The Accounting Equation is Assets = Liability + Owner's Equity. True False
Answers
The given statement is true. We can write the relationship between assets, liabilities, and owners' equity can be written as an equation. Such an equation is called the accounting equation.
What is accounting equation?Bookkeeping is the basis of double-entry bookkeeping.
The balance sheet formula states that on a company's balance sheet, the company's total assets equal the sum of its liabilities and the company's equity.
Assets represent valuable resources under your company's control. Liabilities represent your obligations.
Both debt and equity describe how a company's assets are financed. Debt financing is accounted for as debt, while equity financing is included in equity.
Assets represent valuable resources managed by a company, while liabilities represent obligations. Both debt and equity describe how a company's assets are financed.
If it is financed by debt, it is shown as debt, but if it is financed by issuing shares to investors, it is shown as equity.
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This PA 2 assignment requires you to identify a current change in an organization with which you are familiar, and evaluate a current public issue about which "something must be done." In relation to the change issue, think about what sense-making changes might need to be enacted and how you would go about doing this. Then, design a mindmap visually assessing this in terms of the eight (8) elements of the sense-making framework suggested by Helms Mills and as set out in Table 9.7:
Sensemaking and identity construction
Social sense-making
Extracted cues of sensemaking
Ongoing sense-making
Retrospection
Plausibility
Enactment
Projective sense-making
Make sure you visually address the following questions:
Which ones did you believe you might have the most/least control over, and why?
What implications does this have for adopting a sense-making approach to organizational change?
Note Course :BUS 700 Leadership and Creative Solution Implementation Area : Management
Answers
We can see here a mindmap that visually assesses the eight elements of the sense-making framework suggested by Helms Mills in relation to a current change in an organization:
Social sense-making
How does the change impact the organization's social networks?How does the change impact the employees' social interactions?What is sense-making change?Sense-making change refers to the process of understanding and making sense of organizational changes.
Extracted cues of sensemaking
What are the key cues that employees are using to make sense of the change?How can the organization provide more information and feedback to help employees make sense of the change?Ongoing sense-making
How can the organization create a culture of ongoing sense-making and learning?How can the organization encourage employees to share their thoughts and ideas about the change?Retrospection
How can the organization reflect on the change and learn from it?How can the organization use what it has learned to improve its future change efforts?Plausibility
How can the organization make the change seem more plausible to employees?How can the organization provide clear and convincing reasons for the change?Enactment
How can the organization help employees enact the change.How can the organization provide training and support to help employees make the change?Projective sense-making
How can the organization help employees project themselves into the future and imagine what the organization will be like after the change?How can the organization create a sense of excitement and anticipation about the future?Learn more about sense-making on https://brainly.com/question/31602893
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A variable can be called or referenced before it has been defined.
O True
O False
Answers
Answer:
True.
Explanation:
.Others at work see me as assertive. need answers for application
Answers
Answer:
yes
Explanation:
It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way
HURRY I NEED HELP!!!
Does globalization (or global trade) provide an opportunity to the world (positive), or does it take advantage of local individuals and cultures (negative)? Explain in a CREW format.
Interviewer: I am here on a very crowded Wall Street with protesters chanting all around me…
Group of Protesters: People before profits! People before profits! People before profits!
Interviewer: Many of these folks are against the growth of global free trade. They believe free trade is to blame for increases in poverty, income inequality (lots of rich and lots of poor), and environmental damage in recent decades. They claim that the elimination of tariffs and other barriers to trade have simply allowed large, multinational corporations to move into and exploit (take advantage of) developing nations, while hurting many U.S. workers and families, too.
Protester 1 (wearing a “No More Sweatshops” T-shirt): The extreme expansion of capitalism and free trade has allowed large, multinational companies to exploit developing countries, and especially their poorest citizens who are often forced to work for less than $1.00 day. Many of the factories set up by these big companies are sweatshops– dirty, dangerous, and the pay is awful. We are here protesting for a ‘living wage’ for all foreign employees of U.S. corporations.
Union representative: I’m tired of these large, unfeeling corporations sending our good paying manufacturing jobs overseas to some factory where workers make $1.50 an hour, instead of letting Americans have those jobs…That’s what’s happening in the textile industry, the steel industry, and the auto industry, too. These are industries that built America and now our jobs are going to China or Mexico...
