Answer:
15.91%
Explanation:
The computation of the return on equity is shown below:
= (Net income - interest expense) ÷ (total equity)
= ($315,000 - $0) ÷ ($1,980,000)
= ($315,000) ÷ ($1,980,000)
= 15.91%
We simply divide the net income by the total equity so that the return on equity could be calculated
It is always expresses in percentage form.
When looking to increase the presence of a website, putting together your search engine optimisation plan will help you plan your steps. Which activity would be first on the list?a. Choosing what images to put on your website
b. Reserving all the social profiles that you will be using for the business
c. Finding people who will link back to your website
d. Keyword Research
Answer:
Option "D" is the correct answer for the following statement.
Keyword Research
Explanation:
To order to increase the visibility of a website, an online marketing strategy will be created.
A keyword analysis is a method by which you study popular search words that types users into browsers such as Google, and creatively integrates them into your information so that the information ranks higher on a google search results page.
Therefore, Option "D" is the correct answer.
Which of the following statements is false?
A) Under IFRS, there are the same number of financial statement elements as in GAAP.
B) The FASB and IASB are no longer working on a joint conceptual framework project.
C) The monetary unit assumption is used under IFRS.
D) Under IFRS, companies may use fair value for property, plant, and equipment.
Answer: d) Under IFRS, there are the same number of financial statement elements as in GAAP.
Explanation:
There are adjustments required to move from previous GAAP to IFRSs at the time of first-time adoption.
Polio is transmitted by ingestion of water contaminated with feces containing polio virus. What portal of entry does polio virus use? Polio is transmitted by ingestion of water contaminated with feces containing polio virus. What portal of entry does polio virus use? parenteral only skin only mucous membranes only skin and parenteral skin, parenteral, and mucous membranes.
Answer:
Mucous membrane only
Explanation:
Parenteral route refers to any route other than digestive tract like intravenous , intramuscular route etc.
Polio virus enters the body via mucous membrane of mouth and digestive tract or alimentary canal. . It is found mostly in the infected person's faeca . It can not penetrate skin .
Carlton finds that a geographic restructuring would have a positive effect on his insurance company and increase its efficiency. He draws up a report for the board of directors in which he mentions that separate departments should be set up for each of the company's 10 sales territories. Which of the following statements is most likely to increase the positivity of his proposition?
A) Let me know if you want to work on changing the structure of the company.
B) Using a geographic structure will not guarantee that the company's productivity increases.
C) Geographic restructuring is not likely to reduce the company's overall costs.
D) I look forward to putting together a detailed plan to restructure the company geographically.
E) A geographic structure might possibly have a positive effect on the company.
Answer:
D) I look forward to putting together a detailed plan to restructure the company geographically.
Explanation:
Whenever you are trying to convince someone or a group of people about accepting your ideas or propositions, you have to be positive and show that your ideas will make their situation better. Options A, B and C are all negative statements about your our proposal, while option E shows doubt. When you present a plan, you must be convinced that your plan will work. How else could you convince another person if you aren't even convinced about it?
Stoneside Inc. has provided you with the following information for its Manufacturing Overhead account at the end of the period. Actual manufacturing overhead costs incurred total $31,910. The company applied manufacturing overhead cost in the amount of $28,900. What is the overapplied or underapplied manufacturing overhead?
a) $3,010 Underapplied
b) $3,010 Overapplied
c) $5,990 Underapplied
d) $5,990 Overapplied
Answer:
a) $3,010 Underapplied
Explanation:
Data provided in the question:
Actual manufacturing overhead costs incurred = $31,910
Standard manufacturing overhead cost in the amount = $28,900.
Now,
The under applied manufacturing overhead
= Actual manufacturing overhead - Standard manufacturing overhead
= $31,910 - $28,900
= $3,010 under applied.
[ Since the actual manufacturing overhead is greater than the standard manufacturing overhead, Therefore it is under applied ]
Hence.
The answer is option a) $3,010 Underapplied
The cash basis method of accounting requires revenue to be recognized when performance obligations are satisfied. (If false, identify error and correct.)
A. True
B. False
Answer:
True
Explanation:
Unlike Accrual basis accounting the cash basis method of accounting requires revenue to be recognized when performance obligations are settled rather than when they are incurred.
The major difference between cash and accrual accounting is in the timing of when transactions are taken account of. Whereas Accrual accounting recognizes transactions when they occur (i.e. expenses when they are incurred and revenue when they are earned) Cash accounting recognizes revenue and expenses only when cash is paid.
