The relationship between a manager's level of power and the degree of flexibility they decide to give their workforce is depicted by the Tannenbaum and Schmidt continuum. As the team's flexibility increases, the manager's authority should decrease.
Robert Tannenbaum and Warren Schmidt, contingency theorists, claimed that leadership behavior varies along a continuum and that the level of follower involvement and participation in decision-making grows as leaders move away from the authoritarian extreme (1958, 1973).
Taylor and Schmidt The manager's amount of power and the degree of flexibility they grant their staff are correlated, as shown by the continuum model.
According to the follower, the situational leadership model tackles four different leadership philosophies: selling, telling, and influencing.
Participating.
Delegating.
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in 2021, the u.s. president declared a federal disaster due to the flooding in houston. danielle lives in that area and lost her home in the flood. what choice best reflects her options regarding when she can claim the loss on her tax return?
in 2021, the US. president declared a federal disaster due to the flooding in Houston. Danielle lives in that area and lost her home in the flood. She claimed in 2018 or 2019.
The Federal Emergency Management Agency is an agency of the United States Department of Homeland Security, originally created under President Jimmy Carter under Presidential Reorganization Plan No. 2. Implemented by his two Executive Orders of March 3, 1978 and April 1, 1979.
A disaster declaration is a formal declaration by a jurisdiction that a disaster or emergency has exceeded its ability to respond and/or recover. Declarations are generally made after a disaster occurs, but may be made when a disaster is judged to be imminent.
A disaster is a severe disruption in the functioning of a community, beyond its ability to cope. Disasters can be caused by natural disasters, man-made disasters, technological disasters, and various factors that affect the vulnerability and vulnerability of communities.
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an owner of a small publishing company allowed a friend who was starting a handmade soap business to load the publishing company's copy of microsoft word onto the friend's computer. this activity is
Handmade soap business to load the publishing company's copy of Microsoft word onto the friend's computer. this activity is both illegal and unethical.
What is business?
An organisation or enterprising entity engaged in business, industrial, or professional activities is referred to as a business. A business's goal is to coordinate some form of economic production (of goods or services). Businesses can indeed be for-profit corporations or charitable organisations working to advance a social cause. Businesses range in size and scope from small, local enterprises to large, global conglomerates. A person's efforts and activities to produce and sell products and services for a profit are also referred to as business. An organisation that runs for commercial, industrial, as well as professional purposes is frequently referred to as a business. The concept starts with a name and an idea, and in-depth market research may be necessary to ascertain whether it is feasible to turn this same idea into a profitable.
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question 3 as a project manager, you choose the best project management methodology for your team and ensure they adhere to it throughout the project. what project management responsibility does this represent?
The project management responsibility does this represent Help teammates adopt the right workflows and project management styles.
How do you pick the most effective project management approach?The objectives of stakeholders and clients.
how much time you have left before the deadline.
The project's anticipated budget.
Which project management approach is most popular?Important Path Method (CMP)
Project Management for Critical Chains.
Lean.
Six Sigma Technique
Programming in extremes (XP)
Scrum.
PRINCE2.
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The multiplier is 5 and, as a result of a change in expenditure, equilibrium expenditure and real gdp change by $200 billion. What was the initial change in autonomous expenditure?.
The initial change in autonomous expenditure is $40 billion
Calculation
Multiplier (k) = 5
Change in real GDP (Δy) = $ 200 billion
So, k = Δy/ΔA
k = $200/ ΔA
ΔA = 200/k = 200/5 = 40
Hence, ΔA = $40 billion
What is expenditure?An expenditure is a payment made in cash or on a credit card to buy goods or services. Unlike an expense, which is documented in a period after it has been used up or expired, it is recorded at a single point in time (the time of purchase). The various sorts of expenses utilized in accounting and finance will be covered in this handbook.An accountant must provide proof that a transaction took place in order to report the occurrence of an expense. A sales receipt, for instance, will serve as evidence of an over-the-counter transaction, whereas an invoice will serve as a demand for payment for products and services. Organizations can maintain strict control over their transactions thanks to documentation. The objective is often to forecast earnings and losses while still monitoring revenues.To learn more about expenditure, refer to https://brainly.com/question/935872
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which statement is true of the marketing environment? multiple choice unemployment problems are a part of regulatory forces affecting the marketing environment. the public's opinions belong to the competitive forces influencing the marketing environment. a marketing manager can influence some environmental variables. environmental forces remain static. the forces in the marketing environment cannot be controlled under any circumstance.
