When an organization uses a name, phrase, design, symbols, or a combination of these to identify products and distinguish them from its competitors, it is engaged in Branding.
What is product branding?
Product branding can be defined as then way in which companies tend to make use of unique name, unique design, unique specification among others that will help to differentiate their product from the product of others.
Product branding is essential for every companies that produces or manufactures a product based on the fact that branding a product can makes them to stand out from others who sell the same product as their but do not brand theirs.
Product branding is a form of marketing strategic use by manufacturing companies as it help to attract potentials customers to their product.
Therefore we can conclude that product branding is vital
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according to duffy fashion bloggers often group of answer choices go to school to learn how to blog are fresh out of school but have no experience have experience in fashion, journalism, design and/or marketing are novices without training or experience
According to Duffy fashion bloggers have experience in fashion, journalism, design and/or marketing.
A fashion blogger is someone who posts fashion and style-related articles, outfit photographs, and videos on their site. A fashion blogger is essentially a cross between a model, journalist, and stylist. A fashion blog might discuss a variety of subjects, including specific clothing and accessory products, beauty advice, developments in the apparel industry, celebrity style decisions, and street styles. From the biggest fashion design studios to the smallest freelance designers, they cover fashion at all levels. Like the contents of fashion magazines, many fashion blogs might also be labelled as shopping blogs. A few fashion retailers have created blogs to advertise their goods.
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In the hiring process, ____________ are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
A.
Subcontractors
B.
Classifieds
C.
Personnel
D.
References
In the hiring process, Classifieds are people who are willing to confirm the job candidate's previous employment and discuss the candidate's qualifications for the job being applied for.
The term "hiring process" refers to the search, selection, and hiring of new personnel by a business. The three main parts of this process are planning, hiring, and employment selection. According to the Society of Human Resource Management, the length of the hiring process is 42 days on average (SHRM.) 27 working days are reported as the average in other job research. Your hiring process timetable should be based on the typical time to fill positions in your industry.
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A share of stock with a beta of 0. 75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The 1 year t-bill currently sells for $961. 54, and the historic return on the market is 11%, the historic risk free rate is 4%. If the stock is perceived to be fairly priced today, what must be investors’ expectation of the price of the stock at the end of the year?.
Expected price next year = $62.58
Beta is 0.75, PO is $50, D1 is $2, RF is 11%, and RM is 4%.
Where,
Expected Dividend = D
Po = Price as of today.
Risk-free Rate is Rf.
Market risk premium is Rm.
g = rate of growth
Equity cost is Rf plus beta minus Rm.
Equity cost is 11% plus 0.75 and 4%.
Equity cost = 3.33%
Making use of the Dividend Discount Model to Estimate Growth Rate
(D1/P0) + g = ke
(2/50) + g = 3.33%
0.04 + g= 3.33%
g = 3%
Expected price for the following year = $2*1.033/ (0.03-0.033)
Expected price next year = $62.58
What is Expected price?
As its name suggests, predicted price level is a forecast that takes into account accurate evaluation of pertinent economic data to foretell what will happen with those goods and services in the future. Making changes to this level when new information becomes available is essential because unknowable factors may become real over time.
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nevin negotiates a deal for the sale of twenty-five acres of farmland to otis. nevin promises to hold the offer open for thirty days in return for a small payment.this is an example of
A scenario where Navin promises to hold the offer open for thirty days for selling his twenty-five acres of farmland to Otis in return for a small payment is an example of option contract.
In the field of business, an option contract can be described as a contract in which the owner of a property has set a certain time and date for the selling of an underlying asset. After this date, if the purchaser cannot make the required payment, then the contract is revoked.
In the scenario mentioned in the question, Nevin has set a time frame of thirty days for Otis to buy the land on sale. If Otis fails to pay the price till thirty days, the contract will be over. Hence, this is an example of an option contract.
Although a part of your question is missing, you might be referring to this question:
Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open for thirty days in return for a small payment. This is an example of
-direct contract
-option contract
- terminated contract
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a construction firm can achieve a $15,000 cost savings in year 1 and increasing by $2,000 each year for the next 5 years by converting their diesel engines to biodiesel fuel. at an interest rate of 15%, what is the present equivalent of the savings?
