A strategy does not exist unless it is formalized as a plan far in advance.
a. True, because strategy is about controlling for all future events
b. True, because a strategy needs to be communicated to all internal and external stakeholders
c. True, because a strategy will work better for a firm the further it is planned in advance
d. More than one of the above ‘true’ explanations are correct
e. False
Answers
False. Strategy can exist without formalized plans in advance.
Does a strategy require formalized plans in advance? (True/False)The correct answer is e. False.
While it is beneficial to formalize a strategy as a plan in advance, it is not accurate to say that a strategy does not exist unless it is formalized in advance. Strategies can exist as high-level guiding principles or intentions that guide decision-making and actions, even if they have not been fully formalized or documented. Strategies can emerge and evolve over time in response to changing circumstances, and they can be adjusted and adapted as needed.
Therefore, option a is not entirely true because strategy is not solely about controlling for all future events. Option b is not universally true because while communication is important for implementing a strategy, not all strategies need to be communicated to all stakeholders in advance. Option c is not universally true because the effectiveness of a strategy is influenced by various factors, and planning too far in advance may not always be the best approach.
In conclusion, a strategy can exist and be effective even if it is not formalized as a plan far in advance.
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Related Questions
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
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Answer:
see. I hope it's helpful for you lolExplanation:
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Mechanistic Structure Chain of Command Communication Flow Span of Management Decision Making Vertical Functional Long Vertical Narrow Centralized Divisional Long Vertical Narrow Centralized Matrix Dual Vertical & Horizontal Narrow Decentralized Team-Based Short Horizontal Broad Decentralized Organic Virtual Network Short Horizontal Broad Decentralized
Answers
1) As an organization becomes more organic, its communication flow becomes More horizontal Option(D).
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale and (B) Narrow spans of management ensure that employees operate efficiently. structure.
1) The correct answer is (D) More horizontal.
As an organization becomes more organic, its communication flow becomes more horizontal. In an organic structure, communication flows freely and fluidly among individuals and departments. This is because organic structures emphasize collaboration, teamwork, and information sharing across different levels and functions of the organization.
In a more horizontal communication flow, information is not restricted to following a strict chain of command or hierarchy. Instead, employees are encouraged to communicate directly with one another, regardless of their positions in the organizational structure. This horizontal flow of communication facilitates faster decision making, promotes innovation, and enables better coordination among teams and departments.
By encouraging horizontal communication, an organization can benefit from the diverse perspectives and expertise of its employees. This open exchange of information allows for a more efficient and effective decision-making process, as employees can contribute their insights and ideas directly, rather than relying solely on top-down directives.
Additionally, a more horizontal communication flow promotes a sense of empowerment and ownership among employees. When they have the freedom to communicate and share ideas across the organization, they feel more engaged and motivated to contribute to the organization's goals and success.
2) The correct answers are (A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale and (B) Narrow spans of management ensure that employees operate efficiently.
Dollar General, with its cost leadership strategy and focus on saving time and money for its customers, would be more effective with a centralized structure. Centralized decision making allows the organization to have tighter controls on the way work is done. This ensures consistency in operations and helps achieve economies of scale. With a centralized structure, Dollar General can closely monitor its processes, standardize procedures, and implement cost-saving measures across its stores. This control enables the company to streamline its operations and negotiate better deals with suppliers, resulting in lower costs and offering competitive prices to its customers.
Additionally, narrow spans of management contribute to operational efficiency. By having fewer subordinates reporting to each manager, the organization can ensure better supervision, coordination, and control. In the case of Dollar General, narrow spans of management would allow for more direct oversight and guidance from upper management to store managers and associates. This can improve the consistency and quality of customer service, as well as enhance the implementation of cost-saving initiatives.
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Complete Question
1) As an organization becomes more organic, its communication flow becomes ____________.
(A) Narrower (B) Broader (C) More verticle (D) More horizontal
2) Dollar General uses a cost leadership strategy. The Dollar General slogan is "Save time. Save money. Everyday!" Dollar General will be more effective if it has __________ structure. Which of the following reasons explain this? Check all that apply.
(A) Centralized decision making allows the organization to place tighter controls on the way work is done and, in the process, achieve economies of scale.
(B) Narrow spans of management ensure that employees operate efficiently.