Interviewer: The other side of this global debate–you might call them free-trade advocates– argues that opening up markets and international borders to free trade has had all kinds of benefits for developing nations, as well as the United States and other industrialized nations. They cite data showing increased life expectancy, increased literacy (ability to read and write), more political freedom, and a reduction in the proportion of people living on less than $1.00 per day in the developing nations.
Manager: Evidence shows that the number of people living on $1.00 per day or less has decreased by 50% in the last 20 years, which was a period of rapid world economic growth, largely because of international trade. And the percentage of people who are malnourished (Starving) has dropped from 56% in the 1960s to only 10% today. Again, during a period of global economic growth, fueled by trade. Look, our corporation has a factory in Vietnam. Last year our factory there paid 2 times the local wage. That was a big step up for those workers, and it made sense for us, too, because it meant we could get the most productive local workers.
Shopper: Let’s also look at all of the different product choices we have. I can go into the grocery store and find different types of food from all over the world. We are limited in what we can produce and grow here in America, so having global trade gives us so many more options.
C- Claim (Globalization provides an opportunity to people throughout the world [or] Globalization takes advantage of local individuals and cultures around the world.)
R- Reason (It provides the opportunity because… [Or] It takes advantage of others because…)
E- Evidence (insert a quote from the reading to prove your positive or negative side)
W- Warrant (This quote shows how globalization is positive/negative because… We should/shouldn’t continue to trade with other countries of the world because...)
Answers
Answer:
In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new.
1. Sometimes, risk workshops produce so many risks that they cannot all be adequately assessed. In other situations, too few risks are identified, which allows for an in-depth assessment. What are the advantages and disadvantages of these two scenarios? Risk workshops allow stakeholders to get together in the risk assessment process. Its impossible to assess every single risk. One of the benefits to this process is having the ability to identify them and potentially prevent certain things from happening. If employees are aware of all these risks they could take advantage of that knowledge. Secondly, if only a few risks are identified it becomes easier to evaluate these risks in small numbers. 3. What is inherent risk? How could it help and/or hinder the assessment of risk? Provide an example of inherent risk. Do not use Investopedia to answer this question. The term inherent risk is the amount of risk in order to achieve the goal. It allows us to identify which control factors are key. You can use this by determining each risk if the control factor (inherent risk) did not exist. The term inherent risk can help the assessment of risks that are related to controls fail. 4. How does voting technology work in the ERM environment? Discuss the advantages and disadvantages of using voting technology compared with other approaches such as those described in this case study. There are many pros and cons to voting technology. Some advantages include being battery operated and can be used without power. Secondly, it protects the votes from being miscounted by humans. The disadvantages are that some of the screens prompted voters to the wrong choice. Lastly, a disadvantage would be the machines being damaged in anyway could be detrimental if the information was lost.
Answers
In risk workshops, the scenario of producing too many risks leads to the challenge of adequately assessing all of them, while identifying too few risks allows for a more in-depth assessment.
Risk workshops bring stakeholders together to participate in the risk assessment process. When the workshop produces an overwhelming number of risks, it becomes challenging to thoroughly assess each one. However, this scenario has the advantage of allowing the identification of a wide range of risks, potentially preventing undesirable events. On the downside, if employees are made aware of numerous risks, there is a risk of them exploiting that knowledge.
On the other hand, when too few risks are identified in a workshop, it enables a more comprehensive and detailed assessment of those risks. With a smaller number of risks, it becomes easier to evaluate and prioritize them. This can lead to a more focused risk management approach. However, the disadvantage is that the workshop may miss out on identifying important risks that could have significant impacts.
To summarize, the advantage of producing many risks is the opportunity to identify and prevent potential issues, while the advantage of identifying fewer risks is the ability to assess them in-depth. The disadvantage of producing many risks is the risk of employees exploiting the knowledge, and the disadvantage of identifying fewer risks is the possibility of overlooking important risks.
Note: The explanation provided is a detailed expansion of the main answer, addressing each aspect of the question.
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The following characteristics are associated with which type of leader? They are known to be able to manage change and set a vision for themselves and the organization. They are values driven and appeal to employees,' collaborators' and
other stakeholders' moral values and aspirations.
A. Collaborative leaders
B. Transformational leaders
C. Transactional leaders
D. Persuasive leaders
Answers
B. Transformational leaders are associated with the following characteristics: They are known to be able to manage change and set a vision for themselves and the organization. They are values-driven and appeal to employees, collaborators and other stakeholders' moral values and aspirations.
