Under an accrual accounting system, an expense is recognized when B. a good or service is used or sold.
What is Accrued?An accrued expense is the expense that needs to be recorded as the service or good is consumed by the company but the expense is not yet paid by the company, on the other hand an Accrued Income is the income that the income is earned but it is not yet received.
These income and expenses are recorded accordingly in the accrual accounting system and when they are paid or received the double entry is made accordingly.
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a population consists of the following five values 0 0 1 3 6
A. List all samples of size 3,and compute the mean of each sample
B. Compute the mean of the distribution of sample means and the population mean. Compute.
C. Compute the dispersion in the population with that of the sample means.
a. The possible samples of size 3 from the population {0, 0, 1, 3, 6} are {0, 0, 1}, {0, 0, 3}, {0, 0, 6}, {0, 1, 3}, {0, 1, 6}, {0, 3, 6}, {1, 3, 6}.
b. The mean of the distribution of sample means is 2 and population mean is 3.
What are samples of size 3?To list all samples of size 3 from the given population, we can use combination formula or simply write out all possible combinations.
The possible samples of size 3 from the population {0, 0, 1, 3, 6} are:
{0, 0, 1},{0, 0, 3},{0, 0, 6},{0, 1, 3},{0, 1, 6},{0, 3, 6},{1, 3, 6}What is the mean of the distribution of sample means and the population mean?The mean of the distribution of sample means is also known as the sample mean of means or the expected value of the sample mean. It is denoted by the symbol "μ" (mu).
The population mean (also known as the population average) is denoted by the symbol "μ" (mu).
The given population is {0, 0, 1, 3, 6}. The population mean is the sum of all values divided by the total number of values in the population:
Population mean (μ) = (0 + 0 + 1 + 3 + 6)/5
Population mean (μ) = 10/5
Population mean (μ) = 2
Now, the mean of the distribution of sample means is the same as the population mean, since the samples are of size 3 and every possible sample is included in the distribution of sample means. Therefore, the mean of the distribution of sample means is also 2.
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Answer:
Values: 0,0,1 0,0,3 0,0,6 0,1,3 0,1,6, 0,3,6 1,3,6 0,1,6, 0,3,6 0,1,3
Sum: 1 3 6 4 7 9 10 7 9 4
Mean: 0.33 1.00 2.00 1.33 2.33 3.00 3.33 2.33 3.00 3.33 2.33 3.00 1.33
Mean of the distribution of the sample mean: 2
Population mean: 2
The range of the sample means is: Less than the population range.
Explanation: To get the Mean I divide by 3.
BCOM/2015/07768 Site info Part 3 of 4 SECTION A ANSWER ALL QUESTIONS IN THIS SECTION Question 2 of 7 Stores ABCc record the following stock movements of a new stock iteru called Probeta Receipts (units) Issues (units) 2400 at kah each 3600 at kal9 each 4000 at ksh10 cach 10 Points 2nd July 2020 july 2020 5th july 2020 july 2020 July 2020 July 2020 There was no opening stock (a) Prepare new stock cards for stock item Probeta-showing the value of each of the two issues and the value of closing stock using each of the following stock valuation methods. 6) FIFO 5marks) (11) AVCO (Smarks] 8th 12 15th 4000 at kahf 10 50 each 7000 5000 Click "Browse to locate your file and then click "Upload" to upload your file. (Maximum file size: 40MB) File: Choose File No file chosen Upload A Question Pro
The value of the closing stock is 21,000
What is a Closing Stock?At the conclusion of an accounting cycle, which could be monthly or yearly, a business retains the value of its inventory in what is dubbed "closing stock."
Other synonymous terms include "ending stock" and "closing inventory." Closing stock encompasses all unsold items or incompletely manufactured products at the end of this designated span.
These can take the form of raw materials, works-in-progress, or already completed goods. The paramount role of closing stock exists within financial accountability as it aids in the cost-of-goods-sold calculation as well as assessment of inventory worth on required balance sheets.
