Wanda Elder is characterized by high emotional intelligence, which is demonstrated by her skilled interpersonal interactions and adeptness at understanding and managing both her own emotions and those of her colleagues.
Explanation:Wanda Elder is characterized by high emotional intelligence (EI). This is evident through her ability to read emotional cues with ease, express her own emotions appropriately within organizational norms, and assist employees in understanding their needs and managing difficulties.
Emotional intelligence in the workplace is a valuable trait, particularly in roles that involve leadership and human resources, as it encompasses the skills to accurately understand others' emotions, identify and label one's own emotions, and use emotions effectively to navigate social interactions and foster a productive work environment.
High emotional intelligence is linked to various workplace benefits, including improved job performance and the ability to inspire and motivate others, which are aspects of transformational leadership. Emotional intelligence has been shown to be a predictor of success in job training programs and learning on the job, further underscoring its relevance in managerial and complex technical jobs.
The prime interest rate is offered by banks to customers with the largest accounts and with very high credit ratings.
A) True
B) False
Answer:
A) True
Explanation:
The prime interest rate is that rate which interprets the creditworthiness of the customer that means which have the highest credit rating, the bank or financial institution gives the prime rate to the customers who maintain the largest accounts with the bank or financial institution.
The prime interest rate depends on loans like a business, personal loans, etc
How does the role of the department of labor (DOL) in the economy differ from that of the securities and exchange commission(SEC)?
A) The DOL oversees trade issues while the SEC is the nation's central bank
B) The DOL protects workers while the SEC oversees the stock market.
C) The DOL promotes economic growth while the SEC regulates that growth
D) The DOL addresses labor issues around the world while the SEC protects workers in the united states.
Answer:
B) The DOL protects workers while the SEC oversees the stock market.
Explanation:
The department of labor primary responsibilities is catering to the welfare of retirees, job seekers, and workers. The DOL promotes the well-being of employees by advocating for better working conditions and protecting their health care and retirement benefits. Department of Labor seeks to have employees profit from their time in employment. It administers several laws that concern workers, such as the occupation, health and safety, and the minimum wages.
The Securities and Exchange Commission (SEC) is a federal agency body that regulates the securities industry. The SEC proposes the rules in the securities exchange and options markets. The body promotes and demands integrity and fair practices from all players in the securities exchange industry.
As part of her company's SWOT analysis, Valerie is assessing the company's internal environment, including
a. competition.
b. the economy.
c. strengths and weaknesses.
d. demographics.
e. opportunities and threats.
Answer: Strengths and weaknesses
Explanation:
Valerie's SWOT analysis of her company, in it's internal environment would make her consider the strength and weakness of her company.
SWOT analysis is a form self assessment where individuals/organizations check for their internal strengths and weaknesses and also for external opportunities and threats.
When market price of a security has reached an equilibrium, transaction cost will be?
Answer:
The correct answer is (A)
Explanation:
Equilibrium in a security market shows that buyers and sellers have identified a price at which they can sell and purchase securities. This means that the gap between the bid price and ask price is small. Active trading takes place in a state where a security market reaches equilibrium, in this situation the commission or transaction cost tends to be lower.
Final answer:
At market price equilibrium, transaction costs will typically be at their lowest because all gains from trade have been exhausted and there is no incentive for market participants to change their behavior.
Explanation:
When the market price of a security has reached an equilibrium, the transaction cost will typically be at its lowest. This is because at equilibrium, the quantity demanded equals the quantity supplied, and no participant in the market has an incentive to change their behavior, making the market transactions efficient. In this state, all the gains from trade have been exhausted, and the price most accurately reflects the true discounted present value of the asset being traded. Buyer and seller interactions at this price will not create pressures for the price to change, thus the transaction cost, which includes the cost of finding a trading partner and negotiating a deal, is minimized.
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as
a. rent seekingbehaviorb. lack of accountabilityc. principal agent problemd. limited and bundled choice problem
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as limited and bundled choice problem.
Option d
Explanation:
In presidential elections, the voter has to select the candidate who is going to have the power of selecting the public services and goods that has to be financed by the tax money given by the voters.
The limited and bundled choice issue reduces the economic efficiency as a politician selects the programs with either positive or negative net benefits. The choices are bundled in that the limited set of candidates would govern over a multiple issues, and the preferences of the voters may not be perfectly aligned with any candidate.
The production budget is the first component of the operating budget. true or false
Answer:
false
Explanation:
The first component of an operational budget is the Income statement. The income statement shows all the earnings of the business.