(C) Horizontal communication and broad spans of management allow for added flexibility in employee decision making.
(D) Short chains of command ensure that the company will operate most effectively in a turbulent environment.
A person performs a cost-benefit analysis in order to:
O A. calculate the expenses of multiple businesses competing in the
same market.
B. analyze economic data to resheh general conclusions about a
country's economy.
C. evaluate the possible positive and negative effects of different
economic decisions.
D. determine the tax rates a business will pay depending on its
profits in a year.
Answers
An officer of a broker/dealer firm would be categorized as a restricted person if he attempted to purchase:
A)a municipal bond in a state where he does not reside. B)call options on a stock he believed was going down in price. C)closed-end funds on the secondary market. D)a new issue.
Answers
An officer of a broker/dealer firm would be categorized as a restricted person if he attempted to purchase a new issue.
A restricted person refers to an individual who is subject to certain limitations or restrictions when it comes to trading or investing in certain securities.
These restrictions are typically imposed to ensure fairness, prevent conflicts of interest, or maintain the integrity of the financial markets.
In the given options, the only scenario where an officer of a broker/dealer firm would be categorized as a restricted person is if he attempted to purchase a new issue.
New issues refer to securities that are being offered to the public for the first time. In such cases, individuals associated with broker/dealer firms, including officers, may be restricted from purchasing the new issue due to regulatory restrictions and potential conflicts of interest.
Restrictions on purchasing a new issue are in place to prevent individuals with insider information or privileged access from taking advantage of their position to obtain shares at preferential prices or quantities before the general public has access to them.
These restrictions help maintain fairness and ensure equal opportunities for all investors to participate in new offerings.
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Which nims management characteristic refers to the number of subordinates.
Answers
expense that does not change on a monthly basis:
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All bosses will react the same way to an employee being late. please select the best answer from the choices provided true false
Answers
When an employee is late, every manager will respond in the same way. The given statement is false.
Will all bosses react the same if an employee is late?
Every boss has his own way of working. Some bosses are more understanding than others. It all depends on the personality of the boss, as well as the reasons for the employee's delay. It is important that the worker be persistent and faithful. The unexpected happens and bosses are aware of it, except when they are aware of the expediency and lack of engagement of the employee. All bosses will react the same to a late employee. Following directions is a sign that you are a bad employee. Increasing your accountability increases your value to the company. Loyalty requires the permanent denial of all personal goals.
Even if bosses assume that employees are late from time to time if they are regularly late for work.
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Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD
Answers
Answer:
B. Inventory control
Explanation:
Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.
Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.
On January 2, 2019, Riverside Hospital purchased a $106,000 special radiology scanner from Faital Inc. The scanner has a useful life of five years and will have no disposal value at the end of its useful life. The straight-line method of depreciation is used on this scanner. Annual operating costs with this scanner are $105,300. Approximately one year later, the hospital is approached by Alliant Technology salesperson Jinsil Soon, who indicates that purchasing the scanner in 2019 from Faital was a mistake. She points out that Alliant has a scanner that will save Riverside Hospital $26,300 a year in operating expenses over its four-year useful life. She notes that the new scanner will cost $120,500 and has the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner will have no disposal value. Alliant agrees to buy the old scanner from Riverside Hospital for $59,100. (a) Your answer is correct. Assume Riverside Hospital sells its old scanner on January 2, 2020. Calculate the gain or loss on the sale. If Riverside Hospital sells its old scanner it incurs a loss V of $ 25700 i (b) Using incremental analysis, determine whether Riverside Hospital should purchase the new scanner on January 2, 2020. (If an amount reduces the net income then enter with a negative sign preceding the number e.g. -15,000 or parenthesis, e.g. (15,000).)
Answers
Riverside Hospital incurred a loss of $25,700 on selling their old scanner. Based on incremental analysis, it is recommended that they purchase the new scanner from Alliant Technology on January 2, 2020.
The loss incurred on selling the old scanner can be calculated by subtracting the book value of the scanner from the selling price. The book value can be calculated by taking the original cost of the scanner and depreciating it for one year using the straight-line method.
This gives a book value of $100,800 ((106,000/5) * 1). Subtracting the book value from the selling price of $59,100 gives a loss of $25,700.
To determine whether Riverside Hospital should purchase the new scanner, incremental analysis can be used. This involves comparing the total costs of both scanners and choosing the option with the lowest total cost.