19194.4 is the present equivalent of the savings for the given question
The equivalent annual worth of the savings will be calculated thus:
Annual cost savings in year 1 = $15000
Increase in annual cost savings = $2000
Project period = 5 years
Interest rate = 15%
Annual worth of savings = A + G(A/G, 15%, 5)
= 15000 + 2000(15,000/2000, 15%, 5)
= 15000 + 2000(7500, 0.15,5)
= 15000 + 2000(2.0972)
= 19194.4
Therefore, the annual worth of savings will be $19194.4
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yum! brands, the restaurant division of pepsico, has 12,600 kfc restaurants abroad, with more than 3,700 restaurants in china. many of the latter are locally owned and subject to a contractual agreement that allows the owners to operate the business under the established kfc brand name and according to specific rules. yum! brands is engaged in
Yum! brand is engaged in franchising.
A franchise (or franchising) is a technique of selling goods or services that involves a franchise who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchise name and system.
The different types of franchise are :Franchise in management, Franchises in fast food and retail, investment business.
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discuss at least four potential problems in creating accurate duration estimates for activities and two methods for dealing with each potential problem
The four potential problems and their dealing methods are given below :
1. Special cause variation
The specific cause variation is an output shift brought on by some special causes (Aven, 2014). It may be solved using two techniques: "Risk analysis and Resolving risk events."
2. Queuing
These two techniques, "Resource buffering and Resource leveling," can be used to solve the queuing problem, which appears as the queue lengthens.
3.Merging
The "Feeding buffer and Reverse phase schedule" can be used to resolve merging concerns.
4. Common cause variation
"PERT Program Evaluation and Review Technique and Monte Carlo Simulation Method"
what are potential problems in small business?
A small firm should avoid being reliant on a single customer.
An owner of a small firm may concentrate on operational issues by having expert assistance with money management.
Finding the ideal balance between putting in long hours and commercial success is crucial.
A small business owner shouldn't put themselves in a position where their departure would prevent the operation from continuing.
There could be differences between starting a small business and merely working as a freelancer.
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explain the difference between a courier and a post office (4marks)
Help pls!!
Answer:
Here are some major differences between courier services and postal services.
Explanation:
The first major difference between them is the time taken by them to complete the delivery. Postal services take a lesser amount of time (1-2 days), whereas on the other hand courier services make it a rapid delivery, generally the same day or the next day.
Courier services are offered by private organizations such as FedEx or DHL, whereas postal services are generally govt offices. Couriers are sent within the home country, but postal services are sometimes international too, which develops connectivity between nations.
If we take a look at the pricing, postal services are generally cheaper than courier services considering the reliability, speed ,and quality.
the owner of the company in which you work is dominant, self-confident, convinced of the moral righteousness of her beliefs, and able to inspire a sense of excitement and adventure in employee followers. she is known as a(n) leader.
The owner of the company in which your work who is dominant, self-confident, convinced of the moral righteousness of her beliefs, and able to inspire a sense of excitement and adventure in employee followers will be known as a charismatic leader.
A charismatic personality can be described as a personality that is highly willpower, magnetic, self-empowered depicting high levels of confidence.
In the scenario above, the characteristics mentioned for the owner of a company are all charismatic as they make the owner more likable and produce a sense of respect for her within you.
We will say that the owner of the company will have a charismatic personality as she is confident and believes in moral rights and also inspires others.
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the primary reason for not considering shutting down the project is called: question 1 options: escalation escalating commitment commitment issues stubbornness managerial escalation
The primary reason for not considering shutting down the project is called: escalation. The process of increasing or rising is known as escalation.
What is escalation ?Escalation in project management refers to an expected increase in uncommitted costs of resources (labour, materials, and equipment) over time as a result of decreased purchasing power of money.
An escalation is defined by the dictionary as an increase in intensity or extent, or an increase to compensate for a perceived disparity. The process of resolving problems or issues can also be referred to as escalation. The Project Manager is in charge of ensuring that the project team members meet milestones and finish the project.
