Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe the qualitative characteristics of accounting information. Identify the elements of financial statements. The following information is available for Inverness Ltd.'s second year in business: Opening merchandise inventory is Br 35,000. Goods are marked to sell at 35% above cost. 1. 2. 3. 4. ● ● • Merchandise purchased totaled Br 600,000. . Collections from customers are Br 420,000. Ending merchandise inventory is Br 225,000. Opening accounts receivable balance is $0. Ending accounts receivable balance is $85,000.
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Answer:
The purpose of financial reporting is to provide relevant and reliable information to stakeholders such as investors, creditors, and regulators to help them make informed decisions about the company.
The qualitative characteristics of accounting information are relevance, reliability, comparability, and consistency. Relevant information is important and useful for decision-making, while reliable information is free from error and bias. Comparability ensures that information is comparable across different periods and companies, while consistency ensures that accounting methods are consistently applied.
The elements of financial statements are assets, liabilities, equity, revenue, and expenses. Assets are resources owned by the company, such as inventory and accounts receivable. Liabilities are obligations of the company, such as accounts payable and loans. Equity represents the residual interest in the assets of the company after deducting liabilities. Revenue is the inflow of economic resources resulting from the sale of goods or services, while expenses are the outflow of economic resources incurred to generate revenue.
Based on the information provided, Inverness Ltd.'s cost of goods sold would be Br 507,500 (Br 600,000 - Br 35,000 opening inventory). The company would have generated revenue of Br 684,125 (Br 600,000 x 1.35) and a gross profit of Br 176,625 (Br 684,125 - Br 507,500). Collections from customers totaled Br 420,000, and the company had an ending accounts receivable balance of Br 85,000, indicating that some sales were made on credit. The company's ending merchandise inventory was Br 225,000.
Related Questions
Choose the level of national income in equilibrium
Answers
When the whole available supply and total available demand are equal to one another, the level of national income is said to be at equilibrium.
How will the equilibrium national income change?A change in AD or AS can lead to a change in equilibrium national income (or "Y") (or in J or W). Assuming a steady price level, if one of AD's components increases, AD may move to the right, signaling an increase. Increases in household consumption, investment, public spending, or exports may all be examples of this. According to Keynesian theory, the production level at which the AD, represented by C + I, exactly equals the AS (output), which is the sum of C and S, determines the equilibrium level of income in an economy. The equilibrium level of national income for the given schedule is 400 crore.To learn more about national income, refer to:
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PLEASE HELP WITH THIS DISCUSSION PLEASE
Today, money comes in many different forms. When you go to purchase something at a store, you pay money in the form of cash, a check, a credit card, or a debit card. Some people even have payment apps on their smart phones.
Now imagine paying for a pizza with seeds ... yes, seeds. What if everything was paid for by using seeds? How would this change the world we live in?
In Holland during the 1600s, tulip bulbs were very valuable. So valuable, in fact, that they were sometimes used as money. Try to imagine a tulip bulb, the seed of a tulip, being worth 4,000 gold pieces. During this time in history, tulip bulbs in Holland were more valuable than some homes. From our modern perspective, this sounds ridiculous. However, it is true.
Identify at least three potential problems with using tulips as a form of currency.
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Three potential problems with using tulips (commodity) as a form of currency are Deterioration, Bulkiness, and High opportunity cost due to their inherent value.
What is a commodity as a form of currency?
Commodity money is a physical good with 'intrinsic value.' This implies that the commodity can be used outside of its use as money.
Some historic commodity currencies included:
AlcoholCocoa beansCopper, Gold, SilverSaltSea shellsTeaTobaccoTulips.While commodity money is durable, divisible, easily exchangeable, and rare, they are subject to the following disadvantages:
Deterioration.Bulkiness.Indivisibility.High opportunity cost due to its inherent value.Subject to supply and demand.Thus, three potential problems with using tulips (commodity) as a form of currency are Deterioration, Bulkiness, and High opportunity cost due to their inherent value.