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Chinese economic growth is the outstanding feature of the world economic scene over the past two decades. a. In 2022, US output was $25.5 trillion, and Chinese output in 2022 was $16.5 trillion. Suppose that from 2022 the output of China grows at an annual rate of 7.9%, whereas the output of the United States grows from 2022 at an annual rate of 2.2%. These are the values in each country for the most recent periods, respectively. Using these assumptions and a spreadsheet, calculate and plot US and Chinese output from 2022 over the next 20 years. a)How many years will it take for China to have a total level of output equal to that of the United States?
It will take approximately 9 years for China to have a total level of output equal to that of the United States.
What is output?In economics, output refers to the total amount of goods or services produced by a firm, industry, or country over a given period of time, such as a year or a quarter. It is a measure of the productive capacity of an economy and is often used as an indicator of economic growth and development.
Output can be measured in several ways, depending on the type of goods or services being produced. For example, in manufacturing, output is often measured in units of physical goods produced, such as cars, appliances, or electronics. In the service sector, output is typically measured in terms of the number of customers served or the value of services provided.
Output can be influenced by a variety of factors, including technological advancements, changes in the cost of production inputs, government policies, and shifts in consumer demand. Increasing output is generally seen as a positive development for an economy, as it can lead to higher employment, increased incomes, and improved living standards. However, excessive output growth can also lead to inflation and other economic problems if it outpaces demand or causes supply bottlenecks.
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Why do we need Alternative risk transfer?for insurance
Answer:
yes
Explanation:
this is because alternative risk transfer is purposely for insurance
Answer:
The alternative risk transfer (ART) market allows companies to purchase coverage and transfer risk without having to use traditional commercial insurance. The ART market includes risk retention groups (RRGs), insurance pools, captive insurers, and alternative insurance products.
Explanation:
The firm of Adams, Walters, & Chow, CPAs, is the auditor of Yonkers Corporation, a nonpublic company. The President of Yonkers, Sarah Johnson, has been putting pressure on Adam Chow, the audit partner, to accept a questionable accounting principle. She has even threatened to take steps to replace the CPA firm if he does not acquiesce (agree)
Answer:
9662821/2 / (2/3)966282
This is an example of a conflict of interest and a breach of professional ethics.
In this scenario, the President of Yonkers Corporation is attempting to exert undue influence on the audit partner of Adams, Walters, & Chow, CPAs to accept a questionable accounting principle.
This is an example of a conflict of interest and a breach of professional ethics. The audit partner has a duty to act in the best interests of the public and maintain independence and objectivity when auditing a client's financial statements.
If the audit partner acquiesces to the President's demands, it could compromise the integrity of the audit and undermine the public's trust in the financial reporting process. Therefore, the audit partner should resist any pressure or threats from the client to compromise their professional ethics.
To address this situation, the audit partner should communicate with the client's board of directors or audit committee and seek their support in maintaining the integrity of the audit process. If the client persists in their demands, the CPA firm should consider resigning from the engagement to avoid any potential legal or reputational consequences.
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Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
The equal installment payments required to repay the loan of $25,000 over 4 years at an interest rate of 8% would be approximately $545.29 per year.
How large would your payments be?The given problem involves calculating the equal installments required to repay a loan of $25,000 with an interest rate of 8% over a period of 4 years. This can be solved using the formula for calculating equal installment payments for an amortizing loan, also known as the Equal Installment Method.
The formula for calculating the equal installment payments for an amortizing loan is:
PMT = P * r / (1 - (1 + r)^(-n))
Where:
PMT = Equal installment paymentP = Principal amount (loan amount)r = Periodic interest raten = Number of periods (loan term)Given:
Principal amount (P) = $25,000
Interest rate = 8% per year
Loan term (n) = 4 years
First, we need to convert the annual interest rate to a periodic interest rate. Since the loan term is 4 years, the periodic interest rate would be 8% / 4 = 2% per year.
Substituting the given values into the formula:
PMT = $25,000 * 0.02 / (1 - (1 + 0.02)^(-4))
Calculating the numerator:
$25,000 * 0.02 = $500
Calculating the denominator:
(1 + 0.02)^(-4) ≈ 0.0823
Substituting the numerator and denominator back into the formula:
PMT = $500 / (1 - 0.0823)
PMT = $500 / 0.9177
PMT ≈ $545.29 (rounded to two decimal places)
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If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Equity funds, index funds, and market cap equity funds are best for which type of investor?