An account should have an account title, account number, a place for the date of transaction, and two columns for:_________a. Assets and liabilitesb. Closing and post-closingc. Revenues and expensesd. Debits ans credits
Answer:
Debits and Credits
Explanation:
An account should have an account title, account number, a place for the date of transaction, and two columns for: Debits and credits.
Debits depending on whether the account is an asset and expense account, will increase the amount and balance of the account while Credits for Assets and expense accounts will reduce the balance on the account. The opposite is applicable to liability and revenue accounts.
Every account according to the double entry principle must have a debit and a credit column.
Management perspectives (Connect, Perform)
Use your understanding of various management perspectives to complete the sentences below.
Starting in the late 1800s, encouraged efficiency through standardization of work. approach to management focuses on designing organizations with formal lines of
Put forward by Max Weber, the authority and standard operating procedures to promote efficiency. suggests that employees perform better when their
Arising from the Hawthorne studies in the early 1920s, the managers treat them better. demonstrating the dangers of relying too heavily on the
The financial meltdown of 2008 was in part due to quantitative techniques of scientific management
1 the classical perspectice, managment science, the humanistic perspectice2 bureaucratic organizations, adminastrative principles, scientific managment3 human relations movement, behavioral sciences appreoach, human resources perspectife4 quants, the informal organization, the hawthorne effect
Answer:
Starting in the late 1800s, the classical perspective encouraged efficiency through standardization of work.
Put forward by Max Weber, the bureaucratic organization focuses on creating organizations with formal lines of authority and standard operating procedures to promote efficiency.
Arising from the Hawthorne studies in the early 1920s, the human relations movement suggests that employees perform better when their managers treat them better.
The financial meltdown of 2008 was in part due to quantitative techniques of scientific management demonstrating the dangers of relying too heavily on the quants.
Group Working age population Discouraged workers Employed Unemployed # in Millions 215 5 138 According to the table, the labor force participation rate ispercent Round to the nearest whole number. Question 10 Holding all else constant,if people who are currently unemployed becom discouraged workers, you will see O an increase in the unemployment rate. an increase in the labor force participation rate. no effect on the unemployment rate. no effect on the labor force participation rate. a decrease in the labor force participation rate
Answer:
A decrease in labor force participation rate
Explanation:
The workers which are discouraged can opt out of the labor market since there is no incentive for them work anymore. The workers choosing to go out of the labor market will decrease the overall labor force participation rate. The unemployment rate can also be affected but the main effect would be on labor force participation rate
In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personally. He eventually got a job as a controller for a friend who had just been named as the receiver for a financial services company. Within a short period of time Phillips began writing checks to himself that had nothing to do with payroll. How was the fraud discovered?
a. The president received a bank statement containing canceled checks that had been written to Phillips.
b. The receiver received a call from the bank asking him to verify a check.
c. A vendor received a check in error reported it to the operations manager.
d. The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.
Consider the following statement: "the problem with economics is that it assumes that consumers and firms always make the correct decisions. But we know that everyone makes mistakes." What is the most correct response to this statement?
Answer:
Economists do not assume that consumers and firms always make correct decisions, instead they assume that consumers and firms make rational decisions
Explanation:
This assumption that firms and consumers make rational decision is based on the economic rationality principle. The principle theorizes that people will usually consider actions, decisions and options based on logical thinking rather than other subjective elements such as morals, psychology and emotion. As a result of this principle economists assume that people will always make rational decisions.
The meaning of this is that consumers and firms would usually weigh the pros and cons of an issue before taking a decision and as described in the correct statement, rational decisions are logical decisions they do not necessarily mean they are correct decisions.
A consumer can make a logical decision to buy a product based on information made available but this may be a wrong decision because the information is misleading or wrong. It is a logical but incorrect decision.
BMW recently decided to build a manufacturing plant in Shenyang. China. At this plant, BMW is able to take advantage of paying lower wages to its Chinese workers than it pays its German workers, but it also sacrifices the high levels of technical training possessed by its German workers. In deciding to open the Shenyang plant, BMW.
A) faced no trade-offs because employing lower-wage workers increased efficiency
B) faced a trade-off between higher cost and lower precision.
C) adopted a negative technological change because it replaced high-skilled workers with low-skilled workers.
D) eroded some of its competitiveness in the luxury car market because of its decreased cost of production.
Answer:
B) faced a trade-off between higher cost and lower precision.
