In order to increase production by 20% the following year, he uses planning to determine that the company will need to hire 10 more employees.
How to Create An Effective Employee Selection Process?
Companies use a set of stages called the employee selection process to find and hire the best employees. Effective selection can lead to the hiring of the kind of workers who will increase company morale, contribute to your corporate culture, and keep turnover low.
It's crucial to understand that hiring differs from personnel selection. Each represents a distinct phase. Selection comes once you have a suitable pool of applicants, after recruitment has been completed.
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You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero. True or false?.
It's false you buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero.
Opportunity cost is the time you spend studying and the money you spend doing something else. The farmer decided to plant wheat. Opportunity cost is the alternative use of growing another crop or resource (land and farm implements).
Opportunity cost is an economic term that refers to the value of something you have to give up in order to choose something else.
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according to adam smith , self-interest and competition act as an invisible hand , guiding firms in a market-based economy.
According to the Adam Smith, self-interest of the consumer to purchase the product. The competition always in the market to direct the firm. Both are the market based economy.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country.
According to the Adam Smith, the firm are the making the product to fulfill the consumer need. The consumer purchase the product to according to her self-interest. The market is the competition basis of different brands and substitute products in the market.
As a result, both are the market based economy.
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the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal policy. is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, uses government spending and taxation to do the same.
Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.
What is monetary and fiscal policy?Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.
Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.
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the process of comparing outputs to previously established standards to determine if corrective action is needed is called
When we compare outputs to previously established standards so that we can determine if there is a need for corrective action, this is called Controlling.
What is controlling?Controlling is a process in business where the company looks at outputs and compares them to the standards that they had previously established for the purpose of evaluating output.
The importance of this is to determine if there is a need to take corrective action to ensure that those outputs meet the established standards.
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the marketing mix, often known as the four ps of marketing, represent areas that a firm can adjust to influence demand for its goods, services, or ideas. if a firm wanted to adjust the cost of a service by 2 percent to stay competitive, on which of the four ps would it be focusing?
if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the Price in marketing mix.
What is a marketing mix?In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.
The four elements of marketing mix are often called 4 'Ps' and includes:
priceproductpromotionplace.In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,
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the american dental assistants association (adaa) is: group of answer choices a tripartite organization. an organization formed by juliette southard. an organization for dentists. a tripartite organizations formed by juliette southard.
American Dental assistants association (ADAA) is a tripartite organization formed by Juliette Southard.
The American Dental Assistants Association (ADAA) is a professional organization for dental assistants. It will be 97 years old in 2022. According to President Susan Camizzi, the organization's mission is to advance the careers of dental assistants and to advocate for the dental assisting profession in areas such as education, professional activities, credentialing, and legislation.
To advance the Association's ideals and growth in order to improve public access to and delivery of quality oral health care. Dental Assistants perform highly technical skilled work in the dental office under the supervision of dentists in a wide range of tasks ranging from patient care to administrative duties to laboratory functions.
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veronica, the marketing manager of qrs children's furniture, is designing a new label for the company's line of highchairs. the two key aspects of the label that she is working on are the assembly instructions and the simple usage instructions. these are examples of the requirements of labeling.
Veronica, the marketing manager of QRS Children's Furniture, is designing a new label for her line of highchairs. The two key aspects of the label that she is working on are the assembly instructions and the simple usage instructions. These are examples of the consumer requirements of labeling.
Who are consumers?A consumer is a person or a group that wants to order, orders, or utilizes purchased items, products, or services primarily for personal, social, family, household, and comparable purposes that are not directly tied to entrepreneurial or company activity.
A consumer in an economy typically purchases goods or services for personal use rather than for resale or for business objectives. Consumers purchase goods or services for a certain sum of money (or an equivalent) (use up).
Thus, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist system. Without consumer demand, one of the primary driving forces behind production—the desire to sell to consumers—would not exist. One end of the supply chain is also the consumer.
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What stories does marketing tell?
Storytelling advertising way the usage of a narrative to talk a message. The intention is to make the viewer sense something enough that it’ll inspire them to take action. Storytelling in advertising allows purchasers to understand why they need to care approximately something, and it really works to humanize your brand. if you want to analyze greater about messaging, view our logo message templates.