What is a Transformational Leader?A transformational leader is an individual who inspires their team with enthusiasm, motivation, and commitment to the organization's goals and values. Transformational leaders help their subordinates develop their potential and perform beyond their expectations. They lead by example and encourage their teams to be innovative and creative. Transformational leadership inspires change, innovation, and creativity through empowerment, support, and trust.
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2.
Why do people run a business?
Answers
Answer:
to make money
Explanation:
A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
Answers
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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david is selling his property to mark. at closing, david delivers title to mark, and mark acknowledges that he received title. what has occurred?
Answers
Since David only handles one property at a time and has a limited range of responsibilities, the best way to describe his agency connection is to say that he is a special agent.
Who is a special agent?An investigator or detective for a governmental or independent body who specializes in conducting criminal investigations is known as a special agent or federal agent. Generally speaking, certain agents are federal law enforcement personnel with the power to make arrests or to open small-scale criminal or non-criminal investigations. However, in some organizations, a special agent may have both criminal and non-criminal investigative authority but yet not the power to carry out significant criminal investigations. These law enforcement officials have clear authority to carry out both major and minor criminal investigations and to make arrests. Additionally, because they are law enforcement professionals, the majority of special agents are allowed to carry weapons both on and off duty.
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PLS HELP
In order to search the Internet, you need to use software referred to as a(n)
A) computer connector
B) Internet browser
C) TCP
D) network browser
Answers
B) internet browser
OR
D)network browser
I think b? maybe?
For U.S. corporations, current assets have fallen from 50 percent of total assets in the 1960s to 40 percent of total assets today primarily because of more efficient _____.
Answers
For U.S. corporations, current assets have fallen from 50 percent of total assets in the 1960s to 40 percent of total assets today primarily because of more efficient inventory management.
With the advent of technology, businesses can now track inventory levels in real time and optimize their supply chains. This has resulted in reduced inventory levels and hence, lower current assets. Additionally, businesses have also started to rely more on just-in-time (JIT) inventory systems, where inventory is delivered just before it is needed, further reducing the need for high levels of current assets. These trends have led to improved efficiency and reduced costs for businesses.
Overall, the decrease in current assets for U.S. corporations can be attributed to a combination of factors, including efficient inventory management, a shift towards a service-oriented economy, and changes in accounting standards.
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Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and:.
Answers
When the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
What is a reserve account?It should be noted that a reserve account simply means the accumulation of funds that are used for future purpose.
In this case, when the owners of the bank borrow $100 to supplement their existing reserves, it'll increase the reserves account and debt account.
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In a balanced budget, the amount you ______ is ______ the amount you earn.
A: Spend; equal to
B: Save; less than
C: Spend; greater than
D: Save; greater than
Answers
In a balanced budget, the amount you spend is equal to the amount you earn. This means that your expenses do not exceed your income and you are not living beyond your means.
A balanced budget is an important financial goal that can help you achieve financial stability and avoid debt. It requires careful planning and tracking of income and expenses to ensure that you are not spending more than you earn. A balanced budget is a financial plan where your income is equal to your expenses. This means that you are not spending more money than you earn. A balanced budget is important because it helps you avoid debt and maintain financial stability. It is a crucial part of personal finance and can help you achieve your long-term financial goals. Creating a balanced budget requires you to track your income and expenses. You need to know how much money you are earning and how much you are spending on a regular basis. This can help you identify areas where you can cut back on expenses or increase your income to ensure that your budget is balanced.
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Which parts of your business are not profitable?
Answers
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
Please read the following case study carefully and answer the questions that follow.
When Stephanie Mayer first started working as an office assistant with AOC Enterprises Limited, she was eager and enthusiastic. She was determined to prove herself a valuable employee, so she willingly accepted additional duties and responsibilities. She eventually found that she had more work than she could manage and was unable to type some essential documents before they were due. She told her supervisor that she had placed them on her desk the previous evening, but apparently someone had moved them. When reprimanded by her supervisor, she became offended and reminded him how much she usually does for the business. She withdrew her enthusiasm and began complaining that her boss was ungrateful.
