The Accounting control is an automated application control (AC), Recorded payroll transactions exist for valid employees, yes since AC.
What are internal controls and why are they important?Payroll internal controls are measures employers implement in their payroll department to protect payroll information and ensure accurate payroll transactions. These controls come in various forms and ultimately depend on the risk factor involved.
Before we get into the different types of payroll internal controls, let’s examine why employers need them.
ayroll is privy to the following employee or employer information (and more):
Personal data — such as Social Security Number and home address, Bank account information, Time and attendance data, Wages and salaries, Tax withholdings, Form W-2, Benefits information, Payroll tax information.
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which of the following trends is not accurate? which of the following trends is not accurate? margin for original parts is flat replacement parts are accounting for an increasing percentage of net sales net income as a percentage of revenue is decreasing margin for replacement parts is increasing
Option A is correct. "Margin for original parts is flat" is not accurate trend.
What is Inaccurate Trends In Sales?A pattern or prediction in sales that is not backed up by factual information or proof is referred to as an erroneous trend in sales. This could happen for a variety of reasons, including false assumptions about the state of the market, erroneous forecasting techniques, or a lack of comprehension of consumer behavior. For instance, it would be deemed an erroneous trend if a business predicted that demand for their product would rise at a specific rate, but sales data revealed otherwise. Additionally, it would be deemed an erroneous trend if a corporation believed that their original parts margin was steady while in fact it was declining or rising.
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Which form of nonverbal communication is the best way to convey affection or
sympathy?
touch
appearance
gestures
posture
A) Touch
Touch is the best way to convey affection or sympathy. Touch communicates a sense of closeness, connection, and comfort that cannot be conveyed in any other form of nonverbal communication.
It is a powerful form of communication that can help to create a deeper bond between two people.
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Which is NOT an appurtenance and therefore does NOT pass with a standard warranty deed?
O Trade fixtures
O Trees
O Shrubs
O Custom window blinds
Custom window blinds is NOT an appurtenance and therefore does NOT pass with a standard warranty deed.
Custom windows are created with a particular style in mind. You can design the ideal window for your house by ordering a custom window. These windows can be created in almost any size, shape, or design upon request and according to your specifications.
$400 to $4,000 can be spent on custom windows. Window size, design, frame materials, and degree of personalization all affect price. Custom windows cost between 25% and 75% more than regular ones.
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A local landscaping company donates and plants a tree in the community for every new client that uses its landscaping design services. This exhibits the company's _______.
A) business ethics.
B) profitability.
C) business responsibility.
D) irresponsibility.
E) social responsibility.
A local landscaping company donates and plants a tree in the community for every new client that uses its landscaping design services. This exhibits the company's social responsibility.E) social responsibility is the correct option.
Social responsibility refers to the actions and decisions that a business makes in order to balance its economic goals with the interests of society and the environment. In this case, the landscaping company is taking a positive action to benefit the community by planting a tree for every new client, which is a clear example of social responsibility. The other options (A, B, C, D) are not directly related to the action the company is taking.
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Alex is a manager at Best Buy. He knows that his store will be changing rapidly because of new advances in technology. Which of the following actions should Alex take in order to motivate his employees? - Alex should tell his employees what to do and follow up to be sure that they do their jobs as instructed. - Alex should put one employee in charge of the team and have that employee report directly to him every day. - Alex shouid threaten his employees that they will be fired if they do not make the changes their managers request of them. - Alex should train his employees and allow them to make decisions about the changes.
Alex has to provide his staff training and let them make judgements regarding the adjustments. He is aware that due to recent technological advancements, his shop will change quickly.
Describe technology.
Technology is a constantly developing sector that has completely changed how we work and live. Anything that has been developed to make our life simpler, quicker, or more effective qualifies as technology. It refers to the application of scientific knowledge to real-world problems, enabling us to do tasks more quickly and effectively than we might otherwise. The way we interact, shop, study, and even travel has altered as a result of technology.
We are now more interconnected thanks to this, with access to a plethora of knowledge at our fingertips and the ability to remain in touch with friends and family wherever in the globe. Businesses can now manufacture, sell, and deliver goods and services to clients much more quickly and effectively thanks to technology, which has also made business easier.
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if the marginal propensity to consume is 0.7, then a $200 increase in disposable income leads to a increase in consumption
In this case, if the MPC is 0.7, then when disposable income increases by $200, aggregate consumption increases by $140 (0.7 x 200). The marginal propensity to consume (MPC) is the ratio of the change in consumption to the change in disposable income.