A landowner conveyed his land to his wife, son, and daughter "as joint tenants with right of survivorship." The daughter then conveyed her interest to a friend. The wife subsequently executed a will devising her interest to the daughter. Then the son mortgaged his interest to a lender, who promptly and properly recorded the mortgage. The wife died, then the daughter's friend died, leaving a will that bequeathed her entire estate to the daughter. The daughter and the son survived. If the jurisdiction follows the title theory, who owns what interest in the land?
Answer:
The daughter and the son, unless the son does not pay his debt, which result in the lender owning interest to the land.
In this case the land was owned by three tenants, and the actions of one tenant may affect only their interest on the land, not the interest of the other tenants. Therefore the brother is still owner of the land unless he doesn't pay and the lender takes possession of joint tenancy of the land with the sister (or daughter to the deceased parents).
When the daughter conveyed her interest to a friend she only severed her own interest in the land, not the other tenants'. Since the friend and the wife stated in their will that the daughter was to inherit their share in the land, when they died the daughter regained ownership of the land (at least 2/3 ownership of the land).
At the end, the daughter will own 2/3 of the land and the son (or lender if he doesn't pay) will own the other 1/3 of the land.
Isaac is looking for a physical access solution for his company. He needs the solution to use asymmetric cryptography or public-key cryptography to authorize users. What type of solution is he seeking?
Issac is seeking challenge response token type of solution.
Explanation:
Difficulty-response encryption is in computer security a group of protocols where one party raises a request ("Challenge") and then another group must send a valid answer ("Response"). User verification, the most basic example of a request-response protocol, is the task for the right user.
Authentication of the Challenge response requires a cryptographic protocol to indicate that the recipient does not know the password by themselves. The result is then computed with the use of a cryptographic hash function in conjunction with the password of the recipient.
Lorna Perry, who works in a financial firm in Michigan, is required to calculate a large number of clients' accounts daily. She needs to tally figures and check accuracy at a high speed. Which of the following dimensions of intellectual ability does Perry most likely use?
a. deductive reasoning
b. number aptitude
c. extent flexibility
d. visual perception
e. perpetual speed
Answer:
B) number aptitude
Explanation:
Number aptitude or numerical aptitude refers to someone's capacity to quickly and accurately perform math calculations. Numerical aptitude is a cognitive ability that an individual may have a strong preference for or the capacity to perform. Usually people with strong numerical aptitude tend to work in engineering, finance, sales, computer science, scientific fields and accounting.
Lorna Perry, working in a financial firm and dealing with a large amount of numerical data, is most likely using her number aptitude. This dimension of intellectual ability involves the effective computation of numbers and the accurate and swift processing of numerical data. While other intellectual capacities might be employed, number aptitude is paramount in her role.
Explanation:In the context of Lorna Perry's work at a financial firm in Michigan, where she regularly calculates clients' accounts and needs to check the accuracy of large amounts of numerical data swiftly, she is most likely utilizing her number aptitude. This dimension of intellectual ability relates to the effective computation of numbers and the speedy, precise processing of numerical information. It is a vital skill in many business and financial roles, where arithmetic calculations and numerical accuracy are important. Visual perception, extent flexibility, deductive reasoning, and perpetual speed might also be involved in her tasks, however, when she primarily has to compute and verify figures, number aptitude is the most significant intellectual ability she likely uses.
Learn more about Number Aptitude here:https://brainly.com/question/10904874
#SPJ3
A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.
Answer:
Budget deficit / Fiscal deficit
Explanation:
At the start of the year, every government prepares a budget e.g. all sources of revenue (direct taxes, indirect taxes, aids etc) and projected expenses are also mentioned (development of society, defense etc.).
When a government spends more than its revenue from taxes so it means that government is running a budget deficit or a fiscal deficit which are covered through fiscal measures by government e.g. increasing taxes or reducing public spending.
Naomi has just arrived for her first day at work at GloboTech, a large technology company. The first thing the hiring manager, Evan, does is take her on a tour of the building, introducing her to her co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Evan leaves Naomi in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. Evan tells Naomi that he will be back in two hours to bring her to lunch with the entire team. All these activities are part of:__________
Answer: Orientation
Explanation:
The hiring manager is giving Naomi orientation on how things are done at her new work place.
The purpose of orientation in the question's illustration is to help Naomi familiarize with her new work environment and to enable her know what is expected of her in the new job role.
