An insurer must provide an insured with claim forms within 15 days after receiving notice of a loss.
Once an insured provides notice of a loss to an insurer, the insurer must promptly provide the necessary claim forms to begin the claims process. According to most state laws and insurance regulations, an insurer must provide these forms within 15 days of receiving notice of the loss. This ensures that the insured can begin the claims process as soon as possible and that the insurer is fulfilling its obligations under the policy. Failure to provide the forms within the designated time frame may result in penalties or fines for the insurer.
When an insured person experiences a loss and notifies their insurance company, the insurer is required to send the necessary claim forms to the insured within 15 days. This timeframe ensures that the insured can promptly file their claim and receive any compensation they may be entitled to.
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Furniture World is required by law to collect and send sales taxes to the state. If Furniture World has $98,000 of cash sales that are subject to a 6% sales tax, what is the journal entry to record the cash sales?
Dr Cash $98,000.00
Cr Sales $92,120.00
Cr sales tax payable $5,880.00
What is sales tax?
Sales tax is the portion of the sales revenue or sales price that would be paid to the government as taxes on the items sold.
In order words, the sales revenue comprises of the sales amount belonging to the seller and the other part which is the sales tax that the seller would remit to the relevant tax authority.
In this case, 6% of the amount collected from cash sales in this instance belongs to the tax authority which would be recorded as sales tax payable until it is finally paid to the tax authority.
Sales tax=$98,000*6%
Sales tax=$5880.00
sales amount=sales revenue-sales taxes
sales amount=$98000.00-$5,880.00
sales amount=$92,120.00
The appropriate journal entries would include a debit to cash account and corresponding credit entries of $92,120.00 and $5,880.00 to sales account and sales tax payable account respectively
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Anita is developing a website for her photography business. On the home page, she wants to include a link to another webpage in her website. What type of link should she insert?
Relative link can be inserted.
A relative link thinks that the page to which you're connected is the website and folder to which you've posted the web page. This link is under the same website URL and folder (Articles) as this page, thus we only refer to it by this link. There are two advantages of using relative references versus absolute references.
A Relative Reference is a partial http address that is a portion of a whole directory path. Remember that if no server name or path is supplied in html, the file reference will default to the current directory.
Therefore the answer is relative link.
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A bond is the issuer's written promise to pay the _____________ of the bond with interest.
A bond is its issuer's written promise to pay the amount equaling the par value of the bond with interest.
The bond period is the period from the issuance of the bond to the maturity of the bond. On the maturity date of the term bond, the face value of the principal bond must be repaid to the bondholder. Term bonds are in contrast to series bonds, which mature in installments over a period of time.
Bonds can be classified into four types: corporate bonds, municipal bonds, government bonds, and agency bonds. The bond price is inversely proportional to the coupon rate. When interest rates go up, bond prices go down, and when interest rates go down, bond prices go up.
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2. The public information strategy includes the types of information to be distributed, the procedures for distributing information, procedures for updating or correcting information, and:
A method for allowing the public to express concerns or questions.
What does public information strategy include?It aids in creating and maintaining a favorable public perception of your company. It entails reaching audiences by exploiting news stories and public interest themes that don't involve direct payment.
Find out what needs to be altered or improved, and then identify positive elements to build.
Identify any societal, economic, or industrial trends that need to be taken into account.
I understand the question you are looking for is this:
The public information strategy includes the types of information to be distributed, the procedures for distributing information, procedures for updating or correcting information, and:
A) a method for allowing the public to express concerns or questions.
B) the time of day to distribute information.
C) when to withhold information.
D) the cost of distributing information.
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Which of the following would DECREASE the NPV of a project being considered, other things held constant
(E) A shift from straight-line to MACRS depreciation would increase the NPV of a project.