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Suntec for technology services opened for business on December 1, 2020. The following balances were extracted from its Ledger on 31 December 2020 before adjustments: Cash 20,400 Prepaid Insurance 4,500 Supplies 3,000 Land 29,000 Buildings 120,000 Furniture 16,000 Accounts Payable 4,900 Unearned Rent Revenue 5,000 Notes payable 60,000 Share Capital 109,800 Dividends 5,400 Service Revenue 41,400 Salaries Expense 40,000 Rent Revenue 30,000 Utilities Expense 8,800 Advertising Expense 4,000 Adjustments are as follows: 1. The balance in prepaid insurance is a two-year premium paid on December 1, 2020. 2. An inventory count on December 31 shows $ 3,000 of supplies on hand. 3. Depreciation useful lives are as follows: Buildings (20 years) and Furniture (5 years). 4. Unearned Rent Revenue of $3,800 was still unearned at December 31, 2020. 5. Accrued Salaries of $ 2,000 at December 31, 2020. 6. Accrued Service revenue of $ 3,000 at December 31, 2020. 7. Interest is accrued on the Notes payable at December 31, 2020. The annual interest rate is 9%. Required 1- Calculate the Net Income or Loss for the period ending 31, December 2020 2-2- Prepare the Balance Sheet for Suntec corporation at 31, December 2020.
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The Reverend Petros receives an annual salary of 51,000 as full-time minister this includes 5000 designated as a rental allowance River and Pedro is not exempt from employment tax how much must he include figuring that income for self-employed tax
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If the Reverend Petros receives an annual salary of 51,000 as full-time minister that includes 5000 designated as a rental allowance. The amount that must be include figuring that income for self-employed tax is : $51,000.
What is annual salary?Annual salary can be defined as the amount a person earn as salary per year.
On the other hand self employed tax can be defined as the tax a person that is solely working for his/her self without working for any other person remit to the government.
Therefore the amount that must be include figuring that income for self-employed tax is the amount of $51,000.
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Starting a new business as a sole proprietorship
O requires retaining the services of an attorney.
O is very similar to starting a business as a corporation.
O is usually simpler and less expensive than starting other forms of ownership.
O is simple, but the proprietorship fee is very expensive in some provinces.
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How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
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Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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A homeowner bought a homeowner's insurance policy The homeowner pays an annual 5650 premium for property coverage with a deductible is $1,175 for each claim A windstorm causes $42.500 in damages. If a claim for the full amount
of damages is approved, how much will the homeowner's insurance company pay for the damages?
O $42,500
O$41.325
O$41,975
$40.825
Answers
The homeowner's insurance company will pay for the damages an amount of $41,325.
What is an insurance?Insurance is financial product that provides protection against the potential financial losses. It works on the principle of risk-sharing, where a large number of individuals or organizations pool their money together to create a fund that can be used to compensate for losses that might occur to any member of the group. In exchange for a premium, an insurance company promises to pay out a certain amount of money in case of a covered event such as illness, accidents, or property damage. The purpose of insurance is to provide a sense of security and financial stability to individuals and organizations, enabling them to manage risks and protect themselves against unforeseen events.
Insurance company will pay= $42,500 - $1,175 = $41,325
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According to the video, what do Hotel, Motel, and Resort Clerks need to be knowledgeable about? Check all that apply.
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According to the video, some things that a Hotel, Motel & Resort Clerks need to be knowledgeable about includes:
hotel serviceslocal attractionscheckout timesWhere do Hotel, Motel & Resort belongs to?The services of Hotel, Motel & Resort all falls under the Hospitality industry. The industry has a very broad category of fields within the service industry that includes lodging, food service, drink service, event planning, theme parks, travel and tourism; as well, its includes a hotels, tourism agencies, restaurants and bars.
Some of the things the clerks of Hotel, Motel & Resort need to be knowledgeable about includes:
Hotel services: In order to bring joy among hotel customers, the hotel clerk should know about all hotel services and manners including laundry, food services, and other amenities.Local attractions: The tourists are attracted to any spots by knowing and seeing the famous local spots. That is why it is important that clerks need to be knowledgeable about the nearby local attractions to guide tourists.Check-out times: This timings are very much important things to know, so, the clerks should know this for sure to give perfect service to their customers.Missing options "airport safety, first aid, hotel services, local attractions, food hygiene, checkout times"
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A truck driver fell asleep at the wheel and his freight truck tipped over, leaking ammonia into the air and requiring an evacuation of everyone within 1 mile. The driver was later sued. A Police Detective named Emilio and a Defense Attorney named Beth were both assigned to work on the case.
Which tasks would Emilio and Beth complete while working on the case?
a) Emilio would respond to the emergency to interview witnesses and examine evidence, which Beth would use to represent the defendant in court.
b) Beth would respond to the emergency, both would interview witnesses and examine evidence, and Emilio would represent the defendant in court.
c) Emilio would respond to the emergency, both would interview witnesses and examine evidence, and Beth would represent the defendant in court.
d) Beth would respond to the emergency to interview witnesses and examine evidence, which Emilio would use to represent the defendant in court.
Answers
Answer:
its c
Explanation:
Answer:
Its C
Explanation:
Which activity relates to the strategy of transferring risk?