A marketing manager can influence some environmental variables is a true statement of the marketing environment.
The marketing environment refers to all inner and outside elements, which without delay or indirectly have an impact on the company's decisions associated with advertising activities. internal elements are inside the manipulate of an corporation; whereas, external elements do now not fall within its control.
Market environment and enterprise environment are advertising and marketing terms that talk to factors and forces that affect a company's capacity to construct and preserve successful customer relationships.
A advertising surroundings encompasses all of the internal and external elements that power and have an impact on an corporation's advertising sports. advertising managers need to stay privy to the marketing surroundings to hold fulfillment and address any threats or possibilities which can affect their work.
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the milken company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,886 today. what is the annual return on this investment?
The annual return on this investment in the Milken company is 3.4%
Define annual return.An investment's average yearly return over a given time period is known as its annual return or annualized return. In order to depict what the yearly return compounded would appear to be, the return is annualized using a geometric average calculation. By dividing the total gain or loss at the end of the year by the initial investment made at the beginning of the year, the annual rate of return is determined.
Total returns at the end of 8 years = $10,000
Total investment today = $ 7,886
Total returns from the investment = $2,114
Annual return = $524 ($2,114/8)
= 3.4% ($264.25/$7,886 × 100)
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13. if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for july?
The estimated cost if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $ 7 per direct labor-hour is given as $ 198,000 the gross margin is given as $ 462,000
What is the fixed manufacturing overhead?This is the term that is used to refer to the overhead that is incurred based on the fact that the component of the factory overhead is found to be different from the volume that is made from production.
Some of the examples that may lead to this are depreciation, the managers salary, insurance that is made on the facility that is used for production.
How to solve the problemGiven that the fixed cost of manufacturing has been said to be zero. WE would have to solve for the cost of the good as
11000 x $18
= $198000
We can then calculate the gross margin to be
$ 660000 - $ 198000
= $462,000
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
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complete question
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.
consider the assembly line of a laptop computer. the line consists of 10 stations and operates at a cycle time of 2.00 minutes per unit. their most error-prone operation is step 2. there is no inventory between the stations, because this is a machine-paced line. final inspection happens at station 10. what would be the information turnaround time for a defect made at station 2?
If station 2 is their most error-prone operation, then the information turnaround time for a fault created there would be cycle time of full line = 2 minutes/unit.
This means that one unit is made in 2 minutes. In the line of 10 stations the 2nd step is the most error prone.
Error made at step 2 means that unit must be processed by 8 other error-prone stations in order to be made and inspected at 10th station.
Thus, Information turnaround time = cycle time x number of stations after cycle time error is made
= 2 x 8 = 16 minutes
The authors quantify coupling and strength ratios in software systems and utilize the ratios to pinpoint error-prone system structures using error-prone data bindings, which are metrics of data interaction. For the empirical analysis, a 148000 source line system from a prediction environment was chosen. Data on software errors were gathered from error-prone the high-level system design, system testing, and system field operation.
In order to determine a hierarchical description of each of the 77 subsystems of the system, the authors employ a clustering technique cycle time along with a set of five tools to calculate the data bindings automatically. A nonparametric analysis of variance model is used to categorize subsystems and individual routines that have either a lot of errors or not many errors, or a lot of or not much work put into error correction.
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the income effect, the substitution effect, and diminishing marginal utility together explain: multiple choice question. the importance of prices. how markets function. why demand curves are downward-sloping. why demand curves exist.
The income effect, the substitution effect, and diminishing marginal utility together explain why demand curves are downward-sloping.