Explanation:
A trade-off represents a sacrifice made by preferring one choice over another. A trade-off occurs when an organization or an individual has to decide between options. Some economists will interchange the phrase trade-off and opportunity cost. The trade-off cost will represent the cost of the forfeited benefit for not deciding in a particular way.
BMW had to choose between continuing with highly skilled and expensive German technicians or work with less qualified but cheap Chinese employees. The company decided to operate in china using the lower cost of labor. The skilled German technicians are the trade-off. The opportunity cost or trade-off cost will be the efficiency and precision of the German technicians.
The objective of general-purpose financial reporting is to provide financial information about a reporting entity to each of the following except:______________
A. potential equity investors.
B. potential lenders.
C. present investors.
D. All of these answers are correct.
Answer:
D) All of these answers are correct.
Explanation:
A company's financial reports are not top secret, their taxes are based on them. They main purpose of preparing financial reports is to provide useful information for current and potential investors, and current and potential lenders.
Any company that needs to raise equity must show their financial reports to current and potential investors so that they can decide whether to invest or not in the company. Publicly traded corporations must present their financial records to the market. Every single bank (or any other type of lender including investors willing to buy bonds) will request a copy of the financial statements to analyze if the company is going to be able to pay them back.
"Which kind of marketing involves sending an offer, announcement, reminder, or other item to a person at a particular postal address?
Answer:
Direct-mail marketing
Explanation:
through the advent of technology, it is very easy to do marketing with the help of internet, phones, email e.t.c hence it is called Digital marketing.
Digital marketing has started becoming the current trends of business now a days where the seller and buyer makes transaction online without physical contact and the seller is bound to send the items to the address of the buyer and announce the delivery to that location.
A form of digital marketing which is Direct mail marketing involves sending an offer, announcement, reminder, or other item to a person by Post or mail.
This action has makes business very easy and profitable because there is no debt involves. there are so many companies involves in digital marketing e.g Jumia, Konga, Ebay, e.t.c.
If the Fed sells $2 million of bonds to the First National Bank, what happens to reserves and the monetary base?
Use T-accounts to explain your answer.
Answer:
Reserves fall by $2 million, and the monetary base falls by $2 million.
Explanation:
In the books of First National Bank, the purchase of $2 million of bonds by First National Bank, from the Federal Reserve means there is a reserve with the Federal Reserve represented by security which stands as asset.
In the books of the Federal Reserve, The sales of bonds to First National Bank will create a liability from the reserve assets.
See attached for the T-accounts explain the answer
Says, "Wealth gotten by vanity shall be diminished:________ but he that gathereth by labour shall increase." In other words, a person who tries to get money by fraudulent means will not get more, but the steady worker will add to his savings.
Answer:
True (From Proverbs 13:11)
Explanation:
A biblical quote from the bible book of Proverbs 13:11.
For example, a gambler who in effect tries to get money by fraudulent means will not get more or since the money has come easily, he may have very little appreciation for its value.
But someone who labours or do steady work will indeed add to his savings.
A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed manufacturing overhead of $120,000. The budget for 25,000 hours would reveal total overhead costs of: A.None of the answers is correct. B.$350,000. C.$290,000. D.$270,000. E.$210,000..
Answer:
Option (D) $270,000
Explanation:
Data provided in the question:
Variable overhead for 15,000 hours = $90,000
Fixed manufacturing overhead = $120,000
Now,
Variable overhead per hour = $90,000 ÷ 15,000
= $6 per hour
Therefore,
Variable overhead for 25,000 hours = $6 per hour × 25,000
= $150,000
Thus,
Total overhead cost
= Variable overhead for 25,000 hours + Fixed overhead cost
[ Fixed overhead cost is independent of number of units or number of hours]
= $150,000 + $120,000
= $270,000
hence,
Option (D) $270,000
_____ refers to what sets an organization apart from others and provides it with a distinctive edge for meeting customer or client needs in the marketplace. a. Due diligence b. Organizational culture c. Competitive advantage
Answer: (C) Competitive advantage
Explanation:
The competitive advantage is the term that refers to the condition of an organization for producing the various types of products and the services at some reasonable price that helps in generating the more number of sales.
The importance of the competitive advantage is that it helps in providing the distinctive edge for fulfill the requirement of the consumer and as well as client in the market.
Therefore, Option (C) is correct answer.
Which of the following groups uses accounting information primarily to insure the entity is operating within prescribed rules?