A) Investors with a low risk tolerance
B) Investors who want to protect the value of their investments
C) Investors who are close to retirement
D) Investors with a long time horizon
Answer:
D) Investors with a long time horizon
Explanation:
Investors with a long time horizon are best suited for equity funds, index funds, and market cap equity funds.
These types of funds are designed for growth and are more volatile than other investment options, but have historically provided higher returns over longer periods of time.
As such, they are ideal for investors who are willing to tolerate some risk in exchange for potentially higher returns and who have a long time horizon to weather market fluctuations.
Hope this helps!
After you get the new oil filter from stock, what do you do with it?
Select the correct answer and click Submit.
Place the oil filter at the front of the service bay with the gasket up.
Place the new oil filter on the oil drain pan.
Install the oil filter on the vehicle.
Place the oil filter at the front of the service bay with the gasket down.
Submit
After you get the new oil filter from stock C. Install the oil filter on the vehicle.
How to use the oil filter ?Upon retrieving the new filter from storage, proceed with the task of replacing the current oil filter. Before installation of the fresh filter, eliminate the previous one and thoroughly cleanse the adjacent region.
Follow this with a careful inspection to verify that the substitution has been properly executed. Afterward, append unused oil to activate smooth engine operation.
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The following table contains nominal and real GDP data, in billions of dollars, from the General Statistics for 2021 and 2022. The data is listed per quarter, and the real GDP data was calculated using 2020 as the base year. Fill in the columns for the GDP deflator and for the percent increase in price level.
Answer:
please send me the questions and I'll help you
explain customer relationship management and explain it Associated tools and level of relationship
Answer:
Customer relationship management (CRM) is the combination of practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships and assist in customer retention and drive sales growth.
Customer relationship management (CRM) is a tool used to manage all interactions and connections between your company's clients. The goal is simple: develop business relationships so that your firm can grow.
What various forms of customer relationship management exist?CRM programs go into one of four categories: operational, analytical, collaborative, or strategic. Every one is designed to achieve a specific business goal. Many businesses either use a variety of CRM systems or have developed a special CRM solution that combines elements from all the systems.
What are the four components of the customer relationship management process?The four key components of CRM implementation—technology (applications and infrastructure), strategy (business goals and objectives), process (procedures and business regulations), and people—must all be considered (organizational structure, skills, and incentives).
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Max says that his new boss yells at her employees and blames them for things that are actually her fault. What quality does Max’s boss lack?
A.
integrity
B.
ability
C.
infinity
D.
duality
The quality that Max's boss lacks is A. integrity. Integrity refers to honesty and moral principles, which include taking responsibility for one's actions and not blaming others for one's mistakes. By yelling at her employees and blaming them for things that are her fault, Max's boss is not exhibiting integrity.
Answer:it is integrity please add me as brainliest
Explanation:
Theoretically, how should a business choose between borrowing and equity in its capital structure?
A business needs to choose between the financing options available, generally there are two options available to a company that is equity and borrowing. A company needs to choose a perfect ratio between the two, Ideal is 40% borrowing and 60% Equity.
What is Borrowing or Debt?Borrowing the financing option that a company have, this is also known as the debt, in a debt the company asks for loan from financial institutions who provide loan to the company at a certain percentage of interest that the company will have to bear as a finance cost, the business will pay this cost to the debtor every year as per the agreed terms.
Ideally a company should never cross 50% of borrowing of the total capital, this makes the investment too risky and the debtors will then as a result increase the interest percentage.
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Brad’s dream is to become an astronaut. Under which career cluster does this fall?
A.
Energy
B.
Government and Public Administration
C.
Transportation, Distribution, and Logistics
D.
Science, Technology, Engineering, and Mathematics
Brad’s dream is to become an astronaut. Under the career cluster this fall is Science, Technology, Engineering, and Mathematics.
What is Engineering?Engineering is the application of science and mathematics to the design, development, and operation of machines, structures, and systems. It is the professional field dedicated to the creation of useful products and solutions that meet the needs of society. Engineering is a creative process that involves problem solving, critical thinking, and the development of new ideas. It is an interdisciplinary field that combines the knowledge of physical sciences, mathematics, and computing to develop solutions to real-world problems. Engineering is used to develop solutions to challenges in areas such as health, energy, transportation, manufacturing, and communication. Engineers use their knowledge and skills to design and implement solutions to complex problems in a variety of industries.
