Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances,

Answers

Answer 1

Answer:

6. Jeri Lammers, a part-time teller at Second State Bank, is married and claims  allowances.

Explanation:

He who’s the person?


Related Questions

Drag the tiles to the correct boxes to complete the pairs.

Match each business function with its

description
operations

marketing

finance

strategy

deals with the challenges that a company
faces in the ever-changing business
environment

deals with debt, stock, and owner's funds

readies products and services for
production and delivers them to the market

deals with finding, targeting, attracting, and
connecting with the right customers

Reset
Next

Answers

Answer:

description: readies products and services for

production and delivers them to the market

strategy: deals with the challenges that a company

faces in the ever-changing business

environment

finance: deals with debt, stock, and owner's funds

marketing: deals with finding, targeting, attracting, and

connecting with the right customers

Which of the following is the correct way to communicate nonverbally in a boardroom meeting?

Question 7 options:

hands on the table


elbows propped on table


reclined in chair


hands on head

Answers

Answer:

B. Elbows propped on the table.

Explanation:

Every other options seems inappropriate for the situation given. Reclined in chair is informal and inappropriate for a meeting. Hands on head is also informal and unprofessional. Elbows propped on table is disrespectful and not mannerly when in a formal setting such as a boardroom meeting.

Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?

Answers

Farmers' markets: The typical farmers' market may be the closest thing to ideal competition that exists in the real world. Small customers  producers charge relatively similar pricing for products that are almost equivalent.

Considering that there are so many small producers in the agricultural sector and that they have so little. This industry perhaps displays the closest thing to ideal competition because of its control over the selling pricing of their products. Monopolistic Competition Despite the fact that numerous businesses use customers marketing techniques and recipes, McDonald's is nonetheless distinct. Because the products are not uniform, the market cannot be completely competitive.

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the expensing of a natural resource is called a. depletion. b. depreciation. c. replenishing. d. amortization.

Answers

Answer: The correct answer is option (A) Depletion.

Explanation: depletion is an accountancy technique used to summarize the expenses of extracting natural resources such as minerals, timber and oil from the planet.

depletion is a non-currency expense that lessens the cost value of an asset increasingly via scheduled charges to income.

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Click this link to view O*NET’s Work Styles section for Secondary School Special Education Teachers.

Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Secondary School Special Education Teachers? Check all that apply.

dependability
concern for others
manual dexterity
self control
muscle force
cooperation

Answers

The common styles that are needed by Secondary School Special Education Teachers include:

dependabilityconcern for otherscooperation

What common work styles do Secondary School Special Education Teachers need?

According to the website, there are five work styles that are needed if  Secondary School Special Education Teachers are to be able to perform their jobs effectively.

The first is dependability. The teachers have to be people who can be reliable when needed and be able to take responsibility for the students under them. Another common work style is concern for others because the teachers will need to be able to show concern for their students to be able to help them.

Cooperation is also needed to be able to enable the teachers wo work with both their colleagues and the students. Other work forms that are needed by the teachers include stress tolerance and integrity.

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Answer:

1, 2, 4, 6

Explanation:

trust

Lower-level management goals that are inconsistent with company goals are a possible disadvantage of ________

Answers

One potential drawback of decentralization is the possibility of lower-level management goals that are at odds with corporate objectives.

The line of command in centralized organizations is evident as it moves up the structure. Decentralized organizations may have a structure, but they provide individual teams the authority to make decisions and carry them out on their own

Compared to centralized organizations, decentralized ones are much more flexible.

New and emerging systems constantly aggregate vast amounts of user data and information on company performance. Centralized management simply can’t respond effectively to such information in a timely manner. Specialized teams with narrow areas of focus are much more agile.

According to William Weldon, former chair and CEO of Johnson & Johnson, “The problem with centralization is if one person makes one mistake, it can cripple the whole organization.” In a decentralized company, he asserts, “you don’t have to worry about making that one big mistake.

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in perfect competition, ‘firms are price taker’. With help of an example, explain how firms in perfect competition are price takers?

Answers

In perfect competition , firms are price taker as they sell the product at equilibrium price and the price and output is determined by forces of  market demand and supply.

For example, equilibrium price is $20 . Producers assumes to sell all  the toys it want at  price of $20. No matter how much it produces, the producer will sell at the market price only.

They cannot set their own price as firms are price takers not makers. They have no reason to charge price lower than its market price.

The buyers have full knowledge about the product and the products are also identical in nature , therefore they cannot charge higher price than market price.

Perfect competition firms have horizontal demand curve at market price as average revenue is equals to market revenue.