The Project Manager collaborates with the team to develop the Project Plan and manages the team's performance of project tasks. It is also the Project Manager's responsibility to obtain acceptance and approval of deliverables from the Project Sponsor and Stakeholders.
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global fashion, inc., a u.s. firm, and haute couture, a haitian firm, are parties to a contract that specifies what court, jurisdiction, or tribunal would decide any dispute arising under the contract. this is
Global fashion, inc., a U.S. firm, and haute couture, a Haitian firm, are parties to a contract that specifies what court, jurisdiction, or tribunal would decide any dispute arising under the contract. This is a choice of forum clause.
What is a choice of forum clause?A clause in a contract known as a choice of law clause or proper law clause allows the parties to designate that any disputes arising out of the agreement will be resolved in accordance with the laws of a particular jurisdiction.choice of law clause agreement will be regulated by and interpreted in line with New York state law, for instance.It is possible to combine a choice of law provision with a forum clause.The combined provision would specify the venue for any disputes arising under the agreement, as well as the law to be used in those disputes.As long as a choice of law clause is genuine, valid, and implemented, the court will often uphold it.To learn more about choice of law clause from the given link
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modern candy, a wholesaler, sold a crate of candy for $600 on account to a customer with credit terms of 3/20, n/60. if the customer pays within the discount period, how much cash will modern candy receive when it is paid? multiple
The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.
customer pays within the discount period , payble amount is $.582.
What do credit terms of 4/10 N 30 mean in regard to a purchase?n/30" states that if the shopper does not pay the (full) invoice amount within the 10 days to permit for the discount, then the net payment is due within 30 days after the sales invoice date.The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.When products inventory is purchased with credit terms of 2/10, n/60, the credit period is 60 days from date of the invoice. An checklist system in which the business has up-to-date data as to the amount of goods on hand is called a periodic inventory system.To learn more about : periodic inventory system.
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an investor sells 100 shares short at $43. the sale requires a margin deposit equal to 60 percent of the proceeds of the sale. if the investor closes the position at $49, what was the percentage earned or lost on the investment? if the position had been closed when the price of the stock was $27, what would have been the percent earned or lost on the position?
The percentage lost on the position will be equal to 23.2%.
Investment may be defined as any asset that is made by an individual or an organization in the hope that it will prove beneficial in future. An investment can be in form of cash, deposits, gold or real estate. The individual investing the assets is known as Investor. According to the question the shares are sold at
$43 X 100 = $4,300 and
the Margin requirement = 0.6 x $4,300 = $2,580
Now, further when the price of the stock rises to $49, the investor loses $4,900 - $4,300 = $600
Therefore, the percentage lost on the invested funds is given as
($600)/$2,580 = 23.2%
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as a project manager of an agile project, you are verifying and validating individual deliverables and work packages so that a project phase can be closed. which process group do these activities fit into? verification and validation process group closing process group monitoring and controlling process group fit test for conformance to project requirements
As a project manager of an agile project, you are verifying and validating individual deliverables and work packages so that a project phase can be closed. These activities fit into verification and validation process.
It is important to develop the product correctly, check that it satisfies all declared quality requirements, and make sure it is what was described.
Verification is a method that is impartial. A thorough documentation of each quality criteria is necessary for accurate measurement and analysis. Verification guarantees that the product is of the highest caliber and free from errors. Although this procedure is entirely objective, it does not guarantee that the final product will satisfy consumer needs. This is where validation comes into play. Verifying that you have created the right product and that it complies with customer criteria is known as validation.
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When the goal, scope and product domain are not understood by the scrum team, the scrum master should?.
As a mentor and guide, the Scrum Master is assumed to help scrum team to clear doubts and smoothen the effectiveness of the project, when the goal and product domain are not understood by scrum team.
What is the Scrum Master accountable for?
The Scrum Master is accountable for the Scrum Team's effectiveness and progress . They do this by allowing the Scrum Team to improve its practices, within the Scrum framework. Scrum Masters are genuine leaders who serve the Scrum Team and the larger organizations.