What is MACRS depreciation?The MACRS depreciation method provides for greater accelerated depreciation over the asset's life. This means that the company can take bigger tax deductions in the early years of the asset's life and less in later years.NVP of a project:
The difference between the value of cash today and the worth of cash at a future date is referred to as net present value (NPV). In project management, NPV is used to estimate if the future financial returns of a project will outweigh the current investment, indicating that the project is worthwhile. A switch from straight-line to MACRS depreciation would boost a project's NPV.As it is given in the description itself, a switch from straight-line to MACRS depreciation would boost a project's NPV.
Therefore, (E) a shift from straight-line to MACRS depreciation would increase the NPV of a project.
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The question you are looking for is given here:
Other things held constant, which of the following would increase the NPV of a project being considered?
a. Making the initial investment in the first year rather than spreading it over the first three years.
b. The project would decrease sales of another product line.
c. An increase in required net operating working capital.
d. An increase in the discount rate associated with the project.
e. A shift from straight-line to MACRS depreciation.
What is it called when one party to a contract transfers the contractual rights and obligations to another but remains liable for the contract terms
An assignment is it called when one party to a contract transfers the contractual rights and obligations to another but remains liable for the contract terms.
What is contract assignment?This is a term used in law of contract and of property and assets, which is when a party transfers his or rights(assets) to the other party.
Here one party wishes to leave a contract and transfer their role to a new, incoming party. For the transfer to be legal, the process must be documented and sealed by the signature of both parties in the presence of their lawyer.
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In the short run, a profit-maximizing monopolistically competitive firm sets it price: A) equal to marginal revenue. B) equal to marginal cost. C) above marginal cost. D) below marginal cost.
In the short run, a profit-maximizing monopolistically competitive firm sets it price: above marginal cost. Option C. This is further explained below.
What is marginal cost?Generally, The marginal cost of production is the incremental cost incurred to produce one more unit of a good or service.
In conclusion, Initially, a monopolistically competitive business sets its price at a level above its marginal cost in order to maximize its profits.
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A planned unit development (PUD) is an example of A) multiple-use zoning. B) aesthetic zoning. C) directive zoning. D) bulk zoning.
A planned unit development (PUD) is an example of multiple-use zoning. option A
What is PUD?Planned unit development zone focuses on developing neighborhood, sub-divisions.
They are in charge of developing various buildings and structures within sub-division. PUD is under the multiple-use zoning that houses all houses project.
Therefore, A planned unit development (PUD) is an example of multiple-use zoning. option A
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Coffee accounts for at least 50 percent of the revenue that Uganda and Burundi earn from their exports. This reliance on one commodity explains why they are classified as what type of economy
The reliance on one commodity explains why they are classified as a peripheral economy.
What is a peripheral economy?A peripheral economy is an economy that relies on either one commodity or a few commodities. As a result, these types of economies are extremely vulnerable to fluctuations in price and demand of that commodity.
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Most operating decisions of management focus on a narrow range of activity called the ______ of production.
a.optimal level
b.relevant range
c.tactical operating level
d.strategic level
Most operating decisions of management focus on a narrow range of activity called the relevant range of production. This is further explained below.
What are operating decisions?Generally, Decisions about daily operations are the kinds of particular business choices that are made by every company on a daily basis. There are millions upon millions of these that have been taken, and thousands upon thousands of distinct varieties. Decisions on how to operate day-to-day activities in a firm are called "operational" and are made by a variety of employees.
In conclusion, The majority of operational choices made by management center on a certain subset of activities, which is referred to as the relevant range of output.
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The proactive prevention technique, ________, occurs when the marketing or public relations department suggests that something relatively small is a bigger deal.
The proactive prevention technique enhancements occur when the marketing or public relations department suggests that something relatively small is a bigger deal.
The American Public Relations Association defines public relations as "a strategic communication process that builds mutually beneficial relationships between an organization and its public." Basically, a PR specialist manages the public image and reputation of the organization.
Public relations is a unique management function that helps establish and maintain the interrelationships of communication, understanding, acceptance, and cooperation between an organization and the general public.
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The fed engages in open market operations and sells government securities. the result is?