A.
brainstorming with staff
B.
countersigning a check before proceeding with the transaction
C.
insuring the company’s premises
D.
conducting a “What if?” analysis
Answers
The activity that relates to the strategy of transferring is option A A. brainstorming with staff.
What is brainstorming ?Brainstorming can be described as the method of generating ideas as well as sharing knowledge to solve a particular commercial or technical problem.
In the case above it should be noted that The activity that relates to the strategy of transferring is option A A. brainstorming with staff.
Therefore option A is correct.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
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Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
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La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
why are manufactured goods more valuable to the economy than services (select all that apply)
1. manufactured goods can be exported to other countries
2. manufacturing workers have more money to spend on other goods and services
3. manufactured goods are less expensive than handmade goods
4. manufacturing workers save more money than other workers.
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1.Why is knowledge of consumer behavior important to the marketer?
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The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
15. What is the net operating income for the year?
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Where the above conditions are given, the net operating income for the year is $785,700
How is this so?Sales revenue - Cost of goods sold = Gross profit
Gross profit - Selling and administrative expenses = Operating income
Sales revenue - $2,970,000 Cost of goods sold - Beginning inventory - $52,800 Raw materials used in production - $608,000 Direct labor - $580,000 Manufacturing overhead applied - $647,500 (41,000 direct labor-hours $15.75 per direct labor-hour) Total cost of goods sold - $1,808,300Selling and administrative expenses - $376,000
Operating income is given as $2,970,000 - $1,808,300 - $376,000 = $785,700
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Your annual sales are $217,000. The sales are spread evenly over four quarters except that sales in the first quarter are double any other quarter. What are your sales in the first quarter of the year?
Answers
Answer:
86,800
Explanation:
Answer:
it’s 86800
Explanation:
if the marginal propensity to consume is 9.5, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of $…..
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Marginal propensity to consume is the fraction of additional income that is spent on consumption. Therefore, if the marginal propensity to consume is 9.5, then for every additional dollar earned, 95 cents will be spent on consumption. If investment increases by $100, the maximum increase in equilibrium real gross domestic product (GDP) can be calculated by multiplying the increase in investment by the marginal propensity to consume.
The formula to calculate the maximum increase in equilibrium real gross domestic product is:Maximum increase in equilibrium real GDP = Change in investment × Marginal propensity to consume. Substituting the given values into the formula, we get:
Maximum increase in equilibrium real GDP = $100 × 9.5% or 0.095. Therefore, the maximum increase in equilibrium real GDP is $9.5.Since the increase in investment results in a multiplier effect on the economy, it is expected to lead to a higher increase in GDP than the calculated maximum increase in equilibrium real GDP.
This is because the increase in investment would result in increased production, employment, and incomes, leading to a further increase in consumption and investment.
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What makes penny stocks risky investments with uncertain rates of return? Choose four correct answers.
They generally have a low trading volume.
They have a low market price of less than $5.
They represent a share of a company’s value.
It is difficult to find reliable information about the company.
They are more likely to be a part of a “pump and dump” scheme.
Answers
Answer:1,2,4,5
Explanation: just took the assignment
Answer:
1, 2, 4, 5
Explanation:
Got it right on edge 2020
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Answers
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.
Answers
Answer : yes , i find the following scriptures by philosopher convincing:
T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.
Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.
Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.
Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.
Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.
The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.
It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.
what are fixed expenses
A. all expenses that change depending on various factors, such as the number of customers in a given period of time
B. the amount of money the retailer spends to buy each item from the wholesaler or producer
C. the amount of money received per the sale of each item
D. All expenses that are the same fixed amount on a recuring basis, such as rent
Answers
The amount of money received per the sale of each item are fixed expenses. The answer is OPTION C.
Numerous expenses fall under the category of fixed costs, such as mortgage and rent payments, various types of salary, insurance, property taxes, interest fees, depreciation, and some utility bills. For instance, a new business owner would probably start off with fixed costs like rent and managerial salary.
Fixed expenses: Expenses that must be paid on a regular basis and usually have a set price, such as bills. Utility bills are an example of fixed expenses that can also be variable because the monthly cost varies based on usage. The frequency of fixed expenses can be weekly, monthly, quarterly, or yearly.
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Which set of documents do you need to correct a mistake on a filed tax return
Answers
Answer:
Form 1040x
Explanation:
Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?
Answers
The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.
Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.
If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.
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hi , what is third-party companies??? thank
Answers
Answer:
A 'third party', is any entity that a company does business with. This may include suppliers, vendors, contract manufacturers, business partners and affiliates, brokers, distributors, resellers, and agents.