What is not responsibility of Scrum Master?The Scrum Master isn't responsible for solving all the teams problems. He needs to promote, support, and directs the Scrum is understood and lived in the organization. Whenever there is any problem that the team are able to solve, the Scrum Master needs to aid the team solving that themselves.
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Answer: facilitate a discussion between the Stakeholders, Product Owner and Developers.
Explanation: not the job to decide for them
what were the yields on the two representative outstanding heinz debt issues as of the end of april 2010? what were they one year earlier? 2. what was the wacc for heinz at the start of fiscal year 2010? what were the wacc one year earlier? 3. what is your best estimate of the wacc for kraft foods, campbell soup, and del monte foods? how do these waccs influence your thinking about the wacc for heinz?
By dividing the coupon rate by the debt's current market value, it is possible to determine the yield on both outstanding debts.
The yield on both bonds was estimated in April 2010 and was 6.6% on the bond with a coupon rate of 6.75 percent and 3.4% on the bond with a coupon rate of 6.62 percent.
These inputs result in the WACC for 2010 being 5.70%.
WACC% for The Kraft Heinz Co. The Kraft Heinz Co.'s weighted average cost of capital as of today (2022-10-15) is 6.07%.
At the end of April 2010, what were the yields on the two sample existing Heinz debt issues?
By dividing the coupon rate by the debt's current market value, it is possible to determine the yield on both outstanding debts. The yield on both bonds was estimated in April 2010 and was 6.6% on the bond with a coupon rate of 6.75 percent and 3.4% on the bond with a coupon rate of 6.62 percent.
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If a business strategy and corporate culture are in conflict the __________ will win, regardless of the strength and effectiveness of the strategy.
If a business strategy and corporate culture are in conflict the corporate culture will win, regardless of the strength and effectiveness of the strategy.
Corporate culture is the behavior and belief that determine how a business's employees interact with each other. There are plenty of things that reflect a company's culture, such as but not limited to:
Business hoursEmployee dress codeEmployee benefitTurnover rateHiring decisionsOffice setupClient treatment and satisfactionCorporate culture can be shaped intentionally or grown organically by the employees. It will affect the business practice and every other aspect of the business. Employees and candidates would be more interested and eager to engage with a culture that they're comfortable and identify with.
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a minority prospect walked into best properties real estate and requested to see a specific house in a minority neighborhood. the broker can lawfully assume the prospect is
A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.
A sales and buy agreement contains what?A buy and sell agreement is used to formalize the intentions of the parties and the conditions that will control the transaction. You can specify details such as the item or property, the cost of the item or property, the terms for the item's delivery, and the date of the item's delivery.The Purchase and Sale Agreement will be drafted by the seller's representative or lawyer (P&S). This is the official contract to buy the house, which is the more legally binding document. It is a typical document of the "cookie cutter" variety.A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.To Learn more about Sale and Purchase Agreement refer to :
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the return activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
What is the concept of return?A return is basically the change in price of an asset, investment, or project over time, which can be represented in terms of price change or percentage change. A positive return highlights a profit while a negative return marks a loss.
What is return and its types?Return of income is filed in order to informed the government information regarding the taxes paid and income. There are three types of returns which are filed for the concept of income tax- Original Return, Revised Return and Belated Return.
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business level strategies group of answer choices are concerned with how single business companies choose strategies. pertain to the operation of multiple businesses. include only the generic strategies. are concerned with how companies choose their mixtures of different businesses.
Business level strategies are concerned with how companies choose their mixtures of different businesses.
A business uses its business-level strategy to develop a competitive edge in specific product markets by leveraging its core competencies. It is an interconnected and consolidated succession of engagements and activities. It reveals the choices the business has made in terms of how it intends to compete in particular product markets.
A business-level strategy's secondary objective is to set the firm apart from its competitors. In order to distinguish itself from competitors, a firm must determine if it wants to carry out duties in a unique way or altogether in a new way. This strategy establishes the course that determines the focus of the actions that organization leaders should take.