Answer:
The reduction in money supply.
Explanation:
When the fed engages in open market operations and sells government securities, they reduce the amount of money in circulation thereby reducing money supply.
A manufacturer of a product that has
been in business for more than a century suddenly has few
customers. Even lowering prices does not help. What should the
manufacturer do?
Running loyalty or customer reward programs may also be a way to prioritize consumers amid an economic crisis. Make changes to your goods and services to better meet the demands of your target audience. It's important to diversify your company in case you lose a big client. This is further explained below.
What is the manufacturer?Generally, A person or business that produces products for sale.
In conclusion, It may also be possible to prioritize customers during an economic crisis by implementing customer loyalty or incentive programs.
make adjustments to your products and services to better match the needs of your target market.
Having a diverse client base is essential in the event that you lose a major customer.
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Assume that hiring a manager of operations was a good idea. What leadership style would have been more effective in this position
The authoritarian Leadership style would have been more effective in this position.
What is Authoritarian Leadership?
An authoritarian leadership style is shown when a leader prescribes policies and procedures, determines what goals must be met, and commands and controls all actions with little meaningful input from subordinates. Such a leader has complete control over the team, allowing for little individuality inside the group. The group is supposed to accomplish the work under very strict supervision, while the leader has limitless authority. The replies of subordinates following directives are either penalized or rewarded.Assume that hiring a manager of operations was a good idea.
Therefore, the authoritarian Leadership style would have been more effective in this position.
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Using this table, calculate the profit at each level of running shoe inserts production. Pair 1: $ Pair 2: $ Pair 3: $ Pair 4: $ Pair 5: $
Based on the total cost, total revenue, and pair of shoes, the profit level at every level of running shoe production are:
Pair 1 - $23Pair 2 - $51Par 3 -$80 Pair 4 - $109Pair 5 - $137What are the profits at each level?The profit can be found as:
= Total revenue - Total cost
At first level:
= Total revenue - total cost
= 30 - 7
= $23
At pair 2:
= Total revenue - total cost
= 60 - 9
= $51
At pair 3:
= Total revenue - total cost
= 90 - 10
= $80
At pair 4:
= Total revenue - total cost
= 120 - 11
= $109
At pair 5:
= Total revenue - total cost
= 150 - 13
= $137
The total profit is increasing because the total revenue is increasing significantly yet the total cost is only increasing marginally.
In conclusion, the profit is increasing more because cost is increasing less.
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The Civil Rights Movement can be most accurately described as primarily an uprising against the KKK.
It is false to claim that the Civil Rights Movement can more accurately be described primarily as a revolt against the KKK.
What was the Civil Rights Movement?It was the movement of the African-American population that took place during the 50s and 60s, whose main objective was the conquest of civil rights for blacks, in order to achieve equity among citizens regardless of racial characteristics and the end of segregation and institutional racism in the country.
Therefore, it is concluded that the civil rights movement emerged with the need to promote social justice in the country and equity to black citizens, who suffered from discrimination and racist movements, such as the KKK.
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Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics. He plans to make a short list of only those computers that score at least a 7 on his scale on all three characteristics. Which of the following choice heuristics has he chosen?
The heuristic that Gordon Jones would be said to be using is what is called the conjunctive heuristic.
What is the conjunctive heuristic?This is the type of heuristic that exists where a person would be said to set a minimum acceptable level on the attribute that they want. Then they pick the first alternative as their choice. The one that they choose is that first alternative that is able to meet the minimum standard of all of the attributes.
In simple terms the consumer in this type of heuristic is going to set what is a cut of on minimum attribute then he would go ahead to choose the first option that meets his need.
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Firms often use a(n) __________ when working on a major project involving the production of a large item such as an airplane, ship, or bridge.
The answer is the fixed position layout.
A fixed-position layout keeps the project in one location and directs employees and equipment to that location. A ship, a highway, a bridge, a home, and an operating table in a hospital operating room are all examples of this sort of project.
