A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage
2. a security device
3. similar to a lease
4. a lease with an option to buy

Answer:

Correct answer is C, creditors should be paid before partners

Explanation:

During partnership liquidation, settlement of obligation comes first before distribution of cash to the partners. There two types of creditors, the outside creditors and the partner creditor. The priority as to who shall be paid first is always the outside creditors before partners. After the non-cash asset is sold, or if there is available cash, creditor will be paid first then the partner creditor. Afterwards, the remaining cash will be distributed to partners based on their profit or loss ratio.

Project plans primarily aim to guide project execution by providing a roadmap for teams to follow.

The main purpose of project plans is to guide project execution. Project plans provide a roadmap for project teams, outlining the objectives, activities, and timelines to be followed to successfully complete a project. They help coordinate and align the efforts of all team members, ensuring everyone is working towards a common goal. While project plans may involve scheduling management plan, the primary purpose is to guide the execution of the project.

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The main purpose of project plans is to define the project's scope, guide its execution, manage the schedule, and estimate resources needed. They act as a roadmap for the team and stakeholders, helping direct efforts and manage time and resource use.

The main purpose of project plans is to effectively accomplish all of the above: to define project scope, to guide project execution, to establish schedule management plans, and to estimate activity resources. Project plans are integral to any project management process because they serve as a roadmap for the team and stakeholders.

Defining project scope helps to establish the boundaries of the project and to focus the efforts of the team. Guiding project execution allows everyone involved to know the direction of the project and how to arrive at the end goal. Schedule management is necessary for effective time management and in preventing time and cost overruns. Lastly, estimating activity resources ensures that the project can be completed with the resources allocated.

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Answer:

Customer database

Explanation:

Customer database is very important to an organisation as it is one of the ingredients that makes an organisation to be successful in its business. Some of the advantages of customer database to an organisation include:

1. It helps in creating customer affinity as most customers prefer to continue to patronize a known business. Special offers and information can then be sent to customers via marketing emails to customers who have accepted to receive them.

2. It improves loyalty of customers and therefore allows the business to give preferential treatment this segment of loyal customers.

3. It allows better customer service to be provided. This is possible because there is available information about customer buying behavior and post-purchase feedback from customers.

4. It allows business to have direct channel to customers that have bought before from the company. Therefore, information about new products can be made directly available to them which will increase sales of the business.

5. Related to number 4 above, customer database gives an organisation the opportunity to roll out new products to some selected customers in the database to test its acceptability before it lunched on larger scale to the general public.

I wish you the best.

Answer:

False

Explanation:

A limited partnership is a type of partnership with at least one general and limited partner.

The limited partner is liable for the debt of the company up to the money invested.

I hope my answer helps you

Answer:

decrease

Explanation:

Secondary markets decrease the interest rates that organizations have to pay on issued bonds. With the presence of secondary markets, companies that issue bond can then pay lower rates of interest and still sell the entire bonds needed. What the secondary market does is that it bids up the bonds price above their face values. This therefore makes interest that will be paid a lower percentage, and thus leads to lower ROI and yield.

Answer:

True

Explanation:

People who are persuasive and charismatic in nature are very much effective at attaining senior positions in large organizations.

Individuals with a high need for power are effective at influencing others and are likely to attain senior positions in large organizations due to their persuasive and leadership abilities.

Those with a high need for power are individuals who are driven to influence others and take control of their environment. This trait is often seen in those who are effective at securing senior positions within large organizations. The ability to persuade and assert leadership are important for climbing the corporate ladder. The capacity for upward influence, which includes the ability to influence superiors and appeal to higher authorities or the company’s overarching goals, grows in importance as organizational complexity increases. Effective leaders use a variety of influence tactics, including rationality and assertiveness with subordinates, while coalition building with their superiors.

Answer: Generally, when trying to solve a complex accounting problem in which there are obstacles and little knowledge about the subject, the most advisable thing is to work from a conceptual framework which serves as a guide to find a reasonable answer to the problem in question. In this case Marla was clearly working with a conceptual framework, and instead Jacob was not.

Answer:

a. Discuss why contractors must make bid/no-bid decisions:

Contractors have to make a decision to be bid or not to be since the bidding process is usually long and costly.

b. Factors involved in making these decisions:

c. A contractor should bid when the project aligns well with the contractors business goals and has a competitive edge over other bidders, however, a contractor should not bid when there is high probability of project failure or when there is inadequate capabilities in terms of funding and experience.

