profit & Loss A/c of H, Ltd, & S, Ltd for the year ended March 31st 2011
Particulars
H Ltd
S Ltd
Particulars
H Ltd
S Ltd
Shs
Shs.
Shs
Shs.
To Opening Stock
200,000
100,000
By Sales
1,980,000
1,400,000
To Purchases
1,200,000
750,000
By Closing Stock
210,000
60,000
To Carriage
20,000
10,000
To Wages
210,000
80,000
To Gross Profit c/d
560,000
520,000
2,190,000
2,190,000
1,460,000
To Salaries
95,000
45,000
By Gross Profit b/d
560,000
520,000
To Rent
40,000
25,000
By Commission
100,000
To Commission
-
50,000
By Debenture Interest S. Ltd
10,000
To Sundry Expenses
65,000
25,000
By Rent
40,000
To Debentures Interest
-
25,000
To Provision for Taxation
190,000
110,000
To Net Profit c/d
320,000
240,000
710,000
520,000
710,000
520,000
To Preference Dividend
-
40,000
By Balance b/d
100,000
40,000
To Proposed Dividend
90,000
60,000
By Net Profit b/fd
320,000
240,000
To Corporate Dividend Tax
15,021
16,690
To Balance carried to Balance Sheet
314,979
163,310
420,000
280,000
420,000
280,000
You are given following additional information:
H. Ltd. Acquired 3000 Equity shares in S. Ltd. On 1st October 2010 of 4000 Equity shares of S. Ltd. However Debentures were acquired on 1st April 2009.
During the year H. Ltd. Sold goods to S Ltd costing Shs. 60,000 for Shs. 80,000. One fourth of the goods remained unsold on March 31st 2011. It is included in closing stock at cost to S. Ltd.
Commission, Rent credited to profit & Loss A/c of H. Ltd. Include Shs. 40,000, Shs. 10,000 received from S. Ltd,
After accounting for all the given information, H Ltd had a balance of Shs. 314,979 carried to the balance sheet, while S Ltd had a balance of Shs. 163,310 carried to the balance sheet.
How to solveBased on the given Profit & Loss accounts, H Ltd has a gross profit of Shs. 560,000 and a net profit of Shs. 320,000, while S Ltd has a gross profit of Shs. 520,000 and a net profit of Shs. 240,000.
H Ltd acquired 3000 equity shares in S Ltd on October 1st, 2010, and sold goods to S Ltd costing Shs. 60,000 for Shs. 80,000 during the year, with one fourth of the goods remaining unsold on March 31st, 2011, and included in S Ltd's closing stock at cost.
H Ltd's commission and rent credited to the profit & loss account includes Shs. 40,000 and Shs. 10,000 received from S Ltd, respectively.
It is also known that H Ltd acquired debentures on April 1st, 2009, but no further information is given.
The Profit & Loss accounts also show that H Ltd proposed a dividend of Shs. 90,000, while S Ltd paid a preference dividend of Shs. 40,000.
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In a market economy, decisions about which goods are produced are based
on:
OA. what businesses believe will generate the most profits.
B. what the local community has made for generations.
C. what the government decides is important for society.
O
D. what health care organizations suggest will be best for citizens.
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What is the term used to describe the levels of bureaucracy and hierarchical organizational structures
Answer:
Below
Explanation:
The term used to describe levels of bureaucracy and hierarchical organizational structures is "hierarchy" or "hierarchical structure". This refers to a system of organizing people and tasks in which each person or group is ranked above or below others based on their relative authority, status, or power. In a hierarchical structure, there are usually multiple levels of authority, with each level having its own set of responsibilities, duties, and decision-making powers. The highest level is typically occupied by top executives or managers, while the lower levels are filled by employees with progressively less authority and responsibility.
Which statement describes best the meaning of leadership?
A. Ensuring predictability in an uncertain environment
B. Sustaining an ongoing business over a long period of time
C. Developing a vision and strategy and motivating people
D. Adhering to publicized standards and procedures
March/2023/1 Receive a cheque from Guria Ltd K700.
requirement do double entry
Assuming Cheque received from a customer
1-Mar-2023
DR Bank
CR Accounts Receivable (Guria Ltd K700)
(Recoded receipt of cheque from customer)
What is Double Entry?Double entry is the initial entry that is recorded to record the daily transactions of a company, these transacttions are accumulated at the end of a month or a period and are converted into a trial balance, this trial balance eventually help in the preparation of an Income statement and Balance Sheet.
The cheque is received from Guria Ltd that needs to be deposited into bank and the above entry is to be recorded.
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on 14 ed out of 2 9 on Mike is the CEO of of Safety Xpress, a company specialising in road safety equipment. As part of the top management team at Safety Xpress, Mike is focusing on increasing his .....skills as this is the most important skill needed at top level management. O a technical O b. behavioural Oc. conceptual Od. interpersonal
As part of the top management team at Safety Xpress, Mike is focusing on increasing his conceptual skills as this is the most important skill needed at top level management. The Option C.
Why is conceptual skill important for top-level management?This refers to ability to think strategically and understand how different parts of an organization work together to achieve its goals. The skill involves analyzing complex situations, identifying pattern and developing solutions to achieve long-term objectives.
For the top-level management, this conceptual skill is crucial as they are responsible for the overall direction of the organization. They also need to have a broad understanding of the organization and its environment to make strategic decisions that will ensure the organization's success.
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three stage division switch is used to connect 2048 inlet with 2048 outlet. If the number of inlets in each subgroup n=32 and the number of inter-stage switches k=10. Assume that the inlet utilization P=0.1, calculate the overall blocking probability of the system.please expline the solution with steps
The overall blocking probability of the system is 0.0000072 or 0.00072%. This is a very low blocking probability, which means that the system is highly efficient in handling traffic.
To calculate the overall blocking probability of the system, we can use Erlang B formula which is given as follows:
B(n,k) = [((n^k)/k!) / Σ(i=0 to k) ((n^i)/i!)]
where n = number of inlets in each subgroup
k = number of inter-stage switches
Σ = summation symbol, from i=0 to k
i! = factorial of i
In this case, n = 32 and k = 10. We can calculate the value of Σ(i=0 to k) ((n^i)/i!) using a calculator or a spreadsheet program. The value is approximately 0.9999979.
So, applying the Erlang B formula:
B(2048, 10) = [((32^10)/10!) / 0.9999979] = 0.0000072
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1. The correct order of steps in controlling is:
a. establish standards, take corrective action, measure performance
b. establish standards, measure performance, take corrective action
c. measure performance, establish standards, take correction action
d. none of the above
2. Which of the following are activities in controlling?
a. forecasting, setting objectives, action planning, administering policies, establishing procedure
b. setting performance standards, evaluating/documenting/correcting performance
c. selecting organizational structure, delegating, establishing working relationship
d. deciding, communicating, motivating, selecting/developing people
1. The correct sequence of control actions is b. set standards, measure performance, and take remedial action.
Answers to the aforementioned questions1. This is due to the fact that, in order to regulate performance, standards must first be created, then performance must be tested against those criteria, and finally corrective action can be performed if the performance does not reach the established standards.
2. The right answer is b. Controlling activities include setting performance standards and evaluating/documenting/correcting performance.
Controlling entails monitoring and analyzing performance against predefined standards, as well as taking corrective action as needed.
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