Banks offer various types of accounts, such as savings, checking, certificate of deposits, and money market, to attract customers as well as meet their specific needs.

a. True
b. False

Answers

Answer 1

Answer:

it's false.. because those are not the various types of account.


Related Questions

the meaning of socio economic issues​

Answers

Answer:

Socio-economic issues are factors that have negative influence on an individuals' economic activity including: lack of education, cultural and religious discrimination, overpopulation, unemployment and corruption.

Families of goods or services having similar characteristics or methods of creation are called__________.

Answers

Answer:

Strategic business units

Explanation:

Answer:

Families of goods or services having similar characteristics or methods of creation are called__________ strategic business units.

If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is (a) $650. (b) $1,300.

Answers

The Answer is in the question click this link to find out the answer phs.dcsdk12.org good luck!

On January 2, 2020, Vaughn Manufacturing began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 $613000
September 1, 2020 1802400
December 31, 2020 1802400
March 31, 2021 1802400
September 30, 2021 1203000
Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2017. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2017 and 2018.
1. What were the weighted-average accumulated expenditures for 2017?
a. $1,600,000.
b. $1,500,000.
c. $1,200,000.
d. $3,000,000.
2. The interest capitalized for 2017 was:
a. $540,000.
b. $144,000
c. $456,000.
d. $180,000.
3. What were the weighted-average accumulated expenditures for 2018 by the end of the construction period?
a. $1,170,000.
b. $4,905,000.
c. $5,958,000.
d. $4,158,000.
4. The interest capitalized for 2018 was:
a. $374,220.
b. $354,915.
c. $ 77,220.
d. $297,000.

Answers

Answer:

Vaughn Manufacturing

1. The weighted-average accumulated expenditures for 2017 were:

c. $1,200,000.

2. The interest capitalized for 2017 was:

b. $144,000

3. The weighted-average accumulated expenditures for 2018 by the end of the construction period were:  

= $2,546,000.

4. The interest capitalized for 2018 was:

= $267,000.

Explanation:

a) Data and Calculations:

Expenditures for the construction were as follows:

Date                                   Amount of     No. of months  Weighted Average

                                         expenditure                                 Expenditure

2020:

January 2, 2020                 $613,000         12/12                     $613,000

September 1, 2020            1,802,400          4/12                       600,800

December 31, 2020          1,802,400          0/12                        0

Total weighted-average expenditure for 2020 =                $1,213,800

Which is approximately = $1,200,000

Interest capitalized = $144,000 ($1,200,000 * 12%)

Capitalized expenditure by December 31, 2020 = $1,344,000 ($1,200,000 + $144,000)

Date                                   Amount of     No. of months  Weighted Average

                                         expenditure                                 Expenditure

2021:

January 1, 2021                 1,344,000        9/9                   $1,344,000

March 31, 2021                  1,802,400       6/9                      1,201,600

September 30, 2021        1,203,000        0/9                      0

Total weighted-average expenditure for 2020 =           $2,545,600

Which is approximately $2,546,000

Interest capitalized for 2018 = $267,330 ($2,546,000 * 10.5%)

Approximately $267,000

Why do products have to be deleted from a product mix?

Answers

Answer:

Businesses must remove unnecessary goods in order to uphold high quality requirements for their product.

Explanation:

Carrie D's has 8 million shares of common stock outstanding, 6 million shares of preferred stock outstanding, and 30 thousand bonds. If the common shares are selling for $12 per share, the preferred shares are selling for $30 per share, and the bonds are selling for 110 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC

Answers

Answer:

Weight of equity = 0.31067 or 31.067%  or   96/309

Explanation:

WACC or weighted average cost of capital is the cost of a firm's capital structure which can comprise of debt, preferred stock and common equity. The WACC for a firm can be calculated as follows,

WACC = wD * rD * (1-tax rate)  +  wP * rP  +  wE * rE

Where,

w represents the weight of each component based on market value in the capital structure r represents the cost of each component D, P and E represents debt, preferred stock and common equity respectively

To calculate the weight of equity in WACC computation, we first need to find out the Market value(MV) of each component and the market value of the overall capital structure.