Explanation:

a.

Bid/no-bid decisions usually follow a request for proposal (RFP). A request for proposal (RFP) is usually a document that seeks a business proposal to be made using a a bidding process by an organization that seeks the procurement of a good, service or an asset. In the construction business, the services are offered by contractors. The RFP usually contains all the information about what the client wants including; the end product and the time frame within which the contract has to be completed. They also include the professional requirements for the workers that will be needed.

Once a contractor has received a RFP, they decide whether or not to bid. Bidding is the process through which the contractor expresses interest in offering his/her services for a certain monetary compensation. Contractors have to make a decision to be bid or not to be since the bidding process is usually long and costly.

b.

The following factors are involved in making bid/no-bid decisions;

1. Opportunity cost: this is the cost of an alternative option to the bidding process. If the opportunity is great, then contractors would make a decision not to bid, however, if the opportunity cost is low, the contractor will make a decision to bid.

2. Technical requirements: the contractors needs to assess if they can meet the technical requirements in terms of expertise and quality. It would be advisable not to bid if they don't meet the requirements.

3. Financial status: the contractor should also consider evaluating the total cost that the project might need. This cost should be checked against the contractor's financial situation to determine if they will be able to handle the project without financial strain.

4. Legal requirements: the contractor needs to check the legal requirements of the project and determine if they can execute the project without going beyond the threshold of the law. One should asses exposure to legal risks before making a decision.

c.

A contractor should bid when the project aligns well with the contractors business goals and has a competitive edge over other bidders, however, a contractor should not bid when there is high probability of project failure or when there is inadequate capabilities in terms of funding and experience.

Answer:

$1,000

Explanation:

The computation of the ending balance of cash is shown below:

Ending balance of cash  = Debit balance of cash account + total debited the amount of cash balance - the total credited amount of cash balance

= $400 + $1,500 - $900

= $1,000

Since the cash account has debit balance so it would be added while the credit balance is deducted

Answer:

Specialty Product.

Explanation:

A specialty product is a type of product that consumers go for because they are loyal to the brand or because of some characteristic feature the product posses. Consumers of such product do everything within their power to get it no matter what it cost them, such consumers do not even consider substitute products. Examples of Specialty product includes luxury cars, Rolex wrist watches, designer wares, high performing photographic equipments, etc.

Answer:

The answer is 2. Ten percent of the principal of the loan

Explanation:

By law, maximum commissions for first trust deed loans are at :

- 5% of the principal for loans less than 2 years or less than 3 years

- 10% of the principal for loans 3years and more.

Second trust deed loans, on the other hand, are stated at 5% for loans up to 2years, 10% for loans between 2-3 years and 15% for loans more than 3 years.

Answer:

Before purchasing such a​ product, it is essential​ to:

Consider all five components of the information system

Explanation:

Before making any software purchase, it is always imperative to consider all the five components of the information system(IS). An information system can be defined as an integrated set of components that work in co-ordination to convert raw data to usable information. An information system constitute the following components; hardware, software, database, network and people. All these components have to work as a group to achieve quality output.

1. Hardware

Hardware are all the input and output devices, processor, media devices and operating system.

2. Software

Software is a set of various programs and processes that utilizes the data for processing.

3. Database

Database refers to a group of data that has been organized in a particular fashion. The data in a database has to be structured in a certain way in order to be executed.

4. Network

A network is a system of communication devices that acts as a channel to move the information around.

5. People

The people are the human resource that are to operate the software.

Answer:

C. Significant amounts of indirect costs are allocated using only one or two cost pools.

D. All or most indirect costs are identified as output​ unit-level costs.

E. Products make diverse demands on resources because of differences in​ volume, process​ steps, batch​ size, or complexity.

F. Products that a company is well suited to make and sell show small​ profits, whereas products that a company is less suited to produce and sell show large profits.

Explanation:

ABC (activity based costs) method focuses on individual activities as the main cost objects. After it determines the cost of individual activities, it uses them as the basis for assigning costs to products and services. ABC method allocates overhead costs based on the main cost objects.