The total cost of the old scanner for four years is $437,200 ($106,000 + 4*$105,300). The total cost of the new scanner is $485,200 ($120,500 + 4*$98,000).
Subtracting the total cost of the old scanner from the total cost of the new scanner shows a difference of $48,000. Since this cost is negative, it indicates that purchasing the new scanner will result in a net cost savings of $48,000 over four years.
Therefore, it is recommended that Riverside Hospital purchase the new scanner from Alliant Technology.
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Activity 3
Calculate Profit
Answers
Answer: See explanation
Explanation:
Profit is calculated as:
= Selling price - Cost price
1. Selling price = 1353
Cost price = 1230
Profit = Selling price - Cost price
= 1353 - 1230
= 123
2. Selling price = 1350
Cost price = 900
Profit = Selling price - Cost price
= 1350 - 900
= 450
3. Selling price = 1500
Cost price = 1200
Profit = Selling price - Cost price
= 1500 - 1200
= 300
4. Selling price = 2960
Cost price = 850
Profit = Selling price - Cost price
= 2960 - 850
= 2110
acme widgets had an order to process 250 widgets. the first unit required 200 minutes to assemble. before starting, the company estimated the amount of time it would require to assemble all 250 widgets if they learned at an 85% rate. after assembling all 250 widgets, acme realized they had learned at an 80% rate. how much time less than their estimate did acme take? you should be able to compute the answer within plus or minus 2 hours. group of answer choices 296.1 hours 126.6 hours 140.3 hours 91.2 hours 155.8 hours
Answers
Acme took 140.3 hours less than their estimate to assemble all 250 widgets. Correct option is C.
To solve this problem, we need to first calculate the expected total time for assembling all 250 widgets based on the estimated learning rate of 85%. The formula for expected total time is:
Expected total time = Time for first unit / (1 - Learning rate) * (Total number of units)
Plugging in the values, we get:
Expected total time = 200 / (1 - 0.85) * 250 = 2666.67 minutes
However, Acme realized they had actually learned at an 80% rate, so we need to recalculate the actual total time using the same formula but with a learning rate of 80%:
Actual total time = 200 / (1 - 0.8) * 250 = 2500 minutes
To find the time less than their estimate, we subtract the actual total time from the expected total time:
Time less than estimate = 2666.67 - 2500 = 166.67 minutes
Converting to hours, we get approximately 2.78 hours. Therefore, the answer is within the given range of plus or minus 2 hours.
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How much federal tax should be withheld from my paycheck?.
Answers
Answer:
It depends on the money you make and other variables.
list three goods that you see in your classroom and two services that exist in your school. explain why these goods and services are scarce.
Answers
The goods include: water bottles, hand sanitizers, and chewing gums, while the services include: Teacher and cafeteria workers. Because they are limited and the result of trade-offs, all of these goods and services are scarce.
Goods= water bottle, Sanitizer and Chewing Gum.
Services= Teachers and cafeteria workers.
Because society tends to want more resources and things than there are available, these resources and goods are regarded as scarce. While the majority of resources and products are rare, others are not, such as the air we breathe. While one person may want a lot of something, no one can have an unending supply since eventually a limit is reached because there are only so many resources that can be used to satisfy our limitless wants.
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When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
Answers
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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Miguel is trying to decide what luggage to buy. He has a choice of brown or black, wheels or no wheels, and small, medium, or large.
What is the probability of Miguel buying a large black piece of luggage with wheels?
Answers
The probability of Miguel buying a large black piece of luggage with wheels is 1/12.
When you perform the calculations, you would find out that you would have to multiply the variables and possible chances of occurrence and the answer is 1/12.
What is Probability?This refers to the chance of an event occurring and this is based on several factors.
Hence, we can see that The probability of Miguel buying a large black piece of luggage with wheels is 1/12.
When you perform the calculations, you would find out that you would have to multiply the variables and possible chances of occurrence and the answer is 1/12.
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01-018 - What is the excellence of an analyst?
Answers
Speed is a quality of a great analyzer. By coming up with inspiring new strategies and identifying possibilities and threats that their colleagues weren't even aware were important, a skilled analyst speeds up everything around them.