List THREE positive and THREE negative qualities that Stephanie displayed. (6points)
State TWO poor decisions Stephanie made. (2 points)
Suggest THREE ways in which Stephanie could have prevented this conflict. (6 points)
Explain how the business can be affected by the deterioration of the relationship between Stephanie and her supervisor. (4 points)
Answers
The positive qualities that Stephanie displayed include passion, determination, self-reliance while the negative qualities that she displayed include impatience, apathy, and lack of respect.
The poor decisions that were made by Stephanie include:
Complaining about how ungrateful her supervisor was.Shouting back at her supervisor rather than trying to resolve the issue.The ways that Stephanie could have prevented this conflict include:
Explaining what really happened to her supervisor.Not complaining about the ungratefulness of her boss.She could have been patient as well rather than confronting her supervisor.The deterioration of the relationship between Stephanie and her supervisor can bring about disunity in the workplace and this can lead to lower productivity.
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Community redevelopment programs are primarily directed towards _______. a. preventing pollution in commercial and residential properties b. improving property values by eliminating blighted buildings c. establishing basic sanitation in urban environments and communities d. cleaning up abandoned, unused, and polluted properties Please select the best answer from the choices provided A B C D
Answers
Answer:
d. cleaning up abandoned, unused, and polluted properties
Explanation:
Given that Community redevelopment programs are programs established to create sufficient urban cities such that there is adequate proper housing and a suitable living environment including improvement in economic opportunities, majorly for the lower and middle class.
Hence, in this case, the correct answer is that community redevelopment programs are primarily directed towards "cleaning up abandoned, unused, and polluted properties." This will help the urban centers to have adequate housing and suitable living area.
Answer:
D. cleaning up abandoned, unused, and polluted properties
Explanation:
edge 2022 verified I just did the quiz below have a nice day :) <3
you are looking at figures and trying to understand the overall message weight for your client's shaving cream ads. you remind yourself that some people who watched the ad on a tv program may have also seen it in a magazine. this is called:
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After analyzing the scenario, you remind yourself that some people who watched the ad on a tv program may have also seen it in a magazine. this is called: cross-platform viewing.
Cross-platform viewing refers to the phenomenon of people interacting with advertising content across different media platforms. This could mean that someone who viewed a shaving cream ad on a TV program may have also seen the same ad in a magazine. Understanding cross-platform viewing is crucial for marketers trying to determine the effectiveness of their advertising campaigns.
By taking into account how consumers engage with content through various channels, marketers can gain a more comprehensive understanding of their target audience's behaviors and preferences. This, in turn, can help them craft more effective advertising strategies in the future.
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________ is a determination of what an advertising message will say or communicate to a target audience.
Answers
An advertising message strategy is a determination of what an advertising message will say or communicate to a target audience.
An advertising message strategy is essentially a plan that outlines the key messages that an advertisement will convey to a specific target audience. The strategy typically includes information on the audience's needs, wants, and preferences, as well as the benefits that the product or service being advertised offers to meet those needs.
The goal of the message strategy is to create a message that is not only appealing and relevant to the target audience but also aligns with the overall marketing objectives of the brand or organization. It is essential to ensure that the message is consistent with the brand's identity and positioning, while also being attention-grabbing and memorable to the target audience.
Overall, a well-crafted message strategy is a critical component of any successful advertising campaign. By carefully considering the audience's needs and crafting messages that effectively communicate the brand's value, organizations can create powerful and effective ads that resonate with their customers and drive results.
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which of these do you do first. when planning your career? a. make a list of you job preferences and skills. b. apply for as many jobs as you can. c. have a mock interview with a family member or friend. d. sign for an internship
Answers
Answer:
a. make a list of you job preferences and skills.
Greg puts $10,000 into an equity indexed annuity which allows compounding on gains within the annuity. The product has a minimum guaranteed return of 3% annually. Greg's participation rate is 90% of the S&P 500 index in years exceeding the minimum guaranteed return. There is also a cap of 10% on gains. After 3 years and with no fees taken into consideration, Greg is trying to figure out the value of his equity indexed annuity. Returns were as follows:
Year 1 - 12.5%
Year 2 - -4.0%
Year 3 - 5%
With these returns, Greg should find that the balance of his annuity is approximately which of the following after year 3?