This is because part of the additional income will be spent on goods and services, while the remaining part will be saved. This increase in consumption will stimulate the economy and lead to increased employment and output. This increased output will cause the creation of additional income, which will then lead to further increases in consumption and economic activity.
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Verizon Wireless recently ran a pricing trial to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area and increased prices by 5% to customers in those areas. One week later, the number of customers enrolled in Verizon’s cellular plans declined 4% in those states, while enrollments in states where prices were not increased remained flat. The manager used this information to estimate the price elasticity of demand for Verizon and, based on her findings, immediately increased prices in all market areas by 5% in an attempt to boost the company’s 2020 annual revenues. One year later, the manager was perplexed because Verizon’s 2020 annual revenues were 10% lower than those in 2019: the price increase apparently led to a reduction in the company’s revenues.
Did the manager make an error? Explain.
Yes, it is likely that cell phone elasticity is considerably greater in the long run than in the short term.
How do cell phones work?
A cellular phone is a type of telecommunication that uses radio waves to send calls over networked areas (cells) and is supported by a base station or cell site at a fixed location. This allows calls to be transmitted wirelessly over long distances to fixed landlines or the Internet.
In this networked system, a cell phone is recognized as a mobile system made up of the hardware and SIM card that actually allows a mobile phone number. Cellphone, mobile phone, and cellular are other terms for cellular phones.
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techniques for customers driven marketing for bakery business
There are several techniques that a bakery business can use to implement a customer-driven marketing strategy:
Market research: Conducting market research can help a bakery business understand the needs and preferences of their customers, as well as identifying potential new customers. This can include surveys, focus groups, and online research.
Product development: Using customer feedback, a bakery business can develop new products that meet the specific needs and preferences of their customers.
Personalization: Personalizing products and services for customers can help to create a sense of loyalty and increase customer satisfaction. This can include customizing products, offering customized gift boxes, or creating a loyalty program.
Customer service: Providing excellent customer service can help to establish trust and loyalty with customers. This can include offering a friendly and welcoming atmosphere, being attentive to customer needs, and promptly addressing customer complaints.
Social media: Utilizing social media platforms can help to connect with customers and build a strong online presence. This can include creating a social media account, regularly updating it with new products, special promotions and engaging with customers through comments and direct messaging.
Community engagement: Participating in community events and supporting local causes can help to build a positive reputation and increase brand awareness.
Referral Marketing: Encourage satisfied customers to refer friends and family to your bakery business by offering incentives such as discounts or rewards.
By implementing these techniques, a bakery business can create a customer-driven marketing strategy that is tailored to the needs and preferences of their customers.
which of the following statements about the statement of cash flows are correct? (check all that apply.) multiple select question. it details the sources and uses of cash. in certain circumstances, it can replace the statement of retained earnings. the purpose is to report cash receipts and cash payments during a period.
The correct statement about of cash flows will be it details the sources and uses of cash.
A cash flow is such a physical or virtual movement of funds; in its strictest definition, it refers to a transfer of funds, typically from one central bank institution to another.
The net amount of cash including cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively.
Cash flow would be a metric for how much money a company earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is more often divided into statement of cash flows, investment activities, as well as financing activities.
Therefore, the correct answer will be option (a)
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2
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kipped
[The following information applies to the questions displayed below.]
On December 31, Hawkin's records show the following accounts.
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Hawkin, Capital, December 1
Hawkin, Withdrawals
Services Revenue
Wages Expense
Rent Expense
Utilities Expense
HAWKIN
Income Statement
$ 5,900
1,000
3,600
14,800
Use the above information to prepare a December income statement for Hawkin.
onth Endod
5,9000
1,000
3,600
14,800
6,400
15,300
The net income of Hawkins is $5,800
What is meant by net income?Net income is the amount of money you may have left over after taxes and other withholdings from your paycheck. Net income is the money that remains for a business after covering operational costs, administrative expenses, cost of products sold, taxes, insurance, and any other business charges. Before taxes, benefits, and other payroll deductions are deducted, an employee's gross pay is what they are paid. Net pay, often known as take-home pay, is the sum that is left over after all deductions have been taken into consideration. Since it is the final indicator of a company's performance, net income is frequently used interchangeably with profit.Income statement
Service revenue $16,000
Less:
Wages Expense $8,000
Rent Expense $1,500
Utilities Expense $700
Total expenses $10,200
Net income $5,800
The following information should be considered:
The income statement is the statement that records the revenues and expenses.