A consumer's increased enjoyment from owning one extra unit of a good or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate how much of a given good buyers are willing to buy. When a product's price increases, consumers may switch to less expensive substitutes, which results in a decline in sales. The income effect and the substitution effect are the two factors that affect how much a consumer will desire of a commodity when its price changes. The Hicks substitution effect makes the new point of tangency and the old bundle different from one another.
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investment a costs $10,000 today and pays back $11,500 two years from now. investment b costs $8000 today and pays back $4500 each year for two years. if an interest rate of 5% is used, which alternative is superior?
If an interest rate of 5% is used, then investment A is superior.
Define interest rate.
A rate of interest tells you how expensive borrowing is or how advantageous saving is. Therefore, if you are a borrower, the interest rate is the cost of borrowing money and is stated as a percentage of the total loan amount.
The real interest rate accounts for inflation by calculating the rise in the loan's real value plus interest. The repayment of principal and interest is computed in real terms by comparing the amount to its purchasing power at the time it was borrowed, lent, deposited, or invested.
To find the NPV of two investments
NPV (A) = -10000 + 11500 (P/F, 5%, 2)
= -10000 + 11500*0.90703
= 431
NPV (B) = -8000 + 4500(P/A, 5%, 2)
= -8000 + 4500*1.8594
= 367
Since NPV (A) > NPV (B)
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suppose you are applying for a mortgage loan. the loan officer tells you that if you get the loan, the bank will keep the house title until you pay back the loan. which problem of asymmetric information is the bank trying to solve?
The bank and other financial institutions mortgage the property to cover the potential default risk in order to be on the safe side and reclaim the loan funds.
While every bank makes efforts in providing house loans. They run the danger of having defaulters because they are lending institutions. Since the financed amount is too high for the banks to lend to any one person, if a customer defaults or becomes an NPA, the bank will lose the money it had given to that specific consumer.So, in order to be on the safe side and to offset the losses associated with failure, the bank has mortgaged the property on which they are providing money. Once the debt is paid off, they do disclose the original property documents.
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suppose a firm is considering two mutually exclusive projects. one project has a life of 6 years; the other, a life of 10 years. both projects can be repeated at the end of their lives. might the failure to employ a replacement chain or eaa analysis bias the decision toward one of the projects? if so, which one and why?
These methods are being used to assess projects with varying life spans.
Failure to use these methods may result in unfavourable outcomes.
What is projects?
A project is defined as a series of tasks that must be accomplished in order to achieve a specific outcome. This same Project Management Institute (PMI) defines a project as "any temporary endeavour with a definite beginning and end." It can be managed by a single person or hundreds, depending on its complexity. All of these constraints are determined by the project's goals and timeline. Deliverables are the end result of a project. A deliverable is anything created during the course of a project's development, such as records, plans, and progress reports. A deliverable can also be the end result of a project.
Presuming that the cash flows remain constant throughout their lives, the decision would favour the project with the longer life, which may not be the case.
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a building was purchased for $69,500. the asset has an expected service life of eight years and depreciation expense each year is $5,000 using the straight-line method. what is the residual value of the building?
$29,500 is the residual value of the building. The estimated value of a fixed asset at the conclusion of its useful life or lease term is known as the residual value, sometimes known as salvage value.
How to calculate residual value ?
The estimated value of a fixed asset at the conclusion of its useful life or lease term is known as the residual value, sometimes known as salvage value.
Contractually, residual values are handled either through closed contracts or through open contracts. Remaining value of an asset after it has fully depreciated or after it has deteriorated beyond repair is known as residual value in accounting.
The market worth of the vehicle for the term and the needed miles serve as the starting point for the calculation of residual values, which is then followed by seasonality, monthly adjustment, lifetime, and disposal performance. In order to set the end value as the residual value, the leasing firm will utilise its own historical data to integrate the adjustment variables into the computation.