Onr must love numbers, be able to glean valuable insights from processed data, and have the ability to effectively express these insights in visual form if you want to succeed as a data analyst.
the typical abilities required of a quality analyst:
a focus on details.good time management.adaptability in analytical methods.Teamwork and collaboration.Communication. Critical thinking.Goals also enable business analysts to track their development and evaluate their performance. The SMART acronym should be kept in mind when establishing goals. Anybody may make effective objectives by using the goal-setting framework SMART. For Specific, Measurable, Achievable, Realistic, and Time-bound.
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over the past several decades, the difference between the labor-force participation rates of men and women in the u.s. has a. gradually increased. b. remained constant. c. gradually decreased. d. been eliminated.
Answers
Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.
What is labor force participation rate vs unemployment rate?The major distinction between the two is that while the unemployment rate reflects the percentage of people in the labor force who are now unemployed, the participation rate indicates the percentage of Americans who are in the labor force. The Bureau of Labor Statistics computes both (BLS).The U.S. labor force participation rate peaked in 2013 at about 63% and stayed there until the COVID-19 epidemic hit. As of November 2022, it was 62.1%. Based on social, demographic, and economic developments, the rate changes throughout time. Since 1990, the world's labor force participation has been steadily declining.To learn more about labor force participation rate refer,
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The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16
Answers
Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.
Answer:
D
Explanation:
Preparing the [I] consolidation journal entries for sale of depreciable assets - Equity method
Assume that on January 1, 2014, a wholly owned subsidiary sells to its parent, for a sale price of $115,000, equipment that originally cost $150,000. The subsidiary originally purchased the equipment on January 1, 2010, and depreciated the equipment assuming a 12-year useful life (straight-line with no salvage value). The parent has adopted the subsidiary’s depreciation policy and depreciates the equipment over the remaining useful life of 8 years. The parent uses the equity method to account for its Equity Investment.
a. Compute the annual pre-consolidation depreciation expense for the subsidiary (pre-intercompany sale) and the parent (post-intercompany sale).
b. Compute the pre-consolidation Gain on Sale recognized by the subsidiary during 2014.
c. Prepare the required [I] consolidation journal entry in 2014 (assume a full year of depreciation). d. Now assume that you are preparing the year-end consolidation journal entries for the year ending December 31, 2016. Prepare the required [I] consolidation journal entries during the holding period.
Answers
a. To compute the annual pre-consolidation depreciation expense for the subsidiary (pre-intercompany sale),
we need to divide the original cost of the equipment ($150,000) by the useful life (12 years). Therefore, the annual depreciation expense for the subsidiary is $12,500.
For the parent (post-intercompany sale), we divide the remaining book value of the equipment after the intercompany sale ($150,000 - $12,500 * 4 years = $100,000) by the remaining useful life (8 years). Thus, the annual depreciation expense for the parent is $12,500.
b. The pre-consolidation gain on sale recognized by the subsidiary during 2014 can be calculated by subtracting the book value of the equipment ($12,500 * 4 years = $50,000) from the sale price ($115,000). Hence, the pre-consolidation gain on sale is $65,000.
c. To prepare the required [I] consolidation journal entry in 2014, we need to record the depreciation expense for both the subsidiary and the parent.
For the subsidiary:
Debit: Depreciation Expense ($12,500)
Credit: Accumulated Depreciation ($12,500)
For the parent:
Debit: Investment in Subsidiary ($12,500)
Credit: Equity in Earnings of Subsidiary ($12,500)
d. To prepare the year-end consolidation journal entries for the year ending December 31, 2016, we need to record the depreciation expense for both the subsidiary and the parent, as well as any adjustments for the equity method.
The journal entries will be similar to the ones in part c, but the depreciation expense will be calculated based on the remaining useful life and book value as of December 31, 2016. Adjustments for equity method will depend on any changes in the subsidiary's net income and dividends declared during the holding period.
Remember to check for any changes in the subsidiary's net income and dividends declared during the holding period to make appropriate adjustments in the consolidation journal entries.
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What health effect is metal fume fever considered?
Answers
Answer:
A Metal fume fever is a condition in which the sufferer has influenza type symptoms such as a raised temperature, chills, pains, nausea and dizziness. It is caused by exposure to the fume of certain metals
intermediaries who sell products to other businesses for resale are known as _______.