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24. A Large coca-cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers. They used this analysis to build the following graph: Suppose x0 = 9 and X1 =7. Should the vendor expect to sell 7, more than 7, or less than 7 bottles of coke after raising the price to $2.00 if coke is a normal good?

Answers

As per the effect on the given situation, the vendor should expect to sell less than units of soda if there is a price increase.

Vendor:

Vendor refers the individual or company that sells goods or services to someone else in the economic production chain.

Given,

A Large Coca-Cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers.

Here we need to find the effect of increasing the price on the market.

According to the given question, in this case, the normal goods can be divided into two effects: substitution and income.

Here the substitution effect has a straight association with the consumers.

And it changes cheaper goods when the price of the commodity rises. This effect will always results in the fall in consumption of price-increased goods and the increase in consumption of all the other goods.

Whereas the Income effect is the cause of the decreasing consumption of both goods, and it directly connects with the consumer's income.

This one is also, their consumption of goods will be reliant on their income.

Therefore, if there is a price increase in soda, the final consumption will decrease by applying the substitution and income effect. And also, both effects will fall in the same direction, causing final consumption to be less than units.

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What happens if you only make the minimum payment on your credit card statements

Answers

Yes, you can maintain the use of your credit card by making only the Minimum Payment Due each month. However, there won't be an interest-free time and you'll have to pay exorbitant interest rates.

What takes place when you only pay the minimum amount. Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a credit card balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt. A minimum payment won't lower your credit score by itself because you aren't skipping a payment.

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The maximum quantity that an economy can produce, given its existing levels
of labor, physical capital, technology, and institutions, is called:
real GDP.
potential GDP.
aggregate supply.
aggregate demand.

Answers

The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called potential GDP.

Thus, the correct option is B.

What is GDP?

The total worth of all commodities and services generated as final goods and services inside a nation's boundaries throughout a year is known as the gross domestic product (GDP), which is calculated after deducting all intermediate consumption.

The Federal Republic of Germany's gross domestic product for 2018 was 3,388 billion.

GDP is significant since it provides information on the size and health of an economy. Real GDP growth is frequently used as a gauge of the economy's overall health. In general, an increase in real GDP is seen as a positive indicator of the health of the economy.

When a nation has a positive trade balance or surplus, its GDP rises. However, a trade deficit occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP.

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How can one measure demand curve?

BLANK helps in studying how many units (or the volume) customers would buy at a proposed price.

Answers

Demand helps in studying how many units (or the volume) customers would buy at a proposed price.

What is demand?

The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.

According to the economic principle known as the law of demand, customer demand for a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.

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Rachelle owns a business with her brother, ryan. last year, their company earned a profit of $200,000. rachelle paid taxes on her $100,000 share on her individual tax return because?

A (wrong)
C (wrong)
D (maybe)

Answers

Rachelle paid taxes on her $100,000 share on her individual tax return because she and her brother own a partnership that has pass-through taxation.

A tax return is a form (or series of forms) submitted to a taxing body that lists income, expenses, and other crucial tax data. Tax returns give taxpayers the option to determine their tax obligations, plan out their payments, or ask for reimbursement for any taxes they have paid in excess of what is required. In the majority of nations, anybody or any business with taxable income, such as wages, interest, dividends, capital gains, or other earnings, is required to file tax returns annually.

A partnership is a legal agreement between two or more parties to run a business and split the profits. Partnership agreements come in a variety of forms. In particular, all partners in a partnership business share earnings and liabilities equally, although in other cases, partners may have restricted liability.

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When selecting an investment, which criterion relates to the expected rate of return on an investment, usually over a period of one year?

Multiple choice question.

A. Duration
B. Liquidity
C. Investment risk
D. Yield

Answers

When selecting an investment, yield criterion relates to the expected rate of return on an investment, usually over a period of one year.

An investment is an asset or item purchased with the intention of earning income or increasing in value.Appreciation is the term used to describe a rise in an asset's value over time.When a person buys a good as an investment, the intention is not to consume the good but rather to use it to create wealth in the future.

A good way to put your money to work and possibly increase your wealth is to invest. Your money may experience value growth and outperform inflation if you invest wisely.

Hence, the correct option is "D".

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outline two possible reasons why BPM has profit as an objective

Answers

Increased productivity may result from using business process management. Companies are facing increased competition and challenging survival conditions.

What are the advantages of BPM?

BPM assists businesses in the short term by lowering expenses and boosting productivity. Increasing speed, organization, and efficiency for government agencies as well as greater revenue and growth for businesses are all possible outcomes of this. In the long run, BPM increases organizational agility to assist establish competitive advantage.