Storytelling in marketing isn't always restricted to film stories can be instructed in pics, verbally, or in written shape. and that they may be informed throughout all channels from social media to billboards. testimonies can help entrepreneurs acquire reduce-via in a market that’s by way of design distracting, growing advertising and marketing that resonates with humans and sticks.
if your emblem can create a powerful narrative, you’ll be able to seize your target audience’s interest for longer periods of time, make an extra memorable effect, and improve logo loyalty.
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a loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a(n) mortgage.
A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a graduated payment mortgage.
A graduated payment mortgage or GPM is a type of fixed rate mortgage for which the payments do increase gradually from an initial low base level to a higher final level.
The purpose of a Graduated payment mortgage is to allow different homeowners to start off with lower monthly mortgage payments in order to help certain people to qualify for their loans.
Generally, the payments will grow between 7% to 12% annually from the initial base payment amount till the time of full monthly payment amount is reached.
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if firms are experiencing economic losses in the short run, firms will leave the industry, industry output will , and economic losses will in the long run.
The supply curve swings to the right, prices drop, and profits drop when new businesses enter the market. Companies keep entering the market until economic profits are nil. Businesses in an industry will leave if they are incurring financial losses. The supply curve turns left, raising the price and lowering losses.
A financial loss is a financial harm incurred by one or more individuals as a result of subpar service rendered by a company. The loss is not directly related to property loss or physical injury.
Financial loss occurs when a business has a discrepancy between the amount of money coming in and the amount of money leaving, resulting in a net deficit. Financial losses can be caused by a variety of factors, including a lack of consumer interest, ongoing legal proceedings, the cessation of business owing to a third party, and others.
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bob's bakery receives its utility bill of $800 for the month and pays it immediately. record this transaction in the accounting equation. multiple choice question. increase cash and increase accounts payable. increase expenses and increase cash. increase accounts payable and increase expenses. increase expenses and decrease cash.
Based on the fact that Bob's bakery received a utility bill and paid it immediately, the effect is increase expenses and decrease cash.
How does utility payment affect the accounting equation?Utility payments are expenses and when they are incurred, they go to the expense account to show that the expenses the company incurred have increased.
If the expense is paid off immediately, then the cash account will have to be credited to show that it is reducing on account of being used to pay the utilities.
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the financial meltdown of 2008 was in part due to , demonstrating the dangers of relying too heavily on the quantitative techniques of scientific management.
The financial meltdown of 2008 was in part due to quants demonstrating the dangers of relying too heavily on the quantitative techniques of scientific management.
How did the financial meltdown of 2008 happen?
There were several reasons for the financial meltdown that the United States saw in 2008 and one of them was the overreliance on Quants.
Quants were quantitative models that were used to decide on the financial assets to invest in. They failed to predict the risks associated with Mortgage Backed Securities and this contributed in part to the meltdown.
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are financial intermediaries that participate directly in securities markets, buying and selling stocks and bonds for their own account. a. securities dealers b. accredited investors c. credit unions d. securities brokers
Securities brokers are financial intermediaries that participate directly in securities markets, buying and selling stocks and bonds for their own account. The security market is a subset of the larger financial market in which securities can be bought and sold between economic subjects based on demand and supply.
Security markets include stock markets, bond markets, and derivatives markets where prices can be determined and professional and nonprofessional participants can meet. There are two types of securities markets: primary markets, where new securities are issued, and secondary markets, where existing assets can be bought and sold. Secondary markets are further subdivided into organized exchanges.
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When a firm is deciding the ethics of outsourcing jobs to other members of the supply chain, what element of the marketing mix is being affected?.
When a firm is deciding on the ethics of outsourcing jobs to other members of the supply chain, the element of the marketing mix is being affected as the marketers should adhere to the AMA Code of Ethics for approaching every marketing.
The purpose of the Conduct of AMA Code is to define the behavioral standard which is expected in all interactions which take place in the AMA community and will be describing how those violations which are reported should be handled.
The American Marketing Association expects all of its employees, volunteers, sponsors, partners, as well as all others who are engaged with the AMA to practice upholding a commitment to the highest standards existing in ethical conduct. The AMA is fairly committed to, inclusion, transparency, and an environment that is under healthy working, which is being viewed as a foundation of the brand of AMA.