[A] $11,750
[B] $11,840
[C] $12,032
[D] $12,167
Answers
Answer:
[B] $11,840
Explanation:
Given that the $10,000 is put in the equity
Now for the year 1 the return is 12.5% so its 90% would be 11.25 % that exceeds from 10% cap
In year 2, the returns shows in negative so here the minimum return is 3%
And, in year 3, the return is 5% and its 90% is 4.5% that is below from 10% cap
Now
For year 1
The balance would be
= $10,000 × 1.10
= $11,000
In year 2
= $10,000 × 1.03
= $11,330
And, in year 3
= $11,330 × 1.045
= $11,840
Hence, the correct option is B. $11,840
Question 8 of 10 Which choice best describes differences in corporate decision-making between the United States and the European Union? O A. Workers in the European Union are usually more involved in corporate decision-making. OB. Workers in the United States are usually more involved in corporate decision-making. OC. Workers in the European Union are involved less in decisions over labor. O D. Workers in the European Union are usually less active in trade unions.
Answers
The involvement of employees in corporate decision-making is often higher in the European Union, which highlights the disparities between corporate decision-making in the two regions.
What is meant by corporate decision-making?Corporate decision-makers are experts who select options from a variety of options in order to accomplish an organization's objectives and address problems. After choosing the appropriate course of action for their circumstance, they acquire information, assess the available evidence, and take action.
In most cases, the shareholders of a private corporation with many shareholders will either vote on a resolution during a shareholders' general meeting or by written resolution of the shareholders.
Organizations must choose actions that will maximize short-term results and avoid long-term dangers if they want to be competitive and thrive. Making strategic decisions reveals a company's future prospects and the options that can be put into practice to achieve success.
Therefore, the correct answer is option A. Workers in the European Union are usually more involved in corporate decision-making.
The complete question is:
Which choice best describes differences in corporate decision-making between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over labor.
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade unions.
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What is an example of SECONDARY market research
Answers
Answer:
News articles and Reports
Explanation:
its how they draw their data
Answer: Market research that's already compiled and organized for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.
Explanation: Secondary research uses outside information assembled by government agencies, industry and trade associations, labor unions, media sources, chambers of commerce, and so on. It's usually published in pamphlets, newsletters, trade publications, magazines, and newspapers. Secondary sources include the following: public and commercial sources
When considering certifications that are relevant in the information assurance/IT audit space, which of the following are considered certifications typically pursued by specialists? I CPA Libraries Cores Il PMP III CISSP IV CISA V CIA VI CRISC O II, II and V O II, II and IV Oll and VI O II, IV and VI
Answers
In the information assurance/IT audit space, the certifications typically pursued by specialists are II, II, and IV.
These certifications include CPA, CISA, and CISSP. These credentials are highly regarded and recognized within the industry for their specific focus on financial expertise, IT auditing, and information security.
CPA (Certified Public Accountant) is a certification that demonstrates expertise in financial accounting and reporting. While not directly focused on information assurance or IT audit, it is relevant due to its emphasis on financial controls and compliance, which are crucial aspects of IT audit.
CISA (Certified Information Systems Auditor) is a certification specifically designed for professionals working in the IT audit field. It validates the knowledge and skills required to assess, control, and audit information systems and technology. CISA covers topics such as information system governance, acquisition, development, and implementation, as well as operations, maintenance, and protection.
CISSP (Certified Information Systems Security Professional) is a globally recognized certification for information security professionals. Although not strictly focused on IT audit, it provides a strong foundation in security principles, policies, and practices, which are essential for effective IT audit and information assurance.
In summary, the certifications typically pursued by specialists in the information assurance/IT audit space are CPA, CISA, and CISSP. These credentials cover important areas such as financial expertise, IT auditing, and information security, providing professionals with a comprehensive skill set for their roles in the industry.
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Lucinda is giving a presentation to her manager, glenn, who has a hub motivational value system. In order to appeal to his pragmatic and flexible nature in her presentation, she should:.
Answers
The thing which Lucinda has to do in order to appeal to his pragmatic and flexible nature in her presentation, she should:
Stress the benefits to different stakeholders.What is Pragmatism?This refers to the philosophy which believes that words and thought are powerful tools to help in solving problems in practical applications.