A. Taxing authorities
B. Regulatory agencies
C. Labor Unions
D. Management
Answer:
B. Regulatory agencies
Explanation:
Regulatory agencies are external users of accounting information.
External users of accounting information are people or organisations outside an organisation that makes use of accounting information.
I hope my answer helps you
The petty cash fund had an initial imprest balance of $ 100. It currently has $ 20 and petty cash tickets totaling $ 75 for office supplies. The entry to replenish the fund would containa. a credit to Cash Short & Over for $5.b. a credit to Petty Cash for $80.c. a debit to Cash Short & Over for $5.d. a debit to Petty Cash for $80.
Answer:
c. a debit to Cash Short & Over for $5
Explanation:
Given information
Initial imprest balance = $ 100
Ending cash balance = $20
Office supplies = $75
So, the remaining balance would be
= Initial imprest balance - Ending cash balance
= $100 - $20
= $80
The journal entry would be
Office supplies A/c Dr $75
Cash Short & Over A/c Dr $5
To Petty cash A/c $80
(Being the replenish the fund is recorded)
A(n) ________ collects data from various key business processes and stores the data in a single comprehensive data repository, usable by other parts of the business.A) transaction processing systemB) enterprise systemC) automatic reporting systemD) management information system
Answer: Enterprise System.
Explanation:
An enterprise system is a software system used by an organization to gather information/data from different departments in the organization: The information gathered can be easily accessed or used by the different departments of the organization.
Sixteen-year-old Dave was an exchange student in Europe for a year. When he returned, he had altered many of his ways of thinking about people because his new experiences did not fit his old concepts. What Piagetian process was at work?
The Piagetian process that was at work here in the given excerpt is accomodation.
Explanation:
The three basic components of the Piaget's cognitive theory are namely
1. Schemas - these are the building blocks of knowledge.
2. Adaptation process - this includes equilibrium, assimilation and accomodation.
3. Stages of cognitive development - former operational, concrete operational, preoperational and sensorimotor.
Accomodation:
The accommodation stage is when the existing knowledge (schema) doesn't work and it requires a change or an updation to deal with the upcoming situation.
Here, Dave makes an accomodation since his old school of thoughts did not fit in his present scenario.
Joanna received $55,800 compensation from her employer, the value of her stock in ABC company appreciated by $12,400 during the year (but she did not sell any of the stock), and she received $34,600 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?
Final answer:
Joanna's gross income from the described items would be $55,800, as only the compensation from her employer is considered taxable. The stock appreciation is not taxable unless sold, and life insurance proceeds are generally not taxable.
Explanation:
Calculation of Joanna's Gross Income
To calculate Joanna's gross income, we need to consider the types of income that are taxable and those that are not. In this scenario, Joanna received $55,800 as compensation from her employer, which is fully taxable. Her stock in ABC Company appreciated by $12,400; however, since she did not sell any of the stock, this unrealized gain is not considered taxable income. Lastly, the $34,600 of life insurance proceeds from the death of her husband is generally not taxable. Therefore, the only amount that should be included in Joanna's gross income is the compensation received from her employer.
Gross Income from Compensations: $55,800
Unrealized gains and life insurance proceeds are typically excluded from gross income calculations for tax purposes, which means the amount from stock appreciation and the life insurance proceeds are not counted as part of Joanna's gross income.
When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be debited or credited. Instead, the account which ultimately affects retained earnings should be debited or credited.True / False.
Answer:
True
Explanation:
Retained earnings are the net earnings of an entity accumulated over time after payment of dividend. It is that part of earnings that is retain for expansion by the entity.
Generally, retained earnings are not changed by direct posting except it is prior year adjustment. in some entities, the amount that is transferred to retained earnings is system generated. Most transactions that affect retained earnings are debited or credited to account which ultimately affects retained earnings
What is the present value of the following series of cash payments: $1,200 per year for four consecutive years starting one year from today, followed by annual cash payments that increase by 3% per year in perpetuity (i.e. cash payment in year 5 is $1,200*1.03, cash payment in year 6 is $1,200*1.032, etc.)? Assume the appropriate discount rate is 9%/year.
Answer:
$21,964
Explanation:
Present Value = 1200 × cumulative pv factor for year 1 to 4 (9%, 4y) + [tex]\frac{1200(1\ +\ .03)}{(.09\ -\ .03)}[/tex]
Present value = 1200 × 3.2397 + 1236/.06
Present Value = 3887.64 + 20,600 = $21,964 approx.