Calculate the residual value of the building
let the residual value be p :
5,000 = 69,500 - p)/8
40,000 = 69,500 - p
p = 69,500 - 40,000 = $29,500
Residual value of the building is $29,500
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business has increased such that a few years ago purple reign brought warehousing and distribution in-house to package and ship customer orders. with business continuing to expand, the company now is making the decision to continue to order boxes from box manufacturers or buy a corrugate machine that will manufacturer boxes to customized sizes on demand. the company expects to have 120,000 orders in 2022 and each order will use one box. when buying boxes from manufacturers, the company needs to buy different size boxes to account for different orders. this pushes the average cost of each box to $0.47. the box machine purple reign is considering costs $30,000, but lowers the variable cost of each box to $0.22 because the company is able to manufacture each box on-demand. if the company buys boxes from manufacturers, purple reign likes to have a contract with each to ensure needs are met to certain specifications. purple reign can have all contracts negotiated for $6,000. based on this information, and considering only the information we have based on 2022 projects, should purple reign purchase a box machine and make boxes on demand or should the company continue to buy boxes from outside providers? for 2022, what is the best economic decision?
When a corporation decides to manufacture its own boxes: $35,000 is the total fixed cost incurred ( Cost of Machine) Making one box typically costs $0.21. When a business decides to purchase boxes from manufacturers: Total Fixed Cost incur = $3000.
The total fixed cost formula is really an aggregation of all fixed costs that an organization incurs. By evaluating all costs as activity quantities change, these costs can be found. A cost is regarded as fixed if it does not change depending on the degree of activity. Some expenses are categorized as mixed expenses because they include both fixed and variable cost components.
Understanding how total costs are split between variable and fixed expenditures is essential for marketing. In order to accurately predict the revenue generated by various changes in unit sales and, consequently, the financial impact of suggested marketing initiatives, this distinction is essential.
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for which of the following manufactured/made products would job costing be more appropriate than process costing? a. wedding gown made according to client's specification/preference b. oil and gas c. chemicals d. liquid soap
The right answer is option a. wedding gown made according to client's specification/preference.
The required details about job costing is mentioned in below paragraph.
An accounting tool called job costing enables companies to track expenditures for specific jobs. The cost of labor, materials, and overhead for a particular project are added together to determine the job cost. A costing technique called job costing is used to estimate the price of particular jobs that are carried out in accordance with the customer's requirements. It is a fundamental costing technique that can be used in situations when there are numerous independent projects or contract activities. With TallyPrime, inventory management has just been lot easier.Businesses in the white-collar sector of the economy, such law companies, accounting firms, and private investment firms, can handle unique client accounts using job order costing. For instance, accounting firms may view every client as a separate task.
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jack took part in a survey in which he was asked to rank the importance of certain features of the smart television he had recently purchased. the result was then used by the surveying firm to assess the different attributes of the ranking. this survey would most accurately be termed a .
This survey would be accurately termed a Conjoint Analysis
Conjoint Analysis is a type of statistical analysis of data that is conducted in firms used in market research to understand the perspective of the people regarding the goods or services they are providing. It is done on the basis of breaking down the basic factors that affect a customer's reviews or the attributes that will directly affect a person's perception of the product.
The survey Jack took part in was regarding ranking the features of a smart television that he bought. The firm collected information about the attributes that are important while rating the product in order to get a proper analysis.
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an auto company decided to relocate its offices from huntsville, alabama to orlando, florida. the human resources manager of the auto company refuses to relocate to orlando due to family obligations. while she is searching for a new job, the manager will be considered: group of answer choices not fit for consideration for any human resource job cyclically unemployed frictionally unemployed structurally unemployed
While she is searching for a new job, the manager will be considered frictionally unemployed.
So, the correct option is C.
A person is considered to be unemployed when, despite possessing the necessary skills and credentials, they are unable to secure a position that would allow them to support themselves financially. A person who is transitioning from one job to another is said to be in a state of "friction unemployment. The management is not letting go under the current circumstances.
Due to duties to her family, the human resources manager quit her position. Her ability to pursue and join another career is demonstrated by this. Her time spent looking for work is regarded as frictional unemployment. Frictional unemployment occurs when workers migrate from their previous jobs to new ones or look for new employment. Because it has nothing to do with the causes of an underperforming economy, it is sometimes known as "natural unemployment."
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you have been asked to evaluate two alternatives, x and y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. the parameters associated with each alternative have been estimated. compute the present worth of both alternatives. which one should be selected on the basis of a present worth comparison at an interest rate of 12% per year?