Based on the fact that Lucinda's manager is said to be a pragmatist who has a motivational value system, then she would have to base her presentation on the fact that it would be beneficial to different stakeholders.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative
Answers
Answer:
pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)
tan-o-rama is a local tanning salon. the following information reflects its number of appointments and total costs for the first half of the year:Month Number of Appointments Total CostJanuary 225 $ 5,350 February 350 5,800 March 275 5,450 April 200 5,750 May 400 6,500 June 300 5,950 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost per Unit" answer to 2 decimal places and "Fixed Cost" answer to the nearest dollar amount.)Variable Cost Per Unit Fixed Costs
Answers
To calculate the total fixed cost per month and the variable cost per tanning appointment using the high-low method,
we need to identify the highest and lowest activity levels and their corresponding costs.
From the given data, we can see that the highest activity level is in May with 400 appointments and a total cost of $6,500, while the lowest activity level is in April with 200 appointments and a total cost of $5,750.
Using this information, we can calculate the variable cost per unit as follows:
Variable Cost Per Unit = (Highest Total Cost - Lowest Total Cost) / (Highest Activity Level - Lowest Activity Level)
Variable Cost Per Unit = ($6,500 - $5,750) / (400 - 200)
Variable Cost Per Unit = $750 / 200
Variable Cost Per Unit = $3.75 (rounded to 2 decimal places)
Next, we can calculate the fixed costs by using either the high or low activity level and subtracting the variable cost per unit multiplied by that activity level.
Let's use the highest activity level (May) for this calculation:
Fixed Costs = Highest Total Cost - (Variable Cost Per Unit x Highest Activity Level)
Fixed Costs = $6,500 - ($3.75 x 400)
Fixed Costs = $6,500 - $1,500
Fixed Costs = $5,000 (rounded to the nearest dollar)
Therefore, the variable cost per tanning appointment is $3.75 and the total fixed cost per month is $5,000 for Tan-o-rama.
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QUESTION 4 Risk Management: The following phrase defines/explains Tier 1: • Tier 1 addresses the risk of an organization from the view of establishing and implementing a Governance structure that are inline with the strategic goals and objectives of organizations and the requirements defined by federal laws, directives, policies, regulations, standards, and missions/business functions. It also defines the following: o Structure • Establish the risk management strategy • Governance True O False
Answers
True By doing so, Tier 1 ensures that risk management is embedded in the organization's decision-making processes and aligns with its strategic direction.
The statement is true. Tier 1 in risk management refers to the level that focuses on establishing and implementing a governance structure aligned with the strategic goals and objectives of the organization. It involves ensuring compliance with federal laws, directives, policies, regulations, standards, and missions/business functions. Tier 1 is responsible for defining the risk management strategy and governance framework within the organization. This includes setting up the necessary structures and processes to effectively manage risks and ensure that risk management practices are integrated into the overall governance framework
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mentoring moment: mission statements think about choices to include and choices to avoid when developing a mission statement. drag and drop each of the following phrases to either the good mission statements box or the poor mission statements box. is meaningful states what the organization wants to accomplish is very broad addresses customers the organization serves is specific is market-oriented lists all the products the organization sells is product-oriented describes the business the organization is in is less than seven words
Answers
Good mission statements are is meaningful, is specific, is market-oriented, and addresses customers the organization serves. Poor Mission Statements are is very broad, lists all the products the organization sells, is product-oriented, describes the business the organization is in, and is less than seven words.
Good Mission Statements:
Is meaningful: A good mission statement should be meaningful and convey a clear sense of purpose that inspires and motivates stakeholders.Is specific: A specific mission statement provides a clear direction for the organization and helps it stay focused on its goals.Is market-oriented: A market-oriented mission statement focuses on the needs and wants of customers, which helps the organization to understand its target audience and develop products and services that meet their needs.Addresses customers the organization serves: A mission statement that addresses the customers the organization serves indicates that the organization understands the importance of meeting the needs and expectations of its customers.Poor Mission Statements:
Is very broad: A mission statement that is too broad can be vague and fail to provide clear direction for the organization.Lists all the products the organization sells: Listing all the products an organization sells can make a mission statement sound more like a product catalog than a statement of purpose, which can be off-putting to customers.Is product-oriented: A mission statement that is product-oriented may fail to convey a sense of purpose beyond simply selling products.Describes the business the organization is in: Describing the business an organization is in is often too vague to provide meaningful direction for the organization.Is less than seven words: A mission statement that is too short may fail to provide sufficient detail and direction for the organization.To learn more about mission statements: https://brainly.com/question/30584584
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