Answers
The intermediaries who sell products to other businesses for resale are known as wholesalers.
Wholesalers are those business firms that purchase and store products in large quantities from different producers or manufacturers, then divide them into smaller batches and sell them in smaller quantities to other businesses for resale. Wholesalers are intermediaries who purchase goods from manufacturers in bulk and then sell them to retailers, who then sell them to end consumers. The wholesalers also perform various marketing functions such as grading, labelling, and packaging of products.
They provide bulk purchases and storage facilities, reduce transportation costs, minimize credit risks, and provide essential information to retailers regarding the goods being sold. Wholesalers act as a link between manufacturers and retailers, assisting both of them in various ways to conduct their businesses more efficiently. Thus, wholesalers play an essential role in the supply chain management of goods.
A wholesaler is a business that sells goods and services to retailers, merchants, or other wholesalers by sourcing, purchasing, or storing them from multiple suppliers.
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how do marketers customize pricing with pricing segmentation, peak load pricing, and surge pricing? explain decoy pricing. is decoy pricing ethical?
Answers
The marketers can customize pricing with pricing segmentation, peak load pricing, and surge pricing by considering the products and the quality of the products. The sed to make a consumer to buy a particular product, however it is ethical.
What is decoy pricing?Decoy pricing cxan be decribed as the strategy that is been used in the company so as to be able to guide a potential customer in purchasing of a specific product .
This can be done by presenting an inferior choice to the customer so that he can ask for a better product and by the time he sees the quality product he will be ful;ly cvonvinnced to py for the product , this can still be considered to be ethical bercause it serves as a way of marketing hst i been usd in selling a particular product in the market.
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Consider the following statement: To keep a team organized, it is important that all of the roles and tasks of each specific member are clearly defined and understood. It also is beneficial to ensure that the distribution of assignments is as fairly and evenly distributed throughout the team as possible. ⋯ Lars Tramilton, author at Career Trend You are expected to draft three (2) paragraphs for this reflection. In the first paragraph, explain why you agree or disagree with the statement. In the second paragraph, describe your level of contribution to your team. Mention if you believe that others would agree with your assessment of yourself.
Answers
I agree with the statement that to keep a team organized, it is crucial to have clear and well-defined roles and tasks for each team member.
How to explain the informationIn terms of my level of contribution to the team, I consider myself to be an active and dedicated member. I strive to fulfill my responsibilities and meet the expectations placed upon me.
Overall, I believe that agreeing on clear roles and tasks is essential for team organization and effectiveness. By clearly defining responsibilities and ensuring a fair distribution of assignments, teams can foster a productive and collaborative environment. As for my own contribution, I strive to be a reliable and proactive team member, and I believe that others would support this assessment of my role within the team.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
3. if a balance sheet were prepared for stone systems on july 31, 20y5, what amount should be reported as cash?
Answers
The adjusted balance per books on July 31, 20Y5, for Stone Systems is $31,580. This amount should be reported as cash on the balance sheet.
Balance per bank statement $33,650
Add: Deposit in transit +$9,150
-------
Adjusted bank balance $42,800
Less: Outstanding cheques -$17,865
-------
Adjusted balance per books $24,935
Add: Note collected by bank +$6,095
Add: Correction of bank error +$630 [(1810-1180)]
Less: Bank service charges -$80
-------
Adjusted balance per books $31,580
2. Journal Entries:
a. No entry required for outstanding cheques.
b. Cash $9,150
Accounts Receivable $9,150
(To record the deposit in transit.)
c. Cash $6,095
Notes Receivable $5,750
Interest Revenue $345
(To record the collection of the note left for collection.)
d. Accounts Payable $540
Cash $390
Loss on Incorrect Recording $150
(To record the correction of the cheque recorded at a wrong amount.)
e. Cash $630
Miscellaneous Expense $630
(To record the correction of the bank error.)
f. Miscellaneous Expense $80
Cash $80
(To record the bank service charges.)
3. The amount reported as cash on Stone Systems' balance sheet on July 31, 20Y5, should be $31,580. This is the adjusted balance per books after reconciling the bank statement.