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apple has often been under scrutiny for product performance. in many instances the product which consumers purchased has a much shorter life than what consumers anticipated. an example of this would be a cell phone only lasting two years when you anticipate the life to be closer to five. this is known as:
Apple has often been under scrutiny for product performance. in many instances the product which consumers purchased has a much shorter life than what consumers anticipated. An example of this would be a cell phone only lasting two years when you anticipate the life to be closer to five. This is known as: Batterygate
What is batterygate?Intentional CPU slowdowns on Apple's iPhones are known as "Batterygate" because they prevent devices with deteriorated batteries from shutting down under heavy load.
It was discovered that some iPhone models were sold with faulty batteries, which caused unintended crashes while being utilized. Apple surreptitiously implemented a software upgrade in place of correcting the problem, but it quickly backfired, leading to a chain of events known as "batterygate."
An algorithm has been developed to lower performance to safeguard the electronic components within, according to a new TechCrunch statement. Old batteries, low charges, and cold conditions can cause your phone to shut down (opens in new tab).
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what is the rate of return for an investor who pays $1,054.47 for a 3-year bond with an annual coupon payment of 6.5% and sells the bond 1 year later for $1,037.19?
The rate of return for a 3-year bond is 5.00
The rate of return is calculated as:The fee of go back for the investor may be decided the usage of a retaining duration fee of go back bearing in thoughts that the investor could incur a coin's outflow of $1,054.47 while the investor could receive $1,037.19 and an annual coupon of 7% of the face price
Retaining duration return= (promoting charge + annual coupon-buying price)/buying price
Annual coupon=7%*$1000
Annual coupon=$70.00
Holding duration return= ($1,037.19+$70.00-$1,054.47)/$1,054.47
Holding duration return=5.00%
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if the exchange rate between the u.s. dollar and the japanese yen were such that one u.s. dollar equals 100 yen, what would be the price in dollars of
1 yen is roughly equivalent to 1 cent; 5 yen is approximately 5 cents; 10 yen is approximately 10 cents; 50 yen is approximately 50 cents; $1.00 is equivalent to 100 yen; and $5.00 is equivalent to 500 yen.
How do you convert yen to USD?
The currency exchange rate for the Japanese yen and the United States dollar is known as USD/JPY.The currency pair depicts the quantity of Japanese yen (the quote currency) required to acquire one US dollar (the base currency).
How do I manually exchange yen for dollars?
Divide 500 by if you have 500 yen.01271.In this instance, 500 yen equals $6.35.Most cash trade locales have money trade mini-computers to figure it out for you.
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an organization plans the destruction of old hdds. in an effort to save money, the organization damages the media by impact, but they did not destroy all of the data. which method has the organization tried?
Base on findings the method the organization tried in an effort to save money, the organization damages the media by impact, but they did not destroy all of the data is Degaussing.
What is degaussing?Degaussing is a method use by persons or organization that is use to destroy data permanently from memory devices by removing the magnets or neutralizing the magnetic field in the memory devices which is normally use to store data for use. Degausser is the device use for degaussing..
Therefore, degaussing is the method the organization used to destroy data from media storage.
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which view of leadership suggests leaders are more effective once they have analyzed themselves, their groups, and the circumstances in which they must lead?
In accordance to situational leadership, leaders are more effective and efficient after they have assessed themselves, their teams, and the situation they are in.
Give an account on Situational leadership.Situational leadership is the practice of adapting your management style in accordance to the needs of the team or specific team members in each unique situation or assignment.
Managers that use situational leadership can more easily adjust to the people they lead as well as their working settings. Every prospective leader should gain the ability to adjust their leadership style as part of their development process. The situational leadership approach takes into account the amount of employee commitment and competency. These can change depending on the performance areas and obstacles. It also takes into account the difficulty of the assignment and the amount of guidance and support needed from the leader.
With this flexibility, leaders can adapt their leadership style to each situation, empowering their team members and bringing out the best in them.
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Why is equilibrium price represented by the intersection of the supply and demand curves in a particular market?.
When demand and supply are balanced, a price is said to be in equilibrium. The point where the supply and demand curves converge determines it.
Why does the point where the supply and demand curves connect in a specific market reflect equilibrium price?At the point where the two curves cross, the quantities and prices are identical since the supply curve displays amounts delivered at various prices while the demand curve displays quantities demanded at various prices. The point where the supply and demand curves intersect is hence the equilibrium price.