What advantages can IT BPM bring to the national economy?

In addition to improved government coordination processes, the country's excellent telecommunications infrastructure and the steady supply of competent workers in urban areas, where the population base is expanding at steady replacement rates, are advantages for IT-BPM businesses.

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___________consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.

Answers

Marketing analytics consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.

Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services, possibly including the choice of a target market's target audience. For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Creating interest in a company's goods or services is the main goal of marketing. This is accomplished through market study, research, and consideration of the interests of a company's ideal clients, then luring them in with content that would be instructive and beneficial to the target audience. Discovering the needs of the consumer and fulfilling those demands is the process of marketing.

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This function of marketing is responsible for identifying and reducing risks associated
with marketing decisions. Choose the answer.
O financing
Opricing
O promotion
Orisk management

Answers

This function of marketing is responsible for identifying and reducing risks associated with marketing decisions is risk management. So risk management is correct option of the given statement.

How does risk management work?

IT risk management refers to the use of risk management techniques to handle IT threats. Procedures, guidelines, and tools for evaluating possible risks and weaknesses in IT infrastructure are part of IT risk management.

What function does risk management play in general?

The process of discovering, evaluating, and managing risks to people, assets, liabilities, and income is known as risk management. The ultimate purpose of risk management is the preservation of the organization's material and human resources to ensure the smooth continuation of its business operations.

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Answer:

D. Risk Management

Explanation:

Arianna is an administrative assistant in the Human Resources Department. Her good friend, John, is applying for a job with the company and she has agreed to serve as a reference for him. John approaches her for advice on preparing for the interview. Arianna has the actual interview questions asked for all applicants and considers making him a copy of the list so he can adequately prepare

Answers

As part of Human Resources Department, if Arianna provides the actual interview questions to John, then, she is violating the an ethical conduct that is expected from her, as a HR staff, because she is suppose ensure a fair interview process of all job applicant rather than short-changing it.

What is an ethical practice?

Basically, an ethic refers to an idea or moral belief that influences the behaviour, attitudes, and philosophy of a group of people.

In an organization, an ethical practice, means application of ethical values in organisational behavior. Its applies to all aspects of organisational conduct including in corporate governance, employment practices, sales techniques, stakeholder relations, accounting practices, issues of product, corporate responsibility etc.

Missing words "Identify the ethical issue or problem"

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Which vocal characteristics ar eimportant to nonverbal communication? Choose 3 answers.

Question 9 options:

inflection


words


tone


modulation

Answers

Inflection, modulation, and tone are vocal characteristics that are important to nonverbal communication. Therefore options A, C, and D are correct.

What is Non Verbal communication?

Nonverbal communication, often known as manual language, is the process of conveying information without the use of spoken or written words. Nonverbal conduct may highlight specific aspects of verbal communication, much like italicizing accentuates written material.

In their 1956 book "Nonverbal Communication: Notes on the Visual Perception of Human Relations," psychiatrist Jurgen Ruesch and writer Weldon Kees coined the phrase "nonverbal communication."

Therefore options A, C, and D are correct

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the journal entry to record depletion includes a a. credit to accumulated depreciation. b. debit to accumulated depletion. c. debit to depletion expense. d. credit to depletion expense.

Answers

The journal entry to record depletion includes a debit to Depletion Expense.

The fundamental magazine entry for depreciation is to debit the Depreciation cost account (which seems within the earnings statement) and credit score the accumulated Depreciation account (which seems in the stability sheet as a contra account that reduces the number of constant belongings).

Depletion is a periodic rate to rate for the usage of herbal resources. therefore, it's far used in conditions where an organization has recorded an asset for such objects as oil reserves, coal deposits, or gravel pits.

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5 REFREEZE PROCESSES I DID AND MY REFREEZE PATTERNS

Answers

The last step, known as Refreezing, is when people internalize new behaviors or changes, embrace them as a part of their lives, and build new connections.

If thawed food has ice crystals or is at a temperature of 40°F or lower, it can be safely refrozen. Generally speaking, it's safe to refreeze food that has been thawed in the refrigerator because most refrigerators are kept between 34 and 40°F.

Instead, it must first be melted (unfrozen), then poured into a different mold (changed), and then frozen again in the new shape to achieve a shape transition (refreeze). Organizations may better prepare for a new status quo by viewing change as a process with three clearly defined stages.