The Ethics statement addresses the position of AMA on the ethical standards which could be observed by marketers while practicing marketing techniques which is a part of their profession. This mainly includes research standards so as to apply to marketing purposes. The Behavior Expectations is outlining certain norms for those interactions that take place within an AMA community.
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operations consist of the ongoing work needed to ensure that an aorganization continues to function effectively
Operations consist of the ongoing work needed to ensure that an organization continues to function effectively, is a true statement.
What is operations in business?Operations refers to the management of your organization's internal procedures to guarantee optimal effectiveness. Regardless of whether you make stuff, sell products, or provide services, every small business owner must oversee the organizing and management of backroom labour.
A project manager must be concerned with delivering the intended scope and quality, subject to time and money constraints often referred to as performance.
Thus, it is a true statement.
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during september, sally's hair salon purchased $900 of supplies on account. in october, sally's wants to make a payment of $200 on this bill. record the october transaction into sally's accounting equation by: (check all that apply.)
The impact of the payment of $200 bill is as shown below:
Decreasing Account Payable, $200
Decreasing Cash, $200
What does purchase on account mean?
Purchase on account means Sally's hair salon purchased the supplies on credit with a promise to pay later on, in essence, the purchase would increase assets, inventory and increase accounts payable since credit purchase results in a liability
Also, when making payment of $200 on the bill, the cash balance of the Sally's hair salon would decrease by $200 and also its accounts payable would also go down by the same amount.
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on january 3, 2021, madison corp. purchased 30% of the voting common stock of huntsville co., paying $3,000,000. madison decided to use the equity method to account for this investment. at the time of the investment, huntsville’s total stockholders’ equity was $8,000,000. madison gathered the following information about huntsville’s assets and liabilities:
The amount of goodwill associated with the investment is: C. $336,000.
Amount of goodwillFirst step is to calculate the Identifiable Excess Paid
Buildings=$600,000 − $400,000 = $200,000
Equipment=$1,400,000 − $1,200,000 = $200,000
Franchises =$480,000 − 0 = $480,000
Identifiable Excess Paid=($200,000 + $200,000 + $480,0000)×30%
Identifiable Excess Paid= $880,000 × 30%
Identifiable Excess Paid = $264,000
Second step is to calculate the book value
Book value=$8,000,000 × 30%
Book value= $2,400,000
Third step is to calculate the goodwill
Good will=$3,000,0000-$2,400,000-$264,000
Goodwill=$336,000
Therefore the amount of goodwill associated with the investment is: C. $336,000.
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The complete question is:
On January 3, 2021, Madison Corp. purchased 30% of the voting common stock of Huntsville Co., paying $3,000,000. Madison decided to use the equity method to account for this investment. At the time of the investment, Huntsville's total stockholders' equity was $8,000,000. Madison gathered the following information about Huntsville's assets and liabilities:
Book Value Fair Value Buildings (10-year life)$400,000 $600,000 Equipment (5-year life) 1,200,000 1,400,000 Franchises (8-year life)$0 $480,000
For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired.
What is the amount of goodwill associated with the investment?
A. $264,000.
B. $600,000.
C. $336,000.
D. $480,000.
E. $0.
in the yates v. u.s. case, what was the purpose of the court's decision? group of answer choices to decide whether an injunction was an appropriate remedy to determine the civil liability of fishers to interpret a statute both b and c
To interpret a statute was the purpose of the court's decision.
What is Court?
A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. Courts are the principal mechanism of conflict resolution in both common law and civil law legal systems, and it is widely assumed that all persons have the ability to bring their claims before a court. Similarly, persons accused of a crime have the opportunity to submit their defence in court.
In the yates v. u.s. case, to interpret a statute was the purpose of the court's decision.
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justify your answer by explaining how the weighted average cost of capital for the company would change if clark uses bank debt to finance all or a portion of the building purchase.
Justify your response by describing how using bank debt to finance all or part of the building purchase would affect the company's weighted average cost of capital.