Cash flow (CF) is the change in the quantity of money that a company, institution, or person has. The phrase is used in finance to refer to the volume of money (currency) produced or spent over a specific period of time.
Alternative X is currently valued $ -77543.8, whereas Alternative Y is currently worth $ -74625.7. Alternative Y must be chosen. Here, the cash flow needs to be discounted as follows:
Discounted cash flow added together equals present value:
Alternative X's current value is equal to (-30000/(1+0.14)0)+(-14000/(1+0.14)1)+(-14000/(1+0.14)2)+(-14000/(1+0.14)3)+(-14000/(1+0.14)4)+(-13000/(1+0.14)5) = -77543.8.
-60000/(1+0.14)0)+(-6000/(1+0.14)1)+(-6000/(1+0.14)2)+(-6000/(1+0.14)3)+(-6000/(1+0.14)4)+(5500/(1+0.14)5) = -74625.7 is the present value of the alternative.
We must choose alternative Y since the present value of Y is negatively smaller than the present value of X. There are several kind of cash flow, therefore it's critical to comprehend what each one is. Any of the categories could be meant when someone mentions CF.
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A share of stock with a beta of 0. 75 now sells for $50. Investors expect the stock to pay a year-end dividend of $2. The t-bill rate is 4%, and the market risk premium is 7%. Suppose investors believe the stock will sell for $52 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? what will investors do? at what price will the stock reach an "equilibrium" at which it is perceived as fairly priced today?.
The price of stock is $52.625.Dividend equals $2 T-bill rate equals 4% 7% is the market risk premium. Year-end cost equals $52 . Opportunity Cost of Capital is 9.25%
What is the Opportunity Cost of Capital?Whether the real return will be higher, lower, or the same as the needed return (opportunity cost of capital) will determine what the investors will do.
You may determine the actual return by utilizing the holding period return, which is;
Equals (Earnings(Dividends) + (Ending Stock Price - Beginning Stock Price))/Beginning Stock Price
= (2 + (52 - 50))/50
= 4/50
= 8%
The CAPM can be used to determine the Opportunity Cost of Capital.
beta(Market Premium) + Risk Free Rate
= 4% + 0.75(7%)
= 9.25%
the Possibility The stock is a bad buy since the cost of capital is higher than the actual return from the investment. Beta is set to 0.75. Price today is $50.
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Dante went to school to laern about hvac systems he laernred aerned a dagree that certifies he know's how to correctly and safley install larg ari condining units what compeny
A large construction company building a new hospital in the Architecture and Construction career cluster that might be interested in hiring Dante .
What is career?This is the specialized job that a person has that allows him to earn a living.Variable-air-volume (VAV) systems with a packaged rooftop unit are three of the most commonly used systems for commercial buildings. System components include a chiller, a cooling tower, and a boiler. Water-source heat pump systems that include a cooling tower and a boiler.As a result, we can see that the company in the Architecture and Construction career cluster that may be interested in hiring Dante is a large construction company that is constructing a new hospital.This is due to his HVAC system certification, and the hospital would require several air-conditioning units.To learn more about careers refer to :
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Answer:
A large construction company building a new hospital
Explanation:
I took the test
the traditional income statement uses which of the following cost categories? multiple choice 1 variable expenses and fixed expenses. cost of goods sold and fixed expenses. operating expenses and selling and administrative expenses. cost of goods sold and selling and administrative expenses.
The traditional income statement uses the costs of goods sold and selling and administrative expenses. Thus, option 4 is the answer.
The income statement refers to the final report of expenses, incomes, and the profit and loss which is incurred by a company based on its production and sales. A traditional income statement refers to an income statement where the net cost of production, as well as the number of products sold, is both taken into account.
The cost of goods sold and selling are part of the revenue. Revenue refers to the income that is gained by a company after selling its products or services.
Administrative expenses refer to the cost of production which is incurred on the production of the product or service. It is the expenditure that is carried out.
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a client is looking for a very safe instrument that will not produce any current income but will provide a payout in ten years, providing funds that can then be deployed towards an educational goal. what is the most appropriate choice for this client?