For the first four years, cash flows can be computed by multiplying $1200 by cumulative present value factor at 9% rate for 4 years.
Fifth year onwards, the cash flows are expected to increase by 3% whereas discounting factor is 9%. So the value 5th year onwards till perpetuity would be increased cash flow for year 5 discounted by excess of present value factor over growth rate (9% - 3 %)
In the cost formula (Y = a + bX) that is used to estimate the total manufacturing overhead cost for a given period, the letter "a" refers to the estimated
Answer:
a = Total Fixed Cost
Explanation:
Total Cost is the total expenditure incurred on production of goods & services.
Total Cost can be segmented into : Fixed Cost - on fixed factors (eg plant), not varying with level of output and Variable Cost - on variable factors (eg raw materials), directly varying with level of output.
In Total Cost Function : Y = a + bX ; a = Constant Fixed Cost , bX = Variable cost varying with level of output X.
Opening a corner coffee shop is a relatively simple process with low-to-moderate start-up costs. The five forces model would suggest that ______________ is a strong force.
Answer:
Threat of New entrants
Explanation:
Opening a corner coffee shop is a relatively simple process with low-to-moderate start-up costs. The five forces model would suggest that in this industry, threat of new entrants is a strong force.
In the scenario, there is a low barrier to entry and it requires little capital to enter into the coffee shop industry, hence the factor of 'threat of new entrant' is a strong force.
Quick-service restaurants are likely to spend __________ percent of their income on advertising, more than is spent by the casual, fast casual, or family restaurant, or the dinner house.
Answer:
The correct answer to the following question will be "4 to 5".
Explanation:
Fast-service restaurants are inclined to spend 4 or 5 percent of their sales on ads, almost as much as the casual, fast-casual, or family restaurant, or dining room, does.
Ways to attract further friends to Hotel Streamline Booking procedures:
Manage the deals and prices. Customize Hotel Experience. Harnessing Internet Energy. Up The Stakes Social Media.With your friends, log in Evaluate Chambers.
Therefore, 4 to 5 is the right answer.
The staff educator is presenting a class on cardiac dysrhythmias. How would the educator describe the characteristic pattern of the atrial waves in atrial flutter?
Answer:
Sawtooth.
Explanation:
A staff educator is presenting a class about cardiac dysrhythmias. By sawtooth, the educator will describe the characteristic pattern of the atrial waves in atrial flutter. Sawtooth waves are recognized for their performance in music. Sawtooth as well as square waves are a part of the most typical waveforms utilized to generate vibrations. It is also utilized in switched-mode power accumulations
Atrial flutter is characterized by an abnormal heart rhythm seen on an ECG with more P waves than QRS complexes in a 'saw-tooth' configuration, due to rapid and regular atrial depolarizations from a re-entrant circuit in the atria. This rhythm is too rapid for the ventricles to keep up, resulting in fewer QRS complexes
Explanation:Atrial flutter is characterized by rapid and regular atrial depolarizations in an abnormal rhythm. When observing an ECG of a patient with atrial flutter, it is commonly noted that there are more P waves than QRS complexes. In fact, on the ECG trace, the 'saw-tooth' configuration is representative of atrial flutter; this is because the atrial rate may be between 240 to 350 beats per minute.
Essentially, in atrial flutter, atrial depolarization, which is represented by the P wave, is organized but rapid and with repetitive electrical signals. These depolarizations occur as a result of a re-entrant circuit within the atria and are too rapid to allow time for the associated ventricles to respond to each stimulus. Hence, there are more P waves than QRS complexes.
The ECG is a valuable tool for diagnosing cardiac conditions like atrial flutter by visualizing the P waves, T waves, and QRS complex to understand the electrical activity and function of the heart.
Learn more about Atrial Flutter here:https://brainly.com/question/30414659
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Which of the following is the best reason why cost accounting information does not need to be comparable to similar information in other organizations?
A) Because no publicly traded companies use cost accounting.
B) because it is only used by investors and creditors.
C) because IFRS and cost accounting are converging which eliminates the need for comparability,
D) because managers that use this information are making decisions only for their organization.
Answer:
The correct answer is (D)
Explanation:
Every organisation has a different set of accounting principles and they use different accounting software’s. Overall, the accounting information of one organisation is not related or comparable with any other organisation because managers usually use that accounting information to make organisational decisions on for their organisation. A firm cannot make a decision by considering accounting information of any other firm.