Either it has a net income or net loss.
Therefore we can conclude that the net income is $5,800
The complete question is,
\On December 31, Hawkins records show the following accounts.
Cash $5,100 Accounts Receivable 600
Supplies 2,000 Equipment 14,000
Accounts Payable 6,000 Common stock 6,900
Retained earnings, December 1 4,000 Dividends 1,000
Services Revenue 16,000 Wages Expense 8,000
Rent Expense 1,500 Utilities Expense 700
Required:
Use the above information to prepare a December income statement for Hawkins
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Based on the previous graph, total surplus in the absence of international trade is_____ million.
brent peterson for president
which situation is an example of "cultural context" in the transactional model of communication?
"You prefer being direct and are giving a presentation for your branch in Japan" is an example of "cultural context" in the transactional model of communication.
What do you mean by Transactional model?
The transactional model is a data processing model that emphasizes the use of transactions to ensure the consistency and accuracy of data. Transactions are a sequence of operations that are atomic, consistent, isolated, and durable. The transactional model ensures that all operations within a transaction are executed completely, or none are executed at all. This ensures that the data remains consistent, and that any errors that occur during the transaction are handled appropriately.
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Constructing professional memos please help!!! Quickly
Memos are known for being succinct, direct, and simple to read. Despite being less official than letters, they nonetheless need to be written in a formal, concise manner.
What are the steps of creating a memo?A memo should include the following.
1. Heading. To. From. Date. Subject.
2. Opening statement.
3. Context.
4. Call to action and task statement.
5. Discussion.
6. Closing.
What is a business memo?A business memo is a brief document that is used within an organization to communicate information. Memos are known for being succinct, direct, and simple to read. Despite being less official than letters, they nonetheless need to be written in a formal, concise manner. It's a specific kind of business note.
What does memo in banking mean?In a bank memo, the routing information and bank account details associated with a company's business account are listed. It is normally written on bank letterhead and either a banker's signature or a teller's stamp is used.
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PLS HELPPPPP MEEE FAST
Answer:
Explanation:
the price of the domestic currency with respect to another currency.
so a
1a) Explain how a consumer market is determined.
1b) Give two examples of consumer markets of different size.
2a) Explain how a business market is determined.
2b) Give two examples of business to business markets of different size.
(PRINCIPLES OF MARKETING)
Pls help and pls no spam!
Consumer markets are generally made up of goods that individuals use on a daily basis. A person enters the consumer market if they buy something for their own use.
What is a market, exactly?Definition: The entire number of buyers and sellers in the area or region under consideration is the market. The region might be the entire planet, or it could be made up of several nations, states, or cities. A market's supply and demand factors determine the worth, cost, and price of the goods sold.
The significance of market definitionIn the analysis of mergers and the majority of antitrust proceedings, market definition is a crucial initial step. It does so by establishing the parameters of corporate rivalry.
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Which of the following is true about compliance procedures for
environmental law?
A. Businesses are largely responsible to monitor and ensure their
own compliance.
B. Compliance with regulations is voluntary unless a company
previously broke laws.
OC. All businesses are inspected by environmental agencies on a
regular basis.
D. Businesses are only accountable for violations found by
government agents.
That C. all businesses are inspected by environmental agencies on a regular basis is true about compliance procedures for environmental law.
What is environmental law?
Environmental law refers to rules, regulations, standards, and other requirements stipulated by the government or its agency to control, limit, or forbid completely the use of chemicals, substances, and mixtures that constitute an extreme risk to humans from being produced, processed, distributed, used, imported, or discarded.
All businesses and individuals are mandated to comply with these laws.
The Environmental Protection Agency (EPA) is the government agency required to write environmental guidelines and enforce them in the United States.
Thus, it inspects all businesses on regular basis to ensure compliance with the laws.
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Answer:
A. businesses are largely responsible to monitor and ensure their own compliance
Explanation:
Suppose you are a top executive of a home-improvement chain, and you want to launch a new company website. Provide examples of activities you would carry out during each step to create this site.