Answer:

a) [tex]\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})[/tex]

Because the sample mean is defined as:

[tex] \bar X = \frac{\sum_{i=1}^n X_i}{n}[/tex]

So then the mean for the sample distibution is [tex] \mu_{\bar X} =\mu=12 min[/tex]

b) [tex] \sigma_{\bar x} =\frac{\sigma}{\sqrt{n}}=\frac{5}{\sqrt{10}}= 1.581[/tex]

c) For this case since the distribution for the random variable [tex]\bar x[/tex] is normal and for the sample mean is also normal so then we can conclude that the distribution for the sample mean is symmetrical and bell shaped with a deviation lower than the deviation for X

Explanation:

Assuming this complete problem:

The customer care manager at a cell phone company keeps track of how long each help-line caller  spends on hold before speaking to a customer service representative. He finds that the distribution of  wait times for all callers has a mean of 12 minutes with a standard deviation of 5 minutes. The  distribution is moderately skewed to the right. Suppose the manager takes a random sample of 10 callers  and calculates their mean wait time,  [tex]\bar x[/tex] .

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Let X the random variable that represent the wait times for all callers of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(12,5)[/tex]  

Where [tex]\mu=12[/tex] and [tex]\sigma=5[/tex]

(a) What is the mean of the sampling distribution of  [tex]\bar x[/tex] ?

Since the distribution for the random variable X is normal then the distribution for the random variable [tex]\bar X[/tex] is also normal and given by:

[tex]\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})[/tex]

Because the sample mean is defined as:

[tex] \bar X = \frac{\sum_{i=1}^n X_i}{n}[/tex]

So then the mean for the sample distibution is [tex] \mu_{\bar X} =\mu=12 min[/tex]

(b) Is it possible to calculate the standard deviation of  [tex]\bar x[/tex] ? If it is, do the calculation. If it isn’t, explain  why.

For this case since we knwo that the distribution for the sampel mena is given by:

[tex]\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})[/tex]

Then we know that the deviation for the sample mean is given by:

[tex] \sigma_{\bar x} =\frac{\sigma}{\sqrt{n}}=\frac{5}{\sqrt{10}}= 1.581[/tex]

(c) Do you know the approximate shape of the sampling distribution of  [tex]\bar x[/tex]? If so, describe the shape and  justify your answer. If not, explain why not.

For this case since the distribution for the random variable [tex]\bar x[/tex] is normal and for the sample mean is also normal so then we can conclude that the distribution for the sample mean is symmetrical and bell shaped with a deviation lower than the deviation for X

Answer:

Modular Organization

Explanation:

Modular organization is an Incident Command System structure that employs a top-down approach and identify a response organization structure on the basis of the size, complexity, or hazardous effect of an incident. It is the responsibility of the Incident Commander to establish and expand the modular organization as was the case in the example. The ICS organization was expanded to include the Evacuation Group due to the size, complexity, or severity of hazard.

The NIMS Management Characteristic being demonstrated is Modular Organization. This allows for adaptability by adding new sections to the organizational structure as the complexity of the incident grows, such as creating an Evacuation Group for managing and coordinating the safe evacuation of people.

The NIMS Management Characteristic being demonstrated when the Incident Commander expanded the Operations Section to include an Evacuation Group is called Modular Organization. This characteristic allows organizations to structure themselves so they can efficiently address the varying levels of an incident. When an incident grows in complexity, the Incident Commander can add new groups, branches or divisions to the Incident Command System's organizational structure, thereby expanding the Operations Section.

This manner of organization not only ensures system flexibility and adaptability, but also improves coordination, expedites information flow, and enhances resource management. In this case, the addition of an Evacuation Group would cater specifically to the task of managing and coordinating the safe evacuation of people in response to the incident.

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Answer:

D. Capital market instruments include both long-term debt and common stocks.

Explanation:

Capital market is financial market where long term instruments are traded. These instruments include bond, common stocks and debenture. With this background, statement in option D is correct.

Option A is not correct because reverse is the case: investment banks raise large blocks of capital from investors while commercial banks specialize in lending money.

Option B and E are not correct, too. Transaction under them are examples of a secondary market transaction.

Option C is wrong, as well. NYSE has a physical location where trading activities happen.

So option D is the only correct statement because capital market instruments are long-term debt and common stocks.

Answer:

Resource View

Explanation:

A resource view or resource-based view is a strategic tool, hence its use by managers. It is bascially employed by management for the assessment of an organisation's strategic resources or assets in order to enhance the efficient and effective use of all available resources to maximize competitive advantage.

Some refer to the Resource Based View (RBV) as a managerial framework specifically employed to strategically maximize resource use for sustained advantage over competitors.

Final answer:

The resource approach is a method used by managers to evaluate resources for competitive advantage.