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Can someone help me
The Total Cost of Goods Sold is $67,130
The Goods Sold using AVCO will be -$18,440
How to calculate the valueTotal Sales will be;
= 140 × $82 + (280 × $72) + 100*$69 + 190 × $85 + 220*$72 + 200 × $90 = $52,450
Total Cost of Goods Sold = $67,130
Gross Profit = Total Sales - Total Cost of Goods Sold = -$14,680
(b) AVCO:.Total Sales will be:
= 140 × $82 + 280 × $72 + 100 × $69 + 190 × $85 + 220 × $72 + 200 × $90 = $52,450
Total Cost of Goods Sold = $70,890
Gross Profit = Total Sales - Total Cost of Goods Sold = -$18,440
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do Businesses operate separately from society as a whole.
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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what are the similarities of goal and objective
Explanation:
Both are focused on achieving a specific outcome: Goals and objectives are both designed to help individuals or organizations achieve a specific outcome. They provide a clear direction and purpose for an individual or organization to work towards.
Both are time-bound: Goals and objectives both have a specific time frame for achievement. They are both designed to be achieved within a certain period of time, which helps individuals or organizations to remain focused and motivated.
Both are measurable: Both goals and objectives are measurable, meaning that they can be quantified and tracked. This allows individuals or organizations to assess their progress towards achieving their desired outcomes and make adjustments as needed.
Both are used to guide decision-making: Goals and objectives are used to guide decision-making by providing a clear direction and purpose for individuals or organizations to work towards. They help to prioritize activities and ensure that resources are used effectively.
Overall, while there are differences between goals and objectives, their similarities lie in their purpose of providing a clear direction and focus, being time-bound and measurable, and guiding decision-making towards achieving a specific outcome.
In text parentical citations do not direct the reader to the publication information on sources cited in a report
This is not true. In text parenetical citations do not direct the reader to the publication information on sources cited in a report
What happens In text parenetical citationsIn-text parenthetical citations do supply readers with the requisite publication data on sources used in an article, though not every bit of detail may be included.
As a rule, these kinds of citations comprise the author's name and any page numbers found in the source being referred to, thereby helping readers pinpoint precisely the full bibliographic information in the References or Works Cited section of the report. An illustration of this kind of parenthetical citation might be given as follows: (Smith 42).
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When it come to getting your alcohol awareness card
Two friends are in your business. One of them is visibly intoxicated. You tell the VIP you cannot serve him any more alcohol. The friend gives the VIP their drink. What must you do?
If you are a server or bartender with an alcohol awareness card, it is important to adhere to the laws and regulations regarding the sale and service of alcohol.
As a server or bartender with an alcohol awareness card, if a visibly intoxicated VIP is given another drink by their friend, it is your responsibility to take appropriate steps to prevent the VIP from consuming more alcohol. Politely remind the friend that it is illegal to give alcohol to someone who is visibly intoxicated and refuse to serve any more alcohol to the VIP.
Inform the friend that their action is a violation of the laws, and involve a manager or supervisor if necessary to prevent the VIP from being served any more alcohol. As a responsible server or bartender, you have a legal and ethical responsibility to serve alcohol responsibly and prevent overconsumption and impaired driving.
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You met several potential buyers at an open house you sat on for a colleague who had a last minute emergency come up and asked for your help. One couple who were not accompanied by a broker indicated that they were not interested in that particular property, however, they would like your help in finding a suitable property for them to purchase. They agreed to meet with you tomorrow morning to look at some other homes. You have selected three that you feel should meet their requirements. How are you planning for tomorrow?
a. All of the answers are correct.
b. Map out the most effective approach (parks, schools, shopping, etc.)
c. Plan the showing (which features first (gourmet kitchen, cathedral ceiling in front entryway, outdoor kitchen/patio, garage workshop, etc)
d. Plan which advantages to emphasize (privacy, school district, unobstructed view, shopping area, hiking/jogging trails, etc.)