The disaster recovery plan focuses on technology recovery and identifies the people or the teams that are responsible to take action in the event of a disaster, what exactly these people will do when a disaster strikes, and the information system resources required to support critical business processes
A. True
B. False
Answer:
The correct answer is A. True
Explanation:
Disaster recovery plan refers to the processes set up by a company to ensure business continuity in the event of a natural or man-made disaster.
A good example of disaster recovery in an organization (like a bank) is the setting up of auto-replicating IT infrastructure in a different global region so that if the first region fails, the other region can instantly take over and prevent the bank's business from collapsing.
New investment is usually put into an economy when profit expectations are __________.
a- both b and c.
b- high
c- low
d- none of the above
Answer:
Thr correct answer is b. high.
Explanation:
New investment is usually put into an economy when profit expectations are high.
The rate of economic growth (means profit opportunity) affects the level of investment. Business investment tends to be quite volatile. If businesses see an improvement in economic forecasts, they will increase investment to meet future demand. Therefore, an improvement in the rate of economic growth can cause a substantial rise in investment. But, if there is an economic downturn and a fall in the rate of economic growth, business will cut back on investment.
However, in addition, to the profit expectations, the level of investment also depends on the rate of interest, business confidence, technological progress and, government regulations and policies .
Kelly and Jordan are writing a term paper together on the concept of "faithful representation" in the financial statements. Kelly is assigned the task of defining it in the context of an amount being an estimate. Which of the following statements should NOT be used by Kelly in her description?
A. Good faith attempt to gather evidence to support the amount
B. Clear disclosure of an amount as an estimate
C. The nature and limitations of the estimating process
D. Error free procedures in selecting and applying an appropriate process for developing the estimate
Answer:
A.
Explanation:
Since it is in context of an amount being an estimate, there is no need to gather evidence to support the amount.
Final answer:
Kelly should exclude the notion that processes for creating financial estimates can be error free, as faithful representation in financial statements requires acknowledging the inherent uncertainty in estimates.
Explanation:
Kelly should not use statement D, which suggests that the procedures for selecting and applying an appropriate process for developing an estimate are error free. The concept of faithful representation in financial statements recognizes the necessity of estimates, which can never be completely error free since they are inherently subject to judgment and uncertainty.
The focus should instead be on accuracy and the reliability of the information. Good faith efforts in gathering evidence (A), clear disclosure that a number is an estimate (B), and an understanding of the nature and limitations of the estimating process (C) are essential components of creating a faithful representation of financial estimates. This ensures that even though an exact sense of accuracy cannot be guaranteed, the representation can still be considered true.
Between _________, it is estimated that Spanish America produced 150,000 tons of silver (including gold converted into silver weight), corresponding roughly to 85% of the world production and underlying the extraordinary role of American silver in the money economies of Spain, Europe, the Middle East and Asia, especially China.
Answer:
1550 - 1750
Explanation:
The primary mining centers in colonial Spanish America were Potosi in southern Bolivia, and Zacatecas and Guanajuato in northern Mexico. Measured in current dollars, silver worth tens billions of dollars was extracted and shipped to Europe during colonial times, but currently those places are extremely poor.
Emily is her family's kinkeeper. This means that she assumes responsibility for _____. the financial stability of the family caring for her grandchildren while their parents work gathering the family for holidays and disseminating information regularly visiting family members who live in care homes
Answer:
Gathering the family for holidays and disseminating information.
Explanation:
Emily is the kinkeeper of the family, which means she is the one who is responsible for nourishing the family members. Emily is liable to gather family member on different family occasions. Kinkeeper is also responsible for almost every family problem. Kinkeeper generally provides all the information to the member regarding family background and traditions.
Several years ago, Sarah purchased a structure for $150,000 that was originally placed in service in 1929. In the current year, she incurred qualifying rehabilitation expenditures of $200,000. The amount of the tax credit for rehabilitation expenditures, and the amount by which the building's basis for cost recovery would increase as a result of the rehabilitation expenditures are the following amounts:_________
a. $20,000 credit, $180,000 basis.
b. $20,000 credit, $200,000 basis.
c. $20,000 credit, $350,000 basis.
d. $40,000 credit, $160,000 basis.
e. none of these.