What is WACC?The weighted average cost of capital (WACC), which includes common stock, preferred stock, bonds, and other types of debt, is the average after-tax cost of capital for a company. WACC is the typical interest rate a business anticipates paying to finance its assets. Because it expresses the return that both bondholders and shareholders require in order to provide the company with capital in a single value, the weighted average cost of capital is a popular method for calculating the required rate of return. She mostly used her own money to launch the company, demonstrating that she started with equity rather than debt. She isn't starting out with a lot of debt, therefore the needed rate of return would be below the average. She may now concentrate on growing the business rather than making ongoing debt payments. Due to decreased investment, the total rate of return ought should be lower. To be able to market what they produce, all they truly needed was indeed a retail location. This was not there in their prior store facility, which doubled as their kitchen. Because they truly lack any debt to begin with, Clark can utilize some bank debt. She can then experience failing(defaulting) on the loan she obtained. This would be primarily caused by her not having enough money to be able to pay down the debt effectively
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ge sells its large appliances directly to home and apartment builders but uses retail stores like lowe's to sell to consumers, in a strategy known as .
GE sells its large product directly to home and apartment builders but uses retail stores like Lowe's to sell to consumers, in a strategy known as indirect channel. Companies obtain a major competitive advantage through indirect distribution.
They gain access to a larger consumer base without having to worry about getting the buyer through the door. This gives them more time to focus on their product, their customer base, and broadening their target consumer group. You would be using a direct sales channel if you went to a Nike store or the Nike website to buy a pair of their sneakers.
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determine the missing amount in each of the following cases: assets liabilities stockholders' equity a. $420,000 $175,000 answer 245,000 b. answer 73,000 $31,000 $42,000 c. $121,000 answer 31,000 $90,000
The missing amount in each of the following cases is: $245,000, $73,000, $31,000.
Assets, liabilities and stockholders' equitya. Assets = $420,000
a. Liabilities = $175,000
a. Stockholders' Equity = $245,000
($420,000-$175,000)
b. Assets = $73,000
($42,000+$31,000)
b. Liabilities = $31,000
b. Stockholders' Equity = $42,000
c. Assets = $121,000
c. Liabilities = $31,000
($121,000-$90,000)
c. Stockholders' Equity = $90,000
Therefore the missing amount in each of the following cases is: $245,000, $73,000, $31,000.
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The complete question is:
Determine the missing amount in each of the following cases: assets liabilities stockholders' equity
a.) Assets = $420,000
a.) Liabilities = $175,000
a.) Stockholders' Equity ?
b.) Assets = ?
b.) Liabilities = $31,000
b.) Stockholders' Equity=$42,000
c.) Assets = $121,000
c.) Liabilities = ?
c.) Stockholders' Equity=$90,000
What is the liability in sole proprietorships and partnerships??
Answer:
Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own.
According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
According to Etzioni’s three types of formal organizations, Normative organization type has a shared affinity when looking at the feeling of connectedness.
Systems that rely on normative power have a control structure that is based on promoting common values that members adhere to. These values are intentionally created and upheld by the organization, and they are all portrayed in different signs and symbols that can be either verbal, visual, behavioral, or intellectual, or any combination of the four. Having a strong commitment to an organization's ideology gives you influence and sway. Members adopt the values of the organization. The organization's members act cohesively and with a strong dedication to its objectives.
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in preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be (added/subtracted) to (from) net income
While preparing cash flows from operating activities (CFO), the increase in accounts receivable will be subtracted from net income.
The amount of money a company earns from ongoing, regular business activities such as manufacturing and selling goods or providing a service to customers is referred to as cash flow from operating activities (CFO). It is the first section shown on a cash flow statement. Long-term capital expenditures, as well as investment revenue and expense, are not included in cash flow from operating activities. CFO is also known as operating cash flow (OCF) or net cash from operating activities, and focuses solely on the core business.
Cash flow is one of the most important aspects of business operations because it represents the total amount of money transferred into and out of a company. It is significant for a variety of reasons because it affects the company's liquidity. It enables business owners and operators to see where their money is coming from and going, it assists them in taking steps to generate and maintain sufficient cash for operational efficiency and other necessary needs, and it assists them in making key and efficient financing decisions.
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Assume that tastes change so that tennis is no longer as desirable to play as it is now. What would happen to the market for tennis balls?.
What will happen in the tennis ball market is demand follows, the equilibrium quantity is smaller, and the price is lower.
Market equilibrium is a condition in which the quantity demanded is equal to the quantity supplied at a certain price level. The definition of market equilibrium also means that the price of goods supplied is the same as the price demanded by buyers.