Three variables complicate the strategies for addressing the fixed-position arrangement. For starters, almost all sites have restricted space. Second, various materials are required at different phases of a project; hence, different components become crucial as the project progresses. Third, the volume of materials required is variable.
Therefore, the answer is fixed position layout.
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With a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of _____.
With a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of $100.
What is the relationship between the reserve ratio and money supply?The reserve ratio and the money supply have an inverse relationship.
This implies that when the reserve ratio decreases, the money supply increases, and vice versa.
Data and Calculations:Reserve ratio = 0.5 or 50%
Deposit = $100
Total money in the banking system = $200 ($100/0.5)
Increase in money supply = $100 ($200 - $100)
Thus, with a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of $100.
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________ is committed to persuading followers to share a leader’s vision and desired goals.
Transformational is committed to persuading followers to share a leader’s vision and desired goals.
A transformational leader is someone who: Supports followers' positive growth and motivation. sets an example for moral behavior within the company and inspires others to do the same. creates a work atmosphere that is morally sound and has defined priorities and norms.
Transformational leaders are adept at inspiring and motivating their teams to act in ways that result in substantive change. A successful staff that is empowered to innovate and contribute to an organization's future success is the outcome.
According to the leadership theory of transformational leadership, a leader collaborates with teams or followers beyond their immediate self-interests to identify needed change, develop a vision to guide the change through inspiration and influence, and carry out the change with the help of devoted group members.
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Sujin must send an email about longer working hours and salary increase to all the employees who work in her organization. Which organizing strategy should she use in conveying this message
Sujin's organizing strategy should be answering all the questions the employees are likely to have in the email, as stated in option A and explained below.
How should Sujin organize her email?Since employees might end up having doubts and questions about the new work schedule and the salary increase, Sujin should try her best to predict, so to speak, those questions and address them in the email.
By using such an organizing strategy, Sujin will be able to convey the necessary information while avoiding being flooded with responses filled with questions.
With the information above in mind, we can choose option A as the correct answer.
The missing answer choices for this question are the following:
She should answer all the questions the employees are likely to have in the email.She should end the email by giving importance to the message and not the employees.She should place the good news at the end of the message and the bad news in the middle of the message.She should not present the bad news in a positive way, as it might confuse the employees.Learn more about writing emails here:
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Choose a pay for performance method from the following categories: individual, group, or organizational performance and use the internet to locate the website of a company which has recently introduced a new pay system. then assess from the information, the drivers that were making the change necessary for the company, the steps and rationale of the system, implementation steps they utilized, and their results. be sure to provide any urls you used as a reference source for your answer.
The recognized benefits of a pay-for-performance system includes:
Employee EngagementEmployee CompensationImproved ProductivityLower Unit CostsBetter RecruitingWhat is a pay for performance strategy?This performance plan refers to a firm programs that is designed to pay the employees based on how well they do at work.
Most often, the companies that use this performance plan have clear guidelines for behaviors or that a certain employee's performance evaluation results that increase pay.
Normally, the Individual performance would take specific goals of a single-person whereas a group would consist of perhaps a department within a company.
The organizational performance goals would consist of a goal for an entire company when it comes to one’s contribution, also, an individual pay for performance incentive is a scenario where you would potentially have the greatest effect on the outcome of the incentive.
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If you were running an advertising campaign for designer men's suits, you should target families with Multiple Choice higher incomes. poor taste in clothing. lower incomes. similar tastes and preferences.
Higher incomes
You should target families with higher incomes.
How do you determine the target market and target audience?Companies segment the market to determine the target audience, then create marketing plans for each group of customers to tailor the offerings to their needs. Based on research into market sectors with the most potential for the business, the target market is selected. A company could concentrate on multiple demands and choose a primary and secondary objective. In this instance, the business concentrates on targeting families with higher incomes and allocates the majority of its resources to them.
Your target market seems to be a very difficult thing to define. But if you divide the procedure into several parts, you may quickly identify the appropriate market niche.