Which of the following best explains what a futures contract is?
a. a contract preventing the future sale or exchange of a particular good
b. a contract limiting the future liability of one set of partners if a business fails
c. a contract setting the price for the exchange of two foreign currencies
d. a contract setting the price and date for a commodity purchase
Answers
Answer:
d. a contract setting the price and date for a commodity purchase
What is a key factor you should consider when determining asset allocation
and diversification?
A. Real estate holdings
B. Avoiding similar investments
C. Rate of return
D. Portfolio size
SUBMIT
Answers
A key factor you should consider when determining asset allocation and diversification is Real estate holdings. Thus, option A is appropriate.
Real estate is a type of property that includes both unimproved land and improvements including buildings, furnishings, roads, buildings, and utility systems. Ownership of the land, improvements, and natural resources like minerals, plants, animals, water, etc. is conferred by property rights.
When you make a real agent investment, you are actually buying a physical, observable piece of land or property. Purchasing shares of a firm gives you a claim to a portion of the business itself; this is very different from investing in equities. Each sort of investment carries different risks.
A real estate agent is a qualified individual who acts as a buyer's or seller's agent in real estate deals.
Thus, option A is correct.
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It is a statement that describes the desired long-term results of your company's efforts. *
Answers
The answer is your mission statement
A mission statement states each goal the company has with their organization and what they wanna do
In Infosys BPM ltd, during the client audit,the external auditor seeks for your credentials.what would be your response
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I would respond to the external auditor's request for credentials by providing my employee ID card, relevant certifications, and references to establish my qualifications and expertise.
During a client audit at Infosys BPM Ltd, if the external auditor seeks my credentials, I would respond in a professional and transparent manner. I would provide them with the necessary information to establish my credentials and assure them of my qualifications and expertise.
I would begin by presenting my identification, such as my employee ID card, which clearly displays my name and position within the company. I would also provide any relevant certifications or degrees that validate my qualifications in the specific area being audited. Additionally, I would offer references or contact information of supervisors or colleagues who can vouch for my work and knowledge.
It is crucial to maintain open communication and build trust with the external auditor. I would address any concerns they may have and be prepared to answer any questions regarding my role, responsibilities, and experience in the relevant field.
Ultimately, my aim would be to demonstrate that I possess the necessary credentials and expertise to fulfill my responsibilities effectively and contribute to a successful audit process.
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Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some examples: (organized, produced, selected, coordinated, contributed). Find five other than the examples.
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Answer:
Examples:
• accomplished
• designed
• initiated
• supervised
• addressed
• corresponded
• persuaded
• publicized
• reconciled
• executed
• monitored
• operated
• consolidated
• appointed
• delegated
• established
Explanation:
Action verbs: One type of power word is an action verb. This kind of verb shows your ability to succeed. These words demonstrate the skills you have used in previous jobs to achieve success. I added in some more because I'm extra.
Hope this helps. :)
Action verb describes motion, which includes running, jumping, kicking, beating, breaking, crying, smiling, or thinking.
What are Action verbs?Action verbs are additionally referred to as bendy actions, explicit motions whether not bodily or mental. The verb describes what the sentence maker is doing.
So are a few examples of the action verbs are:
planning (you can plan accordingly - for example, your daily life and your plan)Include (such as tasks or other items that can help complete a task on time)Analyze (this will be great, so review the details, analyze the issue to manage it, but also follow the rules)You're ready (good and ready for the start of your shift, or maybe you have the stuff for the next shift that will start after you)Design (this can be followed by several tasks, you have the skills to design / present ideas to the table such as website ideas, sales items to attract sales, pick lines to sell items)
Thus, action verbs are good to include in your resume as well, this makes your skills stand out.
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Productivity
One of your department managers has been reading research that shows that worker productivity rises when employees are able to determine their own hours and even work from home when they want. He wants to try this in his department.
What factors would you take into account when making your decision on his request??
Answers
Based on recent research, the authors offer a strategy to assist knowledge workers in developing their skills. A variety of important factors have an impact on decision-making. Many cognitive biases, experiences from the past.
What exactly does "strategy" mean?
The methods used to achieve the outcomes (goals) are described in a plan (resources). When a company competes or its environment changes, strategy may be predetermined or it may grow naturally. Tasks like strategic planning and strategic thought are included. The strategy of an organization refers to its long-term goals and the plan it has in place to reach them. In other words, it illustrates the plan of attack for achieving the specified objective. A tactic is the exact action conducted in order to complete the goals in line with the strategy.
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