As a real estate agent, it's important to be prepared and organized when showing homes to potential buyers.
How can the realtor plan for tomorrow?Map out the most effective approach (parks, schools, shopping, etc.)
Plan the showing (which features to highlight first, such as a gourmet kitchen or outdoor kitchen/patio)
Plan which advantages to emphasize (such as privacy, school district, or scenic views)
By taking the time to plan and prepare for the showing, you can ensure that the buyers have a positive experience and are able to see the potential of each property you show them.
It also helps to build trust and establish a good working relationship with the buyers, which can lead to future referrals and business.
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As a real estate agent, it's important to be prepared and organized when showing homes to potential buyers.
How can the realtor plan for tomorrow?Map out the most effective approach (parks, schools, shopping, etc.)
Plan the showing (which features to highlight first, such as a gourmet kitchen or outdoor kitchen/patio)
Plan which advantages to emphasize (such as privacy, school district, or scenic views)
By taking the time to plan and prepare for the showing, you can ensure that the buyers have a positive experience and are able to see the potential of each property you show them.
It also helps to build trust and establish a good working relationship with the buyers, which can lead to future referrals and business.
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“I’ve been at my job for four days, and I’ve already met all my coworkers!” Amber says. Which type of business does Amber MOST likely work for?
A.
locally owned
B.
national
C.
central
D.
international
“I’ve been at my job for four days, and I’ve already met all my coworkers!” Amber says. Amber MOST likely work for national type of business.
What is business?Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company.
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Month labour Hours Manufacturing Costs
January 4, 300 $26, 000
February 4, 500 27, 000
March 3, 000 19, 500
April 3, 700 23, 000
May 4, 000 24, 500
June 5, 500 32, 000
Required:
(1) Use high/low method to calculate the unit variable cost
(2) Use the total cost equation to calculate the fixed costs and variable costs
(3) Estimate the total manufacturing costs for July if the company works 5, 000 hours that month
(4) Analyze: if the company does work 5, 000 hours in July, how much of the total cost is fixed and how much is variable
(5) What is the difference between total variable cost and unit variable cost and the difference between total fixed cost and unit fixed cost.
Answer:
I think the answer is 5 please mark me as a brainliest
.which of the following is most likely to occur when the central bank buys
government bonds (expansionary monetary policy) on the open market?
Unemployment increases
Unemployment decreases
Consumer spending decreases
businesses stop investing in new warehouses, technology, workers, etc.
The following is most likely to occur when the central bank buys government bonds is Unemployment decreases
What will happen when central bank buys government bondsWhen the central bank purchases government bonds on the open market, it expands the money supply in the economy, increasing credit availability and lowering interest rates.
This, in turn, can lead to an increase in consumer spending, new business investments, and, eventually, a drop in unemployment. As a result, the right answer is "Unemployment decreases."
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The members who make up our government work together to keep things safe and take care
of our needs. Each person does their part to make sure things run smoothly. How do each of
the different pathways in the Government and Public Administration work together to help?
In this activity, you will create a mind map showing the different pathways that can be found
in the Government & Public Administration cluster. A mind map is a sketch or diagram that
you can design yourself to organize your ideas. It could look like a tree with different
branches or a park with different paths! Whatever you decide, you will put each pathway on a
different spot on your mind map
Under each pathway, you will give one example of a job found in each pathway.
Write a short note beside the job, explaining where you might find this person
List at least one task that they accomplish to keep things running for us.
When you have completed your mind map, take a photo of it and upload to your instructor
Answer:
Government & Public Administration Cluster
- Legislative Branch
- Senator
- Works in the Senate
- Creates and passes laws that benefit the people
- Representative
- Works in the House of Representatives
- Represents the people in their district and creates laws that benefit them
- Executive Branch
- President
- Works in the White House
- Leads the country and makes decisions that benefit the people
- Vice President
- Works in the White House
- Supports the President and takes over if necessary
- Judicial Branch
- Judge
- Works in a courthouse
- Interprets the law and makes decisions in legal cases
- Public Administration
- City Manager
- Works in a city hall
- Manages the city's operations and services for the people
- Public Relations Specialist
- Works in a government agency
- Communicates with the
Explain the formation of research proposal and it's format.