Answer:
amount of the tax credit = $20,000
amount of basis for cost recovery = $180,000
Explanation:
given data
purchased structure = $150,000
rehabilitation expenditures = $200,000
to find out
amount of the tax credit and amount of building's basis for cost recovery
solution
first we get here amount of the tax credit that is express as
amount of the tax credit = 10% of rehabilitation expenditures .................1
amount of the tax credit = 0.10 × $200,000
amount of the tax credit = $20,000
and
mount of building's basis for cost recovery that is
amount of basis for cost recovery = rehabilitation expenditures - amount of the tax credit ...................2
amount of basis for cost recovery = $200,000 - $20,000
amount of basis for cost recovery = $180,000
Blazer Company sells merchandise with a one-year warranty. In Year 1, sales consisted of 2,800 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in Year 1 and 70% in Year 2. In the income statement for Year 1, Blazer Company should show warranty expense ofa. $19,600.b. $28,000.c. $8,400.d. $0.
Answer:
= $ 28,000.00
Explanation:
Warranty expenses are accounted for in the period in which they are incurred. This is in accordance with the accounting reporting standards.
For Blazer company: Year 1 sales 2800 units
Warranty per unit: $ 10 per unit
expected warranty cost: = 2800x $10
= $ 28,000.00
In which decision-making structure do participants typically meet, butonly interact with each other for part of the meeting?
A. Delphi method
B.Nominal group technique
C. Brainstorming
D. Constructive conflict
E. Electronic brainstorming
Answer:
The correct answer is (B)
Explanation:
Nominal group technique is an efficient decision-making method. The employees and group members make a decision collectively by discussing every possible scenario. In the nominal group technique, the members and employee write down their ideas and possible solution to the problems, and after comprehensively discussing they chose the best idea. It is considered as a good method of brainstorming.
Final answer:
The Nominal Group Technique (Option B) is the decision-making structure where participants meet and interact with each other only during certain parts of the meeting, which includes silent idea generation, sharing ideas, discussing, and voting.
Explanation:
The correct answer is B. Nominal Group Technique. The nominal group technique is a structured decision-making process that involves four key steps. Initially, each member of the group independently and silently writes down their ideas. Then, the group shares these ideas sequentially, ensuring everyone's contributions are heard. Following the idea generation, a discussion phase allows members to ask questions and clarify points about each idea, facilitating interaction. Finally, the process concludes with members voting on their preferred ideas.
This method is specifically designed to combat problems such as social loafing and to foster an environment of equal participation, which is why it is structured with parts of the meeting where interaction between members is limited to discussing and clarifying rather than continuous interaction.
What form notifies the borrower of the total amount of interest and property taxes paid in the previous year?
A. 1098B. 1099C. 1199D. 1198
Answer:
A) 1098
Explanation:
Form 1098 - Mortgage Interest Statement is used to report paid mortgage interest of $600 or more during the tax year. Taxpayers can deduct the interests included in Form 1098 from their taxable income. Only sole proprietors and individual taxpayers must file Form 1098.
Since the end of World War II, the trend in the corporate tax rate has been __________ relative to shifts in the entire economy.
Answer:
downward
Explanation:
Just after World War II ended, the corporate tax rate was lowered to 38%a little to encourage economic growth.
Then around the 1950s it started to increase as the American economy flourished (corporate tax rate during 1951 was 50%). The American economy's growth rate was extremely high during the 1950s and 1960s, and the corporate tax rate continued to increase until it reached a maximum of 52.8% in 1969.
Then the 1970s came around and recession with them, and the corporate tax rate started to lower to 48%.
During the early 1980s, the economy was still in a very bad shape and the corporate tax rate fell from 46% fro 1980 to 34% for 1990. During the middle years of the Reagan presidency the economy rebounded, but it again fell into recession when president Bush took over.
The 1990s again saw a surge of the American economy, during president Clinton's double term American economy grew a lot, and the corporate tax rate increased by 1%.
Then again another president Bush came and the economy sank again, and the Great Recession happened. The corporate tax rate remained unchanged.
Then came president Obama and the economy rebounded and started growing again, and luckily the growth hasn't stopped yet. President Trump decided to lower the corporate tax rate to 21% starting 2018.
Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides across an air track at constant velocity. b. A dishwasher was pulled up to a window by a rope using a pulley system. c. A feather falls from one end of a tube to the other inside a vacuum. d. A charged particle was pushed away by another charged particle.
d. A charged particle was pushed away by another charged particle.
This scenario involves a non-conservative force between moving charged particles.
The scenario that describes an object being acted on by a non-conservative force is option d. A charged particle was pushed away by another charged particle.
A conservative force is a force that does not depend on the path taken by an object, but only on the initial and final positions. Examples of conservative forces include gravitational force, spring force, and electrostatic force between stationary charges.