MV of common equity = 8 million shares * 12 per share

MV of common equity = $96 million

MV of Preferred stock = 6 million shares * 30 per share

MV of Preferred stock = $180 million

The bonds are usually have a par value of $1000 unless specified otherwise.

MV of debt = 30 thousand * $1000 * 110%

MV of debt = $33 million

MV of total capital Structure = 96 + 180 + 33  => $309 million

Weight of equity = 96 / 309

Weight of equity = 0.31067 or 31.067%  or   96/309

Hilton Company manufactures two products: Product A100 and Product X500. The company currently uses a plantwide overhead rate based on direct labor-hours. The Hilton Company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for Hilton Company as a whole and for Products A100 and X500.

Activity Cost Pool Activity Measure Estimated Overhead Cost Expected Activity
Machining Machine-hours $231,000    11,000 MHs
Machine setups Number of setups $180,000    300 setups
Production design Number of products $94,000    2 products
General factory Direct labor-hours $260,000    13,200 DLHs

Activity Measure Product Y Product Z
Machine-hours 8,000 3,000
Number of setups 60 240
Number of products 1 1
Direct labor-hours 7,000 6,200

Required:
a. What is the company’s plantwide overhead rate?
b. Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z?
c. What is the activity rate for the Machining activity cost pool?
d. What is the activity rate for the Machine Setups activity cost pool?
e. What is the activity rate for the Product Design activity cost pool?

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 765,000 / (7,000 + 6,200)

Predetermined manufacturing overhead rate= $57.95 per direct labor hour

Now, we can allocate overhead to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product Y:

Allocated MOH= 57.95*7,000= $405,650

Product Z:

Allocated MOH= 57.95*6,200= $359,390

Finally, the allocation rates based on ABC:

Machining= 231,000 /11,000= $21 per machine hour

Machine setups= 180,000/300= $600 per setup

Production design= 94,000 / 2= $47,000 per product

On January 1, 20X7, Yarrow Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them.

Compute the weighted average number of shares to be used in computing earnings per share for 2021.

Increase Months
(Decrease) Outstanding Outstanding Share Months

Answers

Answer:

Yarrow Corporation

The weighted average number of shares to be used in computing earnings per share for 2021 is:

= 2,125,000 shares.

Explanation:

a) Data and Calculations:

Weighted-Average Number of Shares

Date             Outstanding Shares     Weight       Weighted Average

January 1,                   1,000,000         12/12                 1,000,000

March 1        Issue         150,000         10/12                    125,000  

July 1            2-for-1   2,300,000          6/12                  1,150,000

October 1    Treasury (600,000)          3/12                   (150,000)

Total number           2,850,000                                   2,125,000

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Think of a business professional you admire. Using an example of a time when this person displayed integrity in a difficult situation, discuss how their business actions demonstrated their values.

Answers

Answer:

A business professional that I think of is a family friend is the majority owner of an Architectural Millwork company and a time when they showed great integrity in a difficult situation was when a former employee was suing them for unemployment. They conducted themselves with total maturity and professionalism and they were completely honest the entire time. These business actions demonstrated that honesty is a key value for them in running their company and dealing with legality issues. This is a time when a business professional showed integrity during a difficult in their companies timeline.  

Explanation:

Answer:

Amira, a sales rep for a software company, was asked by a potential customer whether the company’s technology could perform a specific function critical to his business needs. Amira wasn’t certain the software could handle his needs, so she told him she would need to get back to him. Rather than provide potential misinformation just to make the sale, Amira checked with the development team first. After determining the product could perform the requested function, she let her customer know. Not only did Amira earn the sale, but she earned trust and respect from her client, too.