Answer:
Planning:
Defining the goals and objectives of the website, such as increasing online sales or improving customer engagement
Identifying the target audience and their needs
Researching and analyzing competitors' websites
Creating a project plan and timeline
Design:
Creating a wireframe or prototype of the website layout
Choosing colors, fonts, and other visual elements
Designing any necessary graphics or images
Ensuring the website is user-friendly and easy to navigate
Development:
Building the website using HTML, CSS, and JavaScript
Implementing any necessary features such as a shopping cart or customer account management
Integrating the website with other systems such as inventory management or payment processing
Testing the website to ensure it is functional and responsive on different devices
Deployment:
Securing the website by adding encryption and implementing a security protocol
Hosting the website on a server
Configuring the domain name and DNS settings
Conducting a final round of testing and quality assurance
Launching the website to the public
Maintenance:
Monitoring the website for any issues or bugs
Making updates and improvements as needed
Backing up the website data
Keeping software and security protocols up-to-date
Tracking website analytics to measure performance and make data-driven decisions.
Which financial statement provides information about a point in time
Answer:
Explanation:
On July 1, 2015, Crowe Co. pays €15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co. journalize the entry on July 1 and the adjusting entry on December 31.
According to the question Insurance expense is $2,500 and Unearned service revenue is $2,500.
What do you mean by the expense?Expenses are simply another word for cost. It is also possible to refer to the sum of all activities that generally produce revenue as costs.
as we know that, Insurance expense
= Principal amount x time period
= 15,000 x 6/12(july - dec) x 1/3 ( 1 yr from the 3 yr insurance )
= $2,500
as we know that, Unearned service revenue
= Principal amount x time period
= 15,000 x 6/12(july - dec) x 1/3 ( 1 year from the 3 year insurance )
= $2,500
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which of the following forms have been converted from a specific year printed on the form to a continuous use version 
The instructions and forms 1098, 1099-A, 1099-C, 1099-DIV, 1099-G, 1099-INT, 1099-K, 1099-MISC, 1099-NEC, and 1099-S have been changed from annual updates to continuous usage. The instructions for the form will be updated as necessary.
What distinguishes a 1099-NEC from a 1099-MISC?Payments like rent and prizes that are not subject to self-employment tax are reported using the Form 1099-MISC. Non-employee compensation that is almost certainly liable to self-employment tax is reported using Form 1099-NEC. According to a representative of the Internal Revenue Service, new federal forms in the 1099 series that record unrelated data and nonemployee income will be utilized beginning in the tax year 2022 and not the 2021.
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If AD excess equals $40 billion and the MPC equals 0.75, then the desired fiscal restraint equals
A. $10 billion.
B. $53.33 billion.
C. $30 billion.
D. $160 billion.
Answer:
40 times 0. 75 is equal to 30 so the $40 billion ×0.75=$30 billion
a firm's direct investment in international business involves building a new plant or buying an existing plant in a foreign country to produce its own products, or it may involve buying an existing firm in a foreign country.
This statement is true. A firm's direct investment in international business involves building a new plant or buying an existing plant in a foreign country to produce its own products, or it may involve buying an existing firm in a foreign country.
Direct investment is also known as foreign direct investment (FDI). FDI is a way to invest in a foreign commercial enterprise with the goal of acquiring a majority stake in the enterprise. Direct investment offers financial capital in exchange for an equity stake in a company without requiring the purchase of regular stock options. Direct investment, also known as foreign direct investment, is intended to acquire an attempting to control interest in a business. Direct investment offers financial support in exchange for a stake in a company without the buy of regular shares of stock. Direct investment may entail a firm in one country establishing its own company's operations in another.
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A large airline appointed an engineer to be the link between the company's research and development department and the government contractor who is sponsoring the designing and prototyping of a new fighter airplane. According to Mintzberg, the engineer appointed by the airline is in the role of a
A cross-functional team is a group of professionals who are customer-focused and have a variety of areas of expertise.
They work together to achieve a common goal through collaboration, which helps to maximise effort, investment, and time in achieving customer satisfaction and the objectives of the organisation.
Members of the team may come from several organisational divisions, including marketing, finance, safety and quality, human resources, and operations.
Prototypes are created to guarantee that early findings and solutions are used to tackle problems in an efficient manner. These prototypes are being offered to the respondents, who will assess if they truly address the issues raised by the research. If not, the prototype will continue to receive updates until the issue is resolved.
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When doing research, knowing the population mean and other population parameters is essential
O true
B false
True. When doing research, knowing the population mean and other population parameters is essential.
What do you mean by Population?
Population is a term used to describe the number of people living in a certain area. It can refer to a specific geographic area, such as a city or a country, or it can refer to the entire world. Population size is often used to determine economic, political, and social trends in an area.