On the other hand, a non-conservative force is a force that does depend on the path taken by an object, such as frictional force and air resistance. In the case of charged particles, the electrostatic force between moving charges is a non-conservative force because the work done by this force depends on the path taken by the charges.
The other options (a, b, and c) involve conservative forces, such as the absence of force (a), gravitational force (b), and gravitational force in a vacuum (c).
Complete question:
Which of the following scenarios describe an object being acted on by a non-conservative force?
a. A puck hovers and glides across an air track at constant velocity.
b. A dishwasher was pulled up to a window by a rope using a pulley system.
c. A feather falls from one end of a tube to the other inside a vacuum.
d. A charged particle was pushed away by another charged particle.
The scenarios describe an object being acted on by a non-conservative force describes an object being acted on by a non-conservative force. The correct answer is option d. describes an object being acted on by a non-conservative force.
In scenario d., the charged particle experiences an electrostatic force due to the presence of another charged particle. Electrostatic forces are non-conservative because they do work on the charged particle, changing its kinetic energy.
This work is path-dependent and is not reversible, as it depends on the specific path taken by the charged particle.
In contrast, scenarios a., b., and c. describe situations where conservative forces are at play. In scenario a., the puck experiences negligible friction and moves at a constant velocity, indicating the absence of non-conservative forces.
In scenario b., the gravitational force acting on the dishwasher and the tension in the rope are conservative forces. In scenario c., although the feather falls due to gravity, in a vacuum, there is no air resistance to dissipate energy, making gravity a conservative force.
As a business owner who opens a business abroad, you can use different staffing strategies to determine how you will obtain your employees. Differentiate between the three types of staffing policies used by international companies and identify 2 advantages of each approach.
Answer:
The three staffing policies used are:
Ethnocentric, Polycentric, and Geocentric staffing
Explanation:
1. Ethnocentric staffing or better still ethnic based staffing in companies refers to a policy that places only employees from the company's home country in Top management positions.
Advantages
1. The culture of the entire organization is kept or retained by employees from the same home country of the company.
2. Only eperienced Employees are placed at Top management positions in the business of the firm. Very useful in cases where the domestic employees have less experience.
2. The polycentric staffing policy places home country workers to Top positions in company, and foreign employees (foreign nationals) to other lesser positions.
Advantages
1. Local or domestic employees offer their understanding of local market better, which increases the productivity of the company.
2. Opens job opportunities for the locals which encourages their career development.
3. The geocentric staffing policy allows any person qualified for the position, irrespective of their culture or nationality; whether foreign or domestic employees.
Advantages
1. It is highly neutral (unbias) and flexible.
2. Knowledge sharing and work diversity is encouraged.
International companies use three types of staffing policies: ethnocentric, with advantages like unified corporate culture and easier management; polycentric, which reduces cultural barriers and saves costs; and geocentric, fostering a global perspective and a wider talent pool.
Different Staffing Policies Used by International Companies
When a business owner opens a business abroad, there are three main types of staffing policies that can be employed: ethnocentric, polycentric, and geocentric.
Ethnocentric Staffing Policy
With an ethnocentric approach, key positions are filled by employees from the home country. Two advantages of this approach include:
Maintaining a unified corporate culture: This ensures that the core values and practices of the company are consistent across all international branches.Facilitating communication and control: Home country nationals are familiar with the company's headquarters, which can make managing international subsidiaries more straightforward.Polycentric Staffing Policy
A polycentric staffing strategy hires host country nationals to manage local subsidiaries while parent country nationals occupy key positions at the corporate headquarters. Two advantages include:
Reduced cultural barriers: Local managers are already accustomed to the culture and business environment of the host country, which can lead to smoother operations.Cost savings: Employing local staff reduces the need for expensive expatriate compensation packages.Geocentric Staffing Policy
Geocentric staffing selects the best person for the job regardless of nationality, aiming for a truly global workforce. Two advantages are:
Development of a global perspective: This approach supports a multicultural management team that can better understand and appeal to international markets.Increased pool of talent: Companies can draw from a wide range of highly qualified individuals, regardless of their origin, which may improve overall organizational performance.You are in the process of starting your own business, a specialty cupcake store. From your study of marketing, you realize that many of your business decisions, such as where to open the store and how to advertise it, will depend on the segment of the population you want to attract as customers for your product. You start looking at data about the types of stores in different parts of the town and the demographics of the individuals in different neighborhoods. What are you doing in this process?1. marketing to the environment2. engaging in category management3. selecting a target market4. analyzing the wheel of retailing5. creating a promotional strategy
Answer:
3. selecting a target market
Explanation:
Based on the information provided within the question it can be said that in this process you are selecting a target market. This involves choosing the correct market that will lead to as much sales revenue being generated as possible. This involves looking at a wide array of data in order to find what the individuals in each market are more likely to purchase.