Explanation:

In a workplace setting, acting with integrity often means demonstrating your core values in all efforts. Here are a few behaviors that show integrity:

Being dependable and following through on commitments

Being open and honest when communicating with others

Holding yourself accountable and owning up to your shortcomings

It’s important that employees exercise integrity regardless of their department or career level. Integrity is critical, however, in leadership positions where people have the opportunity to set examples for others. By incorporating strong values into your behavior, you can help encourage other employees to do the same.

How to display integrity in the workplace

Whether you’re working in a small business or a large corporation, your commitment to integrity will impact the workplace. Acting with integrity not only helps show employers you are capable of handling responsibilities that can advance your career, but it also helps foster a positive company culture.

Actions  to demonstrate integrity and impact your workplace

1. Show up ready to work

2. Set a positive example

3. Be respectful during the conflict

4. Practice accountability

5. Follow and enforce company policies

6. Improve your work ethic

7. Respect property

what is the yearly salary or hourly wage of a librarian?​

Answers

Answer:

$61,920, or $29.77

Explanation:

Answer:

The average hourly rate for Librarian ranges from $27 to $38 with the average hourly pay of $32.

Explanation:

The average salary for a Librarian is $58515 per year in United States.

Salaries start from $34630 and go up to $93050.

Better Health Inc. is evaluating two capital investments, each of which requires an up-front (Year 0) expenditure of $1.5 million. The projects are expected to produce the following net cash inflows: Year Project A Project B 1 $500,000 $2,000,000 2 $1,000,000 $1,000,000 3 $2,000,000 $600,000 The Discount Rate is 10% assuming a normal risk project. You may use Excel on your computer to answer this Question. Respondus has been removed from this Exam so you have access to Excel. Assume Project B is more 30% more risky than Project A and therefore would have a Discount Rate of 13% rather than 10%. What is the new NPV for Project B

Answers

Answer:

$1,468,888.29

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-1.5 million

Cash flow in year 1 = $2,000,000  

Cash flow in year 2 = $1,000,000  

Cash flow in year 3 = $600,000

I = 13%

NPV = $1,468,888.29

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

what is the yearly salary and hourly wage for a novel author? it's for a project. ​

Answers

The annual salary for novel author is $64,349. Approximately $30.94 an hour.

Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potential cost drivers: Total overhead$69,300 Cost drivers Number of labor hours1,900 Number of machine hours45,000 Required: 1. Suppose Bluefield Corp. uses a traditional costing system with number of labor hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A requires 76 percent of the labor hours and Product B requires 24 percent. 2. Suppose Bluefield uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line if Product A consumes 17,700 machine hours and Product B consumes 27,300.

Answers

Answer:

Overhead assigned to product  labour hours

Product A =  $36.5  per hour ×  76%×  1900= 52,706.0  

Product B =  $36.5  per hour ×  24%×  1900= 16,644.0

Overhead assigned to product using machine hours

Product A =  $1.54 × 17,700= $27,258

Product B =  $1.54   × 27,300 =$42,042

Explanation:

Under the traditional absorption costing system, overhead is assigned to units produced using the direct labour hours or machine hours basis.

Overhead absorption rate = Budgeted overhead for the period/Budgeted labour hours

OAR = $69,300 /1,900 hours  

= $36.5  per hour

Overhead assigned to product

Product A =  $36.5  per hour ×  76%×  1900= 52,706.0  

Product B =  $36.5  per hour ×  24%×  1900= 16,644.0

Overhead absorption rate = Budgeted overhead for the period/Budgeted machine hours

OAR = $69,300 /45,000 hours= $1.54 per hour

Overhead assigned to product

Product A =  $1.54 × 17,700= $27,258

Product B =  $1.54   × 27,300 =$42,042

g Assume that the reserve requirement is 11.69 percent. Banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $59 million using open-market operations. The Federal Reserve needs to buy $______ million worth of bonds. Round to two decimal places.