Explanation:

The resource approach is a method managers use to evaluate the resources at their disposal and manage or alter them to achieve competitive advantage. This approach involves recognizing core competencies within a firm and determining how to best exploit them to excel in the market.

Although the resource approach encourages strategic thinking that may lead to significant restructuring, it does face criticisms, such as those from the positioning school advocated by Porter, which emphasizes that an organisation's resources are crucial to strategic choices. In contrast, the cost approach focuses on incremental improvements and risk management.

Answer:

Project Management Office

Explanation:

Project Management Office ( PMO )-

It refers to the group in the business or any agency , which is responsible for maintaining the standard of the project management in the organisation is referred to as the Project Management Office .

The project management office , is the main source of any documentation regarding the project , all the guidance and information is present with the PMO.

Hence, from the given information of the question,

The correct option is Project Management Office.

Final answer:

A Project Management Office (PMO) is responsible for coordinating project management functions across an organization, ensuring standard practices and successful execution. The project manager plays a key role within a PMO, navigating through five process groups and nine management knowledge areas as outlined by PMI's PMBOK Guide.

Explanation:

A Project Management Office (PMO) is an organizational group responsible for coordinating the project management function throughout an organization. This entity plays a critical role in maintaining project management standards and practices across projects, ensuring alignment and efficient execution of tasks.

Effective project management is an integrative effort that requires alignment of all pieces of a project for its timely completion. Issues at any point in the project timeline can lead to delays or failure, emphasizing the importance of a PMO in preventing such outcomes.

The project manager serves as the hub of communication and tasks, coordinating actions within the PMO. The project manager must navigate through five process groups: initiation, planning, executing, monitoring and controlling, and closing. These groups contain actions applied to nine management knowledge areas including integration, scope, time, cost, quality, human resources, communication, risk, and procurement management. A project manager's proficiency in these areas is vital for the overall success of the project's objectives.

The Project Management Institute (PMI) sets the standards for project management via the PMBOK Guide which outlines the extensive skills and knowledge necessary for effective project management, including the interrelated process groups and knowledge areas required for a project's lifecycle.

Answer:

Financial reporting is the process of communicating financial accounting information to existing and potential future investors, creditors, lenders, and other internal decision makers.  

Explanation:

Financial reporting refers to the process of reporting financial statement which include, cash flow statement, income statement and also the balance sheet to users of accounting information which includes potential investors, creditors, suppliers, shareholders, government, internal auditors and even the general public  which will help them to make financial decisions as regards investments, taxes, profitability etc.

Answer:

The answer to this question is A: Allows for increased specialization and mass production techniques that lower per unit costs of production

Explanation:

First, What is Trade?

Trade is the exchange of goods and services. It is the satisfaction of wants, the next step after goods have been produced.

Trade, whether domestic or international requires firm or an economy to exchange goods and services which they have produced for income. A country usually trades goods which it has abundance raw materials  and required resources to produce or focuses on the aspect in which it has comparative advantage.  

If a country therefore focuses on trade in which it has abundance of resources or comparative advantage, it automatically become specialized in the production of such goods and begins to develop more techniques and tools that will ensure that it produce such goods at optimum level that will help it in reducing cost of production for such goods or services.

Answer:

True

Explanation:

The additional cost to a generator of hiring a supplementary unit of labor is described as marginal cost. The given statement is very true as we know that in economics, the term marginal is some of the times identified as extra or additional. And the added cost that has been connected and then undertaking an action is described as marginal cost.

Answer:

Profit

Explanation:

Break-even point is the level of activity that a business must operate to make its total revenue equal to its total cost. At this point, the business makes no profit or loss. It gives an idea of the exact number of units of product to be sold in order to cover its total fixed cost.

Break-even point (BEP) is calculated as follows:

BEP (units)  = Total Fixed Costs for the Period/ (Sp - Vc)

SP- selling price, VC- variable cost

For example, if John and Brett has a total fixed cost of $120,000 per month, selling price and variable cost of $8 per unit respectively. The break-even cost is determined as follows:

BEP= 120,000/(10-8)= 60,000units.

This means that selling 60,000 units of toys monthly will make the business to make no profit or loss. We can confirm this as follows:

Profit= Total revenue - Total Variable cost - Total Fixed Cost

Profit= ($10 × 60,000) - ($8× 60,000) - $120,000

        = $600,000 - $480,000 - $120,000

Profit =   $0

But if they sell 60,500 units in a month, profit for the month will be:

Profit = ($10 *60,500) - $ ($8 × 60,500) - $120,000

        = $1000

Any units sold over and above the break-even point will represent profit

Answer:

b. Individual business enterprises, rather than to industries or an economy as a whole or members of the society as consumers

Explanation:

Financial statements provide information pertaining to

A : an economy as a whole and members of society as consumers, rather than to individual enterprises or industries.