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“Education for All” is an International organization that provides free education to all individuals regardless of age. They recently started operations in Pakistan, with Mr. Hashim appointed Campus Head. He signed an agreement with a building owner to establish their first-ever campus. Apart from fulfilling his daily legal obligations, he meets and greets all guests, including parents, stakeholders, and the media. He recently chaired a meeting of all the departments on the campus and emphasized making every effort to make the campus one of the best in providing quality education. For this, he generously allotted funds to the R&D department. He also directed the public relations department to use their resources in building a positive image of the organization through media, for which he allocated 1 million rupees. After analyzing and having a thorough understanding of the case, you are required to:

Question:
Identify the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head”.

Question:
Justify your answers in light of the case with at least one argument for each role.

Answers

Mr Hashim, to maintain his organization the best of all, made a good effort by fulfilling not only his legal duties but also meeting every person and spending money to make a positive image of the organization.

What is an organization?

An organization can be understood as a collection of resources that are working together somehow to achieve a common purpose. Usually, an organization refers to a group of people.

There are various forms of organizations of people. There might be a random group of people who spontaneously came together to address a short-term need, such as collecting litter along a certain stretch of road. Sometimes it might be a carefully collected, aligned and integrated group of people who came together for the long term to address a long-term need.

For example, stopping poverty in a certain country.

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Answer:

Solution 2

Explanation:

Interpersonal Roles:

Figurehead

Liaison

Leader

Decisional Roles:

Entrepreneur

Resource Allocator

 

Figurehead:

Mr. Hashim perform figurehead role because of he appointed

campus head and He assigned an agreement with building owner to

established their first ever campus. As a campus head in Figurehead

role you have social, ceremonial and legal responsibilities signing of

legal documents on behalf of the company.

Liaison:

Mr. Hasim Perform Liaison role because of in Liaison he gets

connected between organization and outsider and also maintain

internal and external contacts for information.

Leader:

Mr. Hashim perform Leader roles This involves building a team,

coaching the members, motivating them, and developing strong

relationship. In this case he chaired meeting of all the departments

on the campus and emphasized making every effort to make the

Opportunities or solving problem and taking action to improve

existing operation.

Resource Allocator:

Mr. Hashim perform resource allocator role to decides were the

organization will expand its efforts and makes choices on the

allocation of resources such as capital fund, time, material, and

manpower etc. This involves allocating funding as well as assigning

staff and other organizational resources.

Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability

Answers

Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.

Thus, the correct option is A.

What is Business strategy?

A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.

A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.

Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.

A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.

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if you have a business cafe what is your mission in your business

Answers

Answer:

If I would have a business cafe, my mission would be to make it famous. I know, not possible as McDonald's, but still possible, at least! Marketing ideas are the things that matter the most. Ideas like adding a big name board, a different decor, an amazing home-food menu, and most importantly, overall management and customer service as the most kind and really helpful. Because sometimes, people rate cafes bad, or low just because of the service management. They act rude towards the customers or ignore them which makes the customer feel "never coming here again". This is what causes your cafe to be underrated. Finally, my mission is to make my cafe famous. Like McDonald's.

If the interest rate is greater than the inflation
rate, what happens?

Answers

Answer:

If the inflation rate exceeds the interest earned on a savings or checking account, then the investor is losing money.

Explanation:

If the interest rate is greater than the inflation rate, than the investor who is saving money will get benefit because the interest rate given by the bank in saving is more than inflation rate in an economy.

What is Inflation?

Inflation is a persistent rise in prices of commodities and services. Inflation leads to decline of purchasing power of the people over time.

Inflation is mostly classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. The most commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.

The inflation impact in a different way in different sections of the economy. Like it is benefiting the debtors but consumers are negatively impact due to price rise of commodities.

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These days, more and more companies are now resorting to selling their goods and services online /
using internet
Discuss the risks and the various internal control activities that are required when selling goods
and services online / using internet.

Answers

Numbered sales invoices, purchase order authorization over a specific threshold, and authorization over receivables write-offs are examples of common internal controls over the sales cycle.

A random sample of transactions is chosen by the auditor, and the associated purchase orders, invoices, and customer statements are examined. Internal control risks are threats that jeopardize the efficacy and efficiency of internal controls, which ultimately jeopardize the achievement of goals. Controlling actions - The rules and practices that ensure management directions are followed are known as control sales activities. They cover a wide range of tasks such authorizations, approvals, verifications, reconciliations, reviews of operational performance, asset security, and separation of functions.

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other receivables do not include? a.taxes receivable. b.trade receivables. c.interest receivable. d.officers and employees receivable.

Answers

The officers and employees receivable do not include in other receivables.