The most appropriate choice for this client is treasury strip.
Bonds known as Treasury STRIPS are offered for sale below their face value. When the bonds mature, the investor is given their entire face value back rather than receiving interest payments. Separate Trading of Registered Interest and Principal of Securities, or STRIPS, is an acronym. Since they do not pay interest or coupons, these bonds are frequently referred to as zero-coupon bonds.
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the balance sheets of davidson corporation reported net fixed assets $620,000 at the end of year 1 and $340,000 at the end of year 2. net sales for year 2 totaled $1,440,000. what is the fixed-asset turnover ratio for year 2?
The fixed asset turnover ratio is 3.0
Net fixed assets for year 1 = $620,000
Net fixed assets for year 2 = $340,000
Net sales for year 2 = $1,440,000
Analysts typically utilize the fixed asset turnover ratio (FAT) to gauge operating performance. This efficiency ratio assesses a company's capacity to generate net sales from its fixed-asset investments, specifically property, plant, and equipment (PP&E). It compares net sales (income statement) to fixed assets (balance sheet) (PP&E).
Fixed Asset turnover ratio is given by:
= Net sales for years 2/{(Net fixed assets for year 1 + net fixed assets for year 2)}/2
= 1440000/{(620000+340000)}/2
= 3.0
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a company has a retained earning statement that shows that it did not pay a dividend to shareholders last year. this may lead a potential investor to conclude:
According to a company's retained earning statement, it did not distribute a dividend to shareholders last year. A potential investor might draw the conclusion from this that management might be concentrating on a growth strategy.
Enlist the types of dividend.In general, a dividend is viewed as a cash payment made to the owners of firm stock.
Of all the dividend forms, cash dividends are by far the most prevalent. The board of directors decides to pay a certain dividend amount in cash to shareholders who held the company's stock on the day of declaration.A stock dividend is the free distribution of common shares by a firm to its common shareholders.Scrip dividends, which are effectively promissory notes (which may or may not include interest) to pay shareholders at a future date, are sometimes issued by companies that may not have enough cash on hand to pay dividends in the near future. A note payable is created by this dividend.A liquidation dividend is declared when the board of directors wants to return the capital that shareholders initially invested as a dividend. This action could signal that the company will eventually close.An organization may choose to distribute a non-cash dividend to investors rather than paying out in cash or stock. Record this distribution at the assets that were distributed's fair market value. The fair market value of the assets is probably going to differ significantly from their book value, thus the corporation will probably record the difference as a gain or loss. This accounting rule may occasionally cause a company to purposefully pay property dividends in an effort to change its reported and/or taxed income.To know more about, dividend, visit :
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question mode multiple select question select all that apply what method(s) can be used to estimate progress toward completion for the purpose of recognizing revenue over time? (select all that apply.)
Input method, output method can be used to estimate progress toward completion for the purpose of recognizing revenue over time.
What do you mean by revenue?
In accounting, revenue is the entire amount of income created by the sale of goods and services related to the principal operations of the business. Commercial revenue can also be referred to as sales or turnover. Some businesses get money from interest, royalties, or other payments. "Revenue" can refer to income in general or to the amount earned in a monetary unit during a period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income are commonly defined as total revenue less total expenses in a particular period.
Output and input methods are methods of monitoring progress toward complete completion of a performance requirement. An output method considers the current fair market value of products and services transferred to the client.
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american express charges a 5% discount fee on the $100 sale charged by a customer and remits the balance to the company. the company will record an entry on the date of the sale that includes a: multiple select question. debit to accounts receivable for $95 debit to accounts receivable for $100 debit to credit card expense for $5 credit to sales for $100 credit to credit card expense for $5 credit to sales for $95
American express charges a 5% discount fee on the $100 sale charged by a customer and remits the balance to the company. the company will record an entry on the date of the sale that includes a MacKenzie:
Debit Credit Card Expense $27.2, Debit Cash $652.8, and Credit Sales $680 According to the inquiry, MacKenzie Company sold $680 worth of goods to a customer who used a Regional Bank credit card. Regional Bank charges a 4.0% service fee for purchases made with its credit cards.