B. Individual business enterprises, rather than to industries or an economy as a whole or members of the society as consumers

C. Individual business enterprises, industries and an economy as a whole or members of the society as consumers

D. Business Industries rather than Individual business enterprises or an economy as a whole and members of society as consumers.

ANSWER

Financial statement by their definition are written reports that communicate the business activities that a firm engages in, and the financial performance of those activities and of the entire company.

From the above definition it is very understandable that financial statements are more pertained to business enterprises than industries or members of the society.  It in no way pertains to the economy

Answer:

Cause related marketing

Explanation:

Cause related marketing is a part of corporate social responsiblity, where, charity been done with motive of benefit later. Company invest in these marketing strategy to gain relationship with non profit company. The company expect profit or benefit out of these relationship by selling more products and gaining positive publicity. It also help the company to enhance brand image. American express have first used this term to raise money in accordance with Corporate social responsiblity.

Answer:

$50,100

Explanation:

Given that

Acquired value of a financial asset other than principal market = $50,000

Sale value of the identical instrument in principal market = $50,100

Transaction cost = $200

For reporting the fair value, we have to exclude the transaction cost i.e $200 and consider that cost which is to be received while exchanging i.e $50,100

This sale value would be equal to the fair value i.e $50,100 should be reported as a fair value

Answer: Comparability

Explanation:

Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.

Answer:

D. Actions by governments rarely significantly affect business

Explanation:

Business-socciety interdependence points out how business activities impact society and how society impacts business decisions. Government actions play a significant role in business performance. For example, an increase in interest rate increases the cost of borrowing and acts as an investment disncentive. Likewise, an increase in corporation tax stifles the incentive to invest and reduces corporate profit. Other government interventions such as standards and regulations, minumum wage legislations, permits and licenses would not only reduce business profits but could make doing business very cumbersome. Also, the extent to which the government is committed to maintaining political stability could determine the extent to which invesmtent thrives in an economy.

Business is not separated from the rest of society by clear boundaries.

B. Business is separated from the rest of society by clear boundaries.

This statement is not correct about the business-society interdependence. Business is not separated from the rest of society by clear boundaries. In fact, business is a part of society and its activities impact other activities in society. Governments also play a significant role in affecting business through laws and regulations.

For example, government regulations can make it harder for businesses to start up or expand by requiring permits, fees, and restricting product types and quality. Zoning laws may also limit where businesses can operate or their operating hours.

Therefore, the correct statement is that business is not separated from the rest of society by clear boundaries.

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Answer:

B) $24,472

Explanation:

To calculate the present value of Joanne's investment, we need to calculate the future value of the investment 6 years ago. The formula we are going to use is:

FV = principal x (1 + r)ⁿ

FV = $15,000 x (1 + .085)⁶ = $15,000 x 1.085⁶ = $15,000 x 1.6315 = $24,472

Answer:

budget line

Explanation:

A budget line is a graphical representation that shows all the possible combination of how two products that can be consumed at different prices with a given income. The budget line is downward sloping with the gradient of the slope reflecting the two prices.

A budget line assists in understanding consumer choices and behavior. A budget line may shift due to changes in the consumer's income. It shifts to the left when income decreases and shifts to the right when income increase.

A budget line represents the various combinations of two products a consumer can purchase with a specific amount of money income. It indicates feasible and non-feasible purchases given a specific budget.

The schedule or curve that demonstrates the various combinations of two products a consumer can purchase with a specific amount of money income is referred to as a budget line. The budget line depicts the boundary of feasible purchases for a consumer given a specific budget. Any point on the line indicates a bundle of goods that the consumer can afford, any point inside the line indicates a bundle of goods that is affordable but not fully utilizing the income, and any point outside the line is unaffordable.

For example, if a consumer has $20 and the price of apples is $2 per apple and the price of bananas is $1 per banana, the budget line will show all the possible combinations of apples and bananas the consumer can buy with $20.

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Explanation:

The five categories of Career cluster are

There are certain jobs associated with the above category. They are

Answer: both indoors and outdoors, depending on the work they are doing