The other receivables is the other accounts  receivables or payable are financial assets consisting of trade credit and advances and other items due to be received or paid.

Those other receivables that meet all the requirements of the "Eligible Receivable" other than that the obligor is not an acceptable obligor.

The other receivables are assets that client owe to a company and are converted into cash in a less than a year.

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If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce. (Express answer in dollars and cents. Round to the nearest cent.)

Answers

As per the concept of Currency exchange, If the item is 2 dollar 50 cents for 15 ounces, then it is 5 dollar 70 cents per ounces.

Currency exchange:

Currency exchange refers the licensed business that allows customers to exchange one currency for another.

Given,

If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce.

Now, we have to express the value in dollars and cents.

Basically, we know that,

1 dollar = 100 cents.

But here we have to convert only the decimal value in the price,

So, we have to take the decimal values in it,

Then we get,

.49 and .7.

Now, we have to multiply 100 with this value in order to convert it into cent,

=> .49 x 100 = 49 cents

When we round off it then we get 50 cents.

=> .7 x 100 = 70 cents.

Therefore, it can be expressed as, 2 dollar 50 cents and 5 dollar and 70 cents.

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On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county estimated that 5 percent of the taxes levied would be uncollectible. As of April 30, 2018, the due date for all property taxes, the county had collected $3,900,000 in taxes. The county imposed penalties and interest in the amount of $14,500 but only expects to collect $12,800 of that amount. At the end of the fiscal year (June 30, 2018), the county had collected $53,000 in delinquent taxes and $4,800 in interest and penalties on the delinquent taxes.
Required
a. Prepare journal entries to record the tax levy on July 1, 2017, in the General Fund. (Ignore all entries in the governmental activities journal.)
b. Prepare a summary journal entry to record the collection of taxes as of April 30.
c. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent.
d. Prepare the journal entry necessary to record interest and penalties.
e. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties.

Answers

a. The preparation of the journal entries to record the tax levy on July 1, 2017, in the General Fund is as follows:

July 1, 2017:

Debit Property Taxes Receivable $4,200,000

Credit General Fund $4,200,000

To record the tax levy.

Debit General Fund $210,000

Credit Uncollectible Allowance $210,000

To record the estimated allowance for uncollectible.

b. The preparation of a summary journal entry to record the collection of taxes as of April 30  is as follows:

April 30, 2018:

Debit Cash $3,900,000

Credit Property Taxes Receivable $3,900,00

To record the collection of taxes.

c. The preparation of the journal entry necessary to reclassify the uncollected tax amounts as delinquent is as follows:

April 30, 2018:

Debit Delinquent Taxes Receivable $90,000

Credit Property Taxes Receivable $90,000

To reclassify uncollected taxes as delinquent taxes.

d. The preparation of the journal entry necessary to record interest and penalties is as follows:

April 30, 2018:

Debit Penalties and Interest Receivable $14,500

Credit Penalties and Interest Revenue $14,500

To record interest and penalties.

e. The preparation of a summary journal entry to record the collection of delinquent taxes, interest, and penalties is as follows:

June 30, 2018:

Debit Cash $57,800

Credit Delinquent Taxes Receivable $53,000

Credit Penalties and Interest Receivable $4,800

Transaction Analysis:

July 1, 2017:  Property Taxes Receivable $4,200,000 General Fund $4,200,000

July 1, 2017: General Fund $210,000 Uncollectible Allowance $210,000

April 30, 2018 Cash $3,900,000 Property Taxes Receivable $3,900,00

April 30, 2018: Delinquent Taxes Receivable $90,000 Property Taxes Receivable $90,000

April 30, 2018: Penalties and Interest Receivable $14,500 Penalties and Interest Revenue $14,500

June 30, 2018: Cash $57,800 Delinquent Taxes Receivable $53,000 Penalties and Interest Receivable $4,800

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In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer.

a. True
b. False

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In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer is true.

Business performance management, also referred to as corporate performance management and enterprise performance management, is a collection of performance management and analytical procedures that allows for the management of an organization's performance in order to accomplish one or more predetermined goals. Business performance—which is closely related to commercial effectiveness—is defined by a company's capacity to implement an ideal organisational structure with the goal of providing a good or service that meets the needs of customers and consumers. Successful workers achieve deadlines, generate revenue, and enhance the company's reputation through satisfying interactions with clients. When workers don't do their jobs well, customers believe that the business doesn't care about them and will look elsewhere for assistance.

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How can events in a process costing system affect financial statements? Provide examples.

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The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.

The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.

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