Why do you think that market equilibrium is something that it continually aims for?If the price is too high, there is a surplus and prices tend to fall until the surplus is sold and equilibrium is reached; on the other hand, if the price is too low, there is a shortage and producers raise prices and increase quantity supplied. As a result, the market is constantly moving toward equilibrium.
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How many job openings are projected for Community Health Workers across the
United States between 2019-2029?
64,900
7,600
362,600
2,109
Between 2019 and 2029, the United States is expected to have 362,600 job openings for Community Health Workers. On average, 16,000 openings for health education specialists and community health workers are expected each year over the next decade.
What is health education?Health education is a profession that teaches people about their health. Environmental health, physical health, social health, emotional health, intellectual health, spiritual health, and sexual and reproductive health education are all areas covered by this profession. Health education entails communicating information about the underlying social, economic, and environmental conditions that affect health, as well as individual risk factors and risk behaviors, and how to use the health care system.A good education is the foundation for good health and well-being. People need knowledge to prevent sickness and disease in order to live healthy and productive lives. Children and adolescents must be well-nourished and healthy in order to learn.To learn more about health education, refer to:
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using the aging method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful account is $11,000 debit before adjustment, what is the balance after adjustment?
The adjusted balance is $66000. Adjusted balance is one of several ways that credit card businesses use to estimate a cardholder's finance account.
What is adjusted balance?Credit card companies use adjusted balance as one of several methods to calculate a cardholder's finance charge. The latter is the fee charged when a cardholder carries a balance from month to month rather than paying the balance in full by the due date of each month. The adjusted balance method of calculating your finance charge subtracts any payments and credits made during the current billing cycle from the previous balance at the end of the previous billing cycle. New charges incurred during the billing cycle are not taken into account in the adjusted balance. The 'Remaining Statement Balance' is your 'New Balance' less payments, returned payments, applicable credits, and amounts in dispute since the last statement closing date.To learn more about adjusted balance, refer to:
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are names of terminated employees reported in writing to the payroll department? are authorizations for deductions signed by the employee on file? is there a timekeeping department (function) independent of the payroll department? are timekeeping and cost accounting records (such as hours, dollars) reconciled with payroll department calculations of hours and wages?
Yes, the names of terminated employees are reported in writing to the payroll tax because it is really important to let the payroll department know on what basis the employee has been suspended or terminated.
It is true, that authorizations for deductions are signed by the employee because it is important as well as necessary to deduct some amount of the employees salary and to avoid the future conflicts, a written approval is taken from the employee.
Yes, time keeping and cost accounting records are reconciled with payroll department calculations but it may contain more or fewer dollars than actually paid as per payroll data.
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in 2010, delta products reported sales revenue of $1,000,000, cost of goods sold of $600,000, salaries expense of $80,000, total assets of $1,400,000. what was the gross profit margin for the year 2010?
In 2010 , delta products reported sales revenue , the Gross profit margin for the year 2010 is 40%.
Gross Profit margin :Gross margin is the difference between profit and cost of goods vended, divided by profit. Gross margin is expressed as a chance. The gross profit margin is calculated by abating direct charges or cost of goods vended( COGS) from net deals( gross revenues minus returns, allowances and abatements). That number is divided by net revenues, also multiplied by 100 to calculate the gross profit margin rate.
Evaluating Gross margin :Gross Profit means the amount of revenue less Cost of goods sold.
Where, Revenue = $ 1,000,000
Cost of Goods sold = $ 600,000
Gross Profit Margin = Net Revenue - Cost of goods Sold / Net Revenue
= $ (1,000,000 - 600,000) / 1,000,000
= $ 400,000 / 1,000,000
= 0.4
Gross profit margin = 0.4 × 100
= 40%
So, the gross profit margin is 40%.
Why gross margin is significant?
Gross margin is significant because it shows whether your deals are sufficient to cover your costs. The figures itself is veritably simple. It doesn't involve each over head still. The net profit is the concluding number after you regard for fresh costs.
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