Answers

Answer:

$6.90 million

Explanation:

The computation is shown below:

Given that

The Reserve requirement is 11.69%

And, the money supply is $59 million

Based on the above information

First the money multiplier should be find out i.e.

= 1 ÷ 0.1169

= 8.55

Now the amount that need to buy is

= $59 ÷ 8.55

= $6.90 million

Hence, the federal reserve required to purchase $6.90 million worth of bonds

Banking requirements
Use the information presented in Midwestern Mutual Bank's balance sheet:
Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $675
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $1,075
Suppose a new customer adds $100 to his account at Midwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and___the___account. This would also bring the leverage ratio from its initial value of___to a new value of__. Which of the following do bankers take into account when determining how to allocate their assets?
A. The total value of liabilities.
B. The size of the monetary base.
C. The return on each asset.

Answers

Answer and Explanation:

In the case when the new customer added $100 to his account so this would rise the loan amount also at the same time it increased the reserve and debt account

The leverage ratio is

= Total asset ÷ equity

= $2,000 ÷ $1,075

= 1.8604

Now the new leverage ratio is

= $2,000  + $100 ÷ $1,075

= 1.9534

So the initial leverage ratio is 1.86 to the new value of 1.95

The bankers should taken into account for distributing the asset is return on each asset  

Kauffman Market has a gross profit percentage of 40%. It is expecting an additional $3,000 in revenues over the upcoming 3-day holiday weekend. The manager would like 3 additional staff members assisting customers during this busy time. The additional staff members will each work one 6-hour shift per day and earn $12 per hour. Would it be profitable for Kauffman Market to add the extra staff members

Answers

Answer:

$552

Explanation:

The computation is shown below:

But before that following calculation need to be done

Additional profit is

= $3,000 × 40%

= $1,200

Additional labor cost is

= (3 days × 3 employees × 6 hours per day × 12 per hour )

= $648

As we can see that the company profit would be increase by

= $1,200 - $648

= $552

Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 8%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.50%. What is Pearson's cost of common equity

Answers

Answer:

the cost of equity is 17.82%

Explanation:

The computation of the cost of equity is shown below:

As we know that

WACC = weight of debt × cost of debt × (1 - tax rate) + weight of equity × cost of equity

12.50% = 0.45 × 8% × (1 - 0.25) + 0.55 × cost of equity

12.50% = 2.7%  + 0.55 × cost of equity

9.8% =  0.55 × cost of equity

So, the cost of equity is 17.82%

he following information pertains to the January operating budget for Casey Corporation. • Budgeted sales for January​ $207,000 and February​ $100,000. • Collections for sales are​ 60% in the month of sale and​ 40% the next month. • Gross margin is​ 35% of sales. • Administrative costs are​ $10,000 each month. • Beginning accounts receivable is​ $29,000. • Beginning inventory is​ $16,000. • Beginning accounts payable is​ $67,000. (All from inventory​ purchases.) • Purchases are paid in full the following month. • Desired ending inventory is​ 30% of next​ month's cost of goods sold​ (COGS). At the end of​ January, budgeted accounts receivable from January sales is​ ________.

Answers

Answer:

the  budgeted account receivable is $82,800

Explanation:

The computation of the budgeted account receivable is shown below:

= Budgeted sales × next month sales collections percentage

= $207,000 × 40%

= $82,800

hence, the  budgeted account receivable is $82,800'

We simply multiplied the budgeted sales with the next month collection sales percentage so that the budgeted account receivable could come

purchased a truck at a cost of $67,200. It has an estimated useful life of five years and estimated residual value of $6,200. At the beginning of year three, Ripple decided that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that Ripple should record for year 3 under the straight-line depreciation method

Answers

Answer:

Ripple Corporation

The amount of depreciation that Ripple should record for year 3 under the straight-line depreciation method is:

= $18,300.