Further information indicates that MacKenzie sends credit card sales receipts to the credit card issuer online and receives money in around 5 days.
For the purposes of recording in the journal entry, it should be noted that a debit will be made for a card expense of (4% $680) = $27.2, leaving a credit for $680 in sales and a debit of $680 for cash ($680 - $27.2 = $652.8).
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Which of the following is true if a credit card company does not charge any interest?
A: The APR is 1%
B: The APR is 10%
C: The APR is 100%
D: The APR is 0%
Answer:
Explanation:
Here, the answer will be option D. The APR is 0%
A 0% APR means that you pay no interest on any transactions during a certain period of time.
APR represents the annual rate charged for earning or borrowing money. It stands for annual percentage rate and refers to interest on a credit account.
Credit card APR generally refers to the interest applied to your account during a given billing cycle. This is how APR is calculated for credit cards:
[daily rate] x [average daily balance] x [days in billing cycle] = credit card interest
Daily rate: You can find this by dividing your credit card’s purchase annual percentage rate by 365 (the number of days in a year). For example, if your APR is 18 percent, your daily rate is .00049 percent.
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If a credit card company does not charge any interest than the APR is 0%. APR represents the total yearly cost of a loan to the borrower, including all fees.
The APR is stated as a percentage, just like an interest rate. It does, however, contain other costs or fees such mortgage insurance, the majority of closing costs, discount points, and loan origination fees, unlike an interest rate. The best credit card APR is one that is around 10%, but you might need to visit your neighborhood bank or credit card union to discover one. An APR that is lower than the average would also be regarded favorably by the Federal Reserve, which monitors credit card interest rates.
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which type of salesperson is responsible for finding new customers and securing their business, typically by convincing the prospective customer to drop one or more competitors?
New-business salespeople is responsible for finding new customers and securing their business, typically by convincing the prospective customer to drop one or more competitors
How Important Are Sales In An Organization?Salespeople fill the gap between the product or service that satisfies a client's need and that need itself. It's the role of the salesman to complete the transaction by offering more information and assisting the consumer in making those connections when interacting with prospects who have already been warmed up by marketing and advertising efforts.The development of consumer loyalty and trust in businesses is significantly influenced by sales. The key factors that influence a customer's decision to refer your business to a friend or family member or to leave a positive online review of your goods or services are trust and loyalty.Selling is a powerful activity because it involves interpersonal communication. Never undervalue the impact that a personal connection can have on two people's perceptions of your brand.To learn more about salespersons, refer to https://brainly.com/question/25743891
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Roughly how many proposals for new television series do national broadcast and cable networks received every year?.
Due to their longevity and popularity with viewers, the "Big Three" traditional commercial broadcast television networks in the United States are CBS , NBC , and ABC (American Broadcasting Company). Nationwide full-power television stations have been required to broadcast only in digital format starting on June 13, 2009.
The Digital Television Transition is the transition of broadcast television from analogue to digital. Cable stations like Animal Planet, AMC, and Comedy Central don't use the public airwaves like broadcast networks channels do. Instead, they impose a subscription fee for transmission on viewers. Cable channels are independent businesses that provide all the benefits and drawbacks of demand-driven, independent media.
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all of the following are benefits of economic growth except a. improved health. b. urban congestion. c. reduction in illiteracy. d. political stability.
Urban congestion is not a benefit of economic growth.
What is economic growth?Economic growth describes the increase in quantity and quality of economic goods and services produced and consumed by society. Economic growth is easy to define, but very difficult to measure.Economic growth increases national efficiency and the supply of public goods. As the economy grows, the state taxes these revenues, providing the capacity and resources necessary to provide the public goods and services that citizens need, such as health care, education, social protection, and basic public services. You can get Average Annual Growth Rate – This is the average change for each of the four quarters. For example, if there are four quarterly growth rates of 2%, 3%, 1.5%, and 1% in 2022, the annual compound growth rate for that year is 7.5% ÷ 4 = 1.875%.To learn more about economic growth from the given link :
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