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To economists, the main difference between the short run and the long run is that.
Refer to Table 7-11. Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, producer surplus will be
Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.
How much producer surplus is seen?This can be calculated as:
= Area of producer surplus
= (Length x Width) + 0.5 x (Base x Height)
Solving gives:
= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))
= 12 + 6
= $18
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Cylle installs a unique home entertainment center. he charges a flat fee of $1,200 for the system and the installation. what revenue model does cylle employ?
Unit sales is revenue model employed. On a balance sheet, the unit sales figure represents the total sales of a product in a given period. This sales data is used to determine the price point that allows for the highest profit per unit while employed the actual cost of production.
For example, we could say that the iPad Air sold for $200 or 10,000 units, when the actual sales value is $2 million and the quantity employed is 10,000 units. As a result, unit sales of $200 are possible. Total Sales Value/sales Quantity = 2,000,000/10,000 = $200 in unit sales.
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Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a:_______
The entry to reinstate a specific receivable previously written off would include a: debit to Accounts Receivable.
What is uncollectible receivables?Uncollectible receivables can be defined as the loan or money that a company cannot collect from a debtor while Accounts Receivable can be defined as the money a company is expected to receive from a client or vendor for the service rendered to the vendor.
Hence, the appropriate journal entry to reinstate a specific receivable previously written off would be debit to Accounts Receivable.
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Treasury stock represents ______. (Check all that apply.) Multiple select question. stock issued in exchange for treasury bills a contra-equity account the amount paid for stock reacquired and currently held in treasury the amount paid to acquire US treasury stock
Option 3. The amount paid for the stock reacquired and currently held in its treasury.
2) Option 6. Credit common stocks $180,000.
2) Option 8. Debit cash $660,000.
Solution 1:
Treasury Stock represents "the amount paid for stock reacquired and currently held in Treasury".
Hence the third option is correct.
Solution 2:
Price of share = (Common stock + paid-in capital in excess of par) / Number of shares issued.
= ($100,000 + $460,000) / 50000
= $11.2 per share.
Solution 3:
Journal entry will be:
Debit Cash......................$660,000
Credit Common stock....................................$180,000
Credit Paid in capital in excess of par...........$480,000
Hence third, sixth and last options are correct.
Treasury stock is often a form of reserved stock set aside to raise funds or pay for future investments. Companies may use treasury stock to pay for investment or acquisition of competing businesses.
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Yang company sold merchandise for $2,000. The event is subject to a state sales tax of 9%. Based on this information, yang would be required to.
Recognizing the sale will require Yang to recognize a sales tax liability of $180.
Tax Liability: What Is It?The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability. The selling of an investment or other item that generates income generally results in the creation of a tax burden. When purchasing items, one may be required to pay a municipal or state sales tax. (Although several nations do, the United States does not impose a national sales tax.)
If a person's overall tax debt was nil or if their income was too low to necessitate filing tax returns, they might not have any income tax burden.
Types of Taxes
A form of consumption tax is sales tax. It is the tax assessed on merchandise sales. The value added tax is one illustration.
Excise tax is a charge applied at the point of sale to specific goods and services. Typically, this tax is imposed on products whose consumption the government intends to discourage. as in tobacco
This equation would be used to calculate Yang's tax obligation:
sales tax x cost of products sold
9% x $2000
0.09 x $2000
= $180.
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A technique that allows a researcher to determine the greatest amount of material that can move through a network is called:______
A technique that allows a researcher to determine the greatest amount of material that can move through a network is called maximal flow.
Sampling means selecting the organization that you'll definitely acquire information from in your studies. As an example, in case you are studying the critiques of college students in your college, you could survey a sample of one hundred college students. In information, sampling permits you to check speculation approximately the traits of a populace.
Quota sampling is a sampling technique wherein statistics are accrued from a homogeneous institution. It involves a -step procedure wherein two variables can be used to filter out records from the populace. it could easily be administered and facilitated in a short assessment.
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