The current logistics management approach is supported by which performance measurement concepts?a. metrics.b. total cost.c. least total cost.d. the D1 concept developed by the Supply Chain Council
Answer:
c. least total cost.
Explanation:
Logistics management signifies a supply chain management element that is practiced to satisfy client requirements throughout the planning, command, and implementation concerning the efficient movement including storage of relevant information, assets, and assistance from start to end. The current logistics management access is supported through the least total cost performance measurement ideas, so here the option C that is the least total cost is a reliable option among all of the options presented.
The current logistics management approach is supported by the performance measurement concept of: a. metrics.
Metrics in logistics management refer to the various measurements and indicators used to assess and evaluate the performance of the logistics and supply chain processes.
These metrics can include key performance indicators (KPIs) that help organizations track and improve aspects such as efficiency, cost-effectiveness, and overall effectiveness in managing the flow of goods and services.
According to the Investment Company Act of 1940, the definition of "investment company" could include which of the following
[A] broker/dealers who have investment discretion over more than 100 accounts
[B] A company whose business is to invest and reinvest in securities.
[C] Pooled investments in precious metals
[D] Insurance company general accounts funding fixed insurance and annuity contracts.
Answer:
Option (B) is the right answer.
Explanation:
According to the investment company Act of 1940, the investment companies are those companies whose main business is to gathers investment capital to invest them in marketable securities.
Hence According to the scenario, the most appropriate answer is option (B).
While the other option is incorrect because of the following reason:
Brokers/dealers can not be considered as an investment company because they are not the company. Pooled investments in metals are not an investment company but considered as the commodity pool. Insurance companies are also not investment companies.A company has diminishing marginal returns. Total production is 10 units when the first worker is hired. Total production rises to 15 units when the second worker is hired.
What happens to total production when the third work is hired if the company continues to have diminishing marginal returns?
Answer:
Explanation:
The output of first worker was 10 units . The addition of one worker adds 5 units to the total production which is less than output of first worker . This happens due to law of diminishing marginal return. When a third worker is added to the workforce , this time less than 5 units like 4 or 3 units will be added to the total production . So total production may range from 15 to 19 units due to possible addition of units , ranging from 0 to 4 units.
Madson Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?a.Prepaid Subscriptions................600,000..................Cash...................................600,000b.Subscriptions Receivable..........600,000................Subscription Revenue.............600,000c.Cash...........................600,000............Unearned Subscription Revenue.....600,000d.Subscriptions Receivable.............100,000.............Unearned Subscription Revenue....100,000
Answer:
C) Cash...........................600,000............Unearned Subscription Revenue.....600,000
Explanation:
January 31: 60,000 subscriptions sold
Dr Cash account 600,000 Cr Unearned Subscription Revenue account 600,000Since cash is an asset account and it increases, then it should be debited.
Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.
Walmart has a lot of power and exerts strong influence on the suppliers they buy from. This channel power is an example of a(n) __________ vertical marketing system (VMS).
Answer:
administered vertical market system
Explanation:
A regulated or administered vertical promotion structure refers to the framework in which, owing to its massive size, one participant of the manufacturing and distribution process is influential and unofficially conducts the essence of the vertical marketing network.
An illustration of such a framework may include a major retailer like Wal-Mart setting rules for tinier product manufacturers, such as a generic sort of washing detergent.
Managed vertical marketing programs do not use the delivery network's structured legal obligation and corporate control. Alternatively, one representative of the distribution platform produces adequate power to completely control the behavior of other representatives of the service offering.
A house is sold on June 15.The annual taxes in the amount of $850 for the year have not been paid. What does the seller owe the buyer at closing?
Answer:
The seller owe the buyer amounts to $384.25 at the closing
Explanation:
The amount to which the seller owe to the buyer at the closing is computed as:
= Number of days × Amount of taxes per day
= 165 × $2.3288
= $384.25
Working Note:
Number of days = January 1 - June 15
= 165 days
Amount of taxes per day = Annual taxes / Number of days in the year
= $850 / 365
= $2.3288 per day
(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)