In business, you will certainly make a bargain to reach a certain price. It is this process that produces market equilibrium, where goods are sold and purchased at an agreed price.
The market equilibrium point is when the price tends to remain or is called the equilibrium price. This condition can occur based on the difference between supply and demand.
Demand that is higher than supply will cause prices to rise. Vice versa, a higher supply will make the price go down.
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Kiara is a hostess at a fine French restaurant. She helps people make reservations and escorts them to their table when they arrive. The Hospitality and Tourism pathway that Kiara works in is:
A.
Lodging.
B.
Travel and Tourism.
C.
Recreation, Amusements, and Attractions.
D.
Restaurant and Food/Beverage Services.
Kiara is a hostess at a fine French restaurant. The Hospitality and Tourism pathway that Kiara works in is restaurant and Food/Beverage Services. Thus, option (d) is correct.
What is restaurant?
The term restaurant refers to space as the location of the people are the order of the food to as choice. A restaurant is provided the services to the customer. People are to exchange the services with the help of the money. Customer are to see the menu and the order to the food.
Kiara works as a waitress in a high-end French restaurant. When customers arrived, she helped them make reservations and took them to their tables. She was the restaurant's and food and beverage services' services.
As a result, the Kiara works in is restaurant and Food/Beverage Services. Therefore, option (d) is correct.
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suppose units are sold but only of them are deluxe. compute the operating income. compute the breakeven point in units. compare your answer with the answer to requirement 1. what is the major lesson of this problem?
Point of breakeven in units: = 22,500 units
Why is it important to know what a break-even point is?The point at which a business's total revenue equals its total expenses is known as the breakeven point. This translates to net zero just at the breakeven point, which means there is no profit.
According to the given information:Standard Deluxe Total
Units sold 225,000 25,000
Sales mix 9 1
Contribution margin per unit $10 $20
Weighted average
contribution margin per unit $90 $20 $110
Standard Deluxe Total
Units sold 225,000 25,000
Revenues $5,625,000 $1,125,000
(225,000*$25) (25,000*$45) $6,750,000
Variable costs 3,375,000 625,000
(225,000*$15) (25,000*$25) 4,000,000
Contribution margin 2,250,000 500,000 2,750,000
Fixed costs 2,475,000
Operating income $275,000
Point of breakeven in units: $2,475,000 / $110 = 22,500 units
Breakeven point in units is higher in requirement 1 than in requirement 3 due to standard's 9-fold higher sales mix in requirement 3 compared to standard's 4-fold higher sales mix in requirement 1.
Due to the lower per unit contribution margin for standard than deluxe, requirement 3's operating income was lower than requirement 1's.
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How does the adjustment for depreciation differ from other deferral adjustments?.
Depreciation adjustments use a contra asset account instead of directly reducing asset accounts.
As a result, depreciation adjustment differs from those other deferral adjustments that do not employ a contra account.
For depreciation, an independent provision is made, that is shown on the liabilities side, and the value of asset is lowered by the quantity of depreciation provision formed.
Depreciation is a more complicated adjustment. Depreciation expands the price of non-current assets over their useful lives, resulting in a charge against profit on the profit or loss statement.
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jacob's physical toy store relies on offline metrics such as store visits and in-store sales. he has heard that there are specialized campaign types that can help him meet these kinds of goals.
jacob's physical toy store relies on offline metrics such as store visits and in-store sales. he has heard that there are specialized campaign types that can help him meet these kinds of goals is Local here.
Whether you are nine years antique or ninety years old, toy shops by no means get antiques. sure, you have visible all the same old dolls and LEGO kits in every department store in your town, but you may never grow out of actual toy shops. the most famous toy shop in the global is Hamleys in London. The most famous toy store in the united states of America is FAO Schwarz.
If your baby has the sort of love or you yourself occur to fall into the children of every age category with regards to locomotives, you would possibly need to make your manner to the metropolis of Malden, Massachusetts, outdoor of Boston. this is wherein the most important toy to teach save inside America is positioned. The stick can be the world's oldest toy. Animals play with sticks, and we use them to play fetch with our dogs.
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A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is.
A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is speculating.
What is a hedge fund?It should be noted that the hedge fund simply means a pooled investment fund which trades in liquid assets. This is usually managed by the professional fund managers.
Therefore, a hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is speculating.
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