A research proposal is a document that outlines a researcher’s plan to conduct a specific research project.
What is research proposal?A research proposal is a document that outlines the research project that one intends to undertake. It provides a summary of the background and rationale for the proposed study, outlines the research objectives and methods, and identifies potential resources and risks. The research proposal also serves as a map for the researcher in order to ensure the completion of the project within a specific timeline and budget. The research proposal should be free from plagiarism and should be written in an organized and professional manner.
The format of a research proposal may vary depending on the field of research, the institution, and the funding body.
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Do you shop with cash, credit cards or debit cards?
List 5 countries that are a cashless society which some people use this method of payment for small items, such as a pack of chewing gum.
Why are commission-based jobs and careers sometimes stressful?
A.
Commission-based workers aren’t allowed to join unions, so their working conditions vary.
B.
Commission-based workers have to pay extra money for union dues.
C.
People in these jobs don’t always know how much they will make from month to month.
D.
People in these jobs have to use management skills that aren’t needed in other jobs.
Commission-based jobs and careers sometimes stressful because People in these jobs don’t always know how much they will make from month to month.
What is jobs?Jobs is a term used to describe a person's employment. There are many different types of jobs, ranging from manual labour to highly skilled professional positions. To find a job, applicants need to present a resume to potential employers, as well as demonstrate their qualifications and experience. Many employers may also require interviews and tests to assess a job applicant's suitability.A job can be full time, part time, casual, or seasonal. It can involve working in an office, factory, store, or other workplace, or working from home. It can also involve working remotely (e.g. telecommuting) or travelling to various locations (e.g. sales representative). Depending on the type of job, it may involve manual labour, physical labour, intellectual labour, or a combination of all three.
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A firm has some material which originally costs $ 49000.It has a scrap value of $12500,but ,if re-worked at a cost of $7500,it could be sold for $ 17500.There is no forseen use for the material .What is the relevant cost of using the material for the special job?
The relevant cost of using the material for the special job is $24,000.
What is relevant cost of using the material?Relevant cost describes avoidable costs that are incurred only when making specific business decisions.
To determine its for the special job, we need to consider the different options available for the material. Since there is no foreseeable use for the material, we need to either sell it as scrap or rework it and sell it.
If we sell it as scrap, we would receive $12,500.If we rework it at a cost of $7,500 and sell it, we would receive $17,500.Therefore, the relevant cost of using the material for the special job will be:
= ($7,500 + $17,500 - $12,500)
= $24,000
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Suppose you buy land for $3,100,000 and spend $1,150,000 to develop the property. You then divide the land into lots as follows:
Category Sale Price per Lot
15 hilltops lots 540,000
15 valley lots. 360,000
How much did each Hilltop lot cost you?
$
The cost per hilltop lot is: 0.6 x $4,250,000 / 15 = $162,000
How to determine much did each Hilltop lot cost youThe entire cost of the land and development is $3,100,000 + $1,150,000 = $4,250,000.
The total earnings from selling the lots is: 15 hilltop lots x $540,000 per lot + 15 valley lots x $360,000 each lot = $13,500,000
Each category's relative value is as follows:
15 hilltop properties x $540,000 each = $8,100,000
15 valley parcels x $360,000 each = $5,400,000
The entire relative value is: $8,100,000 + $5,400,000 = $13,500,000
The hilltop lots have a ratio of:
$8,100,000 / $13,500,000 = 0.6
So, the cost per hilltop lot is: 0.6 x $4,250,000 / 15 = $162,000
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Describe how to manage human resourse capital
Managing human resource capital involves effectively recruiting, developing, and retaining talent to ensure that an organization has the human capital it needs to achieve its goals. Here are some steps to manage human resource capital effectively:
Identify the organization's human capital needs: The first step in managing human resource capital is to identify the organization's current and future human capital needs. This includes understanding the skills, knowledge, and competencies required for each job or role in the organization.
Recruit and hire top talent: Once human capital needs have been identified, the organization should recruit and hire the best talent available to fill those needs. This can involve using a variety of sourcing methods, such as online job boards, social media, employee referrals, and professional networks.
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