Explanation:

a) Data and Calculations:

Cost of truck = $67,200

Estimated useful life = 5 years

Estimated residual value = $6,200

Depreciable amount = $61,000 ($67,200 - $6,700)

Annual depreciation expense = $12,200 ($61,000/5)

Accumulated depreciation after two years = $24,400

Net book value = $42,800 ($67,200 - $24,400)

Revised Estimates:

Re-estimated Useful life = 4 years

Remaining useful life = 2 years

Salvage value = unchanged

Depreciable amount = $36,600 ($42,800 - $6,700)

Annual depreciation expense = $18,300 ($36,600/2)

Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $195,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___.
a. $294,000.
b. $235,200.
c. $183,200.
d. $381,500.

Answers

Answer:

Total cash disbursement June= $183,200

Explanation:

Giving the following formula:

Manufacturing costs:

May= $195,200

June= $217,600

We need to deduct the costs of depreciation, insurance, and property taxes. The first one is not a cash disbursement cost. The second and third are already paid.

Cash disbursement June:

Manufacturing costs June= (217,600 - 28,800)*0.75= 141,600

Manufacturing costs May= (195,200 - 28,800)*0.25= 41,600

Total cash disbursement June= $183,200

As part of a valuation analysis, you have identified two comparables: KLA Tencor (KLA) and Lam Research (LAM). KLA has company value of $9,600, market value of equity of $8,000, and net income of $400. LAM has company value of $12,000, market value of equity of $6,000, and net income of $500. If KLA has NOPAT of 400 and LAM has NOPAT of 600, the P/E ratios for KLA and LAM should be, respectively: Group of answer choices 20 and 12 14 and 8 Not enough information 40 and 30 24 and 20

Answers

Answer:

The correct option is 20 and 12. That is, the P/E ratios for KLA and LAM should be, respectively: 20 and 12.

Explanation:

The price-earnings (P/E) ratio can be calculated using the following formula:

P/E ratio = Market value of equity / Net income ............... (1)

From the question. we hav:

KLA market value of equity = $8,000

KLA net income = $400

LAM market value of equity = $6,000

LAM net income = $500

Using equation (1) and the above information, we have:

P/E ratios for KLA = $8,000 / $400 = 20

P/E ratios for LAM = $6,000 / $500 = 12

Therefore, the correct option is 20 and 12. That is, the P/E ratios for KLA and LAM should be, respectively: 20 and 12.

Landing Service is a lawn furniture company that has been around for many years. It is known for its ability to produce furniture more efficiently than any other company in the nation. In truth, no other companies in any other nation come close. Landing Service has shipped many of its products internationally. In fact, 80 percent of its profits come from international sales. However, the Italian government has imposed a tax on imported furniture items to protect local companies. The Brazilian government, on the other hand, has imposed taxes on Landing Service products due to the government wanting a piece of the pie.
Landing Service initially thought that these taxes were unfair because it was being singled out. However, after Landing Service contacted the organization that had the power to mediate this situation, the furniture company realized that the taxation it was subjected to was legal and that there was nothing it could do about it.
Refer to Landing Service. Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.
a. total
b. relative
c. comparative
d. proportional
e. absolute
Refer to Landing Service. What type of tax has the Brazilian government imposed on the company?
a. Import duty
b. Embargo
c. Revenue tariff
d. Protective tariff
e. Nontariff barrier

Answers

Answer:

Landing Service

1. Refer to Landing Service. Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.  

e. absolute

2. Refer to Landing Service. What type of tax has the Brazilian government imposed on the company?

a. Import duty

Explanation:

Landing Service enjoys absolute advantage with its ability to produce furniture more efficiently than any other company in the world.  It implies that Landing Service can produce furniture with lesser input resources than other furniture companies in the world.

Import duty, in this scenario, refers to the tax imposed by the Brazilian government on Landing Service's furniture. This tax increases the price of the furniture for the Brazilian importers and consumers.