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Complete question:
The cash account for Stone Systems on July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $33,650 on July 31, 20Y5. Comparing the bank statement and the accompanying canceled cheques and memos with the records reveals the following reconciling items:
A. Cheques outstanding totaled $17,865.
B. A deposit of $9,150, representing receipts of July 31, had been made too late to appear on the bank statement.
C. The bank had collected $6,095 on a note left for collection. The face of the note was $5,750.
D. A cheque for $390 returned with the statement had been incorrectly recorded by Stone Systems as $930. The cheque was for the payment of an obligation to Holland Co. for the purchase of supplies on account.
E. A cheque drawn for $1,810 had been incorrectly charged by the bank as $1,180.
F. Bank service charges for July amounted to $80.
Required::
1. Prepare a bank reconciliation.
2. Journalize the necessary entries.
3. If a balance sheet were prepared for Stone Systems on July 31, 20Y5, what amount should be reported as cash?
why indigenous technologies are better than modern technology
Answers
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
2. What is the name of the tendency for your body to stay “in motion" through the air
Answers
Answer:
please mark as brainliest
Explanation:
ans: Inertia
Inertia is the tendency of a body in motion to remain in motion through the air.
The name of the tendency where the body has to stay in motion via the air is inertia.
The following information related to the inertia is:
It is the resistance with respect to the physical object along with its velocity. It involved the speed variation or the motion direction.It is the object's tendency where it remains to move in the straight line having the same speed at the time when no force is acted.Therefore we can conclude that the name of the tendency where the body has to stay in motion via the air is inertia.
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The Galindo family plans to start a small business in our neighborhood. The father
borrows $10,000 from the bank at an annual interest rate of 7.5% rate for 42
months. What is the amount of interest he will pay on this loan?
$26.25
$26,250
$262,500
$2,625
Answers
Answer:
$2,625
Explanation:
Interest is calculated using the formula
I = p x r x t
For Galindo family
I= interest,
P = principal amount : $10,000
r= Interest rate: 7.5 % or 0.075
t= times in years : 3.5 years( 42 months /12)
I= $10,000 x 0.075 x 3.5
I=750 x 3.5
I=$2,625
What can an understanding that tourism involves travel for purposes such as leisure, business, or other reasons and that hospitality involves receiving guests in a way that is welcoming and friendly help define?
Answers
The understanding of tourism which involves travel for purposes such as leisure, business, as well as hospitality can help us to understand the exploration of the world which help relaxation.
What is tourism?Tourism can be described as the process of social, cultural as well as economic phenomenon which involves the movement of people from one place to another which involves the exploration of the world around us.
It should be noted that the act do encourage leisure as well as business which can help to promote the desire of the people.
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4. Many opponents of free trade use the following example to illustrate its negative effects:
Joe Smith started the day early having set his alarm clock (MADE IN JAPAN) for 6 AM. While his coffee pot (MADE IN CHINA) was perking, he shaved with his electric razor (MADE IN HONG KONG). He put on a dress shirt (MADE IN SRI LANKA), designer jeans (MADE IN SINGAPORE), and tennis shoes (MADE IN KOREA). After cooking his breakfast in his new electric skillet (MADE IN INDIA) he sat down with his calculator (MADE IN MEXICO) to see how much he could spend today. After setting his watch (MADE IN TAIWAN) to the radio (MADE IN INDIA) he got in his car (MADE IN GERMANY) filled it with gas from SAUDI ARABIA and continued his search for a good paying AMERICAN JOB. At the end of yet another discouraging and fruitless day, he checked email on his computer (MADE IN MALAYSIA) then decided to relax for a while. He put on his sandals (MADE IN BRAZIL) poured himself a glass of wine (MADE IN FRANCE) and turned on his TV (MADE IN INDONESIA), and then wondered WHY he can’t find a good-paying job in America.
Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade.
Answers
America must note that Free trade affords countries the opportunity to specialize in the production of goods and services that they are most efficient at producing, leading to lower prices and increased access to a variety of goods and services for consumers.
Protectionism, on the other hand, can lead to higher prices and reduced access to goods and services for consumers.
What is the rationale behind the above answer?Note that protectionism can only work under certain factors. China explored this briefly to build capacity then later opened its borders albeit strategically.
Economic protectionism is a policy that limits or controls international trade in order to protect domestic industries. One danger of protectionism is that it can lead to higher prices for consumers.
This is because protectionist measures, such as tariffs, can make imported goods more expensive, which may be passed on to consumers in the form of higher prices.
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