Knowing the population mean and other population parameters is essential when doing research because it provides a baseline for comparison and helps to identify trends or outliers in the data. It also allows researchers to draw valid conclusions about the population from which the data was collected.
Hence, the statement is True.
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Which of the following statements is not valid when the market supply curve is vertical?
a. An increase in market demand will increase the equilibrium quantity.
b. Supply is perfectly inelastic.
c. Market quantity supplied does not change when the price changes.
d. An increase in market demand will increase the equilibrium price.
The statement is not valid when the market supply curve is vertical is Market quantity supplied does not change when the price changes.
What is Market supply curve?
The link between total output and the average marginal cost of creating this output is measured by the market supply curve. One justification for sketching supply curves with P on the vertical axis is the interpretation of the market supply curve as a marginal cost curve.
For instance, farmers are unable to grow more corn right away if the price of grain rises. The following year, they might grow something different in place of corn. In most cases, a "supply curve" is taken to mean the market supply curve unless a specific producer is mentioned.
The key factors of supply are technology, the quantity of suppliers, their expectations, consumer feedback, a tax freeze, etc.
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Elaborate the importance of studying Consumer Behavior in Marketing management.
In Marketing management marketers can better understand what drives consumer purchasing decisions by studying consumer behavior. They can fill the gap in the market, identify the items that are needed.
Marketing management: What is it?Marketing managers plan and execute marketing initiatives to create demand for goods and services and increase consumer awareness of them. A wide range of actions can be included by this broad term, including designing, administering, and assessing marketing initiatives. The organizational discipline of marketing management focuses on the effective administration of a firm's marketing resources and operations as well as the practical application of marketing orientation, strategies, and procedures inside enterprises and organizations.
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which of the following serves to relay important information about a transaction to the accountant? (select all that apply.) multiple select question. sales invoices quarterly tax return bills from suppliers annual report cash register tapes
Sales invoices, bills from suppliers, and cash register tapes all relay important information about a transaction to the accountant.
A professional who needs to perform accounting tasks such as acct analysis, auditing, or analysis of financial statements is referred to as an accountant. Accountants work for accountancy firms or in internal accounting departments of large corporations. They may also establish their own, unique practices. These professionals are accredited by national professional organizations after meeting state-specific instructional and testing requirements. Accounting processes such as acct analysis, internal audit, and financial statement analysis are performed by accountants. Accountants can work for an accounting company or a large corporation with an internal general ledger, or they can establish their own practice.
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In the context of factors of production, which of the following an example of a natural resource?
a. An equipment
b. Land
c.An investment
d.Information
Please answer the question posted in the image below:
The cash flow in each of years 1 to 5 will be $4,687,000.
What is cash flow?The net amount of cash and cash equivalents transferred into and out of a company is referred to as cash flow. Inflows are represented by cash received, while outflows are represented by money spent.
In year 0 only outflows occur and we assume all the revenues accrue after a full year of operation,
Free cash flows at year 0 are = Initial outlay + Transportation costs = $8,000,000
For Year 1 - 5 we calculate net cash flows before tax,
Year 1 = $10,000,000-3,5000,000 = $6,500,000
This will remain the same through out the project life.
We also calculate depreciation tax shield,
Depreciation = $8,000,000 / 5 = $1,600,000 per year
For tax subtract the depreciation and then add it back later for cash flow
Cash flow after depreciation = $6,500,000- $1,600,000 = $4,900,000
Tax = $4,900,000 × 0.37 =$1,813,000
∴ Cash flow for Year 1-5 = $4,900,000 - $1,813,000 + $1,600,000
= $4,687,000
Therefore, cash flow for each of the years 1 to 5 is $4,687,000.
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select all that apply which of the following workplace satisfaction facets are measured by the job descriptive index? multiple select question. promotion satisfaction emotional satisfaction coworker satisfaction pay satisfaction
According to the value-percept theory, the employer is in charge of maintaining employee job satisfaction.
Ellickson and Logsdon's study found that, out of the 14 variables they looked at, departmental pride had the biggest influence on overall work satisfaction.The value-percept theory of job satisfaction states that regardless of how satisfied we are with our coworkers, the manager to whom we report, our opportunities for growth, or our pay, we are motivated by the task we do.
This idea holds that when an employee's predetermined goals are achieved, they are satisfied with their jobs. As a result, when they get more of the outcomes they value, the employee is happier; conversely, when they get less of the outcomes, they are less happy.
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