Suppose today is May 1, 2016, and your firm produces breakfast cereal and needs 200,000 bushels of corn in July 2016 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might rise between now and July. Each contract is for 5,000 bushels; the settle price for July 2016 is $5.18 per bushel. Suppose corn prices are $5.14 per bushel in July. What will your cumulative mark to market be

Answers

Answer: -$8000

Explanation:

Based on the information given in the question, the cumulative mark to market will be calculate as:

= (5.14 - 5.18) ×

= 0.04 × 200,000

= 8000

The cumulative mark to market is gotten as - $8000 and since it's negative, it implies that a loss was incur by the investor in the future contracts.

The way the staff looks tells the customer a great deal about the way the organization is managed.

True
False

Answers

The answer is true :)

Western Company is preparing a cash budget for June. The company has $11,800 cash at the beginning of June and anticipates $30,200 in cash receipts and $34,900 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:

Answers

Answer:

See below

Explanation:

With regards to the above, we need to compute first the preliminary balance

Preliminary balance = $11,800 + $30,200 - $34,900 = $7,100

Then compute the amount to borrow

Amount to borrow = Minimum cash balance - Preliminary balance

= $10,000 - $7,100

= $2,900

Therefore, to maintain the $10,000 required balance, the company must borrow $2,900 during June.

On March 1, LGE asks to extend its past-due $6,000 account payable to Tyson. Tyson agrees to accept $1,400 cash and a 180-day, 8%, $4,600 note payable to replace the account payable. (Use 360 days a year.)(1) Prepare the March 1 entry for LGE.(2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson.

Answers

Answer: See explanation

Explanation:

1. Prepare the March 1 entry for LGE.

Debit: Account payable - Tyson = $6000

Credit: Cash = $1400

Credit: Note payable = $4600

.(2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson.

Debit: Notes Payable = $4600

Debit: Interest expense = ($4600 × 8/100 × 180/360) = $184

Credit: Cash = $4784

The calculation of the payback period for an investment when net cash flow is even (equal) is:

Answers

Answer:cost of investment/annual net cash flow

Explanation:

The Payback period states the period within which the investment funds are recoupened. The even net cash flow shows that the cash inflows are positive than cash outflows.  

The computation of the payback period when the company experiences an even net cash flow would be:

[tex]P=\frac{I}{n}[/tex]

Here, P is the payback period, I is the initial investment and n is net cash flow in each period.   Therefore, the payback period will be equal to the initial investment divided by net cash flow per period.

Learn more about the payback period here:

https://brainly.com/question/13978071

why does the government spend less on defense and not more?write two reasons​

Answers

Answer:When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...

Explanation:

Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in December 2018 of a circuit flaw in an amplifier that poses a potential fire hazard. Further investigation indicates that a product recall is probable, estimated to cost the company $2.8 million. The fiscal year ends on December 31. Should this contingent liability be reported, disclosed in a note only, or neither?

Answers

Answer:

Yes

Explanation:

Since in the question it is mentioned that the product recall is probable and predicted that the cost to the company is $2.8 million so this represent the contingent liability as it is probable & estimated

So the same should be disclosed and reported

Hence, the answer should be yes

The same is to considered relevant

Transformational leaders enhance performance of employees by ________. A. focusing on short-term goals for employees B. restricting creativity among employees C. establishing goals, roles, and requirements D. instilling pride in employees E. abdicating all responsibility to employees

Answers

Answer:

D. instilling pride in employees

Explanation:

Transformational leadership is a leadership style where there is a leader capable of motivating and encouraging each employee to develop their skills and thus become more productive and confident in their work. The transformational leader is the one who inspires through his personal example, he is the one who is always willing to help and collaborate with the success of each individual in a team.

Therefore, this is a very positive leadership style for organizations, as the leader is the maximum figure capable of inspiring, motivating and contributing to the creation of an organizational culture focused on creativity, collaboration, valuing work and productivity.

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